Verde Agritech Ltd · TSX:NPK
Verde Agritech — Q3 2024 Earnings Presentation
16 slides from Verde Agritech's earnings presentation, November 2024
Slide 1: Q3 2024 Update
November/2024 Q3 2024 Update
Slide 2: We are not good enough for you to invest if you:
If you are risk averse don’t buy our stock. Don’t rely on anything on this We are not good enough for you to invest if you: TSX: NPK presentation. This presentation contains certain forward-looking information, which includes but is not limited to, statements with respect Are risk averse. to Verde A
Slide 3: Buy Super Greensand at Amazon
TSX: NPK Buy Super Greensand® at Amazon: Estados unidos - ícones de bandeiras grátis 5% OFF Coupon (USA): 5OFFQ42024 The discount codes are valid through November 21, 2024. The codes are limited to a single unit per order and to a single order. 3
Slide 4: Market overview
market overview _ AGRITECH
Slide 5: KCl prices
KCl prices_ TSX: NPK The price of potassium chloride (KCl) decreased by approximately 8% during the quarter and by 13% compared to the same period last year, intensifying competitive pressure from lower-priced imports. KCl Average Price (US$) 1400 1200 1000 800 600 400 200 0 This downward pricing tr
Slide 6: Brazilian economic scenario and currency exchange
brazilian economic scenario and currency exchange_ TSX: NPK In 2024, Brazil continues to face elevated interest rates, impacting the financing Canadian dollar valuated by 3.5% versus Brazilian Real in Q3 2024 compared to the same period conditions for both companies and farmers. The current SELIC in
Slide 7: Crisis in the agricultural market
Crisis in the agricultural market_ ▪ Bankruptcy protection filings have reached their highest level in nearly 20 years. ▪ Despite the current snapshot in time, long-term growth and strength within agribusiness is undeniable, especially in Brazil. 10 largest judicial reorganizations in Brazilian agri
Slide 8: Q3 2024 results
Q3 2024 results_ UZ AGRITECH
Slide 9: Q3 2024 highlights
Q3 2024 highlights_ TSX: NPK Cash Cash and other receivables held by the Group in Q3 2024 were $14.7M, compared to $25.4M in Q3 2023. As of September 30, 2024, the Group's total loan balance was $42.2M. Profitability Sales in Q3 2024 were 101K tonnes, compared to 108K tonnes in Q3 2023. Revenue in Q
Slide 10: Q3 2024 financial statements
Q3 2024 financial statements_ TSX: NPK All amounts in CAD $’000 Q3 2024 Q3 2023 %Δ 2024 YTD 2023 YTD %Δ Revenue 7,161 9,375 (24%) 18,709 30,805 (39%) Production costs (1,830) (3,056) (40%) (5,316) (7,680) (31%) Gross Profit 5,331 6,319 (16%) 13,393 23,125 (42%) Gross Margin 74% 67% N/A 72% 75% N/A S
Slide 11: Operational summary
operational summary_ TSX: NPK All amounts in CAD $’000 Q3 2024 Q3 2023 %Δ 2024 YTD 2023 YTD %Δ Tons sold ‘000 101 108 (6%) 271 323 (16%) Average Revenue per ton sold $ 71 87 (18%) 69 95 (27%) Average Production cost per ton sold $ (18) (28) (36%) (20) (24) (17%) Average Gross Profit per ton sold $ 5
Slide 12: Sales, general and administrative expenses
sales, general and administrative expenses_ TSX: NPK All amounts in CAD $’000, except Q2 2024 Q2 2023 %Δ 2024 YTD 2023 YTD %Δ percentages Sales expenses Sales and marketing expenses (825) (890) (7%) (2,558) (2,990) (14%) Fees paid to sales agents (70) 195 (136%) (286) (36) 694% Total Sales expenses
Slide 13: Cash flow and debt overview
cash flow and debit overview_ TSX: NPK • Cash held by the Group in Q3 2024 was $3.4M compared to $9.2M in Q3 2023 a decrease of 37%, and trade and other receivables was $11.3M in Q3 2024, compared to $16.1M in Q3 2023. • As of 30 September 2024, the Group's total loan balance was $42.2M compared to
Slide 14: Subsequent events
subsequent events_ Loan Renegotiation On October 02, 2024, Verde announced that it had successfully renegotiated with banks holding 73% of its outstanding loans. Following this action, the Company expected the remaining five creditor banks to accept the same terms or face a 75% debt reduction throug
Slide 15: AGRITECH
AGRITECH
Slide 16: AGRITECH
AGRITECH