Slide 1: Presentation on the financial results for the 6 months of 2024
Presentation on the financial results for the 6 months of 2024
Slide 2: Presented by
Presented by Kęstutis Juščius Chair of the Board of AUGA group, AB 2
Slide 3: Content
Content 1. Financial results for the 6 months of 2024 and corresponding overview by segment. 2. Strategy implementation and Tech projects. 3. Correction to the EBITDA guidance for 2024. 3
Slide 4: Results for the 6 months of 2024
Results for the 6 months of 2024 EUR million 2024 6M 2023 6M* Variance 2022 6M Revenue 34.67 37.28 -7% 33.99 Gross profit 3.45 1.80 +92% 12.43 Net profit (loss) (6.87) (9.14) +25% 3.65 EBITDA 6.43 3.57 +80% 15.05 *The results comprise continuing operations (excl. Grybai LT) Revenue has decreased due
Slide 5: OPEX breakdown by type
OPEX breakdown by type Selling and administrative 7,000 EUR, thousands expenses 6,000 1,010 In the first half of 2024, marketing and salary 314 5,000 293 932 expenses were lower 671 compared to the same 185 265 295 period in 2023. 4,000 302 439 309 Also, the Group is 584 393 3,000 evaluating other c
Slide 6: Results by segment: crop growing
Results by segment: crop growing
Slide 7: Crop growing: commodity price trends
Crop growing Commodity price trends Wheat price, EUR/t 600 Comparing July 2024 to July 550 2023, the price of organic 500 food wheat has remained 450 similar while the price of feed 400 402 wheat is slightly lower. 350 300 One of the lowest 260 250 conventional wheat MATIF 200 prices in recent years
Slide 8: Crop growing: revaluation of biological assets
Crop growing Revaluation of biological assets Gain (loss) on initial recognition of biological asset at fair value per quarter, EUR '000 The results of Q2 are worse 6,000 3,756 compared to the Q1 due to lower 4,000 3,529 forecasted yields and prices. 2,000 816 125 In the third quarter, lower results
Slide 9: Crop growing: financial results
Crop growing 2024 6M 2023 6M Variance 2022 6M Financial results Total cultivated land, ha 37,758 38,190 -1% 38,525 The decline in sales revenue during EUR million 2024 6M 2023 6M Variance 2022 6M the first half of 2024 resulted from Total gain (loss) on revaluation of lower quantity and prices of go
Slide 10: Crop growing: land consolidation and efficiency improvement
Crop growing Land consolidation and efficiency improvement After assessing the long-term performance of farms and the efficiency of the land under cultivation, the Group decided to discontinue its operations on unproductive land areas: - 3300 ha in the Mažeikiai region; - 432 ha across various locat
Slide 11: Results by segment: dairy
Results by segment: dairy
Slide 12: Dairy: yield and price dynamics
Milk yield, kg/cow/day Dairy 24.0 23.6 24.0 23.9 23.3 23.3 22.7 Yield and price dynamics 23.0 22.7 23.0 22.5 22.4 22.3 22.4 22.9 22.0 21.9 22.0 22.5 22.3 21.5 Milk yield per cow was 11% higher in 21.8 21.3 21.3 21.4 21.4 2024 Q2 vs. 2023 Q2 and was the 21.0 20.7 21.2 20.1 19.9 20.0 highest in the la
Slide 13: Dairy: financial results
Dairy 2024 6M 2023 6M Variance 2022 6M Sales volume*, t 14,649 13,459 +9% 13,924 Financial results Milk 13,759 12,421 +11% 13,278 The 5% increase in the prices of Milk commodities 318 632 -50% 235 raw milk resulted in a gross profit. Cattle 572 406 +41% 411 Despite the increased quantity EUR million
Slide 14: Results by segment: mushroom growing
Results by segment: mushroom growing
Slide 15: Mushroom growing: price and production volume dynamics
Mushroom Price of mushrooms (excl. transport and packaging), EUR/t growing 2,600 2,440 2,510 2,538 2,432 2,393 2,319 2,374 2,300 2,164 2022 Price and production volume 1,998 2,123 dynamics 2,000 2023 2024 Price of mushrooms excluding 1,700 Q1 Q2 Q3 Q4 transport and packaging continues to remain high
Slide 16: Mushroom growing: financial results
Mushroom growing Financial results 2024 6M 2023 6M Variance 2022 6M Mushrooms sales volume, t 5,541 5,830 -5% 6,109 Financial result in H1 2024 is Average price (EUR/t) 2,767 2,569 +8% 2,297 similar to H1 2023. Even though costs slightly increased, it was EUR million 2024 6M 2023 6M Variance 2022 6M
Slide 17: Results by segment: FMCG
j misija be kainos gamtal gy misija isi iste be kainos Be eincs Be kainos gamtal pe gerntai pa | gamtai py misija be kainos gamtai gy |
Slide 18: FMCG
FMCG Growing segment EUR million 2024 6M 2023 6M* Variance Sales revenue 1.42 0.49 +190% The new line of dairy products was Cost of goods sold (1.30) (0.78) +67% launched in 2023Q2. Dairy Gross profit 0.12 (0.29) n/a products sales have continuously *Segment results comprise continuing operations (e
Slide 19: Outlook for 2024, Strategy and Tech Update
Outlook for 2024, Strategy and Tech Update
Slide 20: Technology update: enlisting partners for tech portfolio growth
Technology update: enlisting partners for tech portfolio growth In the second quarter of 2024, the Group unveiled its Mission no cost to nature portfolio and announced that AUGA Tech, UAB is enlisting external financial and industry partners to bring these technologies to market: AUGA M1 AUGA E1 Cat
Slide 21: Correction to the EBITDA guidance for 2024
Correction to the EBITDA guidance for 2024 mission no cost to nature 21
Slide 22: Share price information
Share price information AUGA group, AB share price on Nasdaq Vilnius, EUR The share price decreased by 0.7 36% (from EUR 0.300 to EUR 0.6 0.193 per share) from the 0.5 beginning of 2024 to 31st of 0.4 August 2024. 0.3 The average monthly turnover 0.2 was EUR 0.19 million. 0.1 0 2014/01 2015/01 2016/
Slide 23: More information
More information • Nasdaq Vilnius, Baltic Main List, AUGA group, AB shares: AUG1L • Nasdaq Vilnius, Baltic Bond List, AUGA group, AB green bonds: AUGB060024A • Information for investors: http://auga.lt/en/for-auga-investors • Analyst reports, data in MS Excel format: https://auga.lt/en/investors/rep
Slide 24: Important notice
IMPORTANT NOTICE This presentation has been prepared by AUGA group, AB (AUGA group) solely for informational purposes and must not be relied upon, disclosed or published, or used in part for any other purpose. The presentation should not be treated as investment advice or provide basis for valuation
Slide 25: Synonym for sustainable food and lifestyle
SYNONYM FOR SUSTAINABLE FOOD AND LIFESTYLE