AB Akola Group · OMXVSE:AKO1L
AB Akola — H1 2023/2024 Earnings Presentation
16 slides from AB Akola's earnings presentation, Feb 22, 2024
Slide 1: Overview of activities & finance
AB Akola Group Overview of activities & finance For 6 months of FY 2023/2024 22nd of February, 2024
Slide 2: Disclaimer
Disclaimer This document might include directly or indirectly expressed forward-looking statements, reflecting assumptions or current view of the Company’s management. Group‘s future performance and results highly depend on the market conditions, regulations, climate changes and other various extern
Slide 3: The Speaker
The Speaker Mažvydas Šileika CFO & Contact for Investors [email protected] With AB Akola Group since 2020 >10 years professional experience including Banking & Shipping industries Master’s degree in Shipping, Trade and Finance / City University London Bayes Business School Bachelor’s degree in
Slide 4: Agribusiness & food group
Agribusiness & food group 70 subsidiaries 2 associates Partners for farmers (20) Farming (17) Food Other Production (17) 12 companies 4 companies 7 companies 14 companies 3 companies Service and agri- farming poultry; pet food, pest EE trading / machinery to (agricultural LT, LV control merchandisin
Slide 5: Financial highlights for 6 months
Financial highlights for 6 months 167,170,481* Ordinary shares 2023/2024 190 MCap mEUR EBIT,% P/E 2 1,8 2023.07.07… 2000 1800 3.13% 5.26% -14.66 1.72 1,6 1600 1,4 1400 6m 23/24 6m 22/23 6m 23/24 6m 22/23 1,2 1200 5Y avg 2.18% 5Y avg 13.46 1 1000 2023.12.28 0,8 1,13 800 ROCE,% EPS, € 0,6 0,4 LNA1 (lh
Slide 6: Balance Sheet
Balance Sheet Total assets 31-Dec-2023 S/T debt portfolio mEUR Cash, 17 Account payables Account receivables Intangible Inventories (excl. RMI) RMI** assets 9 S/T debt* WCR Current assets 800 634 600 285 PP&E 230 190 400 Equity participation EUR 908m 274 246 200 180 128 0 -179 -175 -200 BB*** Other
Slide 7: Group Segment revision
Group Segment revision The idea behind the change: simplifying the structure and resource allocation within segments / adapting it better for Group's strategic vision implementation assessment / emphasizing the circular nature of the activities Key principles mapping • Segments “Grain, Oilseeds, and
Slide 8: Lower volumes caused decrease in revenue …
Lower volumes caused decrease in revenue … Segment dynamics Partners for farmers (PFF) 1 134 Farming Food production (Food) 18% 856 Other products and services Total 19% 758 share of total 84% Food revenue Revenue in mEUR (bars) 83% 26% 475 7% 91% share of total 76% PFF revenue H1 2020/21 H1 2021/22
Slide 9: & ironically historically highest H1 gross profitability
& ironically historically highest H1 gross profitability Gross profit / Segments 107 12 11% Partners for farmers (PFF) 77 Gross profit in mEUR (bars) Farming 64 18% Food production (Food) 28 12 Other products and services 91 85% 37% share of total Food 79% 20 51 17% 48 62% 3 share of 84% totsl PFF 1
Slide 10: Operating profit
Operating profit Operating profit / Segments Partners for farmers (PFF) Farming 60 Operating profit in mEUR Food production (Food) Other products and services Total 23 24 (bars) 5 H1 2020/21 H1 2021/22 H1 2022/23 H1 2023/24 6,5% 5,5% 3m EBIT, % 5,2% 3,3% 5,3% 6m EBIT, % 2,1% 2,7% 3,1% 2,1% 9m EBIT,
Slide 11: Partners for farmers (1)
SINCE 1991 Partners for farmers (1) Key facts: Main export commodity is Key export Lithuanian and Latvian wheat Markets: 604 thousand tons total capacity of grain storage Our major locations: Activity explained: 291 thousand tons storage Capacity at ports ■ Grain storage and preparation ■ Ecologic g
Slide 12: Partners for farmers (2): Volume, kt & value, mEUR
Partners for farmers (2) 3500 3493 3486 1000 91 GP% 22/23 H1 23/24 H1 3479 3472 3465 3458 3451 3444 3437 3430 3423 3416 3409 3402 3395 957 3388 3381 3374 3367 3360 3353 3346 3339 3332 3325 3318 3311 3304 3297 3290 3283 3276 3269 3262 3255 3248 3241 3234 3227 3220 3213 3206 3199 3192 3185 3178 3171 3
Slide 13: Food production: Volume, kt & value, mEUR
SINCE 2013 Food 150 149 148 147 146 145 144 210,00 Key facts: 143 142 141 140 139 138 137 205 136 Volume, kt & 135 value, mEUR 134 133 132 131 130 129 128 127 126 125 124 123 122 121 198 120 119 118 117 116 production 115 114 113 112 111 110 109 190,00 108 107 106 105 104 103 102 97 101 100 99 98 97
Slide 14: Agricultural production: Volume, kt & value, mEUR
SINCE 2003 Agricultural 170 169 168 167 166 165 164 30 163 162 161 160 159 158 157 30 156 155 154 153 152 151 150 149 148 147 146 Volume, kt & 145 144 25 value, mEUR 143 142 141 140 139 138 137 136 135 134 133 132 131 production 130 129 128 127 126 125 124 25 123 122 121 120 119 118 117 Key facts 11
Slide 15: Receive news and other financial information
receive news and other financial information https://www.akolagroup.lt/en/to-investors/subscription-center/ Select from the options below to receive news and other financial information by email. ✓ Stock exchange releases ✓ Notification on material event ✓ Reports ✓ General meeting of shareholders ✓
Slide 16: Thank you
Thank you [email protected] Subačiaus g. 5, Vilnius LT-01302 Lietuva