Hagar Hf. · OMXICE:HAGA

Hagar Hf — Q2 2023/24 Earnings Presentation

24 slides from Hagar Hf's earnings presentation, Oct 19, 2023

  1. Slide 1: Presentation of Q2 results 2023/24

    Presentation of Q2 results 2023/24 Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO October, 19th, 2023 *This presentation is translated from the Icelandic version which was published on October 19th, 2023. Should there be discrepancies between the two versions, the Icelandic version will take prio

  2. Slide 2: Overview

    Overview Highlights from operations Financial statements Status and prospects 2

  3. Slide 3: Quarter in a nutshell: Key figures

    Quarter in a nutshell: Key figures Q2 2023/24 (changes from Q2 2022/23) 45.3 b.ISK. 4,5 b.ISK. 2,1b.ISK. sales EBITDA* profit* 4,4% 2,4% 12,4% 21,9% 12,5% 36,3% gross margin salaries- and cost ratio equity ratio 2,5%points 0,9%points 1,9%points * One-off items regarding the Klasi transactions from L

  4. Slide 4: This stands out in the quarter

    This stands out in the quarter  Hagar’s operations proceeded well through the summer months, both in groceries and fuel sections of the Group  Activities in groceries increase measured in number of visits and sold units - total sale of fuel litres increase slightly from last year  Grocery supplie

  5. Slide 5: Stores and Warehouses: Revenue stronger and activities continue to increase

    Stores and Warehouses: Revenue stronger and activities continue to increase Income statement Q2 2023/24 (m.ISK)  Revenue from groceries, specialty products and Q2 '23/24 Q2 '22/23 Δ %Δ warehouses increased by 14% between the years and amounted to 30.8 b.ISK Income 30.775 26.989 3.786 +14,0%  Reven

  6. Slide 6: Bónus: Extensive increase in visits and intensive revenue growth

    Bónus: Extensive increase in visits and intensive revenue growth  Sales in Q2 amounted just over 22 b. ISK and rose by just under 19% from the previous year - revenue also strengthens between the years  Activities continue to grow - number of customers and sold units increase considerably between

  7. Slide 7: Bónus: Manager retires at the end of year

    Bónus: Manager retires at the end of year…  As announced at the end of September Mr. Guðmundur Marteinsson will retire from his post as Bónus Manager at the coming new year  Guðmundur has worked at Bónus for over 30 years but during this time he has served almost all posts at Bónus  For the most

  8. Slide 8: Bónus: Mr. Björgvin Víkingsson has been employed as Manager

    Bónus: Mr. Björgvin Víkingsson has been employed as Manager  Mr. Björgvin Víkingsson has been employed as Bónus Manager from and including January 1st 2024  Björgvin has acquired a thorough knowledge of Bónus in the past months, but from May 1st he has served as assistant Manager and logistics man

  9. Slide 9: Hagkaup: Growing visits and continuing technical implementation

    Hagkaup: Growing visits and continuing technical implementation  Sales in Q2 amounted just over 5.6 b.ISK and grew by about 6% from the previous year - revenue in line with plans and similar between the years  Customers visits growing between the years, but sold units decrease slightly  Emphasis

  10. Slide 10: Olís: Strong sales in retail and to bulk users - revenue improves

    Olís: Strong sales in retail and to bulk users - revenue improves Income statement Q2 2023/24 (m.ISK)  Revenue in Q2 amounted to 15.1 b.ISK and decreased Q2 '23/24 Q2 '22/23 Δ %Δ by 17% between the years - World fuel market price lower than in the previous year Income 15.103 18.134 -3.031 -16,7% 

  11. Slide 11: Overview

    Overview Highlights from operations Financial statements Status and prospects 11

  12. Slide 12: Increased activities and strong revenue in Q2

    Increased activities and strong revenue in Q2 Income statement Q2 2023/24 (m.ISK)  Sales in Q2 grew by 4.4% between the Q2 '23/24 Q2 '22/23 Δ %Δ years or by1.9 b.ISK Sales 45.309 43.399 1.910 +4,4%  Margin in ISK amounted to 9.9 b.ISK and grew by 18.1% in Q2 Gross profit 9.903 8.383 1.520 +18,1% 

  13. Slide 13: Excellent first half year behind with margin improvements

    Excellent first half year behind with margin improvements Income statement 6M 2023/24 (m.ISK)  Sales in 6M grew by 6.4% between the years or by 5.2 b.ISK 6M '23/24 6M '22/23 Δ %Δ  Stores and warehouse sales increase amounted to 16.5% but 11.4% reduction Sales 86.799 81.612 5.187 +6,4% observed at

  14. Slide 14: Margin ratios give in due to last years one-off items

    Margin ratios give in due to last years one-off items Operational key factors (6M 2019/20 – 6M 2023/24) Sales (b.ISK.) Gross margin (%)  Continuing excellent turnover growth between the years - propelled by Sales and 86.8 22.0 22.1 81.6 21.3 19.5 20.7 gross 59.5 66.9 increased activity and the effe

  15. Slide 15: Strong cash flow and cash 2.7 b.ISK at the end of the period

    Strong cash flow and cash 2.7 b.ISK at the end of the period Cash flow statement 6M 2023/24 (m.ISK) 6M 2023/24 6M 2022/23 Change  Cash from operations for the period Profit for the period 2,737 3,304 -567 amounted to 5.8 b.ISK and grew compared to previous year by 1.0 b.ISK Adjustments 4,145 2,774

  16. Slide 16: Strong economy at the end of the period

    Strong economy at the end of the period Balance sheet 31st August 2023 (m.ISK)  Fixed assets increased by 2.5 b.ISK from years end 2022/23 31. 8. 28. 2. 31. 8. 28. 2. 2023 2023 %Δ 2023 2023 %Δ  Current assets amounted t. 22.5 b.ISK and increased by 966 m.ISK from years Property, plant and equipmen

  17. Slide 17: Equity ratio approaching the board's objectives

    Equity ratio approaching the board’s objectives Economic key factors (6M 2019/20 – 6M 2023/24)  Return on equity 16.4% the last 12 Return on equity (%) Equity ratio (%) months Share- 18.6 39.7 40.8 40.7  The equity ratio at the end of Q2 was 16.4 38.2 36.3 holders 14.2 14.7 36.3% and approaching t

  18. Slide 18: Overview

    Overview Highlights from operations Financial statements Status and prospects 18

  19. Slide 19: Market price and largest shareholders

    Market price and largest shareholders Market price Closing price 31.08.2023: 68.5 ISK / share 90 80 70 60 50 40 1.5.2020 1.9.2020 1.1.2021 1.5.2021 1.9.2021 1.1.2022 1.5.2022 1.9.2022 1.1.2023 1.5.2023 1.9.2023 Date Largest shareholders, shares held at end of 31.08.2023 1. Gildi – Pension fund 19,8%

  20. Slide 20: Earning per share has grown in the last quarters

    Earning per share has grown in the last quarters Accumulated earnings per share last 12 months (ISK per share)  Earnings per share have been rising in last quarters and the accumulated +97% 4,28 4,37 4,40 4,17 profit now is 3.95 ISK per share for the 3,95 0,71* 0,71* last 12 months 3,57 3,47 3,67 0

  21. Slide 21: Status and prospects

    Status and prospects  Operations have been successful in the last few month and future prospects are good : - General growth in number of customers and sold units - Most economical grocery basket - New pillars in operations (e.g. Eldum rétt) - Continuation in optimising operations  The financial s

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  23. Slide 23: Disclaimer

    Disclaimer On behalf of Hagar, attention is drawn to 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 publication of the presentation or by any discussion by the com

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Hagar hf. — Q2 2023/24 Earnings Presentation on 6ix