Slide 1: Presentation on the financial results for the 12 months of 2023
Presentation on the financial results for the 12 months of 2023
Slide 2: Presented by
Presented by Kęstutis Juščius Chair of the Board of AUGA group, AB 2
Slide 3: Content
Content 1. Financial results for the 12 months of 2023 and corresponding overview by segment. 2. Outlook for 2024. 3. Developments in the strategy implementation and Tech projects. 3
Slide 4: Results for the 12 months of 2023
Results for the 12 months of 2023 EUR million 2023 12M 2022 12M Variance 2021 12M Revenue 81.41 80.09 +2% 71.72 Gross profit (0.62) 15.27 n/a 3.95 Net profit (17.96) (5.35) -236% (15.44) EBITDA 1.48 19.58 -92% 9.10 The decline in organic food consumption has driven down the prices of organic commodi
Slide 5: Main factors for the EBITDA 2023 change
Main factors for the EBITDA 2023 change mission no cost to nature 5
Slide 6: Results by segment: crop growing
Results by segment: crop growing
Slide 7: Crop growing
Crop growing Gain (loss) on initial recognition of biological asset at fair value per quarter, EUR '000 6 000 Revaluation of biological assets 4 000 3 529 3 756 2 915 1 594 2 000 The result of the current harvest 125 197 404 0 season decreased by EUR 1.1 -528 -2 000 -1 074 million per Q4, mainly due
Slide 8: Crop growing
Crop growing 2023 12M 2022 12M Variance 2021 12M Financial results Total cultivated land, ha 38,190 38,525 -1% 39,139 Decreased commodity prices had EUR million 2023 12M 2022 12M Variance 2021 12M a major negative impact. Total gain (loss) on revaluation of (7.21) 2.83 n/a (5.51) biological assets (
Slide 9: Crop growing: commodity price trends
Crop growing Commodity price trends Organic vs. Conventional wheat price in Germany*, EUR/t 600 One of the lowest prices for 550 majority of crops in recent 500 years. 450 400 402 350 300 250 260 200 150 100 Jan Jun Jul Jan Jun Jul Jan Jun Jul Jan Feb Feb Feb Mar May Oct Nov Dec Mar May Oct Nov Dec
Slide 10: Crop growing: overview of winter crops
Crop growing Overview of winter crops Winter cash crops area (ha) and share of total area, % The area of winter crops, which 25 000 72% are less sensitive to weather 20 000 58% 22 221 conditions, has increased from 17 51% 51% 52% 15 000 17 404 to 22.2 thous. ha (+31%). 14 500 15 995 16 999 10 000 Fa
Slide 11: Crop growing: efficiency agenda
Crop growing Efficiency agenda Land consolidation and efficiency improvement programme: Review of efficiency rates on a land plot and hectare levels. If the review brings to the conclusion that certain operations fall outside Group averages, these land plots might no longer be cultivated so as to re
Slide 12: Results by segment: dairy
Results by segment: dairy
Slide 13: Dairy
Milk yield, kg/cow/day Dairy 23,0 22,7 23,0 22,5 22,4 22,3 22,4 22,9 22,0 22,5 22,3 22,0 21,9 21,9 21,8 Yield and price dynamics 22,0 22,1 21,3 21,3 21,4 21,4 21,6 22,0 21,8 21,2 Milk yield per cow was 5% higher in 21,0 21,3 21,2 20,6 20,7 21,5 2023 vs. 2022 and remained high at 20,1 20,3 19,9 20,0
Slide 14: Dairy
Dairy 2023 12M 2022 12M Variance 2021 12M Sales volume*, t 25,720 26,594 -3% 27,053 Financial results Milk 23,766 25,334 -6% 25,685 Total volume of milk produced Milk commodities 1,077 457 +136% 624 increased by 2% YoY. The Cattle 877 803 +9% 743 registered sales volume here was EUR million 2023 12M
Slide 15: Results by segment: mushroom growing
Results by segment: mushroom growing
Slide 16: Mushroom growing
Mushroom Price of mushrooms (excl. transport and packaging), EUR/t growing 2 600 2 440 2 432 2 393 2 319 2 374 2 300 2 164 2021 Price and production volume 1 998 2 123 1 954 1 952 dynamics 2 000 1 896 1 926 2022 2023 Price of mushrooms excluding 1 700 Q1 Q2 Q3 Q4 transport and packaging was 12% high
Slide 17: Mushroom growing
Mushroom growing Financial results 2023 12M 2022 12M Variance 2021 12M Mushrooms sales volume, t 11,510 11,552 0% 12,002 Higher sales prices, contained Average price (EUR/t) 2,633 2,384 +10% 2,323 production costs and lower energy prices have led to the EUR million 2023 12M 2022 12M Variance 2021 12
Slide 18: Results by segment: FMCG
j misija be kainos gamtal gy misija isi iste be kainos Be eincs Be kainos gamtal pe gerntai pa | gamtai py misija be kainos gamtai gy |
Slide 19: FMCG
FMCG Change in revenue structure EUR million 2023 12M 2022 12M Variance 2021 12M Sales revenue 5.94 8.12 -27% 6.19 In July 2023, AUGA group sold its Cost of goods sold (4.65) (6.38) -27% (4.66) subsidiary Grybai LT, producer of Gross profit 1.29 1.74 -26% 1.54 ready-to-eat soups and preserved produc
Slide 20: Outlook for 2024
Outlook for 2024
Slide 21: Outlook for 2024
Outlook for 2024 40 EUR, million 30 13,8 To the best of Company's estimate, we remain committed to the EBITDA 20 2,0 0,5 2,2 forecast for 2024, due to the fact that 2,0 the key assumptions for the Est. EUR published projection remain within 10 23.3 million 14,7 the allowed 10% range. EBITDA 0 -12,0
Slide 22: Strategy implementation and Tech projects
Strategy implementation and Tech projects
Slide 23: Green infrastructure
Green infrastructure Biomethane 3 biomethane units have already been installed. The biomethane system is set commence delivery to the natural gas system this very month. 23
Slide 24: Tech development
Tech development AUGA M1 and other sustainably powered machinery The progress is being made in the tractor technology development in line with the results, generated in field- tests. The unique structure of the AUGA M1 has obtained a patent in strategic global markets: the USA, Eurasian Patent Conve
Slide 25: Share price information
Share price information AUGA group, AB share price on Nasdaq Vilnius, EUR The share price decreased by 0,7 24% (from EUR 0.390 to EUR 0,6 0.297 per share) from the 0,5 beginning of 2023 to 29th of 0,4 February 2024. 0,3 The average monthly turnover 0,2 was EUR 0.22 million. 0,1 0 2014-01 2015-01 201
Slide 26: More information
More information • Nasdaq Vilnius, Baltic Main List, AUGA group, AB shares: AUG1L • Nasdaq Vilnius, Baltic Bond List, AUGA group, AB green bonds: AUGB060024A • Information for investors: http://auga.lt/en/for-auga-investors • Analyst reports, data in MS Excel format: https://auga.lt/en/investors/rep
Slide 27: Important notice
IMPORTANT NOTICE This presentation has been prepared by AUGA group, AB (AUGA group) solely for informational purposes and must not be relied upon, disclosed or published, or used in part for any other purpose. The presentation should not be treated as investment advice or provide basis for valuation
Slide 28: Synonim for sustainable food and lifestyle
SYNONIM FOR SUSTAINABLE FOOD AND LIFESTYLE