Slide 1: Interim Results 2022
Interim Results 2022 8 March 2022 Prescriptive Solutions, Sustainable Production
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: Positive foundation for the full year
Positive foundation for the full year Strong operating performance Strong volume growth across all Strategic and Operating developments three segments • Immediate focus on safety and wellbeing Growth across all key financial metrics: of our employees in Ukraine following Russian invasion > Positive
Slide 4: Ireland & the United Kingdom
TRADING REVIEW Operating Profit (€’m) Ireland & the UK Ireland United Kingdom 2.8 -2.7 3.2 -9.1 > Crop input volume growth +10.1% • Larger cropping area • Favourable in-field conditions H1 2019 H1 2020 H1 2021 H1 2022 • Seed sales recovered with no repeat of FY21 inventory overhang > Global fertilis
Slide 5: Continental Europe
TRADING REVIEW Operating Profit (€’m) Continental Poland Ukraine Europe 1.1 > Underlying volume growth + 18.7% 0.7 0.6 0.1 > Input price inflation uncertainty stimulated early season demand H1 2019 H1 2020 H1 2021 H1 2022 Romania > Robust winter plantings: • Poland in line with FY21 • Romania 7.9% a
Slide 6: Latin America
TRADING REVIEW Operating Profit (€’m) Latin America Brazil 5.7 6.7 5.5 3.9 Minas Gerais State > Underlying volumes increased by 72.7% H1 2019 H1 2020 H1 2021 H1 2022 Paraná State > Growth achieved across both BAM and controlled release fertiliser product ranges > Total cropping area Financial Review
Slide 7: Financial Review
Financial Review originenterprises.com 7
Slide 8: 2022 Interim Performance
2022 Interim Performance Revenue Operating Profit Adjusted EPS Dividend per share €877m €11.1m 4.99c 3.15c 53.2% (rc1) €9.9m (rc1) 6.52c (rc1) H1 2021: 3.15c 48.2% (cc1) €9.0m (cc1) 5.94c (cc1) Finance costs Working Capital outflow Net Bank Debt Net Bank/EBITDA €4.8m €53.1m €53.7m 0.61x H1 2021: €4.
Slide 9: Group Revenue
• Group Revenue1 Period ended 31 January 1 Growth in Group Revenue +61.4% 6 months to January 2022 +6.3% Currency +54.1% +3.0% (2.0%) Underlying Acquisitions Disposals +15.0% Volume +39.1% Price 1 Excludes crop marketing revenues and volumes originenterprises.com 9
Slide 10: 2022 Interim Financial Highlights
2022 Interim Financial Highlights Period ended 31 January 2022 2021 Change Constant Currency €’m €’m €’m €’m Group revenue 877.1 572.4 304.7 275.9 Group operating profit1 Agri-Services 11.1 1.2 9.9 9.0 Associates and joint venture2 1.3 0.8 0.5 0.4 Total group operating profit 12.4 2.0 10.4 9.4 Finan
Slide 11: Group Revenue Bridge
Group Revenue Bridge Period ended 31 January 1,000 800 600 €’m 400 200 0 H1 2021 Underlying Acquisition Disposal H1 2022 (excl. currency) Currency H1 2022 originenterprises.com 11
Slide 12: Group Operating Profit Bridge
Group Operating Profit Bridge Period ended 31 January 12 10 8 €’m 6 4 2 0 H1 2021 Underlying Acquisitions/Disposals H1 2022 Currency H1 2022 (excl. currency) originenterprises.com 12
Slide 13: 2022 Interim Cash Flow
2022 Interim Cash Flow Period ended 31 January 6 months to 6 months to 12 months to Year to July 2021 January 2022 January 2021 January 2022 €’m €’m €’m €’m 83.5 Cash flow from operating activities 23.4 11.1 95.8 (4.0) Change in working capital underlying business (53.1) (98.6) 41.5 (15.8) Interest
Slide 14: Strong Credit Metrics
Strong Credit Metrics Headroom across all key banking covenants) 12 month rolling EBITDA Covenant 31 January 2022 31 January 2021 Net debt to EBITDA Maximum 3.5x 0.61x 2.76x Interest Cover Minimum 3.0x 11.10x 6.75x Cash performance reflects:) • Sustained focus on working capital management initiativ
Slide 15: Nurturing Growth
Nurturing Growth originenterprises.com 15
Slide 16: Climate change: Turning challenges into opportunities
Turning challenges into opportunities Soil Biodiversity Food security Trends in green degradation loss and nutrition space and sports turf solutions Climate change Water Pesticide Consumer trends Circular stress use > Nutrition & health economy originenterprises.com 16
Slide 17: How we are addressing opportunities
How we are addressing opportunities Protecting Improving Biodiversity & Soil Resilience & Enhancing Plant Nutrition Natural Capital Sustainable Innovative & Farming Integrated Ways & Productivity to Protect Crops originenterprises.com 17
Slide 18: Transitioning through innovation
Transitioning through innovation Protecting Improving Biodiversity & Soil Resilience & Enhancing Plant Nutrition Natural Capital Sustainable Innovative & Farming Integrated Ways & Productivity to Protect Crops originenterprises.com 18
Slide 19: Developing new products and services to rebalance existing portfolio
Developing new products and services to rebalance existing portfolio Protecting Improving Biodiversity & Soil Resilience & Enhancing Plant Nutrition Natural Capital Sustainable Innovative & Farming Integrated Ways & Productivity to Protect Crops originenterprises.com 19
Slide 20: Innovating existing products and services to reflect changes in customer preferences
Innovating existing products and services to reflect changes in customer preferences Protecting Improving Biodiversity & Soil Resilience & Enhancing Plant Nutrition Natural Capital Sustainable Innovative & Farming Integrated Ways & Productivity to Protect Crops originenterprises.com 20
Slide 21: Expanding our offering to meet new demand
Expanding our offering to meet new demand Protecting Improving Biodiversity & Soil Resilience & Enhancing Plant Nutrition Natural Capital Sustainable Innovative & Farming Integrated Ways & Productivity to Protect Crops originenterprises.com 21
Slide 22: Using digital to support the transition
Using digital to support the transition Service orientated Data driven Value creation Collaboration originenterprises.com 22
Slide 23: Positioning for growth
Positioning for growth Leading market positions which Complementary M&A Targets Related Markets support essential global food production and the amenity Proprietary $2.5Bn - Biologicals sector Products $2.7Bn $3.5Bn - • Seed Micronutrients $4.0Bn Long-term partnerships as a • Micronutrients • Fertil
Slide 24: Summary & Outlook
Summary & Outlook originenterprises.com 24
Slide 25: Outlook
Outlook Encouraging cropping profile across each geography ahead of the H2 growing season Aside from the normal weather risks, the Group will continue to focus on securing product supply, as price volatility and supply chain risks persist into H2 Limited localised operations in Ukraine in areas away
Slide 26: Thank you
Thank you originenterprises.com 26