Rusagro Group · RUS:RAGR
Rusagro — Ros Agro — Q1 2022 Earnings Presentation
21 slides from Rusagro's earnings presentation, May 11, 2022
Slide 1: Ros Agro PLC Investor Presentation 1Q 2022
MAY 11TH, 2022 ROS AGRO PLC INVESTOR PRESENTATION 1Q 2022
Slide 2: Table of Contents
TABLE OF CONTENTS 2 1 Summary Key Indicators (IFRS) 1Q 2022 vs 1Q 2021 3 2 Business Overview by division (IFRS) 11 3 Additional information 16
Slide 3: Section 1: Summary Key Indicators (IFRS) 1Q 2022 vs 1Q 2021
SECTION 1 SUMMARY KEY INDICATORS (IFRS) 1Q 2022 VS 1Q 2021
Slide 4: Ros Agro PLC at a Glance 2021
ROS AGRO PLC AT A GLANCE 2021 4 Diversified Strong Financial Business Leading Market Positions Sustainable Long-Term Growth Results 2021 Adj. EBITDA, RUB bn Net Profit, RUB bn Sugar 1 2 223 2017-2021 adj. EBITDA CAGR Business № № +36% +70% Sunflower oil and Industrial fats and RUB bn consumer margar
Slide 5: 1Q 2022 Highlights
1Q 2022 HIGHLIGHTS 5 +23% +51% +5 pp -66% 61.5 16.9 27% 2.2 1.70 RUB bn RUB bn adj. EBITDA RUB bn Net Debt / Adj. Net Revenue adj. EBITDA margin Net profit EBITDA (LTM) -12% +2% +4% +31% -66% 177 60 400 356 3.1 ths tn ths tn ths tn ths tn RUB bn Sugar Sales Pork products Oil&Fat and Dairy Agricultur
Slide 6: Net Revenue, Adjusted EBITDA: 1Q 2022 vs 1Q 2021
NET REVENUE, ADJUSTED EBITDA: 6 1Q 2022 VS 1Q 2021 Comments Net Revenue (IFRS) Adjusted EBITDA Million roubles Million roubles • Net Revenue increased by RUB Adj. EBITDA margin 11,573 million (+23%) to RUB 61,506 million as a result of Revenue growth +11,573 across all four Business Segments, (+23%)
Slide 7: Debt profile as of 31 March 2022
Debt profile as of 31 March 2022 7 Comments Debt position and liquidity management 31 March 31 December Variance • Gross debt increased by RUB 7,291 million in million roubles 2022 2021 Units % (+4%) up to RUB 180,015 million Gross debt 180,015 172,724 7,291 4 Short-term borrowings 115,856 108,749 7
Slide 8: Net finance income/(expense)
Debt profile as of 31 March 2022 8 Comments Net finance income/ (expense) Net finance income in 1Q 2021 in the Variance amount of RUB 505 million decreased to in million roubles 1Q 2022 1Q 2021 Units % net finance expense of RUB -7,092 million in 1Q 2022 (RUB -7,597 million Net interest expense (1,5
Slide 9: Statement of Financial Position: Key changes
Statement of Financial Position: 9 Key changes 31 March 2022 vs 31 December 2021 Assets Assets Million roubles • Cash & Investments** decreased by RUB 8,286 million. For cash flow and investments 12,757 details please refer to the next slide 242 369,576 (1,051) (108) • Receivables & prepayments incr
Slide 10: Cash Flows: 1Q 2022 vs 1Q 2021
Cash Flows: 1Q 2022 VS 1Q 2021 10 Cash Flows according to Management view Comments (Not IFRS presentation)* Net cash from operating activities: • Increase in adjusted EBITDA (RUB +5,718 million), offset by the decrease in working capital (RUB -19,092 million) mainly as Variance 3M 2022 3M 2021 the r
Slide 11: Section 2: Business Overview by Division (IFRS)
SECTION 2 BUSINESS OVERVIEW BY DIVISION (IFRS) 1Q 2022 VS 1Q 2021
Slide 12: Agriculture Key indicators 1Q 2022 vs 1Q 2021
Agriculture 12 Key indicators 1Q 2022 vs 1Q 2021 Comments Sales Volumes of Agriculture Products Thousand tonnes • Sales volume of agriculture products in 1Q 2022 increased by 31% (+84 thousand Variances tonnes) to 356 thousand tonnes in Item 1Q 2022 1Q 2021 Units % comparison to 1Q 2021 Soybean 102
Slide 13: Oil & Fats Key indicators 1Q 2022 vs 1Q 2021
Oil & Fats 13 Key indicators 1Q 2022 VS 1Q 2021 Comments Sales Volumes of Oil & Fat and Dairy Products Thousand tonnes • Sales volume of Oil & Fat and Dairy products in 1Q 2022 increased by 4% (+14 thousand Variances Item 1Q 2022 1Q 2021 tonnes) to 400 thousand tonnes in Units % comparison to 1Q 202
Slide 14: Sugar Key indicators 1Q 2022 vs 1Q 2021
Sugar 14 Key indicators 1Q 2022 VS 1Q 2021 Comments Sales Volumes of Sugar Production Volumes of Sugar Thousand tonnes Thousand tonnes • Sales volume of sugar in 1Q 2022 decreased by 12% (-24 thousand tonnes) to 177 thousand tonnes in comparison to -12% 1Q 2021. Sales volume were allocated 202 among
Slide 15: Meat Key indicators 1Q 2022 vs 1Q 2021
Meat 15 Key indicators 1Q 2022 VS 1Q 2021 Comments Sales Volumes of Pork Production Volumes of Pork Thousand tonnes Thousand tonnes, in live weight for slaughtering • Sales volume of pork products in 1Q 2022 increased by 3% (+2 thousand tonnes) to 60 thousand tonnes in comparison to 1Q 2021. The gro
Slide 16: Section 3: Additional Information
SECTION 3 ADDITIONAL INFORMATION
Slide 17: Statement of Comprehensive Income (IFRS)
Statement of Comprehensive Income (IFRS) 17 ROS AGRO PLC RUB million Varianсes Description 1Q 2022 1Q 2021 Units % Sales 61,506 49,933 11,573 23 Net gain / (loss) on revaluation of biological assets and (3,097) (2,026) (1,071) (53) agricultural produce Cost of sales (42,878) (37,818) (5,060) (13) Ne
Slide 18: Statement of Cash Flows According to Management view
Statement of Сash Flows According to Management view 18 (Not IFRS presentation) ROS AGRO PLC RUB million Variance 3M 2022 3M 2021 Units % Cash flows from operating activities Profit before income tax 2,440 7,424 (4,984) (67) Adjustments for non-cash and non-operating (income)/expenses, net: Deprecia
Slide 19: Statement of Cash Flows According to Management view - continuance
Statement of Cash Flows According to Management view (Not 19 IFRS presentation) - continuance ROS AGRO PLC RUB million Variance (*) Including in net 3M 2022 3M 2021 Units % cash flows on financial Cash flows from investing activities - assets related to (2,982) (1,870) (1,112) (59) financial activit
Slide 20: Statement of Financial Position (IFRS)
Statement of Financial Position (IFRS) 20 ROS AGRO PLC RUB million 31 March 31 December Variances 2022 2021 Units % ASSETS 369,576 362,321 7,255 2 Current assets Cash and cash equivalents 40,031 46,462 (6,432) (14) Restricted cash 0 0 0 13 Short-term investments 18,732 21,002 (2,269) (11) Trade and
Slide 21: Statement of Financial Position (IFRS) - continuance
Statement of Financial Position (IFRS) 21 - continuance ROS AGRO PLC RUB million 31 March 31 December Variances 2022 2021 Units % Liabilities and EQUITY 369,576 362,321 7,255 2 Current liabilities Short-term borrowings 115,856 108,749 7,107 7 Lease liabilities 1,064 1,131 (67) (6) Trade and other pa