Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — FY2022 Earnings Presentation
25 slides from Apetit Oyj's earnings presentation, Feb 16, 2023
Slide 1: Financial Statements review 2022
Financial Statements review 2022 CEO Esa Mäki, Apetit Plc APETIT PLC | Financial Statements Review 2022 16.2.2023 1
Slide 2: Financial Performance
Financial Performance APETIT PLC | Financial Statements Review 2022 16.2.2023 2
Slide 3: Net sales, EBITDA, Operating profit
Net sales, EBITDA, Operating profit Continuing operations October-December 2022 January-December 2022 • Net sales EUR 46.6 (40.3) million • Net sales EUR 181.7 (149.1) million • EBITDA EUR 4.5 (2.2) million • EBITDA EUR 9.2 (11.1) million • Operating profit EUR 3.0 (0.7) million • Operating profit E
Slide 4: Continuing operations
Continuing operations APETIT PLC | Financial Statements Review 2022 16.2.2023 4
Slide 5: The result slightly below the comparison period
Food Solutions October-December 2022 The result slightly below the comparison period • Net sales for October–December amounted to EUR 17.1 (15.6) million • Net sales increased due to rising market prices. Net sales, EUR million • The sales volume decreased slightly from the comparison period in the
Slide 6: Inflation affects eating - Apetit's products have a strong position in the retail trade
Inflation affects eating - Apetit's products have a strong position in the retail trade • Inflation strongly affected the price of food during the year • According to Statistics Finland* food prices in December 2022 were 16 per cent higher than a year earlier. • Prices have increased particularly fo
Slide 7: The renewal effort of the frozen pizza plant was carried out as planned
The renewal effort of the frozen pizza plant was carried out as planned • The investment for an extensive renewal effort at the Pudasjärvi frozen pizza plant was completed in July and the production began in early August. • The value of the investment is approximately EUR 2 million • Completely rene
Slide 8: Investments to Säkylä frozen food plant
Investments to Säkylä frozen food plant • Material efficiency with the new intake end of the harvest- time production’s pea line • Saves about 2,500 liters of water per ton of frozen peas • A successful renewal work: was completed in accordance with the schedule, which meant that it was operational
Slide 9: Significant profit improvement in the last quarter
Oilseed Products October-December 2022 Significant profit improvement in the last quarter • The net sales of Oilseed Products increased clearly and were EUR 29.7 Net sales, EUR milliion (24.9) million in October-December. 10-12 2021 10-12 2022 1-12 2021 1-12 2022 • Net sales growth was mainly due to
Slide 10: Aim to increase the cultivation of oilseed plants in Finland to a sustainable level
Aim to increase the cultivation of oilseed plants in Finland to a sustainable level • According to Natural Resources Institute Finland, the domestic oilseed plant harvest was 2022 approximately one- third higher than the previous year. • The goal is still a bigger volume and a better yield level. •
Slide 11: The bioenergy plant has been in operation for more than a year
The bioenergy plant has been in operation for more than a year • The use of the bioenergy plant at the Kantvik vegetable oil milling plant has intensified during the year 2022. • The direct climate impacts of the Kantvik vegetable oil milling plant decreased by more than 90 percent since 2019 with t
Slide 12: Discounted operations
Discounted operations APETIT PLC | Financial Statements Review 2022 16.2.2023 12
Slide 13: Grain trade October-December 2022
Grain trade October-December 2022 Liikevaihto, miljoonaa euroa • Net sales were EUR 0.0 (48.0) million. 1-12 2021 1-12 2022 10-12 2021 10-12 2022 164.5 • Operating profit was EUR -0.1 (-0.3) million. 48.0 • The divestment of the Grain Trade business was completed in stages 67.2 during the first half
Slide 14: Strong financial position
Strong financial position EUR million 31.12.2022 31.12.2021 Working capital, at the end of the season 18.7 50.5 Group’s net cash flow from operating activities 28.4 5.0 Group’s total equity 96.0 93.3 Group’s net debt -12.7 24.8 Group’s Equity ratio, % 81.8% 59.4% Group’s Gearing, % -13.2% 26.6% Grou
Slide 15: Profit guidance for 2023
Profit guidance for 2023 APETIT PLC | Financial Statements Review 2022 16.2.2023 15
Slide 16: Profit guidance for 2023
Profit guidance for 2023 • The full-year operating profit from continuing operations is expected to improve year-on-year (EUR 3.5 million in 2022). APETIT PLC | Financial Statements Review 2022 16.2.2023 16
Slide 17: Dividend proposal
Dividend proposal APETIT PLC | Financial Statements Review 2022 16.2.2023 17
Slide 18: Dividend proposal for 2022
Dividend proposal for 2022 • Dividend policy • The Board of Directors of Apetit Plc aims to ensure that the company’s shares provide shareholders with a good return on investment and retain their value. • The company aims to distribute 40-60 per cent of the profit for the financial year in dividends
Slide 19: Operating environment
Operating environment APETIT PLC | Financial Statements Review 2022 16.2.2023 19
Slide 20: Operating environment
Operating environment • Impacts of the COVID-19 pandemic on Apetit’s businesses • Thanks to its proactive and systematic approach, Apetit has been able to secure operational capability during the pandemic. During 2022, the restrictions were gradually waived. • In 2022, the shares of net sales repres
Slide 21: To the new strategic period
To the new strategic period APETIT PLC | Financial Statements Review 2022 16.2.2023 21
Slide 22: Strategiaa ohjaavat ilmiöt toimintaympäristössä
Strategiaa ohjaavat ilmiöt toimintaympäristössä Emphasis on Growth of the Seasonal The demand for Making daily life climate- frozen foods variations in plant-based food easier responsible market yeild products actions Transparency of Development of Well-being as a Diverse the food value Domesticity
Slide 23: Apetit: mission, visio, strategy and values
Apetit: mission, visio, strategy and values Missio: Visio: Good food for everyone. Locally Growing and profitable market leader in plant-based products Strategy: Values: Stronger together Bold renewal Diverse plant-based food products Success through cooperation More domestic plant proteins Responsi
Slide 24: Financial objectives for 2025
Financial objectives for 2025 EBIT > EUR 9.0 million 2022: EUR 3.5 million ROCE > 8.0% 2022: 5.7% Dividend policy The Board of Directors of Apetit Plc aims to ensure that the company’s shares provide shareholders with a good return on investment and retain their value. The company aims to distribute
Slide 25: kiitos.
kiitos.