Full Year 2022 Endeavour Group Ltd Earnings Call Transcript - Thomson StreetEvents

Full Year 2022 Endeavour Group Ltd Earnings Call Transcript

Full Year 2022 Endeavour Group Ltd Earnings Call Transcript - Thomson StreetEvents
Full Year 2022 Endeavour Group Ltd Earnings Call Transcript
Published Aug 23, 2022
21 pages (12901 words) — Published Aug 23, 2022
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Abstract:

Edited Transcript of EDV.AX earnings conference call or presentation 23-Aug-22 12:30am GMT

  
Brief Excerpt:

...Thanks, and good morning, everybody. I appreciate you all joining us for Endeavour Group's Financial Year 2022 Results Announcement. As mentioned, I'm Steve Donohue, and I'm the Group CEO and Managing Director for Endeavour Group. And I'm joined today by Shane Gannon, our Chief Financial Officer. I'd like to begin by acknowledging the Gadigal people of the Eora nation as the traditional custodians of the land on which we gathered today and pay my respects to their elders past and present. I also extend that acknowledgment and respect to any Aboriginal and Torres Strait Islander people listening in today. Before I step through some of the details of our results, I wanted to just take a moment to acknowledge that it was a really tough year, not just for us at Endeavour Group but actually for everybody throughout Australia. We had a continuation of the COVID-19 pandemic, which brought the challenges of further lockdowns and restrictions. And on top of that, we had devastating floods. And for...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Endeavour Group Ltd
Ticker
EDV.AX
Time
12:30am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Shaun Robert Cousins - UBS Investment Bank, Research Division - Analyst : Just a -- questions on retail gross margins. Can you just talk a little bit about where you're seeing the benefits of ongoing Pinnacle penetration, ongoing premiumization, some of those seem to be offset by promotion. So can you just sort of dig into those? Do you think premiumization will continue when the consumer faces a higher cost of living and are promotions back at where they were pre-COVID? Or is there still some work to do, please?

Question: Shaun Robert Cousins - UBS Investment Bank, Research Division - Analyst : Great. And maybe just a follow-up on the cash flow. It's -- has all of the pay remediation cash outflow that weighed on your cash conversion in fiscal '22? Has all of that been paid out? Or could that impact reported or impact your operating cash flows for fiscal '23, please?

Question: Shaun Robert Cousins - UBS Investment Bank, Research Division - Analyst : So that should weigh on cash flow in first half '23.

Question: Ross Curran - Macquarie Research - Analyst : Just a quick question about the remuneration report. So the Board has failed you on customer VOC, sizing issues with deliveries and distribution in the first half. It seems that it's improved in the second half, but is that extra investment in the second half hardly to explain what the margins vary between first and second half?

Question: Ross Curran - Macquarie Research - Analyst : And just on VOC and just a follow-up. Are you able to talk through staff absenteeism through July and August, how that split?

Question: Thomas Kierath - Barrenjoey Markets Pty Limited, Research Division - Analyst : Just looking at the disclosure on your payments to Woolies. It looks like it's up about $80 million in the year. Can you just give us a breakdown of how that compared first half versus second half in terms of the growth rate? Just trying to understand this uptick in the supply chain costs and where that's kind of going to?

Table Of Contents

Q3 2023 Endeavour Group Ltd Trading Update Call Transcript – 2023-05-01 – US$ 54.00 – Edited Transcript of EDV.AX event 1-May-23 10:00pm GMT

Half Year 2023 Endeavour Group Ltd Earnings Call Transcript – 2023-02-12 – US$ 54.00 – Edited Transcript of EDV.AX earnings conference call or presentation 12-Feb-23 11:30pm GMT

Endeavour Group Ltd Annual Shareholders Meeting Transcript – 2022-10-17 – US$ 54.00 – Edited Transcript of EDV.AX shareholder or annual meeting 17-Oct-22 10:00pm GMT

Q1 2023 Endeavour Group Ltd Trading Statement Call Transcript – 2022-10-16 – US$ 54.00 – Edited Transcript of EDV.AX sales update conference call or presentation 16-Oct-22 10:00pm GMT

Full Year 2022 Endeavour Group Ltd Earnings Call Transcript – 2022-08-23 – US$ 54.00 – Edited Transcript of EDV.AX earnings conference call or presentation 23-Aug-22 10:59am GMT

Half Year 2022 Endeavour Group Ltd Earnings Call Transcript – 2022-02-21 – US$ 54.00 – Edited Transcript of EDV.AX earnings conference call or presentation 21-Feb-22 10:59am GMT

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Thomson StreetEvents. "Full Year 2022 Endeavour Group Ltd Earnings Call Transcript" Aug 23, 2022. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2022-Endeavour-Group-Ltd-Earnings-Call-T15317615>
  
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Thomson StreetEvents. (2022). Full Year 2022 Endeavour Group Ltd Earnings Call Transcript Aug 23, 2022. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2022-Endeavour-Group-Ltd-Earnings-Call-T15317615>
  
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