MARLBOROUGH WINE ESTATES GROUP LIMITED

Wine producer and distributor.

Marlborough Wine Estates Group Limited Ordinary Shares

Security Type: Ordinary Shares

Sector: Food

http://www.nzmwe.com

Recent Announcements

Title Date Type
2018 Annual Meeting Voting Results 13 Dec 2018, 01:21PM MEETING
MWE 2018 Annual Meeting Presentation 13 Dec 2018, 10:13AM MEETING
2018 Notice of Annual Meeting of Shareholders 26 Nov 2018, 09:17AM MEETING
MWE Key Operating Milestones - Q1 Business Update 29 Oct 2018, 04:16PM NXTUPDTE
MWE - 2018 AGM and Director Nominations 25 Oct 2018, 09:25AM MEETING
> MORE

Research

Title Date
MWE Research Report 05/09/18
> MORE
Denotes 3rd Party Released announcements
Denotes Material or Prescribed announcements

Price History (30 days)

Quarterly Results Target Financial Year
Key Operating Milestones 1st 2nd 3rd 4th 2019 2020
Gross Harvest (tonnes) 0 1,800
Bulk Grape Sales (tonnes) 0 1,200
International Wine Sales Revenue $568,025 $1,500,000
New Zealand Bottled Wine Sales Revenue $248,252 $610,000

NXT Advisor

CM Partners Limited

Upcoming Due Dates

Quarterly Date 31/12/2018
Half Year Balance Date 31/12/2018
Quarter Business Update Due 30/01/2019
Half Year Preliminary Due 28/02/2019
Quarterly Date 31/03/2019
Interim Report Due Date 31/03/2019
Quarter Business Update Due 01/05/2019

Upcoming Meetings

Contact Information

Secretary
Eric Li
Address
Level 3, Tower One,
205 Queen Street
Auckland Central
Auckland 1010
Phone
+64 9 2156650

COMPANY ANALYSIS

Overview

Marlborough Wine Estates Group Limited owns and operates vineyards in Awatere Valley, Marlborough. It is committed to producing high quality Marlborough Sauvignon Blanc and targeting the premium end of the white wine market. The company is developing growing recognition for its O:TU and Music Bay brands as quality New Zealand white wines, particularly in China.

Performance

This information was extracted from the full year report produced by Marlborough Wine Estates Group Limited released on 31 August 2018:

Performance highlights:

- First orders of bottled wine shipped to the United Kingdom, Australia, Taiwan, and Finland.
- Growth in sales revenue to the United States, and Japan.
- Sales of bottled wine in the NZ domestic market increased by 80% compared to the previous financial year.
- OTU and Music Bay products have successfully launched in the Lower North Island region and South Island.

- Awards:
- OTU Classic Sauvignon Blanc 2016 received a Double Gold Medal in the 5th "SAKURA" Japan Women's Wine Awards
- OTU Sweet Sauvignon Blanc 2017 received a Double Gold medal in China Wines & Spirits Award Best Value 2018
- OTU Prestige Sauvignon Blanc 2013 received a Double Gold medal in China Wines & Spirits Award 2017
- OTU Classic Pinot Gris 2017 received a Gold Medal in the 5th "SAKURA" Japan Women's Wine Awards
- OTU Classic Sauvignon Blanc 2017 received a Silver Medal and 90 points in Decanter World Wine Awards 2018

Operating Performance:

- The Company's total sales for the financial year ended 30 June 2018 (FY18) were $3,984,984. This is slightly higher than the total sales from the previous financial year (FY17 - $3,821,799).
- MWE ended FY18 with a net loss after tax of $ 1,706,913, a significant reduction compared to the previous financial year (FY17 - a net loss of $4,381,727). An impairment loss on intangible assets and an inventory writedown contributed to the loss for FY18. After adjusting for these, the Company's adjusted EBITDA for FY18 was $492,515. Please refer to Appendix 1 for the details of the calculations.

Disclaimer: This section is provided as general information only. It is not intended as a substitute for legal or professional advice to company directors and officers or investors. NZX Limited disclaims any liability arising from the use of this information.