Prfoods As · OMXTSE:PRF1T
Prfoods As — Premia Foods — Q3 2013 Earnings Presentation
13 slides from Prfoods As's earnings presentation, Nov 12, 2013
Slide 1: Slide 1
Slide 2: Premia Foods 3rd Quarter & 9 months 2013
Premia Foods rd 3 Quarter & 9 months 2013 November 12, 2013
Slide 3: Increase in turnover, improved EBIT and net profit
Increase in turnover, improved EBIT and net profit Highest organic growth in turnover in Premia Foods history- in 3rd quarter +13.8%, i.e. 3.3 mEUR. 3rd QUARTER Largest contribution to operating profit came from the ice cream business segment. Advantages of vertical integration in fish business segm
Slide 4: Key ratios: Profit & Loss
Key ratios: Profit & Loss Profit & Loss, EUR mln Q3 2013 Q3 2012 Q3 9m 2013 9m 2012 9m Sales 26.9 23.6 72.9 66.8 Gross profit 7.1 7.1 18.8 19.3 EBITDA from operations 2.1 2.1 4.1 4.9 EBITDA 3.3 1.9 5.0 3.2 EBIT 2.7 1.0 3.1 0.7 Net profit 2.1 1.1 1.9 0.7 Gross margin 26.4% 30.2% 25.8% 28.8% Operation
Slide 5: Sales by segments: 9 months 2013
Sales by segments: 9 months 2013 Fish: value + 10% volume + 6% Ice cream: value + 7% volume 0% 36% 36% Frozen goods: value + 9% volume + 5% 25% Sales breakdown by segments, 9 months 2013
Slide 6: Sales by countries
23.1 Sales by countries 7.7 Turnover of 9 months 21.3 2013: 72.9 million euro 2013/2012: + 9% Finland: + 10% 11.2 Estonia: + 8% Latvia: + 14% Lithuania: + 11% Russia: + 1% 9.3
Slide 7: Segment share from total sales (9m 2013)
Ice cream caught fish SEGMENT SHARE FROM TOTAL SALES (9m 2013) Other 0.2% 2.4% 0.1% 0.4% 0.0% 0.0% Fish 31.0% 4.8% 0.5% 0.0% 0.1% Frozen Goods 0.0% 9.7% 9.4% 5.6% 0.1% 0.0% Ice cream 0.4% 12.3% 5.4% 6.8% 10.5% 0.2% SEGMENT ---------------- Finland Estonia Latvia Lithuania Russia Other regions MARKET
Slide 8: Business segments in brief
Business segments in brief EUR million 9m 2013 9m 2012 EUR million 9m 2013 9m 2012 Sales EBITDA from operations Ice cream 26.1 24.4 Ice cream 4.2 3.0 Frozen goods 18.1 16.5 Frozen goods 0.1 0.0 Fish and fish products 26.5 24.2 Fish and fish products 0.0 2.1 Other 2.2 1.7 Other & unallocated -0.2 -0.
Slide 9: Fish and fish products
Fish and fish products million euro In 3rd quarter the fastest growth of the last 9.4 9.2 two years, increase by 28.4%, i.e. 2.1 8.2 8.9 mEUR. 7.7 7.3 The turnover growth came mainly from the SALES: 9.9% or + 2.4 mEUR HoReCa sector, in retail sector once again price increases were launched. 20% 16%
Slide 10: Ice cream
Ice cream million euro Turnover of 9 months increased by 7%, i.e. 1.6 mEUR, in Baltics the 9 months growth was 10%. 10.7 12.1 10.0 10.4 Success resulted from the successful novelty products, strong marketing and sales campaigns 3.7 3.6 and favourable weather conditions. The greatest monetary increas
Slide 11: Frozen goods
Frozen goods million euro 5.9 6.0 6.2 5.6 5.6 5.3 Quarterly turnover of frozen goods segment exceeded first time 6.0 mEUR reaching 6.2 mEUR in Q3 2013. SALES: 9,4% or + 1.6 mEUR Turnover increased the most in Lithuania 24% 24% 23% 23% 23% 23% (+0.9 mEUR) and Latvia (+0.6 mEUR). Gross profit of 9 mon
Slide 12: Cost analysis
Cost analysis 9m 2013 9m 2012 change 9m 2013 9m 2012 change EUR mln EUR mln EUR mln as % of sales as % of sales as % of sales Sales 72.9 66.8 + 6.1 100.0% 100.0% Cost of goods sold - 54.1 - 47.5 + 6.6 74.2% 71.2% + 3.0% incl one-off exp - 0.2 - 0.3 - 0.1 0.2% 0.5% - 0.2% materials in production & co
Slide 13: Key ratios: Balance Sheet
Key ratios: Balance Sheet Balance Sheet, EUR mln 30.09.13 30.09.12 Net debt 14.6 10.9 Equity 38.2 37.1 Working capital 13.1 9.7 Assets 66.1 65.4 Liquidity ratio 1.86 1.55 Equity ratio 58% 57% Gearing ratio 28% 23% Net debt-to-EBITDA 3.21 2.06 ROE 2% -1% ROA 2% -1% According to AGM resolution from Ma