Full Year 2023 Treasury Wine Estates Ltd Earnings Call Transcript

Feb 15, 2024

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Aug 15, 2023 / 12:00AM GMT
Operator

Thank you for standing by, and welcome to the Treasury Wine Estates FY '23 Full Year Results. (Operator Instructions) I would now like to hand the conference over to Mr. Tim Ford, Chief Executive Officer. Please go ahead.

Timothy Ford - Treasury Wine Estates Limited - CEO, MD & Director

Thank you, and good morning. Thanks for joining the TWE 2023 Full Year Results Briefing. Joining me today on the call is per normal members of our leadership team, Matt Young, our CFO; Tom King, the Managing Director of Penfolds; Ben Dollard, President of Treasury, Americas; and Pete Neilson, the Managing Director of TPB.

I'm pleased to announce today our results for fiscal '23, a year where we delivered margin accretive earnings growth built on our already strong platforms for Luxury wine growth with Penfolds globally and also without the United States portfolio and made significant progress in the strengthening of our operating model for the future.

EBITS increased 11% to $583.5 million in the year, and we grew EBITS margin by 2.9 percentage points to 24

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