Feb 17 (Reuters) - Treasury Wine Estates Ltd TWE.AX :
* H1 NET PROFIT AFTER TAX A$ 120.9 MILLION
* FROM F22, TWE WILL OPERATE UNDER THREE NEW INTERNAL DIVISIONS BEING PENFOLDS, TREASURY PREMIUM BRANDS AND TREASURY AMERICAS
* WILL EXPLORE DIVESTMENT AND EXIT OF OTHER NON-PRIORITY BRANDS, OPERATING ASSETS AND LEASES
* ACTIVELY IMPLEMENTING ITS GLOBAL RESPONSE PLAN FOLLOWING ANNOUNCEMENT OF PROVISIONAL MEASURES BY MOFCOM
* PLANNING FOR CONTINUATION OF CONDITIONS CONSISTENT WITH RECENT TRADING IN AMERICAS, ANZ, EMEA & ASIAN MARKETS OUTSIDE OF CHINA
* TWE EXPECTS THAT 2H21 EBITS WILL BE BELOW THAT OF 1H21
* IN CHINA, TWE EXPECTS THAT DEMAND FOR ITS PORTFOLIO WILL REMAIN EXTREMELY LIMITED
* INCREASING CONFIDENCE IN REALLOCATION PLANS FROM MOFCOM PLAN OF PENFOLDS BINS AND ICON RANGE FROM CHINA TO OTHER MARKETS
* NET DEBT TO EBITDAS IS EXPECTED TO INCREASE MODESTLY IN 2H21
* EXPECTS TO RECOGNISE ABOUT $100M IN TOTAL ONE-OFF COSTS AS PART OF RESTRUCTURE OF AMERICAS DIVISION
* EXPECTS TO GENERATE NET CASH INFLOW OF AT LEAST $300M FROM DIVESTMENTS AND RESTRUCTURING STEPS