Ag Growth International Inc. · TSX:AFN
Ag Growth International — Investor Presentation (August 2020)
15 slides from Ag Growth International's investor presentation, August 2020
Slide 1: Growth, By Design. Investor Presentation August 2020
GROWTH, BY DESIGN. I N V E S T O R P R E S E N TAT I O N AUGUST 2020
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT Certain statements contained herein constitute forward-looking statements that reflect our expectations regarding the future growth, results of operations, performance, business prospects, and opportunities of the Company. Forward- looking statements may contain such words as
Slide 3: We Supply the World's Food Infrastructure
WE SUPPLY THE WORLD’S FOOD INFRASTRUCTURE 3
Slide 4: AGI Overview
AGI OVERVIEW THE AGI LEADING BRANDS TECHNOLOGY OUR GROWTH GLOBAL ADVANTAGE & OPERATIONS STRATEGY FOOTPRINT ▪ System Solutions ▪ Market leading ▪ Independent AGI ▪ 5-6-7 Strategy ▪ North America ▪ Platform perspective brands SureTrack platform ▪ Diversification via ▪ Brazil and LATAM ▪ Farm + Commerc
Slide 5: Strategy: 5-6-7 Strategy Components
5 PLATFORMS 6 CONTINENTS 5-6-7 STRATEGY 7 COMPONENTS 5
Slide 6: Strategic Growth
STRATEGIC GROWTH 2020 2019 2018 2017 2016 2015 2014 2011 2010 2007 2006 2005 2004 2000 1998 1997 1996 COomPASS IMPROTECH | INTELLIFARMS | MILLTEC | FARMOBILE* CMC | JUNGE CONTROL | DANMARE | SABE MFS | YORK | STORMOR | BROWNIE | HUTCHINSON | MAYRATH | NECO | SENTINEL AGI BRASIL | NUVISION | MMS | YA
Slide 7: Global Presence
GLOBAL PRESENCE ig AGI=
Slide 8: Preparation with Progress
PREPARATION WITH PROGRESS 1 2020 “Prepare for the worst. Focus on strategic projects” ESSENTIAL SERVICES “Policies and procedures 2 COVID-19 focused on the safety of our team. Deliver the actions to create confidence.” LIQUIDITY & BANKING 3 “Capex, expenses, credit management 8 & dividend reduction”
Slide 9: Fundamentals
FUNDAMENTALS FARM COMMERCIAL COMMERCIAL TECHNOLOGY NORTH AMERICA INTERNATIONAL • Robust • Backlogs remain • Global trade disputes • AGI SureTrack sales up demand for Farm stable YOY and COVID impacting 80%+ YOY1, version 2.0 products throughout project timing and to drive continued growth 2020 • COV
Slide 10: Resilience. Our Results: YTD
Resilience. our results: YTD TRADE SALES ADJUSTED EBITDA ($MM) $999.9 ($MM) $934.1 $148.2 $144.3 $750.3 $121.8 $546.6 $100.3 $490.3 $69.7 2016 2017 2018 2019 YTD 2016 2017 2018 2019 YTD 10
Slide 11: Resilience. Our Results: YTD
Resilience. our results: YTD TRADE SALES ($MM) $999.9 $934.1 $750.3 34.7% $546.6 $490.3 31.6% 31.2% 31.1% 31.8% Gross Margin % 2016 2017 2018 2019 YTD 18.4% 16.2% 15.9% 14.4% 14.2% ADJUSTED EBITDA ($MM) Adj. EBITDA Margin % $148.2 $144.3 $121.8 $100.3 $69.7 2016 2017 2018 2019 YTD 11 2016 2017 2018
Slide 12: Resilience. Our Results: Q2 2020
Resilience. our results: Q2 2020 TRADE SALES ADJUSTED EBITDA ($MM) 293.0 ($MM) 262.3 261.4 222.2 51.4 49.2 44.1 40.1 143.5 26.0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 12
Slide 13: Resilience. Our Results: Q2 2020
Resilience. our results: Q2 2020 TRADE SALES ($MM) 293.0 262.6 261.4 222.2 34% 32% 32% 32% 32% 151.1 Gross Margin % 2016 2017 2018 2019 2020 18% 18% 19% 18% 17% ADJUSTED EBITDA ($MM) 49.2 51.3 44.1 Adj. EBITDA Margin % 40.5 26.1 2016 2017 2018 2019 2020 13 2016 2017 2018 2019 2020
Slide 14: Strategic Projects 2020
STRATEGIC PROJECTS 2020 MARKETING & ENGINEERING AGGROWTH.COM MANAGE TOOLS EXPANSION LEAN DEALER PORTAL C1 14
Slide 15: Free Cash Flow and Leverage Overview
FREE CASH FLOW AND LEVERAGE OVERIEW TTM to June 30, 2020 000s CAD TOTAL Adjusted EBITDA 132,032 x Interest expense (cash) -40,122 SENIOR Income taxes (cash) Maintenance CAPEX -8,676 -12,637 x Free cash flow before growth CAPEX and M&A 70,597 Dividends -11,209 Discretionary cash flow 59,388 Free Cash
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