Slide 1: FY26 Results
DELEGAT WINNING THE WORLD OVER FY26 Results 28 August 2026
Slide 2: Agenda
Agenda Business Update Financial Review Outlook 2
Slide 3: Business update
Business update 3
Slide 4: Our strategic goal is to build a leading global super premium wine company
OUR STRATEGIC GOAL IS TO BUILD A LEADING GLOBAL SUPER PREMIUM WINE COMPANY. 4
Slide 5: Achieving Delegat vision is based on excellence across key success factors
Achieving Delegat vision is based on excellence across 4 key success factors quality SUPER PREMIUM brands WORLD FAMOUS supply distribution EXCLUSIVE GLOBAL 5 5
Slide 6: The Marlborough winery
——< YE Yl Uy 0 borough winery 4
Slide 7: FY26 Performance Highlights
FY26 Performance Highlights • Global case sales of 3,320,000 Up 132,000 cases on last year (+4%) • Record operating EBITDA of $134.5 million Up $18.0 million on last year (+15%) • Operating NPAT of $61.5 million Up $10.4 million on last year (+20%) • Reported NPAT of $39.5 million Down $9.5 million
Slide 8: FY26 Operating highlights
FY26 Operating highlights • Strong uplift in Operating NPAT, despite some industry headwinds. • Growth of our global distribution footprint. • Leveraging of deep market knowledge and strong distributor relationships to navigate tariff impacts. • Reinforce Oyster Bay’s brand affinity and value propos
Slide 9: Financial review
Financial review
Slide 10: Volume growth driven by market diversification
Volume growth driven by market diversification Case Sales (000's) Jun 2026 Jun 2025 % Change vs 2025 UK, Ireland and Europe 1,027 1,008 2% North America (USA and Canada) 1,552 1,509 3% Australia, NZ and Asia Pacific 741 671 10% Total Cases 3,320 3,188 4% Foreign Currency Rates GB£ 0.4562 0.4659 2% A
Slide 11: Sales Revenue Growth: Volume, Price and FX
Sales Revenue Growth: Volume, Price and FX June 2026 June 2025 % Change NZ$ millions Actual Actual vs 2025 Sales Revenue 360.6 346.2 4% Sales movements breakdown: Volume 4% Value 0% Foreign Exchange 2% Price -2% US tariff -1% Country/Product Mix 1% 11
Slide 12: Strong result delivered against industry challenges
Strong result delivered against industry challenges June 2026 June 2025 % Change NZ$ millions vs 2025 Sales Revenue 360.6 346.2 4% Operating Revenue 364.1 349.6 4% Operating Gross Profit 177.2 158.3 12% Operating Gross Margin 49% 45% Expenses (59.0) (54.6) -8% Promotion and Marketing (14.1) (14.7) 4
Slide 13: Operating EBITDA Movement – Last Year
Operating EBITDA Movement – Last Year NZ $millions 13
Slide 14: Operating Profit Movement – Last Year
Operating Profit Movement – Last Year NZ $millions 14
Slide 15: Operating NPAT up 20%, with Reported NPAT reflecting fair value and impairment items
Operating NPAT up 20%, with Reported NPAT reflecting fair value and impairment items June 2026 June 2025 % Change NZ$ millions vs 2025 Operating NPAT 61.5 51.1 20% Operating NPAT % of Revenue 17% 15% Biological Produce (Grapes) 1 (15.0) 3.7 n/m² Derivative financial Instruments (7.2) (6.6) n/m² Impa
Slide 16: Reported Profit Movement – Last Year
Reported Profit Movement – Last Year NZ $millions 16
Slide 17: Solid asset base of $1.1b supports long-term growth
Solid asset base of $1.1b supports long-term growth June 2026 June 2025 % Change NZ$ millions vs 2025 Assets Current Assets 260.0 279.9 -7% Fixed Assets 845.6 854.6 -1% Other Non-current Assets - 0.2 -100% Total Assets 1,105.6 1,134.7 -3% Liabilities Current Liabilities 62.6 56.0 12% Lease Liability
Slide 18: Debt reduction driven by strong operating cashflows
Debt reduction driven by strong operating cashflows NZ $millions 18
Slide 19: Capital expenditure investment to support future growth
Capital expenditure investment to support future growth Capital expenditure, NZD, FY23 to FY27 Vineyard and winery developments in Hawke’s Bay, Marlborough and Barossa Valley. 2023: Includes $39.9 million purchase of the previously leased Dashwood vineyard in Marlborough. $ Million 2025: Includes $1
Slide 20: Debt metrics and covenant headroom
Debt metrics and covenant headroom June 2026 June 2025 % Change NZ$ millions vs 2025 Funding Operating Cash Flow 110.5 105.7 5% Net Debt 276.8 328.6 -16% Key Ratios Operating Profit Measures Interest Cover 5.85 5.01 17% Return on Equity1 10.6% 9.4% 13% Return on Capital Employed 2 10.7% 9.1% 17% Rep
Slide 21: Outlook
Outlook
Slide 22: Current asset base supports future case sales growth
Current asset base supports future case sales growth 9 Litre Cases Thousands, FY24 to FY29 3.8 3.7 3.6 3.6 3.6 3.5 3.5 3.4 3.4 3.3 3.3 3.2 3.2 3.1 3.0 2.9 2024 2025 2026 2027 2028 2029 Actuals Actuals Actuals Forecast Projection Projection 22
Slide 23: FY27 Operating Profit Guidance
FY27 Operating Profit Guidance Based on prevailing exchange rates and market conditions, the Group forecasts to achieve an FY27 Operating NPAT that is in the range of $62 - $66 million*. This guidance excludes any US tariff refunds receivable which have been disclosed as a contingent asset in the Gr
Slide 24: Thank you
Thank you