Q1 2023 Earnings Call May 9, 2023

1

Participants

Eric Wintemute Chairman & Chief Executive Officer

William Kuser Director, Investor Communications

Scott Hendrix Sr VP US & Canada Crop Sales & Application Technology

Jim Thompson Director, Portfolio Strategy & Business Development

David Johnson Chief Financial Officer

Bob Trogele Chief Operating Officer

Tim Donnelly Chief Administrative Officer

2

Safe Harbor

The Company, from time to time, may discuss forward- looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company's SEC reports and filings. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release.

3

American Vanguard

  • Traded on NYSE: AVD founded in 1969, currently 810 employees
  • Fully Integrated Operation, including selective R&D
  • Business Model: Acquire, develop, manufacture and market a diverse group of agricultural products, specialty non-crop products, and application technologies
  • Mission: Enhance agricultural productivity and safeguard public health worldwide
  • Proven Experience: 53 years of successful acquisitions & licensing

NINE

SIX

FIVE

SIXTY-THREE

Companies

Manufacturing Plants

Delivery Systems

Products & Licenses

4

Q1 and Full Year 2023 Takeaways

  • Supply chain issues and oversupply of competitive herbicides in the channel affected Q1 Sales of Aztec & IMPACT
    • Supply chain issues resolved
  • Expect strong sales for the balance of the year
    • Low channel inventories of the Company's products
  • Our 2023 full year outlook is stronger than 2022

Performance Targets

Net Sales

$640M

- $652M

+5 to 7%

Adjusted EBITDA

$84M - $86M

+14 to 18%

Net Income

$32M

- $34M

+17 to 25%

5

Attachments

Disclaimer

American Vanguard Corporation published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2023 22:55:12 UTC.