Slide 1: Net sales increased by 29% in January-March, positive shift in profitability
THE GROUP’S NET SALES INCREASED BY 29% IN JANUARY-MARCH, POSITIVE SHIFT IN PROFITABILITY Fodelia Oyj Business Review 26 April 2023 CEO Mikko Tahkola and CFO Kati Kokkonen
Slide 2: Agenda
1 Financial development and highlights in January-March 2 Business development Strategy, future and events after review 3 period
Slide 3: Financial development and highlights in January-March
1/3 Financial development and highlights in January- March
Slide 4: Fodelia's businesses
Fodelia’s businesses • Concentrates on retail customers and (50 %) • Offers ready-to-eat meals meal • Marjavasu (Delimax) consumer business services produces juices and purees • Factories in Pyhäntä, Salo and • Feelia operates in growing Jokioinen • Juice factory in Kuopio Foodservice market • In ad
Slide 5: Net sales increased by 29% in January-March, and profitability improved
THE GROUP’S NET SALES INCREASED BY 29% IN JANUARY-MARCH, AND PROFITABILITY IMPROVED Summary for January–March 2023 • Net sales for the period under review increased by 28.8% and amounted to EUR 11,732 thousand (1–3/2022: EUR 9,112 thousand) • EBITDA for the period was EUR 922 thousand (511 thousand)
Slide 6: Fodelia Group's first half of the year has got off to a promising start
Fodelia Group's first half of the year has got off to a promising start, Net sales have continued to grow well • Profitability has seen a positive turnaround • In Q1, net sales grew by 29% compared to the corresponding period in the previous year • Development has been especially strong in Feelia's
Slide 7: Group's net sales development 2023
Group’s net sales development 2023 Q1 net sales Q1 net sales by unit 14 000 7 000 12 000 6 000 10 000 5 000 8 000 4 000 6 000 3 000 4 000 2 000 1 000 2 000 0 0 Feelia Fodelia Retail Other units Eliminations 1–3/23 1–3/22* -1 000 -2 000 -2 000 Feelia Fodelia Retail Other units Eliminations 1–3/23 1–3
Slide 8: Group's EBITA development in January-March 2023
Group’s EBITA development in January-March 2023 Q1 EBITA 800 700 EBITA development by unit 600 600 500 500 400 400 300 200 300 100 200 0 100 -100 -200 0 1–3/23 1–3/22* Feelia Fodelia Retail Other units Eliminations -100 Eliminations -24 6 Other units 145 -127 -200 Fodelia Retail -68 -18 1–3/23 1–3/2
Slide 9: Feelia's net sales and EBIT development quarterly
Feelia’s net sales and EBIT development quarterly Feelia’s net sales development quarterly Feelia’s EBIT development quarterly 7 000 000 700 000 6 000 000 600 000 5 000 000 500 000 4 000 000 400 000 3 000 000 300 000 2 000 000 200 000 1 000 000 100 000 0 0 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1
Slide 10: Key figures
Key figures Group 1–3/23 1–3/22 Change % 1–12/22 Net sales in thousands of euros 11,732 9,112 28.8 41,621 EBITDA in thousands of euros 922 511 80.5 2,870 % of net sales 7.9 5.6 6.9 EBITA in thousands of euros 573 185 210.0 1,468 % of net sales 4.9 2.0 3.5 EBIT in thousands of euros 463 105 340.2 1,1
Slide 11: Priorities in 2023
Priorities in 2023 Improving the profitability Increasing the of Fodelia Retail and amount of establishment of the knowledge-based organization management Ensuring Feelia’s growth Recognizing and utilizing new growth possibilities and increasing Feelia’s especially in public food profitability secto
Slide 12: Business development
2/3 Business development @ Fodelia
Slide 13: The development of business segments belonging to Fodelia Retail is at different stages
The development of business segments belonging to Fodelia Retail is at different stages • Fodelia Retail's net sales increased by 9.7% in January-March • The merger process between Real Snacks Oy, FodNet Oy, Perniön Liha Oy and Pita Factory Oy was finalised on 28 February 2023 • The merger process a
Slide 14: Fodelia Retail has continued its determined development of operations
Fodelia Retail has continued its determined development of operations • The growth in Feelia Ruokakauppa’s • Real Snacks' business has • The deployment project of the online grocery store sales has developed well Group's joint ERP system has been completed at the Perniön recently levelled off • Real
Slide 15: Feelia's business is at a good level, and net sales grew by 22.4%
Feelia's business is at a good level, and net sales grew by 22.4% in January-March • Feelia’s rofitability also improved • Feelia’s EBIT was EUR 519 thousand (324 thousand) In January–March, or 8.2% of net sales (6.2%) • The change is particularly significant compared to previous quarters, when oper
Slide 16: The positive development of Feelia's business is expected to continue
The positive development of Feelia's business is expected to continue • Feelia's plant in Pyhäntä has invested heavily in measures to improve production efficiency • the positive impacts of this long-term work are now visible • Thanks to advanced processes and investments, the plant is able to respo
Slide 17: Other units Fodbar and Marjavasu
Other units Fodbar and Marjavasu • The business development of Marjavasu, which joined Fodelia Group in August 2022, has been very good in Q1 • The company's profitability is at a very good level, and its net sales have increased • Business is proceeding according to plan • In 2023, the intention is
Slide 18: Strategy, future and events after review period
3/3 Strategy, future and events after review period
Slide 19: Fodelia's Strategy
Fodelia’s Strategy LN ‘ Ls Supporting the growth of our subsidiaries’ business by giving them possibilities to invest and by offering competence and best practices to use ‘The most wanted and the most successful innovator of food industry N 1 ‘Owning viable \ companies in 1 the food industry and dev
Slide 20: Long-term targets and outlook for 2023
Long-term targets and outlook for 2023 Long-term targets Dividend policy • The Group’s net sales in 2026 are over EUR 100 million Fodelia strives to distribute at least 35% of its • The Group’s operating margin is approximately 8-10% earnings as dividends to shareholders. • The group’s return on inv
Slide 21: Fodelia's Annual General Meeting 2023
Fodelia’s Annual General Meeting 2023 • Fodelia’s annual general meeting was held 5 April 2023 in Helsinki • The annual general meeting adopted the financial statements and resolved to discharge from liability for CEO and Board of directors • The annual general meeting decided to pay dividend of 0,0
Slide 22: Thank you!
Thank you! mikko.tahkola@fodelia.fi