Auga Group Ab · OMXVSE:AUG1L
Auga Group Ab — FY2022 Earnings Presentation
24 slides from Auga Group Ab's earnings presentation, March 2023
Slide 1: Presentation on the Financial Results for 12 Months of 2022
aU ga Toroup PRESENTATION ON THE FINANCIAL RESULTS FOR 12 MONTHS OF 2022
Slide 2: Presented by Mindaugas Ambrasas, CFO
PRESENTED BY YY Y 12M2022 Mindaugas Ambrasas CFO
Slide 3: AUGA Group at a Glance
AUGA GROUP AT A GLANCE* Founded in 2014 The largest vertically integrated organic food producer in Europe 4 business segments 1,226 employees million EUR 80. revenue YY Y 12M2022 ~70« of sales is export Listed on Nasdaq Vilnius 38.5: of arable land Products are sold in 40 countries *Unaudited financ
Slide 4: Results
RESULTS The Group had rebounded from very difficult Y2021 despite challenging environment. Energy and fuel costs alone increased by more than EUR 7 million YoY. No financial impact from technological developments in Y2022. YY Y 12M2022 aU ga EUR million 202212M | 202112M 2020 12M Operating results h
Slide 5: Results by segment: Crop growing
Results by segment Crop growing
Slide 6: Crop growing: lower than expected result on initial recognition of biological assets
CROP GROWING Lower than expected result on initial aU recognition of biological assets at fair value in ga Q4 Main reasons: Gain (loss) on initial recognition of biological asset at fair value, €'000 * Extensive cost review after Q4. * Gain on next season's harvest as for 31%* December is lower 2.91
Slide 7: Crop growing 2022 12M results
CROP GROWING 2022 12M results au Significant improvement YoY ga Higher prices partially 202272 | 202112 2020 12M compensated growing costs and _ Total cultivated land, ha 38,525 39,139 -2% 39,637 average yields. EUR million 202212M | 202112M 2020 12M Total gain (loss) on revaluation of biological as
Slide 8: Winter cash crops area and share of total area
Winter cash crops area (ha) and share of total area, % 60% 20 000 53% 51% 51% 58% 52% 50% 15 000 17 404 16 999 15 995 40% 15 600 14 500 30% 10 000 19% 20% 5 000 5 500 10% - 0% 2017/2018 2018/2019 2019/2020 2020/2021 2021/2022 2022/2023 Winter cash crops area, ha Winter cash crops share of total area
Slide 9: Crop growing: pricing trends
CROP GROWING The prices for majority of crops have decreased from Y2022 level. There are lots of uncertainties regarding prices for new organic harvest. YY Y 12M2022 Pricing trends au Organic vs. Conventional wheat price in Germany*, EUR/t Organic wheat (food) Organic wheat (feed) ==Conventional whe
Slide 10: Results by segment: Dairy
Slide 11: Dairy 2022 12M results
DAIRY 2022 12M results au High prices were main driver for improving profitability. ga REC REM 202002M | 207M Vorionce | 2020720 | consists of 3,457 cows and . Total quantity of products sold, t 26,594 27,053 -2% 26,799 3,487 heifers and bulls, Milk 25,334 25,685 1% 25,384 compared to 3,577 cows and
Slide 12: Dairy: milk yield and price dynamics
DAIRY Milk yield and price dynamics aU Milk yields, kg/cow/day 230 0227 29 ves With the use of 2021/2022 no ps 224 season crops, the quality of 7° feed and milk yield returned to | the level of 2021. us Average milk price has increased by 31% since the .,, begin ning of 2022. The trend Jan Feb Mar A
Slide 13: Results by segment: Mushroom growing
Slide 14: Mushroom growing 2022 12M results
MUSHROOM 2022 12M results q2 GROWING Negative result affected by growing energy costs. . j j Sold mushrooms, t 11,552 12,002 4% 12,906 Growing energy prices (increase of 65% / EUR 2.30 Average price (Eur/t) 2.384 2.323 +3% 2199 million); EUR million 202212M | 202112M 2020 12M + Delay in increase of
Slide 15: Mushroom growing: energy costs and quarterly production
MUSHROOM GROWING Energy costs have decreased from their peak in Q3 and stabilised. Price of mushrooms, excluding transport and packaging effect, was 16% higher in Q4 compared to Q1. Normalized production volumes would improve results to historical levels. YY Y 12M2022 6,000 5,000 4,000 3,000 2,000 1
Slide 16: Organic soups
CARROT SOUP 7 ORGANI Ss BEETROOT SOUP ORGANI CHAMPIGNON SOUP ORGANIC SPICY CURRY SOUP ORGANIC au ga BUTTERNUT SQUASH SOUP MINESTRONE SOUP ORGANIC TOMATO soup - ORGANIC THREE LENTIL SOUP _ ORGANIC
Slide 17: FMCG 2022 12M results
FMCG Even though growth of sales had stalled in H1, sales in the second half of the year returned to target levels. There is a_ potential for improvement of profitability, as: * price increase was delayed in 2022; * launch of new products. YY Y 12M2022 2022 12M results Back to growth path: +31% YoY
Slide 18: FMCG new products launched
FMCG New products launched aU At the beginning of 2023, AUGA group introduced a new product category - ready to eat grain and curry bowls. a3 Oat & Chickpea Grain Bow Gat & Chere The products are sold to local ee and foreign markets. Currently exported to USA, Germany and Poland. YY Y 12M2022 18
Slide 19: Main factors for EBITDA change
RESULTS Crop growing Dairy Mushrooms, FMCG IFRS 16 effect Centralized OPEX YY Y 12M2022 BEBE Main factors for EBITDA change aU Crop growing and Dairy segments have the largest positive affect. ThEUR 2,000 ro a 19507 = ‘000 ‘0000 so00 oO 500 EBITDA 2021 Agriculture Dairy Mushrooms FMCG Other EBITDA 2
Slide 20: Projects to be implemented / further developed in 2023
3 projects to be implemented / further developed in 2023 Completed first batch of 3 tractors. Production will start: 18* facility - April 2"4 facility - May 3'9 facility - June Theoretical annual production volume of 3 facilities - 63 O00 MWH of biomethane. Testing phase, further development of tech
Slide 21: Other information: share price information
OTHER INFORMATION The share price decreased by 4% (from EUR 0.503 to EUR 0.485 per share) from the beginning of 2022 to 28% of February 2023. OMX Baltic Benchmark GI decreased by 5% during the same period. The average monthly turnover was EUR 0.20 million. YY Y 12M2022 Share price information q2 AUG
Slide 22: More information
gU G3 YY Y 12M2022 More information: q2 * Nasdaq Vilnius, Baltic Main List: AUGIL * Nasdaq Vilnius, green bonds: AUGBO60024A * Information for investors: http://auga.lt/en/for-auga-investors e Analyst reports, data in MS Excel format: https://auga.|t/en/investors/reports-and-presentations * News for
Slide 23: Disclaimer
DISCLAIMER QU The information on this presentation may contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to these items. We caution that no forward-
Slide 24: Food with no cost to nature
aU ga Yoroup FOOD WITH NO COST TO NATURE