Hardship to Transformation: A Future Proof Greenyard
Hardship
Transformation
Future proof
Solid foundation for a sustainable profitable future underpinned by Greenyard's improved
financial results
An organic growth trajectory in both the Fresh/Long Fresh segments resulting in sizeable topline growth & resilient margins
9m 2021
+10,3%
4.061
AY1920
Adj.
EBITDA %
2,4%
(in EURm)
Upper end of range:
106-110
96
F2021
~2,7%
CAGR
F2021-F2425
+2,5%
> +8,0%
Towards
120
F2122
Structural improvement in financial position enables further sustainable deleveraging
517
503
500
456
426
407
400
7,1x
7,2x
300
200
100
T
T
Upper end of range:
4,4x
4,4x
106 110
3,9x
3,5x
118
96
105
65
71
Towards
150
F2223
F2324
F2425
~3,0%
Net financial debt
LTM adj. EBITDA
Leverage
3,0x
2,5x
2,0x
0
H1
AY1819
H2
AY1819
H1
AY1920
H2
AY1920
H1
AY2021
H2
F2021
F2122
F2223
F2324
F2425
Note: Financials above are Pre IFRS 16
1 In less than two years from now
29
Sales
Adj. EBITDA
► Following the rigorous focus on cash generation &
improving profitability across all divisions and confirming
earlier outlooks, Greenyard estimates that the leverage
ratio will move towards 3,5x by the end of financial year
2020/2021, down from 3,9x in September 2020
➤ Lower leverage takes into account a further decrease in
nominal debt, a.o by the repayment of the accordion debt,
granted by its relationship banks in June 2019
► Greenyard aims for a long-term net financial
debt/adjusted EBITDA ratio between 2,0x and 2,5x (before
application of IFRS 16) in less than 2 years, with the aim of
structurally remaining between this range in the years
thereafter
GREENYARDView entire presentation