XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE

Form 8-K - Current report - Item 1.01 Item 1.02 Item 2.01 Item 2.03 Item 3.01 Item 3.03 Item 5.01 Item 5.02 Item 5.03 Item 9.01

AgroFresh Solutions Inc

Announcement: AGFS 8-K Special Filing

XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT

XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT

Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend]

Announcement: AGFS 10-K/A Special Filing Amendment

Analysis:

Part 1: Performance Analysis

AgroFresh Solutions, Inc. reported a net loss of $24.8 million in 2021, reduced from the net loss of $35.2 million recorded in the previous year. The decrease in net loss was primarily due to the $20.3 million pretax net gain recorded from the divestiture of the Company's 55% interest in Tecnidex in the third quarter of 2021. Revenues increased by 4% to $157.5 million in 2021, compared to $151.5 million in the prior year. The increase was primarily driven by strong SmartFresh sales, which were partially offset by lower Harvista sales in key markets impacted by weather and market conditions. Adjusted EBITDA decreased slightly to $26.7 million in 2021, compared to $27.1 million in the prior year. Adjusted EBITDA margin also declined slightly as a percentage of sales, from 17.9% in 2020 to 16.9% in 2021.

The Company's financial performance during the period was influenced by various external factors, particularly the COVID-19 pandemic, which had a mixed impact on the business. Although the demand for fresh produce remained robust, the pandemic disrupted global supply chains, leading to higher costs for shipping and logistics, and shortages of labor and transportation. In addition, lower economic activity in some regions due to lockdowns and travel restrictions led to decreased demand for some of the Company's products. The impact was particularly pronounced in key markets such as Europe, where the pandemic led to a decrease in SmartFresh sales in 2021. On a positive note, the pandemic also stimulated demand for packaged fruits and vegetables, which the Company's solutions help to preserve, leading to higher demand for some of its products.

The Company's competitive position remains strong, given its leadership in delivering innovative food preservation and waste reduction solutions for fresh produce, supported by a range of integrated solutions designed to help growers, packers, and retailers improve produce freshness and quality while reducing waste. The Company has key products registered in over 50 countries, and supports customers by protecting approximately 25,000 storage rooms globally. The Company's solutions range from near-harvest with Harvista TM and LandSpring TM to its flagship post-harvest SmartFresh TM Quality System. Moreover, the Company has diversified its revenue streams through acquisitions such as AgroFresh Fruit Protection, which has helped expand the Company’s industry-leading post-harvest presence into additional crops, and increased its penetration of the produce market in southern Europe, Latin America, and Africa.

Part 2: Forward-looking Analysis

Looking forward, the Company is well-positioned to capitalize on the growing trends of food preservation and waste reduction, as well as the increasing demand for fresh produce. The Company is also well-positioned to benefit from the recovery of key markets as the COVID-19 pandemic subsides. The Company's focus on innovation and diversification will continue to be key drivers of growth, and the Company will continue to invest in research and development to bring new products and services to market, as demonstrated by the launch of FreshCloud Quality Inspection, a proprietary cloud-based mobile quality management service in 2020.

However, the Company should pay attention to potential challenges and uncertainties in the external environment that could impact its future performance. These include, but are not limited to:

1. The potential for disruptions to global supply chains, logistics, and labor, as seen during the COVID-19 pandemic.

2. Changes in regulations and policies that could affect the Company's operations and markets, particularly in key markets such as Europe.

3. Potential changes in consumer preferences for fresh produce, packaging, and waste reduction, which could impact the demand for the Company's products and services.

4. Competition from existing and new players in the fresh produce preservation and waste reduction industry.

Overall, AgroFresh Solutions, Inc. has demonstrated solid financial performance and competitive positioning during the period, but the Company must remain vigilant to the evolving external environment and continue to invest in innovation and diversification to maintain its position in the industry.

XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT

XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

AgroFresh Solutions reports $157.5M in revenue for 2021, up 4% from prior year; net loss reduced to $24.8M.

Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

Announcement: AGFS 8-K Special Filing

Announcement: AGFS 8-K Special Filing

Announcement: AGFS 8-K Special Filing

Announcement: AGFS 8-K Special Filing

Announcement: AGFS 8-K Special Filing

Announcement: AGFS 8-K Special Filing

Announcement: AGFS 10-K/A Special Filing Amendment

Announcement: AGFS 10-K/A Special Filing Amendment

AgroFresh Solutions reports $157.5M in revenue for 2021, up 4% from prior year; net loss reduced to $24.8M.

AgroFresh Solutions reports $157.5M in revenue for 2021, up 4% from prior year; net loss reduced to $24.8M.

Announcement: AGFS SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

Announcement: AGFS SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment