Slide 1: Interim report January-March 2012
Interim report January ─ March 2012 26 April 2012 SVP, CFO Jukka Erlund
Slide 2: Kesko's sales growth exceeded 10%
Kesko’s sales growth exceeded 10% • K-Group’s sales were €2.8 billion, up 10.4% (VAT 0%) • Kesko’s net sales for the first quarter €2.3 billion, up 10.2% • Sales of Audi, Volkswagen and Seat increased by 32% • The sales of the building and home improvement trade grew by 10% • Operating profit exclud
Slide 3: Net sales by division
Net sales by division 1.1.-31.3. (M€) 2012 2011 Change Food trade 1,010 948 +7% Home and speciality goods trade 369 348 +6% Building and home improvement trade 629 570 +10% Car and machinery trade 353 279 +26% Group total 2,318 2,103 +10% 3 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 20
Slide 4: Group's net sales by quarter (M€)
Group’s net sales by quarter (M€) 3 000 +8.5% +7.8% +7.4% 2 500 +10.2% +7.4% 456 388 467 357 +16.5% 2 000 306 1 500 +9.1% 1 000 2,016 2,094 1,961 1,937 1,797 500 0 Q1 Q2 Q3 Q4 Q1 2011 2012 Finland Suomi Other Muut countries maat 4 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 2012
Slide 5: Operating profit excl. non-recurring items by division
Operating profit excl. non-recurring items by division 1.1.-31.3. (M€) 2012 2011 Change, M€ Food trade 35 41 -6 Home and speciality goods trade -13 -7 -5 Building and home improvement trade -9 -9 0 Car and machinery trade 16 12 3 Group total 24 35 -11 5 Q1 2012 Media and analyst briefing Jukka Erlun
Slide 6: Operating profit by quarter (M€)
Operating profit by quarter (M€) 150 120 35.3 90 0.6 1.0 2.3 1.3 60 88.7 0.8 83.3 89.2 78.1 80.5 71.5 2.8 30 0.1 34.9 20.9 23.6 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -1.0 Q4 Q1 2010 2011 2012 Operating profit excl. non-recurring items Non-recurring items 6 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 2
Slide 7: Group's profit before tax Q1/2012 (M€)
Group’s profit before tax Q1/2012 (M€) 50 36.1 40 0.8 30 26.3 2.8 20 34.9 10 23.6 0.4 0 -0.1 -10 Q1/2011 Q1/2012 Net financial items and income from associates excl. non-recurring items Operating profit excl. non-recurring items Non-recurring items 7 Q1 2012 Media and analyst briefing Jukka Erlund 2
Slide 8: Food trade 1-3/2012
Food trade 1-3/2012 Net sales 1-3, M€ • Net sales increased by 6.5% 1 200 948 1,010 +6.5% – Sales of Pirkka products grew by 900 16% 600 • Operating profit performance was 300 impacted by the launch of Russian operations and the expansion of store 0 site network 2011 2012 Finland Other countries - C
Slide 9: Home and speciality goods trade 1-3/2012
Home and speciality goods trade 1-3/2012 Net sales 1-3, M€ • Sales increased by 6.1% 500 400 348 369 +6.1% - Especially Intersport, Asko and Sotka 300 +(..)% achieved good sales performances 200 +3.6% • Profitability was weakened by costs 100 arising from the integration and 0 development of the ope
Slide 10: Building and home improvement trade 1-3/2012
Building and home improvement trade 1-3/2012 Net sales 1-3, M€ • The sales increased in all operating 800 countries 570 629 +10.3% 600 - Most significant growth in basic +13.5% building supplies 400 200 • Operating profit at the level of the +7.1% previous year. Profit performance was 0 impacted by
Slide 11: Car and machinery trade 1-3/2012
Car and machinery trade 1-3/2012 Net sales 1-3, M€ • Net sales increased by 26.4% 400 353 +26.4% 279 +21.9% - Sales and profit of the car trade 300 +26.7% at record levels, net sales up 200 32.4%. The growth was boosted 100 by the car tax change effective 1 0 April 2012 2011 2012 • Market share of A
Slide 12: Group's capital expenditure (M€)
Group’s capital expenditure (M€) 120 104.1 100 13.3 80 64.1 60 11.4 90.8 40 52.7 20 0 1-3/2011 1-3/2012 Store sites Others Acquisitions 12 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 2012
Slide 13: Interest-bearing net debt (M€)
Interest-bearing net debt (M€) 200 100 154 0 -100 -279 -200 -300 3/2011 3/2012 Liquid assets 3/2012: €293 million (3/2011: €724 million) 13 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 2012
Slide 14: Equity ratio, %
Equity ratio, % 60 50 40 30 54.4 52.7 20 10 0 3/2011 3/2012 14 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 2012
Slide 15: Return on capital excl. non-recurring items, moving 12 mo (%)
Return on capital excl. non-recurring items, moving 12 mo (%) 20 15 10 14.6 11.9 5 9.3 8.4 0 Return on equity, % Return on capital employed, % 4/10 - 3/11 4/11 - 3/12 15 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 2012
Slide 16: Performance indicators
Performance indicators 1-3/2012 1-3/2011 Net sales, € million 2,318 2,103 Operating profit, € million 26 36 Operating profit excl. non-recurring items, € million 24 35 Group’s profit before tax, € million 26 36 Capital expenditure, € million 104 64 Earnings/share, €, diluted 0.17 0.25 Earnings/share
Slide 17: Earnings/share
Earnings/share (diluted) € 0,3 0.25 0.01 0,2 0.17 0.02 0.24 0,1 0.15 0 2011 2012 Earnings/share excl. non-recurring items, diluted Earnings/share, non-recurring items, diluted 17 Q1 2012 Media and analyst briefing Jukka Erlund 26 April 2012
Slide 18: Future outlook
Future outlook Estimates of the future outlook for the Kesko Group's net sales and operating profit excluding non-recurring items are given for the 12 months following the reporting period (4/2012-3/2013) in comparison with the 12 months preceding the reporting period (4/2011- 3/2012). Resulting fro
Slide 19: Thank you!
Thank you!