AB Akola Group · OMXVSE:AKO1L
AB Akola — AB Linas Agro Group — H1 FY2020/21 Earnings Presentation
18 slides from AB Akola's earnings presentation, Mar 17, 2021
Slide 1: AB Linas Agro Group: Overview of activities & finance
AB Linas Agro Group Overview of activities & finance H1 of FY 2020/21 17th of March 2021 1
Slide 2: Today's presenter in brief
Today‘s presenter in brief Mažvydas Šileika Finance Director & Contact for Investors With Linas Agro Group since 2020 10 years professional experience including Banking & Shipping industries Master’s degree in Shipping, Trade and Finance / Cass Business School Bachelor’s degree in Management / Unive
Slide 3: We are international vertically integrated agribusiness and food Group
We are 1991 Founded 2010 Listed 2,129 employees since international vertically integrated agribusiness and food Group 658 25.9 112.9 mEUR mEUR mEUR Consolidated Consolidated Market revenue EBITDA Capitalisation 340 18.4 2.23 ktons kha m tons Grain storage Arable land Sales volume capacity in own ele
Slide 4: The Group we are today in brief
The Group we are today in brief AB „Linas Agro Group“ – controlling 42 q companies* in LT, LV, EE, UA Grain, feedstuff Agricultural Agri-machinery & and Agro inputs production Poultry agri-innovation Within the reporting period: - Linas Agro OU - trading company in 4 X companies 7X companies 6 X com
Slide 5: Financial highlights
Financial highlights H1 of FY 2020/21 Fiscal year of the company starts on July 1st 5
Slide 6: Record high revenues of the reporting period
Record high revenues of the reporting period Dynamics of revenue per segment brief mEUR FY 800 743 658 700 Q3 645 634 600 526 H1 476 475 448 449 500 400 325 329 317 Q1 297 300 239 153 156 149 200 129 100 0 Q1 Q1 Q1 Q1 Q1 H1 H1 H1 H1 H1 Q3 Q3 Q3 Q3 Q3 FY FY FY FY FY -100 2016/17 2017/18 2018/19 2019/
Slide 7: Operating profit & its companion - seasonality
Operating profit & it’s companion - ‘seasonality’ Dynamics of operating profit per segment brief mEUR FY 20 15,0 Q3 12,1 9,8 15 H1 8,5 6,0 Q1 10 4,7 2,9 6,0 5,1 5,6 4,4 3,7 3,0 4,9 2,7 5 1,4 0 -5 -1,2 -3,3 -10 Q1 Q1 Q1 Q1 Q1 H1 H1 H1 H1 H1 Q3 Q3 Q3 Q3 Q3 FY FY FY FY FY 2016/17 2017/18 2018/19 2019/2
Slide 8: Firm Balance Sheet & thorough WC management
Firm Balance Sheet & thorough WC management in brief Debt portfolio Total assets* 250 Net S/T lines mEUR RMI EUR 447m in total: 200 EUR 2m 181 Intangible assets Fixed assets Fixed assets EUR 152m 150 152 128 114 Other EUR 19m mEUR 108 108 106 103 Current assets 100 212 261 Current assets EUR 261m 83
Slide 9: Products and services for farming
Products and services for farming Certified seed Fertilizers Plant protection Since 1993 Grain storage Agricultural Spare parts and facilities and farm machinery service equipment 9
Slide 10: Key data and latest developments
Key data and latest developments • During H1 FY 2020/21: a) acquisition of start-up GeoFace b) start of seed warehouse construction c) upward sales trend in all the positions, except for flat curve in fertilizers trade d) materially higher profitability - operating profit margin: 5.2% compared to 2.
Slide 11: Agricultural production
Agricultural production Cereals growing Rapeseed growing Sugar beet growing Since 2003 Milk Beef cattle production rearing 11
Slide 12: Key data and latest developments
Key data and latest developments • During H1 FY 2020/21: a) great harvest & two internal group yield records: winter wheat in Kėdainiai district - 8.7 t / ha, beans in Šakiai district - 7.8 t / ha b) milk purchase price rebounding (2.2% increase compared to the H1FY 2019/2020) c) decision to discont
Slide 13: Grain & feedstuff handling and merchandising
Grain & feedstuff handling and Grain Oilseed Feedstuff merchandising Since 1991 Ecologic grain Grain storage and Logistic services and oilseeds preparation 13
Slide 14: Key data and latest developments
Key data and latest developments • During H1 FY 2020/21: a) Linas Agro OU - trading company in Estonia was founded b) restructuring of Karčemos Kooperatinė Bendrovė was started, after reporting period continuing the exercise with the aim to achieve full consolidation of three elevator companies in L
Slide 15: Food products
Full manufacturing cycle Food products Parents stock Chicken from locally laid Broiler eggs Since 2013 Poultry meat products 15
Slide 16: Key data and latest developments
Key data and latest developments • During H1 FY 2020/21: a) continuing COVID-19 pandemic and quarantine restrictions hit hard on HORECA sector, resulting in overproduction and pushing down average price of poultry meat b) conversely – price of raw materials used for chicken feed (corn, wheat, soybea
Slide 17: Drivers for second part of the year & key developments
Drivers for second part of the year… … & key developments EUR million • Continuously expecting successful acquisition of after reporting KG Group, • Linas Agro Group is narrowing investment scope, • On the 2nd of October, 2020 AB Linas Agro Group has proceeding with prioritised capex only, such as:
Slide 18: Thank You
Thank You 18
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