Moa Group Limited Half Year Results

28 November 2019
Beverage and Hospitality report strong revenues; Focus on
preparing for summer trading.
Moa Group Limited (NZX: MOA) (“Moa”, “the Group”), New Zealand’s own brewing and hospitality company, today reports
its results for the half year period ended 30 September 2019.
Moa Group announces half year results.
The Group reported total revenue of $18 million for the period compared to $6 million in the prior year, the significant
increase reflecting the addition of the Hospitality business during the period. The combined Group underlying EBITDA
totalled $333,000 compared to a loss of $1.2 million in the prior period. With the one-off acquisition and restructuring
costs incurred during the period, net earnings after tax were a loss of $1.6 million compared to a loss of $1.4 million in
the prior period.
The Group embarked on a vertical integration strategy of April this year with the addition of the Hospitality business to
pour the Group’s own beverages to create stronger margins.
Moa Beverages continued to build strong momentum heading into the key summer trading period. The sales venture
agreement with Constellation Brands provides a wide reach to a range of customers that has seen revenue build. Moa
continues to focus on introducing new products to the market to appeal to a range of consumers, culminating in an
iconic New Zealand partnership with the launch of Vogel’s beer in 440ml cans in October 2019. In addition, Moa Genuine
Lager launched in November 2019, a lower calorie lager with 100% New Zealand ingredients. More products are now in
cans, which provide greater versatility while retaining a great Moa experience. This has proven popular with many Moa
Hunters and will lead to an expansion of canned product moving forward. Moa’s market share continued to climb to 10.2%
(AC Neilsen Total Supermarkets MAT 29/09/19), despite price increases put in place. This increase of 1.2% added over $2
million of retail sales over the same period.
Moa Hospitality (trading as Savor Group) comprises ten venues with the acquisition of Non Solo Pizza (NSP) in Auckland’s
Parnell settling after the close of trading on balance date. The more recent venues (such as Tommy’s Champagne Bar and
the Auckland Fish Market) continue to go from strength to strength as they become established in the Auckland market.
The Hospitality business remains firmly focused on innovating and bringing new ventures to market. Progress continues
on the new Lobster & Tap venue at the Auckland Fish Market with opening expected in early December.
Executive Chair Geoff Ross said “the half year result supports the new strategic direction of the Group and the Board
are very pleased to see the success of the Hospitality acquisitions in such a short space of time. We have been through
significant change both operationally and strategically across the business during the period, and it is great to see results
from that starting to come to fruition.”
The Beverages and Hospitality businesses are both seasonal in nature, with the second half of the year traditionally the
stronger period. The Group is well positioned to maximise this through the Christmas period and summer trading months.
MOA GROUP LIMITED

28 November 2019
For more information contact: Geoff Ross (Executive Chair): 021 424 219
About Moa Group Limited
Moa Group Limited (NZX: MOA) is a brewing and hospitality company owned by and based in New Zealand. The
Group is made of two segments: Moa Beverages, which brews and distributes Moa branded craft beers and ciders,
and Moa Hospitality, which owns and operates restaurants and bars across New Zealand following the acquisition of
the Savor Group and Non Solo Pizza businesses in April and September 2019 respectively.
MOA GROUP LIMITED

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Results Announcement
(for Equity Security issuer)





Results for announcement to the market
Name of issuer Moa Group Limited
Reporting Period 6 months to 30 September 2019
Previous Reporting Period 6 months to 30 September 2018
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$18,009 192%
Total Revenue $18,009 192%
Net profit/(loss) from continuing
operations
$(1,605) (14.9)%
Total net profit/(loss) $(1,605) (14.9)%
Final Dividend
Amount per Quoted Equity Security Not Applicable
Imputed amount per Quoted Equity
Security
Not Applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Current period Prior comparable period
Net tangible assets per Quoted
Equity Security
$0.31 $0.16
A brief explanation of any of the
figures above necessary to enable
the figures to be understood
The Group acquired the Hospitality segment during the year which led to a
significant increase in total revenue. The net loss after tax includes the
operations of the new segment.
Authority for this announcement
Name of person authorised to make
this announcement
Geoff Ross, Executive Chair
Contact person for this
announcement
Geoff Ross, Executive Chair
Contact phone number +64 21 424 219
Contact email address
geoff@moabeer.com

Date of release through MAP 28/11/2019

Unaudited interim financial statements accompany this announcement.