Rusagro Group · RUS:RAGR

Rusagro — Ros Agro — Q1 2022 Earnings Presentation

21 slides from Rusagro's earnings presentation, May 11, 2022

  1. Slide 1: Ros Agro PLC Investor Presentation 1Q 2022

    MAY 11TH, 2022 ROS AGRO PLC INVESTOR PRESENTATION 1Q 2022

  2. Slide 2: Table of Contents

    TABLE OF CONTENTS 2 1 Summary Key Indicators (IFRS) 1Q 2022 vs 1Q 2021 3 2 Business Overview by division (IFRS) 11 3 Additional information 16

  3. Slide 3: Section 1: Summary Key Indicators (IFRS) 1Q 2022 vs 1Q 2021

    SECTION 1 SUMMARY KEY INDICATORS (IFRS) 1Q 2022 VS 1Q 2021

  4. Slide 4: Ros Agro PLC at a Glance 2021

    ROS AGRO PLC AT A GLANCE 2021 4 Diversified Strong Financial Business Leading Market Positions Sustainable Long-Term Growth Results 2021 Adj. EBITDA, RUB bn Net Profit, RUB bn Sugar 1 2 223 2017-2021 adj. EBITDA CAGR Business № № +36% +70% Sunflower oil and Industrial fats and RUB bn consumer margar

  5. Slide 5: 1Q 2022 Highlights

    1Q 2022 HIGHLIGHTS 5 +23% +51% +5 pp -66% 61.5 16.9 27% 2.2 1.70 RUB bn RUB bn adj. EBITDA RUB bn Net Debt / Adj. Net Revenue adj. EBITDA margin Net profit EBITDA (LTM) -12% +2% +4% +31% -66% 177 60 400 356 3.1 ths tn ths tn ths tn ths tn RUB bn Sugar Sales Pork products Oil&Fat and Dairy Agricultur

  6. Slide 6: Net Revenue, Adjusted EBITDA: 1Q 2022 vs 1Q 2021

    NET REVENUE, ADJUSTED EBITDA: 6 1Q 2022 VS 1Q 2021 Comments Net Revenue (IFRS) Adjusted EBITDA Million roubles Million roubles • Net Revenue increased by RUB Adj. EBITDA margin 11,573 million (+23%) to RUB 61,506 million as a result of Revenue growth +11,573 across all four Business Segments, (+23%)

  7. Slide 7: Debt profile as of 31 March 2022

    Debt profile as of 31 March 2022 7 Comments Debt position and liquidity management 31 March 31 December Variance • Gross debt increased by RUB 7,291 million in million roubles 2022 2021 Units % (+4%) up to RUB 180,015 million Gross debt 180,015 172,724 7,291 4 Short-term borrowings 115,856 108,749 7

  8. Slide 8: Net finance income/(expense)

    Debt profile as of 31 March 2022 8 Comments Net finance income/ (expense) Net finance income in 1Q 2021 in the Variance amount of RUB 505 million decreased to in million roubles 1Q 2022 1Q 2021 Units % net finance expense of RUB -7,092 million in 1Q 2022 (RUB -7,597 million Net interest expense (1,5

  9. Slide 9: Statement of Financial Position: Key changes

    Statement of Financial Position: 9 Key changes 31 March 2022 vs 31 December 2021 Assets Assets Million roubles • Cash & Investments** decreased by RUB 8,286 million. For cash flow and investments 12,757 details please refer to the next slide 242 369,576 (1,051) (108) • Receivables & prepayments incr

  10. Slide 10: Cash Flows: 1Q 2022 vs 1Q 2021

    Cash Flows: 1Q 2022 VS 1Q 2021 10 Cash Flows according to Management view Comments (Not IFRS presentation)* Net cash from operating activities: • Increase in adjusted EBITDA (RUB +5,718 million), offset by the decrease in working capital (RUB -19,092 million) mainly as Variance 3M 2022 3M 2021 the r

  11. Slide 11: Section 2: Business Overview by Division (IFRS)

    SECTION 2 BUSINESS OVERVIEW BY DIVISION (IFRS) 1Q 2022 VS 1Q 2021

  12. Slide 12: Agriculture Key indicators 1Q 2022 vs 1Q 2021

    Agriculture 12 Key indicators 1Q 2022 vs 1Q 2021 Comments Sales Volumes of Agriculture Products Thousand tonnes • Sales volume of agriculture products in 1Q 2022 increased by 31% (+84 thousand Variances tonnes) to 356 thousand tonnes in Item 1Q 2022 1Q 2021 Units % comparison to 1Q 2021 Soybean 102

  13. Slide 13: Oil & Fats Key indicators 1Q 2022 vs 1Q 2021

    Oil & Fats 13 Key indicators 1Q 2022 VS 1Q 2021 Comments Sales Volumes of Oil & Fat and Dairy Products Thousand tonnes • Sales volume of Oil & Fat and Dairy products in 1Q 2022 increased by 4% (+14 thousand Variances Item 1Q 2022 1Q 2021 tonnes) to 400 thousand tonnes in Units % comparison to 1Q 202

  14. Slide 14: Sugar Key indicators 1Q 2022 vs 1Q 2021

    Sugar 14 Key indicators 1Q 2022 VS 1Q 2021 Comments Sales Volumes of Sugar Production Volumes of Sugar Thousand tonnes Thousand tonnes • Sales volume of sugar in 1Q 2022 decreased by 12% (-24 thousand tonnes) to 177 thousand tonnes in comparison to -12% 1Q 2021. Sales volume were allocated 202 among

  15. Slide 15: Meat Key indicators 1Q 2022 vs 1Q 2021

    Meat 15 Key indicators 1Q 2022 VS 1Q 2021 Comments Sales Volumes of Pork Production Volumes of Pork Thousand tonnes Thousand tonnes, in live weight for slaughtering • Sales volume of pork products in 1Q 2022 increased by 3% (+2 thousand tonnes) to 60 thousand tonnes in comparison to 1Q 2021. The gro

  16. Slide 16: Section 3: Additional Information

    SECTION 3 ADDITIONAL INFORMATION

  17. Slide 17: Statement of Comprehensive Income (IFRS)

    Statement of Comprehensive Income (IFRS) 17 ROS AGRO PLC RUB million Varianсes Description 1Q 2022 1Q 2021 Units % Sales 61,506 49,933 11,573 23 Net gain / (loss) on revaluation of biological assets and (3,097) (2,026) (1,071) (53) agricultural produce Cost of sales (42,878) (37,818) (5,060) (13) Ne

  18. Slide 18: Statement of Cash Flows According to Management view

    Statement of Сash Flows According to Management view 18 (Not IFRS presentation) ROS AGRO PLC RUB million Variance 3M 2022 3M 2021 Units % Cash flows from operating activities Profit before income tax 2,440 7,424 (4,984) (67) Adjustments for non-cash and non-operating (income)/expenses, net: Deprecia

  19. Slide 19: Statement of Cash Flows According to Management view - continuance

    Statement of Cash Flows According to Management view (Not 19 IFRS presentation) - continuance ROS AGRO PLC RUB million Variance (*) Including in net 3M 2022 3M 2021 Units % cash flows on financial Cash flows from investing activities - assets related to (2,982) (1,870) (1,112) (59) financial activit

  20. Slide 20: Statement of Financial Position (IFRS)

    Statement of Financial Position (IFRS) 20 ROS AGRO PLC RUB million 31 March 31 December Variances 2022 2021 Units % ASSETS 369,576 362,321 7,255 2 Current assets Cash and cash equivalents 40,031 46,462 (6,432) (14) Restricted cash 0 0 0 13 Short-term investments 18,732 21,002 (2,269) (11) Trade and

  21. Slide 21: Statement of Financial Position (IFRS) - continuance

    Statement of Financial Position (IFRS) 21 - continuance ROS AGRO PLC RUB million 31 March 31 December Variances 2022 2021 Units % Liabilities and EQUITY 369,576 362,321 7,255 2 Current liabilities Short-term borrowings 115,856 108,749 7,107 7 Lease liabilities 1,064 1,131 (67) (6) Trade and other pa

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