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Ag Growth International Inc. (T:AFN)

Business Focus: Agriculture Support Services

Sector:  Consumer Non-Cyclicals Industry:  Fishing & Farming
See Regulatory Filings on SEDAR
Company Contact
Address: 198 Commerce Dr
Tel: N/A
IR: See website
Key People
Timothy Jackson Close
President, Chief Executive Officer, Director
Steve Sommerfeld
Chief Financial Officer, Executive Vice President, Corporate Secretary
Ryan Kipp
Vice President - Legal, General Counsel
David Postill
Vice President - Marketing
Paul Brisebois
Vice President - Farm
Gurcan Kocdag
Vice President - Global Manufacturing
Business Overview
Ag Growth International Inc. is Canada-based manufacturer of seed, fertilizer, grain, feed and food handling, blending, storage and conditioning equipment. The Company has manufacturing facilities in Canada, the United States, Brazil, France, India, South Africa and Italy, and distributes its products globally. The Company offers variety of products such as augers, belt conveyors, and a range of grain equipment that stores, handles, ventilates, and dries clients grain. The Company also offers feed, food and fertilizer handling and storage systems. The Company is owner of a number of brands such as BATCO, Wheatheart, Westfield, The STORM, REM, Hutchinson, Mayrath, Hi Roller, Union Iron, TRAMCO, PTM Technology, VIS, NuVision, Yargus, Brownie and York.
Financial Overview
For the three months ended 31 March 2020, Ag Growth International Inc revenues increased 7% to C$229.1M. Net loss totaled C$48.8M vs. income of C$13.2M. Revenues reflect International segment increase of 43% to C$62.7M, United States segment increase of 5% to C$98.3M. Net loss reflects Loss (gain) on financial instruments increase from C$10.4M (income) to C$24.3M (expense), Foreign exchange gain increase from C$3.7M (income) to C$22.3M (expense).
Employees: 3,679 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $1,270M as of Mar 31, 2020
Annual revenue (TTM): $1,010M as of Mar 31, 2020
EBITDA (TTM): $113.03M as of Mar 31, 2020
Net annual income (TTM): -$47.43M as of Mar 31, 2020
Free cash flow (TTM): -$54.80M as of Mar 31, 2020
Net Debt Last Fiscal Year: $853.10M as of Mar 31, 2020
Shares outstanding: 18,708,688 as of Jun 8, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization