Harvia Oyj · OMXHEX:HARVIA

Harvia Oyj — Shareholder Meeting (April 2021)

21 slides from Harvia Oyj's shareholder meeting presentation, April 2021

  1. Slide 1: CEO's review

    CEO’s review Tapio Pajuharju, CEO Copyright © 2021 Harvia Plc

  2. Slide 2: Mission and Vision

    M I SSI ON Healing with Heat. O u r p a s s i o n i s t o s h a re t h e re l a x i n g h e a l i n g e f fe c t s o f s a u n a w i t h the world. V I SI ON We a i m t o b e t h e g l o b a l l e a d e r i n t h e s a u n a & s p a i n d u s t r y w i t h c o m p l e te o f fe r i n g s fo r p ro f

  3. Slide 3: Company confidential – Copyright Copyright © 2021 Harvia

    Company confidential – Copyright Copyright © © 2020 2021Harvia Harvia Oyj Plc

  4. Slide 4: Harvia's four sustainability areas

    Harvia’s four sustainability areas CODE OF CONDUCT PERSONNEL ENVIRONMENTAL IMPACTS OF PRODUCTION ■ Ethical and responsible ■ Well-being and job satisfaction operations ■ Attracting and retaining talent ■ Environmental program ■ Anti-corruption ■ Respecting the human rights of ■ Efficient use of reso

  5. Slide 5: Sustainability is a part of everyday life at Harvia

    Sustainability is a part of everyday life at Harvia Harvia is a pioneer in cleaner burning. The The Muurame factory Harvia GreenFlame fire only uses emission- chamber enables the free electricity wood to burn more produced by 100% efficiently, producing renewable energy less fine particulate forms.

  6. Slide 6: Company confidential – Copyright Copyright © 2021 Harvia

    Company confidential – Copyright Copyright©©2020 2021Harvia HarviaOyj Plc

  7. Slide 7: Harvia Group Management Team

    Harvia Group Management Team MIKA SUOJA TAPIO PAJUHARJU ARI VESTERINEN DAVID AHONEN ANSSI PELKONEN Vice President, CEO Chief Financial Officer Export Director Sales Director, Finland Operations & Sourcing At Harvia since 2016 At Harvia since 2014 At Harvia since 1996 At Harvia since 2000 At Harvia s

  8. Slide 8: Highlights of 2020

    Highlights of 2020 Copyright © 2021 Harvia Plc

  9. Slide 9: Harvia celebrated a work-filled 70-year anniversary

    Harvia celebrated a work-filled 70-year anniversary Copyright Copyright©©2020 2021Harvia HarviaOyj Plc

  10. Slide 10: Highlights of 2020

    HIGHLIGHTS OF 2020 Significant revenue and profitability growth continued, driven by exceptionally positive demand • Revenue and profitability increased significantly despite the COVID-19 pandemic. • Revenue growth in almost all product groups and market areas. • COVID-19 has temporarily boosted the

  11. Slide 11: Significant revenue and profitability growth continued in 2020

    Significant revenue and profitability growth continued in 2020, driven by exceptionally positive demand Copyright © 2021 Harvia Plc

  12. Slide 12: Growth in exceptional conditions

    Growth in exceptional conditions Revenue by market area, % Revenue by product group, % 5% 3% (6%) 15% (6%) (14 %) 7% 25% (8%) (33%) 3% (5%) 16% 9% (9%) (8%) 54% (54%) 24% 19% 19% (23%) (20%) (16%) Sauna heaters Finland Other European countries Sauna rooms North America Germany Control units Russia O

  13. Slide 13: 2020: Revenue increased by 47.3%

    2020: Revenue increased by 47.3% Revenue by market area 1–12/2019 vs 1–12/2020 EUR million 120 +9.0 -0.8 (76.4%) (-18.7%) 109.1 110 +8.9 +2.1 (52.0%) (36.8%) 100 +10.8 (156.9%) 90 +3.5 +1.5 (14.3%) (35.1%) 80 74.1 70 60 50 2019 Finland Other Germany Other Russia North America Other 2020 Scandinavia

  14. Slide 14: 2020: Strong growth in almost all product groups

    2020: Strong growth in almost all product groups Revenue by product group 1–12/2019 vs 1–12/2020 EUR million 120 +5.8 +5.9 +4.3 -0.3 (56.4%) 109.1 110 (72.6%) (-8.0%) (40.4%) +19.3 100 (48.5%) 90 80 74.1 70 60 50 2019 Sauna heaters Sauna rooms Control units Steam generators Others* 2020 • Revenue gr

  15. Slide 15: Product launches in 2020

    Product launches in 2020 The heart of the Harvia Legend The Harvia Variant View sauna was GreenFlame 240 heater is the The Harvia BlackSteel heater range The Harvia C170VKK control unit launched in Europe and two new completely renewed GreenFlame 20 consists of the popular Cilindro and designed for

  16. Slide 16: Megatrends supporting the sauna and spa business

    Megatrends supporting the sauna and spa business LONGER LIVES – LONGER ENJOYMENT ENVIRONMENTAL CONSCIOUSNESS GUIDES CONSUMER CHOICES DIGITALIZATION AFFECTS ALSO SAUNAS THE GROWING MIDDLE CLASS HAS PURCHASING POWER Copyright ©© Copyright 2021 Harvia 2021 Oyj Harvia Plc

  17. Slide 17: Harvia aims to be the leading player in the sauna and spa market

    Harvia aims to be the leading player in the sauna and spa market Increasing the value of the Geographical expansion Productivity improvement average purchase Copyright © 2021 Harvia Plc

  18. Slide 18: Systematic execution of strategy

    Systematic execution of strategy Increasing the value of the Geographical Productivity average purchase expansion improvement • Upselling in heaters, control units • North America - Almost Heaven Saunas: • Excellent agility in ramping up capacity and componentry performing well. Own direct and onlin

  19. Slide 19: Harvia continues investments in increasing production capacity

    Harvia continues investments in increasing production capacity • In early 2021, Harvia acquired a production facility in Lewisburg, West Virginia, USA for approximately EUR 2.1 million to increase the production capacity of Almost Heaven Saunas by approximately one third, thanks to a new layout and

  20. Slide 20: Financial targets and outlook

    Financial targets and outlook GROWTH PROFITABILITY LEVERAGE >5% >20% 1.5x-2.5x Average annual revenue Adjusted operating profit growth margin1 Net debt/adjusted EBITDA2 Harvia does not publish a short-term outlook. 1) Adjusted operating profit is operating profit before items affecting comparability

  21. Slide 21: Copyright © 2021 Harvia Plc

    Copyright © 2021 Harvia Plc

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