Slide 1: Fodelia Oyj Business Review January-September 2022
The Group’s net sales increased by 22 per cent in January-September, profitability was weakened by a strong increase in costs Fodelia Oyj Business Review January-September 2022 2.11.2022 CEO Mikko Tahkola and CFO Kati Kokkonen
Slide 2: We grow Finnish food industry companies into success stories
We grow Finnish food industry companies into success stories. Our goul is to be the most wanted and most successful innovator of food industry
Slide 3: Highlights in January-September 2022
Highlights in January-September 2022 • The Group’s net sales increased by 22 per cent • Profitability was weakened by a strong increase in costs • The Group's profitability was also affected by the sizeable investment in Feelia Ruokakauppa earlier this year • Feelia's foodservice net sales continued
Slide 4: The Group's net sales increased by 22 per cent in January-September
The Group’s net sales increased by 22 per cent in January-September Summary for January-September 2022 • Net sales for the period under review increased by 21.8% and amounted to EUR 30,355 thousand (1–9/2021: EUR 24,915 thousand) • EBITDA for the period was EUR 1,869 thousand (1,834 thousand), repre
Slide 5: Fodelia's business structure from 1 July 2022
Fodelia’s business structure from 1 July 2022 • As of 1 July 2022, Fodelia Oyj's business segments are Feelia and Fodelia Retail • The Feelia business segment focuses on clients in the foodservice market • Fodelia Retail focuses on retail clients and an online shop aimed at consumers • Real Snacks O
Slide 6: January-September 2022 in business areas
January-September 2022 in business areas
Slide 7: Net sales of Feelia in strong growth
Net sales of Feelia in strong growth • Feelia's net sales grew by 42.8% in January–September, and 35,9 % in July-September • Growth came especially from the private care sector and school meal services • Feelia's profitability decreased from the previous year, caused in large part by rising costs •
Slide 8: Feelia's profitability is temporarily weakened due to strongly risen manufacturing costs
Feelia's profitability is temporarily weakened due to strongly risen manufacturing costs • The prices of key raw materials used by Feelia have increased by about 20–40% in one year, depending on the product group • In addition, the prices of packaging supplies have risen by about 20%, energy by abou
Slide 9: Feelia's sales to care sector and school meals grew significantly
Feelia’s sales to care sector and school meals grew significantly September 2021 September 2022 • Feelia gains approximately 2 new care sector 3,1 % customers in one week 11,7 25,5 % % • The sales to care sector has increased by 156 per cent 45,8 % 29,5 % 8,8 % • The sales to school meals has increa
Slide 10: Feelia's solutions for care sector
Feelia’s solutions for care sector • The care sector in Finland will grow strongly in the upcoming years • In Finland there are over 600 000 people aged 75 or more • There are about 2,500 care homes in Finland • 1,000 of them are public and 1,500 private • Feelia’s food is ideal for care homes, and
Slide 11: Net sales of Fodelia Retail increased by 5.6% in January-September
Net sales of Fodelia Retail increased by 5.6% in January-September • Real Snacks Oy, Perniön Liha Oy, Pita Factory Oy and FodNet Oy are consolidated with the Fodelia Retail business • Since 1 July 2022 the companies have been managed as one business segment • The companies belonging to the business
Slide 12: The segment's retail business has seen positive development
The segment’s retail business has seen positive development • 73% of the business segment's net sales were generated from retail sales of snacks and processed meat products • Net sales increased modestly, and profitability saw clear improvement especially during third quarter • For these product gro
Slide 13: Feelia Ruokakauppa online grocery store grew by 16.6%
Feelia Ruokakauppa, an online grocery store aimed at consumers, grew by 16.6% in January–September • Of the business segment's net sales 27% were generated from the online store for consumers (Feelia Ruokakauppa) • The Feelia Ruokakauppa’s E-commerce page and operating model have been developed • We
Slide 14: Fodelia's new subsidiary Marjavasu Oy
Fodelia’s new subsidiary Marjavasu Oy produces produces juice concentrates and additive-free fruit and berry purées • Marjavasu Oy operates in foodservice market • The company produces juice concentrates and berry purées under it’s own Delimax brand • The company portfolio also includes different ki
Slide 15: Fodbar is solution for outsourcing municipal food services
Fodbar is solution for outsourcing municipal food services • Fodbar combines the expertise of Fodelia’s subsidiary Feelia Oy Current model of municipal food services and Barona HoReCa Oy, part of the Bravedo Group. Central kitchen • Feelia is responsible for producing nutritionally diverse, vacuum c
Slide 16: Fodbar has proceeded several projects during the third quarter
Fodbar has proceeded several projects during the third quarter • Fodbar has signed a significant framework agreement with Deaconess Foundation • The cooperation consisting meal services for restaurant and care units will start from 5 of November in Hoivamylly, Järvenpää • Fodbar’s cooperation with c
Slide 17: Key figures
Key figures Group 7–9/22 7–9/21 Change % 1–9/22 1–9/21 Change % 1–12/21 Net sales in thousands of euros 10,923 8,791 24.3 30,355 24,915 21.8 33,843 EBITDA in thousands of euros 593 976 -39.2 1,869 1,834 1.9 2,599 % of net sales 5.4 11,1 6.2 7.4 7.7 EBITA in thousand euros 240 897 -73.2 855 1,214 -29
Slide 18: The development of Group's net sales and EBIT quarterly
The development of Group’s net sales and EBIT quarterly The development of Group’s net sales quarterly The development of Group’s EBIT quarterly 14 000 000 800 000 12 000 000 700 000 10 000 000 600 000 8 000 000 500 000 6 000 000 400 000 4 000 000 300 000 2 000 000 200 000 0 Q1 2021 Q2 2021 Q3 2021
Slide 19: Long-term targets and outlook for 2022
Long-term targets and outlook for 2022 Long-term targets Dividend policy • The Group’s net sales in 2026 are over EUR 100 million Fodelia strives to distribute at least 35% of its • The Group’s operating margin is approximately 8-10% earnings as dividends to shareholders. • The group’s return on inv
Slide 20: Events after period under review
Events after period under review The company announced the signing of a letter of intent on the sale-leaseback arrangement of Feelia's property in Pyhäntä. The value of the property on Fodelia Group's balance sheet is approximately EUR 5.3 million. When completed, the sale of the factory property is
Slide 21: We help build the strong future of Finnish food sector
We help build the strong future of Finnish food sector
Slide 22: Q&A
Q&A
Slide 23: Thank you!
Thank you! Contact information: mikko.tahkola@fodelia.fi Phone number +358 408 290 195