Slide 1: Raisio plc's Interim Report for January-September 2018
Raisio plc’s Interim Report for January-September 2018 President and CEO Pekka Kuusniemi 7 November 2018
Slide 2: Raisio's Q3/2018 in brief
Raisio’s Q3/2018 in brief • Q3 down by Russian import ban on fish feeds • Raisioaqua’s net sales -7.6 M€ and EBIT -1.8 M€ • Additional marketing investment of 1 M€ in key brands • In Russia, net sales and profitability in roubles at the comparison period level as a result of price increases • In Pol
Slide 3: Divestment of the cattle feed business completed
Divestment of the cattle feed business completed • The cattle feed business transferred to the new owner 1 November 2018 • The transaction was subject to the Finnish Competition and Consumer Authority’s approval • Enterprise value EUR 34 million • Sales profit some EUR 12.5 million • Raisio’s key fi
Slide 4: Raisio's 2018 full-year outlook unchanged
Raisio’s 2018 full-year outlook unchanged • Raisio expects the net sales of the Group’s continuing operations to total some EUR 230 million. • The company estimates that the comparable EBIT for the Group’s continuing operations is some 12 per cent of net sales. • Exchange rates will continue to sign
Slide 5: Raisio Group net sales and EBIT Q3/2018
Raisio Group net sales and EBIT Q3/2018 Continuing operations Net sales Comparable EBIT M€ M€ % Raisioaqua -7.6 M€ 70 15 20 Raisioaqua -1.8 M€ Additional marketing 60 67.7 15.9% investments -1 M€ 63.1 15 50 10 10.8 40 12.3% 10 30 7.8 5 20 5 10 0 0 0 Q3/2017 Q3/2018 Q3/2017 Q3/2018 5
Slide 6: Raisio Group net sales and EBIT 1-9/2018
Raisio Group net sales and EBIT 1-9/2018 Continuing operations Net sales Comparable EBIT M€ M€ % 180 180.9 30 20 160 172.6 29.2 140 16.1% 15 120 20 100 11.9% 80 10 20.6 60 10 40 5 20 0 0 0 1-9/2017 1-9/2018 1-9/2017 1-9/2018 6
Slide 7: Key figures, balance sheet 1-9/2018
Key figures, balance sheet 1-9/2018 1-9/2018 1-9/2017 Equity ratio, % 76.7 69.6 Gearing, % - 30.0 - 3.9 Net interest-bearing debt, M€ - 76.4 - 11.9 Equity per share, € 1.62 1.93 Investments, M€ 3.7 8.4 7
Slide 8: Healthy Food
Healthy Food
Slide 9: Healthy Food Division's net sales and EBIT Q3/2018
Healthy Food Division’s net sales and EBIT Q3/2018 continuing operations Net sales Comparable EBIT Grain trade’s structural Additional M€ arrangement +3 M€ M€ marketing % investments 20 50 51.9 10 19.0% -1 M€ 48.9 40 8 9.3 15 14.1% 30 6 7.3 10 20 4 5 10 2 0 0 0 Q3/2017 Q3/2018 Q3/2017 Q3/2018 9
Slide 10: Healthy Food Division's net sales and EBIT 1-9/2018
Healthy Food Division’s net sales and EBIT 1 - 9/2018 continuing operations Net sales Comparable EBIT M€ M€ % 150 30 19.8% 150.8 147.8 20 25 29.8 15.2% 15 100 20 22.5 15 10 50 10 5 5 0 0 0 1-9/2017 1-9/2018 1-9/2017 1-9/2018 10
Slide 11: Healthy Food, Northern and Eastern Europe
Healthy Food, Northern and Eastern Europe • Some 50% of the Healthy Food Division’s net sales • In Finland, net sales at the comparison period level excluding the impact of structural arrangement of the grain trade • Sales in Benecol and Elovena brands at the comparison period level • As a result of
Slide 12: Elovena Muru Oat Mince: Raisio's latest oat innovation
Elovena Muru Oat Mince: Raisio’s latest oat innovation • Genuinely different product into a growing plant protein category • Neutral flavour, used as minced meat • Main raw material: Finnish oat (41%) • Healthy, plenty of protein and fibre • 100 % plant-based • Short and clear ingredient list • Comp
Slide 13: Elovena is Finland's most valued oat brand
Elovena is Finland’s most valued oat brand • Naturally from healthy oat: convenient and delicious products to consumers’ everyday life • The best sold oat products in Finland: • Elovena instant porridges: consumers' favourites • Elovena Dark Chocolate snack biscuit, one of Finland’s most popular bis
Slide 14: Healthy Food, Western Europe
Healthy Food, Western Europe • Over 30% of Healthy Food Division’s net sales • In the UK, the expansion of distribution coverage for new Benecol products continued • Net sales at the comparison period level • Significant investments in new category launches • Extensive advertising campaign increased
Slide 15: Healthy Food, Rest of the World
Healthy Food, Rest of the World • Some 15% of the Healthy Food Division’s net sales • Sales were up in plant stanol ester, the Benecol product ingredient, for the production of consumer products sold in Raisio’s own markets • Plant stanol ester sales to licensing partners significantly down from the
Slide 16: Raisioaqua
Raisioaqua
Slide 17: Raisioaqua Division's net sales and EBIT Q3/2018
Raisioaqua Division’s net sales and EBIT Q3/2018 Net sales EBIT M€ M€ % 20 3 20 Russian import ban on 18.4 fish feeds 4 Aug 2018 2.7 15 15 2 14.8% 10 10 10.9 8.6% 1 5 5 0.9 0 0 0 Q3/2017 Q3/2018 Q3/2017 Q3/2018 17
Slide 18: Raisioaqua Division's net sales and EBIT 1-9/2018
Raisioaqua Division’s net sales and EBIT 1-9/2018 Net sales EBIT M€ M€ % 30 3 3.1 20 25 29.2 15 20 23.9 2 15 10.5% 10 10 1 1.0% 5 5 0.2 0 0 0 1-9/2017 1-9/2018 1-9/2017 1-9/2018 18
Slide 19: Raisioaqua
Raisioaqua • As a result of exceeded GMO levels, the Russian authorities interrupted the import of fish feeds 4 August 2018 • The GMO soy product is made by a Finnish supplier responsible for ensuring that the product is in line with the agreement • Raisio continues to negotiate with the supplier on
Slide 20: Food for Health, Heart and Earth.
Raisio’s purpose: Food for Health, Heart and Earth.