Slide 1: Rapala VMC Corporation 1st Half 2021
RAPALA VMC CORPORATION 1st HALF 2021 1
Slide 2: Strong growth in sales and profitability driven by high market demand
Strong growth in sales and profitability driven by high market demand and strong winter season as well as significantly faster than expected execution of ONE RAPALA VMC strategy Net sales (MEUR) Comparable operating profit (MEUR) Inventory value (MEUR) Group products 3rd party products +22.3 MEUR +3
Slide 3: Short term outlook unchanged from April 20, 2021
Short term outlook unchanged from April 20, 2021 – The Group expects 2021 full year comparable operating profit (excluding mark- to-market valuations of operative currency derivatives and other items affecting comparability) to increase significantly from the previous year. – Solid order book and pr
Slide 4: All regions growing from prior year with North America strongest
All regions growing from prior year with North America generating strongest sales growth 2020 H1 22.3 13.5% 2021 H1 25.3 (+3.0) 2020 H1 40.4 72.9% 2021 H1 69.9 (+29.5) 2020 H1 41.6 12.6% 2021 H1 46.8 (+5.2) 2020 H1 12.8 37.8% 2021 H1 17.6 (+4.8) North America Nordic Rest of Europe Rest of the World
Slide 5: Inventory levels well under control; record cash flow from operations
Inventory levels well under control with tight purchase management. Cash flow from operations on a record level following continued strong focus in cash management. Inventory (MEUR) Cash flow from operations (MEUR) +9.7 108.6 23.1 -11.5% 83.5 73.8 13.4 11.5 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 20
Slide 6: Financial position improved significantly with net debt decreasing to 30.5 MEUR
Financial position has improved significantly with net debt decreasing to 30.5 MEUR Gearing (%) Equity ratio (%) Net interest-bearing debt (MEUR) +7.8 pp. 81.1% 53.8% 104.1 45.9% 40.4% -33.0 -25.1 pp. 63.5 43.7% 30.5 18.6% 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 H1 ▪ Liq
Slide 7: Appendix
APPENDIX
Slide 8: Key Figures
KEY FIGURES MEUR 2021 H1 2020 H1 Net sales 159,6 117,1 Operating profit 26,3 -0,8 Operating profit, % of net sales 16,5 % -0,7 % Comparable operating profit 26,5 4,2 Comparable operating profit, % of net sales 16,6 % 3,6 % Net profit for the period 18,1 -3,8 EPS (basic), EUR 0,43 -0,12 Cash flow fro
Slide 9: Geographical Net Sales
GEOGRAPHICAL NET SALES North America (MEUR) Nordic (MEUR) 69.9 47.6 49.6 48.6 40.4 31.8 32.3 30.9 22.3 25.3 2017 H1 2018 H1 2019 H1 2020 H1 2021 H1 2017 H1 2018 H1 2019 H1 2020 H1 2021 H1 Rest of Europe (MEUR) Rest of the World (MEUR) 45.8 44.9 45.9 46.8 41.6 15.7 15.7 15.7 17.6 12.8 2017 H1 2018 H1
Slide 10: Profit and Loss Statement
PROFIT AND LOSS STATEMENT MEUR 2021 H1 2020 H1 Net sales 159,6 117,1 Other operating income 0,3 0,5 Materials and services 69,0 57,7 Personnel expenses 35,9 32,8 Other costs and expenses 24,5 19,5 Share of results in associates and joint ventures 0,2 -0,8 EBITDA 31,3 6,8 Depreciation, amortization a
Slide 11: Balance Sheet
BALANCE SHEET MEUR 2021 H1 2020 H1 ASSETS Non-current assets Intangible assets 79,0 74,3 Property, plant and equipment 23,7 24,3 Right-of-use asset 10,2 11,9 Non-current assets Interest-bearing 7,2 7,8 Non-interest-bearing 11,5 8,5 131,7 126,9 Current assets Inventories 73,8 83,5 Current assets Inte
Slide 12: Shares and Shareholders
SHARES AND SHAREHOLDERS Share Price Index Performance 400 SHARE RELATED DATA (6/2021) Market capitalization 321.4 MEUR 300 12-month high / low 9.80 / 2.51 EUR All-time high / low 9.80 / 2.15 EUR 200 100 0 MAJOR SHAREHOLDERS (6/2021) % OF TOTAL 06/20 09/20 12/20 03/21 06/21 OMX Nordic Small Cap Rapal