Investor Presentaiton
Treasury Premium Brands
Focused on delivering margin accretive growth, led by the Premium portfolio
Evolution of TPB division volume and portfolio premiumisation
Vision
3
TREASURY
PREMIUM BRANDS
To bring the pleasure of
premium wine to more people
on more occasions
48%
52%
58%
61%
Three-year
volume CAGR
Priority Premium
portfolio²:
+25%
18.4
17.8
16.0
14.3
Commercial
portfolio:
-14%
F20
F21
F22
F23
Volume (m 9le)
Luxury & Premium % NSR
Growth
drivers
•
Take priority brands global and
accelerate growth in new
markets and channels
Drive category leading innovation
Optimise cost base
F23 portfolio composition and long-term outlook
NSR
7%
39%
Target EBITS
Mid-teens (revised)1
margin
11
=
2.
12
Target EBITS margin has been revised from previous 'high teens' ambition
Includes 19 Crimes, Squealing Pig, Pepperjack, St Huberts The Stag and T'Gallant
•
Volume
■ Premium
Commercial
•
Portfolio mix expected to strengthen
over time, reflecting the focus on
delivering top-line growth for the
priority Premium brand portfolio
Commercial portfolio volumes are
expected to continue their decline, in
line with general segment trends
42%
57%
■Luxury
54%
TWEView entire presentation