Auga Group Ab · OMXVSE:AUG1L
Auga Group Ab — Q1 2024 Earnings Presentation
29 slides from Auga Group Ab's earnings presentation, June 2024
Slide 1: Presentation on the financial results for the 3 months of 2024
Presentation on the financial results for the 3 months of 2024
Slide 2: Presented by
Presented by Kęstutis Juščius Chair of the Board of AUGA group, AB 2
Slide 3: Content
Content 1. Financial results for the 3 months of 2024 and corresponding overview by segment. 2. Outlook for 2024. 3. Strategy implementation and Tech projects. 3
Slide 4: Results for the 3 months of 2024
Results for the 3 months of 2024 EUR million 2024 3M 2023 3M* Variance 2022 3M Revenue 19.74 19.96 -1% 17.56 Gross profit 2.71 1.90 +43% 5.65 Net profit (loss) (2.58) (3.14) +18% 1.21 EBITDA 4.26 2.68 +59% 6.71 *The results include continuing operations (excl. Grybai LT) Gross profit increased by 43
Slide 5: Results by segment: crop growing
Results by segment: crop growing
Slide 6: Crop growing
Crop growing Commodity price trends Wheat price, EUR/t 600 The conventional MATIF 550 prices show positive trends. 500 450 Rapeseed MATIF price 400 402 increased (from EUR 444 to 350 EUR 496 per tonne) from the 300 beginning of 2024 to 31st of 260 250 May 2024. 200 The growth of organic prices 150 c
Slide 7: Crop growing
Crop growing Revaluation of biological assets Gain (loss) on initial recognition of biological asset at fair value per quarter, EUR '000 The results of Q1 are higher 6,000 3,756 compared to the previous period, 4,000 3,529 as there were no assumptions 2,000 816 404 with negative impact this year. 0
Slide 8: Crop growing
Crop growing 2024 3M 2023 3M Variance 2022 3M Financial results Total cultivated land, ha 37,892 38,584 -2% 38,591 The decline in sales revenue EUR million 2024 3M 2023 3M Variance 2022 3M during Q1 resulted from lower Total gain (loss) on revaluation of 2.10 2.09 +1% 5.86 prices of goods sold and c
Slide 9: Results by segment: dairy
Results by segment: dairy
Slide 10: Dairy
Milk yield, kg/cow/day Dairy 24.0 23.9 23.3 23.3 22.7 Yield and price dynamics 23.0 22.7 23.0 22.5 22.4 22.3 22.4 22.9 22.0 21.9 22.0 22.5 22.3 21.5 Milk yield per cow was 2% higher in 21.8 21.3 21.3 21.4 21.4 2024 Q1 vs. 2023 Q1 and was the 21.0 20.7 21.2 20.1 19.9 20.0 highest in the last three ye
Slide 11: Dairy
Dairy 2024 3M 2023 3M Variance 2022 3M Sales volume*, t 7,636 7,029 +9% 7,324 Financial results Milk 7,045 6,496 +8% 6,986 The 4% increase in the prices of Milk commodities 302 322 -6% 113 raw milk resulted in a gross profit. Cattle 289 211 +37% 225 Despite the increased quantity EUR million 2024 3M
Slide 12: Results by segment: mushroom growing
Results by segment: mushroom growing
Slide 13: Mushroom growing
Mushroom Price of mushrooms (excl. transport and packaging), EUR/t growing 2,600 2,440 2,510 2,432 2,393 2,319 2,374 2,300 2,164 2022 Price and production volume 1,998 2,123 dynamics 2,000 2023 2024 Price of mushrooms excluding 1,700 Q1 Q2 Q3 Q4 transport and packaging was higher YoY. Production vol
Slide 14: Mushroom growing
Mushroom growing Financial results 2024 3M 2023 3M Variance 2022 3M Mushrooms sales volume, t 2,783 2,875 -3% 3,308 Not all produced quantity was Average price (EUR/t) 2,751 2,595 +6% 2,255 sold during 2024Q1, as part of the mushrooms remained in EUR million 2024 3M 2023 3M Variance 2022 3M stock. T
Slide 15: Results by segment: FMCG
j misija be kainos gamtal gy misija isi iste be kainos Be eincs Be kainos gamtal pe gerntai pa | gamtai py misija be kainos gamtai gy |
Slide 16: FMCG
FMCG Growing segment EUR million 2024 3M 2023 3M* Variance Sales revenue 0.67 0.20 +234% 2023 Q1 result excludes the Cost of goods sold (0.62) (0.33) +90% performance of Grybai LT Gross profit 0.05 (0.13) n/a (producer of ready-to-eat soups *Segment results comprise continuing operations (excl. Gryb
Slide 17: Outlook for 2024
Outlook for 2024
Slide 18: Outlook for 2024
Outlook for 2024 40 EUR, million 30 13.8 On the basis of the currently available information, the Executive 20 2.0 0.5 2.2 team remains committed to the 2.0 EBITDA forecast for 2024, due to the Est. EUR fact that the key operating 10 23.3 million 14.7 assumptions (esp. commodity EBITDA market prices
Slide 19: Strategy implementation and Tech projects
Strategy implementation and Tech projects
Slide 20: A Global Problem We Need to Solve
A Global Problem We Need to Solve Food situation by 20501 with no large scale technologies available Growing demand in food supply, which we need to boost by 56% by 20501, without further agricultural land expansion; Increasing emissions in agriculture, CO2eq which need to reduced by 67%2 to meet 2°
Slide 21: AUGA Could Lead the Change
AUGA Could Lead the Change AUGA‘s experience puts us in a unique position to understand the needs of farmers and consumers: AUGA group, a major player in European agriculture, brings two decades of farming expertise to guide AUGA Tech’s technology development; A 38 thous ha farming operation network
Slide 22: AUGA Tech: A Roadmap
AUGA Tech: A Roadmap 5 years ago Now 5 years from now AUGA group recognized the AUGA Tech has developed and tested AUGA Tech will commercialise the absence of sustainable unique patented fossil fuel-free sustainable farming technologies, proving technologies in the largest emission machinery and low
Slide 23: How Can This Become a Reality?
How Can This Become a Reality? Laying down the foundation for sustainable farming technology industry • EUR 10 M from initial investment by AUGA group (2018 – 2024); • EUR 15 M (quasi-) equity from private investors (2024) unlocks EUR 60 M from "Billion for Business" programme, administered by the N
Slide 24: AUGA's Solutions: Technology Portfolio
AUGA’s Solutions: Technology Portfolio AUGA M11,2 Features: Tractor • 300 - 500 HP • Patented unique frame • Bidirectional energy Emission savings: • Biomethane-electric construction supply, able to cover up 114 t. / unit annually hybrid • Replaceable gas to 50% of tractor’s TRL3 8 – system • 12 hou
Slide 25: The Significance of "Mission no cost to nature"
The Significance of „Mission no cost to nature“ Technology Portfolio to AUGA group Value to the Company and Shareholders: 1. A new revenue stream from breakthrough technologies could come as technology sales to farmers or sale of IP rights to industry players. 2. Improvement of business efficiency a
Slide 26: Share price information
Share price information AUGA group, AB share price on Nasdaq Vilnius, EUR The share price decreased by 0.7 4% (from EUR 0.300 to EUR 0.6 0.288 per share) from the 0.5 beginning of 2024 to 31st of 0.4 May 2024. 0.3 The average monthly turnover 0.2 was EUR 0.19 million. 0.1 0 2014/01 2015/01 2016/01 2
Slide 27: More information
More information • Nasdaq Vilnius, Baltic Main List, AUGA group, AB shares: AUG1L • Nasdaq Vilnius, Baltic Bond List, AUGA group, AB green bonds: AUGB060024A • Information for investors: http://auga.lt/en/for-auga-investors • Analyst reports, data in MS Excel format: https://auga.lt/en/investors/rep
Slide 28: Important Notice
IMPORTANT NOTICE This presentation has been prepared by AUGA group, AB (AUGA group) solely for informational purposes and must not be relied upon, disclosed or published, or used in part for any other purpose. The presentation should not be treated as investment advice or provide basis for valuation
Slide 29: Synonym for sustainable food and lifestyle
SYNONYM FOR SUSTAINABLE FOOD AND LIFESTYLE