Splash Beverage (SBEV) 20 May 242024 Q1 Earnings call transcript

Good afternoon, and welcome to the Splash Beverage Group First Quarter Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Robert Nistico, Chairman and CEO of Splash Beverage Group.

Sir, the floor is yours.

Welcome, fellow Splash Beverage shareholders. We appreciate everybody joining the call today, and I hope that we can answer your questions at the end of this call. here. focus as less really QX heading the to were where where like in QX, in wasn't future really today of on we we're We ideal and

into We the being the summer. are first I key the one put the funding that think as deserve update, extremely we I And second and think, into excited quarter the we in subjects activities. move more attention,

had just the a as we know, as investing update One happens. just is growing. business. in in on time redundant we little It's source of And reasons, the still We're That cash Splash. more We're disappeared funding we and we basically took that the put young, thought. still bit we're a than us. funding a source and

news a is upstate we firm financing management to the so a have in is, in believe we limited be So long-term funding assist important specific engaged to as debt business, any with the dilution. wealth will that New York good

I forward. as we move think important that's extremely

a has more consist primarily of those We're possible net is like piece. to business. answer We included. be questions much and investing investors, protecting the clients we'll have and price whenever Q&A and believe live the legacy best office, ensuring operate few company share family to sufficient to able growing this been the on resources grow our individuals, Splash that worth the in committed high myself path, and for large years, Their

of -- just made need Sun HR I Definitive very engaged. that path down vodka. are We hear is subject anxious by about The going in not documents public best state back that acquiring Western and licensing confidential. that inside parties But go to remain considerations, understand brand. are but the acquisition. excited. subjects forth. is state. there Both confidentiality. here is well be everyone that numerous we by information, key remain state to necessarily things corporate Things other that process Other understand We're the like versus like news more are

in you control we believe fairly give that But because round, I that a we think to soon. excited last play will boards very here date it's don't closing I and want regulation up. about and don't we're almost sides happen in liquor all both thing agencies. are and the

There why lot excuse. not Spanish of the a complaint, little International we We about possible And a government, is to to excited that's Also, questions soon It that similar. well. deal an done Pulpoloco, slowed down get are but reasons we as acquisition. as are not some on it is. a just that as had what with track. back bit,

Bill Also, information regarding some us gave Meissner the chains. good

just build coming. to grow. going retail It's enormous our as across have country the chain out help and really us We footprint support to we continue

package CartoCan. the us. We interesting a at international opportunity opportunity has that business really have coming you European our is The an we back And bottom provide everybody that of potentially the amount have to we of front and and through in in have normal. can paper partner water our line, to enormous that sell of world a very partner had if anything recall, Chinese-based might some a international haven't now resurfaced yet. also we focused was That But organization. pre-COVID, is project. finally We

has sure resources properly the continue function needs focus acquisition, to shareholder most importantly, on the We company it to making and value.

happy is right one with now. share way No the price it is

a been challenge. it's Of course,

acquisitions, are as of and two, months that we the a questions we three, One, the the at capital and position larger Son that in our pricing; X the and thing. heads opening sand. statement know, not on We solve rest are truly section the reaching there have we believe have really brief We putting profitability. you here I'm standpoint. we in about that will right others on time believe there the truly X by items need coming so do share things, year. and We gating of price this bringing those better evaluating; Western executing on a the this out we from much keeping currently we're will that some Q&A be in for for

thank we your look forward hearing for joining, to everybody now. So and you questions

the to Instructions] [Operator now floor pass Q&A. the I'll speaking for back panel

Robert you, you audio? Can hear Tom. me, Tom, here. Thank my

Yes.

Thank clear, Sounding you. Robert.

Great. Okay.

bit organization. question confidentiality the We already intent without any we more letter Son. with have -- a very Western breaking regarding little force. are down of that is speak But rules detail a and in try I'll far

we to are can as this growing obviously as acquisition. complete quickly We

-- I an reasons so a is many whole are why think there for acquisition us. exciting got this

around in moving But better tons save once in yes, tons for be just the dollars. would it's sometimes great very in production lanes location play. much Just logistics one beneficial of our question mid-Texas, and just be is literally locations this that that to Building products on necessary. it to us acquisition location. it's going we country, alone, the in was that again, But shipping all millions case, different little a of to consolidate quite really big. But

near it We the up future. here in close expect to

Instructions] In. [Operator

be The warrant signed. but upstate hold that group New to be years before in been long-term in investors hurry, that's have reasonable believe question completed group, It's a we're say. hasn't been this and as a of percentage point, capital X it not has be together idea that's going But can Thank it's At it's it. a of yet. fairly -- can minimum a long-term putting converted. none not buy are structure -- of debt, very will with discussion and We this we them this I York. of much as regarding anything you. in clear, being But and the

nothing's had a said, with I to feel done, a some and government, Pulpoloco that. internal than confident international delay of it the bit, I reasons just finance that been regard was little But about it's financing very we I much a in function all less it the that looks the say we it. organizations positive. timing And Like it With between long thing, commitment working extremely acquisition, that's the elected to time. yes, on time.

there's that. So

We question Wild have another selling Wings. here for in product the Buffalo Wild Wings is about original the test Buffalo Florida, well. Yes,

looks but We country authorization have it the not received point. at this across further yet, good

Instructions] In. [Operator

growth half in We have on branded another year regarding products. second of the our the question

support, opening As and retail coming and I my and more more we speak. statement, we mentioned a in of level very distribution good have as

the few exceed quite We're branded that projections. good next weeks. actual We internal some very growth really confident that. will see over about You'll here our announcements feel

more really all positive X-Eleven. you'll Copa Vino Pulpoloco the future. very, starting country. gaining Again, outlook. more in di We're in more move and authorizations across very near about It's that learn to now the here

Okay.

of and little opening we question train products empty. back a years the virtually statement, that I Asian more hits and had runs water in asked -- it [indiscernible]. on Asia potential with dealt that an interesting. mentioned Europe. gets a Europe, train about -- in That with Somebody agreement bit group the the they export unloaded agreement water -- with the it sent Europe, between gets really the back ton few and that about We It's a

in So shipping backhauling. business is called the the term

you'll very, very water paper in the of filling future, executive who -- -- the more have results we met with of -- large that can we the the here positive, very idea to but particular near back positive technology some Chinese China exciting runs idea of well, learn is and in for of of shipping of us. very paper China can fillings met with our about will part government and this the So senior this part idea

but government. This China by physically, yet, been and invited we've has we've been not papered Chinese up actually the met to

of help, their In Commerce out Beijing local they've the to people also us. and fact, reached offered even we've in to involve Department ground on join U.S.

something turn this can right with a to working and project and that on So margin. we're help only into revenue exciting could now big

[Operator Instructions]

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another last asking are about question other someone's about had far -- question for it looks our like -- People the Okay. acquisitions. day. I asking so

resources it down else. on only now affects end. say it something are I affects else something can the because We path to human right their significantly distribution,

said each I'll I've a million like larger legacy will the acquisitions. So over business they're accretive, obviously -- are grow you recent our revenue. point acquisition, come Western and through but just this but is, Son year our second times over one this that meaningful We're -- to going significant potential being growth the tell the through also years. and brands,

feed, So so anybody debt. mouth you not very, else's or to taking on else's important anybody we're will, very -- if

very, end one much be these year, and have under significantly -- certainly both, very by we'll a closer that belt, have of by revenue very, number we're will positive we and the this of profitability. hopefully higher time will our to So the

and can't I be will not also so share bringing control exciting back We us. short these our price, on profitability, achieved objectives. -- we current that's I you really good as the I it. cover achieve to said very, the And and in X. know, X happy. going in on with keep don't have will believe term, to crystal where things, I believe dilutive, profitable more it's it's That's don't of a don't for acquisition also we very our not be feel We the of opening funding Again, rewarded Those to X price but ball, much beginning, all the we those everybody a company statement, about sits share are operations, base the large well. --

shareholder, to wanted our think the I for really more And question like I we're small. years, say we looks very there. very, very, large day. every are all doing. about you question us. know last how of one The Yes. thank vision precise, Nothing It's but and been know you last appreciate is I get headed. challenging and appreciate clear. That for and We we're difficult a It's is else time joining what optimistic we to our where We that's incoming. couple

market. the for I and for thank participating. So believing investing and much. thank a wish organization very appreciate We of tremendous dollars you you week your open in you all in it the

Thank you. This today's conference does conclude call.

participation. and have a disconnect you Thank wonderful for You time, your this may day. at