Investor Presentaiton
Acquisitions
Business optimisation
1.
2.
16
Material items
TPB operating model and Australian Commercial wine supply chain initiatives the key driver in F23
Material Items
Benefits
Benefits
from
Projected
one-off cost
at inception
Total cost
to date
Recognised
in F23
Status
TPB operating model and Australian
Commercial wine supply chain
Announced 24 May 2023
Enhance operational and strategic flexibility
to enable continued growth of TPB's
Premium and Luxury Portfolio
F24
$(90.0)m'
$(128.1)m
$(128.1)m
To complete
in F24
Divestment of US brands & assets
Announced 17 February 2021
Enable prioritisation of premium focus brand
portfolio as driver of Americas regional
performance
F21
$(100.0)m
$(54.4)m²
$34.2m
Complete
Supply chain restructure
Announced 13 August 2020
Overheads - $35m
Supply Chain - $90m
F21
$(35.0)m
$(43.2)m
$(9.5)m
Complete
F23+
Acquisition of Chateau Lanessan
Announced 18 August 2022
Acquisition of Frank Family
Vineyards
Announced 18 November 2021
Total Material Items (pre-tax)
Total Material Items (post-tax)
Doubles Penfolds sourcing and production
capacity in France
1H23
$(6.0)m
$(5.4)m
$(5.4)m
To complete
in 1H24
Complements the Treasury Americas Luxury
portfolio and supports premiumisation,
growth and margin expansion
1H22
$(18.0)m
$(13.2)m
$(0.4)m
Complete
$(109.2)m
$(76.0)m
Total Material Items cash flow
Program being executed across F23 and F24, includes the expected gain on divestment of Australian Commercial vineyards in F24
Includes the gain on divestment of surplus US supply chain assets in 1H23
$34.5m
TWEView entire presentation