Raisio Plc Class K · OMXHEX:RAIKV
Raisio Plc Class K — Q1 2018 Earnings Presentation
32 slides from Raisio Plc Class K's earnings presentation, May 4, 2018
Slide 1: Raisio plc's Interim Report January-March 2018
Raisio plc’s Interim Report January-March 2018 President and CEO Pekka Kuusniemi 4 May 2018
Slide 2: Raisio to divest its cattle feed business to Lantmännen Agro
Raisio to divest its cattle feed business to Lantmännen Agro • The enterprise value EUR 34 million, the arrangement will be conducted as a share transaction • EV/EBITDA multiple 9,2 • Estimated closing in September 2018 • Cattle feed business includes • two production plants in Ylivieska and Kouvola
Slide 3: Raisio's Q1/2018 in brief
Raisio’s Q1/2018 in brief Continuing operations • Group net sales 67.8 (69.3) M€ • Group comparable EBIT 7.4 (7.8) M€, or 10.9 (11.3) % of net sales • Business profitability weakened due to decreased sales volumes in Russia, Poland, Ireland and Belgium • Net sales and sales volume slightly down from
Slide 4: Raisio Group net sales and EBIT
Raisio Group net sales and EBIT Continuing operations Net sales Comparable EBIT M€ M€ % 70 10 15 69.3 67.8 60 8 11.3% 10.9% 50 10 6 7.8 7.4 40 30 4 5 20 2 10 0 0 0 Q1/2017 2017 Q1/2018 2018 Q1/2017 2017 Q1/2018 2018 4
Slide 5: Key figures
Key figures continuing operations, comparable figures Q1/2018 Q1/2017 Net sales, M€ 67.8 69.3 EBITDA, M€ 9.3 9.6 EBIT, M€ 7.4 7.8 EBIT, % 10.9 11.3 EPS, € 0.04 0.04 5
Slide 6: Key figures, balance sheet
Key figures, balance sheet Q1/2018 Q1/2017 Equity ratio, % 66.8 66.6 Gearing, % - 40.5 17.3 Net interest-bearing debt , M€ - 98.4 50.9 Equity per share, € 1.54 1.86 Investments, M€ 1.1 3.6 6
Slide 7: Healthy Food
Healthy Food
Slide 8: Healthy Food Division's net sales and EBIT
Healthy Food Division’s net sales and EBIT continuing operations Net sales Comparable EBIT M€ M€ % 10 20 50 19.5% 50.3 48.1 9.8 17.2% 40 8 15 8.3 30 6 10 20 4 5 10 2 0 0 0 Q1/2017 2017 Q1/2018 2018 Q1/2017 2017 Q1/2018 2018 8
Slide 9: Healthy Food
Healthy Food • The new Healthy Food Division includes all Raisio’s food-related businesses • Brands: Benecol, Elovena, Nalle, Sunnuntai, Nordic, Torino and Provena • Impact of the weakened British pound on net sales -0.5 M€ and on EBIT -0.1 M€ • Breakdown of net sales, continuing operations: • North
Slide 10: Healthy Food, Northern and Eastern Europe
Healthy Food, Northern and Eastern Europe • Markets: Finland, Poland, Russia, Ukraine, Sweden, Baltic Countries and Denmark • Finnish operations at the comparison period level • Moderate sales growth for Benecol and Elovena products continued in Finland • Net sales down in Russia, Ukraine showing cl
Slide 11: Novelty: Torino pastas with plenty of oat and vegetables
Novelty: Torino pastas with plenty of oat and vegetables • Good taste and healthiness from oats and vegetables • An easy way to add vegetables into your diet • In stores in June 2018 1.5 carrots in 1 beetroot in 1 decilitre of broccoli one serving one serving in one serving 11
Slide 12: Healthy Food, Western Europe
Healthy Food, Western Europe • Markets: UK, Ireland and Belgium • Net sales • Sales clearly lower than in the comparison period in Ireland and Belgium • Conversion impact of the pound -0.5 M€ • In the UK, slightly increased spread sales, yogurt drink M€ Net sales M€ sales slightly down from the comp
Slide 13: Benecol Greek Style Yogurt
Benecol Greek Style Yogurt UK launch ongoing
Slide 14: Healthy Food, Rest of the World
Healthy Food, Rest of the World • The business includes: • Sales of Benecol ingredient for the products sold in own markets • Sales of Benecol ingredient to licensing partners • Raisio’s food exports • Plant stanol ester sales for the products sold in Raisio's own markets up from the comparison peri
Slide 15: Raisioagro
Raisioagro
Slide 16: Raisioagro
Raisioagro • Raisioagro includes: cattle and fish feeds and farming supplies • Grain Trade transferred to Northern European operations • Clear growth in cattle feed sales • Good results with active customer relations • Product portfolio in line with the needs of dairy farms • Fish feed season just b
Slide 17: Raisioagro Division's net sales and EBIT
Raisioagro Division’s net sales and EBIT Net sales Comparable EBIT M€ M€ 20 1 19.1 19.7 15 0,5 0.1 -0.3 10 0 5 -0,5 0 -1 Q1/2017 2017 Q1/2018 2018 Q1/2017 Q1/2018 17
Slide 18: Raisioaqua
Raisioaqua • Good start for the fish feed season in April after the Q1 • Benella Rainbow Trout launched in Sweden in February • served in dozens of restaurants in the Stockholm region • available in some retail stores • Baltic Blend fish feed had a significant impact on the nutrients in the Baltic S
Slide 19: Raisio's outlook for 2018, updated on 26th April 2018
Raisio’s outlook for 2018, updated on 26th April 2018 Raisio expects the net sales of the Group’s continuing operations to be approximately at the 2017 level. The company estimates that the comparable EBIT for the Group’s continuing operations is over 10 per cent of net sales. Exchange rates will co
Slide 20: Raisio's purpose
Raisio’s purpose
Slide 21: Our core is in our heritage
Our core is in our heritage • Healthy food • Grain competence • Natural raw materials • Responsible business conduct • Innovations • Brands valued by consumers • Ecology 21
Slide 22: Food and nutrition are hot consumer trends
Food and nutrition are hot consumer trends Megatrends • Health • Snacking • Well-being • Heart health • Stomach well-being • Plant-based diets • Natural, genuine food 22
Slide 23: Ability to renew makes the difference
Ability to renew makes the difference • Brand development • Novelties • Understanding consumer needs • Internationalisation • Responsibility in the entire food chain • Challenging our ways of working We aim to grow organically and through acquisitions 23
Slide 24: Raisio's purpose: Food for Health, Heart and Earth
Raisio’s purpose: Food for Health, Heart and Earth
Slide 25: Raisio's purpose: Food for Health, Heart and Earth
Raisio’s purpose: Food for Health, Heart and Earth Tasty and healthy food is natural and comes from the heart of its maker. As a responsible company, Raisio takes all important food-related factors into account: wellbeing, healthiness, taste and sustainability. Our strong expertise and will to devel
Slide 26: The meaning of Raisio's purpose
The meaning of Raisio’s purpose
Slide 27: Food for Health, Heart and Earth
The meaning of Raisio’s purpose Food for Health, Heart and Earth Food is at the core of Raisio’s operations. Our tasty food is always nutritionally good and produced responsibly and ethically. Eating is also about joy and pleasure. Our food is something to believe in.
Slide 28: Food for Health, Heart and Earth
The meaning of Raisio’s purpose Food for Health, Heart and Earth We make healthy food for you and for your loved ones. Mental and physical wellbeing create a solid foundation for happy, balanced everyday life. Our foods are truly healthy.
Slide 29: Food for Health, Heart and Earth
The meaning of Raisio’s purpose Food for Health, Heart and Earth We have always known what kind of food is good for the heart, and your heart is happy with our pioneering products combining innovation and healthy raw materials. At Raisio, we make food with love and passion.
Slide 30: Food for Health, Heart and Earth
The meaning of Raisio’s purpose Food for Health, Heart and Earth Our food grows from the earth and we know how important it is to take care of the Earth. We are a forerunner in responsibility and sustainability, and will continue to show the way. Food that loves the Earth is good for your heart and
Slide 31: Our story is true
Our story is true Our healthy food Benecol is a pioneer in Raisio’s food combines We have always taken made with love boosts heart-friendly food health and good taste. care of the Earth and wellbeing and supports and oat is proven to be We are determined we want to learn more. balanced eating in goo
Slide 32: Thank you!
Thank you!