DGL 2021 Annual Meeting of Shareholders Presentation

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ANNUAL
MEETING
7 December 2021

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HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (Q&A)
Shareholder & Proxyholder Q&A Participation
Written Questions:Questions may be submitted
ahead of the meeting. If you have a question to
submit during the live meeting, please select the
Q&A tab on the right half of your screen at
anytime. Type your question into the field and press
submit. Your question will be immediately
submitted.
Help:The Q&A tab can also be used for immediate
help. If you need assistance, please submit your
query in the same manner as typing a question and
a Computershare representative will respond to
you directly.

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HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (VOTING)
Shareholder & Proxyholder Voting
Once the voting has been opened, the resolutions and voting
options will allow voting.
To vote, simply click on the Vote tab, and select your voting
direction from the options shown on the screen. You can vote
for all resolutions at once or by each resolution.
Your vote has been cast when the tick appears. To change
your vote, select ‘Change Your Vote’.

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WELCOME
•Jim Delegat –Executive Chairman
•Graeme Lord –Acting Managing Director
•Rose Delegat
•Dr. Alan Jackson
•Phillipa Muir
•Murray Annabell–Chief Financial Officer

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AGENDA
•Executive Chairman’s address
•Managing Director’s address
•Shareholder questions and discussion
•Voting on resolutions of the meeting
•General business
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EXECUTIVE CHAIRMAN’S ADDRESS –JIM DELEGAT
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FY2021 –A CHALLENGING BUT
SUCCESSFUL YEAR
•Case sales of 3,178,000, down 3%.
•North America 3% case sales growth.
•Record operating NPAT of $65.5 million,
up 8%.
•Strong cash flows from operations of $74.7
million.
•13.8% Operating Return on Capital
Employed.

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INVESTING FOR GROWTH
•$62.2 million of capital expenditure invested in FY2021.
•$29.7 million of capital expenditure planned in FY2022.
•Vineyard development in New Zealand.
•Marlborough and Hawke’s Bay winery expansion.
•This capital investment supports the Group’s plan to grow sales by more than 798,000 cases to 3,976,000
cases by FY2024.

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Awatere Valley, Marlborough
VINEYARD DEVELOPMENT

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FUNDING GROWTH
•Funding growth through retained earnings and bank debt.
•Strong balance sheet.
•Shareholders’ equity $454.4 million.
•Net bank debt $249.1 million.
•Undrawn syndicated bank facilities $80.9 million.

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DIRECTORS
•Appointment –Steven Carden
Managing Director
•Appointment –Dr Alan Jackson
Independent Chairman

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ANOTHER YEAR OF STRONG
PERFORMANCE ON OUR JOURNEY TO
BUILD A LEADING GLOBAL
SUPER PREMIUM WINE COMPANY.
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ACTING MANAGING DIRECTOR’S ADDRESS –GRAEME LORD
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FY2021 –GLOBAL SALES PERFORMANCE
•North America 1,487,000 cases, up 3%.
•United Kingdom, Ireland and Europe
1,074,000 cases.
•Australia, New Zealand, Asia Pacific 618,000
cases.
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FY2021 –GLOBAL SALES PERFORMANCE
•North America 1,487,000 cases, up 3%.
•United Kingdom, Ireland and Europe
1,074,000 cases.
•Australia, New Zealand, Asia Pacific 618,000
cases.
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FY2021 –GLOBAL SALES PERFORMANCE
•North America 1,487,000 cases, up 3%.
•United Kingdom, Ireland and Europe
1,074,000 cases.
•Australia, New Zealand, Asia Pacific 618,000
cases.
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FY2021 –GLOBAL SALES PERFORMANCE
•North America 1,487,000 cases, up 3%.
•United Kingdom, Ireland and Europe
1,074,000 cases.
•Australia, New Zealand, Asia Pacific 618,000
cases.
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DELEGAT GROUP 2021 VINTAGE
•Group harvest 37,470 tonnes, down 2% from the 2020 vintage
•Exceptional quality in all regions delivering highly expressive wines
•Appropriate inventories in place to achieve forecast sales plans
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SALES GROWTH FY2022 –FY2024
Delegat Group Planned Sales Volume
(Thousands of 9 Litrecases)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
FY2021 ActualFY2022 ForecastFY2023 ProjectionFY2024 Projection

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FORECAST FY2022
•On track to achieve full year sales growth to 3.4
million cases.
•Full year operating NPAT forecast to be in the
range of $57 million to $61 million.

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HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (VOTING)
Shareholder & Proxyholder Voting
Once the voting has been opened, the resolutions and voting
options will allow voting.
To vote, simply click on the Vote tab, and select your voting
direction from the options shown on the screen. You can vote
for all resolutions at once or by each resolution.
Your vote has been cast when the tick appears. To change
your vote, select ‘Change Your Vote’.

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ANNUAL
MEETING
7 December 2021