AgroFresh Results Presentation Deck slide image

AgroFresh Results Presentation Deck

Key Cash Flow Items and Capital Structure Summary $ Cash Flow from Operations $3.0 $20.1 $26.7 $4.6 Cash Flow Items ($ million) Cash Flow from Operations Cash Flow from Investing Capital Expenditures Cash Flow from Financing Effect of FX Changes on Cash Ending Cash $22.1 2020¹ $52.0 $27.4 $24.6 2018 2019 2021² ▪ Normalized Operating Cash Flow Non-recurring Items 1H 2022 1H 2021 Change $4.33 $30.94 ($26.6) ($1.7) ($1.7) ($1.3) ($0.4) ($1.3) ($0.4) ($8.8)5 ($22.0)6 $13.2 ($4.3) ($0.9) $51.5 $56.7 ($3.4) ($5.2) (1) FY 2020 non-recurring items include $1.6 million litigation recovery and $3.0 million of grant income (2) FY 2021 non-recurring items include litigation settlement proceeds of $14.4 million, extraordinary improvements in accounts receivable and inventory of approximately $9 million, and an approximate $4 million reduction in interest expense from refinancing. (3) Reflects working capital improvements in accounts receivables partially offset by strategic supply chain sourcing (4) Includes litigation settlement proceeds of $14.4 million and working capital improvement of approximately $12.7 million (5) Includes $7.3 million of cash dividend on PSP convertible preferred shares and $1.6 million debt paydown (6) Includes $6.1 million of cash dividend on PSP convertible preferred shares, $10.7 million debt paydown and $5.3 million redemption of PSP shares (7) LTM, as of 6/30/22; see GAAP to Non-GAAP schedule in appendix of this presentation for a reconciliation of Adjusted EBITDA to net (loss) income Capital Structure Net debt-to- adjusted EBITDA7 ratio of 3.3x Undrawn $25 million revolver Cash Capital Structure ($ million) Market Capitaliz ion Gross Debt Net Debt Completed comprehensive refinancing on July 27, 2020 Preferred Equity Minority Interest Enterprise Value Convertible preferred equity investment by Paine Schwartz Partners MM shares Term loan maturity extended to December 31, 2024 $1.79) 06/30/22 $94.3 $51.5 $262.3 $210.8 $166.6 $7.4 $479.1 15 AgroFresh
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