Lark Distilling Co. Ltd. · ASX:LRK
Lark Distilling — FY2022 Earnings Presentation
16 slides from Lark Distilling's earnings presentation, Aug 29, 2022
Slide 1: LARK Distilling Co. FY22 Results
LARK Distilling Co. FY22 Results Investor Presentation 29 August 2022
Slide 2: FY22 Key Highlights
FY22 Key Highlights 2
Slide 3: FY22 Key Highlights
LARK Distilling Co. FY22 Key Highlights Record net sales¹ $269/L net sales Strengthening of $20.3 million value whisky bank of (+57% YoY) (+25% YoY) 2.1 million litres* in line with guidance achieved during FY22 (+88% YoY) Normalised Successful underwriting EBITDA of $1.4 acquisition of future sales
Slide 4: Financial Highlights
LARK Distilling Co. FY22 Results A$'000 FY22 FY21 % change Financial Net Sales² 20,279 12,916 57.0% Profit & Loss Highlights¹ Gross profit 13,482 8,654 56.0% • LARK achieved record annual net sales of $20.3 million for the year (+57% vs FY21), in line with guidance GP % to Net Sales 66.5% 67.0% (0.5
Slide 5: Financial Highlights: Cash Flow
LARK Distilling Co. FY22 Results A$'000 FY22 FY21 Financial Cash flows from operating activities (7,715) (6,375) Cash Flow Highlights¹ Cash flows from investing activities Cash flows from financing activities (39,443) 55,609 (637) 8,539 • LARK strengthened its cash position with $16.1 million at FY2
Slide 6: Pontville Distillery, reflecting a strategic turning point
Pontville Distillery, reflecting a strategic turning point • Historical significance of the site enhancing customer experience • Enables Lark to develop into luxury tourism destination - attracting new consumers to the brand; and - providing opportunity to showcase Lark to existing consumers • Plann
Slide 7: Strengthening whisky bank underwriting future sales growth
Strengthening whisky bank underwriting future sales growth • LARK achieved 2.1 million litres as at 30 June 2022, exceeding previous ambitions • Development of a robust whisky bank with diverse cask program provides confidence to meet consumer demand • Enables Lark to deliver on planned export progr
Slide 8: On track to become a global icon in single malt whisky
On track to become a global icon in single malt whisky, renowned for being the most innovative distiller STRENGTHENED MARKET STRONG EXECUTION OF DIRECT TO CONSUMER & REINFORCED QUALITY & LEADING POSITION, WITH A TARGETTED LIMITED ONLINE OPTIMISATION CRAFT CREDENTIALS, DISTRIBUTION OF CORE RELEASE PR
Slide 9: 30th Anniversary activity effective in building brand awareness & collectors
30th Anniversary activity effective in building brand awareness & collectors release program • Celebration at Pontville Distillery with 200+ local and interstate LARK retailers, partners, and media - Strengthening relationships, resulting in deeper brand education, putting LARK front of mind - New i
Slide 10: Focus on sustainably growing key export channel
Focus on sustainably growing key export channel • Remains a key strategic priority into FY23 as additional export sales orders observed during the June quarter • Continue to build export foundations in a sustainable manner to drive future revenue growth • Building marketing strategies through high n
Slide 11: LARK's expanding capability to support strategy
LARK’s expanding capability to support strategy • During FY22, the company continued to invest in critical personnel • Expanded sales team, ensuring representation in retailers and on-premise venues in capital cities, by Lark dedicated people • New manufacturing team with the acquisition of Pontvill
Slide 12: FY23 Outlook
LARK Distilling Co. FY23 Outlook 12
Slide 13: Outlook commentary
Outlook commentary Managing Director and Interim CEO, Laura McBain • Lark's key strategic initiatives planned for FY23 include: - Appointment of a new CEO - Consumer-targeted and disciplined limited release program - Expansion of Classic collections, ensuring core range to meet the demand for luxury
Slide 14: Thank you.
LARK Distilling Co. Thank you. Bill Lark, Founder & Ambassador
Slide 15: 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 16: For more information contact:
For more information contact: Sam Wells (NWR Communications) Melanie Leydin (Company Secretary) +61 427 630 152 +613 9692 7222 sam@nwrcommunications.com.au Melanie.leydin@vistra.com 16