Hagar Hf. · OMXICE:HAGA

Hagar Hf — FY2023/24 Earnings Presentation

28 slides from Hagar Hf's earnings presentation, Apr 24, 2024

  1. Slide 1: Presentation of Q4 and annual results 2023/24

    Presentation of Q4 and annual results 2023/24 Strong year behind with increased sales and improved profit Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO April 24th, 2024 *This presentation is translated from the Icelandic version which was published on April 24th, 2024. Should there be discrepanc

  2. Slide 2: Overview

    Overview Highlights from operations Financial statements Status and prospects 2

  3. Slide 3: Year in a nutshell: Key figures

    Year in a nutshell: Key figures 12M 2023/24 (changes from 12M 2022/23) 173.3 b.ISK 13.1 b.ISK 5.0b.ISK sales EBITDA* profit* 7.0% 8.5% 1.9% 20.8% 13.6% 36.5% gross margin salaries- and cost ratio equity ratio 1.6%pt. 0.7%pt. 2.3%pt. * In Q2 and Q3 last year the effect of one-off items on EBITDA amou

  4. Slide 4: Quarter in a nutshell: Key figures

    Quarter in a nutshell: Key figures Q4 2023/24 (change from Q4 2022/23) 42.8 b.ISK 2.8 b.ISK 1.2b.ISK sales EBITDA profit* 6.5% 18.0% 62.0% 20.9% 14.6% 36.5% gross margin salaries- and cost ratio equity ratio 1.7%pt. 0.9%pt. 2.3%pt. * Klasi Ltd. is an associated company and Klasi‘s profit therefore a

  5. Slide 5: External factors: Inflation down but world fuel prices up in Q4

    External factors : Inflation down but world fuel prices up in Q4 Consumer Price Index, annual change, % 12,5 9,9 9,7 9,3 9,4 9,3 9,6 9,9 10,2 9,8 9,9 9,5 8,9  Inflation decreased 10,0 8,8 8,0 7,9 8,0 7,2 7,6 7,6 7,7 7,7 6,7 6,8 in the period and 7,5 6,6 closed at 6.6% - 5,0 increased then slightly

  6. Slide 6: This stands out in the quarter

    This stands out in the quarter  Operations in Q4 advanced well - continuing sales increase and better profits  Increased activity in groceries, in sold units and customers visits - slight decline in sold fuel litres in Q4 as of decreased activities of fishing companies  Profit increases, a.o. due

  7. Slide 7: Stores and warehouses: Improved profits due to enlarged activity and impact from Klasi

    Stores and warehouses: Improved profits due to enlarged activity and impact from Klasi Income statement Q4 2023/24 (m.ISK) Q4 '23/24 Q4 '22/23 Δ %Δ  Income from groceries, specialty products and warehouses increased by 12% year-on-year and Income 32.165 28.706 3.459 +12,0% amounted to just under 32

  8. Slide 8: Hagkaup: Christmas shopping excellent and profit strengthens between the years

    Hagkaup: Christmas shopping excellent and profit strengthens between the years  Sales in Q4 amounted to 7.1 b.ISK and grew by just over 8% from previous year - operations strengthen extensively between the years  Christmas sales proceeded well and the Hagkaup- Hamburger rack ((smoked glazed pork r

  9. Slide 9: Bónus: Continuing increased activities with extensive customers growth

    Bónus: Continuing increased activities with extensive customers growth  Sales in Q4 amounted to just over 22 b.ISK and grew by just over 14% from the previous year - revenue improves considerably between the years  Continuing increased activity - number of customers grows and sold units increase c

  10. Slide 10: Olís: Quarter's operation under plans - strong operational year over-all

    Olís: Quarter’s operation under plans - strong operational year over-all Income statement Q4 2023/24 (m.ISK)  Income in Q4 amounted to11 b.ISK and decreased by 7% year-on-year - lower world fuel prices from previous year Q4 '23/24 Q4 '22/23 Δ %Δ  Sold fuel litres slightly fewer - retail market sim

  11. Slide 11: Klasi: projects proceeding well, over 300.000 sqm being developed

    Klasi: Klasi’s projects proceeding well and still over 300.000 sqm being developed  Projects of the property management company Klasi 33,3% ownership of Hagar in associated company Klasi Ltd., m.ISK proceeded well last year 4,037  The company continued to develop attractive building sites, prepare

  12. Slide 12: Olíudreifing: Preparations for selling of Hagar's share in progress

    Olíudreifing: Preparations for selling of Hagar’s share in progress  Hagar published on December 1st that Olís and Festi had in cooperation hired Íslandsbanki Corporate Management Service to advice on strategy and future prospects regarding the ownership of the companies in Olíudreifing, EAK and EB

  13. Slide 13: Sustainability: New environmental settlement for non-financial information

    Sustainability: New environmental settlement for non-financial information  Strategy and new frame for Hagar about sustainability matters and non- financial information  Analysis of sustainable related effects, risk and opportunities in Hagar’s operation with the purpose to determine which sustain

  14. Slide 14: Overview

    Overview Highlights from operations Financial statements Status and prospects 14

  15. Slide 15: Decent sales increase and better profits in Q4

    Decent sales increase and better profits in Q4 Income statement Q4 2023/24 (m.ISK)  Sales in Q4 amounted to 42.8 b.ISK and Q4 '23/24 Q4 '22/23 Δ %Δ grew by 6.5% between the years or by 2.6 b.ISK Sales 42.788 40.160 2.628 +6,5%  Gross margin in ISK amounted to 9,0 b.ISK Gross profit 8.952 7.739 1.2

  16. Slide 16: Strong operating year behind with increased income and profits

    Strong operating year behind with increased income and profits Income statement 12M 2023/24 (m.ISK)  Annual sales amounted to 173 b. ISK and 12M '23/24 12M '22/23 Δ %Δ grew by 7.0% between the years Sales 173.270 161.992 11.278 +7,0%  Stores and warehouses sales increases amounted to 15.1% but dec

  17. Slide 17: Good sales increase characteristics of recent years

    Good sales increase characteristics of recent years Operational key factors (12M 2019/20 – 12M 2023/24) Sales (b.ISK) Gross margin (%)  Good sales increase between the years - driven by increased activities in Sales and 162,0 173,3 22,2 22,2 20,9 19,1 20,8 operations and inflation effects gross 116

  18. Slide 18: Cash from operation amounted to 8.7 b.ISK in the operational year

    Cash from operation amounted to 8.7 b.ISK in the operational year Cash flow statement 12M 2023/24 (m.ISK) 12M 2023/24 12M 2022/23 Change  Cash from operating activities Profit for the period 5,044 4,949 95 amounted to 8.7 b.ISK in the year and decreased in comparison to the Adjustments 7,897 6,103

  19. Slide 19: Leasing properties and leasing liabilities rise in the year

    Leasing properties and leasing liabilities rise in the year Balance statement February 29th 2024 (m.ISK)  Non-current assets increased by 5.6 29. 2. 28. 2. 29. 2. 28. 2. 2024 2023 %Δ 2024 2023 %Δ b.ISK between the year - mainly due to investment in properties, operational assets Property, plant and

  20. Slide 20: Return on equity high with a historical view

    Return on equity high with a historical view Economic key factors (12M 2019/20 – 12M 2023/24) Return on equity (%) Equity ratio (%)  Return on equity 18,1% over the last Share- 18,5 18,1 40,9 41,0 12 months holders 15,9 39,2 38,8 36,5 12,6 10,2  Equity ratio at the end of year was return 36,5% - t

  21. Slide 21: Overview

    Overview Highlights from operations Financial statements Status and prospects 21

  22. Slide 22: Market price and largest shareholders

    Market price and largest shareholders Market price Closing price 29.02.2024: 76.0 ISK/share 90 80 70 60 50 40 1.5.2020 1.9.2020 1.1.2021 1.5.2021 1.9.2021 1.1.2022 1.5.2022 1.9.2022 1.1.2023 1.5.2023 1.9.2023 1.1.2024 Date Largest shareholders, shares held at end of 29.02.2024 1. Gildi – Pension fun

  23. Slide 23: Earning per share continue to grow

    Earning per share continue to grow Accumulated earnings per share last 12 months (ISK per share)  Earnings per share continue to grow - accumulated profit now 4,59 ISK per share for the last 12 +128% months, which is a 107% increase 4.6 from Q3 2020/21 4.3 4.4 4.4 4.2 4.2 0.7* 4.0 0.7* 3.6 3.5 3.7

  24. Slide 24: Status and prospects

    Status and prospects  Operation has proceeded well the last months and prospects are good - Operational sections doing well - increased demand and decent profits - The most economical food basket has hardly ever been more attractive - New pillars in operation and subsidiaries, e.g. Eldum rétt and K

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  26. Slide 26: Companies within the Hagar Group

    Companies within the Hagar Group ASSOCIATES WITHIN THE GROUP Bónus is a chain of discount Hagkaup is a leading retail Olís specialises in the sale and Eldum rétt offers it’s customers stores that, from its founding, company which emphasises on service of fuel and other oil food packages through an h

  27. Slide 27: Disclaimer

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

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Hagar hf. — FY2023/24 Earnings Presentation on 6ix