Delegat Group Limited · NZX:DGL
Delegat — H1 FY2011 Earnings Presentation
10 slides from Delegat's earnings presentation, Feb 23, 2011
Slide 1: Half Year Results to 31 December 2010
Half Year Results to 31 December 2010 23 February 2011
Slide 2: Half Year Performance Highlights
Half Year Performance Highlights • Achieved global sales of 1,126,000 cases • Achieved record six-month sales revenue of $131.7 million • Increased case price realisation to $116.93 • Achieved record operating NPAT of $17.1 million • Generated cash from operations of $17.5 million
Slide 3: Case Sales, Case Price Realisation & FX
Case Sales, Case Price Realisation & FX Dec 2010 Dec 2009 %∆ Case Sales (000's) 6 Months 6 Months vs 2009 UK, Ireland & Europe 521 602 -13% Nth America (USA, Canada) 204 164 24% Australia, NZ & Asia Pac 401 369 9% Total Cases 1,126 1,136 -1% Case Price Realisation ($) 116.9 113.5 3% 1. Case Price Re
Slide 4: Sales Revenue Growth Analysis
Sales Revenue Growth Analysis NZ$ millions Dec 2010 Dec 2009 %∆ 6 Months 6 Months vs 2009 Sales Revenue 131.7 128.9 2% Sales movements breakdown: Volume -1% Value 3% Foreign Exchange -2% Underlying Price and Product Mix 5%
Slide 5: Movement in Operating Profit
Movement in Operating Profit NZ $m 20.0 $2.1m $17.1m 17.0 ($0.5m) $15.7m ($0.2m) 14.0 11.0 8.0 5.0 Dec 2009 Actual Margin impact on sales Net FX Impact Other Dec 2010 Actual
Slide 6: NZ IFRS Accounting Adjustments
NZ IFRS Accounting Adjustments NZ$ millions Dec 2010 Dec 2009 %∆ 6 Months 6 Months vs 2009 Operating NPAT 17.1 15.7 9% Operating NPAT % of Sales 13% 12% NZ IFRS Fair Value Items Biological Assets (Vines) (1.9) 0.4 -621% Harvest Provision Release (Grapes) 0.5 (3.7) 113% Derivative Instruments (1.2) (
Slide 7: Outlook
Outlook “Delegat’s remains confident that its sales performance for the full year will be ahead of forecast.” “The Group expects that it will achieve full year forecasted operating NPAT within the consensus range of $20.5 - $25.5 million.”
Slide 8: Full Year Forecast
Full Year Forecast 2011 FY 2011 FY %∆ Case Sales (000's) Forecast Guidance vs Guidance UK, Ireland & Europe 759 645 18% Nth America (USA, Canada) 433 431 0% Australia, NZ & Asia Pac 694 709 -2% Total Cases 1,886 1,785 6% Case Price Realisation ($) 117.6 122.3 -4% 1. Case Price Realisation is sensiti
Slide 9: Second Half Year Performance
Second Half Year Performance Operating Performance in second half is impacted by: • A lower proportion of case sales • Annual cost of leased vineyards at harvest is included in Cost of Goods - consistent with prior years
Slide 10: Thank You
Thank You DELEGAT’S GROUP LIMITED