2021 HALF-YEAR RESULTS PRESENTATION

6 MONTHS ENDED 31 MARCH 2021

Stock Spirits Group PLC | 2021 Half-Year Presentation

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Stock Spirits Group PLC | 2021 Half-Year Presentation

Business review

Financial results

Mirek Stachowicz (CEO)

Paul Bal (CFO)

Concluding remarks

Mirek Stachowicz (CEO)

Q&A

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01

BUSINESS REVIEW: MIREK STACHOWICZ

Chief Executive Officer

Stock Spirits Group PLC | 2021 Half-Year Presentation

ONGOING RESILIENCE

SOLID FINANCIAL PERFORMANCE DESPITE ON-TRADE CLOSURES:

Constant currency:

  • Revenue +0.3%
  • Adjusted EBITDA +1.7%

Adjusted EBITDA margin 24.3%, +20bps vs last HY

Basic EPS +90.4%

GOOD PERFORMANCE FROM 2019 ACQUISITIONS & OTHER MARKETS:

Contribution from Distillerie Franciacorta up significantly despite COVID challenges

Bartida continues to perform well despite on-trade closure

Improved delivery in Slovakia, and continued growth in Germany

RESILIENCE AGAINST A CHALLENGING BACKDROP:

Our markets were more impacted by recent lockdowns

Delivery in line with last year's strong performance, despite closure of on- trade

Continued momentum from NPDs and off-trade focus

STRONG CASH GENERATION1 DESPITE COVID-19:

84.9% cash conversion (HY20 58.9%)

Leverage: 0.55x (as at 31 March 2021)

Refinancing completed ahead of schedule

GAINING MARKET SHARE IN CORE MARKETS:

Poland 5-year value market share high

Too early to assess small format tax longer term impact in Poland

Czech growth in market share despite lockdown and "copy-cat" competition

Italian brands growing share across all categories

INTERIM DIVIDEND & OUTLOOK:

Interim dividend of 2.98 € cents per share, +7.6% on last half year dividend

Committed to M&A strategy

Confirming our continued confidence in the business model and the future

Note: 1. Cash conversion is adjusted free cash flow as a % of adjusted EBITDA. Leverage is the ratio of net debt: adjusted EBITDA, including IFRS 16 adjustments

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Stock Spirits Group plc published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 08:07:00 UTC.