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€312.4M €171.7M €32.5M €26.9M €81.3M

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€312.4M €171.7M €32.5M €26.9M €81.3M A leading owner and producer of premium branded spirits and liqueurs that are sold principally in Central and Eastern Europe and Italy. Over 45 brands, exporting to more than Capitalising on key consumer trends 50 countries worldwide through own driving growth in spirits value in rd 1 distribution and 3 party arrangements Italy and Central & Eastern Europe: Global sales volumes total over 125 • Premiumisation million litres per year1 • Diversification of drinking occasions • Growing confidence in local provenance Wholly owned operations in Poland, the Czech Republic, Slovakia, Italy, Croatia and Bosnia & Herzegovina #2 in Poland in clear vodka and #2 in flavoured vodka and vodka- State of the art production facilities in based liqueurs2 Poland, Italy, Ireland, the Czech Republic #1 in the Czech Republic in spirits, and Germany rum, bitters and vodka3 Listed on the main market of the London #1 in Italy in vodka, vodka-based Stock Exchange liqueurs, limoncello, #2 in brandy4 Primary Markets Revenue provided in total and by segment5 100% 55% 26% 9% 10% €312.4m €171.7m €81.3m €26.9m €32.5m 2018: €282.4m 2018: €152.6m 2018: €73.2m 2018: €25.8m 2018: €30.9m Group Poland Czech Republic Italy Other Stock Spirits Group is No. 2 in vodka with 29.5% No. 1 in spirits with 34.3% No.1 in vodka, flavoured Slovakia, Croatia, Bosnia headquartered in the UK value share5 value share6 vodka-based liqueurs and and Herzegovina. Core categories: vodka, Core categories: rum, limoncello. 6.9% value International exports: USA, flavoured vodka-based bitters, vodka, flavoured share of spirits7 Germany, Canada, UK, liqueurs, whisky vodka-based liqueurs, Core categories: vodka, Slovenia and other Balkan whisky grappa, flavoured vodka- countries based liqueurs, limoncello, brandy Sources 5. 2018 data is on a proforma basis due to a year end change in 2018 1. SSG audited internal sales data 6. Nielsen, Poland, total off-trade, retail sales value (N.B. vodka* = vodka plus flavoured vodka and vodka-based liqueurs 2. Nielsen Poland total off-trade, MAT retail sales volume and value September 2019 MAT September 2019) 3. Nielsen Czech Republic, total off-trade, MAT retail sales volume and value September 2019 7. Nielsen, Czech Republic, total off-trade, retail sales value MAT September2019 4. IRI Italy, total modern off-trade MAT retail sales volume and value September 2019 8. IRI Italy, total modern off-trade, retail sales value MAT September 2019 FY19 Financial Results* Operational Highlights • Delivered 29 consecutive months 14.4m €312.4m of volume growth in Poland and continue to outperform Volume in 9 litre cases Total revenue (2018: 13.3m) (2018: €282.4m) competitors in volume and value share growth • Czech maintains leadership position, growth outpacing market €63.2m €28.3m • Two bolt-on acquisitions Adjusted EBITDA** Profit for the year completed in core markets (2018: €59.4m) (2018: €13.6) • Premiumisation focus continuing to deliver results 8.94€cents 19.68€cents Distribution centre in Lublin, Poland New Brand Developments Dividend per share Adjusted basic earnings • Saska flavours launch targeting (2018: 8.51€cents) per share millennials (2018: 16.72 €cents) • Fernet Stock relaunch to address bitters decline 0.67x • Stock 84 XO premium range Leverage extension (2018: 0.53x) • New premium Żołądkowa Kolonialna range *Stock Spirits has changed its reporting date to 30 September. To show meaningful measures, proforma data for the 12 months to • Low strength Amunsden vodka- September 2017 and 2018 has been calculated based liqueurs under ‘Fusion’ **Stock Spirits Group uses alternative performance measures as key financial indicators to assess the underlying performance of the sub-brand Group. These include adjusted EBITDA, adjusted EBIT and adjusted free cashflow Production plant in Lublin, Poland Key Strengths • Senior management team with • Strong sales and marketing proven international FMCG and capabilities with a broad spirits experience distribution network • Successful business model • Proven innovation capabilities combining global FMCG best • Potential for further acquisitions Did you know? practices with local expertise across the Central and Eastern European region and beyond • Stock’s flagship brand, Żołądkowa • Strong brand portfolio with Gorzka, was created in 1950 market leading positions and • Modernised, well-invested brands in core markets production platform with capacity • Stock Spirits has significant bottling to support further growth • Leading presence in attractive capacity at its two bottling sites in Polish and Czech markets • Strong cashflow and balance sheet Poland and the Czech Republic Highly experienced management team: • Lublin’s record daily production Experienced management team in place with deep sector and financial expertise level is 2.2 million bottles – that’s enough bottles to cover the distance from Warsaw to Lublin and back (over 100 miles) • Stock’s Lublin distribution centre has enough space to store five David Maloney Miroslaw Stachowicz Paul Bal Olympic swimming pools worth of Non-Executive Chairman Chief Executive Officer Chief Financial Officer Previously CFO of Le Meriden Previously Managing Director of Over 20 years’ experience in spirits Hotels & Resorts, Thomson AkzoNobel Deco and General senior finance and management Travel Group and Preussag Manager of Bestfoods positions in the tobacco industry Airlines Contacts Investor Relations Public Relations Paul Bal Powerscourt Chief Financial Officer Rob Greening or Lisa Kavanagh [email protected] [email protected] +44 (0)1628 648 500 +44 (0)20 7250 1446.
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