Suominen Oyj · OMXHEX:SUY1V
Suominen Oyj — Shareholder Meeting (March 2019)
20 slides from Suominen Oyj's shareholder meeting presentation, Mar 19, 2019
Slide 1: Review by the President & CEO
Review by the President & CEO 19 March 2019 Petri Helsky, President & CEO
Slide 2: Corporate Executive Team
Corporate Executive Team Petri Helsky Ernesto S. Levy Linda A. Kelly Tapio Engström President & CEO Convenience Care CFO Larry L. Kinn Markku Koivisto Mimoun Saïm Hannu Sivula Operational Technology Operations HR Excellence 19 March 2019 Our purpose is to make life better. 2
Slide 3: Suominen in brief
Suominen in brief Suominen Global presence Business areas Typical customers Strong R&D • Nonwovens as roll • 8 production • Convenience • We create goods for wipes, plants in three • baby care nonwovens that hygiene products and continents • personal care others cannot. medical applications. - Finla
Slide 4: Global megatrends set a solid basis for the strategy execution
Global megatrends, such as aging population and growing middle class, set a solid basis for the strategy execution +3-6% +2-6% Aging population Consumer trend for hygiene, health and well-being Demand for ”made fo me” +7% products +7% Growing population +6% Growing middle class Urbanization Demand o
Slide 5: Financial year 2018
Financial year 2018 19 March 2019 Our purpose is to make life better. 5
Slide 6: Net sales grew from the previous year
Net sales grew from the previous year Net sales, EUR million 500 444,0 431,1 401,8 416,9 426,0 400 300 200 100 0 2014 2015 2016 2017 2018 • The weakening of the USD decreased the net sales of 2018 by approximately EUR 10.9 million. 19 March 2019 Our purpose is to make life better. 6
Slide 7: Product mix developed to right direction
Product mix developed to right direction, share of products with relatively higher added value* grew 2012 2017 2018 6% 9% 8% 10% 9% 9% 41% 39% 47% 19% 18% 20% 18% 21% 22% Baby wipes Personal care wipes Home wipes Workplace wipes Hygiene & medical products *Nonwovens for personal care products, home
Slide 8: Operating profit declined
Operating profit declined Comparable operating profit, EUR million and % of net sales 40 8% 7,0 % 6,7 % 6,1 % 30 6% 31,2 20 26,9 4% 25,6 3,5 % 10 15,0 2% 1,1 % 4,6 0 0% 2014 2015 2016 2017 2018 MEUR % • Prices for several key resources, including raw materials and transportation, increased steeply.
Slide 9: Profit for the period was negative
Profit for the period was negative Profit for the period, EUR million 20 17,0 16 15,2 14,5 12 10,2 8 4 0 -4 -1,7 2014 2015 2016 2017 2018 19 March 2019 Our purpose is to make life better. 9
Slide 10: Cash flow from operations remained strong
Cash flow from operations remained strong Cash flow from operations, EUR million 40 37,1 32,1 30 27,3 28,5 22,2 20 10 0 2014 2015 2016 2017 2018 • Cash flow from operations remained strong, thanks to the positive development in net working capital. 19 March 2019 Our purpose is to make life better. 1
Slide 11: Strategy for 2017-2021
Strategy for 2017-2021 19 March 2019 Our purpose is to make life better. 11
Slide 12: We change the way people think about nonwovens
We change the way people think about nonwovens Best in Creating Community of business nonwovens that —changemakers others cannot We make life better &, suominen
Slide 13: Vision: We change the way people think about nonwovens
Vision: We change the way people think about nonwovens From delivering white rolls… …to offering engineered solutions 19 March 2019 Our purpose is to make life better. 13
Slide 14: Actions taken to implement the strategy
Actions taken to implement the strategy 19 March 2019 Our purpose is to make life better. 14
Slide 15: Progress in strategy implementation
Progress in strategy implementation New line in Bethunessa Growth investment in Green Bay ICT systems renewal • The reliability of the Project is proceeding as • Progressing as new manufacturing planned and we anticipate scheduled. line improved during the year. the new capabilities to be in • At th
Slide 16: Creating nonwovens that others cannot
Creating nonwovens that others cannot Product launches Intelligent NonwovensTM Renewable raw materials Four new products or We launhed an unique We launhed BIOLACE® product concepts with concept that embeds Move, BIOLACE® high added value digital features into Cozy products that are launched in 2018
Slide 17: We continue to implement the strategy
We continue to implement the strategy • Actions to improve profitability continue determinedly, we will focus on - developing product portfolio - developing pricing - improving production performance - developing commercial capabilities - completing ongoing projects (Bethune and Green Bay investment
Slide 18: Outlook for 2019
Outlook for 2019 19 March 2019 Our purpose is to make life better. 18
Slide 19: Outlook for 2019
Outlook for 2019 • Suominen expects that in 2019, its net sales will be at the level of 2018 and comparable operating profit, excluding the positive effect of applying IFRS 16 Leases, will improve from 2018. • In 2018, Suominen’s net sales amounted to EUR 431.1 million and operating profit to EUR 4.
Slide 20: Suominen social media contacts
@SuominenCorp @SuominenOyj Suominen Corporation 19 March 2019 20