Investor Presentaiton
Treasury Americas
Positive Luxury execution in a year of constrained availability, laying the platform for growth from F25
Performance summary¹
Reported Currency
Constant Currency
A$m
F23
F22
%
F22
%
Volume (m 9Le)
5.5
7.3
(25.4)% 7.3
(25.4)%
% Organic²
(25.4)%
⚫ EBITS declined 0.3% and EBITS margin improved 4.5ppts to
24.8%; on an organic basis EBITS declined 10.3%:
1
NSR
820.8
929.6
(11.7)% 1,005.8
(18.4)%
(23.1)%
820.8
929.6
(11.7)%
1,005.8
(18.4)%
(23.1)%
ANZ
Asia
Americas
EMEA
NSR per case (A$)
150.0
126.7
18.4%
137.1
9.4%
3.1%
EBITS
203.9
178.9
14.0%
204.5 (0.3)%
EBITS margin (%)
24.8%
19.2%
5.6ppts 20.3% 4.5ppts
(10.3)%
3.2ppts
F23 Luxury and Premium contribution to division NSR
94%
1ppts vs. pcp
Volume and NSR declined 25.4% and 18.4% respectively,
driven by Premium portfolio declines
- NSR per case increased 9.4%, reflecting the portfolio mix
shift towards Luxury and double-digit price increases
across several brands
Excluding NPD, depletions exceeded shipments by
approximately 0.6m cases with increased focus on
inventory management by distributors and retailers.
• F24 Premium portfolio performance will be supported by the
new brand platform for the 19 Crimes Classics tier and
continued innovation for 19 Crimes and Matua
.
Availability of key Luxury portfolio brands will remain relatively
constrained in F24, albeit delivering growth, ahead of a return
to normalised availability in F25
• F24 EBITS margin expected to be delivered in the range of 22-
23%, reflecting higher COGS and increased brand investment
1.
2.
26
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
On a constant currency basis, excluding the contribution of divested and acquired portfolio brands in Treasury Americas. Refer to Supplementary Information for details
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