Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — Q1 2015 Earnings Presentation
19 slides from Apetit Oyj's earnings presentation, May 5, 2015
Slide 1: Apetit Plc Interim Report Q1/2015
Apetit Plc Interim Report Q1/2015 Briefing for Analysts and Media 5 May 2015 at 10:00 a.m. Juha Vanhainen, CEO Eero Kinnunen, CFO APETIT PLC 1
Slide 2: Juha Vanhainen, CEO
Main simultaneous positions of trust • Member of the Board of Directors: Finnish Food and Drink Industries’ Juha Vanhainen Federation b. 1961, M.Sc. (Tech.) • Chairman of the Board of Directors and Member of the HR and CEO since 16 March 2015 Remuneration Committee, Ekokem Oyj Employment history • S
Slide 3: CEO's Review Q1/2015
CEO’s Review Q1/2015 APETIT PLC
Slide 4: Wellness from untainted farmland and waters
Wellness from untainted farmland and waters Food Business Grains and Oilseeds Business • Frozen vegetables and frozen ready meals • Trading of grains, Fresh fish and fish oilseeds and products feedstuffs • Pre-prepared fresh fruit • Vegetable oils and vegetable products • Feedstuffs Products are sol
Slide 5: Profitability was unsatisfactory
Apetit Profitability was unsatisfactory Q1/2015 Measures to improve profitability are underway • The profitability programmes progressed as planned. The production structure in fish products group was simplified and the work continues. • Investment to develop the grain export facilities in Inkoo dee
Slide 6: Net sales and customer relationships
Apetit Net sales and Apetit Group Q1/2015 Net sales ja kannattavuus customer relationships Food Business Grains and Oilseeds Business • Sales in the fish products group were up in all countries • Net sales and delivery tonnage increased on the of operation (Finland, Norway and Sweden). previous year
Slide 7: The sales of Apetit Kotimainen Domestic product range grew
Apetit The sales of Apetit Kotimainen Q1/2015 Domestic product range grew • Sales of the Apetit Kotimainen domestic product range in the frozen foods group grew by 4 per Apetit Kotimainen domestic frozen cent on the same period the previous year. product range sales development • The frozen food mar
Slide 8: Operating profit
Apetit Operating profit Q1/2015 Excluding non-recurring items Food Business operating profit Food Business EUR -2.4 (-1.5) million Excluding non-recurring items, EUR million, comparison 2015/2014 • Significant costs due to marketing and packaging redesign took place in the first quarter. Cumul. Q1 Q
Slide 9: Profitability programmes progressed as planned
Apetit Profitability programmes Pitkän aikavälin kannattavuusohjelmat Q1/2015 progressed as planned Ruokaliiketoiminnassa Profitability programmes • The Food Business long-term profitability programmes are the most important projects in Apetit Group in Fish products group, Finland 2014-2015. • The a
Slide 10: Investment in Inkoo grain port underway
Apetit Investment in Inkoo grain port Q1/2015 underway • Avena Nordic Grain Oy, invests EUR 1.8 million in the development of grain reception, storage and export facilities at the Inkoo deepwater port. • Three bulk dry stores with a combined total area of 6,120 m2. • Makes grain loading possible int
Slide 11: Expansion of vegetable oil packaging plant
Apetit Expansion of vegetable oil Q1/2015 packaging plant • Avena Nordic Grain invests EUR 1.3 million in the expansion of Mildola’s vegetable oil packaging plant in Kirkkonummi. • The expansion will allow further growth in the sales of packaged vegetable oil products and will enable the range of th
Slide 12: Outlook for 2015
Apetit Outlook for 2015 Q1/2015 Outlook was updated on 18 March 2015 The Group’s full-year operating profit excluding non-recurring items is expected to fall short of the previous year’s level. Owing to the extremely challenging situation in the sugar market, the associated company Sucros, which is
Slide 13: Financials Q1/2015
Financials Q1/2015 APETIT PLC 5 May 2015
Slide 14: Group's net sales and operating profit excluding non-recurring items
Apetit Group’s net sales and operating profit excluding non- recurring items Net sales Operating profit excluding non-recurring items Apetit Group, comparison 2015/2014 Apetit Group comparison 2015/2014 8.0 7.3 384.7 400.0 6.0 5.3 300.0 4.0 EUR million EUR million 2.0 1.6 200.0 0.7 120.8 0.0 91.5 98
Slide 15: Key Figures 1-3/2015
Key Figures 1-3/2015 EUR million Q1/2015 Q1/2014 Muutos 2014 Net sales 91.5 88.9 +3% 384.7 Operating profit excluding non- -2.3 -0.2 7.3 recurring items Operating profit -2.3 -0.7 -5.9 Profit before taxes -2.3 -1.0 -8.1 Profit for the period -2.3 -1.2 -8.7 Profit for the period, excluding -2.3 -0.8
Slide 16: Operating profit development by segment Q1/2015
Apetit Operating profit development Q1/2015 by segment Change Q1/2014 – Q1/2015 -0.2 -1.0 Ruoka Vilja- ja -2.3 öljy- kasvi -0.7 Muut -0.4 Food Grains and Other Q1 2014 Ruoka Vilja- ja öljykasvi Oilseeds Business Muut Operations Q1 2015 Business Food Business Grains and Oilseeds Business Other Operat
Slide 17: Summary
BREE SEER" a H aaa Wie A Wis Rone Tae: i hia Summary
Slide 18: Apetit's priorities for this year
Apetit’s priorities for this year Profitability in the Food Business is unsatisfactory and measures to improve profitability are underway. We are investing in Grains and Oilseed Business to develop and grow it’s business. The new CEO’s era starts with a comprehensive analysis of the company. The con
Slide 19: Thank you for your interest!
Thank you for your interest! Contact Follow us Group CEO Apetit Juha Vanhainen Apetit Plc Tel. +358 10 402 00 Apetit Luonnollisesti Hyvää ja Apetit Oyj Firstname.lastname@apetit.fi www.apetit.fi www.apetitgroup.fi Apetit Oyj APETIT PLC INTERIM REPORT Q1/2015 5 May 2015 19