| | POLISH FINANCIAL SUPERVISION AUTHORITY | |
| |
| | | UNI - EN REPORT No | 3 | / | 2012 |
| | |
| | Date of issue: | 2012-01-27 | | | | | | | | |
| | Short name of the issuer | | | | | | | |
| | KSG AGRO S.A. | |
| | Subject | | | | | | | | | | |
| | Overview of certain financial forecasts and operational data | |
| | Official market - legal basis | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
| |
| | Unofficial market - legal basis | | | | | |
| | Contents of the report: | | | | | | | | |
| | The Board of Directors of KSG Agro S.A. (the "Company") is pleased to present an overview of certain financial forecasts and associated operational data below:
1. As of December, 31 2011 the Group’s total Indebtedness and cash position amounted to USD 20 mln and USD 5.5 mln, respectively, which resulted in net debt position of USD 14.5 mln
2. The Group plans to achieve such further operational results in 2012: land bank under control of 110 ths hectares by the end of the year (including 80 ths ha of harvested land), storage capacities of 76 ths tonnes and total grain harvest of 228 ths tonnes. These operational results are expected to lead to the following financial performance in 2012: Revenue, EBITDA and Net Income of USD 66.7 mln, USD 42.3 mln and USD 31.8 mln, respectively
3. In line with diversification strategy of the Group, forecasted sales of fuel agro-pellet and pig breeding segments, in aggregate, are expected to reach 30% of total Group’s revenue, by 2015
4. The Group’s management envisages following operational results for the year 2014: land bank of 160 ths ha by the end of the year (95% of which will be harvested), pig breading segment’s output of 12.5 ths tonnes of pork and fuel agro-pellets output of 130 ths tonnes
Legal grounds: Article 56.1 of Polish Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, and Article 14 of the Luxembourg law of 11 January 2008 relating to the transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market.
| |
| | Annexes | | | | | | | | | | |
| | File | Description | |
|
