Rusagro Group · RUS:RAGR
Rusagro — Ros Agro — Q2 2022 Earnings Presentation
27 slides from Rusagro's earnings presentation, Aug 8, 2022
Slide 1: Ros Agro PLC Investor Presentation 2Q 2022 and 6M 2022
AUGUST 8TH, 2022 ROS AGRO PLC INVESTOR PRESENTATION 2Q 2022 AND 6M 2022
Slide 2: Ros Agro PLC at a Glance 2021
ROS AGRO PLC AT A GLANCE 2021 2 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
Slide 3: Table of Contents
TABLE OF CONTENTS 3 1 Summary Key Indicators (IFRS) 2Q and 6M 2022 vs 2Q and 6M 2021 4 2 Business Overview by division (IFRS) 13 3 Additional information 22
Slide 4: Section 1: Summary Key Indicators (IFRS)
SECTION 1 SUMMARY KEY INDICATORS (IFRS) 2Q AND 6M 2022 VS 2Q AND 6M 2021
Slide 5: 2Q 2022 Highlights
2Q 2022 HIGHLIGHTS 5 +21% +25% +1 pp 65.7 13.6 21% 1.8 1.76 RUB bn adj. EBITDA RUB bn Net Debt / Adj. RUB bn margin EBITDA (LTM) Net Revenue adj. EBITDA Net loss +62% +16% -13% -52% -66% 260 73 392 145 1.5 ths tn ths tn ths tn ths tn RUB bn Sugar Sales Pork products Oil&Fat and Dairy Agriculture CAP
Slide 6: 6M 2022 Highlights
6M 2022 HIGHLIGHTS 6 +22% +36% +3 pp -99% 127.2 30.2 24% 0.2 1.76 RUB bn Net RUB bn adj. EBITDA RUB bn Net Debt / Adj. Revenue adj. EBITDA margin Net profit EBITDA (LTM) +21% +10% -5% -13% -66% 437 133 792 501 4.6 ths tn ths tn ths tn ths tn RUB bn Sugar Sales Pork products Oil&Fat and Dairy Agricul
Slide 7: Net Revenue, Adjusted EBITDA: 2Q 2022 vs 2Q 2021
NET REVENUE, ADJUSTED EBITDA: 7 2Q 2022 VS 2Q 2021 Comments Net Revenue (IFRS) Adjusted EBITDA Million roubles Million roubles • Net Revenue increased by RUB 11,285 million (+21%) to RUB 65,724 million Adj. EBITDA margin as a result of Revenue growth across all +11,285 Business Segments except Agric
Slide 8: Net Revenue, Adjusted EBITDA: 6M 2022 vs 6M 2021
NET REVENUE, ADJUSTED EBITDA: 8 6M 2022 VS 6M 2021 Comments Net Revenue (IFRS) Adjusted EBITDA Million roubles Million roubles • Net Revenue increased by RUB 22,858 million (+22%) to RUB 127,230 million +22,858 Adj. EBITDA margin as a result of Revenue growth across all (+22%) Business Segments exce
Slide 9: Debt profile as of 30 June 2022
Debt profile as of 30 June 2022 9 Comments Debt position and liquidity management 30 June 31 December Variance • Gross debt increased by RUB 23,917 million in million roubles 2022 2021 Units % (+14%) up to RUB 196,641 million Gross debt 196,641 172,724 23,917 14 • Net debt / Adjusted EBITDA (LTM) re
Slide 10: Finance income / expense
Finance income / expense 10 Comments Net finance income/ (expense) Net finance income in 6M 2021 in the 6M 6M Variance Variance amount of RUB 1,051 million decreased in RR million 2Q 2022 2Q 2021 2022 2021 Units % Units % to net finance expense of RUB 18,651 million in 6M 2022 (RUB 19,702 million Ne
Slide 11: Statement of Financial Position: Key changes
Statement of Financial Position: 11 Key changes 30 June 2022 vs 31 December 2021 Assets Assets • Cash & Investments** increased by RUB 289 million. For cash flow and investments details Million roubles please refer to the next slide; 1,906 283 381,723 8,682 • Receivables & prepayments increased by R
Slide 12: Cash Flows: 6M 2022 vs 6M 2021
Cash Flows: 6M 2022 VS 6M 2021 12 Cash Flows according to Management view Comments (Not IFRS presentation)* RR m illion Variance Main variances in cash flow statement line items between 6M 2022 vs 6M 2021: 6M 2022 6M 2021 Units % Cash flow s from operating activities Net cash from operating activiti
Slide 13: Section 2: Business Overview by Division (IFRS)
SECTION 2 BUSINESS OVERVIEW BY DIVISION (IFRS) 2Q AND 6M 2022 VS 2Q AND 6M 2021
Slide 14: Sugar Key indicators 2Q 2022 vs 2Q 2021
Sugar 14 Key indicators 2Q 2022 VS 2Q 2021 Comments Sales Volumes of Sugar Production Volumes of Sugar Thousand tonnes Thousand tonnes • Sales volume of sugar in 2Q 2022 increased by 62% (+100 thousand tonnes) to 260 thousand tonnes in +62% comparison to 2Q 2021 due to the shift of 260 sales from 1Q
Slide 15: Sugar Key indicators 6M 2022 vs 6M 2021
Sugar 15 Key indicators 6M 2022 VS 6M 2021 Comments Sales Volumes of Sugar Production Volumes of Sugar Thousand tonnes Thousand tonnes • Sales volume of sugar in 6M 2022 increased by 21% (+75 thousand tonnes) to 437 thousand tonnes in comparison to +21% 6M 2021. Sales volume increased mainly 437 bec
Slide 16: Oil & Fats Key indicators 2Q 2022 vs 2Q 2021
Oil & Fats 16 Key indicators 2Q 2022 VS 2Q 2021 Comments Sales Volumes of Oil & Fat and Dairy Products Thousand tonnes • Sales volume of Oil & Fat and Dairy products Variances in 2Q 2022 decreased by 13% (-57 thousand Item 2Q 2022 2Q 2021 Units % tonnes) to 392 thousand tonnes in comparison to 2Q 20
Slide 17: Oil & Fats Key indicators 6M 2022 vs 6M 2021
Oil & Fats 17 Key indicators 6M 2022 VS 6M 2021 Comments Sales Volumes of Oil & Fat and Dairy Products Thousand tonnes • Sales volume of Oil & Fat and Dairy products Variances in 6M 2022 decreased by 5% (-43 thousand Item 6M 2022 6M 2021 Units % tonnes) to 792 thousand tonnes in comparison to 6M 202
Slide 18: Meat Key indicators 2Q 2022 vs 2Q 2021
Meat 18 Key indicators 2Q 2022 VS 2Q 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 2Q 2022 increased by 16% (+9 thousand tonnes) to 73 thousand tonnes in comparison to 2Q 2021. The gr
Slide 19: Meat Key indicators 6M 2022 vs 6M 2021
Meat 19 Key indicators 6M 2022 VS 6M 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 6M 2022 increased by 10% (+12 thousand tonnes) to 60 thousand tonnes in comparison to 6M 2021. The g
Slide 20: Agriculture Key indicators 2Q 2022 vs 2Q 2021
Agriculture 20 Key indicators 2Q 2022 vs 2Q 2021 Comments Sales Volumes of Agriculture Products Thousand tonnes • Sales volume of agriculture products in 2Q Variances 2022 decreased by 52% (-155 thousand Item 2Q 2022 2Q 2021 tonnes) to 145 thousand tonnes in Units % comparison to 2Q 2021 wheat 115 2
Slide 21: Agriculture Key indicators 6M 2022 vs 6M 2021
Agriculture 21 Key indicators 6M 2022 vs 6M 2021 Comments Sales Volumes of Agriculture Products Thousand tonnes • Sales volume of agriculture products in 6M Variances 2022 decreased by 12% (-72 thousand Item 6M 2022 6M 2021 tonnes) to 501 thousand tonnes in Units % comparison to 6M 2021 wheat 194 36
Slide 22: Section 3: Additional Information
SECTION 3 ADDITIONAL INFORMATION
Slide 23: Statement of Comprehensive Income (IFRS)
Statement of Comprehensive Income (IFRS) 23 ROS AGRO PLC RUB m illion Varianсes Varianсes Description 6M 2022 6M 2021 2Q 2022 2Q 2021 Units % Units % Sales 127,230 104,372 22,859 22 65,724 54,439 11,285 21 Net gain / (loss) on revaluation of biological assets and (1,848) (435) (1,413) (325) 1,249 1,
Slide 24: Statement of Cash Flows According to Management view
Statement of Сash Flows According to Management view 24 (Not IFRS presentation) ROS AGRO PLC RUB million 6M 2022 6M 2021 Variance Units % Cash flows from operating activities Profit before income tax (1,201) 19,356 (20,557) - Adjustments for non-cash and non-operating (income)/expenses, net: Depreci
Slide 25: Statement of Cash Flows According to Management view - continuance
Statement of Cash Flows According to Management view (Not 25 IFRS presentation) - continuance ROS AGRO PLC RUB million Variance (*) Including in net 6M 2022 6M 2021 Units % cash flows on financial Cash flows from investing activities - assets related to Purchases of property, plant and equipment (4,
Slide 26: Statement of Financial Position (IFRS)
Statement of Financial Position (IFRS) 26 ROS AGRO PLC RUB m illion 30 June 31 December Variances 2022 2021 Units % ASSETS 381,695 362,321 19,374 5 Current assets Cash and cash equivalents 61,938 46,462 15,476 33 Restricted cash 0 0 (0) (34) Short-term investments 5,752 21,002 (15,250) (73) Trade an
Slide 27: Statement of Financial Position (IFRS) - continuance
Statement of Financial Position (IFRS) 27 - continuance ROS AGRO PLC RUB m illion 30 June 31 December Variances 2022 2021 Units % Liabilities and EQUITY 381,695 362,321 19,374 5 Current liabilities Short-term borrowings 133,256 108,749 24,507 23 Lease liabilities 1,114 1,131 (17) (1) Trade and other