Viva Wine Group AB · OMXSTO:VIVA
Viva Wine Group AB — Q2 2022 Earnings Presentation
23 slides from Viva Wine Group AB's earnings presentation, Aug 1, 2022
Slide 1: Q2 2022 Quarterly Results
Q2 2022 V I VA W I N E G R O U P Quarterly Results
Slide 2: Agenda
AGENDA 1 Introduction to Viva Wine Group 3-5 2 Quarterly Update 6-8 3 Financial Overview 9-16 4 Sustainability Update 17-18 5 Final Comments & Our Agenda Ahead 19-21 6 Q&A 22
Slide 3: Viva Wine Group
2. 5 ° i= 1) ® = = o Z >
Slide 4: Countries Operating companies
8 Countries 25 Entrepreneurs 10 Operating companies Three strong, Strong portfolio of own Pioneer and industry The Nordic growing segments, brands, partner brands leader in sustainability leader in wine, in the stable share of net sales 1) and exclusive brands 3) monopoly markets 2) Sweden Member of
Slide 5: Operating Companies
Operating Companies TRYFFELSVINET AxXweinfiirst
Slide 6: Quarterly Update
Quarterly Update
Slide 7: Strong acquisition-driven growth and stable Nordic markets
Strong acquisition-driven growth and stable Nordic markets • Net sales increased by 27,8% in Q2 to 999 (782) SEKm. Sales boosted by acquired businesses Vicampo and Norwegian Beverage Group (NBG). • Increasing market share in Sweden and the Nordics. Volumes stronger than underlying market. • Overall
Slide 8: Company News
Company News • Christian Fricke, Managing Director of Viva eCOM joined the Group Management Team 1 April. • Lars Ljungälv, CEO at Bergendahls was elected member of the Board 20 May. • Viva Wine Group was included in the MSCI Global Micro Cap Index from 31 May. Christian Fricke Lars Ljungälv 8
Slide 9: Financial Overview
Financial Overview
Slide 10: Strong growth of net sales and gross margin
Strong growth of net sales and gross margin Net sales, SEKm Gross margin, % Adjusted EBITA, SEKm Adjusted EBITA margin 1 870 200 191 16,0% 23,4% 24,2% 1 469 21,2% 157 14,0% 20,9% 150 10,1% 10,2% 12,0% 9,6% 999 10,0% 96 10,7% 782 100 79 8,0% 6,0% 50 4,0% 2,0% 0 0,0% 2022 2021 2022 2021 2022 2021 2022
Slide 11: Strong growth of Net Sales and adjusted EBITA
Strong growth of Net Sales and adjusted EBITA Net Sales per segment 2021 Q2 vs 2022 Q2, SEKm Adjusted EBITA per segment 2021 Q2 vs 2022 Q2, SEKm 11
Slide 12: Net working capital - positive trend to Net Sales
Net working capital - positive trend to Net Sales Net Working Capital, SEKm Net Debt, SEKm Net debt Net debt to EBITDA R12 696 Net Working Capital NWC/Net Sales * 12,8% 11,8% 545 10,9% 9,7% 434 375 336 299 176 133 1.0x 1.1x 0,9x 0.4x Year Year Year YTD Jun Year Year Year YTD Jun 2019 2020 2021 2022
Slide 13: Strong Cash Flow from Operating activities
Strong Cash Flow from Operating activities Cash Flow, SEKm Comments Strong Cash Flow from Operating activities mainly from Profit after financial items. Vinklubben was acquired in April with a cashflow effect of -119 SEKm. Repayment of loans to credit institutions by 43 SEKm effect the cash flow fro
Slide 14: Segment Sweden
Segment Sweden Net Sales, SEKm Adjusted EBITA, SEKm Selection of key product launches Adjusted EBITA margin 140 129 14,0% 1 153 1 163 120 110 11,1% 10,3% 12,0% 100 9,5% 10,0% 8,1% 80 639 626 65 8,0% 60 52 6,0% 40 4,0% 20 2,0% 0 0,0% 2022 2021 2022 2021 2022 2021 2022 2021 QTD Q2 QTD Q2 YTD Jun YTD J
Slide 15: Segment Nordics
Segment Nordics Net Sales, SEKm Adjusted EBITA, SEKm Selection of key product launches Adjusted EBITA margin 50 20,0% 310 45 45 18,0% 15,5% 40 14,7% 16,0% 35 14,0% 30 26 9,6% 10,2% 12,0% 167 168 25 10,0% 20 17 8,0% 91 15 6,0% 10 9 4,0% 5 2,0% 0 0,0% 2022 2021 2022 2021 2022 2021 2022 2021 QTD Q2 QTD
Slide 16: Segment Viva eCOM
Segment Viva eCOM Net Sales, SEKm Adjusted EBITA, SEKm Highlights and KPIs Adjusted EBITA margin 40 37 15,0% 394 35 • New market entry: Weinfürst live in Austria! 9,1% 9,4% 30 10,0% 25 • Average order value increased in all 20 17 5,0% segments during the quarter. 189 15 10 -3,4% -3,1% 0,0% • Integra
Slide 17: Sustainability
Sustainability
Slide 18: Sustainability update
Sustainability update Viva Wine Group outperforming peers in climate efficiency! Swedish Drinks Business Climate Initiative • Viva Wine Group’s Swedish affiliates founding members and proud partners • Measures CO2 emissions from scope 1, 2 and 3 (transports and packaging, but not farming) • Industry
Slide 19: Final comments
Final comments
Slide 20: Financial targets
Financial targets Growth target • Sweden and the Nordic segment: an average annual organic growth rate at a minimum of 4% in the medium term • E-commerce segment: an average annual organic growth rate of 10-15% in the medium term • Viva Wine Group intends to grow through acquisitions Profitability t
Slide 21: On our agenda
On our agenda Maintaining our course… • Focus on pricing and margins • Product development • Realizing synergies across all Business Segments • M&A
Slide 22: Q&A
Q&A
Slide 23: [email protected] +46 8 21 83 88 vivagroup.se
[email protected] +46 8 21 83 88 vivagroup.se Viva Wine Group | Blasieholmsgatan 4A | Stockholm | Sweden