Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — Q3 2017 Earnings Presentation
26 slides from Apetit Oyj's earnings presentation, Nov 2, 2017
Slide 1: Apetit interim report Q3
CEO Juha Vanhainen Apetit interim report Q3 January - September 2017 Briefing for Analysts and Media November 2nd, 2017 Scandic Simonkenttä, Helsinki APETIT PLC | Interim report Q3 November 2nd 2017 1
Slide 2: Interim report Q1-Q3/2017
Interim report Q1-Q3/2017 2 APETIT PLC | Interim report Q3 November 2nd 2017
Slide 3: Continuing operations Q1-Q3/2017
Continuing operations Q1-Q3/2017 July-September 2017 (Q3) January-September 2017 (Q1-Q3) • The net sales EUR 75.0 (77.8) million • The net sales EUR 226.9 (231.6) million Konsernin liikevaihto oli 91,9 (87,5) miljoonaa euroa • Operational EBITDA EUR 3.2 • Operational EBITDA EUR 4.7 (4.2) million (2.
Slide 4: Apetit Group, including discontinued operations Q1-Q3/2017
Apetit Group, including discontinued operations Q1-Q3/2017 July-September 2017 (Q3) January-September 2017 (Q1-Q3) Group, including discontinued operations (Seafood) Group, including discontinued operations (Seafood) • Group’s consolidated net sales EUR 89.9 (91.9) million • Group’s consolidated net
Slide 5: Creating wellbeing with vegetables
• Apetit produces food solutions based on vegetables and vegetable oils Apetit Group • Apetit is active in the trading of grains, Creating oilseeds and raw materials for feeds in Finland and internationally • Its customers include consumers, the wellbeing with retail trade, the HoReCa (hotel, restau
Slide 6: Business segment review
Business segment review APETIT PLC | Interim report Q3 November 2nd 2017 6
Slide 7: Apetit Group's continuing operations
Apetit Group’s continuing operations Food Solutions Oilseed Products Grain Trade Frozen + fresh Vegetable oils and Grain, oilseed and the vegetable solutions expeller animal feedstuff trade Leading brand in The most reliable Strategic vegetable-based Product leader partner with the focus food soluti
Slide 8: Food Solutions Q3/2017: Sales increased and profit improved
Food Solutions Q3/2017 Food Solutions Sales increased and profit improved from last year GROWTH IN SALES IN ALL PRODUCT GROUPS Net sales EUR million, comparison 2017/2016 CONSUMER AND CUSTOMER • Segment's net sales was EUR 23.6 (22.8) 72.1 74.9 million 2016 2017 A third of Finns have increased their
Slide 9: Oilseed products Q3/2017: Satisfactory results in weak harvest season
Oilseed products Q3/2017 Oilseed products Satisfactory results in weak harvest season NET SALES DECLINED BY DELAYED DOMESTIC Net sales OPERATING ENVIRONMENT HARVEST EUR million, comparison 2017/2016 Oilseed farming and harvesting conditions in • Segment’s net sales was EUR 16.5 (17.6) million 2016 2
Slide 10: Grain Trade Q3/2017
Grain Trade Q3/2017 Grain Trade Sales incresed, profit on same level with comparison period OPERATING ENVIRONMENT SALES INCREASED, VOLUMES SAME LEVEL Net sales EUR million, comparison 2017/2016 WITH COMPARISON PERIOD World grain stocks are at high levels as we enter 2016 2017 • Segment’s net sales i
Slide 11: Low price level in grain market, price fluctuations have decreased
Low price level in grain market, price fluctuations have decreased 350 • The price of wheat on the international market has fallen over the last two harvest 300 seasons • The changes in wheat prices 250 affect also other food and feed grain prices EUR / tonne 200 • Market volatility has remained on
Slide 12: Continuing operations Q1-Q3/2017: Summary of January-September
Continuing operations Q1-Q3/2017 Summary of January-September Apetit konserni 1-3/2017 Food Solutions Oilseed Products Grain Trade Continuing operations in total LIIKEVAIHTO NET SALES NET SALES NET SALES NET SALES EUR 74.9 M EUR 49.6 M EUR 113.5 M 91,9 EUR M€M 226.9 (EUR 72.1 M) (EUR 52.3 M) (EUR 11
Slide 13: Discontinued operations Q1-Q3/2017
Discontinued operations Q1-Q3/2017 Seafood segment APETIT OYJ | Osavuosikatsaus Q3/2017 2.11.2017 13
Slide 14: Sale of the Seafood segment to Insula AS executed
Seafood business operations sale to Insula AS Sale of the Seafood segment to Insula AS executed Transaction announced on 29 June 2017 was completed as of 1 November 2017 as a business Estimated profit impact EUR -2.2 M transfer in Finland and as a share transaction of Maritim Food Group in Norway an
Slide 15: Profitability of Seafood segment improved
Seafood Q3/2017 Discontinued operations | Seafood Profitability of Seafood segment improved NET SALES OF THE SEGMENT DECLINED Net sales EUR million, comparison 2017/2016 • Segment's net sales was EUR 17.6 (20.5) million 2016 2017 Seafood segments operations has been • Smaller sales volumes in Finlan
Slide 16: Apetit Group in total, Q1-Q3/2017
Apetit Group in total, Q1-Q3/2017 Summary of January-September Apetit Apetit konserni Group 1-3/2017 Discontinued Q1-Q3/2017 Continuing operations, Seafood operations in total LIIKEVAIHTO NET SALES NET SALES NET SALES 91,9 EUR M€M 226.9 EUR 58.0 M (EUR 63.7 M) EUR 276.2 M (87,5 (EUR M€) 231.6M) (EUR
Slide 17: Net sales and operational EBIT of continuing operations Q1-Q3/2017
Net sales and operational EBIT of continuing operations Q1-Q3/2017 Net sales Operational EBIT EUR million, comparison 2017/2016 EUR million, comparison 2017/2016 2016 2017 2016 2017 226.9 231.6 1.8 1.6 0.8 0.7 0.7 85.9 77.3 77.8 80.5 74.6 75 67.9 -0.1 -0.4 -0.7 -0.8 Q1 Q2 Q3 Q4 Q1-Q3 Q1 Q2 Q3 Q4 Q1-
Slide 18: Solid financial position
Solid financial position September 30th, September 30th, EUR million 2017 2016 Working capital, continuing operations 39.5 49.7 Freed-up working capital Net cash flow from operating activities Q1-Q2/2017 12.2 14.5 Total equity 110.1 115.9 Net debt, continuing operations 8.3 20.0 Equity ratio, % 62.6
Slide 19: Apetit organic programme
Apetit organic programme 19 APETIT PLC | Interim report Q3 November 2nd 2017
Slide 20: Our mission: To take organic in vegetables to new level
Our mission: To take organic in vegetables to new level Apetit responsible Retail farming 1. Boosting organic 2. Developing Own experimental production Apetit organic Professional kitchens farm with the products farmers Export Our vision: Education and 20 % of consultation products New channels orga
Slide 21: Implementing strategy
Implementing strategy APETIT PLC | Interim report Q3 November 2nd 2017 21
Slide 22: We advance in becoming the leaders in vegetable-based food solutions
We advance in becoming the leaders in vegetable- based food solutions, according to our strategy 2016 2017 2018 Food Expansion in fresh products Renewal of frozen products Service and product development Enchancing exports Oilseed In-depth R&D operations Further processing of oilseed products Grain
Slide 23: Strategic guidelines
Strategic guidelines Growth through higher value-added products Increased agility, with a focus on the production and an attractive brand and commercial scale New opportunities and industrial symbioses for Primary production in partnership networks the food chain from the bioeconomy through closer c
Slide 24: Outlook for 2017
Outlook for 2017 • Sales in the Finnish retail sector and professional food service sector are expected to pick up in comparison to the previous year, but the price competition is expected to remain intensive. Ample supply is expected to continue to prevail in the global grains market, keeping price
Slide 25: Apetit develops and innovates
#kasvisjauhis #apetitluomu #neito 2017: Apetit develops and innovates eating #vege #tuorekset #vegebuumi Visio 2018 #puolikiloapäivässä The leader in vegetable-based food solutions APETIT PLC | Interim report Q3 November 2nd 2017 25
Slide 26: Apetit thank you.
Apetit thank you.