Hagar Hf. · OMXICE:HAGA
Hagar Hf — Q2 2024/25 Earnings Presentation
27 slides from Hagar Hf's earnings presentation, Oct 18, 2024
Slide 1: Presentation of results Q2 2024/25
Presentation of results Q2 2024/25 Operations good and sales process at Olíudreifing has commenced well Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO October 18th 2024 *This presentation is translated from the Icelandic version which was published on October 18th, 2024. Should there be discrepan
Slide 2: Overview
Overview Highlights from operations Financial statements Status and prospects 2
Slide 3: Quarter in a nutshell: Key figures
Quarter in a nutshell: Key figures Q2 2024/25 (changes from Q2 2023/24) 46.6 b.ISK 4.0 b.ISK 1.7b.ISK sales EBITDA profit 2.8% 10.2% 17.3% 21.8% 13.5% 34.9% margin ratio salaries- and cost ratio equity ratio 0.0% points 1.0% points 1.3% points 3
Slide 4: External influence factors: World fuel price in declining phase in Q2
External influence factors: World fuel price in declining phase in Q2 Consumer Price Index, annual change, % 12,5 Inflation fairly stable 9.4 9.3 9.6 9.9 10.2 9.8 9.9 9.5 8.9 during the period 10,0 7.6 7.7 8.0 7.9 8.0 7.7 7,5 6.7 6.6 6.8 6.0 6.2 5.8 6.3 6.0 and ended at 6.0% - 5.4 5,0 inflation co
Slide 5: Operations: This stands out in the quarter
Operations: This stands out in the quarter Operations in Q2 progressed well and in line with strategies, revenue grew by 2.8% year on year Visits to grocery stores grew in Q2 but the number of items sold decreases slightly or by almost 1% - an increase in Bónus but a decrease in Hagkaup Sold f
Slide 6: Stores and warehouses: Revenue continues to strengthen
Stores and warehouses: Revenue continues to strengthen Income Statement Q2 2024/25 (m.ISK) Income from groceries, specialty products and ware- Q2 '24/25 Q2 '23/24 Δ %Δ houses grew by almost 5% year on year and amounted Income 32.257 30.775 1.482 +4,8% to nearly 32,3 b.ISK. Expenses -29.283 -28.025
Slide 7: Bónus: Continuing increased visitations all over the country
Bónus: Continuing increased visitations all over the country Sales in Q2 amounted to 23.4 b.ISK and grew by 6.5% from the previous year - revenue strengthened proportionally more between the year Continuing increased activity, number of customers growing and has never been greater - slight decre
Slide 8: Hagkaup: Stronger revenue year on year
Hagkaup: Stronger revenue year on year Sales in Q2 amounted to 5.8 b.ISK and also increased from the previous year - operations and revenues strengthen considerably between years Visits still strong in a historical context, but the number of units sold is slightly lower than last year - the effe
Slide 9: Olís: Strong operations in Q2 - challenging comparison with last year
Olís: Strong operations in Q2 - challenging comparison with last year Income Statement Q2 2024/25 (m.ISK) Q2 '24/25 Q2 '23/24 Δ %Δ Revenue in Q2 amounted to nearly 14.8 b.ISK and Income 14.756 15.103 -347 -2,3% decreased by 2.3% year on year Expenses -13.716 -13.381 -335 +2,5% EBITDA amounted to
Slide 10: Glans: Olís soon opens car washes under the name Glans
Glans: Olís soon opens car washes under the name Glans Olís will open the first Glans car washing service at Langitangi in Mosfellsbær in the autumn months Additional Glans stations will become visible subsequently or in the year 2025 Emphasis will be placed on fast service without sacrificing
Slide 11: Veigar: New online store with alcohol at Hagar Wine well received (1/2)
Veigar: New online store with alcohol at Hagar Wine well received (1/2) Online store with alcohol by Hagar Wine B.V., Hagar’s subsidiary, commenced operations in September following a long preparation period The objective is to respond to the demand for increased convenience and simplicity - giv
Slide 12: Veigar: New online store with alcohol at Hagar Wine well received (2/2)
Veigar: New online store with alcohol at Hagar Wine well received (2/2) Hagar maintains stricter rules than is generally customary for the sale and presentation of alcohol locally - promotes responsible purchasing behaviour and considerations of public health Hagar's focus on sustainability and
Slide 13: Overview
Overview Highlights from operations Financial statements Status and prospects 13
Slide 14: Continuing strong operations even with lower profit
Continuing strong operations even with lower profit Income Statement Q2 2024/25 (m.ISK) Sales in Q2 amounted to 46.6 b.ISK and Q2 '24/25 Q2 '23/24 Δ %Δ grew by 1.3 b.ISK or 2.8% year on year Sales 46.579 45.309 1.270 +2,8% Gross margin in ISK amounted to 10.2 b.ISK and grew by 2.7% year on year
Slide 15: Solid increase of gross margin and EBITDA stronger between the years
Solid increase of gross margin and EBITDA stronger between the years Income Statement 6M 2024/25 (m.ISK) Sales 6M amounted to 90.6 b.ISK and grew 6M '24/25 6M '23/24 Δ %Δ by 4.4% year on year Sales 90.646 86.799 3.847 +4,4% The stores and warehouse sales increase amounted to 6.2% and increased s
Slide 16: Increased sales but cost ratios rise between the years
Increased sales but cost ratios rise between the years Operational key factors (6M 2020/21 – 6M 2024/25) Sales (b.ISK) Gross margin (%) Continued sales increase year on year - driven by increased activity in Sales and 90,6 22,1 21,7 81,6 86,8 21,3 19,5 20,7 gross 66,9 operations and the impact of
Slide 17: Cash amounts to 3,0 b.ISK at the end of the period
Cash amounts to 3,0 b.ISK at the end of the period Consolidated Cash Flow 6M 2024/25 (m.ISK) 6M 2024/25 6M 2023/24 Change Cash from operating activities Profit of the period 2,573 2,737 -164 amounted to nearly 5.6 b.ISK in the 4,145 568 period and decreases by 229 m.ISK Adjustments 4,713 from the
Slide 18: Strong balance sheet at end of the period
Strong balance sheet at end of the period Consolidated Balance Sheet August 31st 2024 (m.ISK) Non-current assets amounted to 56.5 b.ISK and increased by 375 m.ISK from the end of the year 31. 8. 29. 2. 31. 8. 29. 2. Current assets increased by 3.4 b.ISK - 2024 2024 %Δ 2024 2024 %Δ of which cash
Slide 19: Equity in line with the boards objectives
Equity in line with the boards objectives Economic key factors(6M 2020/21 – 6M 2024/25) Return on equity 17.8% over the last Return on equity(%) Equity ratio (%) 12 months Share- 18.6 16.4 17.8 40.8 40.7 38.2 36.3 holders 14.7 34.9 The equity ratio at the end of Q2 10.7 return was 34.9% - the bo
Slide 20: Overview
Overview Highlights from operations Financial statements Status and prospects 20
Slide 21: Market price and largest shareholders
Market price and largest shareholders Market price Market price 31.08.2024: 80,0 ISK/share 90 80 70 60 50 40 1.7.2020 1.1.2021 1.7.2021 1.1.2022 1.7.2022 1.1.2023 1.7.2023 1.1.2024 1.7.2024 Date Largest shareholders, ownership at end of day 31.08.2024 1. Gildi - Pension fund 17.7% 6. Birta Pension f
Slide 22: 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 and are now accumulated at 4.49. ISK per share for the last 12 months, but was 3.95. ISK per share a +123% 4.78 year ago - decrease from Q1 is 4.59 4.49 4.28 4.37 4.
Slide 23: Status and prospects
Status and prospects Status of Hagar and operational prospects are, as before, positive: - The operating environment has developed for the better in recent months - long-term labour agreements and declining inflation - Consumer situations a.o. higher loan repayment burden, household consumption ha
Slide 24: Questions?
er Questions? DEED UM
Slide 25: 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
Slide 26: 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
Slide 27: .hagar
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