Australian Vintage Ltd · ASX:AVG
Australian Vintage — H1 FY2017 Earnings Presentation
17 slides from Australian Vintage's earnings presentation, Feb 23, 2017
Slide 1: December 2016 Half Year Results
Australian Vintage Ltd. December 2016 Half Year Results 23rd February 2017 For personal use only
Slide 2: Disclaimer
Australian Vintage Ltd. December 2016 Half Year Results For personal use only Disclaimer The presentation has been prepared by Australian Vintage Limited the industry, countries and markets in which AVG operate. They also (ACN 052 179 932) (“AVG”) (including its subsidiaries, affiliates and include
Slide 3: Key Points
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Key Points For personal use only • Net profit after tax $1.6 million compared to after tax loss of $6.1 million prior year (after one off items). • Net profit after tax and before one off items
Slide 4: Key Points
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Key Points (cont.) For personal use only • Cash flow from operating activities is positive $7.8 million compared to $11.3 million in the previous period. The decline is due to unfavourable fore
Slide 5: Australian Wine Industry
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Australian Wine Industry For personal use only In the 12 months to December 2016 the value of Australian wine exports increased by 7% to $2.2 billion and volume increased by 1% to 750 million l
Slide 6: Australian Wine Industry
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Australian Wine Industry (cont.) For personal use only The 2017 Vintage has started late and it is too early to determine what the Australian Wine Industry will crush. With the decline in viney
Slide 7: Business Results & Summary: Branded Sales
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Business Results & Summary For personal use only 1. Branded Sales McGuigan sales volumes increased by 3% but due to unfavourable currency Growth of our 3 key brands movements and our long term
Slide 8: Business Results & Summary: Australasia / North America Packaged
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Business Results & Summary (cont.) For personal use only 2. Australasia / North America Packaged Sales decreased by $0.9 million to $56.4 million as a result of a $1.0 million decline in cask s
Slide 9: Business Results & Summary: UK / Europe
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Business Results & Summary (cont.) For personal use only 3. UK / Europe The UK/Europe segment has been significantly impacted by the unfavourable exchange rate. The FX impact when compared to p
Slide 10: Business Results & Summary: Other Segments and Financial Position
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Business Results & Summary (cont.) For personal use only 4. Other Segments The Cellar Door contribution continues to grow with contribution up 5% to $0.9 million due to increased club and digit
Slide 11: Vines – Change of Accounting
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Vines – Change of Accounting For personal use only New Accounting for Vines – Amendments to Australian Accounting Standards – Agriculture: Bearer Plants The amendments, applicable from 1 July 2
Slide 12: Vines – Change of Accounting
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Vines – Change of Accounting (cont.) For personal use only Impact on Group Balance Sheet/Equity (cont.) The recording of grapes from leased vineyards at market value resulted in a decrease in i
Slide 13: Results Summary – Revenue ($'000)
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Results Summary – Revenue ($’000) For personal use only 6 months to Change 31/12/16 31/12/15 $’000 % Australasia / North America packaged 56,447 57,379 (932) (2) UK / Europe 47,580 58,196 (10,6
Slide 14: Results Summary ($'000)
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Results Summary ($’000) For personal use only 6 months to Change 31/12/16 31/12/15 $’000 % Australasia / North America Packaged 4,440 4,155 285 7 UK / Europe 1,043 4,172 (3,129) (75) Cellar Doo
Slide 15: Outlook
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Outlook For personal use only The Company continues to focus on growing our three key The UK market will remain challenging and we do not expect brands, McGuigan, Tempus Two and Nepenthe and wh
Slide 16: Outlook
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Outlook (cont.) For personal use only We are also looking at other ways to improve our production efficiencies which may include some additional capital expenditure. Recently we signed a long-t
Slide 17: Wine Show Results / Key Brand Facts
Key Points Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Wine Show Results / Key Brand Facts For personal use only • The world’s largest wine competition, the • Tempus Two wines received two Bronze IWSC, awarded McGuigan Wines a total of: and one Sil