Anora Group Oyj · OMXHEX:ANORA
Anora Group Oyj — Investor Presentation (September 2021)
34 slides from Anora Group Oyj's investor presentation, September 2021
Slide 1: Investor presentation
Market leader | Growth ambition | Forerunner Investor presentation September 2021
Slide 2: Contents
Contents 03 Introduction 07 The leading wine and spirits brand house in the Nordics 17 Anora’s industrial business 20 Our sustainability approach 24 Anora’s focus areas 28 Merger 30 Why invest in Anora Investor presentation | September 2021 | 2
Slide 3: The leading wine and spirits brand house in the Nordic region
Introduction The leading wine and spirits brand house in the Nordic region and an industry forerunner in sustainability Key figures 2020, aggregate Distillery Production Net sales, MEUR Comparable Employees EBITDA, MEUR Logistics Sales Head office 640 103 1100 The leading player in the Nordic region
Slide 4: Unique portfolio of own and partner brands
Introduction Unique portfolio of own and partner brands Key Anora brands Key partner brands Wine Spirits Investor presentation | September 2021 | 4
Slide 5: A well-balanced and stable business
Introduction A well-balanced and stable business Consumer beverage products account for 79% of Anora net sales Aggregate net sales by Aggregate net sales by Aggregate beverage net sales country, MEUR product category, MEUR by brand category, MEUR Other 3% Industrial Sweden Logistics 16 % 31 % 5% Ano
Slide 6: Forerunner in sustainability
Introduction Forerunner in sustainability Striving for Supporting Leading in Promoting carbon neutral a responsible eco-friendly an inclusive and production drinking culture packaging safe workplace • Production based on • Increasing number of • Aiming for 100% • Operating based on circular economy
Slide 7: The leading wine and spirits brand house in the Nordics
The leading wine and spirits brand house in the Nordics Investor presentation | September 2021 | 7
Slide 8: The Nordic wine and spirits market is large and non-cyclical
The leading wine and spirits brand house in the Nordics The Nordic wine and spirits market is large and non-cyclical Value of the Nordic wine Wine: Value development Spirits: Value development and spirits market1 and growth forecast1 and growth forecast1 CAGRe 2.5% 2.1% Spirits CAGRe 35 % 2.5% 1.1%
Slide 9: Leading positions across the Nordics & Baltics
The leading wine and spirits brand house in the Nordics Leading positions across the Nordics & Baltics Anora beverage sales Nordic overall Norway Finland channels1 market position Wine Spirits Wine Spirits #1 #1 Wine Spirits #1 #1 #1 #1 State retail monopolies • Finland, Sweden and Norway Sweden 83%
Slide 10: Bringing the best of the world's wine to the Nordics
The leading wine and spirits brand house in the Nordics Bringing the best of the world’s wine to the Nordics Our offering focuses on Nordic consumer preferences and key trends Flexibility to respond to consumer trends through a global partner network Net sales1 Sales channels Anora wine companies ac
Slide 11: Complete spirits portfolio with iconic local and international brands
The leading wine and spirits brand house in the Nordics Complete spirits portfolio with iconic local and international brands Strong product category width and depth Unflavoured Cognac & vodka & Aquavit other grape Gin Bitter Liqueur Whiskey Rum Tequila Other spirits spirits Key Anora brands Key par
Slide 12: Stronger capabilities to grow through Nordic innovations
The leading wine and spirits brand house in the Nordics Stronger capabilities to grow through Nordic innovations Innovative culture and eager to be in front of market • Best-in-class marketing teams balancing global brand building activities and local market needs across all Nordic countries • Stron
Slide 13: Accelerating digital drinks experiences
The leading wine and spirits brand house in the Nordics Accelerating digital drinks experiences Leading digital platforms in the Nordic wine and spirits industry • Extensive consumer reach through websites, social media and newsletters • For example, in Sweden Anora sites combined have on average 50
Slide 14: Sales excellence and local presence
The leading wine and spirits brand house in the Nordics Sales excellence and local presence The unique features of the Nordic market require a local touch • Unparalleled customer and consumer insight across all Nordic markets • Strong combined salesforce - access to and strong presence in all custom
Slide 15: Growth opportunities in travel retail and exports
The leading wine and spirits brand house in the Nordics Growth opportunities in travel retail and exports Attractive and versatile brand portfolio • Leading positions with own and partner brands, both wine and spirits, and access to all major Nordic travel retail operators - airports as well a cruis
Slide 16: Summary
The leading wine and spirits brand house in the Nordics Summary Superior Leading Market-leading Strongest route-to- digital Growth portfolio of own innovators in market and platforms in opportunities and partner the Nordics sales the Nordic in travel retail brands excellence wine and and exports spi
Slide 17: Anora's industrial business
Anora’s industrial business Investor presentation | September 2021 | 17
Slide 18: Industrial products and services
Anora’s industrial business Industrial products and services Anora Industrial Innovative Nordic provider of high-quality solutions and services to industrial partners • Comprises Koskenkorva plant operations, starch, feed component and technical ethanol businesses, as well as contract manufacturing
Slide 19: Logistics
Anora’s industrial business Logistics Vectura AS Leading wine and spirits logistics service provider in Norway • Modern logistics facility located at Gjelleråsen • Full service logistics provider for wine and spirits in the Norwegian market • Handles approx. 12,000 different products for 130 importe
Slide 20: Our sustainability approach
Our sustainability approach Investor presentation | September 2021 | 20
Slide 21: Forerunner in sustainability
Our sustainability approach Forerunner in sustainability Striving for Supporting Leading in Promoting carbon neutral a responsible eco-friendly an inclusive and production drinking culture packaging safe workplace • Production based on • Increasing number of • Aiming for 100% • Operating based on ci
Slide 22: Koskenkorva Distillery circular economy
Our sustainability approach Koskenkorva Distillery circular economy Ashes used as fertilizer We use 100% of the barley grain • 214 million kg of Finnish barley consumed annually • 99.5% recycling rate Feed Grain spirit • Over 65% fuel self-sufficiency 20-25% of barley 32-37% of barley in steam produ
Slide 23: Climate smart packaging
Our sustainability approach Climate smart packaging Leader in environmentally friendly packaging in the Nordics Bag-in-Box PET Light glass Tetras and pouches BIB over 80% lower CO2 footprint PET over 60% lower CO₂ footprint Over 20% lower CO₂ Over 80% lower CO₂ footprint footprint About 50% of wines
Slide 24: Focus areas
Focus areas Investor presentation | September 2021 | 24
Slide 25: Strengthened financial capacity for growth outside Nordics
Focus areas Strengthened financial capacity for growth outside Nordics Aggregated net sales and aggregated Aggregated net cash flow from comparable EBITDA1, EURm operating activities, EURm 105,6 635 634 640 640 639 82,2 • Highly stable and profitable business 103 58,9 • Low capex needs 76 81 85 47,5
Slide 26: Must-win battles and enablers to deliver on ambition
Focus areas Must-win battles and enablers to deliver on ambition Phase 1: Synergy capture & reignite growth Phase 2: Expansion through M&As 1 2 3 4 5 Drive efficiency and Reignite own business Grow partner business Unlock value in Step-change Must-win battles effectiveness, focusing portfolio buildi
Slide 27: Step-change in scale with efficiencies across the value chain
Focus areas Step-change in scale with efficiencies across the value chain Increase scale and control of own operations leads to reduced carbon footprint, more sustainable operations and less complexity resulting in improved efficiency and profitability Strong manufacturing Efficiency gains across th
Slide 28: Merger
Merger Investor presentation | September 2021 | 28
Slide 29: Strong value creation for shareholders from significant synergies
Merger Strong value creation for shareholders from significant synergies Synergy sources Sourcing and manufacturing Logistics and warehousing Cost SG&A Other OPEX Expansion in core Nordic markets Revenues Acceleration in non-core and new markets Potential run-rate EBITDA net synergies EUR ~8-10m Inv
Slide 30: Executive Management Team at Anora Group
Merger Executive Management Team at Anora Group Pekka Tennilä Janne Halttunen Kirsi Puntila Hannu Tuominen Previous position Previous position Previous position Previous position CEO, Altia SVP, Scandinavia, Altia SVP, Marketing, Altia SVP, Altia Industrial Henrik Bodekær Sigmund Toth Thomsen Previo
Slide 31: Why invest in Anora?
Why invest in Anora? Investor presentation | September 2021 | 31
Slide 32: Why invest in Anora: Market leader | Growth ambition | Forerunner
Key investment highlights Why invest in Anora: Market leader | Growth ambition | Forerunner 1. 2. Market leader 3. 4. Capacity to in the profitable Global industry Step-change grow in and and stable forerunner in scale drives outside the Nordic wine in sustainability productivity Nordics and spirits
Slide 33: Thank you
Thank Thankyou you Investor presentation | September 2021 | 33
Slide 34: More information: www.anora.com
More information: www.anora.com Investor Relations: tua.stenius-ornhjelm@anora.com Follow us: Investor presentation | September 2021 49 |