Agrogeneration Sa · EURONEXT:ALAGR
Agrogeneration Sa — Corporate Update (December 2023)
13 slides from Agrogeneration Sa's corporate update, Dec 6, 2023
Slide 1: AgroGeneration Current Performance Highlights
December, 2023 AgroGeneration Current Performance Highlights AgroGeneration SA – 19 boulevard Malesherbes, REGUS, Paris 75008, FRANCE – Tel.: +33 1 55 27 38 40
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements concerning AgroGeneration prepared by management and not reviewed by the board of directors or audited by the statutory auditors. This presentation is intended to give the best information known to and available to the company
Slide 3: Ukraine Macroeconomic Overview (1/2) – Damage from Russian Aggression
Current Performance of the Group Ukraine. Macroeconomic Overview (1/2) – Damage to Ukraine from Russian Aggression Over 6.2M refugees from Ukraine recorded The war caused around $40B in losses (both direct and globally, over 5.8M – across Europe (as of Oct indirect) to the Ukrainian agriculture
Slide 4: Ukraine Macroeconomic Overview (2/2)
Current Performance of the Group Ukraine. Macroeconomic Overview (2/2) Ukraine. Macroeconomic Indicators Evolution Indicator 2021 2022 2023F 2024F Source/s GDP Growth, % ↑3.4% ↓29.1% ↑2-3% ↑3-4% WB, IMF Government Debt, % 48.9% 78.5% 88.1% 98.6% IMF Budget Deficit, % -3.4% -16.3% -29.0% -20.4% IMF I
Slide 5: Ukraine Agricultural Market Highlights
Current Performance of the Group Ukraine. Agricultural Market Highlights Ukraine. 2023 Harvest Latest Expectations (Key Crops), M tons 2021 2022 2023F 23 vs. 22, % 23 vs. 21, % Revised grain production forecast for Grains 80.7 53.3 56.6 +6% -30% 2023 in Ukraine ≈57M tons (↑6% yoy); Wheat 33.0 20.2 2
Slide 6: Ukraine Commodity Market. Wheat & Sunflower Prices Evolution
Current Performance of the Group Ukraine. Commodity Market. Wheat & Sunflower Prices Evolution Wheat prices in Ukraine have declined dramatically since early 2023 due to: Expensive logistics (constant Russian attacks on grain infrastructure led to the increase of railway tariffs and freight) Limited
Slide 7: Footprint at a Glance
Current Performance of the Group Current Footprint at a Glance PUBLIC COMPANY FARMLANDS Listed on NYSE Euronext in Paris ≈30k ha managed, with 33.2% free float (as of Jul 31st, 2023) in the Kharkiv region of Ukraine PRODUCTION ≈80k tons (2022) of grains and oil- based crops MACHINERY FLEET & INFRAST
Slide 8: Impact of War in Ukraine – Losses in 2022
Current Performance of the Group Impact of War in Ukraine – Losses in 2022 Direct Losses Indirect Losses Market crop prices significant reduction, affected by € 7.8 seaports blockade and disruptions in logistics Lost crops Almost 2x reduced production volume on the back of reduced scope of the Group
Slide 9: 2022 Annual Financial Results
Current Performance of the Group 2022 Annual Financial Results During 2022, AgroGeneration’s AgroGeneration. 2022 Annual Financial Results (incl. IFRS 16)(1) financial performance was severely M EUR 2022 2021 Revenue 25.9 43.9 worsened on the back of the full-scale Gross Profit (Loss) (5.6) 32.4 war
Slide 10: 2023 Semi-Annual Financial Results
Current Performance of the Group 2023 Semi-Annual Financial Results EBITDA for the first half of 2023 remained AgroGeneration. 2023 Semi-Annual Financial Results (incl. IFRS 16)(1) M EUR H1 2023 H1 2022 negative amid the ongoing war in Ukraine, 8.6 16.4 Revenue further decline in agricultural crop p
Slide 11: 2023 Operations Overview (1/2)
Current Performance of the Group 2023 Operations Overview (1/2) Harvesting Progress (Key Crops) Trade Progress and Related Issues • Low (by over 60% yoy) As of late November 2023, the Group completed harvested area due to weather sales of its 2022 harvest and was engaged in 2023 Wheat harvesting iss
Slide 12: 2023 Operations Overview (2/2)
Current Performance of the Group 2023 Operations Overview (2/2) AgroGeneration. 2024P vs. 2023A Despite the existing challenges, in 2023, the Crop Mix Evolution Company continued to do everything possible to ensure the smooth operation of all the Group's 2024P Mix – 30% farms within its current scop
Slide 13: 2024 Prospects and Challenges
Current Performance of the Group 2024 Prospects and Challenges 2024 related activities executed or expected to be 2024 Challenges executed by the Group: High logistics costs and low crop Conducted in autumn 2023 winter wheat sowing prices: limited export opportunities in campaign Ukraine, now center