Presentation (PDF)
Highlights:
● Treasury Wine Estates (“TWE”) to acquire DAOU, a leading US luxury wine brand of scale, for an upfront consideration of US$900m
● Accelerates TWE’s luxury-led portfolio premiumisation focus, with the luxury portfolio contributing approximately 50% of global Group NSR post acquisition − Strengthens growth profile and enhances key operating and financial metrics: NSR and EBITS growth, NSR/9le, EBITS margin
● Establishes Treasury Americas as a leading and iconic US luxury wine business
● Highly strategic transaction which fills a key gap in the Treasury Americas portfolio at US$20-40 per bottle and strengthens the existing portfolio above US$40 per bottle
● Provides the scale to support a future standalone Treasury Americas Luxury division
● The acquisition is expected to deliver mid to high single digit EPS accretion in F25, the first full year of ownership1
● Acquisition to be funded by a combination of debt and equity, including placement of shares to current owners of DAOU
