Ann: Investor Day Presentations, page-3

EDV says in a few places its aim is to 'deliver long-term shareholder value of 10 per cent plus per year from FY 26', but qualifies this in a note stating 'assumes stablised interest rates and inflation environment'.

What does 'stablised interest rates' mean?

If the cash rate became (heaven forbid) seven per cent, and interest rates were (to pluck a figure from the air) a median 11 per cent for corporate borrowers, and stayed that way, would this meet EDV's criterion?

EDV may regard many retail holders as simpletons, but this seems corporate mumbo-jumbo.

In multiple places the presentation features winery photos. However Mr Mathieson Snr. has criticised these as merely being part of an ego trip for Directors.

When EDV obtains control of a winery, does workforce productivity, enthusiasm and attainment drop because the enterprise is no longer subject to close supervision by previous family owners?