Hagar Hf. · OMXICE:HAGA
Hagar Hf — Q3 2022/23 Earnings Presentation
24 slides from Hagar Hf's earnings presentation, Jan 13, 2023
Slide 1: Presentation of results for 3rd quarter 2022/23
Presentation of results for 3rd quarter 2022/23 Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO January 13th 2023 *This presentation is translated from the Icelandic version which was published on January 13th, 2023. Should there be discrepancies between the two versions, the Icelandic version wil
Slide 2: Overview
Overview Highlights from operations Financial statements Status and prospects 2
Slide 3: Quarter in a nutshell: Key figures
Quarter in a nutshell : Key figures Q3 2022/23 (changes from Q3 2021/22) 40.2 b.ISK 2.6 b.ISK 0.9 b.ISK sales EBITDA profit 19.9% 2.5% 8.2% 18.2% 13.2% 37.8% margin ratio salaries- and costs ratio equity ratio 2.5%pt. 0.3%pt. 2.5%pt. 3
Slide 4: This stands out in the quarter
This stands out in the quarter Hagar's operations excellent during the quarter with continued turnover growth compared to the same period last year - results improve due to one-off-items Activity in grocery retail continues to increase, measured in units sold and number of customers - sales in f
Slide 5: Stores and warehouses: Increased activity but revenue decreases
Stores and warehouses : Increased activity but revenue decreases Income statement Q3 2022/23 (m.ISK) Revenue from groceries, specialty articles and Q3 '22/23 Q3 '21/22 Δ %Δ warehouses increased just over 13% between the years and amounted to 26.2 b.ISK - EBITDA was Income 26.217 23.168 3.049 +13,2
Slide 6: Bónus: Customers have confidence in Bónus - new stores this summer
Bónus: Customers have confidence in Bónus - new stores this summer Sales in Q3 amounted to just under 18.1 b.ISK and grew by 19% from the previous year Number of customers and sold units still increases considerably between the years - reflects the confidence customer have in Bónus to offer the
Slide 7: Hagkaup: Improved online store and new exciting business partners
Hagkaup: Improved online store and new exciting business partners Sales in Q3 amounted to just over 5.6 b.ISK, compared to last year Sold units decrease slightly between the years but visits increase - pleasant in the light of more extensive travel of nationals abroad Upgrading of stores in pr
Slide 8: Olís: Revenue increase and continuing alteration work
Olís: Revenue increase and continuing alteration work Income statement Q3 2022/23 (m.ISK) Revenue in Q3 amounted to 14.8 b.ISK and grew by Q3 '22/23 Q3 '21/22 Δ %Δ 35% between the years - EBITDA amounted to 840 m.ISK (5.7%), slightly above the previous year Income 14.833 10.993 3.840 +34,9% Expens
Slide 9: The Group: Changed organisation of Hagar - new fundamentals in operation
The Group: Changed organisation of Hagar - new fundamentals in operation During the past year, work was done on changes to the composition of Hagar in accordance with the formulated strategy New supports in Hagar’s operations which can especially be mentioned are: - Klasi: One-third share purcha
Slide 10: Labour agreements: Rising operational costs - emphasis on efficiency
Labour agreements: Rising operational costs - emphasis on efficiency The recently signed labour agreements will have a significant impact on the labour costs of companies within the Hagar Group The labour agreements affected operations in the 3rd quarter as they were retroactive to November 1st
Slide 11: Overview
Overview Highlights from operations Financial statements Status and prospects 11
Slide 12: Sales grew in Q3 but margin ratio decreases
Sales grew in Q3 but margin ratio decreases Income statement Q3 2022/23 (m.ISK) Sales in Q3 grew by 19.9% between the Q3 '22/23 Q3 '21/22 Δ %Δ years or by 6.7 b.ISK Sales 40.220 33.551 6.669 +19,9% Margin in ISK grew by 385 m.ISK or by 5.6% but margin ratio decreased by 2.5%- Gross profit 7.301
Slide 13: Good results effected by one-off-items
Good results effected by one-off-items Income statement 9M 2022/23 (m.ISK) Sales 9M grew by 21.3% between the 9M '22/23 9M '21/22 Δ %Δ years or by 21.4 b.ISK Sales 121.832 100.470 21.362 +21,3% The number of sold units in grocery retail grew by 4.9% in the first 9M and Gross profit 23.248 21.149
Slide 14: Extensive sales increase but decreasing margin ratio characteristic for the development
Extensive sales increase but decreasing margin ratio characteristic for the development Operational key factors (9M 2018/19 – 9M 2022/23) Sales (b.ISK) Gross margin (%) Sales has increased significantly in recent years but the margin ratio has Sales and 121,8 24,1 gross 100,5 22,1 21,9 21,1 19,1 b
Slide 15: Cash increases in the period
Cash increases in the period Consolidated cash flow 9M 2022/23 (m.ISK) Cash from operations in the period 9M 2022/23 9M 2021/22 Change amounted to just under 6.6 b.ISK and decreased compared to previous year Profit for the period 4.214 3.277 937 by 472 m.ISK Extensive changes in current assets A
Slide 16: Strong financial standing at the end of the period
Strong financial standing at the end of the period Consolidated balance sheet 30th November 2022 (m.ISK) Non-current assets increased by 5.0 30. 11. 28. 2. 30. 11. 28. 2. b.ISK from the end of the year 2021/22 - %Δ %Δ 2022 2022 2022 2022 mostly due to Hagar's purchase of a shares in Klasi and Eldu
Slide 17: Return on equity increased in recent years
Return on equity increased in recent years Economic key factors (9M 2018/19 – 9M 2022/23) Return on equity 18.6% for the last 12 months compared to 16.3% at the previous Return on equity (%) Equity ratio (%) year Share- 18,6 45,0 Equity ratio at the end of 9M was 37.8% holders 16,3 39,5 39,8 40,
Slide 18: Overview
Overview Highlights from operations Financial statements Status and prospects 18
Slide 19: Market share price and largest shareholders
Market share price and largest shareholders Share price Closing price 30.11.2022: 74,0 kr. / share 90 80 70 60 50 40 1.4.2020 1.7.2020 1.10.2020 1.1.2021 1.4.2021 1.7.2021 1.10.2021 1.1.2022 1.4.2022 1.7.2022 1.10.2022 1.1.2023 Date Largest shareholders, ownership at end of 30.11.2022 1. Gildi - pen
Slide 20: Earnings per share have grown in recent quarters
Earnings per share have grown in recent quarters Accumulated earnings per share in the recent 12 months (ISK. per share) Earnings per share have increased in 82% (117% with Klasi) recent quarters, and the accumulated 4.28 4.37 profit is now 3.66 ISK per share for the last 12 months, but 4.37 ISK p
Slide 21: Status and prospects
Status and prospects Operation has returned to a more normal state compared to the last two years, as the effects of COVID have faded - a significant increase in tourists and traveling of nationals Continued turmoil in the raw material and energy markets - increased production costs and weaker e
Slide 22: .hagar
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Slide 23: Disclaimer
Disclaimer On behalf of Hagar, attention is drawn to that the statements and information in this presentation are based on, as appropriate, the plans and estimates of the company's directors, but not on facts that may be verified at the publication of the presentation or by any discussion by the com
Slide 24: .hagar
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