Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Q2 2021 Earnings Presentation

22 slides from Fiskars Oyj Abp's earnings presentation, Jul 29, 2021

  1. Slide 1: Half-year Financial Report January–June 2021

    Half-year Financial Report January–June 2021 All-time high comparable EBITA during the first half of the year

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward- looking statements are reasonable, no a

  3. Slide 3: Highlights of quarter

    Highlights of quarter RECORD STRONG CLEAR NET SALES IN GUIDANCE Q2 COMPARABLE IMPROVEMENT IN TERRA AND CREA UPGRADED ON EBITA VITA FROM HOLDING UP JUNE 23 CHALLENGING Q2 WELL 2020 ⓒ Fiskars Group 29.7.2021 3

  4. Slide 4: Fiskars Group comparable net sales in Q2 2021

    Fiskars Group comparable net sales in Q2 2021 NET SALES, EUR MILLION NET SALES BRIDGE, EUR MILLION Comparable change* +14.1% 400 Change +9.7% 35.6 2.4 -0.1 0.1 307.2 308 313 307 302 300 280 280.0 265 267 249 256 0.0 -10.7 200 100 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 FX Divest- BA BA BA Other Q2 2019 2019

  5. Slide 5: Fiskars Group comparable EBITA in Q2 2021

    Fiskars Group comparable EBITA in Q2 2021 COMPARABLE EBITA, EUR MILLION COMPARABLE EBITA MARGIN Comparable EBITA* +57% 49.9 49.8 18% 50 44.8 16.5% 15.9% 39.3 16% 40 14.7% 35.1 14% 14.6% 30 28.6 12% 11.4% 18.9 10.2% 20 16.1 13.4 10% 10 8% 6.1% 5.4% 0 7.4% 6% -2.6 -6.2 -3.1 -7.0 -1.1 -0.1 -2.7 -0.7 -2

  6. Slide 6: Outlook for 2021 updated on June 23, 2021

    Outlook for 2021 updated on June 23, 2021 The company expects the comparable EBITA for 2021 to be in the range of EUR 140–160 million. • Visibility continues to be low due to the pandemic • The seasonality of both trade and consumer demand may continue to differ from a typical year • Challenges in g

  7. Slide 7: Investing in growth

    Investing in growth Stepping up investments on digital: • Enhancing data & analytics • Direct-to-consumer capabilities • Consumer experiences Jussi Siitonen appointed CFO and deputy to the CEO – to start in mid- August ⓒ Fiskars Group 29.7.2021 7

  8. Slide 8: Consumer everyday

    Consumer everyday Fiskars awarded the ‘Red Dot: Best of the Best’ award. This Pilot for recoating time, the award was frying pans given for a range of launched garden pruners Royal Waterford Copenhagen Stellar series opened first store launched in mainland China in Shanghai ⓒ Fiskars Group 29.7.2021

  9. Slide 9: Progress in sustainability

    Progress in sustainability ​Against throwaway culture ​For a carbon neutral future The Vintage service was launched to Good progress made in making Fiskars all stores in Sweden during the Group a carbon neutral business by quarter 2030: The work for running a pilot in • 40% reduction achieved vs. ba

  10. Slide 10: Q2 2021

    Q2 2021 ⓒ Fiskars Group 29.7.2021 10

  11. Slide 11: Update on programs provided in the Q2 2021 report

    Update on programs provided in the Q2 2021 report Transformation program, targeted annual Restructuring program, targeted annual cost savings app. EUR 17 million cost savings app. EUR 20 million • The cost savings will be realized, and a majority of the • Subject to the full implementation of the pr

  12. Slide 12: Vita in Q2 2021

    Vita in Q2 2021 Comparable change* Change vs. Q2 19: 44.5% EUR million Q2 2021 Q2 2020 Change 2020 +14% Net sales 115.6 80.9 42.9% 456.6 171.1 Comparable EBITA 14.0 -7.9 41.0 111.0 108.2 115.6 Capital expenditure 3.9 3.6 7.7% 16.3 101.3 80.9 Comparable net sales increased • Rebound from difficult Q2

  13. Slide 13: Terra in Q2 2021

    Terra in Q2 2021 Comparable change* Change vs. Q2 19: 1.6% EUR million Q2 2021 Q2 2020 Change 2020 +19% Net sales 148.7 153.7 -3.3% 493.8 153.7 157.1 148.7 Comparable EBITA 18.6 27.1 -31.5% 67.5 124.5 Capital expenditure 2.9 2.2 33.5% 9.9 113.1 97.8 Comparable net sales increased • Growth from an al

  14. Slide 14: Crea in Q2 2021

    Crea in Q2 2021 Comparable change* -0.3% Change vs. Q2 19: EUR million Q2 2021 Q2 2020 Change 2020 +10% 44.8 Net sales 42.2 44.8 -5.8% 162.0 41.5 43.5 42.2 38.5 35.9 Comparable EBITA 11.7 12.7 -8.2% 41.1 Capital expenditure 1.0 0.6 64.5% 1.8 Comparable net sales close to the previous year’s level •

  15. Slide 15: Net sales by geography in Q2 2021

    Net sales by geography in Q2 2021 Comparable EUR million Q2 2021 Q2 2020 Change change* Europe 136.6 104.0 31.3% 29.9% Americas 129.5 142.4 -9.1% -1.2% Asia-Pacific 42.2 33.3 26.9% 28.4% Unallocated** -1.0 0.3 *Excluding the impact of exchange rates, acquisitions and divestments **Geographically una

  16. Slide 16: Consolidated income statement

    Consolidated income statement EUR million Q2 2021 Q2 2020 Change 2020 Gross profit margin increased Net sales 307.2 280.0 10% 1,116.2 • Improved mix Cost of goods sold -174.8 -173.3 -1% -664.1 • Increased efficiency Gross profit 132.4 106.7 24% 452.0 Gross profit margin 43.1% 38.1% 40.5% Sales and m

  17. Slide 17: Earnings per share in Q2 2021

    Earnings per share in Q2 2021 Impact from negative tax ruling: EUR 0.35 / share 0.38 0.33 0.30 0.26 0.14 0.12 0.10 0.06 0.04 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 ⓒ Fiskars Group 29.7.2021 17

  18. Slide 18: Cash flow improved during the first half of 2021

    Cash flow improved during the first half of 2021 CASH FLOW FROM OPERATING ACTIVITIES BEFORE WORKING CAPITAL, EUR MILLION FINANCIAL ITEMS AND TAXES, EUR MILLION 300 300 264 250 250 242 241 226 200 194 200 172 150 150 134 131 135 100 116 100 50 90 85 48 56 47 11 11 50 0 -38 -50 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4

  19. Slide 19: Balance sheet

    Balance sheet EUR million Q2 2021 Q2 2020 2020 Inventories normalized from a low level Goodwill and other intagible assets 485.7 500.6 481.9 Other non-current assets 344.0 364.4 347.2 Both cash and interest-bearing liabilities lower than at the end of 2020 Inventories 247.1 214.6 207.4 Trade receiva

  20. Slide 20: Net debt decreased significantly from the previous year's level

    Net debt decreased significantly from the previous year’s level EQUITY RATIO AND NET GEARING NET DEBT, EUR MILLION 70% 350 331 60% 56 % 56 % 57 % 56 % 317 55 % 54 % 51 % 51 % 300 290 49 % 278 50% 261 44 % 42 % 250 37 % 38 % 214 40% 34 % 200 180 29 % 30% 25 % 144 145 150 19 % 19 % 20% 100 10% 50 0% 0

  21. Slide 21: Long-term financial targets unchanged

    Long-term financial targets unchanged GROWTH PROFITABILITY CAPITAL STRUCTURE DIVIDEND The average annual net sales EBITA margin Net gearing** below 100% Fiskars aims to distribute a growth to exceed 5%, through a to reach 12% stable, over time increasing combination of organic growth dividend, to be

  22. Slide 22: Making the everyday extraordinary

    Making the everyday extraordinary ⓒ Fiskars Group 29.7.2021 22

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