Dn Agrar Group S.a · BVB:DN
Dn Agrar — 9M 2024 Earnings Presentation
30 slides from Dn Agrar's earnings presentation, November 2024
Slide 1: Presentation Financial Results 9M 2024
Presentation Financial Results 9M 2024 - November 2024 -
Slide 2: Content
CONTENT ABOUT DN AGRAR 9M 2024 FINANCIAL RESULTS OPERATIONAL ACTIVITY DN AGRAR STRATEGY & PROJECTS
Slide 3: DN Agrar - An Outstanding Growth Story
DN AGRAR - AN OUTSTANDING GROWTH STORY One of Europe’s leading milk Market producers and the largest integrated Position zootechnical farm in Romania, with cow milk production and vegetable production. Tripled its business since listing Track Consistent Growth in EBITDA Record ~ 60 million liters of
Slide 4: DN Agrar Farms Leading Romanian Milk Production
DN AGRAR FARMS LEADING ROMANIAN MILK PRODUCTION ~ 60 million liters of milk are delivered annually CUT FARM APOLD FARM • 6,100 dairy cattle & young stock • 2,200 dairy cattle • 63,000 liters/day • 45,000 liters/day • 400 cows milked/hour • 300 cows milked/hour LACTO AGRAR FARM PRODLACT FARM • 4,000
Slide 5: Activity in the Capital Market Recognized Internationally
ACTIVITY IN THE CAPITAL MARKET RECOGNIZED INTERNATIONALLY Listed on the Bucharest Stock Exchange, AeRO market since February 2, 2022 Market capitalization of EUR ~50 mil The company with the largest weight in the BETAeRO index Shares included in the MSCI Frontier Small Cap and MSCI Romania Small Cap
Slide 6: Strong Performance in the Capital Market
STRONG PERFORMANCE IN THE CAPITAL MARKET Strong Share Performance +125% share price performance vs listing* +53% share price performance YOY** (Sept 2024 vs Sept 2023) Top 3 performances YOY** Shareholders Evolution 117 3,000 shareholders shareholders 2022 2024 *considering the closing price from 18
Slide 7: 9M 2024 Results & Outlook
9M 2024 RESULTS & OUTLOOK
Slide 8: 9 Months Results – Continued Strengthening of EBITDA
9 MONTHS RESULTS – CONTINUED STRENGTHENING OF EBITDA TURNOVER NET PROFIT EBITDA RON 126.79 mil. RON 21.08 mil. RON 50.02 mil. +9.32% -5.65% +7.59% Vs 9M 2023 Vs 9M 2023 Vs 9M 2023 NET ASSETS TOTAL ASSETS EQUITY RON 258.39 mil. RON 343.78 mil. RON 154.22 mil. +11.73% +11.64% +15.66% Vs 31.12.2023 Vs
Slide 9: Factors That Influenced the 9 Months Results
FACTORS THAT INFLUENCED THE 9 MONTHS RESULTS The increase of Increase in Current result expenses related to turnover by 9% adjustments raw materials by 5% Granting The increase of The increase in subsidies that personnel expenses by corporate income tax decreased by 8% 10% expenses by 23% Increase i
Slide 10: Key Performance Indicators Evolution
KEY PERFORMANCE INDICATORS EVOLUTION - CONTINUED GOWING TURNOVER EBITDA NET PROFIT 10
Slide 11: Financial Results Highlights 9 Months 2024
FINANCIAL RESULTS HIGHLIGHTS 9 MONTHS 2024 PROFIT AND LOSS ACCOUNT 30/09/2024 30/09/2023 ∆% (RON) Operating revenues amounted to RON 193 million, an increase of 7% compared to the same period OPERATING INCOME – TOTAL 193,492,036 180,897,789 6.96% last year. Operating expenses increased by 10% as of
Slide 12: The Main Elements of the Balance Sheet
THE MAIN ELEMENTS OF THE BALANCE SHEET Equity increased by 16% compared to December BALANCE SHEET INDICATORS (RON) 30/09/2024 31/12/2023 ∆% 31, 2023, reaching RON 154 million. This increase was driven by the recording of a net profit of RON FIXED ASSETS - TOTAL 235,554,061 212,141,058 11.04% 21 mill
Slide 13: Operational Activity
OPERATIONAL B\, We ACTIVITY
Slide 14: Consistent Growth in Milk Deliveries
CONSISTENT GROWTH IN MILK DELIVERIES By maintaining a sustained pace of production and delivery, we recorded a monthly average of 5 million liters of milk deliveries in the first 9 months of this year. 60 million liters of milk to be delivered in 2024. 14
Slide 15: European Milk Market & Outlook 9M 2024
EUROPEAN MILK MARKET & OUTLOOK 9M 2024 European milk market Amount of milk collected at the regional Price of milk at the region level level, % c/kg Romania 45 Romania +5.3 Poland 43.3 Poland +3.5 Bulgaria 43.8 Hungary +1.5 Hungary 42.2 as of Aug 2024 as of Sept 2024 *https://agriculture.ec.europa.e
Slide 16: DN Agrar Milk Price 9M Evolution
DN AGRAR MILK PRICE 9M EVOLUTION Stabilization of prices as the market adjusts and stable demand 16
Slide 17: DN Agrar Milk Price 9M Evolution
DN AGRAR MILK PRICE 9M EVOLUTION Stabilization of prices as the market adjusts and stable demand 17
Slide 18: Outlook of DN Agrar Milk Price
OUTLOOK OF DN AGRAR MILK PRICE Stabilization of prices as the market adjusts and stable demand 18
Slide 19: DN Agrar Cereal Production Evolution – Sustainable Growth
DN AGRAR CEREAL PRODUCTION EVOLUTION – SUSTAINABLE GROWTH Lucerne: ✓ 580 ha harvested The use of ✓ 4 harvests, with a production of No-tillage technology in 22,33 tons/ha the cultivation process and its benefits Triticale silage (main crop): ✓ 1500 ha harvested Protects the soil and ✓ Production of
Slide 20: DN Agrar Projects
DN AGRAR PROJECTS 20
Slide 21: DN Agrar Strategic View by 2027/2028
DN AGRAR STRATEGIC VIEW BY 2027/ 2028 A Clear and Achievable Vision Building a Major The 4 farms will A herd of approx. Over 300.000 liters produce over 100 European Milk 20.000 dairy cows per day million liters of Producer and young stock milk annually Strategic Straja farm project Compost plant Pr
Slide 22: DN Agrar Farms 2027/2028
DN AGRAR FARMS 2027/2028 ~ 100 million liters of milk STRA JA FARM will be delivered annually Acquisition FARM • 3,800 dairy cattle • ………. dairy cattle • 1,200 young stock • ………. liters/day • 100,000 liters/day • ………. cows milked/hour • 600 cows milked/hour APOLD FARM CUT FARM • 5,500 dairy cattle +
Slide 23: Straja Project - A Significant Expansion in Production
STRA JA PROJECT - A SIGNIFICANT EXPANSION IN PRODUCTION 2024: The foundation works Key Highlights: were completed and part of the main hall, along with • Started in 2023, planned to be completed in the waste storage lagoon 2027 The foundation for the first rotary parlor was poured, with installation
Slide 24: Straja Project Current Status
STRA JA PROJECT CURRENT STATUS 24
Slide 25: Straja Project Current Status
STRA JA PROJECT CURRENT STATUS 25
Slide 26: Compost Factory to Strengthen the Circular Economic Model
COMPOST FACTORY TO STRENGTHEN THE CIRCULAR ECONOMIC MODEL Operational Highlights • Integrated organic waste management system • Operations started in November 2024 • 21,000 tons of manure processed annually • Production of over 7,000 tons of organic fertilizer • Use the organic fertilizers produced
Slide 27: Biomethane Production for an Integrated Sustainable Strategy
BIOMETHANE PRODUCTION FOR AN INTEGRATED SUSTAINABLE STRATEGY Operational Highlights • Production facility with a total capacity of up to 15 MW • DN AGRAR will supply the raw material for the biomethane production • BSOG Energy will develop the production facility Cooperation agreement for the larges
Slide 28: Contact Investor Relations
CONTACT INVESTOR RELATIONS Peter de Boer, BoD Member and Strategic & IR Director investors@dn-agrar.eu , +40 258 818114
Slide 29: Questions
QUESTIONS 1. When will the Straja farm be fully populated so that it can operate at maximum production parameters? 2. When does the activity in Straja farm start?
Slide 30: Visit our page and subscribe to our newsletter
Visit our page and subscribe to our newsletter to keep up to date with our work. www.dn-agrar.eu investors@dn-agrar.eu 258/818114 * 258/818115 wy