Slide 1: Fiskars Group January–June 2017
Fiskars Group August 1, Helsinki, Finland January–June 2017 1 Fiskars Q2 2017
Slide 2: Disclaimer
Disclaimer • This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars believes that the expectations reflected in such forward-looking statements are reasonable, no assura
Slide 3: Key takeaways for H1 2017
Key takeaways for H1 2017 1 2 3 4 5 Both comparable net Strong performance Despite the tough Net sales in Americas The U.S. dollar has sales and comparable of the Scandinavian weather conditions impacted by weakened during the EBITA grew clearly, Living business during Q2, the challenges in the firs
Slide 4: First half of 2017
First half of 2017 Net sales Comparable EBITA** Cash flow from operating Earnings per share Operative earnings EUR million EUR million activities*** EUR million EUR per share EUR 596.1 54.4 2.2 1.39 0.34 +1.1% +18% H1 2016: 2.9 H1 2016: -0.25 H1 2016: 0.19 Comparable net sales* 2.7% * Using comparab
Slide 5: Comparable net sales and EBITA grew in Q2 2017
Comparable net sales and EBITA grew in Q2 2017 Net sales Comparable EBITA** Cash flow from operating Earnings per share Operative earnings EUR million EUR million activities*** EUR million EUR per share EUR 290.0 22.4 48.6 0.31 0.14 -1.2% +7% Q2 2016: 39.1 Q2 2016: -0.26 Q2 2016: 0.08 Comparable net
Slide 6: Fiskars Group in Q2 2017
Fiskars Group in Q2 2017 Net sales and comparable EBITA % EBITA EUR million EUR million +0.6% Comparable growth -1.2% 334 +7% 306 294 290 281 36.3 32.0 24.9 22.4 10.9% 20.9 10.5% 8.9% 7.1% 7.7% -2.5 -1.5 -8.9 -1.1 -1.1 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 N
Slide 7: Net sales bridge
Net sales bridge Net sales +0.6% Comparable EUR million growth 3.4 -8.5 293.5 1.1 0.0 290.0 0.6 Q2 2016 FX rate Divestments SBU Functional SBU Living Other Q2 2017 7 Fiskars Q2 2017
Slide 8: Fiskars Group rolling 12 months performance
Fiskars Group rolling 12 months performance Comparable net sales, EUR million 1 159 1 190 1 192 1 200 1 000 814 800 757 600 400 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Comparable EBITA, EUR million 120 114 116 100 80 80 69 62 60 40 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15
Slide 9: With the mission to build iconic lifestyle brands
With the mission to build iconic lifestyle brands Delivering on our strategic priorities 9 Fiskars Q2 2017
Slide 10: Living marketing highlights
Living marketing highlights • Wedgwood partnered with the Royal Horticultural Society (RHS) in the UK, representing a milestone in the renewal of Wedgwood into a premium British lifestyle brand • The three-year partnership marks the reunion of two iconic British brands with a shared history and visi
Slide 11: Living marketing highlights
Living marketing highlights • The Special Edition Moomin mug 2017 by Arabia, a collection of special edition items of Royal Copenhagen, and the celebrations of the 150 year anniversary of diplomatic relations between Japan and Denmark supported the momentum of the Scandinavian Living business during
Slide 12: Functional marketing highlights
Functional marketing highlights • In one of the world’s largest design competitions, Red Dot Design Award, Fiskars was awarded with: • “Red Dot: Best of the Best” for top design quality and ground-breaking design to Fiskars PowerGear™ X Pruners • “Red Dot” for high design quality to Fiskars PowerGea
Slide 13: Functional marketing highlights
Functional marketing highlights • Gerber partnered with Jason Aldean, a two-time “Country Music Artist of the Year”, to introduce the brand and the new Center-Drive multi-tool through a digital media program. The engagement is expected to build brand relevance and recognition with a broad audience 1
Slide 14: Fiskars Q2 2017
Fiskars Q2 2017 14 Fiskars Q2 2017
Slide 15: Living in Q2 2017
Living in Q2 2017 EUR million Q2 2017 Q2 2016 Change 2016 Net sales Net sales 123.1 125.0 -1.6%* 598.1 EUR million Comparable EBITA 7.3 -0.6 59.4 Comparable Capital expenditure 1.7 3.7 -55% 14.9 +0.9% growth * Using comparable exchange rates and excluding the net sales of the divested Spring USA, ne
Slide 16: Functional in Q2 2017
Functional in Q2 2017 EUR million Q2 2017 Q2 2016 Change 2016 Net sales Net sales 165.9 167.5 -0.9%* 602.7 EUR million Comparable EBITA 18.3 23.8 -23% 57.1 Comparable Capital expenditure 3.6 5.3 -32% 21.8 +0.4% growth * Using comparable exchange rates and excluding the net sales of the divested cont
Slide 17: Net sales by geography in Q2 2017
Net sales by geography in Q2 2017 Comparable EUR million Q2 2017 Q2 2016 Change change* 2016 Europe 132.0 131.9 0.1% 5.9% 555.3 Americas 120.3 128.5 -6.4% -7.0% 489.9 Asia-Pacific 37.0 33.3 11.4% 7.9% 153.3 Unallocated** 0.6 -0.1 6.2 * Using comparable exchange rates, excluding the divested containe
Slide 18: Other segment
Other segment • The Other segment contains the Group’s investment portfolio, the real estate unit, corporate headquarters and shared services • Along with the rest of the Group’s active investments, shares in Wärtsilä Corporation are treated as financial assets at fair value through profit or loss,
Slide 19: Cash flow and debt Q2 2017
Cash flow and debt Q2 2017 Cash flow from operating activities* EUR million Net debt, EUR million 257 78 227 228 49 211 39 40 152 -46 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Working capital, EUR million Capex , EUR million 242 258 10.1 233 232 9.6 9.6 9.2 218
Slide 20: Key ratios Q2 2017
Key ratios Q2 2017 EPS, euro Operative EPS, euro 1.07 0.23 0.52 0.51 0.31 0.19 0.15 0.14 0.08 -0.26 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Equity ratio, % Net gearing, % 66.1 68.2 69.3 65.7 67.0 20.3 21.0 18.1 18.6 12.5 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Slide 21: Long-term financial targets
Long-term financial targets Growth: The average annual net sales growth to Profitability: exceed 5%, through a combination of organic EBITA margin to exceed 10% growth and targeted acquisitions Dividend: Capital structure: Fiskars aims to distribute a stable, over time Net gearing* below 100% increa
Slide 22: Outlook 2017
Outlook 2017 Fiskars expects the Group’s net sales, excluding net sales of divested businesses in 2016, and comparable EBITA to increase from the previous year • In 2016, the Group’s net sales excluding the divested businesses amounted to EUR 1,180 million and comparable EBITA amounted to EUR 107 mi
Slide 23: Making the everyday extraordinary
Making the everyday extraordinary 23 Fiskars Q2 2017