Slide 1: Raisio plc's Half-Year Financial Report January-June 2018
Raisio plc’s Half-Year Financial Report January-June 2018 President and CEO Pekka Kuusniemi 8 August 2018
Slide 2: Raisio's Q2/2018 in brief
Raisio’s Q2/2018 in brief • We continue our determined work to renew Raisio and to support profitable organic growth • Agreement to divest the cattle feed business to Lantmännen Agro signed on 4 May 2018 • Treated as a discontinued operation • Finnish Competition and Consumer Authority initiated fur
Slide 3: Raisio Group net sales and EBIT Q2/2018
Raisio Group net sales and EBIT Q2/2018 Continuing operations Net sales Comparable EBIT M€ M€ % 70 15 20 18.0% 60 61.4 59.7 15 50 10 11.0 40 11.0% 10 30 5 6.5 20 5 10 0 0 0 Q2/2017 Q2/2018 Q2/2017 Q2/2018 3
Slide 4: Raisio Group net sales and EBIT H1/2018
Raisio Group net sales and EBIT H1/2018 Continuing operations Net sales Comparable EBIT M€ M€ % 120 20 20 113.2 16.3% 100 109.5 15 18.4 15 80 11.7% 60 10 12.8 10 40 5 5 20 0 0 0 H1/2017 H1/2018 H1/2017 H1/2018 4
Slide 5: Key figures Q2/2018
Key figures Q2/2018 continuing operations, comparable figures Q2/2018 Q2/2017 Net sales, M€ 59.7 61.4 EBITDA, M€ 7.9 12.6 EBIT, M€ 6.5 11.0 EBIT, % 11.0 18.0 EPS, € 0.03 0.05 5
Slide 6: Key figures H1/2018
Key figures H1/2018 continuing operations, comparable figures H1/2018 H1/2017 Net sales, M€ 109.5 113.2 EBITDA, M€ 15.6 21.4 EBIT, M€ 12.8 18.4 EBIT, % 11.7 16.3 EPS, € 0.06 0.09 6
Slide 7: Key figures, balance sheet H1/2018
Key figures, balance sheet H1/2018 H1/2018 H1/2017 Equity ratio, % 74.6 68.3 Gearing, % - 29.3 1.8 Net interest-bearing debt, M€ - 72.7 5.3 Equity per share, € 1.58 1.87 Investments, M€ 2.5 7.5 7
Slide 8: Healthy Food
Healthy Food
Slide 9: Healthy Food Division's net sales and EBIT Q2/2018
Healthy Food Division’s net sales and EBIT Q2/2018 continuing operations Net sales Comparable EBIT M€ M€ % 20.8% 20 50 10 51.6 10.7 47.8 40 8 15 14.3% 30 6 6.8 10 20 4 5 10 2 0 0 0 Q2/2017 Q2/2018 Q2/2017 Q2/2018 9
Slide 10: Healthy Food Division's net sales and EBIT H1/2018
Healthy Food Division’s net sales and EBIT H1/2018 continuing operations Net sales Comparable EBIT M€ M€ % 20 20.1% 20 100 20.5 101.9 95.9 15 15.8% 80 15 15.1 60 10 10 40 5 5 20 0 0 0 H1/2017 H1/2018 H1/2017 H1/2018 10
Slide 11: Healthy Food, Northern and Eastern Europe
Healthy Food, Northern and Eastern Europe • Some 50% of the Healthy Food Division’s net sales • Net sales in Finland fell slightly from the comparison period • Retail sales at the comparison period level • Strong sales growth continued in Benecol and Torino pastas • In Russia, net sales in local cur
Slide 12: Novelty: Torino pastas with plenty of oat and vegetables
Novelty: Torino pastas with plenty of oat and vegetables • Good taste and healthiness from oats and vegetables • An easy way to add vegetables into your diet • In stores in June 2018 1.5 carrots in 1 beetroot in 1 decilitre of broccoli one serving one serving in one serving 12
Slide 13: Healthy Food, Western Europe
Healthy Food, Western Europe • Some 35% of the Healthy Food Division’s net sales • UK’s net sales in pounds at the comparison period level • Sales increased in Benecol spreads and decreased in yogurts; in yogurt drinks, sales at the comparison period level • An extensive advertising campaign for Ben
Slide 14: Novelty: Benecol snack bar
Novelty: Benecol snack bar • A new, long-awaited category for Benecol products • New distribution channels: a convenient, take-away Benecol snack bar well suited to impulse channels • Widely available in retail stores in Finland and UK, sold also in Poland • Significant advertising campaigns to supp
Slide 15: Healthy Food, Rest of the World
Healthy Food, Rest of the World • Some 15 % of the Healthy Food Division’s net sales • Sales in plant stanol ester, the Benecol product raw material, for the production of consumer products increased in our own markets • Sales of plant stanol ester to licensing partners • remained at the comparison
Slide 16: Raisioaqua
Raisioaqua
Slide 17: Raisioaqua Division's net sales and EBIT Q2/2018
Raisioaqua Division’s net sales and EBIT Q2/2018 Net sales Comparable EBIT M€ M€ 15 1.1 1 10 11.7 9.4 0,5 5 0.3 0 0 Q2/2017 Q2/2018 Q2/2017 Q2/2018 17
Slide 18: Raisioaqua Division's net sales and EBIT H1/2018
Raisioaqua Division’s net sales and EBIT H1/2018 Net sales Comparable EBIT M€ M€ 15 1 13.0 0,5 10 10.7 0 0.3 5 -0,5 -0.7 0 -1 H1/2017 H1/2018 H1/2017 H1/2018 18
Slide 19: Raisioaqua
Raisioaqua • Sales in fish feeds in Finland and for exports increased significantly • EBIT was reduced by the provision of EUR -0.5 million related to the fish feed produced using a soy product not meeting the quality criteria of various parties as it contained genetically modified soy • The soy pro
Slide 20: Discontinued operation: Cattle Feeds
Discontinued operation: Cattle Feeds • On 4 May 2018, Raisio announced the divestment of its cattle feed business to Lantmännen Agro • The transaction is subject to approval by the competition authority • On 23 July 2018, the Finnish Competition and Consumer Authority initiated further proceedings c
Slide 21: Raisio's revised outlook for 2018
Raisio’s revised outlook for 2018 • The cattle feed business divestment was announced on 4 May 2018; Raisio treats the business as a discontinued operation and also revises the net sales forecast for the Group’s continuing operations. • The cattle feed business is treated as a discontinued operation
Slide 22: Thank you!
Thank you!