Imc S.a. · GPW:IMC

Imc — Investor Presentation (August 2022)

33 slides from Imc's investor presentation, August 2022

  1. Slide 1: IMC S.A.

    IMC S.A. Listed on the Warsaw Stock Exchange August 2022

  2. Slide 2: Table of contents

    Table of contents Company overview 3-28 Appendixes 29-33 2 2

  3. Slide 3: Chapter 1: Company Overview

    CHAPTER 1 COMPANY OVERVIEW 3

  4. Slide 4: IMC - integrated agricultural business

    IMC - integrated agricultural business IMC operates 120 ths hectares of land located in the prime fertile farming regions of Ukraine (Poltava, Chernihiv, Sumy) Crop farming Major crops: corn, sunflower, wheat Storage - Self sufficiency with storage capacities for own crop farming segment (554 ths to

  5. Slide 5: Business segments' contribution

    Business segments’ contribution Revenue breakdown, 2021 Total: USD 181.7 mln Crop farming Dairy 98,6% farming 0,9% Storage service 0,5% Crop farming revenue breakdown, 2021 Total: USD 179.2 mln Sunflower 25% Corn 60% Wheat 15% Other 0% 5

  6. Slide 6: Milestones of development

    Milestones of development Establishment & IPO Landbank & Storage Business processes Dividend payment & expansion improvement & KPIs Strategy update 2007-2011 2012-2014 2015-2016 2017-2021 First dividend payment of EUR 1.66 mln 2007-2009 2012-2013 (2% yield) in 2017. And - Establishment of IMC with -

  7. Slide 7: Development track record

    Development track record LAND BANK, ths ha REVENUE, mln USD 181,7 137 137 137 137 130 169,6 161,4 121 124 123 120 120 138,3 140,4 131,6 114,8 124,7 126,8 83 60 64 75,2 34 36 36 38 34,8 29,1 24,9 20,2 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 GRAIN & OILSEEDS STORAGE CAPAC

  8. Slide 8: Strong export orientation in sales

    Strong export orientation in sales EXPORTED CROPS: corn wheat EXPORT DESTINATIONS Asia EU Northern Africa Middle East IMC: Share of Export Revenue 100% 80% 78% 74% 80% 68% 74% 70% 73% 74% 58% 57% 52% 60% 48% 47% 40% 20% 0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 8

  9. Slide 9: Favorable land bank location and infrastructure

    Favorable land bank location and infrastructure 1 Kyiv 2 5 3 4 UKRAINE Grain and Land under Azov Sea oilseeds Cattle Black Sea # Cluster management, storage, (01.01.2022) ths ha ths t 1 Chernihiv 28.9 102 1014 2 Nosivka 29.6 115 - 3 Pryluky 18.3 160 - • 120 ths hectares in prime fertile farming regi

  10. Slide 10: High capacity machinery park

    High capacity machinery park • Seeders: Horsch • Tractors: John Deere, New Holland, Fendt, Case • Combines: New Holland • Cultivators and harrows: Kuhn, Case, Lemken, Farmet, Salford, Quivogne • Trucks 10

  11. Slide 11: Self-sufficient storage capacities for crop farming segment

    Self-sufficient storage capacities for crop farming segment • Strategic location of silos in key farming areas and close to IMC operations • All silos are linked to national railway network and allow grain shipments to ports by railcar • Self-sufficiency in storage capacity allows IMC to control pro

  12. Slide 12: Crop production dynamics

    Crop production dynamics Ths tonnes grain & oilseeds potato 856 834 795 777 706 717 674 638 555 301 154 172 127 117 56 0 2 4 6 15 25 21 20 16 21 23 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 12

  13. Slide 13: Crop yields

    Crop yields Gross Crop Yields, t/ha 11,1 10,6 9,7 9,3 9,1 9,1 8,1 7,1 7,3 6,7 6,3 5,7 5,5 5,8 5,7 4,9 5,2 5,0 4,8 3,7 3,5 3,5 3,2 2,9 3,5 2,6 2,6 2,8 2013 2014 2015 2016 2017 2018 2019 2020 2021 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 2014 2015 2016 2017 2018 2019 2020 2021 Corn Wheat

  14. Slide 14: Spring Sowing Campaign 2022

    Spring Sowing Campaign 2022 Fallow; 32,3 Corn; 120 50,2 ths ha Wheat; 18,3 Sunflower; 19,2 *Fallow: • About 32,000 hectares in the Chernihiv region, where active hostilities took place, must be inspected for the presence of explosive devices and remnants of shells. • We plan to return these lands to

  15. Slide 15: Dairy farming

    Dairy farming Raw milk production, ths t 23,7 22,5 20,8 19,2 15,6 16,1 18,1 15,0 12,9 5,8 5,0 5,3 4,4 4,2 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Annual Yields per cow, tonnes 6,7 5,4 5,5 5,6 6,0 6,1 6,4 6,1 5,0 5,1 5,2 5,3 5,3  Taking into account low and unstable pro

  16. Slide 16: The constant flow of innovations introduced

    The constant flow of innovations introduced Modern IT-solutions are widely used at IMC, that help to have real-time control of: Decision-making process, internal business-processes Operational on-site activities, field & crops conditions Utilization of resources & field operation control Land bank c

  17. Slide 17: IMC e-portal

    IMC e-portal all internal documents – transformed into e-form quick approval and response of everyone involved 40% shorter time for resolving internal issues & questions access from everywhere (PC, tablet, phone) 17

  18. Slide 18: MAg – Mobile Agronomist

    MAg – Mobile Agronomist operative e-mapping of all field operations real-time distant control of crops quality real-time reporting on agronomists’ work database of field operations & vegetation stages history 18

  19. Slide 19: PreAgri – IMC Geoportal

    PreAgri – IMC Geoportal all IMC geodata – at one place with 24/7 access NDVI maps – tracking field conditions weather stations data drones routes, photo & video seeding rate yield maps soil analyses 19

  20. Slide 20: Wialon – GPS monitoring

    Wialon – GPS monitoring all machinery & cars tracked speed control (safety; field operations accuracy) precise field works calculations proper logistics & planning 20

  21. Slide 21: Panorama – land bank control

    Panorama – land bank control more than 30 000 land plots digitalized proper land management all data on land plots owners at one place unified register of all land lease agreements 21

  22. Slide 22: Precision Agriculture Department

    Precision Agriculture Department created in 2017 crops seeded with autopilot own RTK stations installed – high-quality signal for GPS-controlled operations obtained section control on seeders (avoiding overlaps) soil analyses done – differential fertilizers application soil cultivation with autopilo

  23. Slide 23: Innovations implemented in 2020

    Innovations implemented in 2020 Drones low-volume spraying Field View software implementation Variable rate seeding on 10% of fields Field route optimization – increase of productivity up to 6% Retrofitting Horsch Maestro with Precision Planting system Updating field boundaries with increased accura

  24. Slide 24: Innovations implemented in 2021

    Innovations implemented in 2021 Soil sampling & analysis Lime implementation on acidified fields Carbon footprint management Overall seeding rate decrease Variable rate seeding High-speed seeding Variable rate fertilizers application Spraying with lower water content Soil compaction management Manur

  25. Slide 25: Strategy 2016-2020

    Strategy 2016-2020 Operational efficiency improvement Debt reduction Payment of dividends to shareholders No land bank expansion before the introduction of agricultural land market in Ukraine Export-oriented crops growing (with focus on corn) Storage capacity modernization Continuous search and intr

  26. Slide 26: Execution of Strategy 2016-2020

    Execution of Strategy 2016-2020 Total Debt, $ mln Total debt maximum, 163,8 1 February, 2014 140,0 129,9 104,3 80,6 83,6 64,5 58,8 47,0 33,2 32,8 22,0 31.12.11 31.12.12 31.12.13 01.02.14 31.12.14 31.12.15 31.12.16 31.12.17 31.12.18 31.12.19 31.12.20 31.12.21 Dividend payment September September Augu

  27. Slide 27: Strategy 2021-2030

    Strategy 2021-2030 Cultivation of highly profitable, export-oriented crops Operational efficiency improvement Sustainable development in relation to People Land Environment Annual payment of dividends to shareholders 27

  28. Slide 28: Board of Directors and Shareholder structure

    Board of Directors Oleksandr Petrov Chairman of the Board • Alex Lissitsa Shareholder structure Executive Director, CEO • Dmytro Martyniuk IMC S.A. has been listed Executive Director, CFO on the Warsaw Stock Exchange since May 2011 • Oleksandr Verzhykhovskyi Executive Director, COO Free float; • Ole

  29. Slide 29: Chapter 1: Appendixes

    CHAPTER 1 APPENDIXES 29

  30. Slide 30: Selected Financials

    Selected Financials Income Statement $ mln 2014 2015 2016 2017 2018 2019 2020 2021 6m 2021 6m 2022 1. Financials are Revenue 138,3 140,4 124,7 126,8 131,6 169,6 161,4 181,7 84,8 44,5 audited by Baker Tilly (2010, 2011, Normalised EBITDA 57,4 66,5 59,0 39,1 50,8 39,3 71,8 110,3 91,9 29,0 2012, 2013,

  31. Slide 31: Key Ratios

    Key Ratios 6m 2014 2015 2016 2017 2018 2019 2020 2021 2022 Current ratio 1.2 1.2 2.4 2.0 2.1 1.6 2.3 2.8 3.0 Net Borrowings/Equity 4.9 1.8 1.2 0.6 0.5 0.3 0.1 0.0 0.1 Net Borrowings/EBITDA 2.2 1.5 1.3 1.5 1.1 1.1 0.2 0.0 0.7 Interest coverage 2.3 4.0 3.9 5.0 7.7 4.5 24.1 108.8 367.7 Equity/Assets 0.

  32. Slide 32: Fair value methodology for biological assets of crop farming and agriculture produce

    Fair value methodology for biological assets of crop farming and agriculture produce Winter Spring crops crops September- Sowing April – October Biological assets are booked at cost May December - Biological transformation June - March - June August Biological assets are booked at fair value Harvest

  33. Slide 33: Contact details

    Adr. 119х Lobanovskyi Valerii Avenue, business center “DemievSky”, Kyiv, 03039, Ukraine IR contact Yulia Andrushkina, y.andrushkina@imcagro.com.ua www.imcagro.com.ua 33

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