Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — H1 2017 Earnings Presentation
25 slides from Apetit Oyj's earnings presentation, Aug 11, 2017
Slide 1: Apetit half-year financial report January-June 2017
CEO Juha Vanhainen Apetit half-year financial report January - June 2017 Briefing for Analysts and Media August 11th 2017 Scandic Simonkenttä, Helsinki APETIT PLC | Half-year financial report August 11th 2017 1
Slide 2: Apetit to sell its seafood business operations in Finland, Sweden and Norway
Seafood business operations sale to Insula AS Apetit to sell its seafood business operations in Finland, Sweden and Norway On 29 June 2017, Apetit Plc announced that it had signed an agreement on selling its seafood business in Finland, Sweden and Group specialising in seafood Norway to Insula AS, a
Slide 3: Sale execution and estimated effect on the profit
Seafood business operations sale to Insula AS Sale execution and estimated effect on the profit The transaction will be executed as a business Seafood business operations will be reported as transfer in Finland and as a share transaction of discontinued operations Maritim Food Group in Norway and Sw
Slide 4: Half-year review Q1-Q2/2017
Half-year review Q1-Q2/2017 APETIT PLC | Half-year financial report August 11th 2017 4
Slide 5: Continuing operations Q1-Q2/2017
Continuing operations Q1-Q2/2017 April-June 2017 (Q2) January-June 2017 (Q1-Q2) • The net sales of continuing operations EUR 77.3 (85.9) million • The net sales of continuing operations EUR 151.9 (153.8) million Konsernin liikevaihto oli 91,9 (87,5) miljoonaa euroa • Operational EBITDA EUR 1.0 • Ope
Slide 6: Apetit Group, including discontinued operations Q1-Q2/2017
Apetit Group, including discontinued operations Q1-Q2/2017 April-June 2017 (Q2) January-June 2017 (Q1-Q2) Group, including discontinued operations (Seafood) Group, including discontinued operations (Seafood) • Group’s consolidated net sales EUR 94.3 (106.9) million • Group’s consolidated net sales E
Slide 7: 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 8: Business segment review
Business segment review APETIT PLC | Half-year financial report August 11th 2017 8
Slide 9: 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 10: Food Solutions Q2/2017
Food Solutions Q2/2017 Food Solutions Sales developed well in frozen products and fresh products GROWTH IN ALL PRODUCT GROUPS Net sales CONSUMER AND CUSTOMER EUR million, comparison 2017/2016 • Segment's net sales was EUR 25.6 (24.3) million 2016 2017 51.4 Sales in Finnish retail sector have develop
Slide 11: The share of new products has grown significantly
Strategic investment in renewal and product development The share of new products has grown significantly The share of new products in net sales in 2016-2017 Growth of the share of new Examples of new June 2016 June 2017 products retail products Tuorekset Vegepops ready-to-use vegetables 100 % vegan
Slide 12: Oilseed products Q2/2017
Oilseed products Q2/2017 Oilseed products Net sales at the previous year’s level NET SALES AND TONNES DOWN FROM THE Net sales OPERATING ENVIRONMENT COMPARISON PERIOD EUR million, comparison 2017/2016 The oilseed harvest season has progressed as • Segment’s net sales was EUR 16.3 (18.2) million 2016
Slide 13: Grain Trade Q2/2017
Grain Trade Q2/2017 Grain Trade Profitability on previous year’s level VOLUMES DECREASEED YEAR-ON-YEAR Net sales OPERATING ENVIRONMENT EUR million, comparison 2017/2016 • Segment’s net sales came down from the 2016 2017 World grain stocks are at high levels as we enter comparison perion and was EUR
Slide 14: 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 15: Seafood Q2/2017
Seafood Q2/2017 Discontinued operations | Seafood Profitability of Seafood segment improved NET SALES OF THE SEGMENT DECLINED Net sales EUR million, comparison 2017/2016 Seafood segments operations will be • Segment's net sales was EUR 20.1 (22.7) million transferred to Insula AS • Smaller sales vol
Slide 16: Summary of the first half year M€
Continuing operations Q1-Q2/2017 Summary of the first half year Apetit konserni 1-3/2017 Food Solutions Oilseed Products Grain Trade Continuing operations in total LIIKEVAIHTO NET SALES NET SALES NET SALES NET SALES 51.4 M€ 33.1 M€ 72.4 M€ 91,9 M€ 151.9 M€ (49.3 M€) (34.7 M€) (81.1 M€) (87,5 M€) (15
Slide 17: Summary of the first half year M€
Apetit Group in total, Q1-Q2/2017 Summary of the first half year Apetit Apetit konserni Group 1-3/2017 Discontinued Q1-Q2/2017 Continuing operations, Seafood operations in total LIIKEVAIHTO NET SALES NET SALES NET SALES 91,9 M€ 151.9 M€ 40.4 M€ (43.2 M€) 186.2 M€ (87,5 M€) (153.8M€) (194.5 M€) OPERA
Slide 18: Net sales and operational EBIT of continuing operations Q1-Q2/2017
Net sales and operational EBIT of continuing operations Q1-Q2/2017 Net sales Operational EBIT EUR million, comparison 2017/2016 EUR million, comparison 2017/2016 2016 2017 2016 2017 153.8 151.9 1.6 0.8 85.9 77.3 77.5 80.6 74.4 69.4 -0.1 -0.4 -0.7 -0.8 -0.9 -1.1 Q1 Q2 Q3 Q4 H1 (Q1-Q2) Q1 Q2 Q3 Q4 H1
Slide 19: Solid financial position
Solid financial position EUR million June 30, 2017 June 30, 2016 Working capital, continuing operations 25.3 38.5 Freed-up working capital Net cash flow from operating activities Q1-Q2/2017 23.1 22.7 Total equity 109.0 113.7 Net debt, continuing operations -3.6 10.6 Equity ratio, % 71.1 % 67.8 % Gea
Slide 20: Strategy review
Strategy review APETIT PLC | Half-year financial report August 11th 2017 20
Slide 21: 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 22: 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 23: 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 prices
Slide 24: Apetit develops and innovates
#kasvisjauhis #kotimaista #vegepops 2017: Apetit develops and innovates eating #vege #tuorekset #vegebuumi Visio 2018 #puolikiloapäivässä The leader in vegetable-based food solutions APETIT PLC | Half-year financial report August 11th 2017 24
Slide 25: kiitos.
kiitos.