Delegat Group Limited · NZX:DGL
Delegat — Shareholder Meeting (November 2023)
28 slides from Delegat's shareholder meeting presentation, Nov 23, 2023
Slide 1: Annual Shareholders Meeting
ANNUAL SHAREHOLDERS MEETING 23 November 2023 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 • Graeme Lord – Chair • Steven Carden – Managing Director • Jim Delegat • Rose Delegat • Dr. Alan Jackson • Gordon MacLeod • Phillipa Muir • Murray Annabell – Chief Financial Officer 4
Slide 5: Agenda
AGENDA • Chair’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 5
Slide 6: Chair's Address – Graeme Lord
CHAIR’S ADDRESS – GRAEME LORD 6
Slide 7: Strong FY23 Performance
STRONG FY23 PERFORMANCE • Record Global Case Sales of 3,676,000 Up 316,000 cases on last year (9%) • Operating NPAT of $59.3 million Up $1.2 million on last year (2%) • Operating EBITDA of $120.4 million Up $8.2 million on last year (7%) • Reported NPAT of $64.8 million Up $1.8 million on last year
Slide 8: 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. 8 8
Slide 9: Our global success is underpinned by four key success factors
OUR GLOBAL SUCCESS IS UNDERPINNED BY FOUR KEY SUCCESS FACTORS quality S U P ER P R EM I U M brands W O R LD FA M O U S supply G LO B A L distribution EX C L U S I V E 9
Slide 10: Board Succession
BOARD SUCCESSION: • Retirement – Graeme Lord Non-executive Chair • Appointment – Jim Delegat Non-executive Chair 10
Slide 11: Chair's Address – Graeme Lord
CHAIR'S ADDRESS – GRAEME LORD 11
Slide 12: Managing Director's Address – Steven Carden
MANAGING DIRECTOR’S ADDRESS – STEVEN CARDEN 12
Slide 13: A Long-Term Growth Story
A LONG-TERM GROWTH STORY Source: Delegat internal analysis 13
Slide 14: Oyster Bay is the leading premium Sauvignon Blanc brand in the world
OYSTER BAY IS THE LEADING PREMIUM SAUVIGNON BLANC BRAND IN THE WORLD NUMBER ONE WINE IN AUSTRALIA 2 NUMBER TWO PREMIUM SAUVIGNON BLANC IN THE UK 1 NUMBER TWO PREMIUM SAUVIGNON BLANC IN THE USA 3 NUMBER TWO PREMIUM SAUVIGNON BLANC IN CANADA 4 NUMBER ONE PREMIUM SAUVIGNON BLANC IN NEW ZEALAND 5 EL Sou
Slide 15: Range of super premium wines in key markets
RANGE OF SUPER PREMIUM WINES IN KEY MARKETS Oyster Bay ranking within NZ Premium Wine category, by variety Sauvignon Blanc Chardonnay Pinot Gris/Grigio Merlot Pinot Noir US 2 1 1 1 1 Canada 2 1 1 1 2 UK 2 1 3 1 2 Ireland 1 1 - 1 1 Australia 1 1 3 1 2 Source: Circana 52 wks ending 23/04/2023 USD 14+,
Slide 16: Oyster Bay is one of the world's most successful super premium wine brands
OYSTER BAY IS ONE OF THE WORLD’S MOST SUCCESSFUL SUPER PREMIUM WINE BRANDS Global sales of world's 10 largest premium wine brands, 2022 2022 Premium wine brands Volume (000s 9LE) 1 Josh Cellars Wine 5,771 2 Apothic Wine 4,189 3 Oyster Bay Wine 3,299 4 Kendall Jackson Wine 3,045 5 Menage a Trois Wine
Slide 17: Investment in key markets to drive rate of sale and consumer loyalty
INVESTMENT IN KEY MARKETS TO DRIVE RATE OF SALE AND CONSUMER LOYALTY Winning in key accounts with feature and display …… and driving awareness & affinity in digital 17
Slide 18: 2023 Harvest, Wine Making and Supply Chain Performance
2023 HARVEST, WINE MAKING AND SUPPLY CHAIN PERFORMANCE • Consistently high quality across the Group harvest. The harvest of 45,340 tonnes was up 1% from 2022 harvest (compared to industry which was down 6% v 2022) • Recovery from Cyclone Gabrielle was rapid with minimal grape losses, reflecting qual
Slide 19: Ongoing investment in vineyard and winery assets
ONGOING INVESTMENT IN VINEYARD AND WINERY ASSETS 19
Slide 20: Continuing work expanding the Group's ESG program
CONTINUING WORK EXPANDING THE GROUP'S ESG PROGRAM 20
Slide 21: Delegat Great Wine People remain at the heart of the company's success
DELEGAT GREAT WINE PEOPLE REMAIN AT THE HEART OF THE COMPANY'S SUCCESS 21
Slide 22: Outlook
OUTLOOK FY24 Guidance FY25 and FY26 Case Sales Growth Guidance • Global case sales of 3,614,000 cases • The Group is committed to growing (down 1.7% on last year and 5.5% on profitability in key markets through price previous guidance) increases to offset cost inflation • Operating Net Profit after
Slide 23: Managing Director's Address – Steven Carden
MANAGING DIRECTOR’S ADDRESS – STEVEN CARDEN 23
Slide 24: Agenda
AGENDA • Chair’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 24
Slide 25: Agenda
AGENDA • Chair’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 25
Slide 26: 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 27: Agenda
AGENDA • Chair’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 27
Slide 28: Annual Meeting
ANNUAL MEETING 23 November 2023 31