Slide 1: Preliminary Results FY2021
Preliminary Results FY2021 29 September 2021 Prescriptive Solutions, Sustainable Production
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of the preparation of this presentation. Due to the inherent uncertainties, including both econom
Slide 3: Stronger performance across all three segments
Stronger performance across all three segments Solid Earnings Recovery Operational Priorities Progressing Strategic Evolution Growth across all key financial metrics: > Substantial recovery in Ireland/UK M&A > Continued underlying growth in CE • Green-tech acquisition and LATAM €61.0m > Margin impro
Slide 4: Ireland & the United Kingdom
TRADING REVIEW Operating Profit (€’m) Ireland & the UK Ireland United Kingdom 54.8 60.0 23.3 39.1 > Recovery in underlying volume growth +5.3% 2018 2019 2020 2021 > Full-year input sales potential impacted by persistent cold conditions in Spring Operational Review: Ireland and the United Kingdom > Q
Slide 5: Continental Europe
TRADING REVIEW Operating Profit (€’m) Continental Poland Ukraine Europe 16.2 13.9 13.2 15.7 > Underlying volume growth +1% > Operating margin 3.8% 2018 2019 2020 2021 Romania (FY2020 3.2%) > Working capital initiatives delivering: Operational Review: Continental Europe1 • Cash conversion cycle optim
Slide 6: Latin America
TRADING REVIEW Operating Profit (€’m) Latin America Brazil 2.0 FX 8.1 7.1 6.3 Minas Gerais State > Strong underlying volume growth +45.7% 2019 2020 2021 Paraná State • Increased cropping area • Double digit percentage growth in core product Operational Review: Latin America range Change on prior yea
Slide 7: Financial Review
Financial Review originenterprises.com 7
Slide 8: FY2021 Performance
FY2021 Performance Revenue Operating Profit Adjusted EPS Dividend per share €1.7bn €61.0m 35.5c 11.0c 4.4% (rc1) 38.3% (rc1) 38.2% (rc1) 2020: 3.15c 7.2% (cc1) 44.2% (cc1) 44.6% (cc1) Free Cash Flow Working Capital outflow ROCE Net Bank Debt €49.2m €4.0m 9.3% €14.4m 2020: €64.3m 2020: (€30.3m inflow
Slide 9: Group Revenue Analysis
• Group Revenue1 Analysis +6.2% 1 Growth in Group Revenue from FY2020 to FY2021 (2.8%) Currency +8.4% Underlying +0.6% Acquisitions +4.9% Volume +3.5% Price 1 Excludes crop marketing revenues and volumes originenterprises.com 9
Slide 10: FY2021 Financial Highlights
FY2021 Financial Highlights Year ended 31 July 2021 2020 Change Constant Currency €’m €’m % % Group revenue 1,658.4 1,589.1 4.4% 7.2% Group operating profit1 Agri-Services 61.0 44.1 38.3% 44.2% Associates and joint venture2 2.8 6.2 (53.8%) (53.6%) Total group operating profit 63.8 50.3 27.1% 32.2% F
Slide 11: Group Revenue Bridge
Group Revenue Bridge Year ended 31 July 2,000 1,800 +€6.6% +0.6% (2.8%) +4.4% €105.6m €9.2m €1,703.9 (€45.5m) 1,600 €1,658.4 €1,589.1 1,400 1,200 €’m 1,000 800 600 400 200 0 FY 2020 Underlying Acquisition FY 2021 Currency FY 2021 (excl. currency) originenterprises.com 11
Slide 12: Group Operating Profit Bridge
Group Operating Profit Bridge Year ended 31 July 70 +42.1% +2.1% (5.9%) €18.6m €0.9m €63.6m +38.3% 60 (€2.6m) €61.0m 50 40 €44.1m €’m 30 20 10 0 FY 2020 Underlying Acquisitions FY 2021 Currency FY 2021 (excl. currency) originenterprises.com 12
Slide 13: FY2021 Free Cash Flow
FY2021 Free Cash Flow Year ended 31 July 2021 2020 €’m €’m EBITDA1 (excluding associates and joint venture) 69.3 52.7 Interest paid (5.8) (8.6) Tax paid (10.1) (8.0) Routine capital expenditure (4.7) (7.9) Working capital (outflow) / inflow (4.0) 30.3 Dividends received 4.5 5.8 Free cash flow 49.2 6
Slide 14: Strong Credit Metrics – average debt maturity 3.8 years
Strong Credit Metrics – average debt maturity 3.8 years Headroom across all key banking covenants) Covenant FY2021 HY 2021 FY2020 HY2020 Net debt to EBITDA Maximum 3.5x 0.13x 2.76x 1.18x 3.24x EBITDA to net interest Minimum 3.0x 10.36x 6.75x 5.76x 7.57x Maturity profile of the Group’s €400m unsecure
Slide 15: Strategic Evolution
Strategic Evolution originenterprises.com 15
Slide 16: Tailored offering
Tailored offering Crop Nutrition Agri-Services > Developing sustainable products and > Priority #1 – Championing our solutions for growers, including customers’ needs. prescription nutrient blends. > Trusted advisors– identifying > Production of higher margin proven technologies that deliver proprie
Slide 17: Nurturing our environment
Improve Zero Waste to productivity landfill within Improve Ireland & UK soil health by 2025 Recycled content in own product Improve packaging biodiversity On-farm Waste products & services Improve Reduce water Nurturing input our environment efficiency Nurturing consumption using digital tools Water
Slide 18: Nurturing our society
Connect and engage through our ‘Let’s Talk’ programme Minimise risk and reduce Continuously number of improve our accidents employee experience Measure and Cross-Group benchmark our HSW Forum Health, Safety Employee engagement to share best Engagement practice & Wellbeing performance Nurturing Human
Slide 19: Positioning for continued growth
Positioning for continued growth Leading market positions which Complementary M&A Targets Related Markets support essential global food production and the amenity Proprietary $2.5Bn - Biologicals sector Products $2.7Bn $3.5Bn - • Seed Micronutrients $4.0Bn Long-term partnerships as a • Micronutrient
Slide 20: Summary & Outlook
Summary & Outlook originenterprises.com 20
Slide 21: Summary & Outlook
Summary & Outlook Stronger performance creates platform for growth: › Solid earnings › Strong cash generation › Strengthened balance sheet position Dividend reinstated Acquisition of Green-tech complements our ambition to grow our offering of sustainable solutions Proactively managing emerging COVID
Slide 22: Thank you
Thank you originenterprises.com 22