DN Agrar Group S.A · BVB:DN
DN Agrar — Shareholder Meeting (April 2024)
28 slides from DN Agrar's shareholder meeting presentation, April 2024
Slide 1: DN AGRAR Group OGMS April 2024
DN AGRAR Group OGMS APRIL 2024 1
Slide 2: Content
CONTENT ABOUT DN AGRAR & THE MARKET DN AGRAR RESULTS 2023 DN AGRAR PROJECTS & FINANCIAL PROJECTIONS DN AGRAR BUDGET 2024 2
Slide 3: About DN AGRAR & the Market
ABOUT DN AGRAR & THE MARKET 3
Slide 4: DN AGRAR Investment Proposition
DN AGRAR INVESTMENT PROPOSITION Leading milk producers in Market Europe and the largest Position integrated zootechnical farm in Romania, with cow milk production and vegetable production. Focus on sustainable, Sustainable regenerative agriculture Agriculture practices that maximize productivity, re
Slide 5: DN AGRAR Today
DN AGRAR TODAY Zootechnic s Vegetal agriculture production Agricultural services Logistics Transport Tourism Business and management consulting services 5
Slide 6: Farms Today
DN AGRAR FARMS TODAY APOLD FARM CUT FARM • Over 4,800 dairy cattle & young stock • 2,100 dairy cattle • 70,000 liters/day • 50,000 liters/day • 400 cows milked/hour • 300 cows milked/hour LACTO AGRAR PRODLACT FARM FARMdairy cattle & • 4,000 • Over 3,300 young young stock stock animals • 63,000 liter
Slide 7: Key Differentiators of DN AGRAR
KEY DIFFERENTIATORS OF DN AGRAR Investing in the most modern equipment on the market Romanian cost price – Automatization & Digitalization Western Constant Circular Europe quality agriculture selling price Experienced personnel Animals Minimal High monitored use of volume of chemical 24/7 by our Con
Slide 8: DN AGRAR in the Capital Market
DN AGRAR IN THE CAPITAL MARKET • Listed on the Bucharest Stock Exchange, AeRO First Investors’ Day organized in June market since February 2, 2022 2023 • +24.81% (YTD) share price performance, +75.82% in 2023 Over 60 investors present in Alba, to see • Shares included in the BETAeRO and MSCI Frontie
Slide 9: Market Evolution and Trends
MARKET EVOLUTION AND TRENDS Key highlights of the Romanian milk market Key highlights of the European milk market 6.2% increase in the quantity of milk The dairy market has been volatile, collected in 2023, one of the highest consumption has remained robust, albeit growth rates in the European Union
Slide 10: Fragmentation of the Romanian Market
FRAGMENTATION OF THE ROMANIAN MARKET “FRIESLAND CAMPINA” (Napolact) “OLYMPUS” Collected approx. 300,000 liters/day (2022) Collected approx. 650,000 liters/day Collects milk from over 1,100 farmers Collects milk from over 1,300 farmers (2021) who milk 20,000 cows “DANONE” “LACTALIS” Collected approx.
Slide 11: DN AGRAR Results 2023
DN AGRAR ag) N O N Y) = — Y) LL co
Slide 12: Key Performance Indicators in 2023
KEY PERFORMANCE INDICATORS IN 2023 TURNOVER NET PROFIT EBITDA RON 150.88 mil. RON 22.67 mil. RON 53.97 +0.06% +62.64% Vs FY 2022 Vs FY 2022 mil. +24.53% Vs FY 2022 NET ASSETS TOTAL ASSETS EQUITY RON 231.26 RON 307.94 RON 133.33 mil. mil. mil. +32.35% +31.29% +67.38% Vs 31.12.2022 Vs 31.12.2022 Vs 31
Slide 13: Key Factors Influencing Financial Results in 2023
KEY FACTORS INFLUENCING FINANCIAL RESULTS IN 2023 Expenses Higher Increase The subsidy income had a positive impact in 2023 compared to previous years, related production in income it's important to mention that the subsidies received for 2023 are based on the to cost for from number of animals owne
Slide 14: Key Performance Indicators Evolution
KEY PERFORMANCE INDICATORS EVOLUTION EVOLUTION NET PROFIT EVOLUTION EBITDA 14 14
Slide 15: Key Performance Indicators
KEY PERFORMANCE INDICATORS KEY PERFORMANCE INDICATORS (RON) 31/12/2023 31/12/2022 31/12/2021 31/12/2020 TURNOVER 150,886,163 150,789,463 46,951,665 38,220,407 NET PROFIT 22,672,945 13,940,230 8,888,910 5,464,045 NET ASSETS 231,264,711 174,740,878 104,983,616 57,260,284 TOTAL ASSETS 307,944,974 234,5
Slide 16: The Balance Sheet
THE BALANCE SHEET BALANCE SHEET INDICATORS (RON) 31/12/2023 31/12/2022 31/12/2021 31/12/2020 FIXED ASSETS - TOTAL 212,141,058 160,654,419 96,416,465 57,557,888 CURRENT ASSETS - TOTAL 94,362,606 72,472,451 49,426,260 22,362,883 DEFERRED EXPENSES 1,441,310 1,428,834 1,133,043 770,173 TOTAL ASSETS 307,
Slide 17: Milk Production Evolution
MILK PRODUCTION EVOLUTION DN AGRAR - Monthly Evolution of the Quantity of Milk Delivered in 2024 (3M) vs 2023 vs 2022 🐄 In 2023 the quantity of milk delivered increased by 14% 5,500,000 compared to 2022. 🐄 In the first quarter of 2024, DN 5,000,000 registered over 18% advance in the amount of…
Slide 18: DN AGRAR Projects & Financial Projections
DN AGRAR PROJECTS & FINANCIAL PROJECTIONS 18
Slide 19: Our Strategy for the Period 2024-2027
OUR STRATEGY FOR THE PERIOD 2024-2027 Since the beginning of DN AGRAR's operations in Romania, starting from 2008, we made major investments totalling approximately 100 million euros. In recent years, the company has undergone a rapid process of consolidation and expansion, which included the acquis
Slide 20: Current Projects and Perspectives
CURRENT PROJECTS AND PERSPECTIVES Production of Robots for farms Liquefied or Compressed Installation of 2nd robot Biogas for the milking parlors of the DN AGRAR Cut and By using manure from own Lacto Agrar farms. farms in biogas production, DN AGRAR will reduce its carbon emissions by 90%. Straja p
Slide 21: Current Projects and Perspectives
CURRENT PROJECTS AND PERSPECTIVES 21
Slide 22: Straja Project
STRAJA PROJECT Project planned to be completed in 2027 Capacity of 5,000 cows (3,800 dairy cows & 1,200 young stock) Timeline • 2024: Construction works start, approx. 1,000 cows in production • 2025: Approx. 1,700 cows in production & pregnancy • 2026: Approx. 3,400 cows in production & pregnancy •
Slide 23: Dairy Farms 2027/2028
DN AGRAR DAIRY FARMS 2027/2028 THE 4 DAIRY FARMS WILL A HERD OF OVER 300.000 PRODUCE OVER APPROX 20.000 LITERS PER DAY 100 MILLION DAIRY COWS AND LITERS OF MILK YOUNG STOCK ANNUALLY 23
Slide 24: Farms 2027/2028
DN AGRAR FARMS 2027/2028 STRAJA FARM Acquisition • 3,800 dairy cattle FARM dairy cattle • ………. • 1,200 young stock • ……….liters/day • 100,000 liters/day • ………. cows • 600 cows milked/hour milked/hour APOLD FARM CUT FARM • Over 4,800 dairy • 2,100 dairy cattle cattle + young stock • 50,000 liters/day
Slide 25: Working Scenarios until 2027
WORKING SCENARIOS until 2027 Net Profit Net Turnover EBITDA The selling price of milk is The milk price at the average The price of milk is Takes into account a positive considered to be close to price level we achieved from considered to be at the evolution in the milk price, 2023's lowest selling
Slide 26: Budget 2024
DN AGRAR BUDGET 2024 26
Slide 27: Budget 2024: Forecasting and Outlook
BUDGET 2024: FORECASTING AND OUTLOOK OPERATING TURNOVER NET PROFIT EXPENSES RON 153.25 mil. RON 30.07 mil. RON 194.58 +1.57% +32.66% mil. Vs 31.12.2023 Vs 31.12.2023 -2.80% Vs 31.12.2023 OPERATING OPERATING INCOME INCOME FROM SUBSIDIES RON 237.76 RON 25 mil. mil. -7.84% +1.29% Vs 31.12.2023 Vs 31.12
Slide 28: Contact Investor Relations
CONTACT INVESTOR RELATIONS Peter de Boer, BoD Member & Investor Relations Manager investors@dn-agrar.eu , +40 258 818114 28