June 24, 2018 6:06 AM ET

Beverages

Company Overview of Andrew Peller Limited

Company Overview

Andrew Peller Limited produces and markets wine, spirits, and wine related products. The company’s principal products include blended table wines, sparkling and fortified wines, and varietal wines, as well as icewines. It offers wines under various trademarks, including Andrés Wines, Andrew Peller Limited, Peller Estates, Trius, Thirty Bench, Red Rooster, Sandhill, Wayne Gretzky Estates, No. 99, Wayne Gretzky Okanagan, Black Hills Estates, Gray Monk Cellars, Calona Vineyards, Raven Conspiracy, Conviction, Domaine D'Or, Hochtaler, French Cross, Royal, Round Petal Wines, XOXO, Black Cellar, Copper Moon, skinnygrape, Unreserved, Rebellion, Panama Jack, No Boats on Sunday, Schloss Laderheim, Fra...

697 South Service Road

Grimsby, ON L3M 4E8

Canada

Founded in 1961

1,398 Employees

Phone:

905-643-4131

Fax:

905-643-4944

Key Executives for Andrew Peller Limited

Chairman & CEO
Total Annual Compensation: C$1.6M
President
Age: 56
Total Annual Compensation: C$381.0K
Interim Chief Financial Officer
Total Annual Compensation: C$114.0K
Executive Vice-President of Operations
Total Annual Compensation: C$390.1K
Compensation as of Fiscal Year 2017.

Andrew Peller Limited Key Developments

Andrew Peller Seeks Acquisitions

Andrew Peller Limited (TSX:ADW.A) seeks acquisitions. The company’s Chairman, and Chief Executive Officer, John E. Peller said, “We’ll continue to monitor acquisitions. There are lots of opportunities in the market these days, and we're focused on making sure any opportunity is the right one at the right place, which is kind of the challenge in all of this, but we expect to be active going forward in the acquisition market. And we're happy that our balance sheet gives us lots of strength to look at these opportunities”.

Andrew Peller Limited Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018

Andrew Peller Limited reported unaudited earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported sales of $79,817,000 against $72,295,000 a year ago. EBITA was $4,279,000 against $5,865,000 a year ago. Adjusted EBITA was $5,740,000 against $5,865,000 a year ago. Adjusted loss was $904,000 against adjusted earnings of $1,859,000 a year ago. Net loss was $1,659,000 against net income of $510,000 a year ago. Loss per basic and diluted share - Class A was $0.04 against earnings per basic and diluted share - Class A of $0.05 a year ago. Loss per basic and diluted share - Class B was $0.03 against earnings per basic and diluted share - Class B $0.04 a year ago. Adjusted loss per basic and diluted share ­ Class A was $0.02 against adjusted earnings per basic and diluted share ­ Class A of $0.05 a year ago. Adjusted loss per basic and diluted share ­ Class B was $0.02 against adjusted earnings per basic and diluted share ­ Class B of $0.04 a year ago. For the full year, the company reported sales of $363,897,000 against $342,606,000 a year ago. EBITA was $52,860,000 against $45,137,000 a year ago. EBITA was $52,860,000 against $45,137,000 a year ago. Adjusted EBITA was $57,225,000 against $46,246,000 a year ago. Adjusted earnings were $29,303,000 against $25,608,000 a year ago. Net income was $30,117,000 against $26,350,000 a year ago. Earnings per share - Class A were $0.71 against $0.64 a year ago. Earnings per share - Class B were $0.62 against $0.55 a year ago. Adjusted earnings per basic and diluted share ­ Class A were $0.69 against $0.62 a year ago. Adjusted earnings per basic and diluted share ­ Class B was $0.60 against $0.54 a year ago. The increase in sales is due to the introduction of new products and new product categories, selective price increases, and the contribution from the acquisition of three estate wineries completed in early October 2017. EBITDA increase in fiscal 2018 was due to the increase in sales across the Company's established distribution network and the improved gross margin, partially offset by the increase in selling and administrative expenses and the reduction in margin related to the three new wineries due to the inventory fair value adjustment charged to cost of sales. For the year ended March 31, 2018, the company generated cash from operating activities, after changes in non- cash working capital items, of $21.7 million compared to $25.6 million in the prior year.

Andrew Peller Limited Announces Dividend for the Year Ended March 31, 2018 Payable on July 6, 2018

On June 6, 2018, Andrew Peller Limited's Board of Directors approved a 13.9% increase in common share dividends for shareholders of record on June 29, 2018 payable on July 6, 2018. The annual dividend on Class A Shares was increased to $0.2050 per share from $0.1800 per share and the dividend on Class B Shares was increased to $0.1783 per share from $0.1565 per share.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 11, 2017
Tinhorn Creek Vineyards Ltd.
Merger/Acquisition
September 11, 2017
Black Hills Estate Winery Inc. and Gray Monk Cellars Ltd.
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