AdVini : Press release on 2024 annual results

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PRESS RELEASE April 2, 2024 2024 ANNUAL RESULTS AdVini confirms its recovery and increases market share abroad Change 2023 2024 2024 / * Waiver currently being formalized 2023 Revenue 286.8 277.6 -9.3 Gross margin 101.8 99.9 -1.9 Gross margin (as a % of revenue) 35.5% 36.0% +0.5 pt Recurring EBITDA 14.5 18.4 +3.9 Recurring EBITDA (as a % of revenue) 5.1% 6.6% +1.6 pts Non-recurring operating income and expense -4.2 3.4 +7.5 Depreciation, amortization and provisions -16.5 -12.7 +3.8 Net financial income -8.2 -9.9 -1.7 Net income -14.0 0.3 +14.3 Net financial liabilities 173.7 157.6 -16.1 Gearing (%) 219% 210% AdVini posted million in 2024 (down 3.2% like-for-like in terms of scope and exchange rates). Revenue from brands grew by 3.8% while revenue from private label wines fell by -7%. Overall, 2024 was marked by an 7.6% decline in retail activity in France. Exports, however (excluding EDMP), grew by 6% for AdVini wines, despite a drop (-1%) in the off-trade market. AdVini consequently gained market share in several countries including Canada, the USA and in Asia (excluding China), and on export markets in general . An ongoing policy to support our high-priority estate brands yielded excellent results in South Africa (+13%) and for Laroche (+12%), Champy, Ogier and Oratoire des Papes (+8%) . ADVINI - FRANCE T +33 (0)4 67 88 80 00 - F +33 (0)4 67 96 65 67 RCS B896 520 038 - VAT FR 95 896 520 038 - - 1 - ADVINI.COM F INANCIAL RESULTS AND PARAMETERS Further pass-through of cost increases and an enriched network and product mix improved gross margin, which reached 36% , despite private label destocking and the impact of a 2024 harvest far inferior to previous years in the Bordeaux, Bourgogne and Roussillon regions. AdVini also endeavored to contain personnel expenses while also reducing external costs This brought recurring EBITDA to 18.4 million and from 2023. rise in interest rates and despite debt reduction. In comparison, financial expenses represented As a result, 0.3 in Net liabilities (excluding IFRS liabilities) decreased by , Operating cash flow Free cash flow maintained growth of 28.4 million up from 2023 thanks to efforts made on stocks (down and O UTLOOK FOR 2025 With 2023 firmly relegated to the past in 2024, AdVini resumes its expansion efforts in 2025 with a focus on its estate brands on the most profitable markets. A long-term growth policy driven by our ESG vision , the increasingly renowned quality of our teams, wines and vineyards and our leading position in many winegrowing countries and regions provide a solid foundation on which to secure new targeted market share in an uncertain, volatile global climate. *ESG: Environmental, social and governance policy - 2 - ADVINI - FRANCE T +33 (0)4 67 88 80 00 - F +33 (0)4 67 96 65 67 ADVINI.COM RCS B896 520 038 - VAT FR 95 896 520 038 - Next announcement: a press release on 2025 first-half revenue will be published on July 24, 2025 at the market close. A BOUT A D V INI F OR MORE INFORMATION , CONTACT AdVini Vincent Palmier 04.67.88.80.00 [email protected] ADVINI - FRANCE T +33 (0)4 67 88 80 00 - F +33 (0)4 67 96 65 67 RCS B896 520 038 - VAT FR 95 896 520 038 - - 3 - ADVINI.COM

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