Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Q1 2022 Earnings Presentation

21 slides from Fiskars Oyj Abp's earnings presentation, Apr 28, 2022

  1. Slide 1: Interim report Q1 2022

    Interim report Q1 2022 STRONG START TO THE YEAR WITH SOLID JANUARY– MARCH 20 22 MOMENTUM IN OUR MAIN MARKETS

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward-looking statements are reasonable, no as

  3. Slide 3: Highlights of the quarter

    Highlights of the quarter E I GH TH PR OFI TABI L I TY AL L FOU R FY OU TL OOK CONS E CU TI VE I M PR OVE M E NT TR ANS FOR M ATI ON U NCH ANGE D: QU AR TE R OF NE T DR I VE N BY H I GH E R L E VE R S COM PAR ABL E E BI T S AL E S GR OW TH VOL U M E S DE L I VE R I NG TO I NCR E AS E R E S U L TS FR

  4. Slide 4: Fiskars Group Comparable Net Sales in Q1 2022

    Fiskars Group Comparable Net Sales in Q1 2022 NET SALES, EUR MILLION NET SALES BRIDGE, EUR MILLION +10.1% +13.5%* +10.1% +13.5% 353 +28.3 +0.8 -0.2 332.6 333 313 307 302 292 280 267 256 +10.7 302.2 -18.0 +8.8 293.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 2021 Divest- FX rate Q1 2021 BA Vita BA Terra BA Crea O

  5. Slide 5: Fiskars Group Comparable EBIT in Q1 2022

    Fiskars Group Comparable EBIT in Q1 2022 COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) COMPARABLE EBIT BRIDGE, EUR MILLION EURm % +5.2 60 20 +1.0 51.8 +4.3 0.0 51.8 18 50 46.6 16 41.4 14 40 46.6 +0.1 35.7 36.0 34.1 12 32.2 30 10 21.9 8 20 15.4 6 4 10 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 2021 BA V

  6. Slide 6: The Growth Strategy – clear strategic focus and transformation levers

    The Growth Strategy – clear strategic focus and transformation levers WE FOCUS ON WINNING: LOGIC Brands Channels Countries Commercial excellence Direct to consumer TRANSFORMATION LEVERS U.S. China INNOVATION ENABLERS PEOPLE DIGITAL & DESIGN SUSTAINABILITY 6 29 APRIL 2022 Ⓒ FISKARS GROUP

  7. Slide 7: Progress in transformation levers

    Progress in transformation levers • Power of brands: ability to mitigate the negative impacts of cost inflation in Commercial 2022 excellence • Improved gross margin in Q1 Direct to • Direct channel growth 14% in Q1; DTC 16% of Q1 net sales consumer • E-commerce growth 7%; retail growth 17% • Strong

  8. Slide 8: Significant events in Q1

    Significant events in Q1 • Changes in our Fiskars Group leadership: Charlene Patten Zappa appointed EVP, BA Terra, and Anna Mindelöf Chief People Officer. • Merging of the Consumer Experience and Communications function into the Business Areas and other functions. • Completion of the divestment of o

  9. Slide 9: Full Year Outlook unchanged

    Full Year Outlook unchanged: In 2022, Fiskars expects the comparable EBIT to increase from 2021 (2021: EUR 154.2 million). Although the business environment is getting more unpredictable and volatile, and not all impacts on our business can be foreseen, we continue to execute our growth strategy wit

  10. Slide 10: Progress in sustainability

    Progress in sustainability GREENHOUSE GAS EMISSIONS SEVERAL SUSTAINABILITY REDUCTIONS RECOGNITIONS In Q1 2022, Scope 1 and 2 greenhouse Fiskars Group listed on CDP’s 2021 gas emissions decreased by 5% vs. 2021 Supplier Engagement Leaderboard. and by 43% vs. the 2017 base year. Fiskars Group achieved

  11. Slide 11: Q1 2022

    Q1 2022 11 29 APRIL 2022 Ⓒ FISKARS GROUP

  12. Slide 12: Financial Targets Tracking

    Financial Targets Tracking WE ARE ON TRACK WITH THE FINANCIAL TARGETS FY FY LTM KPI TARGET 2020 2021 MARCH NET SALES Organic, FX neutral Mid-Single-Digit growth z 3.4% 14.2% 10.6% EBIT Mid-teen EBIT margin (excl. IAC) by end of 2025 9.8% 12.3% z 12.4% CASH FLOW Free Cash Flow / Net Profit ≥ 80% 255%

  13. Slide 13: Consolidated Q1 income statement

    Consolidated Q1 income statement KEY TAKEAWAYS EURm Q1 2022 Q1 2021 Q1 2020 Gross margin up 190bps vs. 2021 • Structural changes 150bps of the improvement vs. 2021 Net sales 332.6 302.1 256.2 • Q1 input cost inflation impact on cost of goods was double Comparable gross profit 151.6 132.0 106.1 digit

  14. Slide 14: Vita in Q1 2022

    Vita in Q1 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EURm EURm % +11.6% 200 +9.7%* 40 20 187 171 31.9 15 30 24.9 24.5 150 10 134 20 121 5 111 116 108 12.4 12.2 10.6 10.7 100 94 10 0 81 -5 0 50 -10 -10 -6.1 -15 -12.4 0 -20 -20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4

  15. Slide 15: Terra in Q1 2022

    Terra in Q1 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EURm +10.2% EURm % +19.6%* 180 173 40 25 11 35.5 160 154 157 149 31.2 20 140 27 30 129 26.1 120 118 15 21 113 111 20 18.8 100 98 17.4 10 80 162 12.4 10 130 6.8 6.2 60 5 108 40 0 0 20 -3.3 0 -10 -5 Q1 Q2 Q3 Q4 Q

  16. Slide 16: Crea in Q1 2022

    Crea in Q1 2022 NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EURm EURm % +6.0% +2.2%* 50 15 35 47 13.9 45 46 45 44 41 42 30 40 38 11.6 11.3 11.4 36 35 25 32 10 30 8.3 8.1 8.1 20 25 5.7 15 20 5.2 5 15 10 10 5 5 0 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 20

  17. Slide 17: Net sales by geography in Q1 2022

    Net sales by geography in Q1 2022 EURm Q1 2022 Q1 2021 CHANGE CHANGE* Europe 155.0 143.9 7.8% 8.2% Unallocated Americas 124.6 119.0 4.7% 13.7% Asia-Pacific Asia-Pacific 51.2 40.9 25.1% 22.8% 0.5% 15.4% Unallocated** 1.8 -1.6 *Excluding the impact of exchange rates, acquisitions and divestments **Geo

  18. Slide 18: Q1 Cash Flow

    Q1 Cash Flow SEASONALLY LOW FREE CASH FLOW FURTHER DOWN DUE TO TIMING OF THE TRADE WORKING CAPITAL. LIQUIDITY REMAINED HEALTHY. DISTRIBUTABLE CASH FLOW (EURm) CHANGE IN LIQUIDITY (EURm) Q1 2022 Q1 2021 Q1 2020 Q1 2022 Q1 2021 Q1 2020 EBITDA 56.5 61.0 24.0 Cash Balance period opening 31.5 62.5 9.4 No

  19. Slide 19: Q1 Balance Sheet

    Q1 Balance Sheet WHILST WE INVESTED IN INVENTORIES TO ENSURE AVAILABILITY, WE CONTINUED IMPROVING ROCE. CAPITAL EMPLOYED (EURm) FUNDING (EURm) 31.3.22 31.3.21 31.3.20 31.3.22 31.3.21 31.3.20 GW and other intangible 489.9 485.9 506.9 Equity 787.4 729.0 745.5 PPE and biological assets 190.3 193.4 200.

  20. Slide 20: Pioneering design to make the everyday extraordinary

    O UR P URP O SE Pioneering design to make the everyday extraordinary THE GLOBAL HOME OF DESIGN-DRIVEN BRANDS FOR INDOOR AND OUTDOOR LIVING 20 29 APRIL 2022 Ⓒ FISKARS GROUP

  21. Slide 21: Thank you!

    Thank you!

Fiskars Oyj Abp — Q1 2022 Earnings Presentation on 6ix