Rogers Sugar Inc. · TSX:RSI
Rogers Sugar — Q4 2024 Earnings Presentation
17 slides from Rogers Sugar's earnings presentation, Nov 28, 2024
Slide 1: Fourth Quarter 2024 Investor Presentation
FOURTH QUARTER 2024 Investor Presentation Rogers Sugar Inc. TSX: RSI November 28, 2024 The Canadian Leader In Quality Sugars And Sweeteners Since 1888
Slide 2: Forward-looking Statements
Forward-looking Statements This report contains statements or information that are or may be “forward-looking statements” or “forward-looking information” within the meaning of applicable Canadian securities laws. Forward- looking statements may include, without limitation, statements and informatio
Slide 3: Our Strategy
Our Strategy Rogers Sugar Inc. TSX: RSI The holding company of Lantic Inc. We seek to generate consistent, profitable and sustainable growth by optimizing our business to take advantage of demand trends in Sugar and to drive stronger performance and margins in Maple. Lantic makes sugar and other Lan
Slide 4: Investment Highlights
Investment Highlights • Rogers is further optimizing and growing its business through the "Rogers Refined" program to drive strong results and harness supportive demand trends. • A focus on consistent, profitable and sustainable growth has generated a third consecutive year of strong financial resul
Slide 5: Rogers Refined
Rogers Refined Better company, STRATEGIC Modernizing, Driving Maintaining a Advancing better FOCUS optimizing and profitability strong balance our ESG growing in Sugar in Maple sheet program investment. LONG-TERM Modernized, expanded Automated and efficient Balanced financing ESG leadership where it
Slide 6: Q4 Highlights
Q4 Highlights Continued strong Consolidated Revenues performance in both Sugar and Maple $333M 8% segments Consolidated Adjusted EBITDA Construction well $38M 34% underway for LEAP project Free Cash Flow [trailing 12 months] Executing on Rogers $73M 60% Refined roadmap, and seeing results ROGERS SUG
Slide 7: 2024 Highlights
2024 Highlights “We are proud to report a Consolidated Revenues third consecutive year of strong profitability, driven by $1.2B 11.5% both of our business segments. Our relentless focus on strategy and Consolidated Adjusted EBITDA business execution has $142M 28% resulted in significant growth in re
Slide 8: An Update on LEAP
An Update on LEAP LEAP will expand our production capacity by an estimated 100,000 metric tonnes Progress Updates • Planning and design phases are complete, • Total cost estimate to complete is $280- construction phase is underway $300 million • Equipment has been ordered and is • Contributors to up
Slide 9: Favourable Market Dynamics Supporting RSI
Favourable Market Dynamics Supporting RSI • Well established tradition of excellence. RSI is well position to take advantage of the sugar market • Direct access to North American sugar market - One of the largest sweetener markets in the world. • Well established tradition of excellence • Integrated
Slide 10: Fourth Quarter Results
FOURTH QUARTER RESULTS
Slide 11: Q4: Revenue and Profit Growth from Sugar and Maple
Q4: Revenue and Profit Growth from Sugar and Maple • Healthy market conditions in both Sugar and Maple segments • Revenues increased by 8% - favourable pricing from market conditions • Adjusted EBITDA increased by 34% to $38 million • Maple delivering fifth strong quarter in a row, solidifying the r
Slide 12: 2024: Strong Results from Both Segments
2024: Strong results from Both Segments • Revenue increased 11.5% to $1.23 billion • Adjusted EBITDA increased 28% to $142 million REVENUE ADJUSTED EBITDA ($millions) 11.5% ($millions) 28% 1 200 140 120 1 000 100 800 80 600 60 400 40 200 20 MAPLE SUGAR 0 0 2023 2024 2023 2024 ROGERS SUGAR INC. – Q4
Slide 13: Q4: Strong Markets Drive Growth in Sugar
Q4: Strong Markets Drive Growth in Sugar • Sugar revenues increased by 6.5% to $273 million • Sugar adjusted EBITDA increased by 45% to $34 million • Margin benefit from robust sugar price and contribution from refining-related activities • Sugar accounted for almost 90% of consolidated adjusted EBI
Slide 14: 2024: Continued Growth in Sugar
2024: Continued Growth in Sugar • Sugar revenues increased 12% to $998 million • Sugar adjusted EBITDA increased 27% to $124 million REVENUES ADJUSTED EBITDA ($millions) +12% ($millions) +27% 1 000 100 900 90 800 80 700 70 600 60 500 50 400 40 300 30 200 20 100 10 0 0 2023 2024 2023 2024 ROGERS SUGA
Slide 15: Q4: Solid Revenue Growth in Maple
Q4: Solid Revenue Growth in Maple • Maple revenues increased by 16% to $60 million • Maple fifth straight quarter of strong financial results • Shows benefits of historical investment in automation and process efficiency • Strong maple crop supported partial inventory replenishment to drive future r
Slide 16: 2024: Recovery of Maple Segment
2024: Recovery of Maple Segment • Maple revenues increased by 11% to $235 million • Maple adjusted EBITDA increased by 36% to $18 million • Maple full-year adjusted gross margin improved to 10.3% REVENUES ADJUSTED EBITDA ($millions) ($millions) +11% +36% 250 20 200 15 150 10 100 5 50 0 0 2023 2024 2
Slide 17: Outlook for 2025
Outlook for 2025 • We expect consistent financial performance in 2025 • 2024 is a strong earning benchmark for our business: we expect continued profitability in Sugar and strength in Maple into 2025 • Rogers Refined framework gives roadmap for future growth • 2025 will see major progress on LEAP ex