Australian Vintage Ltd · ASX:AVG
Australian Vintage — Shareholder Meeting (November 2021)
35 slides from Australian Vintage's shareholder meeting presentation, Nov 24, 2021
Slide 1: AVG AGM Addresses and Presentation
For personal use only Company Announcements Australian Securities Exchange 24 November 2021 AVG AGM Addresses and Presentation Australian Vintage Limited (ASX: AVG) will today address shareholders at its Annual General Meeting to be held virtually, commencing at 2.00 pm Australian Eastern Daylight S
Slide 2: Chairman's Address – Richard Davis
2021 Annual General Meeting Chairman’s Address – Richard Davis For personal use only Australian Vintage is well established in the strategic journey of putting the consumer at the heart of everything we do. The Company has made real progress in core capability and is well placed to deliver growth ov
Slide 3: Chairman's Address: sustainability and capital restructure
Increasing awareness of the threats to our environment and the importance of sustainability are growing the expectations of our consumers, customers, and partners around the world. For personal use only Sustainability is fundamental to AVL as we strive to be world class in water management, renewabl
Slide 4: Chairman's Address: industry exports and grape crush
Exports, excluding mainland China, increased by 9% in value and 5% in volume. The UK is now the biggest export market by value and volume. For personal use only The total grape crush for 2021 was 2.0 million tonnes, a record for this industry. The grape crush was 31% above the 2020 harvest and 17% a
Slide 5: Strategic Plans positions us well for growth
Strategic Plans positions us well for growth Now moving onto our balanced scorecard. This scorecard, which monitors how we are going For personal use only against our strategic plans, is an all-encompassing view of our business and covers: • Consumer and Brands in terms of our investment in brands,
Slide 6: FY21 Performance by Segment
been an outstanding success and demonstrated the importance of innovation to the portfolio long term. This, together with the benefits from production efficiencies is sustainable for the long- term future and not -19 dependent. For personal use only FY21 Performance by Segment ANZ The Australian and
Slide 7: Vineyards and Outlook
Vineyards Vineyard contribution improved by $1.0 million due to the improved SGARA (Self Generating and Regenerating Assets). This improvement is due to the increased yield from our vineyards offset For personal use only marginally by reduced red grape prices. Outlook The record result for FY21 is v
Slide 8: Chief Financial Officer's Address – Michael Noack
I will now hand over to Mike Noack, our CFO, who will provide further details on our financial position, including cash flow and Return on Capital Employed. For personal use only Chief Financial Officer’s Address – Michael Noack Thankyou Craig and hello to all our shareholders. Improving Financial P
Slide 9: For personal use only
Getting our business to where it is now has been a long journey built up from sustainable long term strategies. Our business is in a sound financial position. For personal use only Ends -8-
Slide 10: Australian Vintage Limited Annual General Meeting
For personal use only AUSTRALIAN VINTAGE LIMITED ANNUAL GENERAL MEETING 24 November 2021
Slide 11: Your Board of Directors
Your Board of Directors For personal use only Richard Davis Naseema Sparks AM John Davies Chairman Non-Executive Director Non-Executive Director Craig Garvin Peter Perrin Jiang Yuan (Dixon) Executive Director, Non-Executive Director Non-Independent, Chief Executive Officer Non-Executive Director 2
Slide 12: Online Attendees – Text Question Process
Online Attendees – Text Question Process 123-456-789 For personal use only When the question function is available, the messaging tab will appear at the top of the screen To submit a question, type your question in the “Ask a question” box and press the send arrow Your question will be sent immediat
Slide 13: Online Attendees – Audio Question Process
Online Attendees – Audio Question Process 123-456-789 For personal use only When the audio questions line is available, a link will appear on the home tab titled Asking Audio Questions If you would like to ask an audio question, pause the meeting broadcast and click on the link You will be prompted
Slide 14: Online Attendees – Voting
Online Attendees – Voting 123-456-789 For personal use only When open, the vote will be accessible by selecting the voting tab at the top of the screen To vote simply select the direction in which you would like to cast your vote. The selected option will change colour For Against Abstain There is n
Slide 15: Disclaimer
Disclaimer The presentation has been prepared by Australian Vintage Limited (ACN countries and markets in which AVG operate. They also include general For personal use only 052 179 932) (“AVG”) (including its subsidiaries, affiliates and associated economic conditions, exchange rates, interest rates
Slide 16: Agenda
Agenda For personal use only 1) Chairman’s Address 2) CEO’s Address 3) Financial Position 4) Formal Proceedings & Shareholder Questions 7
Slide 17: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS
Slide 18: Australian Wine Industry
Australian Wine Industry For personal use only Exports • 12 months to September 2021, Australian export sales decreased by 24% to $2.4.billion and volume decreased 17% to 638 million litres • Biggest driver of the export decline was a significant decrease in exports to mainland China. • Exports, exc
Slide 19: CEO's Address
For personal use only CEO’S ADDRESS
Slide 20: Our values guide our business approach
Our values guide our business approach focused on our mission to put the consumer at the heart of everything we do For personal use only VISION To be the first choice for every occasion PURPOSE Make the world a smaller place through sharing good times MISSION We put the consumer at the heart of ever
Slide 21: Strategic plan positions us well for growth
Strategic plan positions us well for growth… For personal use only Consumers and Markets and People Sustainability Return on Assets Brands Customers Investing in pillar Significantly improved Despite the pandemic Carbon footprint audit Leveraging our world brands our business in staff engagement has
Slide 22: All FY21 key balance scorecard metrics improving significantly
… With all FY21 key balance scorecard metrics improving significantly For personal use only Consumers and Markets and People Sustainability Return on Assets Brands Customers Pillar Brand Sales Outgrowing the market in Staff Engagement Wine Processing NOPAT key geographies Renewables $195.1m $19.6m X
Slide 23: Strong financial performance
Strong financial performance Total Revenue EBIT Net Profit After Tax For personal use only $274.0m $30.4m $19.6m Other Pillar Brands 300 40 20 250 30 15 200 150 20 10 100 65% 71% 58% 60% 10 5 50 56% 0 0 0 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Operating Cash Flow
Slide 24: FY21 Performance by Segment
FY21 Performance by Segment Australasia/North America • 48% EBIT increase to $9.0 million • McGuigan brand grew 3% due mainly to performance of McGuigan Zero For personal use only • Tempus Two brand sales up 15%, Nepenthe up 8% and BVWC up 19% • Australian Division EBIT up 33% to $6.5 million • Dire
Slide 25: Outlook
Outlook • Forecast pillar brand sales, margins and market share to be up, confirming strategies are right. For personal use only • Year to date AVG is outperforming competitors and growing share. • Logistic costs estimated at $4.5M above prior year. • Assuming no material change in foreign exchange
Slide 26: Financial Position
For personal use only FINANCIAL POSITION
Slide 27: Improving Financial Position
Improving Financial Position For personal use only Cash Flow from Operating Activities Net Debt ($M) Return on Capital Employed (%) (ROCE) ($M) 110 101.4 8.00% 7.50% 50 100 45 45 90 82.8 40 80 77.2 6.00% 72.4 35 70 67.3 4.40% 4.30% 4.30% 4.50% 30 26.7 60 23.6 4.00% 25 22.3 50 42.8 3.00% 20 40 14 2.0
Slide 28: Formal Proceedings
For personal use only Formal Proceedings 19
Slide 29: Accounts
Accounts For personal use only To consider and receive the Financial Report, the Directors’ Report and the Auditor’s Report of the Company for the year ended 30 June 2021 20
Slide 30: Resolution: Election of Director – Naseema Sparks, AM
Resolution 1 For personal use only Election of Director – Naseema Sparks, AM To consider and if thought fit, pass the following resolution as an ordinary resolution: “That Naseema Sparks is re-elected as a non- executive director of the Company.” 21
Slide 31: Resolution: Election of Director – John Davies
Resolution 2 For personal use only Election of Director – John Davies To consider and if thought fit, pass the following resolution as an ordinary resolution: “That John Davies is re-elected as a non-executive director of the Company” 22
Slide 32: Resolution: Adoption of Remuneration Report
Resolution 3 For personal use only Adoption of Remuneration Report To consider and, if thought fit, pass the following resolution as an ordinary resolution: “That the Remuneration Report of the Company for the year ended 30 June 2021 be adopted” 23
Slide 33: Shareholder Questions
For personal use only Shareholder Questions 24
Slide 34: Close of Voting
For personal use only Close of Voting 25
Slide 35: Thank You
For personal use only Thank You 26
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