Slide 1: Oriola Corporation Half year financial report January-June 2022
Oriola Corporation Half year financial report January-June 2022
Slide 2: Q2 2022 key points
Q2 2022 key points “Solid performance continued – operating environment remains uncertain” • Total Oriola net sales increased by 8% and invoicing increased by 4%. Comparable adjusted EBIT to EUR 8.6 (4.1) million • Continuing operations net sales increased by 10% (on a constant currency basis net sa
Slide 3: Key figures Q1-Q2 2022 for continuing and discontinued operations
Key figures Q1-Q2 2022 for continuing and discontinued operations Invoicing Q1-Q2 Net sales Q1-Q2 Adjusted EBIT Q1-Q21 EUR million EUR million EUR million 2 200 1 000 35 2 000 900 30 1 800 800 1 600 504 25 10.2 1 019 700 436 468 1 400 898 984 942 600 448 20 897 399 1 200 500 15 8,6 1 000 400 10 800
Slide 4: Operating environment
& Oriola pe haa Operating environment
Slide 5: Oriola Services markets were growing in Q2
Oriola Services markets were growing in Q2 Market share wholesale Market share dose dispensing Sweden Sweden Pharmaceutical market in value Q2: Total market 52 BSEK Oriola 45% (46%) Oriola 42% (43%) Sweden +9.1% ~ 250,000 Others 55% (54%) patients Others 58% (57%) Source: IQVIA and Oriola estimate S
Slide 6: Pharmacy market value and volume grew in Q2 in Sweden
Pharmacy market value and volume grew in Q2 in Sweden Pharmacy market value development in Sweden in Q2: +5.5% Pharmacy market volume grew in Sweden in Q2 Online pharmacy market size in Sweden Total online pharmacy market grew by 4% in BSEK Apr-Jun 2022 (17%) and its share of the total Market shares
Slide 7: Segment reviews Q2 2022
Segment reviews Q2 2022
Slide 8: Oriola Services Q2: Higher demand and mitigated cost pressures
Continuing operations Oriola Services Q2: Higher demand and mitigated cost pressures • Market demand growing in both countries Adjusted EBIT 1 EUR million 2020 2021 2022 • Invoicing increased by 3.7% to EUR 903.9 million, (on a constant currency basis invoicing increased by 6.0%) 10 8,7 • Net sales
Slide 9: Discontinued operations Consumer Q2: Steady performance despite inflation pressure
Discontinued operations Consumer Q2: Steady performance despite inflation pressure • Market demand grew Y/Y Adjusted EBIT 1 • Net sales decreased by 2.5% to EUR 202.3 million, EUR million 2020 2021 2022 (on a constant currency basis net sales increased by Consumer, impact of lower depreciations 12 0
Slide 10: Financials Q2 2022
Financials Q2 2022
Slide 11: Q2: Profit for the period and EPS increased
Continuing and discontinued operations Q2: Profit for the period and EPS increased Profit for the period, continuing and Earnings per share, continuing and discontinued operations discontinued operations EUR million EUR 2020 2021 2022 2020 2021 2022 12,0 12 0.08 0,07 10 8.8 0.06 8 0,05 6.8 0.04 0.04
Slide 12: Q2: Operating cash flow increased, driven by improved profitability
Continuing and discontinued operations Q2: Operating cash flow increased, driven by improved profitability and changes in working capital Quarterly net cash flow from operating activities1 Q2 YTD 2022 change in cash1 EUR million EUR million 2020 2021 2022 80 200 60 -2.1 46 42 150 -10.8 39 67,7 40 29
Slide 13: Q2: Net Interest-Bearing Debt declined Y/Y
Q2: Net Interest-Bearing Debt declined Y/Y Net interest-bearing debt1 Net interest-bearing debt items EUR million EUR million 2020 2021 2022 160 Net interest-bearing debt item 30 Jun 2022 30 Jun 20211 140 Bank loans 63.0 86.7 120 (syndicated Bank & term) 100 Commercial papers 51.9 71.5 Advance payme
Slide 14: Equity ratio and gearing improved in Q2 2022
Equity ratio and gearing improved in Q2 2022 Equity ratio1 Gearing2 % % 2020 2021 2022 2020 2021 2022 25 125 99,8 102,3 20,1 20 19.1 19,8 19,9 100 91.8 94.7 18.0 75,0 75 14,8 64.1 15 14.1 14.0 13.3 53,8 12,4 46.5 50 10 25 8,3 5 0 -4,6 0 -25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2 2020 and 2021 figures include dis
Slide 15: The comparable adjusted EBIT is estimated to increase from the 2021 level
The comparable adjusted EBIT is estimated to increase from the 2021 level. The COVID-19 pandemic continues and severity as well as duration of the pandemic remain unclear in Oriola’s operating environment. Furthermore, the recent overall inflationary increases and related cost pressures may have a s
Slide 16: Turnaround continues
Turnaround continues
Slide 17: Short-term action plan to improve profitability during 2022
Short-term action plan to improve profitability during 2022 – impacts fully visible in 2023 1. Cost savings • Increased transparency and customer focus via country-based structure: annual cost Simplified savings EUR 7 million - from the first quarter of 2022 onwards operating model • Divestment of p
Slide 18: Q2 2022 Key take-aways
Q2 2022 Key take-aways “Solid performance continued – operating environment remains uncertain” Net sales and invoicing continued to increase – 1 comparable adjusted EBIT EUR 8.6 million, +111 % All-time high inflation – cost savings supporting to mitigate 2 inflationary cost pressures Turnaround act
Slide 19: Our next events Thank you!
Our next events 27/10/2022 Interim Report 1-9/2022 Contact: investor.relations@oriola.com Thank you!
Slide 20: 22.7.2022
22.7.2022 20