National Agricultural Development Co. · TADAWUL:6010
National Agricultural Development — Q3 2024 Earnings Presentation
13 slides from National Agricultural Development's earnings presentation, Sep 30, 2024
Slide 1: Earnings Presentation for the Period Ended 30 September 2024
Earnings Presentation for the Period Ended 30 September 2024
Slide 2: Financial Highlights - Q3 2024
] Financial Highlights - Q3 2024 eo Revenue by Segments Gross Profit -10.3% Gross Profit Margin Q3'24 290 Q3'24 36.7% 8.1% Q3'23 324 Q3'23 37.6% 38, 5% 791 Mn 11.1% 861 Mn 29, 4% Vv Operating Profit 8.1% Operating Profit Margin Q3 2024 Q3 2023 as24 100 a3'24 12.6% Q3'23 92 Q3'23 10.7% 648 , 82% A Ne
Slide 3: Financial Highlights - YTD Sep 2024
] Financial Highlights - YTD Sep 2024 Revenue by Segments +1.8% 131, 5%2,439MIn 49 o9q 2,396 Mn 74, 3% .\\ 73, 3% 1,971 , 82% HMksA (i GccC Mi Exports [ll Protein HB Agriculture Gross Profit YTD Sep 24 YTD Sep 23 Operating Profit YTD Sep 24 YTD Sep 23 Net Income YTD Sep 24 YTD Sep 23 178 228 Gross P
Slide 4: Balance Sheet & Ratios
] Balance Sheet & Ratios nadec Sep '24 FY ‘23 ( Total Assets: SAR 5,701 Mn Total Assets: SAR 5,110 Mn ROE Sep'24 11.1% Sep'24 7.6% FY23 8.4% 26% 2 A Debt to Equity Current Ratio Sep'24 0.11 Sep'24 2.0x FY23 0.10 FY23 2.0x A Receivables Trade Payables Days Days Sep'24 74, Sep'24 FY23 83 FY23 Vv Asset
Slide 5: Cashflow Bridge
Cashflow Bridge SAR Million +360 Mn 528 “185 2 -43 1,335 Net cash Interest income from. Rights issue Cash used from oper. expense in other fin activities Bank Purchase of assets Investment in Jv (Repayment) Bank Bal. Dec incl. biological, net of loans/ Bal. Sep "23° of proceeds new loans "24 * The B
Slide 6: Net Working Capital
Net Working Capital dp) mm Net Working Capital SAR Mn ——% of Revenue 18% 19% 19% 2019 2020 2021 2022 2023 March'24 June'24 Sep'24 2019 2020 2021 2022 2023 March’24 June’24 Sep’24 Days of Inventory outstanding (DIO) 145 124 101 100 102 109 131 134 Days of Sales outstanding (DSO) 108 103 100 11 83 110
Slide 7: Debt and EBITDA/ EBIT Margins Trend
Debt and EBITDA/ EBIT Margins Trend fd yO) SAR Million 2018 2019 2020 2021 2022 2023 =YTD Sep'24 2018 2019 2020 2021 2022 2023 =YTD Sep'24 mmm Debt ——Debt/ Equity ——Debt/ EBITDA mmmRevenue ——EBITDAMargin ——EBIT Margin * Net debt includes loans minus the Cash and Cash equivalents Private and Confiden
Slide 8: Debt Maturity Profile - Average debt tenure at Year
] Debt Maturity Profile - Average debt tenure at 1 Year SAR Million 101 258 2 Upto 1 Yr 1-5 Yrs >5 Yrs m Banks ™Govt Borrowings 422 373 376 319 mSep'2024 = 2023 103 || 8 Islamic Banking Loans from SIDF & Total Facilities (Murabaha) ADF Private and Confidential
Slide 9: Appendix
Appendix Private and Confidential
Slide 10: Income Statement
] Income Statement (dl fey) nadec SAR million Revenue from Operations 2,439 2,396 Cost of Good Sold (1,527) (1,499) Gross Profit 912 898 Selling General & Admin Exp. (585) (582) Other Operating Expenses’ (31) (88) Operating Profit 295 228 Finance income/ Cost 40 (53) Share of Profit in JV 24 14 PBT
Slide 11: Summarized Balance Sheet
] Summarized Balance Sheet (de) nadec SAR million Non-Current Assets 2,644 2,695 Current Assets 3,057 2,415 Total Assets 5,701 5,110 Non-Current Liabilities 238 285 Current Liabilities 1,543 1,232 1,781 1,517 Shareholders’ Equity 3,920 3,593 5,701 5,110 Total Shareholders’ Equity and Liabilities Pri
Slide 12: Cash Flow Statement
] Cash Flow Statement fd fe) 0) nadec SAR million Net Profit 360 189 Adjustment for Non-Cash and Non-operating Items. 242 336 Cash Operating Profit Changes in working capital (46) (87) Zakat Paid (11) (4) Employee Benefits Paid (17) (16) Cash Flow from Operating Activities 528 448 Acquisition of PPE
Slide 13: efo
38. 3 ee 5 8/8 @’. efo nadec
National Agricultural Development Co. (NADEC) — Q3 2024 Earnings Presentation on 6ix