Slide 1: Growing Beyond - Preliminary Results FY24
GROWING BEYOND PRELIMINARY RESULTS FY24 1
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: Resilient Performance, Strategic Progress: FY24 Financial Highlights
Resilient Performance, Strategic Progress FY24 Financial Highlights Global results Solid Q4 Performance: Strong late applications supported adjusted EPS at the €39.0M €17.5M1 upper range of Q3 guidance. €83.5M Operating profit (FY23: €90.8m) Ireland and UK Continental Europe Agriculture Impact: Nort
Slide 4: Markets & Trading Review
MARKETS & TRADING REVIEW
Slide 5: Our Operations
Our Operations AGRICULTURE LIVING LANDSCAPES Agronomic advice, supporting Agronomic advice, supporting technically- Direct-to-farm ‘Sustainable retail sales of the inputs required led retail sales of the inputs required to ‘Sports’ businesses Agronomy’ businesses to help each field achieve its true
Slide 6: Agriculture
Agriculture Sean Coyle Chief Executive Officer 6
Slide 7: Agriculture - Ireland and UK Trading Review
AGRICULTURE - IRELAND AND UK TRADING REVIEW Performance: Reduced operating profit in FY24, driven by UK planting and application challenges with record levels of rainfall recorded. The 20.1% revenue decline was somewhat mitigated by operational efficiencies and cost controls. Sustainable Agronomy: I
Slide 8: Agriculture - Continental Europe Trading Review
AGRICULTURE - CONTINENTAL EUROPE TRADING REVIEW Performance: Operating profit increased by 4.6% to €16.5 million in FY24. Revenue declined by 19.9% due to commodity price reductions, but sales volumes grew by 7.9%, enhancing margins and improving operating margin by 100bps. Poland: Delivered strong
Slide 9: Agriculture - Latin America Trading Review
AGRICULTURE - LATIN AMERICA TRADING REVIEW Performance: Operating profit of €15.1 million, partly impacted by currency weakness, was a robust performance in a challenging macro environment. Volume Growth: Underlying volume increase of 37.4%, driven by investments in sales and operations infrastructu
Slide 10: Living Landscapes
Living Landscapes TJ Kelly Divisional Managing Director 10
Slide 11: Living Landscapes Trading Review
LIVING LANDSCAPES TRADING REVIEW Performance: Delivered good result, now accounting for 14.2% of Group operating profit, up from 12.2% last year, driven by acquisitions and diversification. Acquisitions: Two acquisitions (Groundtrax and Suregreen) completed for €5.3 million, aligning with growth str
Slide 12: Living Landscapes - Potential in a fragmented but growing market
Living Landscapes - Potential in a fragmented but growing market Product Focused Service Focused Product & Distribution Applied Services Consultancy UK and European1 product supply market size (B2B only) UK and European1 environmental UK & European1 environmental By Product Type, illustrative applie
Slide 13: Finance Review
FINANCE REVIEW Colm Purcell, Chief Financial Officer
Slide 14: Financial Summary FY 2024
FINANCIAL SUMMARY FY 2024 -18.0% on a constant currency basis €2,045.7m Revenue +7.8% volume growth FY23 €2,456.2m +1.2% acquisition contribution -8.7% on a constant currency basis €83.5m Operating Profit -10.8% Agriculture businesses, on a constant currency basis FY23 €90.8m +5.8% Living Landscapes
Slide 15: Strong Balance Sheet
STRONG BALANCE SHEET Cashflow FY 2024 FY 2023 Cash Flow Free cash flow (FCF) €6.2M €104.4M Impacted by timing of suspended supplier payment subject to sanctions FCF Conversion % 12.7% 178.2% FCF conversion of 115% over three Target >80% years Balance Sheet FY 2024 FY 2023 Balance Sheet Net (Debt)/Ca
Slide 16: 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. €34.1M Strategic capex Largely IT investment Ongoing investment in capacity and capability expansio
Slide 17: Strategic Ambition
STRATEGIC AMBITION Cumulative targets FY22 to FY26 Cumulative Group €415M €294M 71% Operating Profit Target Delivered FY22-FY26 FY22-FY24 Target delivered to date Free Cash Flow €325M €219M 67% Target FY22-FY26 Delivered FY22-FY24 >80% avg. cash conversion 115% avg. cash conversion Target delivered
Slide 18: Strategic Update
STRATEGIC UPDATE
Slide 19: Origin's Customer Offerings
ORIGIN’S CUSTOMER OFFERINGS Agriculture Living Landscapes Arable and Horticulture Agriculture Sports & Urban and Rural green Biodiversity and livestock farming retail Recreation infrastructure Renewable energy Agronomy, seed, nutrition, crop protection, biologicals Holistic Offering & Expertise Turf
Slide 20: Strategic Focus to FY26
Optimise Develop Living 2030 Macro Landscape Agricultural Core Landscapes Core Preparation Financial discipline Grow LL Product mix Working capital and to 30% of Operating Profit Continue migrating to products that ROCE focus by end FY26 sustainably improve grower yields STRATEGIC FOCUS TO FY26 Flex
Slide 21: FY 2024 ESG Achievements
Our ESG Strategy – Nurturing Growth FY 2024 ESG Achievements Nurturing Empowering our people to create an inclusive and Our Society engaged workforce Transitioning product Accelerating investment in Safeguarding value chain workers, communities and consumers portfolio to adopt green- emerging na
Slide 22: Summary
SUMMARY Achievements and strengths Next 12 months Resilient FY24 performance despite challenging operating conditions Maintain our disciplined approach to capital allocation and driving shareholder returns • Agriculture businesses maintain strong market share and cash generation with good volume gro
Slide 23: originenterprises.com
originenterprises.com
Slide 24: Appendix
ENTERPRISES Appendix
Slide 25: Income Statement Highlights
Income Statement Highlights 2024 2023 €’M €’M Change Group revenue 2,045.7 2,456.2 (410.5) Group operating profit1 Agriculture 71.6 79.7 (8.1) Living Landscapes 11.9 11.1 0.8 Associates and joint venture2 6.4 4.0 2.4 Total group operating profit1 89.9 94.8 (4.9) Finance expense, net (18.6) (13.0) (5
Slide 26: Balance Sheet
Balance Sheet 2024 2023 €’M €’M Tangible assets 200.6 180.2 Goodwill and intangible assets 308.9 299.9 Associates and joint venture 45.4 53.2 Working capital 12.0 (50.0) Deferred and contingent acquisition consideration (9.4) (50.4) Post employment benefit surplus 6.7 2.6 Provisions for liabilities
Slide 27: Alternative performance measures
Alternative performance measures Certain financial information set out in this Annual Report is not defined under International Financial Reporting Standards (‘IFRSs’). These key Alternative Performance Measures (‘APMs’) represent additional measures in assessing performance and for reporting both i