Investor Presentaiton
Capital expenditure
-
-
Capital expenditure (capex) $141.2m in F23:
Maintenance & replacement capex of $102.1m,
includes step-up in sustainability investment with
significant implementation of solar technology in
Australia and California
Acquisition of previously leased vineyard in the US
of $25.4m
- Growth capex of $13.7m, including investment in
low/no alcohol wine production technology and
expansion of operations in France
Ongoing expectation for maintenance and
replacement capex of approximately $100m
A$m
F23
F22
•
Wine making equipment and facilities
31.0
24.0
Vineyard redevelopments
22.4
22.4
Sustainability
21.1
4.9
Technology
12.0
10.4
Oak purchases
7.6
3.6
Other capex
8.0
5.3
Maintenance and replacement capex
102.1
70.6
Vineyard purchase'
25.4
-
Growth capex
13.7
41.6
•
Capex
141.2
112.2
Net lease liability movement
(16.1)
8.7
20
20
1. Net of proceeds from the disposal of lease assets: F23 $107.9m, F22 $nil.
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