ANNUAL REPORT 2014 Contents 04 Governance & Organisation 05 Strategy & Perspectives 06 Key figures 08 Environmental and social policy 09 Sites 10 Laroche 12 Jeanjean 14 Cazes 16 Ogier 18 Gassier 20 Rigal 22 Antoine Moueix 24 L'Avenir 26 Our Joint Venture Casablanca 27 AdVini Distribution 28 Le Club Français du Vin 29 Les Impressions de l’Enclos & les Transports Lodéziens 30 News and Press Advini - Simplified annual report 2014 [2/3 ] Governance Strategy and perspectives as at 31 December 2014 Executive Board Growth in sales and development of brand awareness for every label and vineyard. Antoine Leccia, CEO Philippe Jeanjean (*) Raymond Plantade • The product range improvement was accelerated in 2014 with growth well above the market average for our estate brand wines, giving a strong increase in gross margins. Supervisory Board Bernard Jeanjean, President Brigitte Jeanjean (*) Frédéric Jeanjean (*) Vincent Rieu Marie-Elisabeth Plantade Pierre Guénant Antoine Gédouin (*) (*) From 4 June 2014 Censor Agro Invest, represented by Olivier Guize and Laurent Roquette. • Numerous events contributed to the development of awareness of our estate wines: Chorégies d’Orange, Longines Masters Hong Kong, Jazz à Sète, … [ AdVini Shareholders ] Consolidation of the AdVini distribution network as at 31 December 2014 3.5% Internal control 46.4% Management 4% Floatting Jeanjean family 46.1% Organisation ]An organisation turned towards the creation of value and its markets] Support services Distribution and Marketing Networks Administrative and Financial Human Resources Operations Director Retail Distribution Traditional Distribution Export BtoC Strategic Marketing and Communication Directorate Internal Audit, Legal and Governance Directorate ON CHR (Independent and Chains) Collective catering Hotel chains OFF • The team is today 103 strong throughout France and the ten international subsidiaries and offices. In 2014, this network was improved through participation in an importer-distributor business in Japan. AdVini Asia was created in Hong Kong and the process of creation of the WFOE in Shanghai should be completed during the first half of 2015. • Furthermore, the acquisition of the Club Français du Vin marks the acceleration of AdVini's development on the BtoC (Business to Consumer) circuit which will take advantage of the Clb's expertise combined with the network of AdVini boutiques and the remarkable locations at our disposal which form the base of a wine-tourism offer. ADVINI, FEDERATOR IN THE SECTOR • In a highly divided sector since the year 2000, AdVini has developed a significant level of skill in rapidly integrating selected external growth objectives and also establishing partnerships and strategic distribution agreements. • AdVini aims to maintain this strategic approach through continuing to consolidate its distribution networks and developing an innovative BtoC offer, adding value to its brands and estates and maintaining a position of being able to carry out major external development operations. AdVini is confidendtly anticipating a new year of growth for its business activities and results. (Supermarkets) Estates Advini - Simplified annual report 2014 [4/5 ] Key figures 2014 [ Simplified consolidated balance sheet (Me) ] ASSETS 2014 2013 Liabilities 2014 2013 Non current assets 106.3 102.8 Total equity capital 67.6 63 tangible assets 79.6 78.8 Attributable income 4.6 3.3 intangible assets 19.4 17.4 Non current liabilities 38.1 38.0 financial assets 0.8 0.7 debt due within one year 21.6 21.5 goodwill 3.5 3.5 deferred tax liabilities 13.8 14.3 Current assets 132.5 122.3 stocks 67.8 61.1 Current liabilities receivables 48.7 47.5 other creditors 14.4 12.6 treasury Total assets 1.6 1.1 238.9 225.0 provisions 2.6 2.1 133.2 124.0 debt due within one year 71.8 66.6 suppliers and accruals 42.0 42.0 other liabilities Total LIABILITIES 2,071 hectares of quality controlled vineyards, of which 505 are owned by the company Breakdown of sales 2014 17.7 15.2 238.9 225.0 A wide ranging, high quality offer for all networks [ Income statement [ Breakdown of vineyards owned or per Family of Wines ] controlled: 2 071 hectares ] 29% IGP France AOP France 4.3% 6.2% 60.5% Foreign wines French wines 610 Partnership 199 Jeanjean family 267 Long term agricultural lease Long term contract 490 Wholly owned 505 [ Simplified consolidated income statement ] In mE 2014 2013 Sales Purchases consumed Margin Gross margin ratio EBITDA Operating income Cost of gross financial debt Other financial income and charges Tax Equity affiliates Net income from operations Net result - attributable income 227.7 -147.6 80.1 35.2% 15.1 8.1 -1.7 0 -1.8 0.1 4.7 4.6 222.7 -147 75.7 34% 13.1 5.9 -1.8 0.1 -0.9 0.0 3.3 3.3 Var. 2% 0% 6% 15% 37% -6% -100% 100% 42% 43% [ Breakdown of income per distribution [ Detail of the 505 hectares of vineyards network ] fully owned by the company ] 18% 38% CHR Trad. France 132 ha GD France +Benelux 44% Export 42 ha Provence 25 ha Roussillon 9 ha Bordeaux 57 ha Chablis 57 ha South Africa 30 ha Languedoc Chile* Rhône 154 ha * Joint Venture with Santa Carolina [ Breakdown of income per origin ] [ Cash flow ] 2014 2013 Cash flow before cost of debt and taxation WCR variation Cash flow generated by the activity 14.2 -8.2 5.1 13.7 2.1 15.1 Treasury related to investment operations -6.3 -6.2 Treasury related to financing operations Net cash flow variation -3.3 -4.5 -6.4 2.7 In ME Comments on the 2014 accounts are available in the financial report at www.advini.com, under the Finance section. 9% 9.2% 4.3% 7.2% 8.5% Sud Ouest Rhône 14.2% Bordeaux International Chablis Provence Languedoc 44.5% Roussillon 3.2% Advini - Simplified annual report 2014 [6/7 ] Environmental and social policy: an ongoing and continuous commitment Sustainable mindset and initiatives. the development same All a with Development dedicated values Charter. to and AdVini: the a 7 objectives... same objectives corporate culture, and commitment, into every Our geographic locations a concrete integrating mission 7 Wine estates in France 2 vineyards abroad South Africa & Chile as detailed in our Sustainable Development charter "Take care". In our vineyards and wineries: thanks to AdVini's involvement in the AgroSys To improve our practices in all areas of our activities, Business Chair at Montpellier SupAgro. This link we follow a policy of Sustainable Agriculture. We aim to ensure that our working environment is maintained at its optimal quality, we control water and energy consumption, take measures towards water enabled numerous projects on sustainable viticulture addressing vine related issues to be developed, integrating both students and technicians from the group. protection and pollution prevention from plant care products and fertilisers, we control waste disposal procedures and take steps to protect biodiversity. Some of our initiatives: - In order to pursue continuous improvement in our understanding of our wine making environments, we have developed a methodology for modelling and managing inter and intra-parcel variability for our vineyards. - On the basis of environmental diagnoses, carried out to evaluate the impact of our activities on the environment, we deploy action plans in each of our vineyards and production sites. Daily and centralised update of environmental indicators covering the whole group. And also... Improvement initiatives for all the other objectives on the Sustainable Development Charter based on measurable indicators. The face of AdVini is changing. It combines traditional skills and a modern approach relayed throughout all our subsidiaries via a coherent strategy serving our clients, our employees and our partners: it is based on the commitment of our teams, on the quality of our wines and the originality of our terroirs: our Vineyards and our People! - Individual experience is pooled though working groups on vine cultivation and wine making. An annual meeting is held to review the projects carried out by each group. The fourth "AdVini Viti-Oeno Symposium" was held last December. - A link with the education and research sector was consolidated Advini - Simplified annual report 2014 [8/9 ] Laroche, The Art of Senses See, Feel, Reveal Thierry BELLICAUD Chairman Established in 1850 The Laroche estate dates back to 1850. It is intertwined with the history of Chablis itself, of which the identification of the best areas for vineyards and the development of vine cultivation methods adapted to the region’s occasionally harsh climate are the founding elements. The introduction of modern winery facilities enabled Domaine Laroche to fully enhance the region's pure, mineral profile through high precision processes which preserve the intrinsic quality of the fruit. In every sector, Domaine Laroche has been a pioneer. The key factor to success over the past 20 years has been the identification of the very best wine making environments: first of all in the Languedoc with Mas La Chevalière. Our belief: by placing great importance in ecological balance, Laroche aims to optimise its vineyards and ensure their long term protection. In order to ensure that a wine fully expresses its origins it is essential to work hand in hand with nature. Key events nDomaine Laroche, Best French Winery of the Year, IWSC 2014. nDomaine Laroche, Progress this year, 4 B&S, Guide Bettane et Desseauve 2015. nLaroche has renewed its partnership with the Musée d'Orsay nReopening of the restaurant in Chablis with partners Fabien Espana, and the chef Ryo Nagahama, now named "Au Fil du Zinc", already listed as BIB gourmand on the Michelin Guide. Our objective: - Share the soul of Domaine Laroche in Chablis through our heritage which is the Obedience of Chablis, a temple of wine making since the Middle Ages. We continue to make and mature our premier and grand cru wines in the 9th century cellars, for distribution to the finest tables in the world. - Pursue the promotion of Mas La Chevalière in the Languedoc, with even more details on our technical approach. - Develop awareness of the Laroche brand, notably in the retail sector. VINEYARDS OWNED BY THE COMPANY AND ASSOCIATED n Domaine Laroche (Chablis Grands Crus, Chablis Premiers crus, Chablis) n Mas La Chevalière (White and Red AOP Languedoc) Key figures Income IFRS Sale of merchandise 24.7 ME DISTRIBUTION 20% TRAD / 80% EXPORT Vineyards 90 hectares in Chablis 40 hectares in the Languedoc 22 rue Louis Bro BP33 - 89800 CHABLIS - Tel.: (33) 03 86 42 89 00 - Fax: (33) 03 86 42 89 29 - www.larochewines.com Advini - Simplified annual report 2014 [10/11 ] Jeanjean, secrets of the Languedoc Laurent LECHAT Executive Director Established in 1870 Since 1870 Jeanjean has never ceased to promote the very best of the Languedoc. The Jeanjean vineyards represent a team's and family's dedication, devotion and expertise, all geared to providing the most noble expression of the Languedoc terroirs. Brigitte Jeanjean Director Vignobles Jeanjean Key events Key figures nTwo Jeanjean wines scored 90 points in the Wine Advocate, the famous review created by Robert Parker. These are Domaine le Pive rosé 2013 and Mas de Lunès Grès de Montpellier 2011. Income IFRS Sale of merchandise 95.5 ME In order to optimise this expression, all the company's vineyards are currently either organically farmed or undergoing conversion. Not only do we aim to protect individuals and our natural heritage but such an approach requires much stricter observation and precision, representing a further commitment to quality. VINEYARDS OWNED BY THE COMPANY AND ASSOCIATES Mas de Lunès (Grès de Montpellier) Devois des Agneaux (Languedoc) Domaine de Fenouillet (Faugères) Domaine du Mas Neuf (Muscat de Mireval) Domaine Le Pive (Sable de Camargue) Domaine du Landeyran (Saint-Chinian and SaintChinian Roquebrun) n Domaine du Causse d'Arboras (Terrasses du Larzac) n n n n n n DISTRIBUTION 20% TRAD / 55% RETAIL / 25% EXPORT Vineyards 373 ha BP1 - 34725 SAINT FÉLIX DE LODEZ - Tel. (33) 04 67 88 80 00 - Fax : (33) 04 67 96 65 67 www.jeanjean.fr Advini - Simplified annual report 2014 [12/13 ] Cazes, pioneering wine makers in the Roussillon Lionel LAVAIL Chairman Date of creation 1895 Generations of winemakers have worked at the Cazes estate but the spirit of the winemaker working closely with the land has never changed. Today the 220 hectare estate is entirely farmed following biodynamic principles. Cazes is a pioneer in this sector and considered as a reference in the French winemaking sector. Its approach is based on total respect for the vines and the people working them. The creation of sweet fortified wines full of character which are present on the most prestigious tables around the world is another art form which Cazes has been crafting for over a century, with unrivalled consistency and quality. In 2012, through the acquisition of LES CLOS DE PAULILLES, a superb 90 hectare estate between Banyuls and Collioure,with a fully renovated winery, a wine shop and Key events Key figures n Strengthening of the Canon du Maréchal range with the launch of a unique bottle shape evoking elegance and innovation, signed by Cazes. nStrengthening of the offer with the creation of a new AOP Côtes du Roussillon wine (organic and biodynamic certified): HOMMAGE, a vintage in tribute to Maréchal Joffre, native of the Roussillon, whose vines were taken over by the Cazes family in 1927. n Cazes wines acclaimed the world over: Rivesaltes 1932: 97/100 Wine Advocate – Cuvée aimé cazes: 95/100 Wine Advocate – Le Credo (CRV): 91/100 Wine Advocate and Wine Spectator - Les Clos de Paulilles collioure white: 90/100 Wine Advocate. Income IFRS Sale of merchandise 6.8 ME its engagement in developing the wine tourism activity (awarded national 1st prize for wine tourism in 2010). VINEYARDS OWNED BY THE COMPANY AND ASSOCIATED n Domaine Cazes: 100% Biodynamic - Natural sweet wines: Muscat de Rivesaltes and Rivesaltes - Dry wines: Côtes du Roussillon, Côtes du Roussillon Villages, Vin de pays des Côtes Catalanes n Les Clos de Paulilles: Collioure, Banyuls n Collioure, Maury, Fitou, Latour de France a restaurant on the water's edge, Maison CAZES confirmed its commitment to on of the most beautiful and picturesque French vineyards and its desire to invest in the Roussillon wherever the soils nourish the best vines and grapes, such as Maury and Latour de France, not to mention DISTRIBUTION 54% TRAD / 20% RETAIL / 26% EXPORT Vineyards 283 hectares 4 rue Francisco Ferrer - BP 61 - 66602 RIVESALTES - Tel.: (33) 04 68 64 08 26 - Fax: (33) 04 68 64 69 79 - www.cazes-rivesaltes.com Advini - Simplified annual report 2014 [14/15 ] Ogier, A Signature of Excellence in the Rhone Valley Jean-Pierre DURAND Chairman Established in 1859 François MIQUEL Executive Director Ogier, established in 1859, is located in Châteauneufdu-Pape in the heart of the most famous and celebrated appellation in the southern Rhône Valley. VINEYARDS OWNED BY THE COMPANY AND ASSOCIATES Its watchword is the protection and promotion of this unique land. In order to communicate the exceptional qualities of this wine making environment, Ogier uses controlled vinification methods and subtle maturing processes, in its centennial cellars. n Domaine Notre Dame du Cousignac 100% Bio (Côtes Ogier consequently makes wines which offer a combination of purity of fruit, freshness and depth. Key events Key figures n New identity for the Notre-Dame de Cousignac estate, France and Export n14th year of the partnership with the Chorégies d'Orange festival Temporary exhibition by the painter, Nathalie Verdier nChorégies du Clos de l’Oratoire des Papes Red 93+ Parker Income IFRS Sale of merchandise 30.5 ME n Clos de l’Oratoire des Papes (Châteauneuf-du-Pape) du Rhône, Côtes du Rhône Villages, Côtes du Vivarais, Vins de Pays de l’Ardèche) n Partnerships over several harvest years (throughout the Rhône Valley) n Domaine de la Ferme de l’Etang (Courthezon) DISTRIBUTION 19% TRAD / 34% RETAIL / 47% EXPORT Vineyards 87.5 ha 10 avenue Louis Pasteur - BP 75 - 84232 Châteauneuf-du-pape - Tel. (33) 04 90 39 32 32 - Fax: (33) 04 90 83 72 51 Advini - Simplified annual report 2014 [16/17 ] Gassier, when Provence shines Olivier SOUVELAIN Chairman Established in 2004 Château Gassier is located in the heart of the Cru Sainte Victoire sector of the Côtes de Provence appellation. The 40 hectares of vines under conversion to organic farming are surrounded to the north by Mont Sainte Victoire, to the south by the Sainte Baume Massif and to the east by the Auréliens hills. A unique setting for this vineyard. The vineyard lies less than 30km from the Mediterranean sea in a semi-continental climate protected by the surrounding hills, an ideal environment for vines. Château Gassier makes beautifully balanced rosé wines which offer great finesse. Key events nLaunch of the Château Gassier wine tourism offer: inauguration of a wine trail in partnership with the Sainte-Victoire tourism body and on open-air big screen cinema on the estate. nDevelopment of larger bottles exclusive to Château Beaulieu and Château Gassier cuvée 946 Grand Vin. n946 Grand Vin confirms its presence on the finest tables in France and abroad (Peninsula Paris, Majestic Cannes, Vague d’Or Saint-Tropez, Lio Ibiza, etc). VINEYARDS OWNED BY THE COMPANY AND ASSOCIATES n Château Gassier (Côtes de Provence, Côtes de Provence Sainte Victoire) n Château Beaulieu (Coteaux d’Aix en Provence) n Domaine du Valdaray (Bandol) n Abbaye de St Hilaire (Coteaux Varois en Provence) n Château Mentone cuvée spéciale (Côtes de Provence) Key figures Income IFRS Sale of merchandise 18.2 ME DISTRIBUTION 13% TRAD / 68% RETAIL / 19% EXPORT Vineyards 400 ha 13114 PUYLOUBIER - Tel.: (33) 04 42 66 38 74 - Fax: (33) 04 42 66 38 77 - www.chateau-gassier.fr Advini - Simplified annual report 2014 [18/19 ] Rigal, a history of original and colourful wines from the South West Marc Lecomte Chairman Established in 1755 Rigal has deep roots in the Cahors area and over the generations has developed unique skill and knowledge of the Malbec grape, the exceptional variety which is actually from the Lot. Further to this, the estate has extended its reach to other fine wines and other grape varieties which it today presents in a full range of South West France wines carrying the Rigal signature. Key events Key figures n RIGAL continues to confirm its position as a reference in French Malbec: over twenty medals awarded in French and international competitions for its AOC and IGP Malbec wines, signed by RIGAL. Income IFRS Sale of merchandise 19.2 ME n A new, exclusive partnership with Château de Chambert, the largest biodynamic vineyard in the south-west and historic reference in Cahors, acknowledged for its vibrant Malbecs full of finesse and elegance (95/100 Decanter – "Outstanding" Dec 2014). VINEYARDS OWNED BY THE COMPANY AND ASSOCIATES n Château Saint Didier - Parnac (Cahors) n Château de Rouffiac (Cahors) n Château Bovila (Cahors) n Château de Rouffiac (Cahors) DISTRIBUTION 8% TRAD / 71% RETAIL / 21% EXPORT Vineyards 135 ha Château Saint Didier Parnac - 46140 PARNAC - Tel.: (33) 05 65 30 70 10 - Fax: (33) 05 65 20 16 24 - www.rigal.fr Advini - Simplified annual report 2014 [20/21 ] Antoine Moueix, Craftsman from the hillsides of Saint Emilion to the gravels of the Médoc Marc Lecomte Chairman Established in 1902 Antoine Moueix was one of the first estates on the Right Bank, established in Saint Emilion in 1902, in the heart of a vineyard reputed for the finesse and elegance of its wines. Under the AdVini banner since 2006, it is today a dynamic player in the Bordeaux region, including on the Left Bank where it heads some 8 Cru Bourgeois estates. VINEYARDS OWNED BY THE COMPANY AND ASSOCIATES n Château Grand Renom (Bordeaux, Bordeaux Supérieur) n Château Capet Guillier and Château Tour de Capet (Saint Emilion Grand Cru) n Château Hanteillan and Château Laborde (Haut-Medoc, Crus Bourgeois) n Château Patache D’Aux, Médoc, Cru Bourgeois n Château Liversan, Haut-Médoc, Cru Bourgeois nChâteau Lacombe Noaillac, Médoc, Cru Bourgeois n Château Lieujean, Haut-Médoc, Cru Bourgois n Château Fonpiqueyre, Haut-Médoc, Cru Bourgeois n Château Leboscq, Médoc, Cru Bourgeois Key events Key figures n Entry into the capital and takeover of the Domaines Lapalu distirbution activity, representing 7 Cru Bouregois estates in the Médoc and Haut-Médoc appellations, including Château Patache d'Aux, the emblematic estate of northern Médoc. Antoine Moueix now manages over 300 hectares of Estate & Châteaux wines, on both banks of the Gironde. n Strengthening of our partnership with the Equestrian Master (Paris & Honk Kong), with orientation towards the estates: new partnerships with estates from the Group on the Gucci Paris Masters (Vignobles Jeanjean, Domaine Laroche, Maison Rigal et Domaine Cazes) and focus on Château Patache d’Aux and Château D’Hanteilan at the Longines Hong Kong Masters. n Packaging tool improvement with completion of ISO 14001 certification after the BRC and IFS certificates. Income IFRS Sale of merchandise 19.7 ME DISTRIBUTION 17% TRAD / 46% RETAIL / 37% EXPORT Vineyards 385 ha Route du Milieu - BP40 100 - 33330 SAINT-EMILION - Tel.: (33) 05 57 55 58 00 - Fax: (33) 05 57 74 18 47 Advini - Simplified annual report 2014 [22/23 ] L’Avenir, Back to the Future Naretha Ricome Managing Director Established in 1912 Renaissance in 2013 IDEAL LOCATION HÉRITAGE The golden triangle is the oldest and largest wine making region in South Africa with some 100,000 hectares of prestigious vineyards distributed by Stellenbosch, Paarl and Franschoek. L'Avenir is located within the golden triangle. L’Avenir is the oldest wine estate in Stellenbosch dédicated to Pinotage. François Naude, the former wine maker at L’Avenir, considered as the "father of Pinotage", is advisor to Dirk Coetzee, the current wine maker. AdVini and L’Avenir have been working hand in hand to improve this estate through proven skills and deep respect of the environment, its inhabitants and the history of the area. PRESTIGE L’Avenir has won the ASBA TOP 10 PINOTAGE trophy eight times. The Pinotage produced by the estate has won more medals than any other wine in South Africa. In 2014, PLATTER gave L’Avenir 4.5 stars for Single Block and 4 stars for Provenance, a nearly perfect score from one of the country's leading wine critics. Host of the annual Woordtrofees ceremony organised by KYKNET. TERROIR Key events Key figures n An estate which has been totally transformed in less than 2 years: the team, the wine and cellar. n A medal winning quality of wine, often acclaimed by South African critics. n An estate which has maintained its historic qualities and which is in a position to recover its position of LEADER "Back to the future". n The work carried out in 2014 in South Africa will begin to bear fruit in 2015. Income IFRS Sale of merchandise 789 KE The Glenrosa soils are considered as being amongst the best in the Cape region, with a vein of clay-schist which is particularly beneficial to Pinotage wines. L'AVenir is located within a land fault with slopes facing all directions, creating a natural diversity of styles. PHILOSOPHY L'Avenir believes in exchanging ideas and experience with other estates in the AdVini group in order to ensure permanent improvement of its wines. RESPONSIBILITY n IPW certification (Integrated Production of WINE) n Active member of the Pebbles project (education of disadvantaged children) n ISDL certification (Integrity & Sustainable Development Seal) DISTRIBUTION 30% TRAD / 20% RETAIL / 50% EXPORT Vineyards 27 ha Klapmuts Road R44 | Stellenbosch 7599 | South Africa Tel. +27 (0)21 889 5001 | info@lavenir.co.za | www.lavenirestate.co.za Advini - Simplified annual report 2014 [24/25 ] AdVini Distribution Our Joint Venture AdVini Distribution is responsible for adapting production strategies to market requirements, for ensuring the essential proximity with clients which is necessary for understanding and responding to their requirements and also for distributing AdVini wines via four etworks: - Supermarket retail France, Belgium and Luxembourg - Traditional France Belgium and Luxembourg - Export (on and off) - BtoC Viña Casablanca produces quality wines with original character. This is the essence of the association of three elements which are key to production of typical wines: soil, climate and vineyard management. For the export market, AdVini's presence is boosted in certain countries by local offices, notably: - AdVini China - AdVini Canada - AdVini USA - AdVini Latin America - AdVini Norway - AdVini UK The whole benefits from Sales/Marketing expertise deployed by each member of the network. The production process of Casablanca wines takes into account the complexity and importance of natural climatic factors, the influence of different soil types on the character of the wine and the care taken in the vineyard in order to ensure optimal quality of the grapes over time. Rodrigo de Araya 1431 - Macul - Santiago - Chile Telephone: (56-2) 450 30 00 Advini - Simplified annual report 2014 [26/27 ] Le Club Français du Vin Les Impressions de l'Enclos The French Wine Club (Club Français du Vin) was taken over by AdVini in 2014. It has been specialised in distance selling of wines for some 40 years and is currently being revamped: new graphic charter, opening For its 20th anniversary, Les Impressions de l'Enclos undertook a number of changes, beginning by the creation of a new visual identity: new logo, new graphic charter, new interface... In order to develop the external clientèle and offer made to measure service, a dedicated sales person has been recruited and new communication tools, with the creation of new labels and capsules, have been deployed. The printing unit today works at 71% for AdVini estates and 29 % for third party clients (+4 % compared to 2013). The Imprim’Vert® eco-label, awarded in 2010, guarantees the printer's eco-responsible processes with an underlying objective of reducing the environmental impact of its activity. Renewal in early 2014 for 3 additional years. 2015 will see the arrival of new machines which will enable the printing unit to double its production capacity of adhesive labels. Key figures Income IFRS Sale of merchandise 3.3 ME of a wine club, new premises in the 1st arrondissement of Paris. A new organisation which is aimed at facilitating the client's choice. Purchasing is simplified through the different supports and services offered to members: BP1 - 34725 SAINT-FELIX DE LODEZ - Tel. +33 (0)4 67 88 80 04 - Fax +33 (0)4 67 88 80 27 Les Transports Lodéziens On-line catalogue, personalised recommendations, strict selection of references, preferential financial conditions... Rental of vehicles for sales representatives, managers and technical services throughout the AdVini group, representing 150 vehicles. The Club also offers two forms of membership: Club and Premium. These give access to events such 45% of the company's turnover is from companies in the group and 55% from third party clients. as tastings at the estate or in Paris in the presence of winemakers, visits to wineries, trade fairs, private dinners, conference and event special events. Les Transports Lodéziens manage transport logistics and vehicle rental for the companies in the AdVini group. It was established in 1964 and today employs a team of twenty two. An essential upstream link in the supply chain with fifteen vehicles (one flat truck and fourteen tankers) for deliveries: bulk wine, finished products, dry materials (corks, labels...), plus six vans for deliveries throughout the Languedoc region for all clients in the Traditional network. Key figures Income IFRS Sale of merchandise 4.4 ME 45 rue Louis Bro BP33 - 75002 CHABLIS - Tel.: (33) 01 55 37 28 00 contact: contact@clubfrancaisduvin.com BP1 - 34725 SAINT-FELIX DE LODEZ - Tel. +33 (0)4 67 88 80 04 - Fax +33 (0)4 67 88 80 27 Advini - Simplified annual report 2014 [28/29 ] News and Press Musée d’Orsay Mai 2014 Laroche devient « Ambassadeur » du Musée d’Orsay, et participe à la restauration de la toile de 22m2 de Gustave Courbet 97 points OLD COLLECTION Rivesaltes 1932 L'Enclos - 34725 Saint felix de lodez - France Tel: +33 (0)4 67 88 80 00 - Fax +33 (0)4 67 96 65 67 contact@advini.com - www.advini.com