Slide 1: Preliminary Results FY2022
PRELIMINARY RESULTS FY2022 27 September 2022
Slide 2: Forward-Looking Statements
FORWARD- This presentation contains forward- may differ materially from those expressed looking statements. These statements or implied by these forward-looking LOOKING have been made by the Directors in good statements. STATEMENTS faith based on the information available to them up to the time of t
Slide 3: Strong performance in exceptionally volatile trading environment
STRONG PERFORMANCE IN EXCEPTIONALLY VOLATILE TRADING ENVIRONMENT Improved financial returns Strong operational performance Strategic Evolution Favourable growing conditions through the key planting €119.7m and application period in all markets, in contrast to previous two years Transitioning our p
Slide 4: Ireland & the United Kingdom trading review
TRADING REVIEW Operating Profit (€’m) IRELAND & THE Ireland UNITED KINGDOM UK > Underlying volume reduction of 7.3% 54.8 60.0 23.3 39.1 94.5 driven by a 22.6% decrease in fertiliser volumes impacted by price inflation 2018 2019 2020 2021 2022 > Strong crop output prices, better cropping profile and
Slide 5: Continental Europe trading review
TRADING REVIEW Operating Profit (€’m) Poland Ukraine CONTINENTAL EUROPE > Underlying volumes reduced by 5.4%, driven by: 16.2 13.9 13.2 15.7 14.8 Romania • 11.3% decrease in fertiliser volumes 2018 2019 2020 2021 2022 across CE markets • Sharp reduction in activity levels in Operational Review: Cont
Slide 6: Latin America trading review
TRADING REVIEW Operating Profit (€’m) LATIN AMERICA Brazil Paraná State > Strong underlying volume growth of 43.4% 8.1 7.1 6.3 9.7 Minas driven equally by: 2019 2020 2021 2022 Gerais State • Demand for core product range • Significant increase in controlled release fertiliser volumes following the O
Slide 7: Financial Statements
FINANCIAL STATEMENTS originenterprises.com 2022 7
Slide 8: FY2022 Performance
FY2022 PERFORMANCE REVENUE OPERATING PROFIT ADJUSTED EPS DIVIDEND PER SHARE €2,342.1m €119.7m 71.53c 16.0c 41.2% (rc1) 96.3% (rc1) 101.5% (rc1) 2021: 11.0c 38.0% (cc1) 89.7% (cc1) 94.7% (cc1) FREE CASH FLOW WORKING CAPITAL INFLOW ROCE NET CASH €108.5m €16.2m 18.3% €43.4m 2021: €49.2m 2021: (€4.0m ou
Slide 9: Group Revenue Analysis
GROUP REVENUE1 ANALYSIS +42.9% GROWTH IN GROUP REVENUE 12 MONTHS TO JULY 2022 +3.9% +39.7% +1.2% (1.9%) CURRENCY UNDERLYING ACQUISITIONS DISPOSALS (5.4%) +45.1% VOLUME PRICE 1 Excludes crop marketing revenues and volumes originenterprises.com 9
Slide 10: FY2022 Financial Highlights
FY2022 FINANCIAL HIGHLIGHTS YEAR ENDED 31 JULY 2022 2021 Change Constant Currency €’m €’m % % Group revenue 2,342.1 1,658.4 41.2% 38.0% Group operating profit1 119.7 61.0 96.3% 89.7% Agri-Services 6.8 2.8 140.9% 134.0% Associates and joint venture2 Total group operating profit 126.5 63.8 98.3% 91.6%
Slide 11: Group Operating Profit Bridge
GROUP OPERATING PROFIT BRIDGE YEAR ENDED 31 JULY 125 100 75 €’m 50 25 0 FY2021 Underlying Acquisition Disposals FY2022 Currency FY2022 (excl. currency) originenterprises.com 2022 11
Slide 12: FY2022 Balance Sheet
FY2022 BALANCE SHEET YEAR ENDED 31 JULY 2022 2021 €’m €’m Tangible assets 163.7 176.1 Goodwill and intangible assets 252.0 248.4 Associates and joint venture 47.6 43.3 Working capital (5.6) 2.9 Deferred and contingent acquisition consideration (32.8) (25.8) Post employment benefit surplus 7.8 5.9 Pr
Slide 13: FY2022 Free Cash Flow
FY2022 FREE CASH FLOW YEAR ENDED 31 JULY 2022 2021 €’m €’m EBITDA1 (excluding associates and joint venture) 130.4 69.3 Interest paid (8.0) (5.8) Tax paid (26.2) (10.1) Routine capital expenditure (6.9) (4.7) Working capital inflow/(outflow) 16.2 (4.0) Dividends received 3.0 4.5 Free cash flow 108.5
Slide 14: Strong Credit Metrics
STRONG CREDIT METRICS HEADROOM ACROSS ALL KEY BANKING COVENANTS Covenant 2022 2022 2021 2021 Full year times Half year times Full year times Half year times Net bank debt: EBITDA Maximum 3.5x - 0.61x 0.13x 2.76x EBITDA: Net interest Minimum 3.0x 13.83x 11.10x 10.36x 6.75x Credit facility pricing is
Slide 15: Strategic Evolution
STRATEGIC EVOLUTION originenterprises.com 2022 15
Slide 16: Sustainability at the Core of Origin
SUSTAINABILITY AT THE CORE OF ORIGIN Model Commitments › ‘Advice-led Agronomy’ › Trusted advisor to customers > Green Horizons manifesto Origin Enterprises plc Board › Engage with the latest innovations > Fertile Future manifesto and best practices › Product innovation › Align to best-in-class carbo
Slide 17: Origin's Strategic Positioning to Macro-Growth Drivers
ORIGIN’S STRATEGIC POSITIONING TO MACRO-GROWTH DRIVERS Macro Growth Drivers Strategic Priorities Maintaining a customer-centric, market- leading business model in the provision of Sustainable Agronomy technical advice and solutions in UK and Ireland, and building to scale in Continental Europe Trans
Slide 18: Sustainable Agronomy
SUSTAINABLE AGRONOMY Providing customer-centric technical advice and solutions Optimising sustainable land use 4 Enhancing Biodiversity & Protecting Natural Capital 3 Innovative & Integrated Plant Protection 2 Soil Resilience & Plant Nutrition 1 Balancing Sustainability & Outputs originenterprises.c
Slide 19: Transitioning Our Product and Services Portfolio
TRANSITIONING OUR PRODUCT AND SERVICES PORTFOLIO Optimising yields sustainably with specific focus on Biosolutions, Specialty Nutrition and Digital Technologies UK and Continental Latin Ireland Europe America Scope to address global Limited, but near market food Scope for both near market Significan
Slide 20: Accelerating Participation in Environmental and Ecological Markets
ACCELERATING PARTICIPATION IN ENVIRONMENTAL AND ECOLOGICAL MARKETS Enhancing environmental and ecological benefits in sustainable land use DRIVERS OF THE EMERGING NATURE ECONOMY STRENGTHENING Biodiversity Net Gain Environmental Land Obligations in the Management in UK Environment Agricultural Policy
Slide 21: Strategic Enablers
STRATEGIC ENABLERS Priority actions in next 12-18 months Growth in Ecology Services Biologicals Acquisition Working Product Capital innovation Invest discipline and mix for growth Strengthen Foundations Broaden Landscaping Amenity Products Service Offer Bolt Ons Improved use of Invest in Technology
Slide 22: Summary & Outlook
SUMMARY & OUTLOOK originenterprises.com 2022 22
Slide 23: Summary & Outlook
SUMMARY & OUTLOOK • FY22 characterised by several challenging macro-economic factors, including inflation, increasing energy costs and disrupted supply chains • Proactively managing supply chain sourcing challenge and raw material price volatility • Challenging global macro-economic conditions likel