Leader in Premium Wine Market
Founded in 1966; IPO in 1993
$590 million market cap (at $36 per share)
Leading wines at every premium price point
Presence in premium wine regions worldwide
Professional management / experienced board
Notes:
- I’ll start today with a quick overview of Robert Mondavi Corporation.
- It’s been nearly 40 years since Bob Mondavi founded our flagship winery in the Napa Valley, and in the process helped launch the California premium wine industry. In 1993, we took the company public for better access to capital to fund our growth plans. Today our market cap is approximately $590 million, at $36 per share.
- The vision of our company is to enrich life through wine, something Robert Mondavi -- the man and the company -- has always pursued. It’s been a good philosophy and a good business. By producing and selling high-quality, strongly-branded, market-leading wines across the premium spectrum – including Robert Mondavi Winery, Woodbridge, Ornellaia, and Opus One – we have generated better than 10% compound net revenue growth over the past decade.
- Our core brand and the reputation of our entire portfolio is closely linked to the image and reality that Robert created and that the current management team perpetuates.
- We produce wines on four continents, including joint ventures with leading wine families like the Frescobaldi’s in Italy, the Rothschilds of France and the Chadwicks in Chile, as well as with Southcorp in Australia. These ventures give us access to high-quality grapes, regional expertise, and growing wine markets around the world. Our international sales, by the way, are almost 10% of our total, coming primarily from Canada, the European Union and Japan.
- Three of the Mondavis are on the board and they are joined by Greg Evans and six outside directors with deep experience in wine, branded products, luxury goods, and marketing.
- Our new chairman, Ted Hall, spent most of his career at McKinsey, and we also have Sir Anthony Greener, the former chair of Diageo, Adrian Bellamy from Body Shop and Gucci, and John Thompson, an IBM veteran, giving us valuable perspective and guidance as we update our strategy for an increasingly competitive market.