Rapala Vmc Oyj · OMXHEX:RAP1V
Rapala Vmc Oyj — Q2 2014 Earnings Presentation
22 slides from Rapala Vmc Oyj's earnings presentation, 2014
Slide 1: Rapala VMC Corporation Interim Report Q2 2014
RAPALA VMC CORPORATION INTERIM REPORT Q2 2014
Slide 2: Net sales, comparable operating profit, EPS, cash flow
• • • • • • • Net sales, MEUR Comparable EPS, EUR operating profit, Cash flow from MEUR operations, MEUR 0,15 0,16 11,6 13,1 0,08 83,7 81,4 77,7 9,7 21,5 22,3 16,2 2012 2013 Q2/2014 2012 2013 Q2/2014 2012 2013 Q2/2014 2012 2013 Q2/2014 Interim report Q2 2014 2
Slide 3: Net sales
• • • • • • Net sales 90 80 70 60 MEUR 50 40 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2010 2011 2012 2013 2014 Interim report Q2 2014 3
Slide 4: Interim report Q2 2014
-2% 19,5 19,8 +2% -10% 19,8 -4% 30,7 21,9 31,9 -3% 7,6 -5% 7,8 • • • • • • • • • • • • • • • • • Interim report Q2 2014 4
Slide 5: Net sales by region
• • • • • • • • • • • • • • • • 90 80 70 60 MEUR 50 40 30 20 10 0 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2010 2011 2012 2013 Q1 Q2 Q3 Q4 North America Nordic Rest of Europe Rest of the World Interim report Q2 2014 5
Slide 6: Group products and third party products
• • • • • • • 90 80 70 60 MEUR 50 40 30 20 10 0 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2010 2011 2012 2013 Q1 Q2 Q3 Q4 Group products Third party products Interim report Q2 2014 6
Slide 7: Operating profit
• • • • • • • • 16 18% 14 16% 12 14% 12% 10 10% MEUR 8 8% 6 6% 4 4% 2 2% 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2010 2011 2012 2013 2014 Operating profit, MEUR Operating profit, % Interim report Q2 2014 7
Slide 8: Operating profit by product group
• • • • • • 16 14 12 10 8 MEUR 6 4 2 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -2 2010 2011 2012 2013 2014 -4 Group products Third party products Interim report Q2 2014 8
Slide 9: Net profit
• • • • • • • 10 0,25 8 0,20 6 0,15 Net profit 4 0,10 EPS 2 0,05 0 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -2 -0,05 2010 2011 2012 2013 2014 -4 -0,10 Net profit attributable to equity holders of the company, MEUR Net profit attributable to non-controlling interests, MEUR EPS, EUR
Slide 10: Cash flow from operations, MEUR
• • • • • • • • • Cash flow from operations, MEUR 25 160 140 20 120 15 100 10 80 5 60 0 40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -5 2010 2011 2012 2013 2014 20 0 -10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -15 2010 2011 2012 2013 2014 -20 Total working capital, MEUR Inv
Slide 11: Gearing, equity ratio and net interest-bearing debt
• • • • • Net interest-bearing debt, 90% MEUR 80% 120 73,2 % 95,7 96,4 68,1 % 100 70% 80 60% MEUR 60 50% 42,8 % 42,6 % 40 40% 20 30% 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Gearing
Slide 12: Cornerstones of the Profitable Growth Strategy
Cornerstones of the Profitable Growth Strategy 2014 2014 2014 Interim report Q2 2014
Slide 13: Interim report Q2 2014
• • • • • • • • • • • • • Interim report Q2 2014 13
Slide 14: End of Presentation
END OF PRESENTATION
Slide 15: Appendices
APPENDICES RAPALA VC CORP.
Slide 16: QRT Key figures
QRT Key figures MEUR Q2/2014 Q2/2013 Q1-Q4/2013 Net sales 77.7 81.4 286.6 Operating profit 8.6 13.4 26.1 Operating profit margin, % 11.1% 16.5% 9.1% Comparable operating profit 9.7 13.1 27.1 Comparable operating profit margin, % 12.4% 16.1% 9.5% Net profit for the period 4.1 7.8 16.1 EPS (basic), EU
Slide 17: YTD Key figures
YTD Key figures MEUR Q1-Q2/2014 Q1-Q2/2013 Q1-Q4/2013 Net sales 143.9 156.7 286.6 Operating profit 16.0 22.0 26.1 Operating profit margin, % 11.1% 14.1% 9.1% Comparable operating profit 16.3 21.2 27.1 Comparable operating profit margin, % 11.4% 13.5% 9.5% Net profit for the period 8.4 14.4 16.1 EPS
Slide 18: EPS
EPS EPS, EUR 0,25 0,20 0,15 0,10 EUR 0,05 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -0,05 2010 2011 2012 2013 2014 -0,10 0,50 100 % 0,45 90 % 0,40 80 % 0,35 70 % 0,30 60 % EUR 0,25 50 % 0,20 40 % 0,15 30 % 0,10 20 % 0,05 10 % - 0% 2010 2011 2012 2013 EPS, EUR DPS, EUR Payout, % Inte
Slide 19: Profit and loss account
Profit and loss account MEUR Q2 2014 Q2 2013 Q1-Q2/2014 Q1-Q2/2013 Q1-Q4 2013 Net sales 77.7 81.4 143.9 156.7 286.6 Other operating income 0.2 0.2 0.3 0.3 0.8 Materials and services 35.8 36.0 64.3 71.2 134.4 Personnel expenses 17.1 16.7 34.0 32.9 64.0 Other costs and expenses 14.8 13.7 26.7 27.3 54.
Slide 20: Balance sheet
Balance sheet MEUR Q1-Q2 2014 Q1-Q2 2013 Q1-Q4 2013 ASSETS Non-current assets Intangible assets 70.7 71.8 70.0 Property, plant and equipment 30.9 29.6 30.6 Non-current assets Interest-bearing 3.8 3.4 3.0 Non-interest-bearing 9.6 10.3 10.1 115.0 115.0 113.7 Current assets Inventories 113.9 112.5 110.
Slide 21: Interim report Q2 2014
• • • • • • • • • • • • • Interim report Q2 2014 21
Slide 22: Financial Trends
Financial Trends 275 250 225 200 175 150 MEUR 125 100 Sales and scope 990001020304050607080910111213 45 Profitability 40 35 30 25 20 15 10 990001020304050607080910111213 20% 18% 16% 14% 10% 8% 6% 4% 2% 0% 800% Balance sheet positio! 700% 600% 500% 400% 300% 200% 100% 0% 99000102030405060708091011121