Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Fiskars Group — Investor Presentation (June 2022)

69 slides from Fiskars Oyj Abp's investor presentation, June 2022

  1. Slide 1: Investor presentation

    Investor presentation MAY-JUNE 2022

  2. Slide 2: Content

    Content Fiskars Group in brief Strategy Business Areas Financials Q1 2022 Appendices 2 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  3. Slide 3: Our purpose: Pioneering design to make the everyday extraordinary

    OU R PU RPOSE Pioneering design to make the everyday extraordinary THE GLOBAL HOME OF DESIGN-DRIVEN BRANDS FOR INDOOR AND OUTDOOR LIVING 3 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  4. Slide 4: Strong brand portfolio

    Strong brand portfolio 4 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  5. Slide 5: Fiskars Group key figures 2021

    Fiskars Group key figures 2021 Net sales Comparable EBITA EUR million EUR million 1,254.3 168.8 Earnings per share Comparable EBIT EUR EUR million 1.06 154.2 Cash flow from Personnel operating activities Dec 31, 2021 before financial items and taxes EUR million 6,690 164.2 5 APRIL–JUNE 2022 Ⓒ FISKAR

  6. Slide 6: Business Areas and key categories

    Business Areas and key categories VITA TERRA CREA BUSINESS AREAS & KEY CATEGORIES Scissors Tableware Drinkware Interior Gardening Outdoor Watering & creating Cooking KEY BRANDS BA SHARE OF NET SALES 44% 43% 14% 6 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  7. Slide 7: Fiskars the largest brand – 2021 sales splits

    Fiskars the largest brand – 2021 sales splits SALES SPLIT BY BRAND SALES SPLIT BY GEOGRAPHY SALES SPLIT BY CATEGORY Cooking Other Asia-Pacific Scissors & Creating 5% 18% 15% 9% Watering Tableware Moomin 28% Fiskars 7% 3% 41% Waterford 6% Europe Outdoor 47% 7% 7% Gerber 8% 38% Drinkware 7% Americas 8

  8. Slide 8: Our global presence

    Our global presence Our brands are present in more than 100 countries We have more than 350 own stores Employees globally 7,000 8 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  9. Slide 9: Content

    Content Fiskars Group in brief Strategy Business Areas Financials Q1 2022 Appendices 9 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  10. Slide 10: The Growth Strategy – clear strategic focus and transformation levers

    The Growth Strategy – clear strategic focus and transformation levers WE FOCUS ON WINNING: LOGIC Brands Channels Countries Commercial excellence Direct to consumer TRANSFORMATION LEVERS U.S. China INNOVATION ENABLERS PEOPLE DIGITAL SUSTAINABILITY & DESIGN 10 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  11. Slide 11: We focus on winning brands

    WINNING BRANDS We focus on winning brands, enabled through clear roles across our portfolio WINNING BRANDS TURNAROUND BRANDS 11 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  12. Slide 12: Driving Fiskars as our #1 brand

    Driving Fiskars WINNING BRANDS as our #1 brand Global brand with strong recognition Strong historical performance • >40% of Fiskars Group net sales • Approx. 7% comp. net sales CAGR 2017 Further room to utilize brand stretch and surround the consumer • Product portfolio across key markets • Clothing

  13. Slide 13: We are building winning brands through new ways of thinking

    We are building WINNING BRANDS winning brands through new ways of thinking Case Moomin • Story telling translated into collectibles • Currently net sales over EUR 30 million • Fiskars Group minority shareholder in Rights & Brands since Sept ‘21 Strategic partnership enables global growth beyond our

  14. Slide 14: Strengthening our DTC to address the needs of the modern consumer

    Strengthening our WINNING BRANDS DTC to address the needs of the modern consumer • Win in the channel shift; focus on growing in the direct channel, incl. eCom and own stores • Invest significantly in digital organization and capabilities • Optimize store presence, incl. new store openings in China

  15. Slide 15: The direct channel (DTC) increasingly important

    WINNING CHANNELS The direct channel (DTC) increasingly important GROUP NET SALES BY CHANNEL NUMBER OF STORES TOTAL NUMBER OF STORES: 362 Direct, e-commerce Direct, stores Indirect, e-commerce 5% 13% 9% Store Europe Outlet 13% 21% 32% 67% 2% Americas 73% 66% Indirect, other Asia-Pacific Concession 15

  16. Slide 16: Commercial excellence drives our performance improvement across all channels

    Commercial excellence WINNING CHANNELS drives our performance improvement across all channels Our Commercial Excellence, examples • Win with the Winners • Value-based pricing • In-store and online excellence • Distribution and product coverage 16 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  17. Slide 17: U.S. continues to deliver a majority of our growth

    U.S. continues to WINNING COUNTRIES deliver a majority of our growth • Favorable market dynamics − Demand driver for branded consumer products • Strong platform with scale in place − Fiskars leading gardening brand − Strong presence at key big-box retailers and e-tailers • Further improvement in sig

  18. Slide 18: We have a strong start in China with significant growth opportunities ahead

    We have a strong WINNING COUNTRIES start in China with significant growth NET SALES IN CHINA (EURm) opportunities ahead 29 CAGR: • Strong market demand +55% • Solid foundation, impressive track -record − Capable local team in place 15 − >50% net sales CAGR during past 4 years 9 − Growth driven by We

  19. Slide 19: Progress in transformation levers in Q1 2022

    Progress in transformation levers in Q1 2022 • Power of brands: ability to mitigate the negative impacts of cost inflation in Commercial 2022 excellence • Improved gross margin in Q1 Direct to • Direct channel growth 14% in Q1; DTC 16% of Q1 net sales consumer • E-commerce growth 7%; retail growth 1

  20. Slide 20: Our enablers for the future

    Our enablers for the future PEOPLE DIGITAL INNOVATION & SUSTAINABILITY DESIGN We are committed to We want to be We are on a mission for building an inclusive data-driven, and are We are known for our the lasting wellbeing of culture. We want to investing significantly design, and want to people and

  21. Slide 21: We have clear sustainability priorities to drive real impact

    We have clear sustainability priorities to drive real impact AGAINST THROWAWAY FOR A CARBON FOR INCREASED JOY CULTURE NEUTRAL FUTURE 21 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  22. Slide 22: Fiskars Group commits to climate action by joining the UN Business Ambition for 1.5°C

    Fiskars Group’s science-based targets are: 1. Fiskars Group commits to reduce greenhouse gas emissions from own operations (Scope 1 and 2) 60% by 2030 from a 2017 base year 2. Fiskars Group commits to reduce greenhouse gas emissions from upstream transportation and distribution (Scope 3) 30% by 2030

  23. Slide 23: Progress in sustainability

    Progress in sustainability GREENHOUSE GAS EMISSIONS SEVERAL SUSTAINABILITY REDUCTIONS RECOGNITIONS In Q1 2022, Scope 1 and 2 greenhouse Fiskars Group listed on CDP’s 2021 gas emissions decreased by 5% vs. 2021 Supplier Engagement Leaderboard. and by 43% vs. the 2017 base year. Fiskars Group achieved

  24. Slide 24: Content

    Content Fiskars Group in brief Strategy Business Areas Financials Q1 2022 Appendices 24 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  25. Slide 25: BA Vita

    BA Vita NET SALES AND COMPARABLE EBIT MARGIN KEY CATEGORIES EURm % 200 30 187 180 172 171 160 18.3% 20 17.0% Tableware Drinkware Interior 14.3% 14.6% 140 116 134 11.1% 10.6% 121 118 9.8% 120 8.9% 10 110 6.9% 111 108 101 100 94 KEY BRANDS 1.1% 81 80 -2.1% 0 60 -6.5% 40 -10 -15.4% 20 0 -20 Q1 19 Q2 19

  26. Slide 26: BA Vita – Markets and channels

    BA Vita – Markets and channels KEY MARKETS DISTRIBUTION CHANNELS • Nordics • UK D i r e ct R e tai l e rs; c o n su m er • U.S. S to r e s & sal e s; Bto B • China e - c o mm sto r e s & e - c o mm • Japan 26 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  27. Slide 27: BA Vita – net sales splits (2021)

    BA Vita – net sales splits (2021) SALES SPLIT BY BRAND SALES SPLIT BY CHANNEL SALES SPLIT BY GEOGRAPHY Others Iittala 22% 21% Asia-Pacific Direct 31% 38% Moomin 7% Europe 54% Indirect 21% 62% 13% Royal Copenhagen 15% Waterford Americas 16% Wedgwood 27 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  28. Slide 28: BA Terra

    BA Terra NET SALES AND COMPARABLE EBIT MARGIN KEY CATEGORIES EURm % 180 173 30 160 154 157 149 19.9% 20.5% 140 128 129 20 Gardening Outdoor Watering 125 17.0% 16.3% 118 120 113 14.5% 112 98 11.7% 100 95 96 11.0% 8.2% 10 KEY BRANDS 80 7.0% 5.6% 60 2.2% -0.8% 0 40 -2.8% 20 0 -10 Q1 19 Q2 19 Q3 19 Q4 1

  29. Slide 29: BA Terra – Markets and channels

    BA Terra – Markets and channels KEY MARKETS DISTRIBUTION CHANNELS • U.S. • North & D i r e ct Central R e tai l e rs; c o n su m er Europe S to r e s & Bto B sal e s; sto r e s e - c o mm & e - c omm 29 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  30. Slide 30: BA Terra – net sales splits (2021)

    BA Terra – net sales splits (2021) SALES SPLIT BY BRAND SALES SPLIT BY CHANNEL SALES SPLIT BY GEOGRAPHY Direct Watering Asia-Pacific 1% 3% 17% Europe 39% Outdoor 17% 58% 66% Americas Gardening 99% Indirect 30 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  31. Slide 31: BA Crea

    BA Crea NET SALES AND COMPARABLE EBIT MARGIN KEY CATEGORIES EURm % 50 40 47 45 46 45 44 42 42 40 40 33.5% 39 38 35 36 Scissors Cooking 35 & creating 32 30 30 30 26.8% 25.9% 25.0% 25 23.5% KEY BRANDS 22.5% 20 21.3% 19.9% 19.0% 20 15 16.9% 16.2% 10 13.3% 5 12.3% 0 10 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 2

  32. Slide 32: BA Crea – Markets and channels

    BA Crea – Markets and channels KEY MARKETS DISTRIBUTION CHANNELS • U.S. • North & D i r e ct Central R e tai l e rs; c o n su m er Europe S to r e s & Bto B sal e s; sto r e s e - c o mm & e - c omm 32 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  33. Slide 33: BA Crea – net sales splits (2021)

    BA Crea – net sales splits (2021) SALES SPLIT BY BRAND SALES SPLIT BY CHANNEL SALES SPLIT BY GEOGRAPHY Direct Asia-Pacific 2% 6% Cooking 40% 48% 50% 60% 94% Scissors & Creating Americas Europe Indirect 33 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  34. Slide 34: Group seasonality balanced by portfolio

    Group seasonality balanced by portfolio NET SALES AND EBIT – QUARTERLY SPLIT SEASONAL FEATURES BY BUSINESS AREA 0% 25% 50% 75% 100% Vita Vita • Highest season in year-end holiday period • Seasonal pre-orders approx. one-third of the business; NET SALES Terra the rest from replenishment and DTC • Ord

  35. Slide 35: Content

    Content Fiskars Group in brief Strategy Business Areas Financials Q1 2022 Appendices 35 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  36. Slide 36: Group net sales and profitability development

    Group net sales and profitability development EURm % 1,400 30 1,254 1,205 1,186 1,200 1,107 1,119 1,116 1,090 1,000 20 800 600 42.5% 43.2% 43.0% 43.4% 41.0% 40.5% 38.7% 10 400 200 0 0 2015 2016 2017 2018 2019 2020 2021 Net sales Gross margin 36 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  37. Slide 37: Profitability has improved

    Profitability has improved % EURm 180 168.8 25 160 140 136.8 20 119.0 121.7 120 107.1 13.5% 15 100 90.6 12.3% 75.7 10.9% 80 10.0% 12.3% 8.9% 8.3% 10 60 6.8% 9.8% 9.8% 8.7% 7.7% 7.1% 40 5 5.9% 20 0 0 2015 2016 2017 2018 2019 2020 2021 Comp. EBITA Comp. EBITA margin Comp. EBIT margin 37 APRIL–JUNE 202

  38. Slide 38: Quarterly development – last 3 years

    Quarterly development – last 3 years NET SALES, EUR MILLION COMPARABLE EBIT, EUR MILLION 400 60 353 52 333 313 50 308 302 307 47 300 292 280 41 269 265 267 249 256 40 36 36 34 32 32 200 30 23 22 20 15 100 13 10 10 0 0 Q1 Q2 Q3 Q4 Q1- Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1- Q1 Q2 Q3 Q4 Q1- Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1-

  39. Slide 39: Financial Targets Tracking

    Financial Targets Tracking WE ARE ON TRACK WITH THE FINANCIAL TARGETS FY FY LTM KPI TARGET 2020 2021 MARCH NET SALES Organic, FX neutral Mid-Single-Digit growth z 3.4% 14.2% 10.6% EBIT Mid-teen EBIT margin (excl. IAC) by end of 2025 9.8% 12.3% z 12.4% CASH FLOW Free Cash Flow / Net Profit ≥ 80% 255%

  40. Slide 40: The Growth Strategy addresses all value creation levers

    The Growth Strategy addresses all value creation levers TSR DRIVERS • We secure profit growth through increased focus on Gross Margin improvement PROFIT GROWTH • OPEX fluidity to ensure funding of the strategic growth investments • We manage both short- and long-term profit improvement thru our tigh

  41. Slide 41: Net Sales

    Net Sales WINNING BRANDS, COUNTRIES AND CHANNELS SHARE OF FY NET SALES AND CONTRIBUTION TO FX NEUTRAL GROWTH OF 14.2% (VS. EXPECTED CONTRIBUTION TO STRATEGIC MSD GROWTH TARGET) FY 2021 NET SALES STRUCTURE BY WINNING …AND THEIR CONTRIBUTION TO THE 2021 GROWTH (VS. BRANDS, COUNTRIES AND CHANNELS… EXPE

  42. Slide 42: Profitability - OPEX

    Profitability - OPEX INVESTMENTS IN GROWTH BUILDING BLOCKS ARE FUNDED THRU FLUIDITY AND GROSS PROFIT IMPROVEMENT. CONTINGENCIES IN PLACE TO PROTECT THE BOTTOM LINE OPEX COMPONENTS (% OF NET OPEX LOGIC GROWTH • Sales expenses (incl. DTC) % SALES), ACTUAL VS. TARGET DRIVEN • Expected to follow topline

  43. Slide 43: Capital Expenditure

    Capital Expenditure FUND ALLOCATION FOLLOWS THE STRATEGIC ACCELERATION – DTC AND DIGITAL SHARE OF CAPEX TO INCREASE CAPEX DEVELOPMENT 2018 – 2021 TARGET 4.1 % of 3.7 % of 2.6 % of 2.7 % of ~4% of Net sales Net sales Net sales Net sales Net sales 20% 31% 30% Supply Chain 25% 25% 15% 13% 24% 17% DTC 1

  44. Slide 44: Free Cash Flow

    Free Cash Flow FREE CASH FLOW REMAINS SOLID THOUGH INVESTMENTS IN NWC 2018 2019 2020 2021 KEY TAKEAWAYS 137 137 118 118 224 224 221 221 • Free Cash Flow remained solid 30 at EUR 95m 57 46 40 20 • Net Working Capital back to 33 normalized level after a three- 178 year period of NWC decrease 124 26 11

  45. Slide 45: Balance Sheet

    Balance Sheet STRONG BALANCE SHEET REMAINED UNCHANGED NET DEBT / LTM EBITDA Q4/2017 – Q4/2021 NET DEBT 31.12.2017 – 31.12.2021 3,0 261 3,0X 2,5 2,5X Target to remain below 2,3 2.3 2.5x 2.2 111 2.0 2,0X 1,8 1,7 148 144 145 1,6 135 1,5X 1.3 1.1 1.0 95 1,0X 0,9 112 0.8 0,7 150 0.6 0,6 0,5X 49 34 0,0X Q

  46. Slide 46: Clear growth in dividend for 2021

    Clear growth in dividend for 2021 Base Dividend First dividend Extra Dividend Second dividend DIVIDEND PER SHARE (DPS) HISTORY 2009 –2021 Wärtsilä share EUR distribution 2.60 5.31 1.60 1.40 1.30 1.20 1.00 0.80 0.75 0.76 0.70 0.71 0.72 0.65 0.67 0.68 0.60 0.62 0.60 0.60 0.54 0.56 0.52 0.38 0.28 0.30

  47. Slide 47: Clear growth in dividend for 2021

    Clear growth in dividend for 2021 Base Dividend First dividend Extra Dividend Second dividend DIVIDEND PER SHARE (DPS) HISTORY 2009 –2021 Wärtsilä share EUR distribution 2.60 5.31 1.60 1.40 1.30 1.20 1.00 0.80 0.75 0.76 0.70 0.71 0.72 0.65 0.67 0.68 0.60 0.62 0.60 0.60 0.54 0.56 0.52 0.38 0.28 0.30

  48. Slide 48: Content Q1 2022

    Content Fiskars Group in brief Strategy Business Areas Financials Q1 2022 Appendices 48 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  49. Slide 49: Strong start to the year with solid momentum in our main markets

    Strong start to the year with solid momentum in our main markets EIGHTH PR O FI T ABI LI T Y A LL FO U R FY O U T LO O K C O N S E CUT I VE I M PR O V E M EN T T R A N S FOR MAT I ON U N C H ANGE D: Q U A R T ER O F N E T D R I V E N BY H I G H E R LE V E R S C O M PA RABLE E BI T S A LE S G R O W T

  50. Slide 50: Fiskars Group Comparable Net Sales in Q1 2022

    Fiskars Group Comparable Net Sales in Q1 2022 NET SALES, EUR MILLION NET SALES BRIDGE, EUR MILLION +10.1% +13.5%* +10.1% +13.5% 353 +28.3 +0.8 -0.2 332.6 333 313 307 302 292 280 267 256 +10.7 302.2 -18.0 +8.8 293.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 2021 Divest- FX rate Q1 2021 BA Vita BA Terra BA Crea O

  51. Slide 51: Fiskars Group Comparable EBIT in Q1 2022

    Fiskars Group Comparable EBIT in Q1 2022 COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) COMPARABLE EBIT BRIDGE, EUR MILLION EURm % +5.2 60 20 +1,0 51.8 +4,3 0.0 51,8 18 50 46,6 16 41,4 14 40 46.6 +0,1 35.7 36.0 34.1 12 32.2 30 10 21.9 8 20 15.4 6 4 10 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 2021 BA V

  52. Slide 52: Significant events in Q1

    Significant events in Q1 • Changes in our Fiskars Group leadership: Charlene Patten Zappa appointed EVP, BA Terra, and Anna Mindelöf Chief People Officer. • Merging of the Consumer Experience and Communications function into the Business Areas and other functions. • Completion of the divestment of o

  53. Slide 53: Consolidated Q1 income statement

    Consolidated Q1 income statement KEY TAKEAWAYS EURm Q1 2022 Q1 2021 Q1 2020 Gross margin up 190bps vs. 2021 • Structural changes 150bps of the improvement vs. 2021 Net sales 332.6 302.1 256.2 • Q1 input cost inflation impact on cost of goods was double Comparable gross profit 151.6 132.0 106.1 digit

  54. Slide 54: Vita in Q1 2022

    Vita in Q1 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EURm EURm % +11.6% +9.7%* 200 40 20 187 171 31.9 15 30 150 24.9 24.5 10 134 121 20 111 116 5 108 12.4 12.2 100 94 10.6 10.7 10 0 81 -5 0 50 -10 -6.1 -10 -15 -12.4 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 -20 -20 Q1 Q2 Q3 Q4

  55. Slide 55: Terra in Q1 2022

    Terra in Q1 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EURm EURm % +10.2% +19.6%* 180 173 40 25 11 35.5 160 154 157 149 31.2 20 140 27 30 129 26.1 120 118 15 21 113 111 20 18.8 98 17.4 100 12.4 10 80 162 10 130 6.8 6.2 60 5 108 40 0 0 20 -3.3 0 -10 -5 Q1 Q2 Q3 Q4 Q

  56. Slide 56: Crea in Q1 2022

    Crea in Q1 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EURm EURm % +6.0% +2.2%* 50 15 35 47 13.9 45 46 45 44 41 42 30 40 38 11.6 11.3 11.4 36 35 25 32 10 30 8.3 8.1 8.1 20 25 5.7 15 20 5.2 5 15 10 10 5 5 0 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 20

  57. Slide 57: Net sales by geography in Q1 2022

    Net sales by geography in Q1 2022 EURm Q1 2022 Q1 2021 CHANGE CHANGE* Europe 155.0 143.9 7.8% 8.2% Unallocated Americas 124.6 119.0 4.7% 13.7% Asia-Pacific Asia-Pacific 51.2 40.9 25.1% 22.8% 0.5% 15,4% Unallocated** 1.8 -1.6 *Excluding the impact of exchange rates, acquisitions and divestments **Geo

  58. Slide 58: Q1 Cash Flow

    Q1 Cash Flow SEASONALLY LOW FREE CASH FLOW FURTHER DOWN DUE TO TIMING OF THE TRADE WORKING CAPITAL. LIQUIDITY REMAINED HEALTHY. DISTRIBUTABLE CASH FLOW (EURm) CHANGE IN LIQUIDITY (EURm) Q1 2022 Q1 2021 Q1 2020 Q1 2022 Q1 2021 Q1 2020 EBITDA 56.5 61 .0 24.0 Cash Balance period opening 31.5 62.5 9.4 N

  59. Slide 59: Q1 Balance Sheet

    Q1 Balance Sheet WHILST WE INVESTED IN INVENTORIES TO ENSURE AVAILABILITY, WE CON TINUED IMPROVING ROCE. CAPITAL EMPLOYED (EURm) FUNDING (EURm) 31.3.22 31.3.21 31.3.20 31.3.22 31.3.21 31.3.20 GW and other intangible 489.9 485.9 506.9 Equity 787.4 729.0 745.5 PPE and biological assets 1 90.3 1 93.4 2

  60. Slide 60: Full Year Outlook unchanged

    Full Year Outlook unchanged: In 2022, Fiskars expects the comparable EBIT to increase from 2021 (2021: EUR 154.2 million). Although the business environment is getting more unpredictable and volatile, and not all impacts on our business can be foreseen, we continue to execute our growth strategy wit

  61. Slide 61: Appendices

    Content Fiskars Group in brief Strategy Business Areas Financials Q1 2022 Appendices 61 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  62. Slide 62: Largest shareholders as of April 30, 2022

    Largest shareholders as of April 30, 2022 NUMBER OF % OF SHARES AND # SHAREHOLDER NAME SHARES VOTES 1 Virala Oy Ab 12,650,000 15.45 2 Turret Oy Ab 11,430,961 13.96 3 Holdix Oy Ab 10,165,537 12.41 4 Sophie Von Julins Stiftelse 2,556,000 3.12 5 Julius Tallberg Corp. 2,554,350 3.12 6 Gripenberg Gerda M

  63. Slide 63: Shareholder structure as of April 30, 2022

    Shareholder structure as of April 30, 2022 Financial and NU MBER OF % OF SHARES 5,0% 1,7% insurance SECTOR SHARES AND VOTES 17,7% corporations 7,1% Financial and insurance Households corporations 14,525,584 17.7% Households 26,939,174 32.9% Non-financial corporations Non-financial corporations 29,16

  64. Slide 64: Leadership Team

    Leadership Team Nathalie Ahlström Jussi Siitonen Christian Bachler Charlene Zappa Tuomas Hyyryläinen CEO CFO Executive Vice President, Executive Vice President, Executive Vice President, Employed 2020 Employed 2021 Business Area Vita, Business Area Terra Business Area Crea Employed 2010 Employed 202

  65. Slide 65: Board of Directors

    Board of Directors 65 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  66. Slide 66: Cost of Goods

    Cost of Goods COGS TOTAL OWN PRODUCTION DIRECT MATERIAL 100% 100% 100% Logistics Plastics Inbound 75% 75% Direct Materials 75% Steel Sourcing Aluminium 50% 50% 50% Packaging Labour Inbound 25% 25% 25% Components Own production Energy Other Other 0% 0% 0% 66 APRIL–JUNE 2022 Ⓒ FISKARS GROUP

  67. Slide 67: Calculation of financial indicators

    Calculation of financial indicators INDICATOR DEFINITION EDITBA EBIT + depreciation and amortization EBITDA + change in provisions + non-cash adjustments – capital expenditure +/- change Free Cash Flow in inventories, trade receivables and trade payables – cash taxes Cash conversion Free cash flow /

  68. Slide 68: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward-looking statements are reasonable, no as

  69. Slide 69: Thank you!

    Thank you!

Fiskars Group — Investor Presentation (June 2022) on 6ix