Ag Growth International : AGI Corporate Presentation March 2024
March 05, 2024 at 07:46 pm EST
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March 2024
1
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
2
AGI OVERVIEW
VISION
Eliminate Food Waste and Hunger
MISSI N
To advance storage, handling, and processing solutions
that strengthen the global food supply chain
By leveraging and expanding AGI capabilities in existing and growing geographies
4
AGI - SNAPSHOT
OVERVIEW
AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally.
AGI has 30 manufacturing facilities across Canada,
the United States, Brazil, India, France, and Italy and distributes its product worldwide.
Revenue by segment
FARM
COMMERCIAL
54%
46%
Revenue by geography
U.S.
INTERNATIONAL
CANADA
43%
34%
23%
$1.5B
$294M
Adjusted
Capital markets perspective
Revenue
EBITDA
Enterprise Value
Dividend Yield
Ticker
$1.9B
1.1%
TSX: AFN
Notes:
Revenue by segment, Revenue by geography, and Adjusted EBITDA figures are based on the fiscal year ending December 31, 2023. 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 March 4, 2024.
Source: Company reports, Capital IQ
5
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
6
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
7
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
Source: Company reports
CAD, millions
$1,527
$1,000
$410
2014
2020
2023
Revenue
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RESILIENT TO REGIONAL OR ECONOMIC CONDITIONS
CAD, millions
• Integration & optimization phase started with
$294
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
2023
industry
Adjusted EBITDA
Notes:
Adjusted EBITDA is a non-IFRS measure. See "Non-IFRS and Other Financial Measures".
Source: Company reports
9
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
10
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Disclaimer
Ag Growth International Inc. published this content on
05 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
06 March 2024 00:46:04 UTC.
Ag Growth International Inc. is a provider of the equipment and solutions required to support the storage, transport, and processing of food globally. The Company provides equipment solutions for agriculture bulk commodities, including seed, fertilizer, grain, rice, feed, and food processing systems. It has manufacturing facilities in Canada, the United States, Brazil, Italy, France, and India and distributes its products globally. Its segments include Farm and commercial. Its Farm segment focuses on the needs of on-farm customers, and its product offerings include grain, seed, and fertilizer handling equipment; aeration products; grain and fuel storage solutions, and grain management technologies. Its Commercial segment focuses on commercial entities, such as port facility operators, food processors and elevators. Its product offerings include larger diameter grain storage bins and high-capacity grain handling equipment; food and feed handling storage and processing equipment.