Suominen Oyj · OMXHEX:SUY1V
Suominen Oyj — FY2023 Earnings Presentation
16 slides from Suominen Oyj's earnings presentation, Feb 6, 2024
Slide 1: Q4 and Full Year 2023
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Slide 2: Agenda
Agenda Year 2023 in brief Financial review Progress in strategy Outlook 2024 Q&A February 6, 2024
Slide 3: Year 2023 in brief
• Net sales were EUR 450.9 million (493.3) • Comparable EBITDA was EUR 15.8 million (15.3) • Cash flow from operations totaled to EUR 30.7 million (14.0) • Board of Directors proposes to the Annual General meeting a dividend of EUR 0.10 per share
Slide 4: Financial Review
FINANCIAL REVI
Slide 5: Net sales
Net sales Net sales, EUR million Net 500 480 460 440 420 + 400 380 360 sales, EUR million 434.9 140 120 100 + 80 60 5 40 | 20 5 04 2018 2019 2020 2021 2022 2023 The decrease in sales was driven by lower sales prices 133.1 115.6 118.0 116.8 449° 114.9 | | | | 106.4 | Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/
Slide 6: Comparable EBITDA
Comparable EBITDA Comparable EBITDA, EUR million Comparable EBITDA, EUR million 70 10 60 - 94 3 | 50 47.0 7 40 6} 337 5 | 30 56 44 20 153 15.8 34 2 “ L i - 0 o4 2018 2019 2020 2021 2022 2023 Q4/21 Q1/22 I Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/24 * Comparable EBITDA improvement was driven by the improved
Slide 7: Consolidated statement of profit or loss
Consolidated statement of profit or loss EUR thousa! 2/2023 12/2022 12/2023 2/2022 Net sales 114,938 133,072 450,851 493,298 Cost of goods sold 106,491 -131,273 428,122 -474,718 Gross profit 8,447 1,800 22,729 18,579 Other operating income 527 1,636 4,802 5,739 Sales, marketing and administration ex
Slide 8: Cash flow from operations
Cash flow from operations Cash flow from operations, EUR million Cash flow from operations, EUR million 20 6° ore 15.6 50 5 TL9 434 10 5 40 6.4 x0 324 299 307 5 | : [| [| >| a | 20 14.0 a 111 . -5 =2. 10 29 o ~ Oo -10.8 2018 2019 2020 2021 2022 2023 -15 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/2
Slide 9: Progress in Strategy
PROGR! EOS IN STRAT] EGY
Slide 10: Mission Vision
Mission Vision Enabling our customers to win Frontrunner for nonwovens by creating quality nonwovens innovation and sustainability Strategy: Growth and profitability through sustainability, customer focus and efficiency We will grow by creating innovative and more sustainable nonwovens for our custo
Slide 11: Highlights in 2023
Highlights in 2023 Investment project to further strengthen our capabilities in sustainable nonwovens in l Nakkila, Finland laa Closure of Mozzate plant in Italy to improve the competitiveness of European business February 6, 2024 Sales of sustainable products increased by 79%* Share of new products
Slide 12: Outlook
OUTLOOK
Slide 13: Comparable EBITDA outlook for 2024
Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2024 will improve from 2023. In 2023, Suominen’s comparable EBITDA was EUR 15.8 million.
Slide 14: Q&A
Q&A
Slide 15: Q1/2024 result publication and AGM dates
Q1/2024 result publication on May 7, 2024 Annual General Meeting on April 4, 2024
Slide 16: Suominen
Sa Suominen PURE NORDIC QUALITY