Ann: Progress Update Q2 FY19 and H1 FY19, page-4

...”The business has recorded a positive second quarter of FY19, lifting sales of our proprietary brands (including Matso’s) by 54% compared to the same quarter in the previous year. The uplift in sales was primarily driven by a 27% increase in sales to the independent retail channel and a 38% increase draught keg sales, which excludes keg sales to Optus Stadium. The addition of the recently acquired Matso’s brands has also contributed to the result.




2nd QTR FY19 HIGHLIGHTS (3 MONTHS)
• Proprietary brand sales 58% of overall sales mix*
• GRB brand sales to independent retailers up 27%*
• Gage Roads draught sales up 38%*
• Total proprietary brands volume (incl. Matso’s) up 54%* *in comparison to Q2 FY18

H1 FY19 HIGHLIGHTS (6 MONTHS)
• Proprietary brand sales 62% of overall sales mix^
• GRB brand sales to independent retailers up 64%^
• Gage Roads draught sales up 69%^
• Total proprietary brands volume (incl. Matso’s) up 96%^
• Unaudited gross profit 68% (H1 FY18: 59%)
• Unaudited H1 FY19 EBITDA of $2.1 million up 59% (H1 FY18: $1.3m)
• Filled key sales management roles in WA and on the east coast
• First year of Optus Stadium contract complete, over 1 million litres sold ^in comparison to H1 FY18”



This all seems to be bubbling along nicely .
Their five year plan continues sound
Thank you Gage Roads