Delegat Group Limited · NZX:DGL
Delegat — Shareholder Meeting (December 2021)
24 slides from Delegat's shareholder meeting presentation, Dec 7, 2021
Slide 1: Annual Meeting
ANNUAL MEETING 7 December 2021 1
Slide 2: How to participate in virtual/hybrid meetings (Q&A)
HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (Q&A) Shareholder & Proxyholder Q&A Participation Written Questions: Questions may be submitted ahead of the meeting. If you have a question to submit during the live meeting, please select the Q&A tab on the right half of your screen at anytime. Type yo
Slide 3: How to participate in virtual/hybrid meetings (Voting)
HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (VOTING) Shareholder & Proxyholder Voting Once the voting has been opened, the resolutions and voting options will allow voting. To vote, simply click on the Vote tab, and select your voting direction from the options shown on the screen. You can vote fo
Slide 4: Welcome
WELCOME • Jim Delegat – Executive Chairman • Graeme Lord – Acting Managing Director • Rose Delegat • Dr. Alan Jackson • Phillipa Muir • Murray Annabell – Chief Financial Officer 4
Slide 5: Agenda
AGENDA • Executive Chairman’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 5
Slide 6: Executive Chairman's Address – Jim Delegat
EXECUTIVE CHAIRMAN’S ADDRESS – JIM DELEGAT 6
Slide 7: FY2021 – A Challenging but Successful Year
FY2021 – A CHALLENGING BUT SUCCESSFUL YEAR • Case sales of 3,178,000, down 3%. • North America 3% case sales growth. • Record operating NPAT of $65.5 million, up 8%. • Strong cash flows from operations of $74.7 million. • 13.8% Operating Return on Capital Employed. 7
Slide 8: Investing for Growth
INVESTING FOR GROWTH • $62.2 million of capital expenditure invested in FY2021. • $29.7 million of capital expenditure planned in FY2022. • Vineyard development in New Zealand. • Marlborough and Hawke’s Bay winery expansion. • This capital investment supports the Group’s plan to grow sales by more t
Slide 9: Vineyard Development
VINEYARD DEVELOPMENT Awatere Valley, Marlborough 9
Slide 10: Funding Growth
FUNDING GROWTH • Funding growth through retained earnings and bank debt. • Strong balance sheet. • Shareholders’ equity $454.4 million. • Net bank debt $249.1 million. • Undrawn syndicated bank facilities $80.9 million. 10
Slide 11: Directors
DIRECTORS • Appointment – Steven Carden Managing Director • Appointment – Dr Alan Jackson Independent Chairman 11
Slide 12: Another Year of Strong Performance on Our Journey
ANOTHER YEAR OF STRONG PERFORMANCE ON OUR JOURNEY TO BUILD A LEADING GLOBAL SUPER PREMIUM WINE COMPANY. 12
Slide 13: Acting Managing Director's Address – Graeme Lord
ACTING MANAGING DIRECTOR’S ADDRESS – GRAEME LORD 13
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Slide 15: FY2021 – Global Sales Performance
FY2021 – GLOBAL SALES PERFORMANCE • North America 1,487,000 cases, up 3%. • United Kingdom, Ireland and Europe 1,074,000 cases. • Australia, New Zealand, Asia Pacific 618,000 cases. 15
Slide 16: FY2021 – Global Sales Performance
FY2021 – GLOBAL SALES PERFORMANCE • North America 1,487,000 cases, up 3%. • United Kingdom, Ireland and Europe 1,074,000 cases. • Australia, New Zealand, Asia Pacific 618,000 cases. 16
Slide 17: FY2021 – Global Sales Performance
FY2021 – GLOBAL SALES PERFORMANCE • North America 1,487,000 cases, up 3%. • United Kingdom, Ireland and Europe 1,074,000 cases. • Australia, New Zealand, Asia Pacific 618,000 cases. 17
Slide 18: FY2021 – Global Sales Performance
FY2021 – GLOBAL SALES PERFORMANCE • North America 1,487,000 cases, up 3%. • United Kingdom, Ireland and Europe 1,074,000 cases. • Australia, New Zealand, Asia Pacific 618,000 cases. 18
Slide 19: Most Admired
‘MOST ___ ates ADMIRED’ | Sometimes “e “~ ‘vr : oe ‘ reallyis Oyster Bay is celebrated around the globe, firmly y establishing itself as f : the world’s most loved A premium New Zealand _” wine brand. * Most Admired Brands: Drinks International 2019 19
Slide 20: Delegat Group 2021 Vintage
DELEGAT GROUP 2021 VINTAGE • Group harvest 37,470 tonnes, down 2% from the 2020 vintage • Exceptional quality in all regions delivering highly expressive wines • Appropriate inventories in place to achieve forecast sales plans 18 20
Slide 21: Sales Growth FY2022 – FY2024
SALES GROWTH FY2022 – FY2024 Delegat Group Planned Sales Volume (Thousands of 9 Litre cases) 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 FY2021 Actual FY2022 Forecast FY2023 Projection FY2024 Projection 21
Slide 22: Forecast FY2022
FORECAST FY2022 • On track to achieve full year sales growth to 3.4 million cases. • Full year operating NPAT forecast to be in the range of $57 million to $61 million. 22
Slide 23: How to participate in virtual/hybrid meetings (Voting)
HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (VOTING) Shareholder & Proxyholder Voting Once the voting has been opened, the resolutions and voting options will allow voting. To vote, simply click on the Vote tab, and select your voting direction from the options shown on the screen. You can vote fo
Slide 24: Annual Meeting
ANNUAL MEETING 7 December 2021 24