DGL – 2018 Full Year Guidance Update

DELEGAT GROUP LIMITED – MARKET UPDATE
2018 FULL YEAR GUIDANCE UPDATE
The Group advises a record unaudited Operating Net Profit after Tax for the year ended 30
June 2018 of $44.9 million, up 17% on the previous year of $38.5 million. This was achieved
on record global case sales of 2,736,000 cases for the year, up 3% on the previous year.
The profit improvement of $6.4 million compared to last year is underpinned by record global
case sales, lower cost of sales per case, higher yielding 2016 and 2017 vintages and lower
financing costs.
The Group forecasts positive IFRS fair value adjustments for the year to be $0.9 million
which is expected to result in an IFRS Reported Net Profit after Tax of $45.8 million, up 13%
on the previous year. The forecast IFRS fair value adjustments are in relation to fair value
movements on biological produce (grapes) and derivative instruments.
The Group will announce the audited full year results in late August 2018.

2019 - 2021 GLOBAL CASE SALES UPDATE
The Group is providing a three year global case sales forecast.

The Group has reforecasted global case sales to increase by 8% in FY19 and will achieve a
three year compound average growth rate of 7%. The Group remains focused on achieving
its strategic goal of Super Premium wine category leadership in all varietals across all
markets.

ENDS
For further information please contact:
Murray Annabell
Chief Financial Officer
Delegat Group Limited
Telephone 64 9 359 7310 or 64 21 358 554
Email: murray.annabell@delegat.com
Group Outlook Case Sales2018201920202021
Actual Forecast Projection Projection
Total Cases2,736 2,945 3,168 3,377