Raisio Plc Class K · OMXHEX:RAIKV
Raisio Plc Class K — Q4 2023 Earnings Presentation
19 slides from Raisio Plc Class K's earnings presentation, Feb 13, 2024
Slide 1: Net sales in 2023 at previous year's level, profitability significantly improved
Net sales in 2023 at previous year’s level, profitability significantly improved in a challenging operating environment Raisio's financial statements 2023 CEO Pekka Kuusniemi Raisio plc, 13 February 2024
Slide 2: Raisio Group's net sales and EBIT 2023
Raisio Group's net sales and EBIT 2023 Continuing operations without Raisioaqua PROFITABILITY IMPROVED BY +23.9% IN NET SALES COMPARABLE EBIT AND COMPARABLE JANUARY–DECEMBER EBITDA M€ M€ • The operating environment was challenging, -0.6% +16% with rising interest rates, inflation weighing on growth
Slide 3: Raisio Group's net sales and EBIT Q4/2023
Raisio Group's net sales and EBIT Q4/2023 Continuing operations without Raisioaqua NET SALES COMPARABLE EBIT AND COMPARABLE PROFITABILITY REMAINED AT A GOOD EBITDA LEVEL IN OCTOBER–DECEMBER M€ M€ -2.5% -5.3% • In the consumer markets, net sales varied 10 between markets: the value of sales rose in 6
Slide 4: Cash flow almost quadrupled
Cash flow almost quadrupled 2023 2022 WE FOCUSED ON OPERATIONAL EFFICIENCY AND ENSURING Cash flow, M€ 37.0 11.2 PROFITABILITY Investments, M€ 9.0 5.2 • We managed to maintain costs at the previous year's level Equity ratio, % 80.4 79.2 despite inflationary pressures. Equity per share, € 1.65 1.66 •
Slide 5: Raisio's Outlook 2024 and proposal for profit distribution 2023
RAISIO’S OUTLOOK 2024 Raisio provides guidance for its 2024 comparable EBIT to either remain at the same level as 2023 or slightly increase. In 2023, Raisio’s comparable EBIT was EUR 22.7 million. RAISIO'S PROPOSAL FOR PROFIT DISTRIBUTION 2023 The Board of Directors’ dividend proposal for the Annual
Slide 6: Overview by segment: Healthy Food
OVERVIEW BY SEGMENT: Healthy Food 13 February 2024 Raisio's financial statements 2023 6
Slide 7: Healthy Food Segment Q4/2023
Healthy Food Segment Q4/2023 • Healthy brand products for consumers • The main market areas are Finland, the UK, Ireland, Poland, Belgium and Ukraine GEOGRAPHICAL BREAKDOWN OF NET SALES QUARTERLY DEVELOPMENT OF NET SALES: Q4/2023: Q1/23 vs Q2/23 vs Q3/23 vs Q4/23 vs 7% Q1/23 Q2/22 Q3/22 Q4/22 41% We
Slide 8: Healthy Food Segment's net sales and EBIT Q4/2023
Healthy Food Segment’s net sales and EBIT Q4/2023 NET SALES COMPARABLE EBIT DIFFERENCES IN DEVELOPMENT BETWEEN MARKET AREAS AND M€ BRANDS M€ -0.2% +13.9% • Profitability increased in Northern 7 Europe, while in Western Europe, high 40 35,6 35.6 35,5 35.5 6 inflation and increased price competition 5
Slide 9: New products gain in importance during economically challenging times
New products gain in importance during economically challenging times SALES OF NEW PRODUCTS AS A PROPORTION OF NET SALES IN NORTHERN EUROPE 20 50% 45% 40% 15 35% 30% 10 25% 20% 14% 14% 16% 16% 15% 5 9% 10% 10% 7% 4% 5% 0 0% 2022-Q1 2022-Q2 2022-Q3 2022-Q4 2023-Q1 2023-Q2 2023-Q3 2023-Q4 New products
Slide 10: Overview by segment: Healthy Ingredients
OVERVIEW BY SEGMENT: Healthy Ingredients 13 February 2024 Raisio's financial statements 2023 10
Slide 11: Healthy Ingredients Segment Q4/2023
Healthy Ingredients Segment Q4/2023 INGREDIENTS • Sale of grain-based foods and ingredients and sale of plant proteins to industrial and catering companies • Benecol® licensing • Global market with a focus on Europe 13 February 2024 Raisio's financial statements 2023 11
Slide 12: Healthy Ingredients Segment's net sales and EBIT Q4/2023
Healthy Ingredients Segment’s net sales and EBIT Q4/2023 Continuing operations without Raisioaqua NET SALES COMPARABLE EBIT NET SALES DECREASED CLEARLY IN OCTOBER–DECEMBER M€ -7.1% M€ -29.9% • Raisio’s sales to both domestic and 30 29,1 29.1 2 1.8 foreign bakeries and industrial and 27.1 27,1 cateri
Slide 13: Raisio's Healthy Growth Strategy 22–2025: Tailwind behind our back
Raisio's Healthy Growth Tailwind behind our back Strategy 2022–2025 Plant-based eating High-quality options As plant-based eating becomes more widespread Benecol® and and the range of products on offer expands, more plant stanol ester and more expectations are being placed on product quality. soluti
Slide 14: Raisio updates its financial targets for the strategy period 2022–2025
Raisio updates its financial targets for the strategy period 2022–2025 Raisio's previous financial targets for the Raisio's updated financial targets for the strategy strategy period 2022–2025 period 2022–2025 • Compound annual growth rate (CAGR) for the net sales of the Raisio Group as a whole 9% R
Slide 15: Entering new markets: The Netherlands & Belgium
ENTERING NEW MARKETS The Netherlands & Belgium 13 February 2024 Raisio's financial statements 2023 15
Slide 16: Elovena to Albert Heijn's assortment
Elovena® to Albert Heijn’s assortment • The largest supermarket chain in the Netherlands adds Elovena® products to its assortment in February 2024. • The best-known retailer and a market leader in the Netherlands. • Active also in Belgium, where its presence is growing. • Products will be available
Slide 17: Strong brand
Strong brand • The Netherlands and Belgium We aim to establish are natural export destinations a permanent position for Elovena® products: for our oat products in • We have conducted a careful markets much larger market analysis of spending than Finland. habits in European countries. • Consumption o
Slide 18: Raisio
RAISIO
Slide 19: www.raisio.com
RAISIO WWW.RAISIO.COM