Dn Agrar Group S.a · BVB:DN
Dn Agrar — Shareholder Meeting (April 2025)
33 slides from Dn Agrar's shareholder meeting presentation, Apr 28, 2025
Slide 1: DN AGRAR Group
DN AGRAR Group OGMS APRIL 2025
Slide 2: Content
CONTENT ABOUT DN AGRAR DN AGRAR RESULTS IN 2024 DN AGRAR PROJECTS & OUTLOOK
Slide 3: About DN AGRAR
ABOUT DN AGRAR 3
Slide 4: DN AGRAR - An Outstanding Growth Story
DN AGRAR - AN OUTSTANDING GROWTH STORY Tripled the business since listing Track Consistent Growth in EBITDA Record Approx. 63 million liters of milk delivered in 2024 Focus on sustainable, regenerative Sustainable agriculture practices that maximize Agriculture productivity, reduce environmental imp
Slide 5: DN AGRAR Farms Leading Romanian Milk Production
DN AGRAR FARMS LEADING ROMANIAN MILK PRODUCTION ~ 63 million liters of milk were delivered in 2024 APOLD FARM CUT FARM • 8,300 dairy cattle & young stock • 2,000 dairy cattle • 75,000 liters/day • 49,000 liters/day • 400 cows milked/hour • 300 cows milked/hour PRODLACT FARM LACTO AGRAR FARM • 1,000
Slide 6: DN AGRAR Results in 2024
DN AGRAR RESULTS IN 2024 6
Slide 7: Record Results in 2024, Turnover +16%, Net Profit +40%
RECORD RESULTS IN 2024, TURNOVER +16%, NET PROFIT +40% TURNOVER NET ASSETS RON 175.70 mil. +16.44% RON 277.39 mil. +19.95% vs 2023 vs 31.12.2023 NET PROFIT TOTAL ASSETS RON 31.75 mil. +40.02% RON 361.66 mil. +17.44% vs 2023 vs 31.12.2023 EBITDA EQUITY RON 70.72 mil. +31.02% RON 164.99 mil. +23.73% v
Slide 8: Factors That Influenced the 2024 Results
FACTORS THAT INFLUENCED THE 2024 RESULTS Decrease in production Income from Increase in subsidies costs for crops by turnover by 16% decreased by approximately 4%. 13% Increase in raw materials The increase of The increase in and consumables by 8% personnel expenses by depreciation by 21% expenses 7
Slide 9: Continuous Financial Growth Performance
CONTINOUS FINANCIAL GROWTH PERFORMANCE 2024 Results were above the budgeted figures TURNOVER, mil. RON EBITDA, mil. RON NET PROFIT, mil. RON 180.00 175.70 160.00 150.79 150.89 140.00 120.00 80.00 70.72 100.00 60.00 53.97 40.00 31.75 80.00 43.34 40.00 22.67 60.00 20.00 46.95 13.94 20.00 16.89 8.89 40
Slide 10: Financial Results Highlights 2024
FINANCIAL RESULTS HIGHLIGHTS 2024 PROFIT AND LOSS ACCOUNT 31/12/2024 31/12/2023 ∆% (RON) Operating revenues amounted to RON 264 million, an increase of 13% compared to the OPERATING INCOME – TOTAL 264,319,815 234,724,747 12.61% same period last year. OPERATING EXPENSES – TOTAL 218,862,630 200,188,60
Slide 11: The Main Elements of the Balance Sheet
THE MAIN ELEMENTS OF THE BALANCE SHEET Equity increased by 24% compared to December BALANCE SHEET INDICATORS (RON) 31/12/2024 31/12/2023 ∆% 31, 2023, reaching RON 165 million. The evolution was determined by the recording of a net profit of FIXED ASSETS - TOTAL 243,511,009 212,141,058 14.79% RON 32
Slide 12: Consistent Growth in Milk Deliveries in 2024
CONSISTENT GROWTH IN MILK DELIVERIES IN 2024 Milk production has maintained an upward trend with a monthly average of over 5 million liters. Approximately 63 million liters of milk were delivered in 2024, exceeding the target of 60 million liters for 2024. 12
Slide 13: Milk Deliveries in 2025: A Positive Trend in the First Quarter
MILK DELIVERIES IN 2025: A POSITIVE TREND IN THE FIRST QUARTER In Q1 2025, DN AGRAR recorded an advance of approximately 7% in terms of the quantity of milk delivered, compared to the same period in 2024. In March 2025, the volume of milk delivered increased by approximately 8%, compared to March 20
Slide 14: Pioneering Sustainable Agriculture in Romania
PIONEERING SUSTAINABLE AGRICULTURE IN ROMANIA At DN AGRAR, our aim is to be a leader in sustainable agriculture, ensuring economic viability while preserving environmental resources and contributing positively to the communities we operate in. Key actions taken and technologies implemented Installat
Slide 15: DN AGRAR Cereal Production Evolution
DN AGRAR CEREAL PRODUCTION EVOLUTION Triticale silage: In 2024, we had a production of 32 tons/ha 39% vs. 2023 Corn silage: In 2024, we had a production of 29 tons/ha 24% vs. 2023
Slide 16: European Milk Market & Outlook 2024
EUROPEAN MILK MARKET & OUTLOOK 2024 Collected milk evolution RO 12.3% European milk market HU 9.8% PL 2.4% BG 2.3% Jan-Feb 2025/Jan-Feb 2024 Price, EUR/100kg RO 48.48 HU 51.62 PL 54.57 BG 48.17 EU 53.84 as of Febr 2025 *https://agriculture.ec.europa.eu/data-and-analysis/markets/price-data/price-moni
Slide 17: DN AGRAR Projects & Outlook
DN AGRAR PROJECTS & OUTLOOK 17
Slide 18: Budget 2025 Forecasting
BUDGET 2025 FORECASTING TURNOVER NET PROFIT OPERATING INCOME RON 211.57 mil. RON 38.84 mil. RON 312.58 mil. +20.42% +22.37% +18.26% Vs 31.12.2024 Vs 31.12.2024 Vs 31.12.2024 EBITDA MARJA EBITDA MARJA PROFIT RON 88.58 mil. 41.87% 18.36% +25.25% +4.02% +1.60% Vs 31.12.2023 Vs 31.12.2024 Vs 31.12.2024
Slide 19: Budget 2025 Forecasting
wy BUDGET 2025 FORECASTING Indicators TARGET 2025 Net turnover Operating income - total Operating expenses - total Financial income - total Financial expenses - total Total income Total expenses Gross profit or loss Net profit or loss for the financial year EBITDA MARJA EBITDA MARJA PROFIT RON 211,5
Slide 20: Straja Project - A Significant Expansion in Production
STRA JA PROJECT - A SIGNIFICANT EXPANSION IN PRODUCTION 2024: Key Highlights ➢ The foundation works were completed • Started in 2023, and planned to be completed in ➢ Part of the main hall, finalized 2027. ➢ Waste storage lagoon, finalized • Capacity of 5,000 cows (4,000 dairy cows and 1,000 young s
Slide 21: Straja Project Current Status
STRA JA PROJECT CURRENT STATUS 21
Slide 22: Straja Project Current Status
STRA JA PROJECT CURRENT STATUS 22
Slide 23: 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 24: 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 20 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 25: DN AGRAR Strategic View by 2027/2028
DN AGRAR STRATEGIC VIEW BY 2027/ 2028 A Clear and Achievable Vision Building a Major The 5 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 factory
Slide 26: DN AGRAR Farms 2027/2028
DN AGRAR FARMS 2027/2028 AQUISITION FARM ~ 100 million liters of milk will be • ………. dairy cattle delivered annually, starting 2028 • ………. liters/day • ………. cows milked/hour APOLD FARM STRA JA FARM • 6,000 dairy cattle + young stock • 5,000 dairy cattle + young stock • 100,000 liters/day • 100,000 l
Slide 27: Automation and Energy Diversification
AUTOMATION AND ENERGY DIVERSIFICATION Obtaining voluntary certification for the compost produced Obtaining voluntary In parallel with the start-up of the compost plant, we have carbon reduction embarked on an ambitious project to obtain voluntary Allowances certification for the compost produced. Th
Slide 28: Future Plans Under Analysis: Vertical Farming
FUTURE PLANS under analysis Vertical Farming Under analysis Advantages: • Year-round production • Climate and weather agnostic • More efficient use of space • Urban farming • Lower labor costs • Minimal water use • No soil degradation • No usage of pesticides or herbicides The two leading challenges
Slide 29: New Strategic Investments Planned for 2025
NEW STRATEGIC INVESTMENTS PLANNED FOR 2025 New Compost Factory at Lacto Agrar Solar panels with an installed Farm capacity of 2,218 kW Investment of EUR 1.7 million Investment of approx. EUR 1.7 million • Second composting unit within the Group • The investment aims to install solar panels on the ro
Slide 30: Q1 2025 Outlook on Milk Market Evolution
Q1 2025 OUTLOOK ON MILK MARKET EVOLUTION DN’s milk price evolution In the context of the evolution of the milk market, in the first quarter of 2025, DN AGRAR benefited from a significant increase in the price of the milk sold, compared with the similar period of 2024. 30
Slide 31: Contact Investor Relations
CONTACT INVESTOR RELATIONS Peter de Boer, BoD Member & Strategy and IR Director investors@dn-agrar.eu , +40 258 818114 31
Slide 32: Strategy 2030
STRATEGY 2030 ➢ New significant investments that will become operational until 2030 ➢ Updated scenarios ➢ Strategy Presentation will be announced 32
Slide 33: Future Events
FUTURE EVENTS 29th of April 2024 Annual Report Beginning of 2024 ESG Report publication May publication 22nd of May Q1 2025 Results 26th of May Q1 2025 Results Teleconference May Presentation of the Strategy by 2030 DN AGRAR will publish the updated strategy, including the working scenarios