Prfoods As · OMXTSE:PRF1T
Prfoods As — Premia Foods — Q3 2012 Earnings Presentation
12 slides from Prfoods As's earnings presentation, Nov 14, 2012
Slide 1: Slide 1
Slide 2: Premia Foods 3rd Quarter & 9 months 2012
Premia Foods rd 3 Quarter & 9 months 2012 November 14, 2012
Slide 3: Gross profit: growth for 3 consecutive quarters
Gross profit: growth for 3 consequtive quarters Turnover of Q3 of 2012 was 23.6 m EUR, decreased by 0.5 mEUR or 1.9 % if compared to Q3 / 2011 Turnover of 9 months of 2012 was 66.8 m EUR, decreased by 1.5 mEUR or 2.2% if compared to 9 months of 2011 Gross margin in Q3 of 2012 30.2%, growth 1.8 ppt o
Slide 4: Key ratios: Profit & Loss
Key ratios: Pofit & Loss Profit & Loss, EUR mln Q3 9m 2012 Q3 9m 2011 Sales 23.6 66.8 24.1 68.3 Gross profit 7.1 19.3 6.8 18.2 EBITDA from operations 2.1 4.9 2.3 5.2 EBITDA 1.9 3.2 3.2 4.1 EBIT 1.0 0.7 2.3 1.2 Net profit 1.1 0.7 1.6 0.7 Gross margin 30.2% 28.8% 28.4% 26.6% Operational EBITDA margin
Slide 5: Sales by segments: 9 months 2012
Sales by segments: 9 months 2012 Fish: value - 6% volume + 2% Ice cream: value - 5% 36% 37% volume - 12% Frozen goods: value + 6% volume + 2% 25% Value based sales breakdown by segments/ 9 months 2012
Slide 6: Sales by countries
20.9 Sales by countries 7.6 Turnover of 9 months 19.8 2012: 66.8 million euro 2012/2011: - 2% Finland: - 8% 9.8 Estonia: + 2% Latvia: + 5% Lithuania: + 4% Russia: - 12% 8.4
Slide 7: Segment share from total sales (9m 2012)
Share of ice cream segment increased in summer SEGMENT SHARE FROM TOTAL SALES (9m 2012)
Slide 8: Fish and fish products
Fish and fish products million euro Growth in 9 months in volume by 1.8%, while turnover decreased by 6.3% on yoy basis Average price decreased during the SALES: -6% or -1.4 mEUR same period by 8%, market price for raw fish decreased by appr 18% In Swedish fish farms there were one- off expenses in
Slide 9: Frozen goods
Frozen goods million euro Turnover increased by 1.0 mEUR or 6.4% during 9 months, yoy basis. Latvia and Lithuania increased their SALES: 6% or + 1.0 mEUR turnover of frozen goods the most. Horeca- sector is recovering due to the recovery of purchasing power of consumers. GROSS MARGIN Gross profit of
Slide 10: Ice cream
Ice cream During Q3 2012, Premia was able to million euro increase the turnover of ice cream by 0.6 mEUR or by 7% on yoy basis. Turnover in Russia increased by 14% in Q3 2012, on yoy basis. SALES: -5% or – 1.2 mEUR Profitability remains to be the main focus on all the markets. Growth in gross margin
Slide 11: Cost analysis
Cost analysis 9m 2012 9m 2011 change 9m 2012 9m 2011 change EUR mln EUR mln EUR mln as % of sales as % of sales as % of sales Sales 66.8 68.3 - 1.5 100.0% 100.0% Cost of goods sold - 47.5 - 50.1 - 2.6 71.2% 73.4% - 2.2% incl one-off exp - 0.3 - 0.6 - 0.3 0.5% 0.9% - 0.4% materials in production & co
Slide 12: Key ratios: Balance Sheet
Key ratios: Balance Sheet Balance Sheet, EUR mln 30.09.12 30.09.11 Net debt 10.9 10.7 Equity 37.1 41.7 Working capital 9.7 15.0 Assets 65.4 66.2 Liquidity ratio 1.55 2.27 Equity ratio 57% 63% Gearing ratio 23% 20% Net debt-to-EBITDA 2.06 2.09 According to the resolutions of AGM held on 29.05.2012: D