Slide 1: Annual Accounts & Q4/2011
ANNUAL ACCOUNTS & Q4/2011 February 8, 2012 1
Slide 2: Cornerstones of Strategy Implementation
CORNERSTONES OF STRATEGY IMPLEMENTATION STRATEGIC OBJECTIVE: PROFITABLE GROWTH DISTRIBUTION COMPANY MANUFACTURING, SOURCING NETWORK AND R&D • Own distribution unit in 34 countries. • Specialized and effective own manu- facturing units and sourcing • Widest within the industry. organization producing
Slide 3: Rapala's Unique Distribution Power
RAPALA’S UNIQUE DISTRIBUTION POWER Group’s own Group’s own Manufacturing, expanding Sourcing and R&D distribution platform serving company Retail Group’s own Brands Customers network in 34 Globally countries all over the world ranging from world’s largest Australia, Belarus, Brazil, Canada, China, C
Slide 4: Summary of Q4 2011
SUMMARY OF Q4 2011 EUR million IV/2011 IV/2010 I-IV/2011 I-IV/2010 Net Sales 60.8 60.4 279.5 269.4 Operating Profit - Reported 3.5 4.2 30.7 31.3 Operating Profit - Comparable 2.4 4.3 30.5 31.8 Net Profit for the Period 1.1 1.8 17.2 20.7 EPS (basic), EUR 0.02 0.04 0.36 0.46 Cash flow from Operations
Slide 5: Analysis of Net Sales
ANALYSIS OF NET SALES 70 Net Sales Development Q-on-Q Y-on-Y MEUR 60 Group Total 1% 4% 50 Group Fishing Products 12 % 9% 40 Other Group Products -30 % -10 % Third Party Products -2 % -1 % 30 20 North America 12 % 1% Nordics -13 % 1% 10 Rest of Europe 0% 13 % 0 Q4/2007 Q4/2008 Q4/2009 Q4/2010 Q4/2011
Slide 6: Analysis of Operating Profit
ANALYSIS OF OPERATING PROFIT Operating profit (MEUR) Q4/2011 Q4/2010 Q4/2011 YTD Q4/2010 YTD M€ % M€ % M€ % M€ % Group Total (comparable) 2.4 4.0% 4.3 7.1% 30.5 10.9% 31.8 11.8% Group Fishing Products 1.8 5.5% 4.0 13.8% 19.9 13.0% 21.4 15.4% Other Group Products 1.8 25.1% 0.3 3.2% 2.5 11.0% 2.0 8.1%
Slide 7: Net Result and Cash Flow
NET RESULT AND CASH FLOW EUR million IV/2011 IV/2010 I-IV/2011 I-IV/2010 Net profit for the period 1.1 1.8 17.2 20.7 Adjustments (reversal of non-cash items) 2.2 4.0 17.6 17.4 Financial items and taxes paid/rec -3.3 -2.7 -12.3 -12.1 Change in working capital -1.6 -5.2 -7.3 -13.0 Net cash from operat
Slide 8: Strategy Implementation in 2011
STRATEGY IMPLEMENTATION IN 2011 • Implementation of Rapala’s strategy continued during 2011 by taking actions relating to both manufacturing and distribution activities. • The European distribution cooperation with Shimano was deepened in the UK by establishing a true 50:50 joint venture company to
Slide 9: Short-term Outlook
SHORT-TERM OUTLOOK • The negative changes in the sentiment of the economy globally and especially in Europe during latter part of the year increased the uncertainty concerning retail and consumer demand. • Despite these uncertainties expectations for the coming year are optimistic. • There are promi
Slide 10: Profit Distribution and AGM
PROFIT DISTRIBUTION AND AGM • The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.23 for 2011 (2010: EUR 0.23) per share be paid. • The Annual Report, including Financial Statements for 2011 and Corporate Governance Statement will be published in week 12. • Annual
Slide 11: Financial Trends in Rapala
FINANCIAL TRENDS IN RAPALA 20 % 160 800 % 275 18 % 250 140 700 % 225 16 % 120 600 % 200 14 % 175 100 500 % 12 % Gearing % % of sales 150 MEUR MEUR 10 % 80 400 % 125 8% 60 300 % 100 6% 75 40 200 % 4% 50 20 100 % 25 2% 0 0% 0 0% 99 00 01 02 03 04 05 06 07 08 09 10 11 99 00 01 02 03 04 05 06 07 08 09 1
Slide 12: Shares and Shareholders
SHARES AND SHAREHOLDERS SHARE RELATED DATA (12/2011) Share price index performance in Jan 2010 – Sep 2011 • Market capitalization 223.0 MEUR 150 Indexed values 140 • 12-month high/low 7.38/4.86 EUR 130 • All-time high/low 8.40/2.50 EUR 120 110 100 MAJOR SHAREHOLDERS (12/2011) 90 80 • VMC Holdings 30
Slide 13: End of Presentation
END OF PRESENTATION Tight lines! 13