Aak Ab · OMXSTO:AAK
Aak Ab — Investor Day (November 2011)
15 slides from Aak Ab's investor day presentation, Nov 15, 2011
Slide 1: Capital Market Day November 15, 2011
Arne Frank CEO Capital Market Day November 15, 2011
Slide 2: Today's agenda
Today´s agenda 10.00 – 10.40 Overview – AAK Acceleration Arne Frank CEO 10.40 – 10.55 Financial Update Anders Byström CFO 10.55 – 11.10 Break 11.10 – 11.30 Infant Nutrition Jan-Olof Lidefelt General Manager Infant Nutrition 11.30 – 12.00 AAK USA Jean-Marc Rotsaert President AAK USA 12.00 – 12.30 Q&A
Slide 3: AAK participants - Copenhagen
AAK participants - Copenhagen Arne Frank Anders Byström Jean-Marc Rotsaert Jan-Olof Lidefelt President and CEO CFO President AAK USA General Manager Infant Nutrition Anne Mette Olesen Fredrik Nilsson Torben Friis-Lange VP Human Resources, Head of Investor President BA Chocolate & Communication and C
Slide 4: Third quarter
Third quarter Net sales in the third quarter increased to SEK 4,462 (3,774) million • Increased raw material prices and better product mix • Negative currency translation impact of SEK 246 million • Volumes increased by 5 percent due to increases in speciality volumes, including the impact of the Go
Slide 5: Food Ingredients
Food Ingredients Industry Areas Bakery Solutions Dairy Solutions Infant Nutrition Food Service Frying Oils Growth Drivers Health • Reduction/elimination of trans fats • Reduction of saturated fats Sustainability • Raw materials • Production methods and logistics Growing food service
Slide 6: Food Ingredients
Food Ingredients Volumes Sales Operating profit 2011 10% 28% 18% 33% 32% 32% 44% 14% 16% 14% 13% 17% 12% 8% 9% 17% 2010 32% 33% 29% 34% 9% 36% 12% 5% 12% 18% 19% 33% 5% 6% Bakery & Bakery Service Food Service Dairy Fat Alternative Infant Nutrition Frying & Other Commodity 6 The first choice for valu
Slide 7: Chocolate & Confectionery Fats
Chocolate & Confectionery Fats Product Areas Cocoa Butter Equivalents, CBE and CBI Cocoa Butter Replacers, CBR Cocoa Butter Substitutes, CBS Filling Fats Cosmetics Growth Drivers Health • Reduction/elimination of trans fats • Reduction of saturated fats Cost efficiency World wide log
Slide 8: Technical Products & Feed
Technical Products & Feed Product Areas Fatty acids and glycerine for various technical applications Biolubricants for metalworking, forestry and construction Proteins and fats for the animal feed Growth Drivers Cost efficiency Sustainability • Environmental friendly products Product safety
Slide 9: AAK's relative position in Growth markets (edible oils volume)
AAK´s relative position in Growth markets (edible oils volume) Slow growing markets • Nordics 30% Slow growing 50% Medium growing • West Europe High growing 20% Medium growing markets • USA • CEE • CIS Slow growing 50% 50% Fast growing markets Medium and High growing • Asia • Latin America The
Slide 10: AAK Acceleration – 12 Priority Projects
AAK Acceleration – 12 Priority Projects Growth Efficiency People 1. Bakery 8. Purchasing 10. Sales Management & 2. Dairy 9. Productivity Sales Processes 3. CCF 11. Mobilize Ourselves 4. Infant Nutrition 12. Internal Communication 5. Food Service 6. Merger & Acquisition 7. Fast-growing Economies • Ch
Slide 11: AAK Acceleration - Growth
AAK Acceleration - Growth AAK Acceleration projects KPI´s Bakery Dairy CCF Infant Nutrition Food Service Merger & Acquisition N.A. Fast-growing economies • China • Brazil Ahead of plan On plan Behind plan The first choice for value-added vegetable oil solutions 11
Slide 12: AAK Acceleration - Efficiency
AAK Acceleration - Efficiency AAK Acceleration projects KPI´s Purchasing Productivity Ahead of plan On plan Behind plan The first choice for value-added vegetable oil solutions 12
Slide 13: AAK Acceleration - People
AAK Acceleration - People AAK Acceleration projects KPI´s Sales • Sales Management • Sales Training • Technical Training • Price Management Mobilize Ourselves Internal communication Ahead of plan On plan Behind plan The first choice for value-added vegetable oil solutions 13
Slide 14: AAK Acceleration - Management Growth ambition on track
AAK Acceleration - Management Growth ambition* on track 2000 Acquisitions 1800 Organic Growth Productivity 1600 Operating profit 2010 1400 400 CAGR 15 % 1200 1000 400 900 800 800 700 600 600 500 400 800 400 800 300 200 200 100 0 0 2010 In appr 4-6 years * As expressed at the Capital Market Day Novem
Slide 15: Concluding remarks from CEO
Concluding remarks from CEO We continue to see very positive effects of the AAK Acceleration program Speciality volumes increased The acquisition of Golden Foods/Golden Brands significantly strengthens us The effects on our industry from the more difficult general economy in Europe are difficult to