Suominen Oyj · OMXHEX:SUY1V
Suominen Oyj — Q2 2024 Earnings Presentation
16 slides from Suominen Oyj's earnings presentation, Aug 9, 2024
Slide 1: Q2/2024 results presentation
Tommi Bjornman, President and C Janne Silonsaari, CFO August 9, 2024 es
Slide 2: Agenda
Agenda Q2/2024 and H1/2024 in brief Financial review Progress in strategy Outlook 2024 Q&A August 9, 2024
Slide 3: Q2/2024 and H1/2024 in brief
Q2/2024 and H1/2024 in brief Q2/2024 in brief ¢ Net sales increased by 5% and amounted to EUR 118.7 million (112.7) * Comparable EBITDA increased to EUR 5.0 million (2.7) * Cash flow from operations was EUR 2.1 million (6.4) H1/2024 in brief « Net sales were in line with the previous year and amount
Slide 4: Financial review
FINANCIAL REVIE
Slide 5: Net sales
Net sales Net sales, EUR million Net sales, EUR million 140 434.9 133.4 600 493.3 120 118.0 116.8 445 114.9 118.7 Miu: ~ TIs6 500 458-9 106.4 443.2 450.9 4311 411.4 100 400 80 300 232.3 60 200 40 100 20 om 2018 2019 2020 20214 2022 2023 H1/2024 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 G2/23 Q3/23 Q4/23 Q1/24 Q
Slide 6: Comparable EBITDA
Comparable EBITDA Comparable EBITDA, EUR million 70 60 50 40 * Comparable EBITDA in Q2/2024 was EUR 5.0 million 6 5 4 60.9 47.0 33.7 3 5.6 2 15.3 15.8 q [| ~ . | 2018 2019 2020 2021 2022 2023 H1/2024 Comparable EBITDA, EUR million 53 51 5.0 52 5.0 45 33 me) 2: 19 | Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/2
Slide 7: Income statement
4-6/2024 4-6/2023 1-6/2024 1-6/2023 1-12/2023 118,668 112,673 232,255 229,466 450,851 -109,756 -109,605 -215,200 -221,544 -428,122 8,912 3,068 17,055 7,922 22,729 516 637 1,195 1,739 4,802 -9,032 -6,902 -16,809 -14,239 -28,497 -1,182 -1,105 -2,145 -1,986 -3,851 -32 -2,421 -14 -2,252 -2,700 -816 -6,7
Slide 8: Cash flow from operations
Cash flow from operations Cash flow from operations, EUR million Cash flow from operations, EUR million 60 20 50 15 40 10 30.7 30 5 20 Oo 0 1 I 0 10 -5 2. Oo -10 -0.1 I 8 -10 -15 2018 2019 2020 2021 2022 2023 H1/2024 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 * Cash flow from operat
Slide 9: Progress in strategy
PROGRESS IN STRATEGY
Slide 10: Mission, Vision and Strategy
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: Investments and restructuring program
Suominen invests in strengthening its capabilities in sustainable products in Bethune, USA The investment is made in line with Suominen’s strategy and supports company’s vision to be the frontrunner in nonwovens innovation and sustainability. August 9, 2024 Restructuring program to reposition Suomin
Slide 12: Outlook
OUTLOOK
Slide 13: Outlook 2024
Outlook 2024 Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2024 will increase from 2023. In 2023, Suominen’s comparable EBITDA was EUR 15.8 million. August 9, 2024 & Suominen
Slide 14: Q&A
Q&A
Slide 15: Slide 15
Slide 16: Suominen - Pure Nordic Quality
Sa Suominen PURE NORDIC QUALITY