Hagar Hf. · OMXICE:HAGA
Hagar Hf — Q2 2022/23 Earnings Presentation
31 slides from Hagar Hf's earnings presentation, Oct 20, 2022
Slide 1: Presentation of Q2 2022/23 results
Presentation of Q2 2022/23 results Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO October 20th 2022 *This presentation is translated from the Icelandic version which was published on October 20th, 2022. Should there be discrepancies between the two versions, the Icelandic version will take priori
Slide 2: Contents
Contents Highlights from operations Financial statements Status and prospects 2
Slide 3: Quarter in a nutshell: Key figures
Quarter in a nutshell: Key figures Q2 2022/23 (changes from Q2 2021/22) 43,4 b.ISK 4,4 b.ISK 2,4b.ISK sales EBITDA profit 24,4% 33,9% 39,1% 19,3% 11,6% 38,2% gross margin salaries- and cost ratio equity ratio 1,9%pt. 1,3%pt. 2,5%pt. 3
Slide 4: What stands out in the quarter
What stands out in the quarter Hagar’s operations excellent and revenues exceeding forecasts - robust sales increase in the quarter and increased total profit, a.o. due to Olís’ improved revenue and effects from one-time items Increased activity in grocery stores, where the number of customers a
Slide 5: Stores and warehouses: Growing turnover and increased customers
Stores and warehouses: Growing turnover and increased customers Income Statement Q2 2022/23 (m.ISK.) Revenues from groceries, specialty products and Q2 '22/23 Q2 '21/22 Δ %Δ warehouses increased by just 10% year-on-year and amounted to 27 b. ISK - EBITDA was just less than 2.6 Income 26.989 24.622
Slide 6: Bónus: Customers seek efficiency in food purchases
Bónus: Customers seek efficiency in food purchases Sales in Q2 amounted to just under 18.6 b.ISK and increased by 16% from previous year Number of customers and sold units increase year-on-year - more and more are reaching for the most economical option in the grocery market Customers shift pu
Slide 7: Hagkaup: Increased availability in online store and feast for gourmets
Hagkaup: Increased availability in online store and feast for gourmets Sales in Q2 amounted just over 5.3 b.ISK that is comparable to the last year Enjoyable to see that activity remains unchanged between years despite the fact that nationals travel "like never before." - sold units decrease ver
Slide 8: Olís: Increased revenue and optimisation results in stronger operations
Olís: Increased revenue and optimisation results in stronger operations Income Statement Q2 2022/23 (m.ISK.) Revenue in Q2 amounted to 18.1 b.ISK and grew by 55% Q2 '22/23 Q2 '21/22 Δ %Δ year-on-year - EBITDA amounted to 1,793 m.ISK. (9.9%) Income 18.134 11.739 6.395 +54,5% and increase by just ov
Slide 9: Eldum rétt: Hagar's purchase of all shares in Eldum rétt approved
Eldum rétt: Hagar‘s purchase of all shares in Eldum rétt approved The Competition Authority has approved the Hagar‘s purchase of all shares of Eldum rétt A powerful and grand addition for Hagar‘s customers - Eldum rétt is specialised in preparing food packages that the customers can order online
Slide 10: Klasi: Hagar's purchase of 33% shares in Klasi Ltd. implemented
Klasi: Hagar‘s purchase of 33% shares in Klasi Ltd. implemented On June 10th a settlement was signed between Hagar and the Competition Authority with conditions for Hagar’s purchase of 33% of shares in Klasi Ltd. The transactions were implemented at the end of August, but financial results on EB
Slide 11: Examples of projects: Mjódd - size: 23.234 sq. m.
Examples of projects: Mjódd - size: 23.234 sq. m. 11
Slide 12: Examples of projects: Borgarhöfði (1/2)
Examples of projects : Borgarhöfði - size: 32.564 sq. m. (1/2) 12
Slide 13: Examples of projects: Borgarhöfði (2/2)
Examples of projects : Borgarhöfði - size: 32.564 sq. m. (2/2) 13
Slide 14: Examples of projects: Silfursmári - size: 7.695 sq. m.
Examples of projects : Silfursmári - size: 7.695 sq. m. 14
Slide 15: Examples of projects: Álfheimar - size: 5.539 sq. m.
Examples of projects : Álfheimar - size: 5.539 sq. m. 15
Slide 16: Examples of projects: Egilsgata - size: 2.094 sq. m.
Examples of projects : Egilsgata - size: 2.094 sq. m. 16
Slide 17: Examples of projects: Klettagarðar - size: 14.057 sq. m.
Examples of projects : Klettagarðar – size: 14.057 sq. m. 17
Slide 18: Contents
Contents Highlights from operations Financial statements Status and prospects 18
Slide 19: Extensive sales increase in Q2 and margin increased by 13.5%
Extensive sales increase in Q2 and margin increased by 13.5% Income Statement Q2 2022/23 (m.ISK.) Sales in Q2 increased by 24.4% year-on- Q2 '22/23 Q2 '21/22 Δ %Δ year is about 8.5 m.ISK Sales 43.399 34.885 8.514 +24,4% Margin in ISK increased by 13.5% but the margin ratio decreased by 1.9%-poin
Slide 20: Excellent first half year behind with extensive sales growth
Excellent first half year behind with extensive sales growth Income Statement 6M 2022/23 (m.ISK.) Sales 6M increased by 22.0% year-on-year 6M '22/23 6M '21/22 Δ %Δ or about 14.7 b.ISK Sales 81.612 66.919 14.693 +22,0% Number of sold units in groceries increased by 3.9% in the first 6M and custom
Slide 21: Cost and profitability ratios improved in recent years
Cost and profitability ratios improved in recent years Operational key factors (6M 2018/19 – 6M 2022/23) Sales (b.ISK) Gross margin (%) Extensive sales increase year-on- year - Olís became a part of Hagar‘s Sales and 81,6 24,3 gross 66,9 22,0 22,1 21,3 19,5 group in 2019/20 59,5 59,2 margin 37,7
Slide 22: Cash increased during the period
Cash increased during the period Consolidated Cash Flow 6M 2022/23 (m.ISK.) Cash from operations in the period 6M 2022/23 6M 2021/22 Change amounted to just under 4.8 b.ISK and 3.304 2,436 868 increased compared to previous year by Profit for the period 198 m.ISK Adjustments 2.774 2,986 -212 Ext
Slide 23: The Groups equity amounts to 70 b.ISK at the end of the period
The Groups equity amounts to 70 b.ISK at the end of the period Consolidated Balance Sheet August 31st 2022 (m.ISK.) Non-current assets grew by 3.4 b.ISK from year end 2021/22 - ownership in Klasi 31. 8. 28. 2. 31. 8. 28. 2. booked at the end of August 2022 2022 %Δ 2022 2022 %Δ Property, plant and
Slide 24: Equity ratio moving toward objectives
Equity ratio moving toward objectives Economic key factors (6M 2018/19 – 6M 2022/23) Return on equity 18.6% last 12 months compared to 14.7% for the previous year Return on equity (%) Equity ratio (%) The equity ratio at the end of 6M Share- 18,6 60,0 amounted to 38.2% compared to 40.7% at holde
Slide 25: Contents
Contents Highlights from operations Financial statements Status and prospects 25
Slide 26: Market price and largest shareholders
Market price and largest shareholders Market Price Closing price on August 31st 2022: 67.5 ISK/share 90 80 70 60 50 40 1.4.2020 1.7.2020 1.10.2020 1.1.2021 1.4.2021 1.7.2021 1.10.2021 1.1.2022 1.4.2022 1.7.2022 Date Largest shareholders, ownership at end of 31.8.2021 1. Gildi - Pension Fund 19,3% 6.
Slide 27: Earning per share has grown in the last quarters
Earning per share has grown in the last quarters Accumulated earnings per share last 12 months (ISK per share) Earnings per share have increased in 78% (113% incl. Klasi) the last quarters, and accumulated profit 4.28 is now 3.57 ISK per share. for the last 0.71* 12 months, but 4.28 ISK per share
Slide 28: Status and prospects
Status and prospects Operation has returned to a more normal state compared to the last two years, as the effects of COVID have faded - and increase in tourists and nationals travelling The turmoil in raw material and energy markets has led to price rise for consumer goods from manufacturers - g
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Slide 30: 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 31: .hagar
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