Company Announcements
Australian Securities Exchange
9 June 2022
Bell Potter Home Grown Conference Presentation
Chief Executive Officer, Craig Garvin and Chief Financial Officer of Australian Vintage Limited (ASX:AVG), Adam Rigano, will today provide an address at the Bell Potter Home Grown Conference. Enclosed are the presentation materials.
ENDS
Further information
Craig Garvin | Adam Rigano |
Chief Executive Officer | Chief Financial Officer |
02 8345 6377 | 08 8172 8333 |
Australian Vintage Ltd
ABN 78 052 179 932
275 Sir Donald Bradman Drive, Cowandilla SA 5033 Australia
www.australianvintage.com.au
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'Home Grown'
Bell Potter Presentation
9 June 2022
Presenters: Mr Craig Garvin, CEO & Mr Adam Rigano, CFO
Disclaimer
The presentation has been prepared by Australian Vintage Limited (ACN 052 179 932) ("AVG") (including its subsidiaries, affiliates and associated companies) and provides general background information about AVG's activities as at the date of this presentation. The information does not purport to be complete, is given in summary and may change without notice.
This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate. The presentation does not constitute or form part of an offer to buy or sell AVG securities.
This presentation contains forward looking statements, including statements of current intention, statements of opinion and predictions as to possible future events. Such statements are not statements of fact and there can be no certainty of outcome in relation to the matters to which the statements relate. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other important factors that could cause the actual outcomes to be materially different from the events or results expressed or implied by such statements. Those risks, uncertainties, assumptions and other important factors are not all within the control of AVG and cannot be predicted by AVG and include changes in circumstances or events that may cause objectives to change as well as risks, circumstances and events specific to the industry, countries and markets in which AVG operate. They also include general economic conditions, exchange rates,
interest rates, the regulatory environment, competitive pressures, selling price, market demand and conditions in the financial markets which may cause objectives to change or may cause outcomes not to be realised.
None of AVG (and their respective officers, employees or agents) (the Relevant Persons) makes any representation, assurance or guarantee as to the accuracy or likelihood of fulfilment of any forward-looking statement or any outcomes expressed or implied in any forward-looking statements. The forward-looking statements in this presentation reflect views held only at the date of this presentation. Except as required by applicable law or the ASX Listing Rules, the Relevant Persons disclaim any obligation or undertaking to publicly update any forward-looking statements, whether as a result of new information or future events. Statements about past performance are not necessarily indicative of future performance.
Certain jurisdictions may restrict the release, publication or distribution of this presentation. Persons in such jurisdictions should observe such restrictions. To the extent permitted by law the Relevant Persons do not accept liability for any use of this presentation, its contents or anything arising in connection thereto including any liability arising from the fault or negligence none of the Relevant Persons.
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Overview
- 101,580 tonnes of grapes crushed in Vintage 2022, and supply in balance with demand
- Strategic plan well on track as a consumer led branded business
- Pillar Brand sales revenue expected to be a higher percentage of sales. McGuigan Zero 75% higher in sales than prior year
- Australia/New Zealand retail sales to the end of March 6% higher than prior year, with Pillar Brand sales 8% higher
- We have gained share in all key markets
- Despite a tough UK market, we continue to outperform, growing share, against a backdrop of significant global freight disruption and a total market disrupted in H1 by labour and driver shortages
- Asia sales are up 12% on the prior year driven by accessing new markets in Taiwan, Malaysia and Singapore
- North America sales are up 13% on the prior year with strong growth in Canada
- Cash Flow from operating activities on track to generate a positive full year contribution that is within 10% of the previously advised outlook of around $20 million
- Underlying EBITS, excluding FX movements, SGARA, and one-offnon-recurring items forecast to be higher than prior year.
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Australian Vintage is the 4th largestwine companyin Australia, who pridesitself on innovation to keep the consumer at the heart of everything we do
Our Vision | Tobe thefirstchoice foreveryoccasion |
Our Purpose | Makethe worlda smaller place throughsharing good times |
Our Mission | We puttheconsumerat the heartofeverything we do |
Our Values
W I N E
Working | Innovative | Nimble& | Empowered | |||
Collaboratively | Responsive | |||||
Our Behaviours | Integrity | Respect | Courage | Collaboration | Resilience | Trust |
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Australian Vintage Limited published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 00:01:02 UTC.