Slide 1: Preliminary Results FY2023
Sustainable Land Use PRELIMINARY RESULTS FY2023
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of the preparation of this presentation. Due to the inherent uncertainties, including both econom
Slide 3: Strong operational delivery; robust cash generation
Strong operational delivery; robust cash generation STRONG FINANCIAL EFFECTIVE OPERATIONAL STRATEGY EVOLUTION CAPABILITY EXECUTION Expansion of Group’s Amenity, €90.8m > Strong performance in volatile operational trading conditions > Q4 recovery in Northern Hemisphere, following Q3 weather Environme
Slide 4: Trading Review Ireland and the United Kingdom
Trading Review Ireland UK Operating Profit (€’m) Ireland and the United Kingdom > Return to more normalised trading conditions as commodity markets softened through H2. 57.8 94.5 39.1 23.3 60.0 54.8 2023 2022 2021 2020 2019 2018 > Underlying volume reduced by 7.4%, primarily reflecting: • Fertiliser
Slide 5: Accelerating our participation in the Amenity, Environmental and Ecology markets
Ireland and the United Kingdom Accelerating our participation in the Amenity, Environmental and Ecology markets Established position as a Recent acquisitions strengthen our presence in landscaping and nature-based solutions, and Revenue (€’m) leading provider of entry into environmental and ecology
Slide 6: Trading Review Continental Europe
Trading Review Operating Profit (€’m) Continental Ukraine Europe Poland > Delivered a solid performance in FY2023 • Underlying volume reduced by 18.2%, driven by Ukraine and Romania 15.8 14.8 15.7 13.2 13.9 15.8 pricing impact of volatile fertiliser raw material prices 2023 2022 2021 2020 2019 2018
Slide 7: Trading Review Latin America
Trading Review Operating Profit (€’m) Latin Brazil America Paraná State Minas > Underlying volume increased by 30.1%, following expansion Gerais State of product range and increased production throughput 15.7 9.7 6.3 7.1 8.1 • Investments have been made in the organisational structure, 2023 2022 202
Slide 8: Financial Performance
FINANCIAL ~ ~PERFORMANCE 2 Si 2" Tee
Slide 9: FY 2023 Financial Summary
FY 2023 Financial Summary PERFORMANCE CASH & DEBT Capital Allocation REVENUE OPERATING PROFIT FREE CASH FLOW ACQUISITIONS TOTAL DIVIDEND €2,456.2m €90.8m €104.4m €30.1m 16.8 cent +5.5% Underlying revenue 2022: €119.7m 2022: €108.5m 2022: €1.5m 2022: 16.0 cent ROCE ADJUSTED EPS NET CASH STRATEGIC CAP
Slide 10: Strategic Ambition: Cumulative targets FY22 to FY26
Strategic Ambition Cumulative targets FY22 to FY26 2017-2021 FY22– FY26 % of CMD target Historic CMD 2022 Target Delivered to date performance Cumulative Group Cumulative Group Operating Profit Operating Profit 51% €329m €415m Free Cash flow Free Cash Flow €257m €325m >80% Average cash conversion 66
Slide 11: Cash Flow and Balance Sheet
Cash Flow and Balance Sheet Significant cash generation and strong balance sheet Cashflow FY 2023 FY 2022 Balance Sheet FY 2023 FY 2022 Free cash flow (FCF) €104.4m €108.5m Net Cash €53.2m €43.4m FCF Conversion % 178.2% 130.5% Net Debt: adjusted EBITDA - - Target >80% Adjusted EBIT: Net Financing Co
Slide 12: Capital Allocation Framework
Capital Allocation Framework Focused on Free Cash Flow (“FCF”) generation. Disciplined approach to capital allocation, with prudent financial policies designed to balance growth and shareholder returns Dividends Strategic capex Dividend increased Largely IT investment by 5% on prior year Ongoing inv
Slide 13: Strategic Update
STRATEGIC UPDATE Sustainable Land Use 2023 originenterprises.com 13
Slide 14: Our Strategy: Optimising sustainable land use through innovation and integrated solutions
Our Strategy Optimising sustainable land use through innovation and integrated solutions OUR VALUES OUR PURPOSE MACRO GROWTH OUR STRATEGIC PILLARS WHAT GUIDES US Optimising the DRIVERS HOW WE WIN sustainable use of Our business model People land through responds to three Building and maintaining cus
Slide 15: Delivering on our strategy
Delivering on our strategy FY 23 Achievements Strategic Focus for FY24 1. Building and > Promotion of agronomic best practices such integrated pest > Initiating research aimed at increasing Nitrogen use efficiency in maintaining management principles crops by 20% customer-centric, market-leading > C
Slide 16: Delivering on 2022 CMD objectives
Delivering on Ecology 2022 CMD objectives Growth in Services Biologicals Acquisition Working Capital Product Innovation Invest Discipline and Mix for growth Strengthen Foundations Broaden Landscaping Products Amenity Service Bolt Ons Offer Improved Use of Invest in Technology Our People 2023 origine
Slide 17: Enabling a net zero environment through science led innovation
Enabling a net zero environment FY 2023 ESG Achievements Through science led innovation Evolution of Origin’s Green CO2 Products Biologicals Creation of Carbon Setting of Science Based Transition Plan to 2032 Targets (‘SBTi’) Digital Soil Analysis Tools 2023 Carbon Development of the Creation of the
Slide 18: Summary
Summary • Strong overall performance in context of volatile • Continue to pursue a disciplined approach to commodity markets capital allocation to drive shareholder returns › Delivered ROCE within our targeted range at 12.6% • M&A supports the diversification of earnings, complements our organic gro
Slide 19: Appendix
Appendix Sustainable Land Use
Slide 20: Strong Fundamentals
Well positioned for future growth Strong capital position People focused Disciplined approach to capital allocation Origin is a people business We have a skilled, Strong cash flow and robust balance sheet engaged and inclusive workforce to deliver the right products and services Strong Fundamentals
Slide 21: FY2023 Balance Sheet
FY2023 Balance Sheet Year ended 31 July 2023 2022 €’m €’m Tangible assets 180.2 163.7 Goodwill and intangible assets 299.9 252.0 Associates and joint venture 53.2 47.6 Working capital (50.0) (5.6) Deferred and contingent acquisition consideration (50.4) (32.8) Post employment benefit surplus 2.6 7.8
Slide 22: FY2023 Free Cash Flow
FY2023 Free Cash Flow Year ended 31 July 2023 2022 €’m €’m EBITDA (excluding associates and joint venture) 99.5 130.4 Interest paid (11.5) (8.0) Tax paid (19.7) (26.2) Routine capital expenditure (7.9) (6.9) Working capital inflow 43.9 16.2 Dividends received 0.1 3.0 Free Cash Flow 104.4 108.5 2023