Auga Group Ab · OMXVSE:AUG1L
Auga Group Ab — FY2021 Earnings Presentation
24 slides from Auga Group Ab's earnings presentation, February 2022
Slide 1: Presentation on the Financial Results for 12 Months of 2021
aU ga Yeroup PRESENTATION ON THE FINANCIAL RESULTS FOR 12 MONTHS OF 2021 AUGA group, AB
Slide 2: Presented by Mindaugas Ambrasas, CFO
PRESENTED BY YY Y 12M2021 Mindaugas Ambrasas CFO
Slide 3: Results
RESULTS Poor harvest due to extreme heat in summer, COVID-19, problems in production resulted in difficult year and led to poor financial results in 2021 Additional provisions in Q4: * Receivables from Symbol LLC - 1.2 MEUR * Cash crops - 0.3 MEUR YY Y 12M2021 2021 12M Revenue 71.78 Gross profit 3.9
Slide 4: Results by segment
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Slide 5: Crop growing
CROP GROWING Effected by significantly lower yields (for summer crops and legumes mainly) and limited upside from growing prices of commodities. Change in gain (loss) on revaluation of biological assets corresponds to change of gross profit. Positive result (0.13 MEUR) from sales activities in Q4 In
Slide 6: Crop growing market trends
CROP GROWING Market trends: during 2021 prices of aU Prices for conventional and organic grains are at record highs and demand is outpacing supply. Since the beginning of 2022, 100% organic feeding for livestock has been introduced, which boosts demand further. Rising logistics prices have made coun
Slide 7: Crop growing: contracting of a new harvest
CROP GROWING Contracting of a new harvest All crop prices are in historical heights and this season's contracts could begin with 20- 30% higher pricing level. The biggest price growth is in feed grains, especially legumes. As for 28.02.2022, AUGA group contracted 28% of forecasted 2022 harvest. If t
Slide 8: Results
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Slide 9: Dairy 2021 12M results
DAIRY 2021 12M results aU Increasing efficiency remains the primary focus. ga consists of 3,577 cows and 3,134 heifers and bulls, compared to 3,471 Total quantity of products sold, t 27,053 26,799 +1% 25,891 cows and 2,990 heifers and bulls in Milk 25,685 25,384 +1% 24,492 2020. Milk commodities 624
Slide 10: Dairy: milk yield and price dynamics
DAIRY The Group faced issues in the production in H1 2021. However, results in the second half had improved. Milk yield in the Q42021 grew by 2% YoY. Share of organic milk sold remains stable - 98% for 2021. Average milk price had increased by 5% in 2021. The trend continues in January 2022 (YoY cha
Slide 11: Results by segment: Mushroom growing
Slide 12: Mushroom growing 2021 12M results
MUSHROOM 2021 12M results q2 GROWING Results affected by COVID-19 and issues in production. Decrease in production output is SS Por vero 2019 12M the main reason for lower Scld mucireemns, & 12,002 12,906 7% 12,256 results. Average price (Eur/t) 2,323 2199 +6% 21147 Sales of compost remain lower tha
Slide 13: Mushroom growing: challenges in production
MUSHROOM 2021 12M results q2 GROWING Challenges in production. Production output in H2 was 12% smaller than H1 due to several 4300 reasons: * High weather temperature had negative impact on the compost production processes; 1000 + COVID-19. 90 Majority of cost are fixed, therefore 80 | | | | decreas
Slide 14: Organic soups
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Slide 15: FMCG 2021 12M results
FMCG Total sales have increased by 27% in 2021. Logistics create some challenges, but based on current pipeline and reopened business fairs the Group foresees not lower growth in 2022 as well. YY Y 12M2021 2021 12M results aU =] The segment continues to grow in 2021. g EUR million 202112M | 202012M
Slide 16: Update on geopolitical risks
RESULTS Update on geopolitical risks The Group had very limited sales to Russia, Belorussia (<0.5% of total sales in 2021). Historically, sales of mushroom compost to Russia accounted for 1-2 MEUR per year, but the business was stopped in Q42020. YY Y 12M2021 16
Slide 17: Financial information
Slide 18: Main factors for EBITDA change
FINANCIAL INFORMATION Th EUR 25.000 20000 15000 10000 5000 6,366 -3,059 EBITDA 2020 YY Y 12M2021 IFRS 16 effect Cent. OPEX Crop growing +194 Dairy 1201 Mushrooms Main factors for EBITDA change Crop growing results have the largest impact to the EBITDA decrease. 336 9065 146 033 IFRS % effect —| 7,56
Slide 19: Key priorities for 2022
FINANCIAL INFORMATION Key focus is to find resources and continue R&D projects and their commercialization. YY Y 12M2021 Key priorities for 2022 ga The Group had received waivers from current financing partners for breach of financial covenants for 2021.12.31 The Group had reached agreements and is
Slide 20: 3 projects to be implemented in 2022
FINANCIAL INFORMATION Biomethane infrastructure The group is planning to operate 3 facilities by Q42022. Specialized feed technology First prototype is already built and is in testing currently. Two main targets: a) improved yields, b) reduction of CO2 emissions The Group is planning to start scalin
Slide 21: View on future developments
FINANCIAL View on future developments. INFORMATION Key milestones * To have operational proof on concept by the end of 2022 * To change legal structure of the Group in order to separate technological developments from standard operations of the Group. Till the end of 2022 * New equity funding for sc
Slide 22: Share price information
FINANCIAL Share price information q2 INFORMATION AUGA group, AB share price on Nasdaq Vilnius, EUR 0,7 The share price increased by 6.88% (from EUR 0.442 to EUR 0.472 per share) from the beginning of 2021 to 25 February 2022. The average monthly turnover was EUR 0.82 million. Top 3 corporate bond tu
Slide 23: More information
gU G3 YY Y 12M2021 More information: q2 * Nasdaq Vilnius, Baltic Main List: AUGIL * Nasdaq Vilnius, green bonds: AUGBO60024A * Information for investors: http://auga.lt/en/for-auga-investors e Analyst reports, data in MS Excel format: https://auga.|t/en/investors/reports-and-presentations * News for
Slide 24: Organic food with no cost to nature
aU ga Yoroup ORGANIC FOOD WITH NO COST TO NATURE