Hagar Hf. · OMXICE:HAGA

Hagar Hf — FY2020/21 Earnings Presentation

25 slides from Hagar Hf's earnings presentation, May 11, 2021

  1. Slide 1: Presentation of Q4 and FY 2020/21 results

    Presentation of Q4 and FY 2020/21 results Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO 11th May 2021 *This presentation is translated from the Icelandic version which was published on May 11th, 2021. Should there be discrepancies between the two versions, the Icelandic version will take priorit

  2. Slide 2: Overview

    Overview Highlights from operations Financial statement Status and prospects 2

  3. Slide 3: Quarter in a nutshell: Key figures

    Quarter in a nutshell: Key figures Q4 2020/21 (changes from Q4 2019/20) 30.6 b.ISK. 2.5 b. ISK. 846m.ISK. sales EBITDA profit 7.0% 18% 20% 22.9% 15.1% 40.9% gross margin salaries- and costs ratio equity rsatio 0.4% points 0.2% points 1.7% points 3

  4. Slide 4: Financial year in a nutshell: Key figures

    Financial year in a nutshell: Key figures FY 2020/21 (changes from FY 2019/20) 119.6 b.ISK. 8.8 b.ISK. 2.5 b.ISK. sales EBITDA profit 2.8% 1,0% 17,5% 22.2% 15.2% 40.9% gross margin salaries- and costs ratio equity ratio 0,0% points 0,2%points 1,7%points 4

  5. Slide 5: Strong operations in pandemic

    Strong operations in pandemic  Strong operations in the quarter and good results for the operational year, after weak results in the first quarter.  The COVID period and increased disease control in all fields of operations. The constant adjustment of the operation went well thanks to vigorous emp

  6. Slide 6: Recent examples: Sale of Útilíf and Reykjavík Apótek

    Recent examples: Sale of Útilíf and Reykjavík Apótek 6

  7. Slide 7: Recent examples: Optimisation and changes at Olís

    Recent examples: Optimisation and changes at Olís  In response to the COVID negative impact on Olís operations, variety of actions have been implemented in the last months, such as:  Changes at service stations, regarding service levels and opening hours  Service stations at Hamraborg and at Klöp

  8. Slide 8: Recent examples: Hagar's innovation fund, Uppsprettan

    Recent examples: Hagar‘s innovation fund, Uppsprettan  Uppsprettan is a new innovation fund on behalf of Hagar which was introduced at Hagar‘s Innovation Day in April.  The assignment of the fund is to mobilise and support entrepreneurs in innovation and development in Icelandic food production. 

  9. Slide 9: Retail and warehouses: Sales and activity never higher

    Retail and warehouses : Sales and activity never higher Financial statement 12M 2020/21 (b.ISK.)  Strong quarter Q4 where sales from groceries, 12M '20/21 12M '19/20 Δ %Δ specialty goods and warehouses increased by 17% Sales 91,7 80,8 +10,8 +13% between the years and amounted to 25.6 b.ISK. EBITDA

  10. Slide 10: Largest operational year in Bónus' history

    Largest operational year in Bónus‘ history  Sales in Q4 amounted to little less than 16 b.ISK. which is considerably more than planned and former years. Total sales in the operational year amounted to 61.5 b.ISK., also more than planned and former years.  Gross margin stronger in the quarter but s

  11. Slide 11: Citizens rediscover Hagkaup

    Citizens rediscover Hagkaup  Sales in Q4 amounted to just over 6 b.ISK. and was considerably higher than planned and in previous years. Sales for the operating year as a whole amounted to 21 b.ISK., also in excess of estimates and previous years.  Gross margin rate in line with plans, but results

  12. Slide 12: Olíuverzlun Íslands: Operations strengthen at end of the year

    Olíuverzlun Íslands: Operations strengthen at end of the year Financial statement 12M 2020/21 (b. ISK.)  Sales at Q4 amounted to 6,8 b.ISK. and decreases by 8% between years. EBITDA amounted to just 12M '20/21 12M '19/20 Δ %Δ over 400 m.ISK. (6,4%) and doubled between years. Sales 30,5 36,9 -6,4 -1

  13. Slide 13: Overview

    Overview Highlights from operations Financial statement Status and prospects 13

  14. Slide 14: Q4 sales growth and improved profitability

    Q4 sales growth and improved profitability Consolidated Financial Statement Q4 2020/21 (b.ISK.) Q4 '20/21 Q4 '19/20 Δ %Δ  Sales increase about 7% between years Sales 30,6 28,6 2,0 +7% or of about 2,0 b. ISK.  Gross margin increases about 9% and Gross profit 7,0 6,4 +0,6 +9% margin ratio increases

  15. Slide 15: A good year behind us despite the demanding operating conditions

    A good year behind us despite the demanding operating conditions Consolidated Financial Statement 12M 2020/21 (b.ISK.)  Increased sales about 3% between years where sales increase of retail and 12M '20/21 12M '19/20 Δ %Δ warehouses is little more than 13.4% but Sales 119,6 116,4 3,2 +3% sales reduc

  16. Slide 16: Sales increase in recent years, but the margin ratio is declining

    Sales increase in recent years, but the margin ratio is declining Operational key factors (12M 2016/17 – 12M 2020/21)  Effects of Olís on the Group’s sales Sales (billion ISK) Gross margin (%) first appeared in Q4 2018/19. Sales & 116,4 119,6 24,8 24,8 23,8 22,2 22,2  Gross margin has decreased in

  17. Slide 17: Net cash decreases slightly during the operating year

    Net cash decreases slightly during the operating year Cash flow overview 12M 2020/21 (b.ISK.) 12M 2020/21 12M 2019/20 Change  Change in operating assets in the Profit for the period 2,5 3,1 -0,6 previous year can be traced to changes in April 2019 due to the settlement method Adjustments 6,3 5,8 0,

  18. Slide 18: The company's financial position is strong

    The company's financial position is strong Balance sheet February 28, 2021 (b.ISK.)  Fixed assets increased by 1.4 b.ISK. 28. 2. 29. 2. 28. 2. 29. 2. due to investments in properties and 2021 2020 %Δ 2021 2020 %Δ renovation of stores. Property, plant and equipment 23,4 22,0 +7% Borrowings 9,4 12,2

  19. Slide 19: Profitability less than comparative periods but risk limited

    Profitability less than comparative periods but risk limited Economical key factors (12M 2016/17 – 9M 2020/21)  Return on equity 10,2% last 12 Return on equity (%) Equity ratio (%) months. Share- 24,7 61,1  Equity ratio at year end was 40.9% 57,8 holder 47,7 40,9 compared to 39.2% the end of last

  20. Slide 20: Overview

    Overview Highlights from operations Financial statement Status and prospects 20

  21. Slide 21: Market price and largest shareholders

    Market price and largest shareholders Market price 70 60 50 40 30 1.7.2016 1.1.2017 1.7.2017 1.1.2018 1.7.2018 1.1.2019 1.7.2019 1.1.2020 1.7.2020 1.1.2021 Date Largest shareholders (1-5), shared at closing 28.2.2021 Largest shareholders (6-10), shared at closing 28.2.2021  Gildi - Pension fund 17.

  22. Slide 22: Status and prospects

    Status and prospects  The operational year 2021/22 commences with a good start. The Management’s guidance for the year is that EBITDA will be between 8.6 to 9.1 b.ISK.  Lines clearing up on the progress of COVID in the coming months. It is estimated that the operational impact of the pandemic will

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  24. Slide 24: 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

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