Dn Agrar Group S.a · BVB:DN
Dn Agrar — FY2024 Earnings Presentation
33 slides from Dn Agrar's earnings presentation, March 2025
Slide 1: Presentation Preliminary Financial Results 2024
Presentation Preliminary Financial Results 2024
Slide 2: Content
CONTENT ABOUT DN AGRAR 2024 PRELIMINARY FINANCIAL RESULTS OPERATIONAL ACTIVITY DN AGRAR PROJECTS AND OUTLOOK
Slide 3: DN Agrar - An Outstanding Growth Story
DN AGRAR - AN OUTSTANDING GROWTH STORY Tripled the business since listing Track Consistent Growth in EBITDA Record Approx. 63 million liters of milk delivered in 2024 Focus on sustainable, regenerative Sustainable agriculture practices that maximize Agriculture productivity, reduce environmental imp
Slide 4: DN Agrar Activity – Integrated Dairy Production
DN AGRAR ACTIVITY – INTEGRATED DAIRY PRODUCTION Zootechnics Vegetal agricultural production Agricultural services Logistics Transport Tourism Business and management consulting services 4
Slide 5: DN Agrar Farms Leading Romanian Milk Production
DN AGRAR FARMS LEADING ROMANIAN MILK PRODUCTION ~ 63 million liters of milk were delivered in 2024 APOLD FARM CUT FARM • 8,300 dairy cattle & young stock • 2,000 dairy cattle • 75,000 liters/day • 49,000 liters/day • 400 cows milked/hour • 300 cows milked/hour PRODLACT FARM LACTO AGRAR FARM • 1,000
Slide 6: Activity in the Capital Market Recognized Internationally
ACTIVITY IN THE CAPITAL MARKET RECOGNIZED INTERNATIONALLY ➢ Listed on the Bucharest Stock Exchange, AeRO market since February 2, 2022 ➢ Market capitalization of EUR ~50 mil, liquidity at the level of Main Market companies ➢ The company with the largest weight in the BETAeRO index at the end of 2024
Slide 7: Strong Performance in the Capital Market
STRONG PERFORMANCE IN THE CAPITAL MARKET Strong Share Performance ✓ The share price performance compared to ✓ The value traded - DN AGRAR the listing has doubled.* shares doubled to RON 54.2 million in 2024, compared to ✓ +14.45% share price performance RON 25.5 million YOY** (Dec 2024 vs Dec 2023)
Slide 8: 2024 Results & Outlook
2024 RESULTS & OUTLOOK 8
Slide 9: Record Results in 2024, Turnover +16%, Net Profit +40%
RECORD RESULTS IN 2024, TURNOVER +16%, NET PROFIT +40% TURNOVER NET ASSETS RON 175.70 mil. +16.44% RON 277.39 mil. +19.95% vs 2023 vs 31.12.2023 NET PROFIT TOTAL ASSETS RON 31.75 mil. +40.02% RON 361.66 mil. +17.44% vs 2023 vs 31.12.2023 EBITDA EQUITY RON 70.72 mil. +31.02% RON 164.99 mil. +23.73% v
Slide 10: Factors That Influenced the 2024 Results
FACTORS THAT INFLUENCED THE 2024 RESULTS Decrease in production Income from Increase in subsidies costs for crops by turnover by 16% decreased by approximately 4.4%. 13% Increase in raw materials The increase of The increase in and consumables by 8% personnel expenses by depreciation by 21% expenses
Slide 11: Continuous Financial Growth Performance
CONTINOUS FINANCIAL GROWTH PERFORMANCE 2024 Results were above the budgeted figures TURNOVER, mil. RON EBITDA, mil. RON NET PROFIT, mil. RON 180.00 175.70 160.00 150.79 150.89 140.00 120.00 80.00 70.72 100.00 60.00 53.97 40.00 31.75 80.00 43.34 40.00 22.67 60.00 20.00 46.95 13.94 20.00 16.89 8.89 40
Slide 12: Preliminary Financial Results Highlights 2024
PRELIMINARY FINANCIAL RESULTS HIGHLIGHTS 2024 PROFIT AND LOSS ACCOUNT 31/12/2024 31/12/2023 ∆% (RON) Operating revenues amounted to RON 264 million, an increase of 13% compared to the OPERATING INCOME – TOTAL 264,319,815 234,724,747 12.61% same period last year. OPERATING EXPENSES – TOTAL 218,862,63
Slide 13: The Main Elements of the Balance Sheet
THE MAIN ELEMENTS OF THE BALANCE SHEET Equity increased by 24% compared to December BALANCE SHEET INDICATORS (RON) 31/12/2024 31/12/2023 ∆% 31, 2023, reaching RON 165 million. The evolution was determined by the recording of a net profit of FIXED ASSETS - TOTAL 243,511,009 212,141,058 14.79% RON 32
Slide 14: Operational Activity
OPERATIONAL B\, We ACTIVITY
Slide 15: Consistent Growth in Milk Deliveries
CONSISTENT GROWTH IN MILK DELIVERIES Milk production has maintained an upward trend with a monthly average of over 5 million liters. Approximately 63 million liters of milk were delivered in 2024, exceeding the target of 60 million liters for 2024. 15
Slide 16: European Milk Market & Outlook 2024
EUROPEAN MILK MARKET & OUTLOOK 2024 European milk market Amount of milk collected at the regional Price of milk at the region level level, % c/kg Romania +8.8 Romania 51 Poland +3.8 Poland 61.7 Bulgaria +6.3 Bulgaria 48.4 Hungary +6.4 Hungary 48.8 as of Dec 2024 as of Dec 2024 *https://agriculture.e
Slide 17: DN Agrar Projects and Outlook
DN AGRAR PROJECTS AND OUTLOOK 17
Slide 18: DN Agrar Strategic View by 2027/2028
DN AGRAR STRATEGIC VIEW BY 2027/ 2028 A Clear and Achievable Vision Building a Major The 5 farms will A herd of approx. Over 300.000 liters produce over 100 European Milk 20.000 dairy cows per day million liters of Producer and young stock milk annually Strategic Straja farm project Compost factory
Slide 19: DN Agrar Farms 2027/2028
DN AGRAR FARMS 2027/2028 AQUISITION FARM ~ 100 million liters of milk will be • ………. dairy cattle delivered annually, starting 2028 • ………. liters/day • ………. cows milked/hour APOLD FARM STRA JA FARM • 6,000 dairy cattle + young stock • 5,000 dairy cattle + young stock • 100,000 liters/day • 100,000 l
Slide 20: Straja Project - A Significant Expansion in Production
STRA JA PROJECT - A SIGNIFICANT EXPANSION IN PRODUCTION 2024: Key Highlights ➢ The foundation works were completed • Started in 2023, and planned to be completed in ➢ Part of the main hall, finalized 2027. ➢ Waste storage lagoon, finalized • Capacity of 5,000 cows (4,000 dairy cows and 1,000 young s
Slide 21: Straja Project Current Status
STRA JA PROJECT CURRENT STATUS 21
Slide 22: Straja Project Current Status
STRA JA PROJECT CURRENT STATUS 22
Slide 23: Compost Factory to Strengthen the Circular Economic Model
COMPOST FACTORY TO STRENGTHEN THE CIRCULAR ECONOMIC MODEL Operational Highlights • Integrated organic waste management system • Operations started in November 2024 • 21,000 tons of manure processed annually • Production of over 7,000 tons of organic fertilizer • Use the organic fertilizers produced
Slide 24: Biomethane Production for an Integrated Sustainable Strategy
BIOMETHANE PRODUCTION FOR AN INTEGRATED SUSTAINABLE STRATEGY Operational Highlights • Production facility with a total capacity of up to 20 MW • DN AGRAR will supply the raw material for the biomethane production • BSOG Energy will develop the production facility Cooperation agreement for the larges
Slide 25: Status of Current Projects
STATUS OF CURRENT PROJECTS Automation and Energy Diversification Obtaining voluntary certification for the compost produced Obtaining voluntary In parallel with the start-up of the compost plant, we have carbon reduction embarked on an ambitious project to obtain voluntary Allowances certification f
Slide 26: Future Plans Under Analysis: Vertical Farming
FUTURE PLANS under analysis Vertical Farming Under analysis Advantages: • Year-round production • Climate and weather agnostic • More efficient use of space • Urban farming • Lower labor costs • Minimal water use • No soil degradation • No usage of pesticides or herbicides The two leading challenges
Slide 27: New Strategic Investments Planned for 2025
NEW STRATEGIC INVESTMENTS PLANNED FOR 2025 New Compost Factory at Lacto Agrar Solar panels with an installed Farm capacity of 2,218 kW Investment of EUR 1.7 million Investment of approx. EUR 1.7 million • Second composting unit within the Group • The investment aims to install solar panels on the ro
Slide 28: Q1 2025 Outlook on Milk Market Evolution
Q1 2025 OUTLOOK ON MILK MARKET EVOLUTION DN’s milk price evolution In the context of the evolution of the milk market, in the first quarter of 2025, DN AGRAR benefited from a significant increase in the price of the milk sold, compared with the similar period of 2024. 28
Slide 29: Rainfall 1st October – 1st March
RAINFALL 1ST OCTOBER – 1ST MARCH Rainfall 250 200 150 100 50 0 2022 -2023 2023 - 2024 2024 -2025 Rainfall 29
Slide 30: Contact Investor Relations
CONTACT INVESTOR RELATIONS Peter de Boer, BoD Member & Investor Relations Manager investors@dn-agrar.eu , +40 258 818114 30
Slide 31: Questions
QUESTIONS 1. Are there plans to transition to the main market and attract institutional investors and pension funds? 2. Do you intend to build a dairy products factory?
Slide 32: Strategy 2030
STRATEGY 2030 ➢ New significant investments that will become operational until 2030 ➢ Updated scenarios ➢ Strategy Presentation will be announced 32
Slide 33: Future Events
FUTURE EVENTS 25th of March EGMS Beginning of Presentation of the April Strategy by 2030 Approval for the financing of new DN AGRAR will publish the updated strategy, investments including the working scenarios 29th of Annual GMS 30th of 2024 Annual Report April April publication Beginning of 2024 E