American Vanguard Corporation · NYSE:AVD
American Vanguard — Q2 2025 Earnings Presentation
10 slides from American Vanguard's earnings presentation, Jul 31, 2025
Slide 1: Earnings Presentation
EARNINGS PRESENTATION July 31, 2025
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Safe Harbor Statement The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this presentation the matters set forth in this presentation include forward-looking statements. These statements can be identified b
Slide 3: Key Messages
KEY MESSAGES The Company’s business transformation is The Company’s adjusted EBITDA nearly driving results. Significant operations doubles as compared to the year ago period. improvements have occurred, but the majority of the financial benefits will materialize in future periods. Gross profit margi
Slide 4: Second Quarter '25 vs. Second Quarter '24
SECOND QUARTER ‘25 VS. SECOND QUARTER ‘24 NET SALES EBITDA 2Q25 2Q24 2Q25 2Q24 $129 million $128 million $11 million $6 million Gross Profit Margin EBITDA Margin 31% 29% 9% 5% • The implementation of our SIOP process and • The Company continues to take costs out of its improved manufacturing perform
Slide 5: Destocking Appears to Have Run Its Course
DESTOCKING APPEARS TO HAVE RUN ITS COURSE Values are in millions of $’s Customers’ percentage inventory change vs. absolute inventory change vs. inventory Customers have drawn down inventory to historically low levels 19% 9% 7% 5% (4%) (1%) (1%) (2%) (6%) (5%) (10%) (14%) (14%) (16%) (18%) (17%) (18
Slide 6: Q2 2025 Revenue Results
Q2 2025 REVENUE RESULTS • A slowdown in customer destocking, coupled with In $M 2025 2024 Change Change % improved corn and peanut acreage are the reasons for the increase in U.S. crop revenue. U.S. Crop $52,674 $52,289 $385 1% Some strength was partially offset by weakness in U.S. Non-Crop 19,585 1
Slide 7: Improving Gross Profit Margin
IMPROVING GROSS PROFIT MARGIN • A portion of the gross profit margin improvement was due to improved manufacturing performance, 32% as well as our improved Sales, Inventory, and 31% Operations Planning (SIOP) is beginning to yield 31% results. 31% increased gross 30% profit margin from 29% to 31% •
Slide 8: Simplify, Prioritize and Deliver
SIMPLIFY, PRIORITIZE AND DELIVER • The Company cut 13% from its operating expense as compared to last year. $41,000 • Selling, general and administrative cost decreased $40,000 $39,650 by $2 million versus last year. $39,000 $38,000 13% decrease YoY • Research, product development and regulatory $37
Slide 9: Utilizing Less Debt to Operate the Company
UTILIZING LESS DEBT TO OPERATE THE COMPANY • Given all of the streamlining that has occurred, the Company is operating more efficiently than it has $215 in the past. This is leading to less need for debt to $211M operate the company. $210 Decrease in the revolving $205 line of credit y/y $211 • With
Slide 10: Thank You
THANK YOU Q&A