Anora Group Oyj · OMXHEX:ANORA
Anora Group Oyj — Investor Presentation (April 2022)
38 slides from Anora Group Oyj's investor presentation, April 2022
Slide 1: Investor presentation
Market leader | Growth ambition | Forerunner Investor presentation April 2022
Slide 2: Contents
Contents 03 Introduction 07 The leading wine and spirits brand house in the Nordics 18 Anora’s industrial business 21 Our sustainability approach 26 Key financials 30 Merger 35 Why invest in Anora Investor presentation | April 2022 | 2
Slide 3: The leading wine and spirits brand house in the Nordic region
Introduction The leading wine and spirits brand house in the Nordic region and an industry forerunner in sustainability Key figures 2021, pro forma Distillery Production Net sales, MEUR Comparable Employees EBITDA, MEUR Logistics Sales Head office 665 101 1100 The leading player in the Nordic region
Slide 4: Unique portfolio of own and partner brands
Introduction Unique portfolio of own and partner brands Key Anora brands Key partner brands Wine Spirits Investor presentation | April 2022 | 4
Slide 5: A well-balanced and stable business
Introduction A well-balanced and stable business Consumer beverage products account for 79% of Anora net sales Aggregate net sales by Aggregate net sales by Aggregate beverage net sales country, MEUR product category, MEUR by brand category, MEUR Other Logistics 3% Industrial 5% 16 % Sweden 37 % Ind
Slide 6: Forerunner in sustainability
Our sustainability approach Forerunner in sustainability Striving for Supporting Leading in Promoting carbon neutral a responsible eco-friendly an inclusive and production drinking culture packaging safe workplace • Production based on • Increasing number of • Aiming for 100% • Striving towards circ
Slide 7: The leading wine and spirits brand house in the Nordics
The leading wine and spirits brand house in the Nordics Investor presentation | April 2022 | 7
Slide 8: The Nordic wine and spirits market is large and non-cyclical
The leading wine and spirits brand house in the Nordics The Nordic wine and spirits market is large and non-cyclical Value of the Nordic wine Wine: Volume development Spirits: Volume development and spirits market1 and growth forecast1 and growth forecast1 CAGRe Spirits +1.7% +1.7% 34 % CAGRe 12.0 +
Slide 9: Leading positions across the Nordics & Baltics
The leading wine and spirits brand house in the Nordics Leading positions across the Nordics & Baltics Anora beverage sales Nordic overall Norway Finland channels1 market position Wine Spirits Wine Spirits #1 #1 Wine Spirits #1 #1 #1 #1 State retail monopolies • Finland, Sweden and Norway Sweden 79%
Slide 10: Bringing the best of the world's wine to the Nordics
The leading wine and spirits brand house in the Nordics Bringing the best of the world’s wine to the Nordics Our offering focuses on Nordic consumer preferences and key trends Flexibility to respond to consumer trends through a global partner network Net sales1 Sales channels Anora wine companies ac
Slide 11: Our entrepreneurial wine companies
The leading wine and spirits brand house in the Nordics Our entrepreneurial wine companies FINLAND SWEDEN NORWAY Investor presentation | April 2022 |
Slide 12: Complete spirits portfolio with iconic local and international brands
The leading wine and spirits brand house in the Nordics Complete spirits portfolio with iconic local and international brands Strong product category width and depth Unflavoured Cognac & vodka & Aquavit other grape Gin Bitter Liqueur Whiskey Rum Tequila Other spirits spirits Key Anora brands Key par
Slide 13: Stronger capabilities to grow through Nordic innovations
The leading wine and spirits brand house in the Nordics Stronger capabilities to grow through Nordic innovations Innovative culture and eager to be in front of market • We always aim at creating value for our business, customers, partners and consumers. • It is imperative for us that our customers a
Slide 14: Accelerating digital drinks experiences
The leading wine and spirits brand house in the Nordics Accelerating digital drinks experiences Leading digital platforms in the Nordic wine and spirits industry • Extensive consumer reach through websites, social media and newsletters • For example, in Sweden Anora sites combined have on average 50
Slide 15: Sales excellence and local presence
The leading wine and spirits brand house in the Nordics Sales excellence and local presence The unique features of the Nordic market require a local touch • Unparalleled customer and consumer insight across all Nordic markets • Strong combined salesforce - access to and strong presence in all custom
Slide 16: Growth opportunities in travel retail and exports
The leading wine and spirits brand house in the Nordics Growth opportunities in travel retail and exports Attractive and versatile brand portfolio • Leading positions with own and partner brands, both wine and spirits, and access to all major Nordic travel retail operators - airports as well a cruis
Slide 17: Summary
The leading wine and spirits brand house in the Nordics Summary Superior Leading Market-leading Strongest route-to- digital Growth portfolio of own innovators in market and platforms in opportunities and partner the Nordics sales the Nordic in travel retail brands excellence wine and and exports spi
Slide 18: Anora's industrial business
Anora’s industrial business Investor presentation | April 2022 | 18
Slide 19: Industrial products and services
Anora’s industrial business Industrial products and services Innovative Nordic provider of high-quality solutions and services to industrial partners • Comprises Koskenkorva plant operations, starch, feed component and technical ethanol businesses, as well as contract manufacturing services and logi
Slide 20: Logistics
Anora’s industrial business Logistics Vectura AS Leading wine and spirits logistics service provider in Norway • Modern logistics facility located at Gjelleråsen • Full service logistics provider for wine and spirits in the Norwegian market • Handles approx. 12 500 different products for more than 1
Slide 21: Our sustainability approach
Our sustainability approach Investor presentation | April 2022 | 21
Slide 22: Forerunner in sustainability
Our sustainability approach Forerunner in sustainability Striving for Supporting Leading in Promoting carbon neutral a responsible eco-friendly an inclusive and production drinking culture packaging safe workplace • Production based on • Increasing number of • Aiming for 100% • Striving towards circ
Slide 23: Koskenkorva Distillery circular economy
Our sustainability approach Koskenkorva Distillery circular economy Ashes used as fertilizer We use 100% of the barley grain • 209 million kg of Finnish barley consumed annually • 99.5% recycling & Feed Grain spirit reutilisation rate 20-25% of barley 32-37% of barley • Over 67% fuel self-sufficienc
Slide 24: Anora takes an active role in transforming the no/low category
Our sustainability approach Anora takes an active role in transforming the no/low category Going from a functional ”must” into a modern lifestyle choice • Our ambition is to support a modern, responsible drinking culture, where consumers can make conscious, sustainable and healthier choices • We hav
Slide 25: Climate smart packaging
Our sustainability approach Climate smart packaging Leader in environmentally friendly packaging in the Nordics Bag-in-Box PET Light glass Tetras and pouches BIB over 80% lower CO2 footprint PET over 60% lower CO₂ footprint Over 20% lower CO₂ Over 80% lower CO₂ footprint footprint About 50% of wines
Slide 26: Key financials
Key financials The merger of Altia and Arcus to form Anora Group Plc was completed on 1 September 2021. Arcus has been consolidated to Anora as of 1 September 2021. Investor presentation | April 2022 | 26
Slide 27: Pro forma and reported 2021 figures
Pro forma Reported (IFRS) 2021 2021 665.0 478.2 Net sales, EUR million (627.7) (342.4) Comparable EBITDA, EUR 101.0 71.7 million (98.3) (52.4) The merger of Altia and Arcus to form Anora Group Plc was completed on 1 September 2021. Arcus has been consolidated to Anora as of 1 September 2021. Investo
Slide 28: Key figures
Key financials Key figures (IFRS) 2021 2020 Net sales, EUR million 478.2 342.4 Comparable EBITDA, EUR million 71.7 52.4 % of net sales 15.0 15.3 Items affecting comparability, EUR million -8.8 -12.1 Result for the period, EUR million 31.2 17.8 Earnings per share, EUR 0.67 0.49 Net debt, EUR million
Slide 29: Strengthened financial capacity for growth outside Nordics
Key financials Strengthened financial capacity for growth outside Nordics Net sales and comparable EBITDA1 Net cash flow from operating activities1 EURm EURm • Highly stable and profitable business 478,2 52,6 56,1 359,0 359,6 • Low capex needs 357,3 342,4 50,8 37,6 71,7 • High cash generation and lo
Slide 30: Merger
Merger Investor presentation | April 2022 | 30
Slide 31: Must-win battles and enablers to deliver on ambition
Focus areas Must-win battles and enablers to deliver on ambition Phase 1: Synergy capture & reignite growth Phase 2: Expansion through M&As 1 2 3 4 5 Drive efficiency and Reignite own business Grow partner business Unlock value in Step-change Must-win battles effectiveness, focusing portfolio buildi
Slide 32: Step-change in scale with efficiencies across the value chain
Focus areas Step-change in scale with efficiencies across the value chain Increase scale and control of own operations leads to reduced carbon footprint, more sustainable operations and less complexity resulting in improved efficiency and profitability Strong manufacturing Efficiency gains across th
Slide 33: Strong value creation for shareholders from significant synergies
Merger Strong value creation for shareholders from significant synergies Synergy sources Sourcing and manufacturing Logistics and warehousing Cost SG&A Other OPEX Expansion in core Nordic markets Revenues Acceleration in non-core and new markets Potential run-rate EBITDA net synergies EUR ~8-10m Inv
Slide 34: Anora's Executive Management Team
Anora in brief Anora’s Executive Management Team Pekka Tennilä Janne Halttunen Kirsi Puntila Hannu Tuominen CEO SVP, Wine SVP, International SVP, Industrial Henrik Bodekær Sigmund Toth Thomsen SVP, Spirits Kirsi Lehtola CFO CHRO Previously served as International career in the Long career with globa
Slide 35: Why invest in Anora?
Why invest in Anora? Investor presentation | April 2022 | 35
Slide 36: Why invest in Anora: Market leader | Growth ambition | Forerunner
Key investment highlights Why invest in Anora: Market leader | Growth ambition | Forerunner 1. 2. Market leader 3. 4. Capacity to in the profitable Global industry Step-change grow in and and stable forerunner in scale drives outside the Nordic wine in sustainability productivity Nordics and spirits
Slide 37: Thank you
Thank Thankyou you Investor presentation | April 2022 | 37
Slide 38: More information: www.anora.com
More information: www.anora.com Investor Relations: tua.stenius-ornhjelm@anora.com Follow us: Investor presentation | April 2022 38 |