Slide 1: Q4 Presentation, 2021
Q4 Presentation, 2021 February 17, 2022
Slide 2: Disclaimer
2022-02-16 Disclaimer • This presentation has been prepared by Duni AB (the “Company”) solely for use at this investor presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. By attending the meeting where
Slide 3: The period in short
2022-02-16 The period in short • Restrictions returned during the quarter but less extensive than the same period last year • Revenue close to historical levels, driven by growth in Business Area BioPak and strong recovery in retail sales • Raw material and sea freight stabilized at record high leve
Slide 4: 2021 Q4 Highlights
2022-02-16 NET SALES 2021 Q4 Highlights SEK 1 552 m (1 181) Net Sales +31.4% • Despite a rise in covid cases and new restrictions, Business Area Duni sales grow significantly compared to last year as last year’s restrictions were more invasive OPERATING INCOME • Business Area BioPak growth continues
Slide 5: 2021 YTD Highlights
2022-02-16 NET SALES 2021 YTD Highlights SEK 5 061 m Strong growth for BioPak and sales recovery for Duni (4 501) • Heavy restrictions in the first five months of the year limited restaurants and hotel business while enabling growth for the take-away segment • As the restrictions mainly impact the s
Slide 6: Business Area Duni
2022-02-16 Business Area Duni The Duni segment stands for what the Group is traditionally associated with – innovative and sustainable solutions for the set table, primarily napkins, table covers and candles. 6
Slide 7: Duni Q4, 2021
2022-02-16 Duni Q4, 2021 Net Sales per region SEK m Q4 Q4 FY FY 2021 2020 2021 2020 • Net sales SEK 896 m (673), operating income SEK NorthEast 156 105 462 413 84 m (1) Central 365 258 1 059 1 109 • Restrictions in Q4 less invasive than last year, when West 200 134 505 448 restaurant business was li
Slide 8: Business Area BioPak
2022-02-16 Business Area BioPak The BioPak segment offers environmentally- sound concepts for meal packaging and serving products for applications including take-away, ready-to-eat meals, and various types of catering. 8
Slide 9: BioPak Q4, 2021
2022-02-16 BioPak Q4, 2021 Net Sales per region SEK m Q4 Q4 FY FY • Net sales SEK 656 m (508), operating income SEK 26 2021 2020 2021 2020 m (49) NorthEast 123 104 489 433 • The demand for take-away products continues to be Central 71 63 292 232 high, fueled by restrictions West 84 69 313 241 • As s
Slide 10: Covid-19 Situation: Actions & Outlook
2022-02-16 Covid-19 Situation: Actions & Outlook https://www.ecdc.europa.eu/en/covid -19/situation- https://ourworldindata.org/ updates/weekly-maps-coordinated-restriction-free-movement 10
Slide 11: Cost pressure still severe, but not increasing
2022-02-16 Cost pressure still severe, but not increasing Google mobility indicates progress towards normality https ://www.ecb.europa.eu/pub/economic- bulletin/focus/2022/html/ecb.ebbox202201_01~4bb2c93b96.en.html https://www.drewry.co.uk/supply -chain-advisors/supply- chain-expertise/world-contain
Slide 12: Financials
2022-02-16 Financials "\7 DUNI Gp BioPak 2 GROUP
Slide 13: Income Statement
2022-02-16 Income Statement SEK m Q4 Q4 FY FY 2021 2020 2021 2020 Net sales 1 552 1 181 5 061 4 501 Gross profit 294 213 928 814 Gross margin 18.9% 18.0% 18.3% 18.1% Selling expenses -136 -118 -505 -514 Administrative expenses -80 -65 -271 -265 R & D expenses -1 -2 -1 -5 Other operating net -26 32 2
Slide 14: Business Areas Financials
2022-02-16 Business Areas Financials SEK m Q4 Q4 FY FY 2021 2020 2021 2020 Duni Net Sales 896 673 2 662 2 628 Operating income 1) 84 1 93 7 Operating margin 9.4% 0.2% 3.5% 0.3% BioPak Net Sales 656 508 2 399 1 874 Operating income 1) 26 49 186 142 Operating margin 4.0% 9.7% 7.7% 7.6% Duni Group Net
Slide 15: Operating Cash Flow
2022-02-16 Operating Cash Flow SEK m Q4 Q4 FY FY 2021 2020 2021 2020 Operating EBITDA 1) 145 90 421 305 Capital expenditure 1) -22 -19 -57 -77 Change in; Inventory -207 -25 -367 -111 Accounts receivable 41 181 -239 287 Accounts payable 210 30 287 -66 Other operating working capital -47 -123 84 -84 C
Slide 16: Financial position
2022-02-16 Financial position SEK m December 2021 December 2020 Goodwill 2 010 2011 Tangible and intangible fixed assets 1 494 1 615 Net financial assets 1) 15 -22 Inventories 1 253 861 Accounts receivable 860 599 Accounts payable -723 -422 Other operating assets and liabilities 3) -818 -689 Net ass
Slide 17: Financial targets
2022-02-16 Financial targets Sales growth Operating margin Dividend payout ratio > 5% > 10% 40+% ORGANIC GROWTH OF 5% TOP LINE GROWTH TARGET AT LEAST 40% OVER A BUSINESS CYCLE – PREMIUM FOCUS OF NET PROFIT Consider acquisitions to reach new Improvements in manufacturing, markets or to strengthen cur
Slide 18: An updated strategy to become fully circular with net zero emissions
2022-02-16 An updated strategy to become fully circular with net zero emissions 18
Slide 19: Our sustainability initiatives
Becoming circular at scale Fully circular 100% Our sustainability Going Net Zero initiatives Net Zero carbon emissions for scope 1 and 2 0 CO 2 Living the change A trusted sustainability leader #1
Slide 20: Thank you!
Thank you! DUNI ip BiePak ‘GROUP