Lark Distilling Co. Ltd. · ASX:LRK
Lark Distilling — H1 FY2023 Earnings Presentation
13 slides from Lark Distilling's earnings presentation, Feb 24, 2023
Slide 1: FY23 H1 Investor Briefing
LARK DISTILLING CO FY23 H1 INVESTOR BRIEFING FEBRUARY 2023 ill ") “a
Slide 2: FY23 H1 Key Highlights
LARK Distilling Co. FY23 H1 Key Highlights 2
Slide 3: FY23 H1 Results
LARK Distilling Co. FY23 H1 Results H1 H1 H2 • A$'000 % % FY23 FY22 FY22 • Net Sales 9,624 9,880 -3% 10,399 -7% Gross Profit 6,566 6,113 7% 7,369 -11% • GP % Net Sales 68.2% 61.9% 10% 70.9% -4% Other Income 370 410 -10% 223 66% • Operating costs (6,942) (5,182) 34% (6,491) 7% Selling and distributio
Slide 4: FY23 H1 Results
LARK Distilling Co. FY23 H1 Results A$'000 31-Dec-22 30-Jun-22 Cash and cash equivalents 9,076 16,096 Trade and other receivables 2,932 4,110 • Inventories 18,525 20,430 Prepaid assets 1,455 181 • Total current assets 31,988 40,818 Inventories 42,948 39,741 • Property, plant and equipment 15,176 15,
Slide 5: Quarterly sales Q1FY21 to Q2FY23
• • • • 2.18 2.22 1.95 2.06 1.24 1.34 1.09 0.82 0.93 0.77 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 5
Slide 6: Lark reputation continues to grow with international award wins
LARK Distilling Co. Lark reputation continues to grow with wins across highly reputable international awards programs BILL LARK WINS PRESTIGIOUS LIFETIME ACHIEVEMENT AWARD SYMPHONY NO 1 AUSTRALIA'S BEST BLENDED MALT - FOR SECOND YEAR WORLD] WORLD WHISKIES AWARDS ff AWARDS WiNNer GOLD CHINOTTO CASK S
Slide 7: Marketing investment to drive brand results and platform for export
LARK Distilling Co. Marketing investment to drive brand results and platform for export 27m MEDIA CAMPAIGN IMPRESSIONS IN DIGITAL AND OUT OF HOME Investment into brand awareness, attracting 57% LARK Christmas Cask 2022 Ecomm purchasers new to brand +1.5k LIQUID ON LIPS MOMENTS WITH DAVID JONES Effec
Slide 8: Increased investment and focus, to scale Tasmania's #1 GIN
LARK Distilling Co. Increased investment and focus, to scale Tasmania's #1 GIN 117m +3k +281% +46% MEDIA CAMPAIGN REACH LIQUID ON LIPS MOMENTS AT INCREASED SOCIAL DISTRIBUTION POINTS GAIN IN 12 SUMMER GIN GARDEN ENGAGEMENT MONTHS Over a million eyes on FSG arriving Drove trial and recruited new Appo
Slide 9: FY23 Outlook
LARK Distilling Co. FY23 Outlook
Slide 10: H2 Outlook
LARK Distilling Co. H2 Outlook LARK's key highlights planned for H2 include: Commencement of new CEO, Satya Sharma, on 1 May Launching the new LARK ‘Signature Collection’ core range Developing and going live with ‘The LARK Side’ brand campaign New product launches including Garage Project (currently
Slide 11: Way forward: Roadmap to full potential
LARK Distilling Co. Way forward: Roadmap to full potential Build Brand Position ¢ Enhanced points of distribution in Australia ¢ Core “Signature Collection” ¢ LARK brand positioning and investment ¢ FSG Brand positioning and investment Accelerate results ¢ Expand into selected export markets and cit
Slide 12: Disclaimer
Disclaimer The information contained in this presentation has been prepared by Lark Distilling Co. Limited (“LARK”). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in LARK. This presentation
Slide 13: Made of Tasmania
LARK MADE OF TASMANIA For more information contact: Melanie Leydin (Company Secretary) +613 9692 7222 Melanie.leydin@vistra.com