Summary I Strong business model and proactive actions during H1
• Diversified channel mix in each region has enabled Fever-Tree to capture significantincreases in at-home consumption and drive very strong Off-Trade performance and value share gains across multiple territories
• Focus on at-home consumption, driving Off-Trade category growth through retail displays and co-promotions
• Successful roll out of larger pack format in the UK, delivering good growth
• Strong net cash position enables the Group to remain focused on the long-term opportunity
• Good position to support our various customers and partners during the crisis
• Maintaining opex at c.£60m for FY20 with a focus on the long-term opportunity
• Redeployed A&P investment into retail channels, online, and above the line
• Acquisition of GDP in Germany signifies our long-term commitment in this market
• Successfully launched new Premium Soda range in the UK to cater to a broad range of mixing occasions, and Sparkling Pink Grapefruit in the US, tailored to the tequila mixer opportunity
Summary I Confidence in the long-term opportunity
Spirits consistently outpace beer and wine, with premium spirits growing most strongly. Within soft drinks, mixer growth is also strong.
Fever-Tree has generated 22% of worldwide incremental mixers dollars since 2012, far surpassing any other premium brand2
Global volume CAGR, 2015-20191
Retail sales growth, 2012-20192 CAGR
BeerWineValue / low price spirits
50%Alcohol
0%
-0.1%
29%
ColaCarbonates Lemonade
0.5%
-0.10%
-0.10%
MixersPremium Mixers
Fever-Tree
Sources: 1IWSR and Euromonitor; 2Euromonitor
Trend to long mixed drinks continues
Outperforming the competition
Mixers and soft drinks
-5.1%
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Fevertree Drinks plc published this content on 08 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2020 09:09:02 UTC
Fevertree Drinks PLC is a United Kingdom-based supplier of carbonated mixers for alcoholic spirits. All of its mixers sold in the United Kingdom are carbon neutral. Its products include Premium Indian Tonic, Flavoured Tonics, Ginger Ales, Ginger Beers & Colas, Lemonades, Sodas, Adult Soft Drinks and Cocktail Mixers. Its mixers include Margarita Mixer, Espresso Martini, Mojito Mixer, Premium Indian Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Premium Soda Water, Raspberry & Orange Blossom Soda, Mexican Lime Soda, Ginger Beer, Ginger ALE, Spiced Orange Ginger ALE, Sicilian Lemonade and others. It distributes its products in over 85 countries internationally. It sells its products to a range of markets, such as the United Kingdom, the United States, Europe, and the rest of the world. The Company's subsidiaries include Fevertree Limited, Fevertree UK Limited, Fevertree Europe Limited, Fevertree ROW Limited, Fevertree Germany Limited and others.