Top 10 financial planning mistakes
|
|
- Daisy Page
- 6 years ago
- Views:
Transcription
1 2017 Annual TWGAA Conference Top 10 financial planning mistakes Presented by: Amanda Sims, Associate, Silicon Valley Bank
2 # 10 Improper sourcing strategies 2015 Annual Wine Conditions Survey 21 February
3 Sourcing Characteristics $/Ton vs $/Acre Contracts Variety Short term vs Long term contracts Region Grower 2015 Annual Wine Conditions Survey 21 February
4 Texas Viognier $1,300 $2,000 Virginia Viognier $1,800 $3,000 New York Riesling $1,200 $1,750 Oregon Pinot Gris $918 $2,667 Washington Riesling Average = $760 Central Valley Chardonnay $150 $625 Sonoma Chardonnay $700 $11,012 Napa Chardonnay $525 $7,500 Texas- Pate, Hellman, Johnson. Texas Vineyard Budgets Virginia- Virginia Wine Marketing Office Commercial Grape Report New York- Finger Lakes Grape Program Finger Lakes Grape Price Survey Oregon- Southern Oregon University Research Center. Preliminary Grape Prices Washington- Washington State Wine Commission. Annual Grape Crush Report California- California Department of Food and Agriculture. Grape Crush Report Final Annual Wine Conditions Survey 21 February
5 Keep your sourcing strategy aligned Quality Price Point Input costs 2015 Annual Wine Conditions Survey 21 February
6 # 10 Improper sourcing strategies - Diversify for emergencies - Match costs/ unit to bottle price 2015 Annual Wine Conditions Survey 21 February
7 # 9 Ownership bleeds company 2015 Annual Wine Conditions Survey 21 February
8 Debt Service Coverage (net income + interest + depreciation + amortization) DSC= EBIDA - Distributions Interest + Loan Payments Cash Flow: Debt Payments should be > 1.25x 2015 Annual Wine Conditions Survey 21 February
9 When distributions hurt 3/31/ /31/2016 3/31/ TTM Net Income $ 50.0 $ $ 30.0 $ Interest Expense $ 15.0 $ 60.0 $ 15.0 $ 60.0 Depreciation & Amortization $ 10.0 $ 50.0 $ 10.0 $ 50.0 (Distributions) $ (100.0) $ (100.0) EBIDA $ 75.0 $ $ 55.0 $ Principal $ 25.0 $ $ 25.0 $ Interest $ 15.0 $ 60.0 $ 15.0 $ 60.0 Debt Service $ 40.0 $ $ 40.0 $ DSC Annual Wine Conditions Survey 21 February
10 # 9 Ownership bleeds company - Think of cash flow needs for the next year if taking a distribution - Take a salary that can be ratcheted up or down 2015 Annual Wine Conditions Survey 21 February
11 # 8 Underinvestment in bookkeeper 2015 Annual Wine Conditions Survey 21 February
12 Wine Bookkeeper Qualifications Quarterly Depreciation Expense Wine Cost Accounting (Many inputs over long period of time) Capital Expenditures (acquisition expenses for equipment) Annual Unified Wine Conditions Wine Symposium Survey 21 February
13 # 8 Underinvestment in bookkeeper - You are stretched thin, delegate to a professional - You need this information to be accurate and timely 2015 Annual Wine Conditions Survey 21 February
14 # 7 Poor wine quality Annual Unified Wine Conditions Wine Symposium Survey 21 February
15 Value = Price Quality 2015 Annual Wine Conditions Survey 21 February
16 Value = Price + Experience Quality 2015 Annual Wine Conditions Survey 21 February
17 Good Value Bad Value Good Times Bad Times 2015 Annual Wine Conditions Survey 21 February
18 # 7 Poor wine quality - Invest in training and rewarding your sales staff - Bad wine is unlikely to be sold during a recession 2015 Annual Wine Conditions Survey 21 February
19 # 6 Ignorance of approaching capital expenditures Annual Unified Wine Conditions Wine Symposium Survey 21 February
20 Valuing your inventory Wholesale case price = $300 Bank advance rate = 50% Bank s case value = $150 (1-GM%) x (case price) = cost/ case ie (1-45%) x (300) = $165 Bank s case value = 90.9% of your cost 2015 Annual Wine Conditions Survey 21 February
21 Annual Expenses for Wine Production LoC LoC LoC LoC Jan Mar white wine release Jun bottling Sep buy grapes Dec red wine release LoC LoC LoC Jan Mar Jun Sep Dec pest management/ labor expenses harvest expense sell grapes Source: 2015 Annual Wine Conditions Survey 21 February
22 Matching sources and uses of financing Use: Funds make wine Line of Credit Collateral: wine inventory Use: Funds buy assets or make improvements Term Debt Collateral: purchased or improved asset Annual Unified Wine Conditions Wine Symposium Survey 21 February
23 # 6 Ignorance of approaching CAPEX - Finance annually recurring expenses with short term debt and long term investments with term debt - Monitor depreciation to plan for new equipment costs 2015 Annual Wine Conditions Survey 21 February
24 # 5 Undercapitalization Annual Unified Wine Conditions Wine Symposium Survey 21 February
25 Debt and Equity are friends Source: 2015 Annual Wine Conditions Survey 21 February
26 Accounting Principle: A = L + E Asset Liability Equity Inventory $3,000,000 Equipment $300,000 Intangible $15,000 Line of Credit $2,000,000 Term Loan $120,000 Retained Earnings $600,000 Capital Contributed $595, Annual Wine Conditions Survey 21 February
27 Choose your sliding scale Plan B Plan C Plan D Plan M Plan N Plan Z 5% of equity No voting rights 5% of equity Management role 5% of equity Voting rights 25% of equity No voting rights 25% of equity Voting rights 100% of equity Voting rights 2015 Annual Wine Conditions Survey 21 February
28 # 5 Undercapitalization - Aim for < 3:1 Debt: Equity ratio - Finding an investor does not mean giving up control 2015 Annual Wine Conditions Survey 21 February
29 # 4 Underinvestment in software Annual Unified Wine Conditions Wine Symposium Survey 21 February
30 Customer Relationship Management (CRM) List of customers and contact info Sales history Shipping address Shipment details Length of membership Available inventory for sale Annual Unified Wine Conditions Wine Symposium Survey 21 February
31 Measuring depletion Cased Goods as of: % of # Starting Release Yr. % Release Vintage Varietal of cases Volume Elapsed Depleted Date 2015 Caberent Sauvignon 4,000 6,000 10% 33% Nov Zinfandel 5,000 5,500 2% 9% Dec Tempranillo 400 1,300 35% 69% Aug Merlot 2,000 4,000 21% 50% Oct Chardonnay 1,500 2,600 46% 42% Jul Red Wine 1,000 8,000 34% 88% Aug Annual Wine Conditions Survey 21 February
32 Discount vs Special Release 2015 Annual Wine Conditions Survey 21 February
33 # 4 Underinvestment in software - Give customers a customized experience - Track your inventory s sales trajectory 2015 Annual Wine Conditions Survey 21 February
34 # 3 Distribution is easy money Annual Unified Wine Conditions Wine Symposium Survey 21 February
35 Pros Cons Brand exposure Confirmation of quality Restrictive pricing Keep distributor interested Locked in partnership Loss of brand control Annual Unified Wine Conditions Wine Symposium Survey 21 February
36 Wine Shelf Wine Club Flagship Red Flagship White Two price points Limited Releases Library Wines Unusual varieties Unusual packaging Annual Unified Wine Conditions Wine Symposium Survey 21 February
37 # 3 Distribution is easy money - Research distribution laws and partner options - Offer your wine club something special - Keep your higher margined tasting room stocked first 2015 Annual Wine Conditions Survey 21 February
38 # 2 Producing too many SKUs Annual Unified Wine Conditions Wine Symposium Survey 21 February
39 Which do people actually like? Annual Unified Wine Conditions Wine Symposium Survey 21 February
40 People are all unique snowflakes Annual Unified Wine Conditions Wine Symposium Survey 21 February
41 Wines profits are black and 2014 Viognier 2014 Cabernet Sauvignon # of cases 500 # of cases 500 price $ 350 price $ 500 Revenue $ 175,000 Revenue $ 250,000 grape $ 22,000 grape $ 28,000 yeast $ 2,500 yeast $ 2,500 nutrition $ 100 nutrition $ 100 lab supplies $ 1,500 lab supplies $ 1,500 filter pads $ 50 filter pads $ 50 bottle $ 7,500 bottle $ 8,000 cork $ 1,000 cork $ 1,000 label $ 1,000 label $ 3,000 labor $ 8,000 labor $ 8,000 depreciation $ 10,000 depreciation $ 16,000 COGS $ 53,650 COGS $ 68,150 Gross Margin 69% Gross Margin 73% Annual Unified Wine Conditions Wine Symposium Survey 21 February
42 # 2 Producing too many SKUs - Produce wines people are buying - Understand the gross margin of each SKU and which are dragging profits down 2015 Annual Wine Conditions Survey 21 February
43 # 1 Imbalance of case production and case sales Annual Unified Wine Conditions Wine Symposium Survey 21 February
44 Production : Sales 1:1 Acceptable Reasons Growing production Small vintage Longer aging SKUs Unacceptable Reasons Sluggish sales Swimming in an ocean of wine Wrong kind of liquidity Annual Unified Wine Conditions Wine Symposium Survey 21 February
45 Ways to slow production Sell estate fruit Cancel short term contracts in advance Sell excess wine instead of bottling Explore alternative sales channels Annual Unified Wine Conditions Wine Symposium Survey 21 February
46 # 1 Imbalance of Case Production and Case Sales - Sell what you produce - Don t produce what you can t sell - Slow production if you have slow sales Annual Unified Wine Conditions Wine Symposium Survey 21 February
47 #10 Improper sourcing strategy #9 Ownership bleeds company #8 Underinvestment in bookkeeper #7 Poor wine quality #6 Ignorance of Approaching CAPEX #5 Undercapitalization #4 Underinvestment in software #3 Distribution is easy money #2 Producing too many SKUs #1 Imbalance of case production to case sales Annual Unified Wine Conditions Wine Symposium Survey 21 February
48 2017 Annual TWGAA Conference Top 10 Financial Planning Mistakes Amanda Sims, Associate, Silicon Valley Bank
Private Equity Investments
Overview for Private Equity Investments Strategic capital and expertise for the wine industry Prepared: September 2011 Copyright 2010 Bacchus Capital Management In classical mythology, Bacchus is the god
More informationThe Economics Surrounding Premium Wine Production
The Economics Surrounding Premium Wine Production by Trent Ball 1 and Ray Folwell 2 1 Vineyard and Winery Technology Program, Chair, Yakima Valley Community College, and Partner, 2 Agri-Business Consultants
More informationPreliminary unaudited financial results for the full year ended 30 June Amount for this reporting period
Marlborough Wine Estates Group Limited Results for Announcement to the Market Preliminary unaudited financial results for the full year ended 30 June 2017 Reporting Period 1st July to 30th June 2017 Previous
More information$ BUY STARBUCKS CORPORATION (SBUX) Rena Kaufman. Valuation Methodology. Market Data. Financial Summary (7/1/2018) Profile. Financial Analysis
STARBUCKS CORPORATION (SBUX) Market Data Market Cap (intraday): $69,991M Enterprise Value (Aug 9, 2018): $74,898M Enterprise Value/EBITDA (ttm): 14.97x Rena Kaufman $51.88 - BUY Valuation Methodology Method
More informationSFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month
Grand Strand Market Report 2017 SFR sales activity slides in as full year production flat to 2016. Tightening inventory contributing to SFR sales price growth. Condo sales volume and median sales prices
More informationWHY YOUR WINERY NEEDS A WINE CLUB! Most successful wineries have wine clubs. Don t get left behind - get started today!
WHY YOUR RY NEEDS A CLUB! Most successful wineries have wine clubs. Don t get left behind - get started today! 2 TABLE OF CONTENTS What is a Wine Club?.3 Why Have a Wine Club?....4-6 How to Set up Your
More informationPizza Pizza Royalty Corp. ANNUAL GENERAL MEETING May 29, 2013
Pizza Pizza Royalty Corp. ANNUAL GENERAL MEETING May 29, 2013 1 Elizabeth Wright, Board Chair 2 Forward-Looking Statement This presentation will contain forward-looking statements. Investors should be
More information2007 Sonoma Research Associates - All rights reserved.
2007 Sonoma Research Associates - All rights reserved. Practical Applications of the Price Elasticity of Demand Presented by Dan Karnowsky, President Sonoma Research Associates Presented at Competitive
More informationSFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month
Grand Strand Market Report 2018 was a strong month for sales activity in the Grand Strand with SFR and condo sales volume up 5.11% and 19.14%, respectively, for the month. Residential lot sales are also
More information2017 WINE INDUSTRY HOW DOES YOUR BUSINESS COMPARE? FINANCIAL BENCHMARKING SURVEY EXECUTIVE SUMMARY
2017 WINE INDUSTRY FINANCIAL BENCHMARKING SURVEY EXECUTIVE SUMMARY HOW DOES YOUR BUSINESS COMPARE? Credible wine industry financial data is scarce, which makes it a struggle for owners and managers to
More informationSFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month
Grand Strand Market Report 2017 Grand Strand market activity took a slight step back in after 3 months of steady growth. SFR sales volume dropped 5.7% for the month but is still up 7.2% year-to-date. The
More informationSFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month
Grand Strand Market Report 2016 Sales activity in the Grand Strand ended 2016 with a solid month of sales. SFR sales are up 2.0% for the month and up 4.1% for the year; setting a new market record for
More informationCOMPANY PRESENTATION STAR CONFERENCE LONDON 2006, 27 th September
COMPANY PRESENTATION STAR CONFERENCE 2006 LONDON 2006, 27 th September AGENDA 1. THE GROUP AT A GLANCE 2. MARKET OVERVIEW 3. FINANCIALS 4. SHARE PRICE 5. STRATEGY STAR CONFERENCE 2006 Pag. 2 SPEAKERS LUIGI
More information2018 SVB Wine Report Videocast. Rob McMillan EVP & Founder, Silicon Valley Bank Wine Division January 17, 2018
2018 SVB Wine Report Videocast Rob McMillan EVP & Founder, Silicon Valley Bank Wine Division January 17, 2018 About the 2018 SVB Wine Videocast These slides were shared during a live videocast on January
More informationOntario Wine and Grape Industry Performance Study
Ontario Wine and Grape Industry Performance Study 2016 Performed by VQA Ontario and Deloitte on behalf of the Ontario wine and grape industry March 2017 FINANCIAL INFORMATION I II 2016 ONTARIO WINE AND
More informationPeet's Coffee & Tea, Inc. Reports 62% Increase in Second Quarter 2008 Diluted Earnings Per Share
Peet's Coffee & Tea, Inc. Reports 62% Increase in Second Quarter 2008 Diluted Earnings Per Share EMERYVILLE, Calif., July 31, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Peet's Coffee & Tea,
More informationCompany Presentation. Opportunity Day 3Q2013 December, 2013
Company Presentation Opportunity Day 3Q2013 December, 2013 Company Presentation Opportunity Day 3Q2013 December, 2013 Disclaimer Copyright 2013 MK Restaurant Group Public Company Limited. All rights reserved.
More informationNetworkers Business Update. December 2014
Networkers Business Update December 2014 Agenda Forecast Milk Price Global markets V3 Strategy Growing our share of New Zealand milk Page 2 Forecast Milk Price 110 100 2012/13 2013/14 2014/15 Forecast
More informationOntario Wine and Grape Industry Performance Study
Ontario Wine and Grape Industry Performance Study 2015 Performed by VQA Ontario and Deloitte on behalf of the Ontario wine and grape industry March 2016 FINANCIAL INFORMATION I II 2015 ONTARIO WINE AND
More informationDELIVERING REFRESHING SOFT DRINKS
BEVERAGES DIVISION DELIVERING REFRESHING SOFT DRINKS Swire Beverages manufactures, markets and distributes refreshing soft drinks to consumers in Hong Kong, Taiwan, Mainland China and the USA. 46 215 PERFORMANCE
More informationONE YEAR ANNUAL RESULTS FONTERRA FONTERRA CO-OPERAT CO-OPERA IVE GROUP LTD
ONE YEAR. 2012 ANNUAL RESULTS FONTERRA CO-OPERATIVE GROUP LTD 1 SIR HENRY VAN DER HEYDEN CHAIRMAN FONTERRA CO-OPERATIVE GROUP LTD 2 OVERVIEW Highlights Business performance Update on strategy Questions
More informationOUR POTENTIAL. Business Update MAY 2017
OUR POTENTIAL Business Update MAY 2017 Disclaimer This presentation may contain forward-looking statements and projections. There can be no certainty of outcome in relation to the matters to which the
More informationKiosk Franchise Model
Kiosk Franchise Model 1 www.betweenroundsbagels.com Jerry Puiia President Between Rounds Franchise Corp. 860-291-0323 Jerry@ Betweenroundsbagels.com May 2017 FINALLY 2 An alternative to traditional convenience
More informationProblem Set #3 Key. Forecasting
Problem Set #3 Key Sonoma State University Business 581E Dr. Cuellar The data set bus581e_ps3.dta is a Stata data set containing annual sales (cases) and revenue from December 18, 2004 to April 2 2011.
More informationTHE ECONOMIC IMPACT OF WINE AND WINE GRAPES ON THE STATE OF TEXAS 2015
THE ECONOMIC IMPACT OF WINE AND WINE GRAPES ON THE STATE OF TEXAS 2015 A Frank, Rimerman + Co. LLP Report Updated January 2017 This study was commissioned by the Texas Wine and Grape Growers Association
More informationDrinks Ontario Fall Members Meeting 22 November 2013
Drinks Ontario Fall Members Meeting 22 November 2013 Shari Mogk-Edwards Vice President, Products, Sales and Merchandising Kathy Cannon Director, VINTAGES Dave Misetich Inventory Manager, VINTAGES Kelly
More information2018 Vineyard Economics Survey
2018 Vineyard Economics Survey 229 respondents Approximately a third of the responders were wineries with vineyards Two thirds were growers Statewide and Oregon Northern Interior aka Lodi, Foothills and
More informationWINE CLUB INTRODUCING THE ONEHOPE
INTRODUCING THE ONEHOPE WINE CLUB The ONEHOPE Wine Club is a quarterly, curated wine shipment program that will be available to your customers starting October 1, 2017. The ONEHOPE Wine Club will offer
More informationUNPARALLED VINEYARD & WINERY OPPORTUNITY
UNPARALLED VINEYARD & WINERY OPPORTUNITY 2015 Diversified Income Streams A world-class specialty vineyard, a commercial real estate leasing opportunity, and a create your own wine label package under the
More informationECONOMIC IMPACT OF WINE AND VINEYARDS IN NAPA COUNTY
ECONOMIC IMPACT OF WINE AND VINEYARDS IN NAPA COUNTY An Report prepared for Jack L. Davies Napa Valley Agricultural Land Preservation Fund and Napa Valley Vintners JUNE 2005 FULL ECONOMIC IMPACT OF WINE
More informationMEDICINAL GRADE OIL: MUSTARD OIL
Profile No.: 33 NIC Code:. MEDICINAL GRADE OIL: MUSTARD OIL 1 INTRODUCTION Consumption of edible oil is substantial throughout the country. All Indian households use it every day. Various types of edible
More informationDIRECTORS AND CEO REPORT
FOR THE YEAR ENDED 30 JUNE 2018 The Directors of Foley Family Wines Limited (FFW) wish to announce the 2018 operating results and annual report for the 12 months ended 30 June 2018. Highlights: Case sales
More informationVineyard Cash Flows Tremain Hatch
Vineyard Cash Flows Tremain Hatch thatch@vt.edu New grape growers Contemplating retirement or other transitions and considering viticulture and winemaking Alternative crop to existing farm operation Questions
More informationProfile No.: 43 NIC Code: FRUIT BAR
Profile No.: 43 NIC Code: 10304 FRUIT BAR 1. INTRODUCTION: Fruit toffee and fruit bar are delicious and nutritious products. The manufacturing process is simple. And the commercial manufacturing is a highly
More informationGENERAL DESCRIPTION OF INDUSTRY AND COMPANY
Appendix G Appendix Sample G: Import Business Business Plan: Otoro Plan: Import Company Otoro Import Company EXECUTIVE SUMMARY Otoro Imports is a spice importing and marketing corporation established in
More informationMarket Consumer Expenditure ( m)
Supplementary Information Market and Financial Preliminary i Results 26 November 2009 Market Consumer Expenditure ( m) 80000 1984 to 2008 Total Total (Nominal) (Real) 6.4% 1.4% 70000 60000 50000 8.3% 3.3%
More informationComparing canola and lupin varieties by time of sowing in the Northern Agricultural Region
Comparing canola and lupin varieties by time of sowing in the Northern Agricultural Region Martin Harries and Greg Shea, DPIRD Key messages Lupin yielded 3.0 t/ha and canola 2.0 t/ha from late May emergence.
More informationNZ Dairy Industry Report 2015
NZ Dairy Industry Report 2015 Executive Summary December 2015 www.tdb.co.nz 1 Principal contacts for this report: Geoff Taylor, Director Nigel Atherfold, Director Mob: 027 465 0024 Mob: 027 4650 057 Email:
More informationInterim Result MARCH 2018 OUR POTENTIAL OUR CO-OPERATIVE OUR PERFORMANCE
OUR CO-OPERATIVE OUR POTENTIAL OUR PERFORMANCE Interim Result 2018 21 MARCH 2018 Disclaimer This presentation may contain forward-looking statements and projections. There can be no certainty of outcome
More informationESTABLISHING STANDARDS WINE ARCHITECTURE CHANNEL STANDARDS PRICE STANDARDS PRODUCT STANDARDS BULDING-IN FLEXIBILITY
TOOLKIT FOR MAINTAINING PRICE POSITONING RELATIONSHIPS USE OF DATA NEILSEN DATA LOCAL SURVEYS COMPETIVE SETS MOST OREGON WINERIES USE OF A TIERED APPROACH TO VALUATION WHAT ARE THE DIFFERENTIATING FACTORS
More informationSavings Products for Tea Smallholders
Agri-Finance Marketplace Savings Products for Tea Smallholders 24 th November 2011 Felix Meier zu Selhausen Nelson Basaija Slide 1/21 Agenda 1. Mpanga Tea Growers 2. The Financial Survey 3. Recommendations
More informationCoffee Supply Chain Development and Tourism in Timor-Leste
Coffee Supply Chain Development and Tourism in Timor-Leste David Freedman, Asian Development Bank Country Economist, Timor-Leste. 18 July, 2016, Pacific Update Conference, Suva, Fiji. Today s Presentation
More information2016 STATUS SUMMARY VINEYARDS AND WINERIES OF MINNESOTA
IN PARTNERSHIP WITH THE NORTHERN GRAPES PROJECT, AN USDA SPECIALITY CROPS RESEARCH INITIATIVE PROGRAM, NIFA 2016 STATUS SUMMARY VINEYARDS AND WINERIES OF MINNESOTA Brigid Tuck and William Gartner INTRODUCTION
More informationStrong Holiday Performance Drives 5% Global Comp Growth, Global Traffic Increases 2%
Starbucks Delivers Record Q1 Revenue and EPS Strong Holiday Performance Drives 5% Global Comp Growth, Global Traffic Increases 2% Revenues rise 13% to a record $4.8 billion; EPS of $1.30 includes a gain
More information3 rd Quarter & 9 Months 2014 Financial Results 10 November 2014
3 rd Quarter & 9 Months 2014 Financial Results 10 November 2014 Disclaimer The presentation is prepared by Super Group Ltd ( Super or the Group ) and is solely for the purpose of corporate communication
More informationUnit two: Work sheet for Service & Merchandise Business
Unit two: Work sheet for Service & Merchandise Business اسم الطالب:... رقم الطالب:... الصف:... المدرسة:... الرقم التسلسلي Chapter One: Work Sheet for Service & Merchandise Business Name of business Work
More informationFOB/ex-cellars winery selling (or transfer to winery tasting room or DtC sales) price per case:
S1 Project Info Oregon Wine Cost of Goods & Gross Margin Calculator Sponsored by the Oregon Wine Board, developed by Tim Hanni MW and ecode.me LLC CLICK HERE TO VIEW TUTORIAL VIDEO 1 Date: 2 3 Case Production
More informationAustralian Vintage Ltd. December 2017 Half Year Results 21 st February 2018
Australian Vintage Ltd. December 2017 Half Year Results 21 st February 2018 Australian Vintage Ltd. December 2017 Half Year Results Disclaimer The presentation has been prepared by Australian Vintage Limited
More informationSTARBUCKS CORPORATION
STARBUCKS CORPORATION Background Starbucks started operations in 1971 by opening its first retail store in Seattle and by 2003 had grown to be the world s leading retailer, roaster and brand of specialty
More informationOptimism paired with results Winery Benchmarking Publication date: May 2017
Optimism paired with results Winery Benchmarking 0 Publication date: May 0 Contents Welcome Executive Summary Results - Profitability Results - Financial position Results - Vineyards Results - Ratios 0
More informationCOMPANY PRESENTATION STAR CONFERENCE MILAN 2008, 5 th March
COMPANY PRESENTATION STAR CONFERENCE 2008 MILAN 2008, 5 th March AGENDA 1. The group at a glance 2. Market overview 3. Financials 4. Share price 5. Goals and strategies STAR CONFERENCE 2008 Pag. 2 SPEAKERS
More informationResults from the First North Carolina Wine Industry Tracker Survey
Results from the First North Carolina Wine Industry Tracker Survey - 2009 Dr. Michael R. Evans Director and Professor of Hospitality and Tourism Management and Dr. James E. Stoddard Professor of Marketing
More informationSMOOTH BREW COFFEE E. MCDOWELL RD. PHOENIX, AZ Justin Horwitz Senior Advisor
SMOOTH BREW COFFEE 1441-1447 E. MCDOWELL RD. PHOENIX, AZ 85006 Justin Horwitz Senior Advisor 480.425.5518 justin.horwitz@svn.com Paul Borgesen III Advisor 480.425.5516 paul.borgesen@svn.com SVN Desert
More informationThe Economic Impact of Grapes, Grape Juice and Wine on the New York Economy, 2008 Prepared for the New York Wine and Grape Foundation
The Economic Impact of Grapes, Grape Juice and Wine on the New York Economy, 2008 Prepared for the New York Wine and Grape Foundation January 2010 A S T O N E B R I D G E R E S E A R C H R E P O R T Copyright
More informationmuch better than in As may be seen in Table 1, the futures market prices for the next 12 months
Dairy Outlook December 2009 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology prices are higher than last month, especially Class IV. The outlook for dairy prices
More informationStarbucks Delivers Record Q1 Revenues and EPS Q1 Fiscal 2016 Highlights:
Starbucks Delivers Record Q1 Revenues and EPS Strong Holiday Performance Drives 9% Comp Growth in the U.S. and Americas, 8% Globally; Global Traffic up 4% Consolidated Net Revenues Rise 12% to a Record
More informationAgricultural Exports, Economic Prospects and Jobs
Agricultural Exports, Economic Prospects and Jobs West Hills Community College District Essential Elements Harris Ranch Inn and Conference Center November 6, 2014 Daniel A. Sumner University of California
More informationFor personal use only
ABNN 78 052 179 932 Company Announcements Australian Securities Exchange 24 February 2016 Australian Vintage Half Year Result to 31 December 20155 Branded Sales Dry Profit up by 80% % Key Points Net Profit
More informationTexaS Wine Journal. Category Report Merlot
TexaS Wine Journal Category Report Merlot - 2014 About Journal RatingS Journal ratings are about building awareness for Texas wines under the objective lens of a panel of professional judges. Through consensus,
More informationCalifornia Wine Vineyards CALASFMRA Land Values Survey
California Wine Vineyards CALASFMRA Land Values Survey What? When? How? March 30, 2017 Why? Where? Tony Correia THE CORREIA COMPANY tony@correiaco.com 707.933.9915 What? When? How? Why? Where? HISTORY
More informationUNDERSTANDING, LEADING, BUILDING & WINNING IN THE BUSINESS OF COFFEE FARMER BROTHERS
UNDERSTANDING, LEADING, BUILDING & WINNING IN THE BUSINESS OF COFFEE FARMER BROTHERS WE ARE A COFFEE COMPANY DESIGNED TO DELIVER THE COFFEE PEOPLE WANT, THE WAY THEY WANT IT. FARMER BROTHERS 2 We have
More informationMKF RESEARCH ASSESSMENT OF THE PROFITABILITY AND VIABILITY OF VIRGINIA WINERIES
MKF RESEARCH ASSESSMENT OF THE PROFITABILITY AND VIABILITY OF VIRGINIA WINERIES PRESENTED TO THE SECRETARY OF AGRICULTURE AND FORESTRY OF VIRGINIA JUNE, 2007 a division of Frank, Rimerman + Co. LLP CPAs
More informationTips to enhance your wine tasting and investing experience
Tips to enhance your wine tasting and investing experience Enjoying Wine Tips on serving, tasting and entertaining Serving Tips Choose the right temperature Cooler (45-50 F) for white wines Warmer (50-65
More informationDECEMBER 2015 HALF YEAR RESULTS BRANDED SALES DRIVES PROFIT UP BY 80% 24 th February 2016
DECEMBER 2015 HALF YEAR RESULTS BRANDED SALES DRIVES PROFIT UP BY 80% 24 th February 2016 Disclaimer The information in this presentation is general advice, given in good faith and derived from sources
More informationECONOMIC IMPACTS OF THE FLORIDA CITRUS INDUSTRY IN
ECONOMIC IMPACTS OF THE FLORIDA CITRUS INDUSTRY IN 2007- Mohammad Rahmani and Alan W. Hodges Food and Resource Economics Department Institute of Food and Agricultural Sciences FLORIDA CITRUS INDUSTRY HIGHLIGHTS
More informationPaper Reference IT Principal Learning Information Technology. Level 3 Unit 2: Understanding Organisations
Centre No. Candidate No. Surname Signature Paper Reference(s) IT302/01 Edexcel Principal Learning Information Technology Level 3 Unit 2: Understanding Organisations Wednesday 3 June 2009 Morning Time:
More informationFebruary 2015 Operational case study examination Pre-seen materials. Contents
February 2015 Operational case study examination Contents Page 1. Introduction and overview of Valley Spring 2 2. Financial statements for the year ended 31 December 2014 4 3. Costing schedules for the
More informationNapa County: Wine Business Update
Napa County: Wine Business Update JUNE 21 ST 2017 ROB MCMILLAN, EVP & FOUNDER SILICON VALLEY BANK WINE DIVISION Rob McMillan - Curriculum Vitae Subject matter expert cited in CNBC, LA Times, PBS, Barron
More informationKFC Holdings Japan / 9873
COVERAGE INITIATED ON: 2016.10.31 Shared Research Inc. has produced this report by request from the company discussed in the report. The aim is to provide an owner s manual to investors. We at Shared Research
More informationVintage 2012 New Zealand wine industry benchmarking survey
Vintage 2012 New Zealand wine industry benchmarking survey Publication date: November 2012 A joint publication from Deloitte and New Zealand Winegrowers What though youth gave love and roses, Age still
More informationCoca-Cola beverages bring a refreshing taste to consumers.
Coca-Cola beverages bring a refreshing taste to consumers. BEVERAGES DIVISION DELIVERING REFRESHING SOFT DRINKS Swire Beverages manufactures, markets and distributes refreshing soft drinks to consumers
More informationICE CREAM CONE MAKING
Profile No.: 46 NIC Code: 56103 ICE CREAM CONE MAKING 1. INTRODUCTION: Ice cream cones are a mass consumption item. An ice cream cone, poke or cornet is a dry, cone-shaped pastry, usually made of a wafer
More informationJennie-O Turkey Store. Glenn Leitch Group Vice President President, Jennie-O Turkey Store
Jennie-O Turkey Store Glenn Leitch Group Vice President President, Jennie-O Turkey Store Agenda Industry metrics Impact of avian influenza Brand strength Value added growth Summary Total Industry Live
More informationGrape Growers of Ontario Developing key measures to critically look at the grape and wine industry
Grape Growers of Ontario Developing key measures to critically look at the grape and wine industry March 2012 Background and scope of the project Background The Grape Growers of Ontario GGO is looking
More informationShort Business Plan Outline and Sample- Score Southern NH
Short Business Plan Outline and Sample- Score Southern NH Your Business Main Street, Home, NH Tel 603- Proposed Owner & Operator: March 11, 2009 Executive Summary: What kind of business? What is the specialty
More informationA Timeline and Strategies for Investment in a Winery
A Timeline and Strategies for Investment in a Winery R. Brent Ross Michigan State University Adapted from study by Gomez, M.I. and J. White (2013). A Timeline and Strategies for Investment in a Winery.
More information# VIRGINIA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES JUNE 30, 2015 COST AND PROFITABILITY ANALYSIS
# 301-14-038 VIRGINIA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES JUNE 30, 2015 COST AND PROFITABILITY ANALYSIS OF VIRGINIA VINEYARDS AND WINERIES PRESENTED BY THE VIRGINIA WINE BOARD PREPARED BY:
More informationGLOBAL DAIRY UPDATE KEY DATES MARCH 2017
MARCH 2017 GLOBAL DAIRY UPDATE European milk production decreased for the seventh consecutive month, while the US remains strong. The rate of decline in New Zealand production is easing. US exports continue
More informationThe East Africa Coffee Initiative. Innovations from Rwanda
The East Africa Coffee Initiative Innovations from Rwanda February 9, 2015 The Coffee Initiative is designed to catalyze farmer-led improvements in quality and productivity Sustainability program Agronomy
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationMilk and the coffee powder are the major raw materials for the unit of coffee flavored milk.
1 COFFEE FLAVOURED MILK 1.1 Introduction Since centuries, milk is used for making various products as well as for direct consumption. With the advent of new processing techniques, many products are added
More informationBusiness Update DECEMBER 2018
Business Update DECEMBER 2018 Disclaimer This presentation may contain forward-looking statements and projections. There can be no certainty of outcome in relation to the matters to which the forward-looking
More informationSeeka Limited. Retail Investors March 2019
Seeka Limited Retail Investors March 2019 Orchard-to-market excellence Seeka is an international fresh produce business In Australia Grow, process and market - Kiwifruit - Nashi pears - European pears
More informationTeam Harvard Ecureuils Harvard University
Case Question Team Harvard Ecureuils Harvard University Maxence BODDAERT Jonathan XU Jules THIERY Princeton University Graduate Consulting Club Case Competition 2016 Goals of this presentation Provide
More informationMarket Outlook- Era of Oversupply?
Rabobank Agri Commodity Markets Research Market Outlook- Era of Oversupply? Sintercafe November 9, 20 Keith Flury Senior Commodity Analyst - Agri Commodity Markets Research (ACMR) Food & Agribusiness Research
More informationABN Australian Vintage Limited Full Year Result to 30 June 2018 Profit up 79% and Record Cash Flow
ABN 78 052 179 932 Company Announcements Australian Securities Exchange 29 August 2018 Key Points Australian Vintage Limited Full Year Result to 30 June 2018 Profit up 79% and Record Cash Flow Net Profit
More informationOUR POTENTIAL. Interim Result MARCH 2017
OUR POTENTIAL Interim Result 2017 22 MARCH 2017 Disclaimer This presentation may contain forward-looking statements and projections. There can be no certainty of outcome in relation to the matters to which
More informationMBA 503 Final Project Guidelines and Rubric
MBA 503 Final Project Guidelines and Rubric Overview There are two summative assessments for this course. For your first assessment, you will be objectively assessed by your completion of a series of MyAccountingLab
More information2017 FINANCIAL REVIEW
2017 FINANCIAL REVIEW In addition to activity, strategy, goals, and challenges, survey respondents also provided financial information from 2014, 2015, and 2016. Select results are provided below: 2016
More informationValue increase in the alcohol market
Value increase in the alcohol market Warsaw, June 2018 Get to know AMBRA AMBRA Group is a leading manufacturer, importer and distributor of wines and other alcohol beverages in the Central-Eastern Europe.
More informationFor personal use only
19 October 2016 7TH ANNUAL AUSTRALIAN MICROCAP INVESTMENT CONFERENCE Please find attached an investor presentation provided by Chief Financial Officer Marcel Brandenburg at the 7th Annual Australian Microcap
More informationOverview of the Manganese Industry
39th Annual Conference Istanbul, Turkey 2013 Overview of the Manganese Industry International Manganese Institute Alberto Saavedra Market Research Manager June, 2013 Introduction Global Production Supply,
More informationFinancial results 2014/2015. Strategy and development perspectives
Financial results 2014/2015 Strategy and development perspectives Warsaw, September 2015 1 Agenda Strategy of the AMBRA Group Wine market in Poland Financial results and KPIs for 2014/2015 Development
More informationFor personal use only
7 December 2017 FONTERRA REVISES 2017/18 FORECAST FARMGATE MILK PRICE Fonterra Co-operative Group Limited today reduced its forecast Farmgate Milk Price for the 2017/18 season from $6.75 to $6.40 per kgms
More informationJohn Wilson - Chairman. Fonterra Co-operative Group Ltd. #
John Wilson - Chairman Fonterra Co-operative Group Ltd. # Key highlights FORECAST CASH PAYOUT VOLUME: MILK COLLECTIONS $6.12 6% Forecast Farmgate Milk Price lifted to $5.80 kgms. The full year dividend
More informationThe Stockyard s a Prime Hwy 50 Restaurant and Lounge Established Business w/ Real Estate for Sale
The Stockyard s a Prime Hwy 50 Restaurant and Lounge Established Business w/ Real Estate for Sale 1205 Main Street (Highway 50), Delta, Colorado 81416 DRASTICALLY REDUCED PRICE: $389,000! Includes: Real
More informationTHE UNINTENDED CONSEQUENCES OF PREMIUMIZATION
THE UNINTENDED CONSEQUENCES OF PREMIUMIZATION Erin Kirschenmann, Assistant Editor Wine Business Monthly, Moderator Robert Trone, Co-Owner Total Wine & More Tony Correia, Owner The Correia Company The Premiumization
More informationNapa Valley Vintners Strategic Plan Draft for Member Review November 19, 2014
Napa Valley Vintners Strategic Plan 2015-2017 Draft for Member Review November 19, 2014 Mission: To promote, protect and enhance the Napa Valley appellation. Vision: Through our collective efforts Napa
More informationFinancial Results for the Fiscal Year Ended April 30, 2018
Financial Results for the Fiscal Year Ended April 3, 218 June 218 ITO EN, LTD. INDEX Soft Drink Market in Japan P.1 Results & Forecasts by Category (Non-Consolidated) P.2 Results of Operations FYE April
More informationThe Financing and Growth of Firms in China and India: Evidence from Capital Markets
The Financing and Growth of Firms in China and India: Evidence from Capital Markets Tatiana Didier Sergio Schmukler Dec. 12-13, 2012 NIPFP-DEA-JIMF Conference Macro and Financial Challenges of Emerging
More information