Hagar Hf. · OMXICE:HAGA
Hagar Hf — Q3 2021/22 Earnings Presentation
26 slides from Hagar Hf's earnings presentation, Jan 13, 2022
Slide 1: Presentation of Q3 2021/22 results
Presentation of Q3 2021/22 results Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO January 13th 2022 *This presentation is translated from the Icelandic version which was published on January 12th, 2022. Should there be discrepancies between the two versions, the Icelandic version will take priori
Slide 2: Contents
Contents Highlights from operations Financial statements Status and prospects 2
Slide 3: Quarter in a nutshell: Key figures
Quarter in a nutshell: Key figures Q3 2021/22 (changes from Q3 2020/21) 33.6 b.ISK. 2.5 b.ISK. 0.8b.ISK. sales EBITDA profit 12.6% 30.2% 87.7% 20.6% 13.4% 40.3% gross margin salaries- and cost ratio equity ratio 0.9%pt. 1.9%pt. 0.5%pt. 3
Slide 4: Increased sales and improved profits
Increased sales and improved profits Operations in Q3 successful with gross turnover and profits exceeding plans and last year - basic KPI’s stronger Gross margin in ISK grows both for the group´s grocery and fuel sections but margin ratio decreases slightly New 2.5 b.ISK. non-indexed 3 year b
Slide 5: Stores and warehouses: Activity and profit increased between years
Stores and warehouses: Activity and profit increased between years Income Statement Q3 2021/22 (b. ISK.) Revenues from groceries, specialty products Q3 '21/22 Q3 '20/21 Δ %Δ and warehouses increased between years and amounted to 23.2 b.ISK - EBITDA was Income 23,2 22,8 +0,4 1,8% 1.9 b.ISK. (8.2%)
Slide 6: Bónus: New piglet, extended opening hours and still most cost-effective shopping
Bónus: New piglet, extended opening hours and still most cost- effective shopping Sale in Q3 amounbted to just over 15 b.ISK. exceeding plans and last year Gross margin in the quarter continue to strengthen but remains under equilibrium in the long run – recent purchase price increases and furth
Slide 7: Hagkaup: Strong quarter and online world opens
Hagkaup: Strong quarter and online world opens Sales in Q3 amounted to 5.7 b.ISK., which is exceeding plans and last year - margins in line with plans and profit slightly higher Customers visits and sold units grow Continuing successful sales in cosmetics and toys - Icelanders continue to shop
Slide 8: Olís: Increased revenues and improved operations
Olís: Increased revenues and improved operations Income Statement Q3 2021/22 (b.ISK.) Sales in Q3 amounted to 11.0 b.ISK. and Q3 '21/22 Q3 '20/21 Δ %Δ increased by 44% between years - EBITDA amounted to just over 0.6 b.ISK. (5.7%) and Income 11,0 7,7 +3,3 43,5% increases considerably from previous
Slide 9: Highlights from operations: Further changes of emphasis within Olís
Highlights from operations : Further changes of emphasis within Olís Further strategic changes to increase cost-effectiveness and to meet changing external circumstances as due to energy changeover The work also includes strengthening brand images, to increase focus and organisational flexibilit
Slide 10: Hagkaup's online cosmetic store opens soon
Highlight from operations: Hagkaup‘s online cosmetic store opens soon The development of the Hagar group in the medium and long term, and the response to customers' requests for increased accessibility, efficiency, information and services, will to a large extent be based on digital solutions. T
Slide 11: Brand and store upgrading
Highlight from operations : Brand and store upgrading In recent months the Hagar‘s brand specialties in the consumer market have been reviewed and defined, with special emphasis on internal and external image, products offered and services The first results of this work were circulated in Novemb
Slide 12: Structure and operation of a property development company
Highlight from operations : Structure and operation of a property development company At the beginning of December agreements were signed* for the Hagar‘s purchase of new shares in the property development company Klasi ehf. including cooperation of Hagar, Reginn hf. and KLS eignarhaldsfélag ehf.
Slide 13: Contents
Contents Highlights from operations Financial statements Status and prospects 13
Slide 14: Good sales growth in Q3 and profit 841 m.ISK.
Good sales growth in á Q3 and profit 841 m.ISK. Consolidated Financial Statement Q3 2021/22 (b.ISK.) Sales increased by 12.6% between Q3 '21/22 Q3 '20/21 Δ %Δ years or about 3,8 b.ISK. Sales 33,55 29,79 3,76 12,6% Gross profit grew measured in ISK of about 8.1% but margin ratio Gross profit 6,92
Slide 15: Margins rise and profits improve considerably between years
Margins rise and profits improve considerably between years Consolidated Financial Statement 9M 2021/22 (b.ISK.) Sales increased by 12.9% between 9M '21/22 9M '20/21 Δ %Δ years or by 11.5 b. SK. Sales 100,47 88,95 11,52 12,9% Gross profit grew by 8.5% but margin ratio decreased between years by
Slide 16: Cost and revenue ratios improve compared to previous periods
Cost and og revenue ratios improve compared to previous periods Operational key factors (9M 2017/18 – 9M 2021/22) Sales (b.ISK.) Gross margin (%) Good sales increase in comparison with last years - Olís becomes part of Sales and 100,5 24,8 24,1 gross 87,7 89,0 22,1 21,9 21,1 Hagar group in Decembe
Slide 17: Cash increases considerably in the first 9 months of the year
Cash increases considerably in the first 9 months of the year Consolidated Cash Flow 9M 2021/22 (b.ISK.) 9M 2021/22 9M 2020/21 Change Cash from operations at the end of the 3.3 1.7 1.6 Profit for the period period amounted to 7.0 b.ISK. and grew in comparison with previous year of Adjustments 4.7
Slide 18: Strong balance sheet at the end of the period
Strong balance sheet at the end of the period Consolidated Balance Sheet November 30th 2021 (b.ISK.) Non-current assets decreased by 2.5 b.ISK. from the end of the year, a.o. due to property reclassification to be handed 30. 11. 28. 2. 30. 11. 28. 2. 2021 2021 %Δ 2021 2021 %Δ over to Klasi - prope
Slide 19: Increased return on equity - reduced operational risk
Increased return on equity - reduced operational risk Economical key factors (9M 2017/18 – 9M 2021/22) Return on equity 16.3% last 12 months Return on equity (%) Equity ratio (%) Equity ratio at the end of Q3 amounted to 40.3% compared to 39.8% at the end Share- 17,9 61,3 holders 16,3 of Q3 last
Slide 20: Contents
Contents Highlights from operations Financial statements Status and prospects 20
Slide 21: Market price and largest shareholders
Market price and largest shareholders Market price Closing price 30.11.2021: 65,5 ISK. / share 70 65 60 55 50 45 40 1.3.2020 1.5.2020 1.7.2020 1.9.2020 1.11.2020 1.1.2021 1.3.2021 1.5.2021 1.7.2021 1.9.2021 1.11.2021 1.1.2022 Date Largest shareholders, shares held at end of 30.11.2021 1. Gildi - Pen
Slide 22: Earnings per share moving upward the last four quarters
Earnings per share moving upward the last four quarters Accumulated earnings per share last 12 months (ISK. per share) Earning per share has been growing +78% last four quarters, and accumulated 3,47 3,40 3,57 earnings is now 3.57 ISK. per share for 3,21 the last 12 months 2,95 2,86 2,56 2,54 Th
Slide 23: Status and prospects
Status and prospects It can be assumed that the impact of the COVID-19 pandemic could affect the Group's operations into the next operating year Continued global price escalations for commodities and consumer goods due to supply chain crises and increased demand in the global economy Other cos
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Slide 25: 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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