Hagar Hf. · OMXICE:HAGA
Hagar Hf — Q1 2024/25 Earnings Presentation
23 slides from Hagar Hf's earnings presentation, Jun 28, 2024
Slide 1: Presentation of results Q1 2024/25
Presentation of results Q1 2024/25 Operations progressed well in the quarter and profits strengthen between the years Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO June 28th 2024 *This presentation is translated from the Icelandic version which was published on June 28th, 2024. Should there be d
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 Q1 2024/25 (changes from Q1 2023/24) 44.1 b.ISK 3.2 b.ISK 0.9 b.ISK sales EBITDA profit 6.2% 27.5% 30.2% 21.6% 14.7% 35.6% margin ratio salaries- and cost ratio equity ratio 2.2%points 0.8%points 1.8%points 3
Slide 4: External factors: Inflation down but exchange rate and fuel prices relatively stable
External factors: Inflation down but exchange rate and fuel prices relatively stable Consumer Price Index, annual change, % 12,5 Inflation lower in the 9.9 9.7 9.3 9.4 9.3 9.6 9.9 10.2 9.8 9.9 9.5 8.9 period and hit 6.2% - 10,0 8.8 7.6 7.7 8.0 7.9 8.0 7.7 7,5 6.7 6.6 6.8 6.0 6.2 was also considera
Slide 5: Operations: What stands out in the quarter
Operations: What stands out in the quarter Operations in Q1 proceeded well with continuing increased sales at most subsidiaries of the Group Continuing increased activity in grocery, sold units and customers visitations - slight increase in sold fuel litres Profits improve considerably, i.e. d
Slide 6: Store and warehouses: Continuing increased activity and better profits
Store and warehouses: Continuing increased activity and better profits Income Statement Q1 2024/25 (m.ISK) Q1 '24/25 Q1 '23/24 Δ %Δ Income from groceries, specialty products and warehouses increased by just over 7% between the years Income 31.430 29.263 2.167 +7,4% and amounted to little under 31.
Slide 7: Bónus: Growing number of customers and excellent sales growth
Bónus: Growing number of customers and excellent sales growth Sales in Q1 amounted to 22.4 b.ISK and grew by just over 10% from previous year - revenue relatively stronger between the years Continuing increased activity - much higher number of customers between the years and as number of sold un
Slide 8: Hagkaup: Profits stronger and new products well received
Hagkaup: Profits stronger and new products well received Sales in Q1 amounted to 5.9 b.ISK and increased a little from the previous year - considerable strengthening between the years Strong attendance in a historical context, but the number of units sold is slightly lower from the previous year
Slide 9: Olís: Profits well above last years - new stations prepared
Olís: Profits well above last years - new stations prepared Income Statement Q1 2024/25 (m.ISK) Income in Q1 amounted to over 13 b.ISK and grew Q1 '24/25 Q1 '23/24 Δ %Δ by just under 350 m.ISK or by 3% between the years - Income 13.068 12.719 349 +2,7% overall a strong quarter Expenses -12.301 -12
Slide 10: Overview
Overview Financial statements Financial statements Status and prospects 10
Slide 11: Operations excellent in the first quarter and in line with plans
Operations excellent in the first quarter and in line with plans Income Statement Q1 2024/25 (m.ISK) Sales in Q1 amounted to 44.1 b.ISK and grew by 2.6 b.ISK or 6.2% year on year Q1 '24/25 Q1 '23/24 Δ %Δ Gross margin in ISK amounted to 9.5 Sales 44.067 41.490 2.577 +6,2% b.ISK and grew by 18.1%
Slide 12: Gross margin ratio increases after historical low point in previous year
Gross margin ratio increases after historical low point in previous year Operational key factors (3M 2020/21 – 3M 2024/25) Sales (b.ISK) Gross margin (%) Excellent sales increase between the years - driven forward by Sales and 44.1 21.4 21.6 38.2 41.5 20.6 19.8 19.5 gross 32.0 increased operationa
Slide 13: Cash increases by 2.7 b.ISK in the quarter
Cash increases by 2.7 b.ISK in the quarter Consolidated Cash Flow 3M 2024/25 (m.ISK) 3M 2024/25 3M 2023/24 Change Cash from operating activities Profit of the period 850 653 197 amounted to 3.9 b.ISK in the period compared to 3.3 b.ISK for the Adjustments 2,361 1,800 561 previous year Working capi
Slide 14: Strong economy at the end of the quarter
Strong economy at the end of the quarter Consolidated Balance Sheet May 31st 2024 (m.ISK) Non-current assets amounted to 56.8 31. 5. 28. 2. 31. 5. 28. 2. b.ISK and increased by 752 m.ISK from the 2024 2024 %Δ 2024 2024 %Δ years end - the increase may be traced to Property, plant and equipment 22.7
Slide 15: Return on equity increases in the comparison period
Return on equity increases in the comparison period Economic key factors (3M 2020/21 – 3M 2024/25) Return on equity 18.9% the last 12 Return on equity (%) Equity ratio (%) months Share- 17.2 18.9 37.6 41.2 40.2 37.4 Equity ratio at the end of Q1 amounted holders 13.9 16.2 35.6 return 9.4 to 35.6
Slide 16: Overview
Overview Highlights from operations Financial statements Status and prospects 16
Slide 17: Market price and largest shareholders
Market price and largest shareholders Market price Market price 31.05.2024: 77,5 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 31.05.2024 1. Gildi - Pension fund 18.5% 6. Birta Pension
Slide 18: 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 - accumulated earnings now 4.78 ISK per share for the last 12 +138% months, which is a 138% increase 4,78 4,59 from Q3 2020/21 4.28 4.37 4.4 4.17 4,16 3,95 0.71*0.71
Slide 19: Status and prospects
Status and prospects The Hagar’s status and the operational outlook is positive as before: - The operating environment has improved in recent months - labour agreements, wage development and inflation - Operation of the major sections progressing well - The most economical food choice offered by B
Slide 20: Questions?
Questions? 20
Slide 21: 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 22: 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 23: .hagar
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