Iceland Seafood International Hf · OMXICE:ICESEA
Iceland Seafood International Hf — Iceland Seafood International — Q1 2020 Earnings Presentation
18 slides from Iceland Seafood International Hf's earnings presentation, 2020
Slide 1: Q1 2020 Results Presentation to Investors and Analysts
Q1 2020 Results Presentation to Investors and Analysts
Slide 2: We are Iceland Seafood
Q1 2020 Results Presentation to Investors and Analysts We are Iceland Seafood
Slide 3: Iceland Seafood International is proud of its strong heritage and history
Iceland Seafood International is proud of Q1 2020 Results Presentation to Investors its strong heritage and history and and Analysts continues to build on that foundation, to become a respected industry leader The Union of Icelandic The Herring Board Samband of Iceland Armengol Merger: SÍF and SÍF P
Slide 4: Iceland Seafood in numbers
Iceland Seafood in numbers Q1 2020 Results Presentation to Investors and Analysts +448m € Annual revenues in 2019 11,3m Normalised PBT 2019, 38.3% Equity ratio 38.3% at year end 2019 up from €10.8 proforma in 2018 up from 30.6% in 2018 Global value added Seafood producer and sales and marketing 12 B
Slide 5: UK merger project on track despite external challenges
UK merger project on track despite external Q1 2020 Results Presentation to Investors callenges and Analysts Investment in new Merger project on Commercial production and track despite discussions with key coldstore facility for challenges due to UK retail customers on merged UK Operation Covid19 tr
Slide 6: Benefits of strong merged entity in S-Europe evident in the current situation
Benefits of strong merged entity in S-Europe Q1 2020 Results Presentation to Investors evident in the current situation and Analysts IS Iberica production of Acquisition of Elba Significant increase in light salted cod in a finalised in Q1 2020 production of Achernar single location from • Closing o
Slide 7: Negative short term impact of COVID-19, mid-long term impact uncertain
Negative short term impact of COVID-19 Q1 2020 Results Presentation to Investors Mid-long term impact uncertain and Analysts Create interesting growth opportunities Results in Q1 were marked by the The financial and operational outbreak of Covid19 and actions taken strength of Iceland Seafood has to
Slide 8: Financial performance
Q1 2020 Results Presentation to Investors and Analysts Q1 2020 Results Financial performance
Slide 9: Unique combination of sourcing expertise and well positioned value added activities
Unique combination of sourcing expertise 1Q 2020 Results Presentation to Investors and well positioned value added activities and Analysts Iceland Seafood International Turnover Profit before tax Executive management Value Added Value Added 2013 2013 Sales & Distribution N-Europe S-Europe 29% 26% IS
Slide 10: Strong squid season in Argentina helps mitigating Covid19 impacts
Strong squid season in Argentina > VA S-Europe > VA N-Europe Q1 2020 Results Presentation to Investors helps mitigating Covid19 impacts > Sales & Distribution and Analysts € m’s Q1 2020 Q1 2019 Sales down 14%, Normalised PBT down impacted by Covid19 €0.6m on Q1 2019 Sales 43.0 50.1 • Good demand in
Slide 11: Good sales growth into UK and Irish retail
Good sales growth into UK > VA S-Europe > VA N-Europe Q1 2020 Results Presentation to Investors and Irish retail > Sales & Distribution and Analysts € m’s Q1 2020 Q1 2019 10% sales growth Slight reduction in from prior year Normalised PBT Sales 27.7 25.1 Net margin 3.0 3.0 • 28% sales growth into re
Slide 12: Sales impacted by bad weather in Iceland and Covid19 outbreak
Sales impacted by bad weather in > VA S-Europe > VA N-Europe Q1 2020 Results Presentation to Investors Iceland and Covid19 outbreak > Sales & Distribution and Analysts € m’s Q1 2020 Q1 2019 Sales in Q1 €16.2m Normalised PBT Sales 39.9 56.1 down on same period down €0.3m from last year 2019 Net margi
Slide 13: Results impacted by Covid19, shortfall in sales to foodservice partly offset by strong retail sales
Results impacted by Covid19, Iceland Seafood Group Q1 2020 Results Presentation to Investors shortfall in sales to foodservice and Analysts partly ofset by strong retail sales € m’s Q1 2020 Q1 2019 11% reduction in Normalised PBT down Sales 107.3 120.9 Group sales from €0.9m on prior year 2019 Net m
Slide 14: €29m increase in total assets, driven by investments and seasonal purchases
€29m increase in total assets, driven by Q1 2020 Results Presentation to Investors investments and seasonal purchases and Analysts € m’s 31.3.2020 31.12.2019 Variance € m’s 31.3.2020 31.12.2019 Variance Fixed assets 22.5 17.6 4.9 Total Equity 81.6 80.2 1.4 Leased assets 2.6 2.7 (0.1) Thereof minorit
Slide 15: Outlook
Q1 2020 Results Presentation to Investors and Analysts Q1 2020 Results Outlook
Slide 16: Outlook range of Normalised PBT €6.0-9.0m. Uncertainty remains significant on Covid19 impact
Outlook range of Normalised PBT €6.0-9.0m. Q1 2020 Results Presentation to Investors Uncertainty remains significant on Covid19 and Analysts impact Outlook for 2020 Uncertainty Focus and growth Full year Normalised PBT* (m’s) • Current estimate of full year • Covid19 is causing a significant • Actio
Slide 17: Forward Looking Statements
Forward Looking Statements Q1 2020 Results Presentation to Investors and Analysts Disclaimer This presentation is furnished and intended for European market participants and should be viewed in that manner. Any potential forward looking statements contained in this presentation are reflective of man
Slide 18: We are Iceland Seafood
www.icelandseafood.com We are Iceland Seafood
Iceland Seafood International — Q1 2020 Earnings Presentation on 6ix