Atria Oyj Class A · OMXHEX:ATRAV
Atria Oyj Class A — Investor Day (December 2013)
22 slides from Atria Oyj Class A's investor day presentation, Dec 4, 2013
Slide 1: Atria Capital Markets: Atria Russia
Atria Capital Markets Atria Russia Jarmo Lindholm, 4 December 2013 4 December 1 2013
Slide 2: Atria Russia Review Q1-Q3/2013
Atria Russia Review Q1-Q3/2013 Q1 Q3/2013 Q3 Q3 Q1-Q3 Q1-Q3 EUR million 2013 2012 2013 2012 2012 Net sales 32.0 33.9 90.8 93.5 126.3 EBIT -16.4 0.6 -19.1 -4.7 -8.6 EBIT % -51.2 1.8 -21.1 -5.0 -6.8 Extraordinary items* -15.4 0.0 -15.4 0.0 0.0 * Non-recurring items which are included in the EBIT. • At
Slide 3: Atria Russia: cost savings and divestments
Atria Russia • It is estimated that the discontinuations of unprofitable primary production and the Mosco based prod Moscow-based production ction operations will ill generate annual cost savings of about EUR 6 million compared to 2013. The cost savings will be fully realised as of the beginning of
Slide 4: Atria Russia turnaround program: result improvement
Atria Russia turnaround program has been in force for 9 quarters now: Result improvement has been significant, and sustainable Previous year EBIT improvement EBIT EBIT MEUR / Q3/2011 ‐3,3 , ‐5,0 , 1,7 , Q4/2011 ‐4,5 ‐7,6 3,1 Q1/2012 ‐3,3 3,3 ‐5,6 5,6 2,3 Q2/2012 ‐2,0 ‐5,6 3,6 Q3/2012 06 0,6 ‐3 3 3,3
Slide 5: Atria Russia turnaround program is moving into its last stage
Atria Russia turnaround program is moving into it’s last stage stage... 3 KEY OBJECTIVES (in chronological order) Timetable 1) Positive EBITDA and cash flow Y 2012 2) Positive EBIT During H2/2013 3) Profitable growth 2013 4 December 5 2013
Slide 6: Atria Group strategy 2013 - 2016
Atria Group strategy 2013 - 2016 4 December 6 2013
Slide 7: Atria Russia strategy 2013 - 2016
Atria Russia strategy 2013 - 2016 Category leadership Industrial excellence Corporate values & Sales up! Russia in operations culture development St Strong Sib ll Sibylla Effi i t organization Efficient i ti St Strong L d hi and Leadership d expansion Strong supply chain management system Strong new
Slide 8: Atria Russia Strategy 2015 Summary
Atria Russia Strategy 2015 Summary Commercial Excellence Atria Russia core businesses: Processed meat products products, convenience food and Processed Meat Sibylla products Convenience • High market value potential in cold cuts. food & Sibylla Branded pproducts • Strong market position in sausage
Slide 9: Commercial excellence through category leadership
Commercial excellence through category leadership • Strong growth through cold cuts and convenience food categories. • Defend strong market position in sausages category in Saint Petersburg. • St Strong o g new e coconcept cept a and dpproduct oduct de development e op e t for o tthe e local markets
Slide 10: Operational efficiency to improve margins
Operational efficiency to improve margins • Exploit the full industrial potential of Gorelovo: The most modern processed meats factory in Russia.Russia • Further increase operational efficiency in all functions (improvement potential exists). • Divest idle Moscow factory and shut down loss- making p
Slide 11: Unify the way we work and create bold, high performance culture
Unify the way we work and create bold bold, high performance culture • Strong Leadership and management system development. development • Corporate values & culture development: Unified corporate culture culture. • Streamlined organization structure after completion of structural divestments. 4 Dece
Slide 12: Atria Russia Brands – in the future
Atria Russia Brands – in the future 4 December 12 2013
Slide 13: Understanding consumer needs with diverse brand portfolio
Understanding consumer needs and meeting expectations by diverse brand portfolio Health & Safety Convenience & Speed Pleasure & Good taste 4 December 13 2013
Slide 14: Health & Safety
Health & Safetyy Traditional products: • High quality • Meets consumers’ taste expectations • Wide distribution (universally available) • Convenient packaging 4 December 14 2013
Slide 15: Convenience & Speed
Convenience & Speed p Chilled fully cooked products – “convenience food” : • Do not require prolonged cooking • Appealing pp g fresh looks • Perceived freshness and naturalness 4 December 15 2013
Slide 16: Pleasure & Good taste
Pleasure & Good taste 4 December 16 2013
Slide 17: Sibylla concept: fast growth on fast-food market
Sibylla concept: fast growth on fast-food market • Number of POS increased twofold during 2012-2013 • Geography G h off POS includes i l d as ffederal d l districts of Russian Federation • Total quantity of POS will surpass 1000 in 2013 • Total portions served in 2013 (est.): more than 15.000.000 4
Slide 18: Market overview Russia
Market overview Russia 4 December 18 2013
Slide 19: Russia has grown to the biggest retail market in Europe
Russia has grown to the biggest retail market in Europe making it attractive due to high consuming power • Source: IGD Datacentre Top 10 European markets 2012 Top 10 global markets 2012 Grocery retail Grocery retail Ran Ran Country market (US Country market (US k k $bn) $bn) 1 Russia 314 1 314.1 1 C
Slide 20: Macro Economics view on Russia: Official forecast and more conservative one
Macro Economics view on Russia: Official forecast and more conservative one Base forecast Government forecast 2013 FC 2014 2015 2016 CPI YoY % 6,7 5,6 4,7 4,7 GDP growth 1,6 2,8 3,2 3,3 Production growth 0,7 2,2 2,3 2,0 Real salary growth 6,2 5,4 7,1 8,1 Retail il turnover 4,2 6,8 8,4 8,9 Pessimisti
Slide 21: Russia is growing retail market but share of grocery is slowly reducing
Russia is growing retail market but share of grocery is slowly reducing 2009 2010 2011 2012 2013e Consumer spend (US $bn) 643.0 736.9 964.8 967.1 1,069.2 Total retail market (US $bn) 412 3 412.3 483 3 483.3 571 6 571.6 595 8 595.8 658 4 658.4 Grocery retail market (US 224.2 262.9 309.7 314.1 345.2 $
Slide 22: Good food, better mood.
pre Good food, better mood.