Lark Distilling : CEO Presentation

Published: 2021-11-28 17:50:12 ET LRK.AX

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L A R K D I S T I L L I N G C O .

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A N N U A L G E N E R A L M E E T I N G

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N O V 2 0 2 1

Our people

We attract talent with

and culture

our values-based recruitment

and strive to provide the very

strategies.

best onboarding experience.

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We develop our people

only

by creating career

pathways and opportunities.

We promoted 21%

of employees into new roles in

F21.

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We celebrate diversity, across

gender - 40% female, nationality,

and thought leadership.

And We Live

By Values

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Language

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§

Anticipation

§

Results

§

Karma

In FY22 we commit to taking our culture to the next level by conducting engagement surveys and acting on the feedback, as well as ongoing structured training for our people.

Our impact and contribution to sustainability is real. onlyuse

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Recap on Strategy Roadmap and Progress

Over the Past Two Years

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1.

Understand The Whisky Landscape - Domestic and Abroad

✔

Completed in F20

2.

Clean Up The Mess / Reset The Foundations

✔

Completed in F20

3.

Define and Articulate a Proven Strategy That Maximises Shareholder Value

✔ Share Price x 5 in 2 Years

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4.

Build "Lark" Into a Power Brand With Broad Appeal (and Asian Relevance)

✔ World Whisky Producer Finalist

5.

Reboot Forty Spotted Gin To Own "Tasmanian Gin"

✔

Completed in F21

6.

Innovate The Product(s) & Tell Meaningful Stories

✔

Completed in F21

7.

Establish A Footprint In Key Export Markets With Proven Sell Thru

✖

Commencing F22

8.

Build & Stockpile Inventory to Meet Future Demand (& Acquisition Criteria)

✔ 2m + Ltrs Under Bond by End F22

9.

Execute The Plan While Maximise Revenue, Manage Costs and Achieve Profit

✔

Completed in F21

10.

Leverage Balance Sheet To Fund the Journey

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NAB Debt Facility

11.

Improve Liquidity and Move to Institutional Shareholders

✔ Shene Capital Raise At 0% Discount

NSR per Litre Up 55% from $139 to $216

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Market Cap Has Increased to circa $390m

Acquisition of Shene Estate and Distillery to Close Feb 22

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O U R V I S I O N

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To become a global icon in

single malt whisky, renowned for being the

world's most innovative distiller.

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B Y E N D

B Y E N D

B Y E N D

S TA R TIN G

P O IN T

F Y 2 2

F Y 2 2

F Y 2 3

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-

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2m+ litres

~100% net

Brand

First mover

advantage

under

revenue growth

credibility in

with scale,

maturation at a

YoY

selected

credibility,

market value of

global export

quality and

~ $430m

markets

authenticity

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Disclaimer

Lark Distilling Co. Ltd. published this content on 28 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2021 22:49:00 UTC.