Australian Vintage Ltd · ASX:AVG
Australian Vintage — H1 FY2021 Earnings Presentation
12 slides from Australian Vintage's earnings presentation, Feb 24, 2021
Slide 1: December 2020 Half Year Results
December 2020 Half Year Results 24th February 2021
Slide 2: Disclaimer
Disclaimer The presentation has been prepared by Australian Vintage Limited (ACN markets in which AVG operate. They also include general economic 052 179 932) (“AVG”) (including its subsidiaries, affiliates and associated conditions, exchange rates, interest rates, the regulatory environment, compan
Slide 3: Key financial highlights
Key Points Business Results & Summary Outlook Key financial highlights • Net Profit after tax (NPAT) up 127% to $13.3 million; • EBIT (Earnings before tax and interest) up 105% to $20.4 million; • EBITS (Earnings before tax, interest and SGARA) up 73% to $20.3 million; • Total Revenue up $10.7 milli
Slide 4: Results & Summary: Overview
Key Points Business Results & Summary Outlook Business Results & Summary 1. Overview The result was very pleasing with continued growth in our portfolio of key brands. During the 6 month period our pillar brands of McGuigan, Tempus Two, Nepenthe and BVWC grew by 20%. This growth, together with the e
Slide 5: Results & Summary (cont.): Segment Information
Key Points Business Results & Summary Outlook Business Results & Summary (cont.) 2. Segment Information Effective from 1 July 2020, Australian Vintage Ltd has amended the structure of the Group’s operating segments. The underlying operations of the Company remain the same and the changes are due to
Slide 6: Results & Summary (cont.): Australasia / North America Packaged
Key Points Business Results & Summary Outlook Business Results & Summary (cont.) 3. Australasia / North America Packaged The Australian and New Zealand segment has performed very well with Sales ($000) EBIT ($000) contribution up 90% to $7.5 million. The McGuigan brand has grown by 6 months 6 months
Slide 7: Results & Summary (cont.): UK / Europe
Key Points Business Results & Summary Outlook Business Results & Summary (cont.) 4. UK / Europe The UK, Europe and Americas segment has also performed exceptionally well with contribution up 76% to $10.7 million. This is despite a $1.0 million negative impact due Sales ($000) EBIT ($000) to the unfa
Slide 8: Results & Summary (cont.): Asian Segment and Vineyards
Key Points Business Results & Summary Outlook Business Results & Summary (cont.) 5. Asian Segment 6. Vineyards Overall, we had minimal exposure to the China slow down. The EBIT up $1.9 million due to SGARA (Self Generating and Asian segment sales reduced by 30% due to the increased tariff on Regener
Slide 9: Bulk and Processing, Capital Expenditure, Interest and Financial Position
Key Points Business Results & Summary Outlook Business Results & Summary (cont.) 7. Australasia / North America Bulk and Processing Australasia/North America Bulk segment EBIT improved by $1.2 million due to the removal of loss-making bulk wine sales and the improved performance of the Austflavor bu
Slide 10: Results Summary – Revenue
Key Points Business Results & Summary Outlook Results Summary – Revenue 6 Months to Change December 2020 December 2019 $000 $000 $000 % Australia / New Zealand 56,082 50,878 5,204 10 UK / Europe / Americas 78,914 69,214 9,700 14 Asia 3,280 4,691 (1,411) (30) Australasia / North America bulk & proces
Slide 11: Results Summary – Profit
Key Points Business Results & Summary Outlook Results Summary – Profit 6 Months to Change December 2020 December 2019 $’000 $'000 $’000 % Australia / New Zealand 7,483 3,935 3,548 90 UK / Europe / Americas 10,723 6,080 4,643 76 Asia 98 158 (60) (38) Australasia / North America bulk and processing 2,
Slide 12: Outlook
Key Points Business Results & Summary Outlook Outlook The result for the 6 months to December 2020 is in line with the strategic plan as we leverage the past investments. As we invest in our key brands and people capability, we not only grow sales, but improve the mix of sales and drive an improved