American Vanguard Corporation · NYSE:AVD

American Vanguard — FY2024 Earnings Presentation

9 slides from American Vanguard's earnings presentation, March 2025

  1. Slide 1: FY 2024 Earnings

    AMERICAN VANGUARD ¢ FY 2024 Earnings March 2025

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement During this presentation, the Company may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that may c

  3. Slide 3: Priority #1: Safety

    Priority #1: Safety Slee American Vanguard Injury Rate vs Industry OSHA Recordable Injuries Pesticide Industry 3.00 2.20 American Vanguard 2017 2018 2019 2020 2021 2022 2023 2024

  4. Slide 4: Executive Summary - Key Messages

    Executive Summary - Key Messages  The Company is initiating full-year 2025 guidance • 2025 Adjusted EBITDA Target: $45 – $52M • Revenue: $565 – 585M  Strengthening balance sheet • Paid down $22 million of debt in the quarter • Decreased inventory by approximately $47M (as compared to 3Q24) – Befor

  5. Slide 5: FY 2024 Financial Results - unaudited

    FY 2024 Financial Results - unaudited  Year-over-year adjusted revenue and adjusted EBITDA declines were driven by customers restocking inventories of Aztec in 2023, which did not repeat in 2024, and the removal of Dacthal from the product portfolio.  The 2024 adjusted-EBITDA margin is approximate

  6. Slide 6: Business Transformation

    Business Transformation  Transformation progress continued in the fourth quarter  Under new CEO Dak Kaye, the Company will SIMPLIFY, PRIORITIZE, and DELIVER • Complexity will be reduced to focus on high-priority tasks 2025 goals are straightforward: 1) Operate manufacturing facilities as safely an

  7. Slide 7: Debt Reduction

    Debt Reduction  Reduced debt by approximately $22M in Q4’24  2025 free cash flow will be allocated to further debt reduction $179M $156M Q3 2024 Q4 2024 7

  8. Slide 8: Inventory Reduction

    Inventory Reduction  Decreased inventory by approximately $47M in Q4’24  Average inventory turnover was 1.67 at the end of 2024 • Continued improvement is expected in 2025 $246M approx. $199M* Q3 2024 Q4 2024 * Before inventory write down 8

  9. Slide 9: FY 2025 Targets

    FY 2025 Targets Metric Target Adjusted EBITDA $45 – 52 Million Revenue $565 – 585 Million 9

American Vanguard — FY2024 Earnings Presentation on 6ix