Hagar Hf. · OMXICE:HAGA

Hagar Hf — Q2 2026/27 Earnings Presentation

29 slides from Hagar Hf's earnings presentation, Oct 16, 2026

  1. Slide 1: Investor Presentation Q2 2026/27

    Investor Presentation Q2 2026/27 Strong results and management guidance raised - lower prices for customers Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO October 16, 2026 *This presentation is translated from the Icelandic version which was published on 16 October 2026. Should there be discrepan

  2. Slide 2: Overview

    Overview Operational Overview Business Updates Financial Statements Status and Outlook 2

  3. Slide 3: Quarter at a Glance: Key Figures

    Quarter at a Glance: Key Figures Q2 2026/27 (changes from Q2 2025/26) 54.7 b.ISK 5.7 b.ISK 2.3b.ISK sales EBITDA profit 5.5% 3.3% 10.4% 24.7% 15.0% 36.4% gross margin OPEX ratio equity ratio 0.1 pp - unchanged - 0.1 pp 3

  4. Slide 4: Operations: Key takeaways from the quarter

    Operations: Key takeaways from the quarter  Strong Q2 performance, exceeding expectations - solid grocery operations and better-than-expected results at Olís  Increased store visits in Iceland and the Faroe Islands - EBITDA up 17% in “Stores and Warehouses - Iceland” and 13% at SMS  Olís results

  5. Slide 5: Operating segment #1: Strong performance in stores and warehouses

    Operating segment #1: Strong performance in stores and warehouses Stores & Warehouses (Iceland) - Income Statement Q2 2026/27 (m.ISK) Q2 '26/27 Q2 '25/26 Δ %Δ  Revenue from grocery retail, specialty retail and warehouses reached ISK 36.4 billion, up nearly Revenue 36.429 34.436 1.993 +5,8% 5.8% YoY

  6. Slide 6: Bónus: More store visits and stronger earnings

    Bónus: More store visits and stronger earnings  Q2 product sales reached ISK 26.7 billion, up nearly 6% YoY - revenue growth reflects a wider range of lower-priced products, including Salling, reducing the average price per unit sold  Earnings growing significantly faster than revenue - Bónus has

  7. Slide 7: Hagkaup: Operational improvements continue to deliver results

    Hagkaup: Operational improvements continue to deliver results  Sales in Q2 exceeded 6.2 b.ISK, up more than 4% YoY - profitability improved at a faster rate than revenue  Customer visits were broadly unchanged and units sold declined slightly - reflecting a shift in the sales mix towards higher-va

  8. Slide 8: Operating segment #2: Results exceed expectations - global oil prices remain high

    Operating segment #2: Results exceed expectations - global oil prices remain high Olís - Income Statement Q2 2026/27 (m.ISK)  Q2 revenue amounted to 14.6 b.ISK and increased by Q2 '26/27 Q2 '25/26 Δ %Δ 3.3% - the abolition of fuel excise duties and lower volumes Revenue 14.550 14.087 463 +3,3% redu

  9. Slide 9: Operating segment #3: SMS strengthens its position as a key pillar of Hagar

    Operating segment #3: SMS strengthens its position as a key pillar of Hagar Stores & Warehouses (Faroe Islands) - Income Statement Q2 2026/27 (m.ISK) Q2 '26/27 Q2 '25/26 Δ %Δ  Q2 revenue was just under 4.4 b. ISK, up nearly 9% from prior year Revenue 4.387 4.037 350 +8,7% Expenses -3.717 -3.444 -27

  10. Slide 10: Overview

    Overview Operational Overview Business Updates Financial Statements Status and Outlook 10

  11. Slide 11: General Overview: Selected operational highlights

    General Overview: Selected operational highlights Stórkaup turns profitable Strong sales of Salling products  Stórkaup now delivering  ~650 new products in stores, positive results following an priced over 15% below previously extensive development phase available comparable products  Strong reve

  12. Slide 12: General Overview: Selected operational highlights

    General Overview: Selected operational highlights SMS: Sustainability & Opportunities Room for further share buybacks  Four Bónus stores refurbished -  Two buyback programs completed half now equipped with eco- this year - shares repurchased for friendly CO₂ refrigeration systems a total of ISK 1,

  13. Slide 13: Overview

    Overview Operational Overview Business Updates Financial Statements Status and Outlook 13

  14. Slide 14: Strong performance and results exceeded expectations

    Strong performance and results exceeded expectations Income Statement Q2 2026/27 (m.ISK) Q2 '26/27 Q2 '25/26 Δ %Δ  Sales in Q2 amounted to 54.7 b.ISK, rising by 5.5% YoY - strong growth across all Sales 54.683 51.817 2.866 +5,5% business segments although abolition of fuel Gross profit 13.514 12.87

  15. Slide 15: Solid first-half results - profit increases by 13.1%

    Solid first-half results - profit increases by 13.1% Income Statement 6M 2026/27 (m.ISK) 6M '26/27 6M '25/26 Δ %Δ  Sales for 6M amounted to 105.5 b.ISK, an increase of 5.5% YoY Sales 105.468 99.932 5.536 +5,5%  Sales growth for stores and warehouses in Gross profit 26.795 24.493 2.302 +9,4% Icelan

  16. Slide 16: Profitability ratios improve compared with prior years

    Profitability ratios improve compared with prior years Key Operational Metrics (6M 2022/23 – 6M 2026/27)  Strong sales growth in recent years Sales (b.ISK) Gross margin (%) across all business segments - Olís Sales and 99,9 105,5 24,5 25,4 sales sensitive to global oil prices gross 81,6 86,8 90,6 1

  17. Slide 17: Higher oil prices adversely affect working capital

    Higher oil prices adversely affect working capital Cash Flow Statement 6M 2026/27 (m.ISK) 6M 2026/27 6M 2025/26 Change  Net cash from operating activity was 486 Profit for the period 4.207 3.721 6.4 b.ISK at August end, compared with 9.2 b.ISK in prior year - temporary 6.607 5.868 739 Adjustments a

  18. Slide 18: Strong balance sheet at the end of the first half

    Strong balance sheet at the end of the first half Balance Sheet 31 August 2026 (m.ISK)  Non-current assets amounted to 90.1 31.08. 28.02. 31.08. 28.02. b.ISK, remaining broadly unchanged from 2026 2026 %Δ 2026 2026 %Δ year-end 2025/26 +2% +8% Property, plant and equipment 38.629 37.836 Borrowings 1

  19. Slide 19: Return on equity remains strong by historical standards

    Return on equity remains strong by historical standards Key Financial Metrics (6M 2022/23 – 6M 2026/27)  Return on equity was 20.0% over the Return on equity (%) Equity ratio (%) last 12 months and decreases from Share- 28,9 38,2 36,3 36,3 36,4 holder 34,9 prior year - one-off gains in the prior 18

  20. Slide 20: Overview

    Overview Operational Overview Business Updates Financial Statements Status and Outlook 20

  21. Slide 21: Share price and largest shareholders

    Share price and largest shareholders Price Share price 31.08.2026: 122.0 ISK/share 140 120 100 80 60 40 1.1.2021 1.1.2022 1.1.2023 1.1.2024 1.1.2025 1.1.2026 Date Largest shareholders, shares held at 31.08.2026 1. Gildi - lífeyrissjóður 15.8% 6. Birta lífeyrissjóður 6.5% 2. Lífeyrissjóður verslunarm

  22. Slide 22: Earnings per share continue to strengthen year-on-year

    Earnings per share continue to strengthen year-on-year Accumulated basic earnings per share for the past 12 months (ISK per share)  Earnings per share (EPS) have increased rapidly in recent 260% 10% (-3%**) periods, reaching ISK 7.24 per 7,49 7,75 7,46 7,24 share - Q2 earnings reflect an 6,75 0,91*

  23. Slide 23: Status and outlook (1/2)

    Status and outlook (1/2)  Operations remain strong, with a positive outlook for the second half of the year - key business units continue to perform well, with first-half results exceeding expectations  External operating environment remains challenging, both domestically and internationally - Arm

  24. Slide 24: Status and outlook (2/2)

    Status and outlook (2/2)  Looking ahead, there are numerous opportunities to further strengthen Hagar's operations in the coming periods, including: - Bónus: Continued growth in customer traffic and more efficient purchasing create opportunities for lower prices and stronger operating performance -

  25. Slide 25: Questions?

    Questions? 25

  26. Slide 26: Companies within the Hagar Group in Iceland

    Companies within the Hagar Group in Iceland ASSOCIATES WITHIN THE GROUP Bónus is a chain of discount Hagkaup is a leading Olís specialises in the sale and Eldum rétt offers its customers stores that, from its founding, department store which service of fuel and other oil meal kits - available throug

  27. Slide 27: Companies within the Hagar Group in the Faroe Islands

    Companies within the Hagar Group in the Faroe Islands Bónus is a nationwide chain of Miklagarður is a hypermarket Mylnan is a combination of a SMS operates four restaurants affordable grocery stores in the offering a wide range of convenience store and a in the main shopping mall, i.e. Faroe Islands

  28. Slide 28: Disclaimer

    Disclaimer On behalf of Hagar, attention is drawn to the fact that the statements and information in this presentation are based on, as appropriate, the plans and estimates of the company’s management, but not on facts that may be verified at the time of publication or by any discussion by the compa

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