Rusagro Group · RUS:RAGR
Rusagro — Ros Agro — Q1 2021 Earnings Presentation
20 slides from Rusagro's earnings presentation, May 17, 2021
Slide 1: Ros Agro PLC Investors Presentation 1Q 2021
MAY 17TH, 2021 ROS AGRO PLC INVESTORS PRESENTATION 1Q 2021
Slide 2: Table of Contents
TABLE OF CONTENTS 2 1 Summary Key Indicators (IFRS) 1Q 2021 vs 1Q 2020 3 2 Business Overview by division (IFRS) 8 3 Additional information 13
Slide 3: Summary Key Indicators (IFRS) 1Q 2021 vs 1Q 2020
SECTION 1 SUMMARY KEY INDICATORS (IFRS) 1Q 2021 VS 1Q 2020
Slide 4: Net revenue and Adjusted EBITDA
Net revenue, Adjusted EBITDA: 4 1Q 2021 vs 1Q 2020 Comments Net revenue (IFRS) 1Q 2021 vs 1Q 2020 10 553 50 000 49 933 Net Revenue increased by RUB 17,000 million (+52%): (241) • Revenue of Sugar segment increased by RUB 3,400 million (+65%) due to increase of both sugar sales price and sales volume
Slide 5: Debt profile (as of 31 March 2021)
Debt profile (as of 31 March 2021) 5 Debt position and liquidity management Comments 31 March 31 Decem ber Variance in RR m illion 2021 2020 Units % Gross debt increased by RUB 5,509 million (+5%) up to RUB 120,438 million: Gross debt 120,438 114,929 5,509 5 • Net debt decreased by RUB 6,973 million
Slide 6: Statement of Financial Position: key changes March 2021 vs December 2020
Statement of Financial Position: 6 Key changes 31 March 2021 vs 31 December 2020 Comments Assets as of 31 March 2021 vs 31 December 2020 ASSETS 1 967 774 370 290 027 290 000 12 466 • Cash & Investments* increased by RUB +12,466 million. For cash flow and investments (60) (2 014) details please refer
Slide 7: Cash Flows: 1Q 2021 vs 1Q 2020
Cash Flows: 1Q 2021 vs 1Q 2020 7 Comments Cash Flows according to Management view (Not IFRS presentation)** RR million Variance Main variances in cash flow statement line items between 1Q21 and 1Q20: 3M 2021 3M 2020 Units % Cash flows from operating activities Net cash from operating activities: Pro
Slide 8: Business Overview by Division (IFRS)
SECTION 2 BUSINESS OVERVIEW BY DIVISION (IFRS) 1Q 2021 VS 1Q 2020
Slide 9: Oil & Fats key indicators
Oil & Fats 9 Key indicators 1Q 2021 vs 1Q 2020 (IFRS) Oil & Fats: Sales, Adjusted EBITDA and Adjusted Comments EBITDA margin 30 000 27 690 Sales (RUB +10,553 million, +62%)*: 25 000 • Sales increase impact by main factors: price growth RUB +11,375 million and decrease in 20% sales volumes RUB -436 m
Slide 10: Agriculture key indicators
Agriculture 10 Key indicators 1Q 2021 vs 1Q 2020 (IFRS) Agriculture: Sales, Adjusted EBITDA and Adjusted Comments EBITDA margin 7 000 60% 5 960 6 000 51% Sales (RUB +1,536 million, +35%) 45% Sales increase impact by main factors: 5 000 4 424 EBITDA margin • RUB +1,604 million of an increase in sales
Slide 11: Sugar key indicators
Sugar 11 Key indicators 1Q 2021 vs 1Q 2020 (IFRS) Comments Sugar: Sales, Adjusted EBITDA and Adjusted EBITDA margin Sales (RUB +3,400 million, +65%): 9 000 8 641 26% 30% • Sugar sales increased due to sale price growth (RUB +3,073 million) and sales volume increase of 19% (RUB +783 million); 19% EBI
Slide 12: Meat key indicators
Meat 12 Key indicators 1Q 2021 vs 1Q 2020 (IFRS) Comments Meat: Sales, Adjusted EBITDA and Adjusted EBITDA margin 9 000 8 561 40% Sales (RUB +1,752 million, +26%): 8 000 Sales increase impact by main factors: 6 809 7 000 30% • Sales price growth RUB +1,505 million as a result to average sales price
Slide 13: Additional Information
SECTION 3 ADDITIONAL INFORMATION
Slide 14: Statement of Comprehensive Income (IFRS)
Statement of Comprehensive Income (IFRS) 14 ROS AGRO PLC RUB million Varianсes Description 1Q 2021 1Q 2020 Units % Sales 49 933 32 933 17 000 52 Net gain / (loss) on revaluation of biological assets and (2 026) 86 (2 112) (2 456) agricultural produce Cost of sales (37 818) (26 011) (11 808) (45) Net
Slide 15: Adjusted EBITDA 1Q 2021 (IFRS) Breakdown by division
Adjusted EBITDA 1Q 2021 (IFRS) 15 Breakdown by division ROS AGRO PLC RUB million Three months ended 31 March 2021 Sugar Meat Agriculture Oil and Fat Other Elimination Total Sales 8 641 8 561 5 960 27 690 172 (1 090) 49 933 Net gain / (loss) on revaluation of biological assets and - 820 (1 652) - - (
Slide 16: Adjusted EBITDA 1Q 2020 (IFRS) Breakdown by division
Adjusted EBITDA 1Q 2020 (IFRS) 16 Breakdown by division ROS AGRO PLC RUB million Three months ended 31 March 2020 Sugar Meat Agriculture Oil and Fat Other Elimination Total Sales 5 241 6 809 4 424 17 137 118 (796) 32 933 Net gain/ (loss) on revaluation of biological assets and - 428 (447) - - 105 86
Slide 17: Statement of Cash Flows According to Management view
Statement of Сash Flows According to Management view 17 (Not IFRS presentation) ROS AGRO PLC RUB million Variance 3M 2021 3M 2020 Units % Cash flows from operating activities Profit before income tax 7 424 2 879 4 545 158 Adjustments for non-cash and non-operating (income)/expenses, net: Depreciatio
Slide 18: Statement of Cash Flows According to Management view - continuance
Statement of Cash Flows According to Management view (Not 18 IFRS presentation) - continuance ROS AGRO PLC RUB million (*) Including in net Variance cash flows on financial 3M 2021 3M 2020 Units % assets related to Cash flows from investing activities - financial activities. Purchases of property, p
Slide 19: Statement of Financial Position (IFRS)
Statement of Financial Position (IFRS) 19 ROS AGRO PLC RUB million 31 December Variances 31 March 2021 2020 Units % ASSETS 290 027 276 149 13 878 5 Current assets Cash and cash equivalents 21 222 11 867 9 356 79 Restricted cash 103 144 (40) (28) Short-term investments 22 171 19 584 2 588 13 Trade an
Slide 20: Statement of Financial Position (IFRS) - continuance
Statement of Financial Position (IFRS) 20 - continuance ROS AGRO PLC RUB million 31 December Variances 31 March 2021 2020 Units % Liabilities and EQUITY 290 027 276 149 13 878 5 Current liabilities Short-term borrowings 58 440 51 753 6 686 13 Lease liabilities 926 944 (18) (2) Trade and other payabl