Slide 1: Group net sales increased by 23% and profitability improved
GROUP NET SALES INCREASED BY 23% AND PROFITABILITY IMPROVED Fodelia Oyj Business Review 3.5.2022 CEO Mikko Tahkola and CFO Kati Kokkonen
Slide 2: Agenda
1 Financial development in January-March and highlights 2 Business development 3 Strategy and future 4 Events after the period under review and Q&A
Slide 3: Financial development in January-March and highlights
1/4 Financial development in January-March and highlights
Slide 4: Group net sales increased by 23% and profitability improved
1 2 3 4 January-March 2022 GROUP NET SALES INCREASED BY 23% AND PROFITABILITY IMPROVED • Summary for January–March 2022 • Net sales for the period under review grew by 22.8%, to EUR 9,237,000 (EUR 7,520,000, 39.6%) • EBITDA for the period under review was EUR 651,000, or 7.0% of net sales (EUR 350,0
Slide 5: Key figures
1 2 3 4 January-March 2022 Key figures Group (Thousand euros) 1-3/2022 1-3/2021 Change-% 1-12/2021 Net sales 9 237 7 520 22,8 34 072 EBITDA 651 350 86,0 2 410 % of net sales 7,0 4,7 7,1 EBIT 245 -40 714,9 1 186 % of net sales 2,7 -0,5 3,5 Profit for the period 104 -99 204,8 653 % of net sales 1,1 -1
Slide 6: Corona pandemic has affected the Finnish Foodservice for two years
1 2 3 4 Highlights Corona pandemic has affected the Finnish Foodservice fortwo years • The Foodservice net sales in Finland grew by 5,9 percent in 2021 but it was at 12,7 percent lower level than before the Corona pandemic in 2019 (PTY statistics) • The Corona pandemic has forced Fodelia to expand i
Slide 7: Development of Foodservice market in Finland
1 2 3 4 Highlights Development of Foodservice market in Finland • Foodservice market net sales grew by 21,7 per cent between January- March in Finland • In March 2022 the growth was 45,8 per cent compared to previous year • Source: PTY (https://www.pty.fi/foodservice-tukkukaupan-liikevaihto-kasvoi-m
Slide 8: Fodelia has taken major steps toward more responsible operations
1 2 3 4 Highlights Fodelia has taken major steps yet more responsible operations • We have told that we are aiming for carbon neutrality by 2035 • Feelia has accomplished the carbon footprint calculation of first products • Also Real Snacks’ classic product Oikia Spicy Matilda has Carbon footprint g
Slide 9: Business development
2/4 Business development @ Fodelia
Slide 10: Real Snacks
Real Snacks Finnish vitality and growth
Slide 11: Net sales in Real Snacks own brands have continued to grow
1 2 3 4 January-March 2022 Net sales in Real Snacks own brands have continued to grow • Real Snacks’ net sales during profit period remained at approximately same level compared to year before • Normal seasonal changes affected the business • Net sales in own brands have continued to grow • Relative
Slide 12: Feelia and FodNet
Feelia and FodNet Real Snacks Finnish vitality and growth
Slide 13: The net sales of Feelia and FodNet still in strong growth
1 2 3 4 January-March 2022 The net sales of Feelia and FodNet still in strong growth • The combined net sales of Feelia and FodNet grew by 47 per cent during the profit period • The combined EBIT of Feelia and FodNet grew by almost 23 per cent during the profit period Key figures/ Feelia and FodNet
Slide 14: Feelia's Foodservice net sales in strong growth
1 2 3 4 January-March 2022 Feelia’s Foodservice net sales in strong growth • In January-March Feelia’s Foodservice net sales grew by 41 per cent compared to same period the year before • The growth was due to positive market development and new care-sector clients • New comprehensive care-sector cli
Slide 15: FodNet Oy – Feelia E-commerce
1 2 3 4 January-March 2022 FodNet Oy – Feelia E-commerve • Net sales of the Feelia E-Commerce grew by 58 % on the previous year in Q1 • The company is undergoing robust development • There is reorganisation in logistics and the online platform is being improved • Continued strong growth is expected
Slide 16: The development of Feelia E-commerce net sales
1 2 3 4 January-March 2022 The development of Feelia E-commerce net sales Net sales 1600 000 1400 000 1200 000 1000 000 800 000 600 000 400 000 200 000 - Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Finnish vitality and growth
Slide 17: Perniön Liha and Pita Factory
Perniön Liha and Pita Factory Finnish vitality and growth
Slide 18: Perniön Liha and Pita Factory
1 2 3 4 January-March 2022 Perniön Liha and Pita Factory • The net sales of Perniön Liha and Pita Factory reduced 12 per cent during the profit period • Normal seasonal changes affected Perniön Liha’s and Pita Factory’s business during the profit period • Because Easter, was in April this year, Q1 f
Slide 19: Fodbar
Fodbar Finnish vitality and growth
Slide 20: Fodbar is a solution for outsourcing municipal food services
1 2 3 4 January-March 2022 Fodbar is a solution for outsourcing municipal food services Current model of municipal food services Central kitchen • Fodbar combines the expertise of Fodelia’s subsidiary Feelia Oy and Barona HoReCa Oy, part of the Bravedo Group Food preparation kitchen • Pre-cooked foo
Slide 21: Strategy and future
3/4 Strategy and future @ Fodelia
Slide 22: Strategy
1 2 3 4 Strategy Finnish vitality and growth
Slide 23: Effects of Ukraine's war to Fodelia
1 2 3 4 Future Effects of Ukraine’s war to Fodelia Risen raw-material costs can bring challenges to business • Fodelia does not have any business operations in Russia or Belarus • The war in Ukraine has indirect impacts on Fodelia for example via risen cost prices. There can also be challenges in av
Slide 24: Updated long-term targets and outlook for 2022
1 2 3 4 Financial targets Updated long-term targets and outlook for 2022 Long-term targets Dividend policy The Group’s net sales in 2026 are over EUR 100 million Fodelia strives to distribute at least The Group’s operating margin is approximately 8-10% 35% of its earnings as dividends to The group’s
Slide 25: Events after the period under review and Q&A
4/4 Events after the period under review and Q&A
Slide 26: Fodelia's annual general meeting 2022
1 2 3 4 Annual general meeting 2022 Fodelia’s annual general meeting 2022 • The annual general meeting was held 12th of April 2022 without the presence of shareholders due to so-called temporary law (375/2021) • The annual general meeting adopted the financial statements and resolved to discharge fr
Slide 27: CEO of Fodelia's subsidiary Real Snacks Oy has resigned
1 2 3 4 Change in management group CEO of Fodelia’s subsidiary Real Snacks Oy has resigned • Meber of Fodelia’s management group and the CEO of Fodelia’s subsidiary Arja Kastarinen has resigned and will leave the company to work for another employer at last in October 2022 • The search for her follo
Slide 28: Q&A
Q&A
Slide 29: Thank you!
Kiitos! Thank you! mikko.tahkola@fodelia.fi