Kesko Oyj Class A · OMXHEX:KESKOA
Kesko Oyj Class A — Q1 2010 Earnings Presentation
19 slides from Kesko Oyj Class A's earnings presentation, Apr 27, 2010
Slide 1: Interim report January-March 2010
Interim report January-March 2010 27 April 2010
Slide 2: Kesko's interim report 1-3/2010
Kesko’s interim report 1-3/2010 • Kesko’s profit growth continued. • K-food stores’ healthy market share growth strengthened. Kesko Food’s profit at a good level. • K-citymarket’s, Anttila’s, Asko’s and Intersport’s profitability clearly improved. • Seasonal nature of profitability of the building a
Slide 3: Net sales by division 1.1.-31.3. (M€)
Net sales by division 1.1.-31.3. (M€) 2010 2009 Change,% Food trade 912 888 2.8 Home and speciality goods trade 355 346 2.6 Building and home improvement trade 495 529 -6.5 Car and machinery trade 236 296 -20.2 Common operations and eliminations -40 -41 -1.5 Total 1,958 2,018 -3.0 Page 3 Q1 2010 Med
Slide 4: Group's net sales by quarter (M€)
Group’s net sales by quarter (M€) 2 500 - 15.9% - 12.4% - 7.7% - 11.4% - 3.0% 2 000 395 392 346 304 272 - 10.8% 1 500 - 1.6% 1 000 1 713 1 741 1 686 1 748 1 807 500 0 Q1 Q2 Q3 Q4 Q1 2009 2010 Finland Other countries Page 4 Q1 2010 Media and analyst briefing ATa
Slide 5: Operating profit excl. non-recurring items by division
Operating profit excl. non-recurring items by division 1.1.-31.3. (M€) 2010 2009 Change Food trade 31.7 33.8 -2.2 Home and speciality goods trade 0.1 -10.7 10.8 Building and home improvement trade -13.8 -9.1 -4.6 Car and machinery trade 6.4 -6.0 12.3 Common operations and eliminations -3.4 -4.6 1.1
Slide 6: Operating profit by quarter (M€)
Operating profit by quarter (M€) 120 50.1 90 60 0.8 6.3 30 36.4 47.5 68.0 0.1 19.8 20.9 0 3.4 Q1 Q2 Q3 Q4 Q1 2009 2010 Operating profit excl. non-recurring items Non-recurring items Page 6 Q1 2010 Media and analyst briefing ATa
Slide 7: Group's operating profit before tax Q1/2010 (M€)
Group’s operating profit before tax Q1/2010 (M€) 30 18.2 18,2 21.9 21,9 0.9 20 0.1 19.8 10 20.9 3.4 0 -5.0 -10 1-3/2009 1-3/2010 Net financial income and income from associates excl. non-recurring items Non-recurring items Operating profit excl. non-recurring items Page 7 Q1 2010 Media and analyst b
Slide 8: Food trade 1-3/2010
Food trade 1-3/2010 Net sales 1-3, M€ 1,000 888 912 + 2.8% • K-food stores’ grocery sales growth 4.1% 800 (VAT 0%). 600 400 • Especially the K-citymarket and K- 200 supermarket chains achieved good sales 0 performance. 2009 2010 • K-Plussa customer loyalty programme Finland Other countries gained 25
Slide 9: Home and speciality goods trade 1-3/2010
Home and speciality goods trade 1-3/2010 Net sales 1-3, M€ 400 + 2.6% 346 355 • K-citymarket’s home and speciality goods - 28.8% 300 sales increased by 11.1%. 200 + 3.1% • Asko’s and Kodin Ykkönens’ home decoration sales increased markedly. 100 • Intersport achieved good sales 0 performance especial
Slide 10: Building and home improvement trade 1-3/2010
Building and home improvement trade 1-3/2010 Net sales 1-3, M€ 529 600 495 -6.5% • Sales and profit of the building and home 500 improvement trade declined. 400 -7.5% • In addition to segment’s seasonal nature, 300 200 profitability was affected by the weakening 100 -5.5% Baltic market and investmen
Slide 11: Car and machinery trade 1-3/2010
Car and machinery trade 1-3/2010 Net sales 1-3, M€ • VV-Auto’s net sales, adjusted for the tax 400 change, matched the level of the previous 300 296 236 -20.2% year. • Combined market share of Audi, 200 -32.9% Volkswagen and Seat remained unchanged at 19%. 100 -18.6% • Volkswagen Center Airport, bas
Slide 12: Group's investments (M€)
Group’s investments (M€) 51.5 42.0 Store sites Others Page 12 Q1 2010 Media and analyst briefing ATa
Slide 13: Equity ratio, %
Equity ratio, % 03/2009 03/2010 Page 13 Q1 2010 Media and analyst briefing ATa
Slide 14: Interest-bearing net liabilities (M€)
Interest-bearing net liabilities (M€) 50 43 0 -50 -100 -229 -150 -200 -250 03/2009 03/2010 Sivu 14 Q1 2010 Media- ja analyytikkoinfo 27.4.2010 MHa
Slide 15: Performance indicators
Performance indicators 1-3/2010 1-3/2009 Net sales, € million 1,958 2,018 Operating profit, € million 20.9 23.2 Operating profit excl. non-recurring items, € million 20.9 3.4 Group’s profit before tax, € million 21.9 18.2 Investments, € million 42.0 51.5 Earnings/share, €, diluted 0.15 0.12 Earnings
Slide 16: Share price trend 12 mo
Share price trend 12 mo OMX Helsinki CAP KESKO B 04/09 01/10 22.4.2010 Page 16 Q1 2010 Media and analyst briefing ATa
Slide 17: Market capitalisation
Market capitalisation 31.3. (M€) 5 000 4 000 2,855 3 000 1,719 2 000 1,942 €29.14/share 1 000 1,033 686 912 €28.75/share 0 2009 2010 B share A share Page 17 Q1 2010 Media and analyst briefing ATa
Slide 18: Future outlook
Future outlook Estimates of the future outlook for the Kesko Group's net sales and operating profit excluding non-recurring items are given for the 12 months following the reporting period (4/2010-3/2011) in comparison with the 12 months preceding the reporting period (4/2009-3/2010). The trend in c
Slide 19: Thank you!
Thank you! Sivu 19 Q1 2010 Media and analyst briefing ATa