FORWARD-LOOKING STATEMENTS
|
|
- Domenic Pearson
- 5 years ago
- Views:
Transcription
1
2
3 OFFICIAL BUSINESS
4 FORWARD-LOOKING STATEMENTS Today s presentation contains forward-looking statements, including statements concerning possible or assumed future results of operations of Corby Distilleries Limited. Forward-looking statements typically are preceded by, followed by or include the words believes, expects, anticipates, estimates, intends, plans or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions, including, but not limited to, the impact of competition, consumer confidence and spending preferences, regulatory changes, general economic conditions, and Corby s ability to attract and retain qualified employees. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These factors are not intended to represent a complete list of the factors that could affect Corby. Additional factors are noted elsewhere in this presentation. This presentation contains certain information that is current as of November 7, Events occurring after that date could render the information contained herein inaccurate or misleading in a material respect. Corby will provide updates to material forward-looking statements, including in subsequent news releases and its interim management s discussion and analyses filed with regulatory authorities, as required under applicable laws. Additional information regarding Corby, including its Annual Information Form, is available on SEDAR at
5 OFFICIAL BUSINESS
6 STRAIGHT FROM THE TOP PRESIDENT S ADDRESS
7 VISION To become the leading spirits and wine company in Canada.
8 GREAT PLACE TO WORK Strong, energized organization A Company of Leaders
9 FISCAL 2012 HIGHLIGHTS Growth in net earnings +11%
10 FISCAL 2012 HIGHLIGHTS Volumes up for key brands +3.4%
11 FISCAL 2012 HIGHLIGHTS Increase in cash flows from operating activities +$10.9 (millions of Canadian dollars)
12 FISCAL 2012 HIGHLIGHTS Increased annual dividend +7%
13 FISCAL 2012 HIGHLIGHTS Growth in core business Volumes up for key brands Increase in cash flows from operating activities Value for shareholders
14 THE PLAN
15 STRATEGIC PLAN PRIORITIES Prioritize the portfolio Grow on-premise and Western Canada Increase speed and quantity of innovation Optimize structure and increase efficiencies
16 1 Prioritize the portfolio Divested 17 non-core brands Divested Montréal manufacturing facility Reduced overlap of brands Simplified the business model Focused investment in key brands to drive performance
17 2 Grow on-premise and Western Canada More marketing and promotion Innovation in bartender training
18 2 Grow on-premise and Western Canada More marketing and promotion Innovation in bartender training New positions for Western Canada Joint business planning
19 3 Dedicated R&D team 12 new product innovations Increase speed and quantity of innovation
20 3 Increase speed and quantity of innovation Polar Ice Cube McGuinness Ice Storm Jacob s Creek Moscato Malibu Black
21 3 Increase speed and quantity of innovation Polar Ice Cube McGuinness Ice Storm Jacob s Creek Moscato Malibu Black
22 3 Increase speed and quantity of innovation Polar Ice Cube McGuinness Ice Storm Jacob s Creek Moscato Malibu Black
23 3 Increase speed and quantity of innovation Polar Ice Cube McGuinness Ice Storm Jacob s Creek Moscato Malibu Black
24 3 Lot 40 Pike Creek Increase speed and quantity of innovation
25 4 Optimize structure and increase efficiencies Additional resource investment Upweighted trade marketing Sales team specialization Geographic realignment
26 4 Optimize structure and increase efficiencies Improved route-to-market for USA From regional to national coverage Best-in-class manufacturing Production management
27 THE BRANDS
28 WISER S CANADIAN WHISKY #1 in Canada 717K cases sold in Canada 3% growth vs. 1% category growth New Wiserhood TV commercial Industry awards
29 CANADIAN WHISKY REVIVAL Increased demand for premium products Opportunity for flavour innovation Renewed consumer excitement, media attention and retail demand
30 WISER S SPICED New innovation launched September 2012 Recruit new consumers Develop new Wiser s loyalists Largest new product launch ever
31 POLAR ICE VODKA Canada s Vodka Sales up 9% to 350K cases Outpaced category
32 POLAR ICE VODKA Canada s Vodka Sales up 9% to 350K cases Outpaced category Polar Ice Cube innovation launched May 2012
33 LAMB S RUM Ahead of market in white rum #2 amber rum Lamb s Nation program in Newfoundland and Labrador
34 LAMB S RUM Ahead of market in white rum #2 amber rum Lamb s Nation program in Newfoundland and Labrador Black Sheep new pack
35 MIXABLE LIQUEURS Canada s mixable liqueur leader McGuinness up 5%, vs. 1% category growth Refreshed packaging Trend-setting innovation with McGuinness Ice Storm
36 AGENCY BRANDS Strong growth for agency brands Increased investment from brand owners Partnership in promotional execution
37 AGENCY SPIRITS ABSOLUT up 3% ABSOLUT representation rights to 2021 Jameson growth of 27% The Glenlivet up 10%
38 AGENCY PREMIUM WINES Jacob s Creek Reserve up 59% Jacob s Creek Moscato launch Wyndham Estate up 14% Stoneleigh gained 37% Campo Viejo up 74%
39 THE NUMBERS FINANCIAL REVIEW FY2012
40
41 REVENUE (IN MILLIONS OF CANADIAN DOLLARS) +7% $8.6M
42 REVENUE (IN MILLIONS OF CANADIAN DOLLARS) Improved pricing strategies Re-focused promotional activities +7% Strong export performance Improved bulk sales $8.6M
43 KEY BRAND SHIPMENT VOLUME (IN 000s OF 9L CASES) +3% KEY BRAND SHIPMENT VOLUME
44 KEY BRAND SHIPMENT VOLUME (IN 000s OF 9L CASES) Wiser s +1% +3% Polar Ice +9% Lamb s +3% Mixable Liqueurs +4% KEY BRAND SHIPMENT VOLUME
45 NET EARNINGS (IN MILLIONS OF CANADIAN DOLLARS) +11% INCREASE IN NET EARNINGS IN CORE BUSINESS
46 NET EARNINGS (IN MILLIONS OF CANADIAN DOLLARS) Margins 53% vs. PY 51% Improving profitability of UK exports +11% Commission +7% Marketing, sales and administration +4% INCREASE IN NET EARNINGS IN CORE BUSINESS
47 CASH FLOWS FROM OPERATING ACTIVITIES (IN MILLIONS OF CANADIAN DOLLARS) +$11M
48 CASH FLOWS FROM OPERATING ACTIVITIES (IN MILLIONS OF CANADIAN DOLLARS) Strong cash generation from core portfolio +$11M Cash balance of $110M Flexibility to pursue strategic opportunities
49 EARNINGS PER SHARE, CORE BUSINESS +4% AVERAGE EPS GROWTH
50 EARNINGS PER SHARE, CORE BUSINESS Three-year average EPS growth of 4% +4% AVERAGE EPS GROWTH
51 THE NUMBERS FINANCIAL REVIEW Q1 FY2013
52 Q1 FY2013 NET REVENUE Strong revenue growth of 5%
53 Q1 FY2013 NET REVENUE Strong revenue growth of 5% Shipment volumes up +3% Shipment value up +6%
54 Q1 FY2013 NET EARNINGS Net earning down $1M (or $0.03 per share) $1.4M phasing impact on promotional and advertising spend Margin improvement +5%
55 Q1 FY2013 CASH FLOWS Cash flows impacted by disposals Cash balance continued to grow Improved bulk sales
56 IN CONCLUSION FY2012 Strong performance for our core business Our strategies are delivering Strong base for future growth
57 THE BUSINESS PRESIDENT S ADDRESS
58 PARTNERS IN SUCCESS Beneficial partnership with Pernod Ricard Shared knowledge, experience, systems and best practices Common values
59 CORPORATE SOCIAL RESPONSIBILITY
60
61 RESPONSIB ALL DAY 2012 Education Information Mentoring Personal pledge
62 ENVIRONMENTAL RESPONSIBILITY 5% reduction in hydro consumption 28% reduction in paper 1M(L) reduction in water
63 ENVIRONMENTAL RESPONSIBILITY 5% reduction in reduction in hydro consumption 28% reduction in paper 1M(L) reduction in water
64 ENVIRONMENTAL RESPONSIBILITY 5% reduction in hydro consumption 28% reduction in paper reduction in paper 1M(L) reduction in water
65 ENVIRONMENTAL RESPONSIBILITY 5% reduction in hydro consumption 28% reduction in paper 1M(L) reduction in water
66 FISCAL 2012 SUMMARY
67 A YEAR OF ACTION AND RESULTS Unprecedented number of projects Focus on advancing strategic plan Position the business for future growth Increased quarterly dividend payments last year
68 DIVIDENDS $0.54 per share $15.4M back to shareholders $0.54 PER SHARE (SPECIAL DIVIDEND)
69 DIVIDENDS $0.54 per share $15.4M back to shareholders $0.17 per share 13% increase in quarterly dividend $0.54 PER SHARE (SPECIAL DIVIDEND) $0.17 PER SHARE (QUARTERLY DIVIDEND)
70 SUMMARY Strong balance sheet Opportunistic Successful A sound investment Focused Flexibility Stability
71 LOOKING AHEAD Invest in priority brands route-to-market people innovation pipeline To become the leading spirits and wine company in Canada
72 IN APPRECIATION
73 IN APPRECIATION
74 OFFICIAL BUSINESS
75