Rapala Vmc Oyj · OMXHEX:RAP1V
Rapala Vmc Oyj — Q1 2007 Earnings Presentation
11 slides from Rapala Vmc Oyj's earnings presentation, Apr 26, 2007
Slide 1: Q1 Interim Report 2007
Q1 Interim Report 2007 April 26, 2007 Slide 1
Slide 2: Agenda
AGENDA • Changes in Group Business Organization • Q1 2007 In Brief • Sales and Profitability • Cashflow & Working Capital • Strategy Implementation • Outlook for 2007 Slide 2
Slide 3: Group Organizational Overview
Group Organizational Overview USA FINLAND ESTONIA CANADA SWEDEN POLAND REST OF EUROPE ITALY Distribution JAPAN DENMARK RUSSIA GERMANY REST OF WORLD BRAZIL NORWAY UKRAINE NETHERLANDS MALAYSIA FRANCE LITHUANIA BELGIUM AUSTRALIA SPAIN LATVIA CHINA SWITZERLAND CZECH REPUBLIC THAILAND PORTUGAL HUNGARY LO
Slide 4: Location of Business Operations
Location of Business Operations Latest additions (07): - Lure factory in Russia - Terminator lures in USA 2006 additions: - LJS painting shop in US - T&P sales co in S-Africa - New sales co in S-Korea - Tortue lines in France - Shimano sales in S-EE - New sales co in China THE NEXT LEVEL Slide 4
Slide 5: Q1 2007 In Brief
Q1 2007 IN BRIEF MEUR I/2007 I/2006 2006 Net Sales 63.4 63.4 226.6 EBITDA 12.3 11.6 28.0 Operating Profit (EBIT) 12.0 10.0 21.7 Profit Before Taxes 11.0 7.8 14.6 Net Profit for the Period 7.7 5.7 11.0 EPS (basic), EUR 0.20 0.15 0.28 Equity-to-assets, % 32.9% 32.3% 33.4% Net Interest-bearing Debt 109
Slide 6: Net Sales by Quarter
NET SALES BY QUARTER Q1 2007 net sales reached last year 80 record levels despite weak USD and 70 bad winter season (63.4 MEUR). 60 FX net effect on net sales was -3.2 50 MEUR MEUR. 40 30 Excluding FX effect, organic growth 20 was 4% 10 Market remained quite stable in 0 Western Europe and US
Slide 7: Operating Profit by Quarter
OPERATING PROFIT BY QUARTER • Q1 operating profit improved 20% 13,5 and was 12.0 MEUR (10.0 MEUR). 12,0 10,5 Operating profit margin up to 18.9% 9,0 (15.8%) and ROCE 25.4% (21.9%). MEUR 7,5 Improvement in operating profit from 6,0 good summer season in Australia & 4,5 3,0 South Africa, increased sal
Slide 8: Cashflow and Working Capital
CASHFLOW AND WORKING CAPITAL STATEMENT OF CASH FLOWS Jan-Mar Jan-Mar Jan-Dec MEUR 2007 2006 2006 Net profit for the period 7.7 5.7 11.0 Adjustments 2.8 4.3 7.1 Change in working capital -17.8 -19.6 -8.1 Net cash generated from operating activities -7.3 -9.6 10.0 Net cash used in investing activities
Slide 9: Strategy Implementation in Q1 2007
STRATEGY IMPLEMENTATION IN Q1 2007 ¾ Rapala’s strategic objective is profitable growth, founded on 3 established strenghts: ¾ A unique manufacturing and sourcing platform (China and Europe) ¾ A leading global distribution network in fishing tackle industry ¾ A strong brand portfolio with several lea
Slide 10: Outlook for 2007
OUTLOOK FOR 2007 – The market outlook for the rest of 2007 looks quite stable. – Net sales for 2007 is expected to increase 5–10%, assuming 2006 average FX rates. – Possible additional acquisitions during 2007 would further increase the sales. – Special performance improvement initiatives started to
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