Kyiv, 30 April 2020

IMC on the financial results of 2020

IMC Revenue in 2020 amounted to USD 161.4 million (-5%y-o-y). The slight decrease in revenue is due to lower sales of grain and oilseeds because of lower harvest in 2020. 98% of revenues were received from crop farming, 1% from dairy farming and 1% from grain storage services. The share of export revenue amounted to 78%.

The company's EBITDA in 2020 increased by 83% to USD 71.8 million, and Net profit increased more than 4 times to USD 31.7 million (vs. USD 7.3 million in 2019). Significant increase in prices for grain and oilseeds grown by the company was the main reason for the growth of IMC's profitability in 2020.

Net cash flow from operating activities in 2020 amounted to about USD 60 million, and Net cash flow from investing activities USD 5.7 million. In 2020, IMC invested mainly in the renewal of the agricultural machinery.

The total debt of IMC as of 31.12.2020 amounted to USD 33.2 million (USD 47.0 million as of 31 December 2019).

In 2020, IMC paid USD 7 million dividends to the company's shareholders.

About IMC

IMC is one of the TOP-10 agricultural companies in Ukraine, and is listed on the Warsaw Stock Exchange. The company is primarily involved in crop farming, the storage of grain and oilseed crops, and dairy farming. It operates 120,000 hectares of land located in the prime fertile farming regions of Ukraine (Poltava, Chernihiv, Sumy). The company was founded in 2007. In 2020, IMC reported Net profit of USD 31.7 million and EBITDA of USD 71.8 million.

For more information about IMC please visit our web-site: www.imcagro.com.ua

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IMC SA published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 07:55:03 UTC.