Ab Akola Group · OMXVSE:AKO1L
Ab Akola — FY 2023/2024 Earnings Presentation
16 slides from Ab Akola's earnings presentation, Aug 22, 2024
Slide 1: Overview of activities & finance
AB Akola Group Overview of activities & finance For 12 months of FY 2023/2024 22nd of August, 2024
Slide 2: Disclaimer
Disclaimer This document might include directly or indirectly expressed forward-looking statements, reflecting assumptions or current view of the Company’s management. Group‘s future performance and results highly depend on the market conditions, regulations, climate changes and other various extern
Slide 3: The Speaker
The Speaker Mažvydas Šileika CFO & Contact for Investors m.sileika@akolagroup.lt With AB Akola Group since 2020 >10 years professional experience including Banking & Shipping industries Master’s degree in Shipping, Trade and Finance / City University London Bayes Business School Bachelor’s degree in
Slide 4: Agribusiness & food group
Agribusiness & food group 64 subsidiaries 4 associates Food Partners for farmers (20) Farming (17) Production Other (3) (14) 12 companies 4 companies 7 companies 11 companies 3 companies Service and agri- farming poultry; pet food, pest EE trading / machinery to (agricultural LT, LV control merchand
Slide 5: Financial highlights for 12 months
Financial highlights for 12 months Ordinary shares 167,170,481* 2023/2024 197 MCap mEUR EBIT,% P/E 2 1.8 2023.02.23 1.7 2000 1800 3.15% 2.07% 6.98 8.57 1.6 1.4 1600 1400 2024.08.15 1.1 FY 23/24 FY 22/23 FY 23/24 FY 22/23 1.2 1200 5Y avg 2.3% 5Y avg 2.1 1 1000 0.8 800 2024.04.08 0,9 ROCE,% EPS, € 0.6
Slide 6: Balance Sheet
Balance Sheet Total assets 30-Jun-2024 S/T debt portfolio mEUR Cash 16,0 Account payables Account receivables Intangible Inventories (excl. RMI) RMI** assets Current assets 9,3 S/T debt* WCR 599,4 800 600 PP&E 400 329 EUR 894m 204.9 Equity participation 314 200 229 206 0 38 18 Other non- -199 -185 -
Slide 7: Group Segment revision
Group Segment revision The idea behind the change: simplifying the structure and resource allocation within segments / adapting it better for Group's strategic vision implementation assessment / emphasizing the circular nature of the activities Key principles mapping • Segments “Grain, Oilseeds, and
Slide 8: Less is more?
Less is more? Segment dynamics Partners for farmers (PFF) Farming 2 000 1 896 Revenue in mEUR (bars) Food production (Food) Other products and services 18% 418 344 21% 1 506 Total 26% share of total 84% 399 Food revenue 83% 942 8% 72 75% 1,601 1,662 share of total PFF 91% 1,137 revenue 860 FY 2020/2
Slide 9: Historically highest 12 months GP,%
Historically highest 12 months GP,% Gross profit / Segments 189 Partners for farmers (PFF) Farming 26 Gross profit in mEUR (bars) 14% 152 Food production (Food) 15 Other products and services 138 77% 39% 31 23% 59 share of total Food 12 7 145 67% 7% 51 54% 92 share of 4 totsl PFF 9 83 76% 39 FY 2020
Slide 10: Let's call it 'Normalisation'
Let‘s call it ‘Normalisation‘ Operating profit / Segments Operating profit in mEUR (bars) Partners for farmers (PFF) Farming 104 Food production (Food) 16 Other products and services 92% Axis Title 41 47 45% share of 72% 95 7 18% total Food 20 13 21 5 44% 11 80% share of 33 14 -2 21 totsl PFF FY 202
Slide 11: Partners for farmers
SINCE 1991 Partners for farmers (1) Key facts: Main export commodity is Key export Lithuanian and Latvian wheat Markets: 607 thousand tons total capacity of grain storage Our major locations: Activity explained: 296 thousand tons storage Capacity at ports ■ Grain storage and preparation ■ Compound f
Slide 12: Volume, kt & value, mEUR
Partners for farmers (2) 92 4000 3992 1700 22/23 23/24 3984 3976 3968 3960 3952 3944 3936 3928 3920 3912 3904 3896 3888 1,662 GP%: 3880 3872 3864 3856 3848 3840 3832 3824 3816 3808 3800 3792 3784 1600 FY FY 3776 3768 3760 3752 3744 3736 3728 3720 3712 3704 3696 3688 3680 1500 83 3672 3664 3656 3648
Slide 13: Food production
SINCE 2013 Food Key facts: Volume, kt & Quantities, k tones (excl. IF) value, mEUR 45 0.00 418 399 production 200 40 0.00 165 172 350.00 21 Top poultry producer in LV 150 21 300.00 and LT 52 250.00 48 100 200.00 Activity explained: 150.00 Major flour producer in 50 96 100 100.00 Lithuania ■ Manufact
Slide 14: Agricultural production
SINCE 2003 Agricultural 250 100 Total sales, mEUR 50 Volume, kt & value, mEUR 44 50 200 production 164 0 Key facts 143 Quantities, k tones 150 -50 100 125 -100 19,072 ha – arable land, 105 out of which -150 ■ Cereals growing ■ Milk production 50 6,176 ha owned -200 ■ Rapeseed growing ■ Beef cattle r
Slide 15: Receive news and other financial information
receive news and other financial information https://www.akolagroup.lt/en/to-investors/subscription-center/ Select from the options below to receive news and other financial information by email. ✓ Stock exchange releases ✓ Notification on material event ✓ Reports ✓ General meeting of shareholders ✓
Slide 16: Thank you
Thank you m.sileika@akolagroup.lt Subačiaus g. 5, Vilnius LT-01302 Lithuania