Ros Agro — Q3 2022 Earnings Presentation
27 slides from Ros Agro's earnings presentation, Nov 14, 2022
Slide 1: Ros Agro PLC Investor Presentation 3Q 2022 and 9M 2022
NOVEMBER 14TH, 2022 ROS AGRO PLC INVESTOR PRESENTATION 3Q 2022 AND 9M 2022
Slide 2: Ros Agro PLC at a Glance 2021
ROS AGRO PLC AT A GLANCE 2021 2 Diversified Strong Financial Business Leading Market Positions Sustainable Long-Term Growth Results 2021 Adj. EBITDA, RUB bn Net Profit, RUB bn Sugar 1 2 223 2017-2021 adj. EBITDA CAGR Business № № +36% +70% Sunflower oil and Industrial fats and RUB bn consumer margar
Slide 3: Table of Contents
TABLE OF CONTENTS 3 1 Summary Key Indicators (IFRS) 3Q and 9M 2022 vs 3Q and 9M 2021 3 2 Business Overview by division 11 3 Additional information 16
Slide 4: Summary Key Indicators (IFRS) 3Q and 9M 2022 vs 2021
SECTION 1 SUMMARY KEY INDICATORS (IFRS) 3Q AND 9M 2022 VS 3Q AND 9M 2021
Slide 5: 3Q 2022 Highlights
3Q 2022 HIGHLIGHTS 5 +3% -39% -6 p.p. -93% 54,8 5,2 10% 1,2 1.98 RUB bn RUB bn adj. EBITDA RUB bn Net Debt / Adj. Net Revenue adj. EBITDA margin EBITDA (LTM) Net profit +11% +17% -4% -9% 199 72 407 881 3,0 ths tn ths tn ths tn ths tn RUB bn Sugar Sales Oil&Fat and Dairy Agriculture products CAPEX Po
Slide 6: 9M 2022 Highlights
9M 2022 HIGHLIGHTS 6 +16% +15% 0 pp -96% 182,0 35,4 19% 1,3 1.98 RUB bn RUB bn adj. EBITDA RUB bn Net Debt / Adj. Net Revenue adj. EBITDA margin EBITDA (LTM) Net profit +18% +12% -5% -10% 636 205 1,199 1,382 7,6 ths tn ths tn ths tn ths tn RUB bn Sugar Sales Oil&Fat and Dairy Agriculture products CA
Slide 7: Net Revenue, Adjusted EBITDA: 3Q 2022 vs 3Q 2021
NET REVENUE, ADJUSTED EBITDA: 7 3Q 2022 vs 3Q 2021 Comments Net Revenue (IFRS) Adjusted EBITDA Million roubles Million roubles • Net Revenue increased by RUB 1,592 million (+3%) to RUB 54,796 million Adj. EBITDA margin mainly as a result of Revenue growth +1,592 in Sugar Segment. (+3%) 54,796 -3,392
Slide 8: Net Revenue, Adjusted EBITDA: 9M 2022 vs 9M 2021
NET REVENUE, ADJUSTED EBITDA: 8 9M 2022 vs 9M 2021 Comments Net Revenue (IFRS) Adjusted EBITDA Million roubles Million roubles • Net Revenue increased by RUB 24,451 million (+16%) to RUB +24,451 Adj. EBITDA margin 182,027 million as a result of Revenue (+16%) growth across all Business Segments +4,6
Slide 9: Debt Profile as of 30 September 2022
DEBT PROFILE AS OF 30 SEPTEMBER 2022 9 Comments Debt position and liquidity management 30 September 31 December Variance • Gross debt increased by RUB 73,532 million in million roubles 2022 2021 Units % (+43%) up to RUB 246,256 million Gross debt 246,256 172,724 73,532 43 Short-term borrowings 183,2
Slide 10: Finance income / expense
Finance income / expense 10 Comments Net finance income/ (expense) Net finance income in 9M 2021 in the 9M 9M Variance Variance amount of RUB 1,813 million decreased in RR million 3Q 2022 3Q 2021 2022 2021 Units % Units % to net finance expense of RUB (17,378) Net interest expense (5,775) (4,003) (1
Slide 11: Statement of Financial Position: Key changes
Statement of Financial Position: 11 Key changes 30 September 2022 vs 31 December 2021 ASSETS Assets • Cash & Investments** increased by RUB 57,162 million. For cash flow and investments details Million roubles please refer to the next slide; 6,768 382 443,794 • Receivables & prepayments increased by
Slide 12: Cash Flows: 9M 2022 vs 9M 2021
Cash Flows: 9M 2022 vs 9M 2021 12 Cash Flows according to Management view Comments (Not IFRS presentation)* RR m illion Main variances in cash flow statement line items between 9M 2022 vs 9M 2021: Variance 9M 2022 9M 2021 Units % Net cash from operating activities: Cash flow s from operating activit
Slide 13: Business Overview by Division
SECTION 2 BUSINESS OVERVIEW BY DIVISION 3Q AND 9M 2022 VS 3Q AND 9M 2021
Slide 14: Sugar Key indicators 3Q 2022 vs 3Q 2021
Sugar 14 Key indicators 3Q 2022 vs 3Q 2021 Comments Sales Volumes of Sugar Production Volumes of Sugar Thousand tonnes Thousand tonnes • Sales volume of sugar in 3Q 2022 increased by 11% (+19 thousand tonnes) to 199 thousand tonnes in comparison +11% to 3Q 2021. Volumes are allocated among 199 quart
Slide 15: Sugar Key indicators 9M 2022 vs 9M 2021
Sugar 15 Key indicators 9M 2022 vs 9M 2021 Comments Sales Volumes of Sugar Production Volumes of Sugar Thousand tonnes Thousand tonnes • Sales volume of sugar in 9M 2022 increased by 18% (+95 thousand tonnes) to 636 thousand tonnes in comparison to +18% 9M 2021. Sales volume increased mainly 636 bec
Slide 16: Oil & Fats Key indicators 3Q 2022 vs 3Q 2021
Oil & Fats 16 Key indicators 3Q 2022 vs 3Q 2021 Comments Sales Volumes of Oil & Fat and Dairy Products Thousand tonnes • Sales volume of Oil & Fat and Dairy products in Item 3Q 2022 3Q 2021 Variances 3Q 2022 decreased by -4% (-15 thousand Units % tonnes) to 407 thousand tonnes in meal 171 138 33 24
Slide 17: Oil & Fats Key indicators 9M 2022 vs 9M 2021
Oil & Fats 17 Key indicators 9M 2022 vs 9M 2021 Comments Sales Volumes of Oil & Fat and Dairy Products Thousand tonnes • Sales volume of Oil & Fat and Dairy products in Variances 9M 2022 decreased by 5% (-58 thousand Item 9M 2022 9M 2021 Units % tonnes) to 1,199 thousand tonnes in meal 470 443 27 6
Slide 18: Meat Key indicators 3Q 2022 vs 3Q 2021
Meat 18 Key indicators 3Q 2022 vs 3Q 2021 Comments Sales Volumes of Pork Production Volumes of Pork Thousand tonnes Thousand tonnes, in live weight for slaughtering • Sales volume of pork products in 3Q 2022 increased by 17% (+10 thousand tonnes) to 72 thousand tonnes in comparison to 3Q 2021. The g
Slide 19: Meat Key indicators 9M 2022 vs 9M 2021
Meat 19 Key indicators 9M 2022 vs 9M 2021 Comments Sales Volumes of Pork Production Volumes of Pork Thousand tonnes Thousand tonnes, in live weight for slaughtering • Sales volume of pork products in 9M 2022 increased by 12% (+22 thousand tonnes) to 205 thousand tonnes in comparison to 9M 2021. The
Slide 20: Agriculture Key indicators 3Q 2022 vs 3Q 2021
Agriculture 20 Key indicators 3Q 2022 vs 3Q 2021 Comments Sales Volumes of Agriculture Products Thousand tonnes • Sales volume of agriculture products in 3Q Variances 2022 decreased by 9% (-83 thousand Item 3Q 2022 3Q 2021 Units % tonnes) to 881 thousand tonnes in sugar beet 730 720 10 1 comparison
Slide 21: Agriculture Key indicators 9M 2022 vs 9M 2021
Agriculture 21 Key indicators 9M 2022 vs 9M 2021 Comments Sales Volumes of Agriculture Products Thousand tonnes • Sales volume of agriculture products in 9M Variances 2022 decreased by 10% (-155 thousand Item 9M 2022 9M 2021 Units % tonnes) to 1,382 thousand tonnes in sugar beet 788 720 68 9 compari
Slide 22: Additional Information
SECTION 3 ADDITIONAL INFORMATION
Slide 23: Statement of Comprehensive Income (IFRS)
Statement of Comprehensive Income (IFRS) 23 ROS AGRO PLC RUB m illion Varianсes Varianсes Description 9M 2022 9M 2021 3Q 2022 3Q 2021 Units % Units % Sales 182,027 157,576 24,451 16 54,796 53,204 1,592 3 Net gain / (loss) on revaluation of biological assets and (2,087) 10,570 (12,657) (120) (239) 11
Slide 24: Statement of Cash Flows According to Management view
Statement of Сash Flows According to Management view 24 (Not IFRS presentation) ROS AGRO PLC RUB million Variance 9M 2022 9M 2021 Units % Cash flows from operating activities Profit before income tax 922 37 522 (36 600) (98) Adjustments for non-cash and non-operating (income)/expenses, net: Deprecia
Slide 25: Statement of Cash Flows According to Management view - continuance
Statement of Cash Flows According to Management view (Not 25 IFRS presentation) - continuance ROS AGRO PLC RUB million Variance (*) Including in net 9M 2022 9M 2021 Units % cash flows on financial Cash flows from investing activities - assets related to Purchases of property, plant and equipment (7
Slide 26: Statement of Financial Position (IFRS)
Statement of Financial Position (IFRS) 26 ROS AGRO PLC RUB m illion 30 September 31 December Variances 2022 2021 Units % ASSETS 443,794 362,321 81,473 22 Current assets Cash and cash equivalents 59,200 46,462 12,738 27 Restricted cash 0 0 (0) (32) Short-term investments 64,890 21,002 43,889 209 Trad
Slide 27: Statement of Financial Position (IFRS) - continuance
Statement of Financial Position (IFRS) 27 - continuance ROS AGRO PLC RUB m illion 30 September 31 December Variances 2022 2021 Units % Liabilities and EQUITY 443,794 362,321 81,473 22 Current liabilities Short-term borrowings 183,260 108,749 74,511 69 Lease liabilities 1,163 1,131 32 3 Trade and oth