American Vanguard : AVD Presentation to Gabelli Chemical Conference – March 2025
AVD
The trusted provider of proven agricultural and environmental solutions.
Gabelli Specialty Chemicals Symposium
March 2025
American Vanguard at a Glance
Company Overview
Financial Snapshot (2)
Geography Breakdown (1)
Net Sales
43%
57%Domestic
International
1.
Breakdowns based on expected FY2024 results
3
2.
At the time of this publication, 2024 numbers are unaudited and adjusted for the removal of Dacthal
Manufacturing Footprint
With a large North American manufacturing footprint, AVD is well suited for continued reshoring efforts
1
Los Angeles, CA
3
Hannibal, MO:
2
5
2
Clackamas, OR:
3
Capabilities: Fermentation using
1
microbes to produce liquid
biostimulant products
4
6
Headquarters
4
Axis, AL:
5
Marsing, ID:
6
Sonora, Mexico:
Capabilities: Synthesis of chemical
Capabilities: Formulation of
Capabilities: Fermentation using
intermediaries to produce active
active ingredients to produce
microbes to produce both liquid
ingredients; formulation of active
liquid and granule finished goods
and solid biostimulant products
ingredients to produce liquid and
granule finished goods
Source: Company materials
4
Global Industry Overview
Crop Protection Market Value (US$ Billion)
$120
$100
$80
$60
$40
$20
--
2000
2005
2010
2015
2020
2025
2030
2035
Source: FAO, OECD, AgbioInvestor
5
U.S. Industry Overview
Farmers continue to prioritize crop protection investments
$200
$40
CategoriesSpend Billion)(US$
$150
$30
$100
$20
$50
$10
U.S.
$0
--
2000
2003
2006
2009
2012
2015
2018
2021
2024E
Net Farm Income
Crop Protection
Fertilizer & Other Nutrients
Vehicles & Machinery
Source: FAO, OECD, AgbioInvestor
Mission-critical nature of crop protection products support relatively stable demand even through volatile downturns
Crop Protection Spend is
Resilient Through High and Low
Farm Income Environments
6
High-growth Biologicals Market
Accelerating Global Demand From Agriculture Industry for Food and Fuel to be
Supported by Expanding Biologicals Use
Expanding
Biologicals Use
Global Agricultural
Biologicals Market Value
Biologicals market growth
expected to outpace that of the broader crop protection market
US$ Billion
2024 - 2031 CAGR: ~11%
$30
$30
$20
~10%
$20
$14
~12%
~10%
$10
~14%
2024
2027
2031
Biopesticides
Biostimulants
Biofertilizers
Other Products
is a top 10 biological supplier in the U.S.*
Source: CropLife
7
FY 2024 Financial Results
In $M
Q4 2024**
Q4 2023
FY 2024** (Adj.)
FY 2023
Revenue
$169
$172
$563*
$579
Adjusted EBITDA
$18
$22
$42
$53
Adjusted EBITDA Margin
10.6%
12.7%
7.5%
9.1%
*Adjusted results exclude recalled items ** Unaudited numbers
8
Strengthening Balance Sheet - Top Priority
$179M
$156M
$246M
$199M
Q3 2024
Q4 2024
Q3 2024
Q4 2024
9
FY 2025 Targets
Metric
Target
Adjusted EBITDA
$45 - 52 Million
Revenue
$565 - 585 Million
10
Disclaimer
American Vanguard Corporation published this content on March 24, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 24, 2025 at 16:02:03.955.