Auga Group Ab · OMXVSE:AUG1L
Auga Group Ab — Q1 2022 Earnings Presentation
23 slides from Auga Group Ab's earnings presentation, Jun 1, 2022
Slide 1: Presentation on the financial results for 3 months of 2022
aU ga Toroup PRESENTATION ON THE FINANCIAL RESULTS FOR 3 MONTHS OF 2022 AUGA group, AB
Slide 2: Presented by Mindaugas Ambrasas, CFO
PRESENTED BY YY YO 3M2022 Mindaugas Ambrasas CFO
Slide 3: Results 2022 3M: outlook is positive for Y2022, but uncertainties remain
RESULTS 2022 3M: outlook is positive for Y2022, but uncertainties remain aU ga Sales in Q1 2022 have EUR million 20223M | 20213M | Variance | 20203M decreased due to lower harvest of previous season. Revenue 17.56 19.48 -10% 17.04 Gross profit 5.65 4.51 +25% 3.74 Profitability growth is mainly Net p
Slide 4: Results by segment: Crop growing
Ne aN Results bysegment y i 2 ee aNy wing $ ‘ » ; 4
Slide 5: Crop growing: condition of crops is good
CROP GROWING _ Condition of crops is good. Larger proportion au of “less risky” cultures ) Autumn sowing took place according to plan. Cultivated land area, thousand ha Winter did not have a mo RA 123 ng . : 120 - — negative impact on crops, too 104 so = 9 A ' - 8,1 8,2 4% of area was resown with 80
Slide 6: Crop growing market trends: prices for conventional and organic grains at record highs
CROP GROWING Market trends: prices for conventional and au organic grains are at record highs ga Rapid and_ significant price changes created uncertainty in organic market, contracting of Organic vs. Conventional wheat price in Germany*, EUR/t future harvest started later this year. 600€ 550 € Organ
Slide 7: Crop growing: contracting of a new harvest
CROP GROWING _ Contracting of a new harvest As for 31.05.2022, AUGA group contracted 39% of forecasted 2022 harvest. If to exclude long term agreements — 19% of forecasted 2022 harvest is contracted. Harvest of 2022 is contracted with 51% higher prices than the harvest of 2021 (excluding long term a
Slide 8: Crop growing 2022 3M results
CROP GROWING 2022 3M results Outlook is positive for Y2022, but uncertainties remain g No changes in forecasted yields, [NS BPTYCEN ECE 2020 3M as condition of crops is good. Total cultivated land, ha 38,591 39,223 -2% 39,673 Gain on revaluation was positively [EUS en 20223M | 20213M 2020 3M impacte
Slide 9: Results by segment: Dairy
Slide 10: Dairy: milk yield and price dynamics
DAIRY Milk yield in the Q1 2022 grew by 4% YoY. Average milk price has increased by 16% in since the beginning of 2022. YY YO 3M2022 Milk yield and price dynamics au Milk yields, kg/cow/day 23,0 22,7 ae 28 22,5 2,5 223 220 22,0 ns 20 20,5 20,0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec —— 2020
Slide 11: Dairy 2022 3M results
DAIRY 2022 3M results Increasing efficiency and cost control remains the primary focus. ga As for 31032022 Group's (EEN PPB ET herd consists of 3,591 cows 7 Total quantity of products sold, t 7,324 6,565 +12% 6,963 and 3,136 heifers and bulls, aa _ _ 3%, aso compared to 3,503 cows = : i _ and 3,012
Slide 12: Results by segment: Mushroom growing
Slide 13: Mushroom growing
MUSHROOM GROWING Production output still lower by 8% compared to last year (+4% vs Q4 2021) due to: + Previously sustained production challenges; * COVID-19. Increasing costs put pressure on profitability: energy and payroll costs account for 35% of total COGS. Review of product prices is always cha
Slide 14: Mushroom growing 2022 3M results
MUSHROOM 2022 3M results q2 GROWI NG Growing costs and not fully utilized production capacities are main reasons for lower results. * Production volumes. Sold mushrooms, t 3,038 3,177 4% 3,288 Production in two months of — Average price (Eur/t) 2,255 2,246 0% 2,043 Q2: 2,011 t; a i EUR million 20223
Slide 15: Organic soups
au ge BUTTERNUT SQUASH SOUP [i CARROT au SOUP as ga ORGAN Rt onGanic BEETROOT - ie SOUP . ORGANIC CHAMPIGNON SOUP ORGANIC au ga MINESTRONE SOUP aie ORGANIC SPICY CURRY SOUP ORGANIC THREE LENTIL SOUP ORGANIC
Slide 16: FMCG 2022 3M results
FMCG Sales of main products are becoming more seasonal due to higher logistic costs. No growth in Q1, but this corresponds to Group's plans — bigger part of sales is planned for Q3. YY YO 3M2022 2022 3M results Growth of sales had stalled due to seasonality. EUR million 20223M | 20213M 2020 3M Reven
Slide 17: Financial information
Slide 18: Main factors for EBITDA change
FINANCIAL Main factors for EBITDA change aU INFORMATION EBITDA increased by 0.97 EUR million. ThEUR 9,000 8,000 1754 7,000 6,000 5,735 5,000 3,843 4,000 Crop growing | | Crop growing 3,000 1B Dairy 2,000 [1] Mushrooms 190 1,000 fi Fwce 1,522 [By IFRS 16 effect ~601 [J] Centralized OPEX 1,000 EBITDA
Slide 19: Projects to be implemented / further developed in 2022
FINANCIAL 3 projects to be implemented / further developed INFORMATION in 2022 aU ga Biomethane infrastructure The Group is planning to operate 3 facilities by Q4 2022. Specialized feed technology First prototype is already built and is in testing currently. Two main targets: a) improved milk yields
Slide 20: Share price information
FINANCIAL Share price information q2 INFORMATION AUGA group, AB share price on Nasdaq Vilnius, EUR The share price decreased by 3% (from EUR 0.503 to EUR 0.488 per share) from the beginning of 2022 to 31 May 2022. OMX Baltic Benchmark GI decreased by 10% during the same period. The average monthly t
Slide 21: More information
aU G3 YY YO 3M2022 More information: q2 * Nasdaq Vilnius, Baltic Main List: AUGIL * Nasdaq Vilnius, green bonds: AUGBO60024A * Information for investors: http://auga.lt/en/for-auqa-investors * Analyst reports, data in MS Excel format: httos://auga.lt/en/investors/reports-and-presentations ¢ News for
Slide 22: Disclaimer
DISCLAIMER QU The information on this presentation may contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to these items. We caution that no forward-
Slide 23: Organic food with no cost to nature
aU ga Toroup ORGANIC FOOD WITH NO COST TO NATURE