Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Q2 2022 Earnings Presentation

21 slides from Fiskars Oyj Abp's earnings presentation, Jul 27, 2022

  1. Slide 1: Half-year Financial Report 2022

    Half-year Financial Report 2022 BROAD-BASED SALES GROWTH, JANU ARY – JU NE 2022 COMPARABLE EBIT STABLE DESPITE COST INFLATION

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward-looking statements are reasonable, no as

  3. Slide 3: Highlights of Q2 2022

    Highlights of Q2 2022 NINTH C O S T I N C R E AS ES I N V E S T M EN TS I N FY O U T LO O K C O N S E CUT I VE PA R T I A LLY GROWTH U N C H ANGE D: Q U A R T ER O F N E T M I T I G A T E D, FU N D AM EN TALS C O M PA RABLE E BI T S A LE S G R O W T H C O M PA RABLE E BI T A R E D E LI V E R I NG T

  4. Slide 4: Fiskars Group Comparable Net Sales in Q2 2022

    Fiskars Group Comparable Net Sales in Q2 2022 NET SALES, EUR MILLION NET SALES BRIDGE, EUR MILLION +3.9% +7.7%* +3.9% +7.7%* 353 +6.9 +0.1 319.1 333 313 319 +7.3 302 307 292 307.2 -24.3 280 +8.7 +15.2% 267 +13.2 296.1 +5.5% +7.3% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 2021 Divest- FX rate Q2 2021 BA Vita BA

  5. Slide 5: Fiskars Group Comparable EBIT in Q2 2022

    Fiskars Group Comparable EBIT in Q2 2022 COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) COMPARABLE EBIT BRIDGE, EUR MILLION EUR million % Q2/22 vs. Q2/21 reported Q2/22 vs. Q2/21 adjusted -5.1 -2.2 60 20 41.4 -2.9 +0.4 +0.4 -5.2 51.8 18 +2.3 50 46.6 16 38.5 41.4 36.3 14 40 35.7 36.0 36.3 34.1 12

  6. Slide 6: The Growth Strategy – clear strategic focus and transformation levers

    The Growth Strategy – clear strategic focus and transformation levers WE FOCUS ON WINNING: LOGIC Brands Channels Countries Commercial excellence Direct to consumer TRANSFORMATION LEVERS U.S. China INNOVATION ENABLERS PEOPLE DIGITAL SUSTAINABILITY & DESIGN 6 28 JULY 2022 Ⓒ FISKARS GROUP

  7. Slide 7: Progress in transformation levers

    Progress in transformation levers Q2 2022 H1 2022 Commercial • Broad-based sales growth in all business areas, good balance with volume and value growth excellence • Cost increases partially mitigated, underlying gross margin declined Direct to • Direct channel +15%; DTC 18% of net sales • Direct ch

  8. Slide 8: Progress in sustainability

    Progress in sustainability GREENHOUSE GAS EMISSIONS COLLABORATION WITH REDUCTIONS OUTOKUMPU • Fiskars Group is the first company 2030 target: GHG emissions from own to make use of their new Circle operations (Scope 1 and 2) reduced by Green stainless steel - a new 60% from a 2017 base year product l

  9. Slide 9: Full Year Outlook unchanged

    Full Year Outlook unchanged: In 2022, Fiskars expects the comparable EBIT to increase from 2021 (2021: EUR 154.2 million). Fiskars closely monitors the development of consumer confidence, which has dropped to low levels in many of the company’s key markets and could impact the demand for its product

  10. Slide 10: Q2 2022

    Q2 2022 10 28 JULY 2022 Ⓒ FISKARS GROUP

  11. Slide 11: Financial Targets Tracking

    Financial Targets Tracking WELL ON TRACK WITH SALES GROWTH TARGET, INFLATION AND SUPPLY CHA IN DISRUPTIONS AFFECTING EBIT AND CASH FLOW FY FY LTM KPI TARGET 2020 2021 JUNE 2022 NET SALES Organic, FX neutral Mid-Single-Digit growth z 3.4% 14.2% 10.5% EBIT Mid-teen EBIT margin (excl. IAC) by end of 20

  12. Slide 12: Consolidated Q2/H1 income statement

    Consolidated Q2/H1 income statement Q2 and H1 P&L Key Figures (EUR million) Key Takeaways Q2 H1 Gross margin up 30bps (Q2) and 110bps (H1) vs. 2021 2022 2021 2022 2021 • Structural change as main driver; organic GM down Net sales 319.1 307.2 651.7 609.4 220bps (Q2) and 90bps (H1) Comparable gross pr

  13. Slide 13: H1/22 Gross margin and EBIT bridge by component

    H1/22 Gross margin ja EBIT bridge by component DTC ~2/3 88.0 88.1 81.9 Digital acceleration ~1/2 US Water Cost Other H1-22 expense Sales and General growth R&D Price/Mix/CI Marketing H1-21 Admin income/ Adjusted Volume inflation 13 28 JULY 2022 Ⓒ FISKARS GROUP

  14. Slide 14: Vita in Q2 2022

    Vita in Q2 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) +9.7% EUR million % +7.3%* 40 20 200 187 31.9 15 171 30 24.9 24.5 10 150 134 20 121 127 14.4 5 111 116 12.4 10.6 12.2 10.7 108 10 0 100 81 -5 0 50 -10 -10 -15 -12.4 0 -20 -20 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4

  15. Slide 15: Terra in Q2 2022

    Terra in Q2 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) -6.2% +5.5%* EUR million % 180 173 40 25 35.5 160 154 157 149 31.2 139 30 20 140 33 24 26.1 113 118 120 111 5.1 15 98 20 17.4 100 15.0 12.4 2.9 10 80 10 6.8 6.2 60 5 40 0 0 20 -3.3 0 -10 -5 Q2 Q3 Q4 Q1 Q2 Q3 Q4

  16. Slide 16: Crea in Q2 2022

    Crea in Q2 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EUR million EUR million % +23.2% 60 +15.2%* 15 13.9 35 52 50 46 47 11.6 11.7 30 45 44 11.3 11.4 41 42 40 38 25 36 10 8.3 8.1 8.1 20 30 5.7 15 20 5 10 10 5 0 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

  17. Slide 17: Net sales by geography in Q2 2022

    Net sales by geography in Q2 2022 COMP. EUR million Q2 2022 Q2 2021 CHANGE CHANGE* Unallocated Europe 145.1 136.6 6.2% 5.9% Asia-Pacific 2.1% Americas 119.0 129.5 -8.1% 6.3% 15.1% Asia-Pacific 48.2 42.2 14.3% 11.4% Unallocated** 6.7 -1.0 *Excluding the impact of exchange rates, acquisitions and dive

  18. Slide 18: Q2/H1 Cash Flow

    Q2/H1 Cash Flow HIGHER INVENTORIES IMPACTING CASH FLOW NEGATIVELY, LIQUIDITY REM AINED HEALTHY DISTRIBUTABLE CASH FLOW (EURm) CHANGE IN LIQUIDITY (EURm) Q2 H1 Q2 H1 2022 2021 2022 2021 2022 2021 2022 2021 EBITDA 54 54 111 115 Cash Balance period opening 48 31 32 63 Non-cash adjustments -6 1 -15 -1 T

  19. Slide 19: Q2 Balance Sheet

    Q2 Balance Sheet CAPITAL EMPLOYED (EUR million) FUNDING (EUR million) 30.6.22 30.6.21 31.12.21 30.6.22 30.6.21 31.12.21 GW and other intangible 497 486 489 Equity 818 759 816 PPE and biological assets 195 191 195 Interest-bearing debt 191 82 65 Capitalised leases (ROU) 99 85 107 Lease liabilities 10

  20. Slide 20: Highlights of Q2 2022

    Highlights of Q2 2022 NINTH C O S T I N C R E AS ES I N V E S T M EN TS I N FY O U T LO O K C O N S E CUT I VE PA R T I A LLY GROWTH U N C H ANGE D: Q U A R T ER O F N E T M I T I G A T E D, FU N D AM EN TALS C O M PA RABLE E BI T S A LE S G R O W T H C O M PA RABLE E BI T A R E D E LI V E R I NG T

  21. Slide 21: Thank you!

    Fiskars Gro up 2022 Thank you! 21 28 JULY 2022 Ⓒ FISKARS GROUP

Fiskars Oyj Abp — Q2 2022 Earnings Presentation on 6ix