Slide 1: Raisio's Interim Report January-March 2016
Raisio’s Interim Report January-March 2016 CEO Matti Rihko Raisio plc 10 May 2016 1
Slide 2: Group EBIT
Group EBIT M€ 55 50 45 40 35 30 25 20 15 10 5 0 -5 7/2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Q1/2016 Rolling 12 months EBIT (Continuing operations, excluding one-off items) 2
Slide 3: Raisio's Q1/2016 in figures
Raisio’s Q1/2016 in figures The Group • EBIT 9.7 (9.6) M€ • EBIT margin 8.5 (7.9)% • Net sales 114.0 (122.5) M€ Brands • EBIT 11.4 (11.3) M€ • EBIT margin 12.6 (12.1)% • Net sales 90.2 (93.7) M€ Raisioagro • EBIT 0.0 (0.1) M€ • Net sales 27.1 (32.6) M€ 3
Slide 4: Raisio's Q1/2016
Raisio’s Q1/2016 • Benecol successful in the home markets of consumer products • Organic growth in the UK, Ireland and Poland • Good quarter for Confectionery business • Clear sales growth in Raisio’s own confectionery brands • Good growth for Elovena snacks and gluten-free Provena products • Benemi
Slide 5: Group EBIT
Group EBIT M€ Excluding one-off items % 60 12 51.7 50 10 39.3 40 8 34.6 34.8 30 6 20 4 9.6 9.7 10 2 0 0 2012 2013 2014 2015 1-3/2015 1-3/2016 EBIT EBIT % 5
Slide 6: Group EBIT by quarters
Group EBIT by quarters M€ Excluding one-off items 20 16.0 15 14.0 12.0 12.1 12.0 10.6 11.0 10.7 9.6 9.7 10 8.0 8.5 8.4 8.9 6.6 6.6 5.4 5 0 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 6
Slide 7: Group net sales
Group net sales M€ 700 584 600 558 494 521 500 400 300 200 123 114 100 0 2012 2013 2014 2015 1-3/2015 1-3/2016 Brands Raisioagro 7
Slide 8: Key figures, result
Key figures, result Q1/ Q1/ 2016 2015 2015 Net sales M€ 114.0 122.5 521.2 Change in net sales % -6.9 5.0 5.5 EBIT M€ 9.7 9.6 42.4 One-off items M€ 0.0 0.0 -9.2 EBIT excluding one-off items M€ 9.7 9.6 51.7 EBIT excluding one-off items % 8.5 7.9 9.9 Depreciation and impairment M€ 3.1 3.6 16.5 excludin
Slide 9: Key figures, balance sheet
Key figures, balance sheet Q1/ Q1/ 2015 2016 2015 Equity ratio % 58.7 55.7 62.3 Gearing % 14.7 20.6 12.1 Net interest-bearing debt M€ 46.6 67.4 42.2 Equity per share € 2.02 2.08 2.23 Investments M€ 4.0 2.1 11.0 9
Slide 10: Brands
SLICED OAT BREAD DEFROST AND ENJOY RICH IN FIBRE WHEAT FREE LAN eiaun sit SE GMKP T STANOL ESTER
Slide 11: Brand Division's EBIT
Brand Division’s EBIT M€ Excluding one-off items % 60 16 55.4 14 50 41.4 12 40 37.4 35.9 10 30 8 6 20 11.3 11.4 4 10 2 0 0 2012 2013 2014 2015 1-3/2015 1-3/2016 EBIT EBIT % 11
Slide 12: Brand Division's EBIT by quarters
Brand Division’s EBIT by quarters M€ Excluding one-off items 20 14.3 15.8 15 13.9 11.3 11.4 11.0 11.1 10.8 10.8 10.6 9.0 9.4 9.7 10.0 10 8.2 7.6 6.4 5 0 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 12
Slide 13: Brand Division's net sales
Brand Division’s net sales M€ 450 400 385 330 350 305 306 300 250 200 150 94 90 100 50 0 2012 2013 2014 2015 1-3/2015 1-3/2016 13
Slide 14: Benecol
Benecol • Net sales at the comparison period level • Strong EBIT, up from the comparison period • Home markets of consumer products: • In the UK, increased sales of spreads • In Ireland, increased sales of spreads, yoghurt drinks and yoghurts • In Poland, steadily improving performance strengthened
Slide 15: Healthy Snacking
Healthy Snacking • Improved EBIT for Northern Europe • Increased sales for Elovena products. Particularly good sales were seen in Elovena snack biscuits, snack bars and instant porridges • Clear sales growth in gluten-free Provena products • Positive EBIT in Russia • Sales volume down due to price i
Slide 16: Confectionery
Confectionery • Clearly improved EBIT • Slightly increased net sales • In the UK, sales growth for Raisio’s own Poppets, Fox’s and XXX brands • In the Czech Republic, sales increased in Raisio’s own Pedro and Juicee Gummee brands • Higher sales volumes in products made under partners’ brands and in
Slide 17: Forerunner in responsible brands
Forerunner in responsible brands More than 20 products with a carbon footprint label Carbon and water TRENDS: footprint labels since 2008 Sustainable food chain Top-notch Growing interest traceability in the origin of food and in contract responsible production farming A versatile selection of Produ
Slide 18: Healthy choices for consumers
Healthy choices for consumers TRENDS: Food as a source of The original expert in health and well-being cholesterol lowering Increasing demand for snacks Increasing importance of farmed fish as a source of protein Healthy and natural snacking Heart-labeled products FreeFrom products Wholegrain and lo
Slide 19: Raisioagro
Raisioagro 19
Slide 20: Raisioagro's EBIT by quarters
Raisioagro’s EBIT by quarters M€ Excluding one-off items 3 2.6 2.0 2 1.3 1.4 1.4 1.2 1.3 1 0.4 0.0 0.1 0.0 0.0 0.0 0 -0.1 -0.6 -0.3 -1 -2 -1.8 -3 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 20
Slide 21: Raisioagro's net sales by quarters
Raisioagro’s net sales by quarters M€ 90 76 80 75 71 70 65 63 61 60 54 54 54 49 53 50 45 40 36 40 33 27 28 30 20 10 0 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 21
Slide 22: Raisioagro Q1/2016
Raisioagro Q1/2016 • Improved relative profitability for feeds • Eco-friendly, healthy Benella Rainbow Trout successful in the markets • Decision to start using Baltic Blend in fish feeds • Sales volume of fertilisers and other farming supplies decreased • Farmers continued to switch from value-adde
Slide 23: New fish feed innovation to decrease nutrients in the Baltic Sea
New fish feed innovation to decrease nutrients in the Baltic Sea Adding value of Baltic herring and sprat used in the feed by producing it into rainbow trout 23 9.5.2016
Slide 24: The Baltic Sea feed - reality in 2016
The Baltic Sea feed - reality in 2016 ”We have a chance to eat the Baltic Sea in to better condition Benella by Benella.” Raisioaqua Fresh fish Fishmeal manufactures Fish farmed for consumers and oil made feeds for human from fish consumption Baltic herring and sprat caught from the Baltic Sea Phosp
Slide 25: Phosphorus and nitrogen load of the Baltic Sea
Phosphorus and nitrogen load of the Baltic Sea Fish farming in Finland 13,000 tons (13 million kg) BEFORE NOW (BALTIC BLEND) DIFFERENCE Phosphorus 57,000 kg Phosphorus -75,000 kg Phosphorus -19,000 kg Nitrogen 517,000 kg Nitrogen -512,000 kg Nitrogen 5,000 kg Increase in fish farming would increase
Slide 26: “BENELLA PA : _ HERCULES”
“BENELLA PA : 7 _ HERCULES” KALA, JOKA TEKEE HYVAA ges ee QPTI