Suominen Oyj · OMXHEX:SUY1V

Suominen Oyj — Q2 2023 Earnings Presentation

16 slides from Suominen Oyj's earnings presentation, Aug 9, 2023

  1. Slide 1: Half-Year Financial Report 2023 presentation

    O0000 See eee ee OC I gg a aN GI NTT a a BOO Aen -YEAR FINA Tommi Bjornman, President and CEO ee Janne Silonsaari, CFO = ———— _— August 9, 2023

  2. Slide 2: Agenda

    Agenda Q2 and H1/2023 in brief Financial review Progress in strategy Outlook 2023 Q&A ‘August 9, 2023

  3. Slide 3: Q2 and H1/2023 in brief

    Q2/2023 • Net sales were EUR 112.7 million (118.0) • Comparable EBITDA was EUR 2.7 million (1.9) • Cash flow from operations totaled to EUR 6.4 million (11.9) H1/2023 • Net sales were EUR 229.5 million (228.3) • Comparable EBITDA was EUR 5.3 million (5.2) • Cash flow from operations totaled to EUR 9

  4. Slide 4: Financial review

    FINANCIAL REVI

  5. Slide 5: Net sales development in Q2/2023

    • Sales volumes were slightly higher in Q2/2023 than comparison period but sales prices decreased following the lower raw material prices • The impact of currencies was EUR -1.6 million in Q2/2023 •

  6. Slide 6: Comparable EBITDA in Q2/23

    • Comparable EBITDA was EUR 2.7 million in Q2/23. The increase was driven mainly due to better sales margins and lower SG&A costs • Currencies impacted EBITDA positively by EUR 0.2 million in the quarter

  7. Slide 7: Consolidated statement of profit or loss

    Consolidated statement of profit or loss Net sales 112,673 Cost of goods sold 109,605 Gross profit 3,068 Other operating income 637 Sales, marketing and administration expenses -6,902 Research and development expenses -1,105 -2,421 Operating profit 6,722 Net financial ex, 1,293 Profit before income

  8. Slide 8: Cash flow from operations

    • Cash flow from operations was EUR 6.4 million in Q2/23 • The increase in cash flow in H1/23 was mainly due to positive change in net working capital as we were able to release cash from inventories and receivables

  9. Slide 9: Progress in strategy

    PROGR! EOS IN STRAT] EGY

  10. Slide 10: Mission, Vision and Strategy

    Mission Vision Enabling our customers to win Frontrunner for nonwovens by creating quality nonwovens innovation and sustainability Strategy: Growth and profitability through sustainability, customer focus and efficiency We will grow by creating innovative and more sustainable nonwovens for our custo

  11. Slide 11: Progress in strategy

    Progress in strategy Investment project in Nakkila, Finland To strengthen our capabilities in sustainable products by enhancing and upgrading one of our production lines Proceeding as planned Project will be completed in H2/2023 Improving our financial performance Continuing to identify and implemen

  12. Slide 12: Outlook

    OUTLOOK

  13. Slide 13: Outlook 2023 for comparable EBITDA

    Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2023 will increase from 2022. In 2022, Suominen’s comparable EBITDA was EUR 15.3 million.

  14. Slide 14: Q&A

    Q&A

  15. Slide 15: Q3/2023 result publication on October 27, 2023

    Q3/2023 result publication on October 27, 2023

  16. Slide 16: Suominen - Pure Nordic Quality

    Sa Suominen PURE NORDIC QUALITY

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