Investor Presentaiton
23
Penfolds
The strong momentum in building distribution and growing consumer demand continues, globally
Performance summary'
⚫ EBITS increased 15.5% and EBITS margin increased 0.7 ppts to
Reported Currency
Constant Currency
A$m
F23
F22
%
F22
%
•
Volume (m 9Le)
2.3
2.2
7.1%
2.2
7.1%
NSR
819.7
717.3
14.3%
720.2
13.8%
ANZ
235.9
199.2
18.4%
199.1
18.5%
Asia
467.4
407.2
14.8%
407.0
14.8%
Americas
51.5
54.3
(5.2)%
58.7
(12.4)%
EMEA
65.0
56.6
14.9%
55.3
17.4%
NSR per case (A$)
354.4
332.2
6.7%
333.5
6.3%
EBITS (A$m)
364.7
319.3
14.2%
315.7
15.5%
EBITS margin (%)
44.5%
44.5%
(0.0)ppts 43.8%
0.7ppts
F23 Luxury and Premium contribution to division NSR
100% Unchanged
•
44.5%:
- Volume and NSR increased 7.1% and 13.8% respectively
driven by continued strong momentum in Asia, EMEA and
Australia, the successful launch of One by Penfolds and
growth in the multi-COO portfolio
NSR per case increased 6.3%, reflecting improved mix and
price increases on Luxury Cabernet Bins
Trends for distribution and volume growth are expected to
remain consistent across Penfolds priority growth markets in
F24, with EBITS margin expected to remain stable
• TWE notes the continued improvement in Australian and
Chinese relations, which may have the potential for a future
review of tariffs on Australian wine. In light of this, Penfolds will
take a measured approach to phasing of shipments across
all markets in order to retain the flexibility of its global
distribution and pricing model, which is planned to result in
EBITS being weighted to the second half in F24
1. Unless otherwise stated, all figures and percentage movements are stated on a constant currency basis versus the prior corresponding period and are subject to rounding
TWEView entire presentation