National Agricultural Development Co. · TADAWUL:6010
National Agricultural Development — FY2024 Earnings Presentation
19 slides from National Agricultural Development's earnings presentation, Dec 31, 2024
Slide 1: Earnings Presentation For the Year Ended 31 December 2024
EARNINGS PRESENTATION For the Year Ended 31 December 2024
Slide 2: Key Highlights for FY 2024
* Key Highlights for FY 2024
Slide 3: Key Highlights for FY 2024
Key Highlights for FY 2024 2 EARNINGS - 31 December 2024
Slide 4: Milestones FY 2024
Milestones FY 2024 Signing of a memorandum of understanding with United Feeds Mar} company to explore cooperation in establishing a livestock project. specializingin Sheepand Goats). 2024 o Pee Publication of ESG Report Release of its Sustainability and ESG Report. This report outlines the Dec compa
Slide 5: New Products Launched in 2024
New Products Launched in 2024 Lactose Free [ster Merto ( Mojito UHT Milk ee OE ( Lactose Free Aryan Cucumber & Mint Yoghurt Laban 2024
Slide 6: Performance FY 2024
Financial Performance FY 2024 5 EARNINGS - 31 December 2024
Slide 7: Highlights - Revenue by Segments
Financial Highlights —— Revenue by Segments 3,197 Mn 2023 A e 4 Pee E KSA. Ene KSA roa Gcc os GCC 6 Exports “ue Exports = y/ y 2% Protein
Slide 8: Highlights - By Channel
Financial Highlights — By Channel Reven annel J Modern Trade 1779 2% @ 2024 Traditional Trade 6 © 5% @ Foods Service 4 Oo 3% © Agriculture 48 Q 41% @ Others 24 Q9 -7% @ Total 2290 1% © ModernTrade [EW Traditional Trade [Za 2% Foods Service [RI
Slide 9: Highlights - By Category
Financial Highlights — By Category [ cheese & Butter ( Long Life Dairy Ea (mo Eg Cos Fresh Dairy& EOF % (Fresh ice [ones Cheese & Butter 2 0 6% © Olive Oil 4% 6 68% © Fresh Dairy & Derivatives 58 @ 4% @ Fresh Juice 40 2% @ Long Life Dairy 3 © 0% @ Agri 48 @ -41% @ Protein 166 rt) 99% (+) Others -105
Slide 10: Net Income Bridge
Net Income Bridge +473 Mn 253 7718 103 87 a 37 te) | Pe , oa ™ — 3 34 |_| -27 EE -40 Netincome Fuelimpact Protein 7a DEB Price D&B —Itereste —~—“Zatat~—=~CUevest xp —~=~Cthers=~=~*«NtIneome~—~*ins frm —Farvalue —-Netineome FY23 Miximpact Other without investment listing, gains Arabian Fv24 — FY 24 A
Slide 11: Balance Sheet & Ratios - Dec 2024
Balance Sheet & Ratios — 31 Dec 2024 FY ‘23 FY ‘24 Total Assets: SAR 5,052 Mn Total Assets: SAR 5,673 Mn y/ Debt to Equity y+ y/ Current Ratio FY 24 FY 24 23x 53% y/ Trade Payables Assets Equity & Assets Equity & FY23 Liabilities Liabilities _) @ @ sieve cnital Other-Current Cash & Cash Non-Current
Slide 12: Working Capital
Working Capital 19% 2019 2020 2021 2022 2023 2024 @ Net Working Capital SAR Mn sam % of Revenue same CAPEX as % of revenue 1 100 102 Days of Inventory outstanding (DIO) 145 124 10: 129 Days of Sales outstanding (DSO) 108 103 100 111 83 75 Days of Payable outstanding (DPO) (131) (96) (92) (90) (75) (
Slide 13: Cashflow Statement
Cashflow Statement 16 a 143 eee “163 — 9 1,665 -276 1335 nk Balance Netcash Purchase of assets Investment Interest, (Repayment) (Cash used in Effect of BankBalance 23 from ane inc. biological, proceeds, net proceeds cfloans/new other fi. exchange rates Pre net of proceeds loans aetiviies ‘oncash hel
Slide 14: Debt and EBITDA/EBIT Margins Trend
Debt and EBITDA/ EBIT Margins Trend 8.23x 2018 2019 2020 2021 2022 2023 2028 2023 2024 Boe == Debt/Equity sm Debt/ EBITDA Ee reverve sm EBITDA Margin =m EBIT Margin
Slide 15: Slide 15
Slide 16: Statements
Financial Statements 14 EARNINGS - 31 December 2024
Slide 17: Highlights - Income Statement
Financial Highlights Inc Statementt FY24 FY23 Revenue from Operations 3,220 3,197 Cost of Good Sold (2,028) (2,013) Gross Profit 1,192 1,184 Selling General & Admin Exp. (767) (773) Other Operating Expenses* (36) (71) Operating Profit 389 341 Profit on Sale of Investment 357 Finance Income/Cost, net
Slide 18: Highlights - Balance Sheet
Financial Highlights Balance Sheet Dec 31, 202: Dec, 31 2023 Non-Current Assets 2,819 2,695 Current Assets 2,884 2,415 Total Assets 5,704 5,110 Non-Current Liabilities 162 285 Current Liabilities 1245 1,232 Total Liabilities 1,407 1,517 Shareholders’ Equity 4,297 3,593 Total Shareholders’ Equity and
Slide 19: Highlights - Cash Flow Statement
Financial Highlights Cash Flow Sta Dec 31, 2024 Dec 31, Net Profit before Zakat 827 290 Adjustment for Non-Cash and Non-operating Items 3 460 Cash Operating Profit 830 750 Changes in working capital (124) (51) Zakat Paid (11) (20) Employee Benefits Paid (24) (25) Cash Flow from Operating Activities
National Agricultural Development Co. (NADEC) — FY2024 Earnings Presentation on 6ix