Suominen Oyj · OMXHEX:SUY1V
Suominen Oyj — FY2002 Earnings Presentation
18 slides from Suominen Oyj's earnings presentation, Feb 5, 2003
Slide 1: Suominen Corporation Financial Statements 2002
SUOMINEN CORPORATION FINANCIAL STATEMENTS JANUARY 1 - DECEMBER 31, 2002 PRESENTATION FEBRUARY 5, 2003
Slide 2: Breakdown of Net Sales 1 - 12/2002
Breakdown of Net Sales 1 - 12/2002 Flexible Packaging Webbing Products EUR 72.1 million EUR 13.2 million 41.3 % 7.5 % EUR 174.8 million Nonwovens EUR 89.4 million 51.2 %
Slide 3: P & L in Brief
P & L in Brief January 1 - December 31 EUR million 2002 2001 Change % Pro forma Net sales 174.8 174.1 +0.4 Operating Profit 17.4 12.2 +43.1 Profit before extraordinary items 15.1 9.3 +62.4 Taxes -4.2 -2.8 Profit for the period 10.8 6.5 +67.2 Earnings per share, EUR 0.68 0.41 +65.9 Dividend per share
Slide 4: Key Figures
Key Figures 12/2002 12/2001 Pro forma Earnings/share, EUR 0.68 0.41 Equity/share, EUR 4.07 3.86 Cash flow from operations/share, EUR 1.38 1.66 Return on equity, % (ROE) 17.9 10.9 Return on invested capital, % (ROI) 15.6 10.3 Equity ratio, % 47.0 43.5 Gearing, % 66.5 81.5 Gross investments, EUR milli
Slide 5: Suominen Corporation Net Sales I/2001 - IV/2002
Suominen Corporation Net Sales I/2001 -IV/2002 EUR 1 000 60 000 50 000 45 836 45 001 43 872 43 660 43 086 42 944 43 084 41 442 40 000 30 000 20 000 10 000 0 I/2001 II III IV I/2002 II III IV I - III/2001 pro forma
Slide 6: Suominen Corporation Operating Profit I/2001 - IV/2002
Suominen Corporation Operating Profit I/2001 -IV/2002 EUR 1 000 % 6 000 14 5 000 12 4 000 10 8 3 000 5 129 6 4 291 4 352 2 000 3 920 3 320 3 624 4 2 510 2 408 1 000 2 0 0 I/2001 II III IV I/2002 II III IV I - III/2001 pro forma - w/o extra costs
Slide 7: Net Sales by Business Area
Net Sales by Business Area January 1 - December 31 EUR 1 000 2002 2001 Change % Pro forma Nonwovens 89 416 85 264 +4.9 Flexible Packaging 72 118 72 370 -0.3 Webbing Products 13 158 16 328 -19.4 Group & Internal 118 153 Total 174 810 174 115 +0.4
Slide 8: Earnings by Business Area
Earnings by Business Area January 1 - December 31 EUR 1 000 2002 2001 Change Pro forma % Nonwovens 13 022 7 811 +66.7 Flexible Packaging 5 616 5 682 -1.2 Webbing Products -683 -986 Group & Internal -559 -349 Operating profit 17 396 12 158 +43.1 Financial income and expenses -2 335 -2 886 -19.1 Profi
Slide 9: Nonwovens
Nonwovens January 1 - December 31 EUR million 2002 2001 Change % Pro forma Net sales 89.4 85.3 +4.9 Operating Profit 13.0 7.8 +66.7 • Higher sales volumes and improved cost effectiveness improved the profitability in Nonwovens. • Growth continued strong in wiping product materials. • Sales of hygien
Slide 10: Nonwovens Net Sales I/2001 - IV/2002
Nonwovens Net Sales I/2001 -IV/2002 EUR 1 000 30 000 25 000 23 356 23 609 21 972 21 930 21 991 21 101 20 460 20 261 20 000 15 000 10 000 5 000 0 I/2001 II III IV I/2002 II III IV
Slide 11: Nonwovens Operating Profit I/2001 - IV/2002
Nonwovens Operating Profit I/2001 -IV/2002 % EUR1 000 4 000 20 3 500 18 16 3 000 14 2 500 12 2 000 10 3 476 3 676 3 204 8 1 500 2 817 2 666 6 1 000 1 848 1 623 1 523 4 500 2 0 0 I/2001 II III IV I/2002 II III IV - w/o extra costs
Slide 12: Flexible Packaging
Flexible Packaging January 1 - December 31 EUR million 2002 2001 Change % Pro forma Net sales 72.1 72.4 -0.3 Operating Profit 5.6 5.7 -1.2 • Net sales and operating profit on previous year’s level. • Sales of packaging for hygiene products and food products increased. • Strong increase of sales in R
Slide 13: Flexible Packaging Net Sales I/2001 - IV/2002
Flexible Packaging Net Sales I/2001 -IV/2002 EUR 1 000 25 000 20 000 18 214 18 243 18 468 18 285 18 867 17 445 17 614 17 352 15 000 10 000 5 000 0 I/2001 II III IV I/2002 II III IV
Slide 14: Flexible Packaging Operating Profit I/2001 - IV/2002
Flexible Packaging Operating Profit I/2001 -IV/2002 EUR 1 000 % 3 000 12 2 500 10 2 000 8 1 500 6 1 000 1 836 4 1 710 1 735 1 505 1 370 1 310 1 157 500 2 675 0 0 I/2001 II III IV I/2002 II III IV
Slide 15: Webbing Products
Webbing Products January 1 - December 31 EUR million 2002 2001 Change % Pro forma Net sales 13.2 16.3 -19.4 Operating Profit -0.7 -1.0 • Sales of materials handling products fell because of soft demand for these products and streamlining of product range. • Sales of narrow fabrics were stable. • Cos
Slide 16: Webbing Products Net Sales I/2001 - IV/2002
Webbing Products Net Sales I/2001 -IV/2002 EUR 1 000 10 000 9 000 8 000 7 000 6 000 4 774 4 546 5 000 4 000 3 541 3 467 3 338 3 570 3 327 2 923 3 000 2 000 1 000 0 I/2001 II III IV I/2002 II III IV
Slide 17: Webbing Products Operating Profit I/2001 - IV/2002
Webbing Products Operating Profit I/2001 -IV/2002 EUR 1 000 % 600 25 20 350 15 10 100 5 0 -33 II III IV I/2002 II III IV -150 -83 -5 I/2001 -117 -126 -205 -175 -10 -299 -400 -15 -20 -650 -25 -631 - w/o extra costs
Slide 18: Outlook
Outlook • Risk of consumer consumption to suffer from the Irak situation and of slow economic growth. • Sales agreements in Nonwovens with core customers indicate sales and profitability to be on 2002 level. Due to the timing of deliveries, sales and result in Q1 are expected to be lower than year e