DGL 2025 Annual Shareholder Meeting Presentation

ANNUALSHAREHOLDERSMEETING
4 December 2025
1

HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (Q&A)
2
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
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Help: The Q&A tab can also be used
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assistance, please submit your query in
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HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS AND VOTE
3
Shareholder & Proxyholder Voting
Once the votinghas 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.
Your vote has been cast when the tick
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To changeyour vote, select ‘Change Your
Vote’.

WELCOME
•Jim Delegat – Chair
•Murray Annabell – Chief Executive
Officer
•Rose Delegat
•Dr. Alan Jackson
•Gordon MacLeod
•Phillipa Muir
•Doug McKay
•Riki Maden –Chief Financial Officer
4

AGENDA
•Chair’s address
•Chief Executive Officer’s address
•Shareholder questions and discussion
•Voting on resolutions of the meeting
•General business
5

CHAIR’S ADDRESS – JIM DELEGAT
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•Global Case Sales of 3,188,000
Down 426,000 on last year (-12%)
•Revenue of $346.2 million
Down $25.6 millionon last year (-7%)
•Operating EBITDA of $116.5 million
Down $12.0 million on last year (-9%)
•Operating NPAT of $51.1 million
Down $8.6 million on last year (-14%)
•Cash from operations of $105.7 million
Up $48.8 million on last year (+86%)
•Reported NPAT of $49.0 million
Up $17.6 million on last year (+56%)
CREDITABLE FY25 PERFORMANCE
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CHAIR'S ADDRESS –JIM DELEGAT
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CHIEF EXECUTIVE OFFICER’S ADDRESS – MURRAY ANNABELL
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A LONG-TERM GROWTH STORY
Source: Delegatinternal analysis
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0.89 M
1.01 M
1.14 M
1.25 M
1.33 M
1.44 M
1.49 M
1.61 M
1.75 M
1.72 M
1.51 M
0.65 M
0.69 M
0.74 M
0.69 M
0.90 M
1.10 M
1.07 M
1.06 M
1.24 M
1.18 M
1.01 M
0.67 M
0.70 M
0.79 M
0.80 M
0.78 M
0.74 M
0.62 M
0.69 M
0.69 M
0.71 M
0.67 M
2.21 M
2.41 M
2.66 M
2.74 M
3.01 M
3.28 M
3.18 M
3.36 M
3.68 M
3.61 M
3.19 M
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
9Lc (Millions)
Delegat Sales Volume by Region
North AmericaUK, Ireland & EuropeAustralia, NZ & Asia Pacific

OYSTER BAY IS THE LEADING PREMIUM SAUVIGNON BLANC
BRAND IN THE WORLD
EL
NUMBER TWO PREMIUM SAUVIGNON BLANC
IN THE UK
5
Source: 1. IRI National Wine MAT to 13/07/2025, AUD All prices, 2. IRI AZTEC MAT 20/07/2025, NZD 15+, 3. IRI Scans, 52 Weeks Ending 13/07/2025, USD 10+,
4. ACDCanada MAT 30/6/2025. 5. AC Nielsen MAT 12/07/2025, GBP 8+
NUMBER TWO PREMIUM SAUVIGNON BLANC
IN THE USA
3
NUMBER ONE PREMIUM SAUVIGNON BLANC
IN NEW ZEALAND
2
NUMBER ONE WINE IN AUSTRALIA
1
NUMBER TWOPREMIUM
SAUVIGNON BLANC IN CANADA
4
11

OYSTER BAY'S STRENGTH EXTENDS TO OTHER
VARIETALS IN KEY MARKETS
Oyster Bay ranking within NZ Premium Wine category, by variety
Source: US CircanaMAT 13.07.25, , $15-$19.99, ACDCanada MAT 30/6/2025, UK Nielsen L52 wks12.07.25 £8+,ROI Nielsen L52 wks29.06.25 €11.00+,
AU IRI MAT to 13/07/2025, AUD
Sauvignon BlancChardonnayPinot Gris/GrigioMerlotPinot Noir
US
21111
Canada
21111
UK
21311
Ireland
11211
Australia
11213
12

North America remains a significant growth opportunity
for NZ Wine and Oyster Bay
Source: Wine Intelligence, 2024
13
Oyster Bay buyers among Premium Wine Drinkers
Population in millions (Legal DrinkingAge+)
USUKNZTotal
Total Premium
Wine Drinkers
49.9114.33.80.90.672.7
Brand
Awareness
13.75.71.92.20.50.425.1
Brand Buyers2.61.60.50.80.20.16.0

Oyster Bay is the fastest selling brand in US retail
Source: IRI Scans L52wks Ending 2.11.25 Total US –Mulo, Table Wine, 750ml
•Multi-varietal displays,
leveraging off Oyster Bay
Sauvignon Blanc
popularity
•Integrating campaigns
with consumer marketing
program to lift awareness
& affinity
Units/store/week
14
2.32
2.28
1.82
1.65
1.56
1.41
1.31
1.24
0.98
0.93
Oyster
Bay
Kim
Crawford
Kendall-
Jackson
La CremaJ. LohrJosh
Cellars
DecoyMeiomiFrancis
Coppola
Stella
Rosa

2025 HARVEST EXCEPTIONAL
QUALITY
•The 2025 harvest yielded exceptional
quality fruit across all three of our wine
regions.
•The 2025 harvest yield of 47,461 tonnes
was up 39% from last year's harvest.
•Marlborough and Hawke’s Bay
experienced warm weather over
flowering and fruit set, which was
followed by a dry, cooler summer.
•Barossa Valley experienced cooler, wetter
spring growing conditions resulting in a
region-wide reduction in yield.
•Sufficient inventories to support growth.
15

INVESTING FOR GROWTH –CAPITAL EXPENDITURE UDPATE
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A FOCUS ON SUSTAINABILITY AND CLIMATE REPORTING
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DELEGATGREAT WINE PEOPLE REMAIN AT THE
HEARTOF THE COMPANY'S SUCCESS
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OUTLOOK
•Global case salesof 3.3 million cases (up
3% on last year)
•Operating Net Profit after Taxof $50.0
million to $55.0 million
19
FY27 and FY28 Case Sales Outlook
•The primary driver of planned growth is
Oyster Bay sales in North America. The
Group will continue to invest strongly in
that market.
•We will continue exploring opportunities
to improve our price realization across all
markets, helping improve our profitability
margins.
•FY27 case sales outlook of 3.4 million
•FY28 case sales outlook of 3.6 million
•Long term growth story intact,
underpinned by key sales growth in North
America and ongoing investment in brand,
distribution, quality and supply
FY26 Guidance

CHIEF EXECUTIVE OFFICER’S ADDRESS–MURRAY ANNABELL
20

AGENDA
•Chair’saddress
•ManagingDirector’saddress
•Shareholderquestionsand
discussion
•Votingonresolutionsofthe
meeting
•Generalbusiness
21

AGENDA
•Chair’saddress
•Chief Executive Officer’s
address
•Shareholderquestionsand
discussion
•Votingonresolutionsofthe
meeting
•Generalbusiness
22

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’.
23

AGENDA
•Chair’saddress
•ManagingDirector’saddress
•Shareholderquestionsand
discussion
•Votingonresolutionsofthe
meeting
•Generalbusiness
24

25
ANNUAL
MEETING
4 December 2025