April 2024
A Global Food Security Pure Play
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INVESTOR PRESENTATION CONTENTS
AGI Overview | 2 |
Investment Highlights | 12 |
Senior Leadership Introduction | 30 |
Corporate Strategic Priorities | 36 |
Regional Highlights | 41 |
Financial Overview & Outlook | 46 |
Disclosures | 56 |
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AGI OVERVIEW
PURPOSE
Eliminate Food Loss and Hunger
MISSION
To advance storage, handling and processing solutions that strengthen and secure the global food supply chain
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AGI - SNAPSHOT
OVERVIEW
AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally.
Revenue by segment
FARM | COMMERCIAL | |||
AGI has 30 manufacturing facilities across Canada, | 56% | 44% | ||
the United States, Brazil, India, France, and Italy and distributes its | ||||
product worldwide. | ||||
Revenue by geography | ||||
U.S. | INTERNATIONAL | CANADA | ||
44% | 33% | 23% | ||
$1.5B | $296M | |||
Adjusted | Capital markets perspective | |||
Revenue | ||||
EBITDA | ||||
Enterprise Value | Dividend Yield | Ticker | ||
$2.0B | 1.0% | TSX: AFN |
Notes:
Revenue by segment, Revenue by geography, and Adjusted EBITDA figures are based on last twelve months (LTM) ending March 31, 2024. See "Presentation of Financial Information".
Adjusted EBITDA is a non-IFRS measure. Revenue by Segment and Revenue by Geography are supplementary financial measures. See "Non-IFRS and Other Financial Measures".
Capital markets data as of April 29, 2024.
Source: Company reports, Capital IQ
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AGI PROVIDES FOOD INFRASTRUCTURE TO THE ENTIRE SUPPLY CHAIN
AGI equipment and solutions are uniquely positioned within the agriculture sector, serving as the connection between the farm & the plate
FARM | COMMERCIAL | |
Move, store, condition, monitor grain after harvest | Large-scale storage and movement of grain through | |
the food supply chain, inclusive of equipment for food | ||
processing, rice milling, feed, and fertilizer | ||
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AGI'S COMMITMENT TO SUSTAINABILITY
- As a supplier of the world's food infrastructure, our equipment solutions and technologies reduce post-harvest losses and increase food security
- Published inaugural Sustainability Roadmap in December 2020 describing our sustainability approach across four focus areas
- Released a comprehensive Sustainability Progress Update in January 2023 highlighting key ESG initiatives and performance
- Reports available on AGI's corporate website
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SIGNIFICANT REVENUE GROWTH
- 2014 to 2020 growth was supported by an aggressive acquisition strategy
- Significant expansion since 2020 almost entirely attributable to organic growth
- Resilient & diversified business model
LTM revenue figures are based on last twelve months (LTM) ending March 31, 2024. See "Presentation of Financial Information". Source: Company reports
CAD, millions
$1,494
$1,000
$410
2014 | 2020 | LTM |
Revenue
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RESILIENT TO REGIONAL OR ECONOMIC CONDITIONS
CAD, millions | |
• Integration & optimization phase started with | $296 |
International regions in 2020 & extended to North | |
America in 2021 |
- Significant increase in operational excellence and
margin expansion initiatives began in 2022 | $149 | |||
• Consistent demand for AGI products through | $78 | |||
challenging geopolitical & weather events as well | ||||
as economic cycles | ||||
• Uniquely positioned within the global agriculture | ||||
2014 | 2020 | LTM | ||
industry | Adjusted EBITDA | |||
Notes:
LTM Adjusted EBITDA figures are based on last twelve months (LTM) ending March 31, 2024. See "Presentation of Financial Information".
Adjusted EBITDA is a non-IFRS measure. See "Non-IFRS and Other Financial Measures".
Source: Company reports
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STABLE & GROWING DEMAND PROFILE
Long-term demand for AGI products is driven by consumption
• | Global food and feed consumption | • | Urgency to reduce grain spoilage |
• | Growing population | • | Improving crop yields |
• | Growing crop volumes & production | • | Critical infrastructure gap in developing world |
• | Increasing grain exports & trade | • | Energy trends and alternative fuels |
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Disclaimer
Ag Growth International Inc. published this content on 29 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2024 21:48:05 UTC.