Anora Group Oyj · OMXHEX:ANORA
Anora Group Oyj — Shareholder Meeting (April 2025)
60 slides from Anora Group Oyj's shareholder meeting presentation, Apr 15, 2025
Slide 1: Welcome to Anora Group Plc's Annual General Meeting 2025
Welcome to Anora Group Plc’s Annual General Meeting 2025
Slide 2: Annual General Meeting 2025 | 15 April 2025 | 2
Annual General Meeting 2025 | 15 April 2025 | 2
Slide 3: Instructions
Instructions 1. Connect the headset to the receiver 2. Turn on the receiver 3. Select the desired language from the channel Channels: 0 = Original language 1 = Finnish 2 = English Annual General Meeting 2025 | 15 April 2025 | 3
Slide 4: Annual General Meeting 2025
Annual General Meeting 2025 Michael Holm Johansen Chairperson of the Board of Directors
Slide 5: Anora's Board of Directors
Anora’s Board of Directors Michael Holm Johansen Jyrki Mäki-Kala Christer Kjos Florence Rollet Chairperson Vice Chairperson Member Member Shareholdings: 80,000 Shareholdings: 13,600 Shareholdings: - Shareholdings: 4,620 Chair of the Human Chair of the Audit Committee Member of the Audit Committee Me
Slide 6: The Board agenda in 2024
The Board agenda in 2024 Our growth strategy up to 2030 Focus on restoring margins and The wine and spirits Scale our position in powerhouse in the Denmark and strengthening leadership Swedish, the Baltics to Norwegian cement our • Succession of CEO and key EMT roles and Finnish regional markets. le
Slide 7: Remuneration 2024
Remuneration 2024 • The remuneration to the Board members and the CEO for 2024 is TOTAL REMUNERATION AND FINANCIAL DEVELOPMENT OVER in line with Anora’s Remuneration Policy adopted by the AGM in THE PAST THREE YEARS 2024, and the decision of the AGM in 2024. EUR 2024 2023 2022 • The total compensati
Slide 8: Dividend proposal by Anora's Board of Directors
Dividend proposal by Anora’s Board of Directors • Anora’s Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.22 per share be paid for the financial year 2024. • In its proposal the Board aims to maintain a stable or increasing 0.40 dividend with a dividend payout rati
Slide 9: Opening of the meeting
1 Opening of the meeting 2 Calling the meeting to order 3 Election of persons to scrutinize the minutes and to supervise the counting of votes 4 Recording the legality of the meeting 5 Recording the attendance at the meeting and adoption of the list of votes Annual General Meeting 2025 | 15 April 20
Slide 10: Presentation of the financial statements and reports for 2024
6 Presentation of the financial statements, the report of the Board of Directors, the auditor’s report and the assurance report on the sustainability statement for the year 2024 • Review by CEO Kirsi Puntila • Presentation of the Auditor’s Report and the assurance report on the sustainability statem
Slide 11: Annual General Meeting 2025
Annual General Meeting 2025 Kirsi Puntila, CEO Stein Eriksen, CFO
Slide 12: Agenda
Agenda • Summary of the year 2024 • Financial review • Outlook 2025 Annual General Meeting 2025 | 15 April 2025 | 12
Slide 13: Executive Management Team at Anora Group
Summary of the year 2024 Executive Management Team at Anora Group Kirsi Puntila Stein Eriksen Janne Halttunen Hannu Vähämurto CEO and SVP, Spirits CFO SVP, Wine SVP, Industrial CEO of Anora since 2025. Long Previously, Stein was the CFO career with global brands at XXL, the largest sports retailer I
Slide 14: Market leader in the Nordics and a forerunner in sustainability
Summary of the year 2024 Market leader in the Nordics and a forerunner in sustainability Net sales Comparable EBITDA 692.0 68.9 Norway Finland Wine Spirits MEUR MEUR Wine Spirits #2 #1 Personnel #1 #1 1,211 Sweden Wine Spirits at the end of 2024 Denmark Wine Spirits #3 #1 #1 #2 Baltics Germany Wine
Slide 15: Strong and versatile portfolio of leading own and partner brands
Summary of the year 2024 Strong and versatile portfolio of leading own and partner brands Key Anora brands Key partner brands Wine Wine Spirits Spirits Annual General Meeting 2025 | 15 April 2025 | 15
Slide 16: Comparable EBITDA improved driven by strong performance in the Wine segment
Summary of the year 2024 Comparable EBITDA improved driven by strong Dividend proposal: performance in the Wine segment EUR 0.22 per share Net sales Gross margin, % Comparable EBITDA Comparable EBITDA margin, % Wine 29.4 (26.9) 692.0 (726.5) Spirits 44.8 (42.1) 10.0 (9.4) 68.9 (68.2) EUR million % o
Slide 17: A well-balanced business across categories and countries
Summary of the year 2024 A well-balanced business across categories and countries Net sales by segment Net sales by country* Beverage net sales by brand category* Industrial Industrial Sweden 21% 21% 24% Wine International 47% & travel retail Anora 5% brands Partner brands 51% Baltics 49% 4% Norway
Slide 18: Our growth strategy up to 2030
Strategy Our growth strategy up to 2030 Lead category growth Scale our position in across consumer occasions Denmark and the Baltics and channels in the Swedish, to cement our regional Norwegian and Finnish markets as OUR AMBITION leadership the wine and spirits powerhouse Recognised #1 in ESG Accel
Slide 19: Leading category growth in the Nordics – highlights in 2024
Summary of the year 2024 Leading category growth in the Nordics – highlights in 2024 Market leadership in low-ABV Successful launches in monopoly Efficiency improvements through wines in Finland markets centres of excellence 70 new, lower-ABV wines successfully launched Anora engaged actively in mon
Slide 20: Cementing regional leadership and accelerating beyond the Nordics
Summary of the year 2024 Cementing regional leadership and accelerating beyond the Nordics – highlights in 2024 Expanded footprint in the Acquisition of Blomberg German route to market Koskenkorva’s new Party Like Baltics with the establishment Glögg strengthens Anora’s harmonized through new There’
Slide 21: Our 2030 sustainability roadmap
Summary of the year 2024 Our 2030 sustainability roadmap Planet – reducing People – ensuring an Product – supporting our environmental inclusive and safe a responsible drinking impact workplace and a fair culture and transitioning and transparent to climate-smart 1 Achieving carbon-neutral value cha
Slide 22: Advancing our sustainability strategy – highlights from 2024
Summary of the year 2024 Advancing our sustainability strategy – highlights from 2024 Ambitious targets 100% waste validated by SBTi recycling and Our ambitious science-based recovery rate emission reduction targets We achieved 100% waste were validated by the SBTi. recycling and recovery rate at Ou
Slide 23: Anora published its first externally assured CSRD-report
Summary of the year 2024 Anora’s positive and negative impacts Anora published its first on planet and society externally assured CSRD-report “Double Materiality” • CSRD (Corporate Sustainability Reporting Directive) was a major focus on sustainability in 2024: building the reporting structure, cond
Slide 24: Net sales decreased by 4.7% in 2024
Financial review Net sales decreased by 4.7% in 2024 Group net sales, external, EURm Wine Spirits Industrial 2024 net sales: 692.0 (726.5) MEUR, down 702.7 726.5 692.0 by 4.7%, due to lower volumes in all segments and lower sales prices in the Industrial segment 160 155 142 233 237 227 • The Wine an
Slide 25: Group comparable EBITDA was up by 1.0%
Financial Review Group comparable EBITDA was up by 1.0% All segments improved their gross margins • Comparable EBITDA-% was 10.0 (9.4) Comparable EBITDA, EURm and % of net sales percent in 2024. 101.0 • The Wine segment delivered notable 98.3 +1.0% comparable EBITDA growth, while the +1.0% other seg
Slide 26: Wine: Notable comparable EBITDA growth
Financial Review Wine: Notable comparable EBITDA growth New wine launches & tender wins NET SALES (TOTAL), MEUR -3.4% 8% wines in grocery stores in Finland • Overall market leadership regained in Finland including grocery at year-end, 334.3 323.0 due to the successful introduction of up to 8% ABV wi
Slide 27: Spirits: Core brands performed well despite market decline
Financial Review Spirits: Core brands performed well Successful launches and awards despite market decline Koskenkorva, Anora’s flagship brand, NET SALES (TOTAL), MEUR won over 50 awards in renowned industry -4.2% competitions in 2024. • Net sales amounted to EUR 227.0 237.0 227.0 Finland: Jaloviina
Slide 28: Industrial: Challenged by declined grain prices and lower production volume
Financial Review Industrial: Challenged by declined grain prices and lower production volume NET SALES (TOTAL), MEUR -13.2% • Total net sales decreased to EUR 269.5 234.0 (269.5) million, driven by lower 234.0 sales prices due to declined grain prices, Internal 114.3 92.0 combined with lower product
Slide 29: Cash flow and net debt
Financial Review Cash flow and net debt Net debt/comprable Net cash flow, Net debt, EUR million EBITDA, EUR million EUR million 33.2 121.6 1.8x (135.3) (137.5) (2.0x) We paid down our long-term Receivables sold amounted to interest-bearing debt by EUR 163.7 (173.6) million EUR 51.5 million, thus low
Slide 30: Our long-term financial targets for 2030
Financial Review Our long-term financial targets for 2030 Actual Actual Actual Long-term financial targets for 2030 2024 2023 2022 Net sales growth 3–5% -4.7% 3.4 % 5.7 % including M&A, majority being organic Comparable EBITDA margin Through focus on margin accretive business and scale benefits on 1
Slide 31: Outlook 2025
Financial Review Outlook 2025 Market outlook 2025 In 2025, the volumes in our key markets are expected to be relatively flat compared to the 2024 levels, while in value terms, the markets are expected to grow slightly. Guidance 2025 In 2025, Anora’s comparable EBITDA is expected to be EUR 70-75 mill
Slide 32: Q&A
Q&A Annual General Meeting 2025 | 15 April 2025 | 32
Slide 33: Appendix
Appendix Annual General Meeting 2025 | 15 April 2025 | 33
Slide 34: Consolidated income statement
Financial review Consolidated income statement EUR million 2024 2023 Net sales 692.0 726.5 Other operating income 8.5 20.3 Materials and services -407.1 -441.4 Employee benefit expenses -103.9 -103.8 Other operating expenses -128.3 -134.1 Depreciation, amortisation and impairment -26.8 -98.8 Operati
Slide 35: Consolidated balance sheet
Financial Review Consolidated balance sheet EUR million EUR million 31 Dec 31 Dec 31 Dec 31 Dec 2024 2023 2024 2023 EQUITY AND LIABILITIES ASSETS Equity attributable to owners of the parent Non-current assets Share capital 61.5 61.5 Goodwill 299.1 304.3 Invested unrestricted equity fund 336.8 336.8
Slide 36: Thank you!
Thank you!
Slide 37: Audit and Sustainability statement assurance 2024
Audit and Sustainability statement assurance 2024 Anora Group Plc’s Annual General Meeting 15 April 2025 PricewaterhouseCoopers Oy Authorised Public Accountants Markku Katajisto Authorised Public Accountant (KHT), auditor in charge
Slide 38: Audit 2024
Audit 2024 What we have audited Group financial statements ● Group financial statements audit scope ● The group audit included the parent ● Parent company financial company and the most significant statements subsidiaries covering the majority of net sales, assets and liabilities. Key audit matters
Slide 39: Auditor's Report To the Annual General Meeting of Anora Group Plc
Auditor’s Report To the Annual General Meeting of Anora Group Plc In our opinion • the consolidated financial statements give a true and fair view of the group’s financial position and financial performance and cash flows in accordance with International Financial Reporting Standards (IFRS) as adopt
Slide 40: Assurance Report on the Sustainability Statement
Assurance Report on the Sustainability Statement To the Annual General Meeting of Anora Group Plc Opinion Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the group sustainability statement does not comply,
Slide 41: pwc.fi
pwc.fi This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or imp
Slide 42: Adoption of the Financial Statements
7 Adoption of the Financial Statements Annual General Meeting 2025 | 15 April 2025 | 42
Slide 43: Resolution on the use of profit shown on the balance sheet and the payment of dividend
8 Resolution on the use of profit shown on the balance sheet and the payment of dividend According to the Financial Statements on 31 December 2024, the parent company’s distributable funds amount to EUR 98.3 million, including profit for the period of EUR 12.9 million. The Board of Directors propose
Slide 44: Resolution on the discharge of the Board members and the CEO from liability
9 Resolution on the discharge of the members of the Board of Directors and the CEO from liability Annual General Meeting 2025 | 15 April 2025 | 44
Slide 45: Consideration of the Remuneration Report for the governing bodies
10 Consideration of the Remuneration Report for the governing bodies The Board of Directors proposes to the Annual General Meeting that the Remuneration Report for the governing bodies for the year 2024 be adopted. The resolution is advisory in accordance with the Finnish Companies Act. The Remunera
Slide 46: Presentation by the Chairman of the Shareholders' Nomination Board
Presentation by the Chairman of the Shareholders’ Nomination Board 11 Resolution on the remuneration of the members of the Board of Directors 12 Resolution on the number of members of the Board of Directors 13 Election of the members of the Board of Directors Annual General Meeting 2025 | 15 April 2
Slide 47: Annual General Meeting 2025
Annual General Meeting 2025 Member of the Shareholders’ Nomination Board Petter Söderström Annual General Meeting 2025 | 15 April 2025 47 |
Slide 48: Resolution on the remuneration of the members of the Board of Directors 1/2
Resolution on the remuneration of the members of the Board of Directors 1/2 The Shareholders’ Nomination Board proposes that the remuneration to be paid to the Board members elected by the Annual General Meeting will be an annual fee as follows: • EUR 72,500, Chairperson (current EUR 70,000) • EUR 4
Slide 49: Resolution on the remuneration of the members of the Board of Directors 2/2
Resolution on the remuneration of the members of the Board of Directors 2/2 In addition to the annual fees, the Board members elected by the Annual General Meeting would receive a meeting fee for the Board of Directors and Board Committee meetings of EUR 700 (current EUR 650) per meeting and EUR 1,4
Slide 50: Resolution on the number of members of the Board of Directors
Resolution on the number of members of the Board of Directors The Shareholders’ Nomination Board proposes to the Annual General Meeting that the number of members of the Board of Directors would be seven (7). Annual General Meeting 2025 | 15 April 2025 | 50
Slide 51: Election of the members of the Board of Directors
Election of the members of the Board of Directors The Shareholders’ Nomination Board proposes to the Annual General Meeting that the current members Michael Holm Johansen, Christer Kjos, Annareetta Lumme- Timonen, Jyrki Mäki-Kala, Florence Rollet and Torsten Steenholt would be re- elected and that R
Slide 52: One new member proposed to the Board
One new member proposed to the Board Proposal by the Shareholders’Nomination Board Rebecca Tallmark • Swedish citizen, born 1976 • M.Sc. (Econ.) • Extensive and versatile background, most recently as Executive Vice President, Small and Medium sized business at the Swedish listed company Dustin. • Pr
Slide 53: Resolution on the remuneration of the auditor
14 Resolution on the remuneration of the auditor Upon the recommendation of the Audit Committee, the Board of Directors proposes to the Annual General Meeting that the auditor’s fees be paid against an invoice approved by the company. The same applies to the fees relating to the audit of the company
Slide 54: Election of the auditor
15 Election of the auditor Upon the recommendation of the Audit Committee, the Board of Directors proposes to the Annual General Meeting that PricewaterhouseCoopers Oy be re-elected as the company’s auditor for a term that ends at the close of the next Annual General Meeting. PricewaterhouseCoopers
Slide 55: Election of the sustainability reporting assurance provider
16 Election of the sustainability reporting assurance provider Upon the recommendation of the Audit Committee, the Board of Directors proposes to the Annual General Meeting that PricewaterhouseCoopers Oy be re-elected as the sustainability reporting assurance provider for a term that ends at the clo
Slide 56: Authorization of the Board to resolve on the repurchase of the company's own shares
17 Authorization of the Board of Directors to resolve on the repurchase of the company’s own shares The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to resolve on the repurchase of the company’s own shares. The number of shares to be repurchased by vi
Slide 57: Authorization of the Board to resolve on the issuance of shares for acquisitions
18 Authorization of the Board of Directors to resolve on the issuance of shares for the purposes of financing or carrying out corporate acquisitions or other arrangements The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to resolve on the issuance of s
Slide 58: Authorization of the Board to resolve on the issuance of shares for remuneration
19 Authorization of the Board of Directors to resolve on the issuance of shares for remuneration purposes The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to resolve on the issuance of shares in one or several tranches, against or without consideratio
Slide 59: Closing of the meeting
20 Closing of the meeting Annual General Meeting 2025 | 15 April 2025 | 59
Slide 60: For more information visit www.anora.com
For more information visit www.anora.com Follow us on LinkedIn Anora Group Plc