Slide 1: Financial statements January-December 2009
Financial statements January-December 2009 5 February 2010
Slide 2: Kesko's financial statements 1-12/2009
Kesko’s financial statements 1-12/2009 • Despite the difficult market situation, all divisions achieved positive results • K-food stores’ grocery sales increased by 5.6%. Kesko Food’s profitability improved on the previous year • In the home and speciality goods trade, K-citymarket and Intersport de
Slide 3: Net sales by division 1.1.-31.12. (M€)
Net sales by division 1.1.-31.12. (M€) 2009 2008 Change, % Food trade 3,798 3,707 2.4 Home and speciality goods trade 1,558 1,606 -3.0 Building and home improvement trade 2,312 2,978 -22.4 Car and machinery trade 947 1,480 -36.0 Common operations and eliminations -168 -178 -5.7 Total 8,447 9,591 -11
Slide 4: Group's net sales by quarter (M€)
Group’s net sales by quarter (M€) 3 000 +6.1% +3.0% 2 500 -2.4% +6.8% -15.9% -12.4% -7.7% 588 560 454 -11.4% 2 000 458 357 315 408 401 -21.4% 1 500 1 000 1 959 1 875 1 879 1 819 1 703 1 734 1 732 1 796 -4.4% 500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 Finland Other countries Page 4 Q4 2009 Media and ana
Slide 5: Operating profit by quarter (M€), continuing operations
Operating profit by quarter (M€), continuing operations 160 120 80 70.1 71.9 40 68.0 27.3 0 -40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2006 2007 2008 2009 Operating profit excl. non-recurring items, Non-recurring items, continuing operations continuing operations Page 5 Q4 2009 Media and an
Slide 6: Operating profit by quarter (M€), continuing operations
Operating profit by quarter (M€), continuing operations 160 120 3.7 113.6 50.1 80 6.3 0.8 40 81.1 72.0 68.0 36.6 36.4 47.5 27.3 3.4 19.8 0 -20.4 -28.2 -40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 Operating profit excl. non-recurring items, Non-recurring items, continuing operations continuing operations Pa
Slide 7: Group's operating profit before tax 1-12/2009 (M€)
Group’s operating profit before tax 1-12/2009 (M€), continuing operations 288.5 216.6 300 2.9 250 68.7 200 77.0 150 100 217.0 155.4 50 0 1-12/2008 1-12/2009 -15.7 -50 Operating profit excl. non-recurring items, continuing operations Non-recurring items, continuing operations Net financial items and
Slide 8: Food trade 1-12/2009
Food trade 1-12/2009 Net sales 1-12, M€ 3,707 3,798 • K-food stores’ grocery sales increased by 4 000 5.6%, (VAT 0%) 3 000 • K-citymarket’s sales growth 14.3% 2 000 +2.4% • Pirkka products recorded a good sales 1 000 performance 0 • In the food trade, profitability and 2008 2009 efficiency improved
Slide 9: Home and speciality goods trade 1-12/2009
Home and speciality goods trade 1-12/2009 Net sales 1-12, M€ 1,606 1,558 -3.0% • K-citymarket and Intersport had good 2 000 -39.6% sales and profitability performance 1 500 throughout the year 1 000 -1.9% • At year end, Anttila’s profitability was 500 improved by successful Christmas trading. Indoor
Slide 10: Building and home improvement trade 1-12/2009
Building and home improvement trade 1-12/2009 Net sales 1-12, M€ 2,978 2,312 -22.4% • Difficult year in the building and home 3 000 2 500 improvement trade, and especially in 2 000 -23.4% the B2B trade 1 500 1 000 • In Sweden, sales clearly returned 500 -21.1% to growth, up 11% in terms of the 0 loc
Slide 11: Car and machinery trade 1-12/2009
Car and machinery trade 1-12/2009 Net sales 1-12, M€ 1,480 947 -36.0% • The sharp decline in the car trade 1 500 market eased at the end of the year 1 000 • Audi’s, Volkswagen’s and Seat’s -49.1% market share rose to 18.5% 500 (17.1%) the order book was higher -32.0% compared with the previous year
Slide 12: Non-recurring items
Non-recurring items 1-12/2009, a total amount of €77 million • Continuing operations – Gain on the disposal of real estate to Varma, €72 million, and gain on the disposal of real estate to the Kesko Pension Fund, €20 million – Impairment charges on real estate, €14 million 1-12/2008 , a total amount
Slide 13: Group's investments, continuing operations (M€)
Group’s investments, continuing operations (M€) 338.4 198.0 Others Page 13 Q4 2009 Media and analyst briefing ATa
Slide 14: Equity ratio, %
Equity ratio,% 12/2008 12/2009 Page 14 Q4 2009 Media and analyst briefing ATa
Slide 15: Performance indicators
Performance indicators Continuing operations 1-12/2009 1-12/2008 Net sales, € million 8,447 9,591 Operating profit, € million 232.4 285.7 Operating profit excl. non-recurring items, € million 155.4 217.0 Profit before tax, € million 216.6 288.5 Investments, € million 198.0 338.4 Whole Group Earnings
Slide 16: Share price trend 12 mo
Share price trend 12 mo OMX Helsinki CAP KESKO B 01/09 01/10 Page 16 Q4 2009 Media and analyst briefing ATa
Slide 17: Market capitalisation 31 Dec. (M€)
Market capitalisation 31 Dec. (M€) 1,875 2,286 €23.08/share €23.60/share B share A share Page 17 Q4 2009 Media and analyst briefing ATa
Slide 18: Earnings/share, € and dividend/share, €
Earnings/share, € and dividend/share, € 4,0 3.80 3,5 2.92 3,0 1.97 0.71 2,5 2.25 2,0 1.89 0.80 0.24 1,5 1.28 2.21 1,0 0.57 1.83 1.65 1.50 1.60 1.44 *) 0,5 1.10 1.00 0,90 0.71 0,0 2005 IFRS 2006 IFRS 2007 IFRS 2008 IFRS 2009 IFRS Earnings/share, Non-recurring items Dividend basic *) Proposal to the A
Slide 19: 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 (1/2010-12/2010) in comparison with the 12 months preceding the reporting period (1/2009-12/2009). The performa
Slide 20: Thank you!
Thank you! Page 20 Q4 2009 Media and analyst briefing ATa