Hagar Hf. · OMXICE:HAGA
Hagar Hf — FY2024/25 Earnings Presentation
30 slides from Hagar Hf's earnings presentation, Apr 16, 2025
Slide 1: Presentation of Hagar's Management's report 2024/25 and Q4 results
Presentation of Hagar’s Management’s report 2024/25 and Q4 results Strong operating year and core functions expanded to Faroe Islands Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO April, 16th, 2025 *This presentation is translated from the Icelandic version which was published on April 16th, 202
Slide 2: Overview
Overview Highlights from operations Financial statements Status and prospects 2
Slide 3: Year in a nutshell: Key figures
Year in a nutshell: Key figures 12M 2024/25 (changes from 12M 2023/24) 180.3 b.ISK 14.7 b.ISK 7.0b.ISK sales EBITDA Profit* 4.1% 12.8% 39.4% 22.8% 15.1% 36.6% gross margin salaries and cost ratio equity ratio 2.0%points 1.5%points 0.4%points In Q4 2024/25 the P/F SMS in Faroe Islands became a part o
Slide 4: Quarter in a nutshell: Key figures
Quarter in a nutshell: Key figures Q4 2024/25 (changes from Q4 2023/24) 46.0 b.ISK 3.9 b.ISK 3.1bISK sales EBITDA profit* 7.6% 35.8% 157.4% 250% 17.3% 36.6% gross margin ratio Salaries and cost ratio equity ratio 4.1%points 2.7%points 0.4%points In Q4 2024/25 the P/F SMS in Faroe Islands became a pa
Slide 5: External effects: Inflation down but world market fuel prices stable in Q4
External effects : Inflation down but world market fuel prices stable in Q4 Consumer Price Index, annual change, % 12.5 Inflation decreased 9.9 9.5 8.9 slightly in the period 10.0 7.6 7.7 8.0 7.9 8.0 7.7 7.5 6.7 6.6 6.8 6.0 6.2 5.8 6.3 6.0 and settled at 4.2% - 5.4 5.1 4.8 4.8 4.6 5.0 4.2 3.8 infl
Slide 6: Operations: This stands out in the quarter
Operations: This stands out in the quarter Grocery store operations performed well with continued customer increase - units sold decreased slightly, but the changed mix of the customers basket had a significant impact Olís‘s excellent performance in Q4 despite a decrease in liters sold between y
Slide 7: Segment #1: Operation comparable to last year but better profits
Segment #1: Operation comparable to last year but better profits Stores and Warehouses (Iceland) - Income statement Q4 2024/25 (m.ISK) Q4 '24/25 Q4 '23/24 Δ %Δ Income from groceries, specialty products and Income 33.009 32.165 844 +2,6% warehouses amounted to 33 b.ISK and grew by just under 3% yea
Slide 8: Bónus: Strong year, increased visits, inexpensive shopping
Bónus: Strong year, increased visits, inexpensive shopping Sales in Q4 amounted to 22.8 b.ISK and grew by 3% from previous year - the company’s operations proceeded well, and the profits stronger between the years Continued increased activity as the number of customers continues to increase and
Slide 9: Hagkaup: Year of innovation and improved service
Hagkaup: Year of innovation and improved service Sales in Q4 amounted to 7.2 b.ISK and grew by 2% from previous year, but the profits declined just between the years Visits similar as last year and strong in a historical context, but sold units are slightly down from last year - changed composit
Slide 10: Segment #2: Robust end to an excellent operating year
Segment #2: Robust end to an excellent operating year Olís - Income statement Q4 2024/25 (m.ISK) Q4 '24/25 Q4 '23/24 Δ %Δ Income in Q4 amounted to 10 b.ISK and declined by Income 10.013 11.051 -1.038 -9,4% 9.4% year on year - world market fuel price lower this year but in the comparative year and
Slide 11: Segment #3: SMS in Faroe Islands a superb addition to Hagar
Segment #3: SMS in Faroe Islands a superb addition to Hagar Stores and warehouses (Faroe Islands) - Income statement Q4 2024/25 (m.ISK) Q4 '24/25 Q4 '23/24 Δ %Δ Income in Q4 amounted to 3,650 m.ISK and EBITDA Income 3.650 0 3.650 - amounted to 523 m.ISK, or 14.3% of income Expenses -3.127 0 -3.127
Slide 12: Revaluation: Effects of changed accounting method amounted to 6.595 m.ISK
Revaluation: Effects of changed accounting method amounted to 6.595 m.ISK At the end of year, Hagar's board of directors decided to change the accounting method of investment properties, and are Change in non-current assets from previous annual statements 2023/24, m.ISK they now booked at fair val
Slide 13: Sustainability: Carbon footprint decreases and employee satisfaction increases
Sustainability: Carbon footprint decreases and employee satisfaction increases Ongoing work to adapt provided information to the EU CSRD Directive - considerable uncertainty about when the directive will be enacted and for which companies, but due to Hagar’s size it will likely apply to Hagar Ha
Slide 14: The year: Important milestones that will support growth and profitability
The year: Important milestones that will support growth and profitability When looking back over the 2024/25 operating year, it can be seen that operations proceeded well, and the year's results strengthened extensively - at the same time, major milestones were achieved that will support the compa
Slide 15: Overview
Overview Highlights from operations Financial statements Status and prospects 15
Slide 16: SMS in Faroe Islands a new segment in operations of Q4
SMS in Faroe Islands a new segment in operations of Q4 Income statement Q4 2024/25 (m.ISK) Q4 '24/25 Q4 '23/24 Δ %Δ Sale in Q4 amounted to 46.0 b.ISK and grew Sales 46.037 42.788 3.249 +7,6% by 7.6% year on year - nearly unchanged sales Gross profit 11.508 8.952 2.556 +28,6% year on year excluding
Slide 17: Improved profits and increased activity in the Group's core business
Improved profits and increased activity in the Group's core business Income statement 12M 2024/25 (m.ISK) 12M '24/25 12M '23/24 Δ %Δ Sales within the year amounted to 180.3 b.ISK Sales 180.342 173.270 7.072 +4,1% and grew by 4.1% year on year or 7.1 b.ISK Gross profit 41.104 35.989 5.115 +14,2%
Slide 18: Gross profit strengthens and revenue ratios increase somewhat
Gross profit strengthens and revenue ratios increase somewhat Operational key factors (12M 2020/21 – 12M 2024/25) Good sales growth in recent years - Sales (b.ISK) Gross margin (%) driven by increased operating activity and the impact of inflation Sales and gross 162.0 173.3 180.3 22.2 20.9 19.1 2
Slide 19: Cash from operating activity amounted to 11.1 b.ISK in the year
Cash from operating activity amounted to 11.1 b.ISK in the year Cash flow statement 12M 2024/25 (m.ISK) 12M 2024/25 12M 2023/24 Change Cash from operating activity amounted just under 11.1 b.ISK in the 7,030 5,044 1,986 Profit for the period year and increased by 2.4 b.ISK from the comparative yea
Slide 20: New accounting method for the company's investment properties
New accounting method for the company's investment properties Balance Sheet February 28th 2025 (m.ISK) Non-current assets amounted to 81.9 28.02. 29.2. 28.02. 29.2. 2025 2024* %Δ 2025 2024* %Δ b.ISK and increased by 24.8 b. ISK - mainly effects due to SMS and changed Property, plant and equipment
Slide 21: Return on equity increases considerably between the years
Return on equity increases considerably between the years Economic key factors(12M 2020/21 – 12M 2024/25) Return on equity 24.3% in last 12 months and increased quite from the Return on equity (%) Equity ratio (%) comparative period Share- 24.3 40.9 41.0 38.8 37.0 36.6 Equity at the end of the y
Slide 22: Overview
Overview Highlights from operations Financial statements Status and prospects 22
Slide 23: Market price and largest shareholders
Market price and largest shareholders Market price Market price 28.02.2025: 102,0 ISK / share 110 100 90 80 70 60 50 40 1.7.2020 1.1.2021 1.7.2021 1.1.2022 1.7.2022 1.1.2023 1.7.2023 1.1.2024 1.7.2024 1.1.2025 Date Largest shareholders, shares held at end of 28.02.2025 1. Gildi - Pension fund 17.5%
Slide 24: Earnings per share continue to strengthen
Earnings per share continue to strengthen Cumulative basic earnings per share for the last 12 months (ISK per share) Earnings per share continue to increase and are now 5.56 ISK per share for the last 12 months, but 177% (222% including SMS**) 6.47 ISK per share if one-time 6.47 effects due to fai
Slide 25: Status and prospects
Status and prospects Operations proceeding well and excellent outlook - Operations of main sections proceeding well - operational efficiency has increased and service offerings have been improved - Focused investment in business development to strengthen the company's progress and create new profi
Slide 26: Questions?
Questions? 26
Slide 27: Companies within the Hagar Group in Iceland
Companies within the Hagar Group in Iceland ASSOCIATES WITHIN THE GROUP Bónus is a chain of discount Hagkaup is a leading retail Olís specialises in the sale and Eldum rétt offers it’s customers stores that, from its founding, company which emphasises on service of fuel and other oil food packages t
Slide 28: Companies within the Hagar Group in Faroe Islands
Companies within the Hagar Group in Faroe Islands Bónus is a nationwide chain of Miklagarður is a hypermarket Mylnan is a combination of a SMS operates four restaurants affordable grocery stores in the offering a wide range of convenience store and a in the main shopping mall, i.e. Faroe Islands, kn
Slide 29: Disclaimer
Disclaimer On behalf of Hagar, attention is drawn to the fact that the statements and information in this presentation are based on, as appropriate, the plans and estimates of the company's directors, but not on facts that may be verified at the time of publication or by any discussion by the compan
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