Australian Vintage Ltd · ASX:AVG
Australian Vintage — FY2016 Earnings Presentation
20 slides from Australian Vintage's earnings presentation, Aug 24, 2016
Slide 1: June 2016 Full Year Results
Australian Vintage Ltd. June 2016 Full Year Results 24th August 2016 For personal use only Key Branded sales grow by 20%, Revenue up $11.8 million
Slide 2: Disclaimer
Australian Vintage Ltd. June 2016 Full Year Results For personal use only Disclaimer The presentation has been prepared by Australian Vintage Limited the industry, countries and markets in which AVG operate. They also (ACN 052 179 932) (“AVG”) (including its subsidiaries, affiliates and include gene
Slide 3: Highlights
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Highlights For personal use only • Net profit after tax and before one off items $7.2 million compared to $7.1 million prior year • One off cost of $9.2 million (after tax) to exit onerous vine
Slide 4: Highlights (cont.)
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Highlights (cont.) For personal use only • Total revenue increased by $11.8 million to $242.7 million with UK/Europe sales up $4.5 million and Australasia/North America packaged sales up $7.6 m
Slide 5: Australian Wine Industry
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Australian Wine Industry For personal use only In the 12 months to June 2016 the value of Australian wine exports increased by 11% to $2.1 billion and volume increased by 0.5% to 728 million li
Slide 6: Australian Wine Industry (cont.)
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Australian Wine Industry (cont.) For personal use only The 2016 vintage crush was 1.8 million tonnes, a 6% increase on last year’s crush (WFA Vintage Report July 2016). This is approximately 10
Slide 7: Business Results & Summary: Branded Sales
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Business Results & Summary For personal use only 1. Branded Sales During the twelve month period to Sales of our three key brands have June 2016, total sales of the increased by 97% over the la
Slide 8: Australasia / North America Packaged
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts For personal use only 2. Australasia / North America Packaged Sales increased by $7.6 million to $106.7 million due mainly to increased sales of the McGuigan brand (up 21%) partially offset by
Slide 9: UK / Europe
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts For personal use only 3. UK / Europe Sales increased by 5% to $102.5 million due to the increased sales of the McGuigan brand (up 20%) partially offset by sales of lower margin bulk wine. Sales
Slide 10: Other Segments and Financial Position
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts For personal use only 4. Other Segments The cellar door contribution continues to grow with contribution up 10% to $1.6 million due to increased club and digital sales. Vineyard contribution is
Slide 11: Future Net Benefit – One off Costs
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Future Net Benefit – One off Costs For personal use only Vineyard Lease Termination In November 2015 Australian Vintage Limited served notice on Belvino Investments to terminate the lease of th
Slide 12: Results Summary ($'000)
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Results Summary ($’000) For personal use only Change FY16 FY15 $’000 % Australasia / North America packaged 106,672 99,026 7,646 8 UK / Europe (see note) 102,506 98,000 4,506 5 Cellar Door 8,18
Slide 13: Results Summary ($'000)
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Results Summary ($’000) For personal use only 12 months to Change 30/06/16 30/06/15 $’000 % Australasia / North America Packaged 6,208 7,194 (986) (14) UK / Europe 4,965 4,457 508 11 Cellar Doo
Slide 14: Outlook
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Outlook For personal use only Australian Vintage continues to transition the business from a bulk One of the biggest challenges we have faced over the last ten years has wine producer to a qual
Slide 15: Outlook (cont.)
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Outlook (cont.) For personal use only As part of our growing confidence in the medium to long term outlook of Australian Vintage, the board has agreed to reintroduce the dividend. A fully frank
Slide 16: Wine Show Results
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Wine Show Results / Key Brand Facts For personal use only • McGuigan Wines has been crowned • McGuigan Wines was further recognised as International Winemaker of the Year three a world-class wi
Slide 17: Wine Show Results
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Wine Show Results / Key Brand Facts For personal use only • McGuigan is the fastest growing Australian brand in the top 10 in Australia, up 45% in value, 56% in volume. (Aztec MAT10/04/16) • Mc
Slide 18: Building Brand above Black Label
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Wine Show Results / Key Brand Facts For personal use only Building Brand above Black Label: Securing the $12.99+ price point in Australia • The McGuigan range in Australia is dominated by Black
Slide 19: Wine Show Results
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Wine Show Results / Key Brand Facts For personal use only • Tempus Two was awarded two top honours at the 2015 Cathay Pacific Hong Kong International Wine & Spirit Competition, winning the trop
Slide 20: Wine Show Results
Highlights Australian Wine Business Results & Summary Outlook Wine Show Results / Industry Key Brand Facts Wine Show Results / Key Brand Facts For personal use only • 4* Winery – James Halliday Australian Wine Companion 2017. Total of 10 wines scored 90+ points including: • 2014 Nepenthe Ithaca Char