Endeavour Group Ltd
ASX:EDV

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Endeavour Group Ltd
ASX:EDV
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Price: 3.705 AUD 0.14% Market Closed
Market Cap: 6.7B AUD

Endeavour Group Ltd
Investor Relations

Endeavour Group Ltd, a leading name in Australia's retail and hospitality landscape, emerged in 2021 as a standalone entity spun off from the iconic Woolworths Group. The company quickly claimed its stake in the market through a robust portfolio, with its operations spread across retail liquor, hotels, and gaming. Endeavour's retail liquor segment, a powerhouse responsible for a significant portion of its revenue, comprises well-known brands like Dan Murphy's and BWS, offering an extensive range of alcoholic beverages. These brands resonate with consumers through competitive pricing, broad selection, and strategic locations that ensure accessibility and convenience.

Beyond retail, Endeavour's hotel operations position the company as a key player in Australia's hospitality industry. Operating an array of venues that combine dining, gaming, and accommodation services, Endeavour captures diverse customer segments seeking recreational and social experiences. These hospitality services are supplemented by the gaming segment, which not only enhances the appeal of their hotel venues but also serves as a crucial revenue contributor. Through integrating these segments, Endeavour Group leverages synergy across its businesses, driving growth and fortifying its market position in a competitive landscape. With a strategic focus on consumer trends and operational efficiency, the company continuously seeks to expand its footprint and refine its offerings to align with evolving customer demands.

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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Aug 26, 2024
AI Summary
Q4 2024

Resilient Performance: Endeavour Group delivered record sales and EBIT in FY24 despite challenging trading conditions and inflationary pressures.

Cost Optimization: The company achieved AUD 100 million in savings through its endeavourGO program, mainly in retail, with ongoing focus on cost discipline.

Margin Expansion: Gross profit margins expanded in both retail and hotels, helped by product innovation and AI-driven pricing and promotions.

Strong Cash Flow: Net operating cash flow was AUD 1.2 billion, with improved working capital and reduced net debt by AUD 55 million.

Dividend Maintained: The full year dividend was held steady at AUD 0.218, totaling AUD 390 million paid to shareholders.

CapEx Guidance: FY25 total capital expenditure expected between AUD 450 million and AUD 500 million, with increased investment in hotel renewals.

Outlook & Guidance: Early FY25 trading shows improved sales momentum; company remains confident in achieving its target of 10%+ shareholder value growth from FY26.

Market Share Gains: Endeavour grew market share in retail every month of FY24, especially accelerating in the second half.

Key Financials
Sales Growth
3.6%
Sales Growth (52-week basis)
1.8%
Operating EBIT Growth (52-week basis)
3.4%
Operating EBIT Growth (Retail, 52-week basis)
4.7%
EBIT Margin (Retail)
Up 20 bps
Operating EBIT Growth (Hotels, 52-week basis)
1.8%
Net Operating Cash Flow
AUD 1.2 billion
Cash Realization
108%
Net Debt Reduction
AUD 55 million
Finance Costs
AUD 306 million
Dividend
AUD 0.218 per share
Total Dividend Paid
AUD 390 million
Total Dividends (since demerger)
Nearly AUD 1.3 billion
CapEx
AUD 446 million
One Endeavour Operating Costs
AUD 45 million
One Endeavour CapEx
AUD 33 million
Market Share
Grew every month in FY24
Dan Murphy's Active Members
5.4 million
Dan Murphy's My Dan's Scan Rate
83%
Pinnacle Drinks Retail Sales
AUD 1.8 billion
Pinnacle Dorrien Winery Capacity
Increased from 12,000 to 20,000 tonnes
EndeavourGO Cost Savings (FY24)
AUD 100 million
Active App Users
12% increase
Retail Digitally Influenced Sales
growing
Cash Realization Rate
108%
Undrawn Debt Facilities
AUD 670 million
Weighted Average Debt Maturity
3.8 years
F '25 Early Trading Sales Growth (Retail)
0.61% up in first 7 weeks
F '25 Early Trading Sales Growth (Hotels)
2% up in first 7 weeks
Team Engagement Score
72%
Earnings Call Recording
Other Earnings Calls
2024
2023

Management

Mr. Steve Donohue
MD, CEO & Director
No Bio Available
Ms. Kate Beattie
Chief Financial Officer
No Bio Available
Mr. Scott Davidson
Managing Director of BWS
No Bio Available
Ms. Agnieszka Pfeiffer-Smith
Managing Director of Dan Murphy's
No Bio Available
Mr. Paul Walton
Managing Director of Hotels
No Bio Available
Ms. Claire Smith
Chief Information Officer
No Bio Available
Mr. Sean O'Sullivan
General Manager of Investor Relations
No Bio Available
Mr. Peter Atkin
Chief Legal Officer
No Bio Available
Ms. Jo Rose
Chief Marketing Officer
No Bio Available
Ms. Alison Merner
Chief People Officer
No Bio Available

Contacts

Address
NEW SOUTH WALES
26 Waterloo St, Surry Hills
Contacts