Slide 1: Leading Supplier of Sporting Goods Equipment with Global Brands
Leading Supplier of Sporting Goods Equipment with Global Brands Results for the 2001 Financial Year Roger Talermo, CEO Highlights EPS 2001 2000 Ch Rolling 12 months (EUR) Net sales 1099.8 1086.6 + 1% (MEUR) 3 2,91 2,87 2,9 2,73 2,7 2,69 2,5 2,24 EBIT 98.6 94.9 + 4% 2,05 (MEUR) 2 1,72 1,5 1 EPS 2.90
Slide 2: Year 2001 in brief / Financial review
Year 2001 in brief • Despite a very challenging year, Amer Group continued to make good progress • Record profits for Winter Sports and Team Sports • Suunto’s progress rapid • Golf not able to achieve its targets, reports a loss • Q4 somewhat affected by US market distortions • Proposed dividend 1.1
Slide 3: Profit and loss statement - FY and Q4
Profit and loss statement - FY 2001 2000 % Net sales 1099.8 1086.6 1% Net Sales 1997-2001 (MEUR) EBIT 98.6 94.9 4% - Net financials -9.3 -17.4 - 47% 1086,6 1099,8 1100 1000 EBT 89.3 77.5 15% 900 789,5 825,7 Extraordinary - - - 800 745,5 700 Taxes -20.5 -11.6 600 500 NET 68.5 65.8 4% 400 300 EPS 2.90
Slide 4: Net sales - FY and Q4
Net sales - FY Comparable net sales 2001 2000 % up by 3 % Net sales 1099.8 1086.6 1% Divisional breakdown Racquet 264.8 264.7 0% Golf 235.9 257.5 - 8% Tobacco Golf Team 204.7 194.1 5% 9% Sports inst. 22 % Winter 199.3 177.0 13% 8% Sports Instr. 83.4 70.2 19 % Racquet 23 % Winter Tobacco 103.9 95.4 9
Slide 5: EBIT – FY and Q4
EBIT – FY 2001 2000 % EBIT EBIT 98.6 94.9 4% up by 4 % Racquet 26.1 26.6 -2% 1997-2001 (MEUR) Golf -3.3 13.2 Team 24.2 15.6 55% 94,9 98,6 Winter 40.2 38.3 5% 100 80 Sports Instr. 10.1 8.2 23% 58,5 60 40 22,3 Tobacco 9.6 9.3 3% 20 12,9 Sold operations 0.7 2.1 0 HQ 0.3 -8.8 1997 1998 1999 2000 2001 Go
Slide 6: Balance Sheet and ROCE
Balance Sheet 2001 2000 Share buy-back: currently 968,300 in treasury Fixed assets 435.8 448.6 Inventories 155.2 161.3 Equity ratio and Receivables 282.4 282.0 gearing (%) Cash etc. 28.5 40.6 70 Equity 469.3 448.8 60 Int. bearing debt 143.0 195.2 50 - long term 73.4 127.6 40 - short term 69.6 67.6 3
Slide 7: ROE / Business review
ROE 1997-2001 20 16,1 15,6 15 ROE 11,4 Rolling 12 mths 10 5 18 16,8 16,9 16,1 16,4 15,8 15,6 16 13,2 14,7 0,7 14 12 11,4 0 10 8 1997 1998 1999 2000 2001 6 4 -5 -3,7 2 0 /I /I I I /II /II /IV /IV /IV /II /II 00 01 00 01 99 00 00 01 01 Business review Roger Talermo CEO 7
Slide 8: Winter sports
Winter sports 2001 2000 Ch Net • Another record year for the Winter sales 199.3 177.0 13% Sports EBIT 40.2 38.3 5% • Operating profit up by 5% despite increased Investments in R&D and marketing • New logistics center and new R&D center in Altenmarkt Other 9% Boots 10 % • Atomic growth exceeds the ma
Slide 9: Sports Instruments
Sports Instruments 2001 2000 Ch Net • Fastest growth in key product sales 83.4 70.2 19% categories • Wristop computers up by 39% EBIT 10.1 8.2 23% • Diving instruments up by 25% • Several new product introductions • Observer -series • M9 in sailing • G9 in golf • X6 in cross sports • Vytec in diving
Slide 10: Racquet Sports
Racquet Sports 2001 2000 Ch • Wilson retained its clear lead in tennis Net equipment sales 264.8 264.7 0% • Tennis rackets 33% • T-balls 22% EBIT 26.1 26.6 -2% • Improvement in profitability hindered by • Decline in high price point tennis racquets • Production capacity issues in new Thai T-ball Ten
Slide 11: Golf
Golf 2001 2000 Ch • Weak performance due to lost sales and Net margin in golf balls sales 235.9 257.5 -8% • Global golf ball mkt share declined to 7% EBIT -3.3 13.2 • Full set of Deep Red clubs introduced during 2001 • Mkt share stable at 5% Other • True ball launch in Orlando well received Bags & 6
Slide 12: Team Sports
Team Sports 2001 2000 Ch Net • Improved its already strong market sales 204.7 194.1 5% position in US EBIT 24.2 15.6 55% • Profitability improved due to • Better mix • Efficient sourcing Other 13 % Baseball • Wilson has increased its number of major 32 % team sport association and league Apparel ado
Slide 13: Tobacco
Tobacco 2001 2000 Ch • Continued strength in Finland Net • Cigarette mkt share 75% sales 103.9 95.4 9% • First full year of Swedish Match agreement resulted in cigar market EBIT 9.6 9.3 3% share of 57% • Total of 415.1 MEUR of exise tax paid • Stable outlook Volvo Ocean Race 13
Slide 14: Prospects for 2002 / Amer Group Target
Prospects for 2002 • Outlook cautiously optimistic • Uncertainty relating to general economic conditions remains • Amer Group’s objective is to deliver a strong performance in 2002 • Amer’s operations are balanced by the wide portfolio of sports and geographical diversity Amer Group Target Amer inte