Huhtamaki Oyj · OMXHEX:HUH1V
Huhtamaki Oyj — Shareholder Meeting (April 2021)
24 slides from Huhtamaki Oyj's shareholder meeting presentation, Apr 22, 2021
Slide 1: Protecting food, people and the planet
Protecting food, people and the planet Webcast after Annual General Meeting April 22, 2021 Charles Héaulmé President and CEO
Slide 2: Broadly serving food on-the-go and food on-the-shelf
Broadly serving food on-the-go and food on-the-shelf Food on-the-go Food on-the-shelf Markets Customers QSR Food Delivery FMCG Retail Products Convenience Food safety Food availability Food waste reduction Packaging technology Paperboard conversion Molded fiber Flexibles 7 April 22, 2021 Presentatio
Slide 3: Huhtamaki operates on a global scale
Huhtamaki operates on a global scale 2020 figures NET SALES €3.3B ADJUSTED EBIT MARGIN 9.1% MANUFACTURING UNITS 81 OPERATING COUNTRIES 35 EMPLOYEES 18,227 8 April 22, 2021 Presentation to shareholders | Charles Héaulmé
Slide 4: We have a strong and diverse leadership team
We have a strong and diverse leadership team Charles Héaulmé President & CEO Business segment Thomas Geust Chief Financial Officer Thomasine Kamerling Arup Basu Ann O’Hara Eric Le Lay EVP, Sustainability & Communications President, President, President, Global business functions Flexible Packaging N
Slide 5: Our 2030 Strategy
Our 2030 Strategy Huhtamaki
Slide 6: Our 100 year Nordic legacy is reflected in our core values: Care Dare Deliver
Our 100 year Nordic legacy is reflected in our core values: Care Dare Deliver In 2020 • We celebrated our hundredth anniversary • We started our transformation journey towards 2030 • Our renewed core values Care Dare Deliver are true to our legacy and drive a forward- looking mindset 11 April 22, 20
Slide 7: Our strategy builds on transformative trends impacting the future of packaging
Our strategy builds on transformative trends impacting the future of packaging • The next billion consumers will come from emerging markets • Future consumer will require packaging to be innovative, individual and sustainable • Digitalization will influence packaging and the way we do business • Sus
Slide 8: Our 2030 Strategy
Our 2030 Strategy Protecting food, people and the planet Our ambition is to be the first choice in sustainable packaging solutions, enabling wellbeing and convenience for people around the world GROWING IMPROVING OUR DEVELOPING OUR BUSINESS COMPETITIVENESS OUR TALENT EMBEDDING SUSTAINABILITY IN EVER
Slide 9: We focus on our strategic priorities to drive growth
We focus on our strategic priorities to drive growth Competitiveness Talent Sustainability Digitalization • Achieve world-class processes and • Develop strategic capabilities • Focus innovation on sustainable • Improve operational performance operational performance packaging designed for circularit
Slide 10: We have high financial and sustainability ambitions
We have high financial and sustainability ambitions Our ambition First choice in sustainable food packaging solutions Comparable growth Adjusted EBIT margin Net debt/Adjusted EBITDA Dividend payout ratio 5+% 10+% 2-3 40-50% Carbon neutral 100% >80% 100% >90% 100% production of products designed rene
Slide 11: Strong performance in 2020 despite COVID
Strong performance in 2020 despite COVID
Slide 12: 2020 – A year of external disruption and internal transformation
2020 – A year of external disruption and internal transformation EXTERNAL DISRUPTION INTERNAL TRANSFORMATION • Macroeconomy impacted by COVID-19 crisis • 2030 growth strategy finalized and rolled- and continued geopolitical tensions out with enhanced focus on sustainability, digitalization, innovati
Slide 13: Our essential status ensured business continuity to serve our customers
Our essential status ensured business continuity to serve our customers • During 2020, temporary close-down of operations in 14 out of 81 units, with only 3 units closed for more than 3 weeks • Operations have been closed during 1% of the time • We have constantly worked on protecting the health of
Slide 14: 2020 – Solid performance despite COVID-19 pandemic
2020 – Solid performance despite COVID-19 pandemic Net sales Adjusted EBIT CAPEX • The global pandemic resulted in a minor decrease in net sales 3,302 MEUR -3% 302 MEUR +3% 223 MEUR +10% • Adjusted EBIT margin improved Net debt/Adjusted • Investments into Comparable growth Adj. EBIT margin future gr
Slide 15: Food on-the-shelf packaging continued to grow, whilst food on-the-go was affected by the pandemic
Food on-the-shelf packaging continued to grow, whilst food on-the- go was affected by the pandemic North America Flexible Packaging Foodservice Europe- Fiber Packaging Asia-Oceania Net sales Comparable Adj. EBIT Net sales Comparable Adj. EBIT Net sales Comparable Adj. EBIT Net sales Comparable Adj.
Slide 16: 2020 MSCI 'A' rating reflects our progress in sustainability
2020 MSCI ‘A’ rating reflects our progress in sustainability Global 2020 Sustainability Dashboard Renewable or recycled materials Renewable electricity Non-hazardous waste recycled Health and safety (% of total materials) (% of total electricity consumed) (% of total non-haz. waste) 2030 Lost time i
Slide 17: The Board of Directors aims for predictable and growing dividends
The Board of Directors aims for predictable and growing dividends Dividend per share (EUR) and payout ratio (% of adjusted EPS) 65% 53% Long-term ambition: 50% 50% 47% 47% 47% 47% 47% Payout ratio 40-50% • 12th consecutive year of 42% 42% 40% 40% growing dividends • Dividend has increased 0,89 0,92
Slide 18: Trading conditions in early 2021
Trading conditions in early 2021 • Continued COVID-19 impact – gradual improvement in most markets • Unfavorable currency exchange rate evolution • Food on-the-shelf demand remains solid and plastic substitution and e-commerce drive strong demand in fiber • Raw material prices more challenging than
Slide 19: Q1 2021: Improved profitability with a gradual recovery in demand
Q1 2021: Improved profitability with a gradual recovery in demand Net sales Adjusted EBIT CAPEX • Net sales decreased due to currency impact – comparable 802 MEUR -5% 77 MEUR +5% 33 MEUR -16% growth was flat • Adjusted EBIT and Net debt/Adjusted margin improved Comparable growth Adj. EBIT margin EBI
Slide 20: The value of packaging is more than its impact on the planet
The value of packaging is more than its impact on the planet… Food availability Food safety and hygiene Food waste prevention … and there is so much more packaging will do 25 April 22, 2021 Presentation to shareholders | Charles Héaulmé
Slide 21: Delivering incremental innovation and driving sector transformation
Delivering incremental innovation and driving sector transformation Fiber Foodservice EAO North America Flexible Packaging In response to the increased demand for Huhtamaki responded to school To support our customers in making delivery and take-out packaging, our unit closures by designing and laun
Slide 22: Imagine a world where packaging is...
Imagine a world where packaging is... Renewable Recycled Carbon neutral Smart All material is from All packaging is collected Production is carbon neutral, Packaging is active, renewable or recycled post-consumption, recycled, with all waste recycled or intelligent (digital identity) sources compost
Slide 23: We believe in protecting food, people and the planet
We believe in protecting food, people and the planet… … enabling wellbeing and convenience for people around the world 28 April 22, 2021 Presentation to shareholders | Charles Héaulmé
Slide 24: Thank you!
Thank you! April 22, 2021to shareholders | Charles Héaulmé Presentation 29