Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — Q2 2015 Earnings Presentation
19 slides from Apetit Oyj's earnings presentation, Aug 12, 2015
Slide 1: Apetit Plc Interim Report Q2/2015
Apetit Plc Interim Report Q2/2015 Briefing for Analysts and Media 12 August 2015 at 10:00 a.m. Scandic Simonkenttä, Helsinki Juha Vanhainen, CEO Eero Kinnunen, CFO The pea harvesting in the fields of Apetit contract APETIT PLC 24/7 growers has begun in Satakunta.
Slide 2: Anu Ora, Director of Food Business
Anu Ora M.Sc., Economics and Business Administration, born 1973 Director of the Apetit Group’s Food Business as of 17 August 2015 Apetit is strengthening the Food Business’ management in order to enhance its competitiveness, as well as its customer and consumer orientation in a changing operating en
Slide 3: CEO's Review Q2/2015
The Apetit pea, straight from the field to the 2 hours freezer. CEO’s Review Q2/2015 APETIT PLC 3
Slide 4: Wellness from untainted farmland and waters
Wellness from untainted farmland and waters Food Business Grains and Oilseeds Business • Frozen vegetables and frozen ready meals • Trading of grains, Fresh fish and fish oilseeds and products feedstuffs • Pre-prepared fresh fruit • Vegetable oils and vegetable products • Feedstuffs Oilseed products
Slide 5: Profitability in challenging markets developed in two directions
Apetit Profitability in challenging markets Q2/2015 developed in two directions • The challenging market conditions of the Finnish retail trade and restaurant sectors were reflected in the sales and profitability of the Food Business. • The large delivery volumes in the grain trade increased net sal
Slide 6: Net sales and customer relationships
Apetit Net sales and Apetit Group Q2/2015 Net sales ja kannattavuus customer relationships Food Business • The decline in net sales was caused by lower sales in the fish Grains and Oilseeds Business product group in Sweden and the effects of the poor economy • Net sales were boosted by the higher sa
Slide 7: The sales of Apetit Kotimainen Domestic product range grew
Apetit The sales of Apetit Kotimainen Q2/2015 Domestic product range grew • Sales of the Apetit Kotimainen domestic product range in the frozen foods group Apetit Kotimainen domestic frozen grew by 3 per cent on the same period the previous year. product range sales development • The frozen food mar
Slide 8: Operating profit Q2/2015
Apetit Operating profit Q2/2015 Excluding non-recurring items Food Business Grains and Oilseeds Business Other Operations EUR -2.5 (-0.1) million EUR 2.1 (1.3) million EUR -0.3 (-0.6) million • The profitability of the fish products group suffered from a sales • The good profit performance was • The
Slide 9: Profitability programmes progressed
Apetit Profitability programmes Pitkän aikavälin kannattavuusohjelmat Q2/2015 progressed Ruokaliiketoiminnassa Profitability programmes • In the first six months in the fish products group, processing operations were focused in Kuopio and Helsinki and the facilities in Kustavi and Myrskylä have been
Slide 10: The new grain port in Inkoo inaugurated in August
Apetit The new grain port in Inkoo Q2/2015 inaugurated in August • Avena Nordic Grain Oy, invests EUR 1.8 million in the development of grain reception, storage and export facilities at the Inkoo deepwater port. • Three bulk dry stores with a combined total area of 6,120 m2. • Makes grain loading po
Slide 11: Expansion of vegetable oil packaging plant
Apetit Expansion of vegetable oil Q2/2015 packaging plant • Avena Nordic Grain invests EUR 1.3 million in the expansion of Mildola’s vegetable oil packaging plant in Kirkkonummi. • The expansion will allow further growth in the sales of packaged vegetable oil products and will enable the range of th
Slide 12: Outlook for 2015
Apetit Outlook for 2015 Q2/2015 The Group’s full-year operating profit excluding non-recurring items is expected to fall short of the previous year’s level. Owing to the extremely challenging situation in the sugar market, the associated company Sucros, which is part of the Other Operations segment,
Slide 13: Financials Q2/2015
Financials Q2/2015 APETIT PLC
Slide 14: Group's net sales and operating profit excluding non-recurring items
Apetit Group’s net sales and operating profit excluding non- recurring items Net sales Operating profit excluding non-recurring items Apetit Group, comparison 2015/2014 Apetit Group, comparison 2015/2014 8.0 384.7 7.3 400.0 6.0 5.3 300.0 EUR million 4.0 EUR million 191.7 187.0 2.0 1.6 200.0 0.7 0.4
Slide 15: Key Figures Q2/2015
Key Figures Q2/2015 Q2 Q2 Q1-Q2 Q1-Q2 FY EUR million 2015 2014 2015 2014 2014 Net sales 100.2 98.1 191.7 187.0 384.7 Operating profit excluding non- recurring items -0.7 0.7 -3.0 0.4 7.3 Operating profit 0.0 0.6 -2.2 -0.1 -5.9 Profit before taxes -0.3 0.0 -2.6 -1.0 -8.1 Profit for the period -0.6 0.
Slide 16: Renewal of credit limit and loan agreements
Apetit Renewal of credit limit and loan Q2/2015 agreements • Apetit Plc has agreed upon the reorganisation of its long-term credit facilities. • The new binding and collateral-free credit facilities totalling EUR 40 million and intended for working capital financing replaced the old credit facility
Slide 17: Summary
Summary APETIT PLC INTERIM REPORT Q2/2015 12 August 2015 17
Slide 18: Apetit's priorities for this year
Apetit’s priorities for this year We will implement our profitability improvement programmes and develop the Food Business in response to market challenges. We will invest in the development and growth of the profitable Grains and Oilseeds Business. We will create a new strategy to ensure profitable
Slide 19: Thank you for your interest!
Thank you for your interest! Contact Follow us Group CEO Apetit Juha Vanhainen Apetit Plc Tel. +358 10 402 00 Apetit Luonnollisesti Hyvää ja Apetit Oyj Firstname.lastname@apetit.fi www.apetit.fi www.apetitgroup.fi Apetit Oyj APETIT PLC INTERIM REPORT Q2/2015 12 August 2015 19