Slide 1: Rapala VMC Corporation Annual Accounts & Q4 2015
RAPALA VMC CORPORATION ANNUAL ACCOUNTS & Q4 2015
Slide 2: Net sales, comparable operating profit, cash flow and EPS
• • • • • • • • • • Net sales, MEUR Comparable Cash flow from EPS, EUR operating profit, operations, MEUR MEUR 63,3 61,5 59,7 0,08 2,7 4,0 1,3 0,6 0,00 -0,2 -0,01 2013 2014 Q4/2015 2013 2014 Q4/2015 -0,3 2013 2014 Q4/2015 2013 2014 Q4/2015 Annual accounts & Q4 2015 2
Slide 3: Net sales
• • • • • • • • Net sales 90 85 80 75 MEUR 70 65 60 55 50 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2012 2013 2014 2015 Annual accounts & Q4 2015 3
Slide 4: Net sales by quarter
+8% 10,5 9,7 Q1 +4% +4% 25,8 +2% -20% 13,8 24,7 17,3 -5% -4% -4% 9,4 9,8 • • • • • • • • • • • • • • • • • • • • • Annual accounts & Q4 2015 4
Slide 5: Net sales by region
• • • • • • • • • • • • • • • • • • 90 80 70 60 MEUR 50 40 30 20 10 0 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Q1 Q2 Q3 Q4 North America Nordic Rest of Europe Rest of the World Annual accounts & Q4 2015 5
Slide 6: Group products and third party products
• • • • • • • • 90 80 70 60 MEUR 50 40 30 20 10 0 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Q1 Q2 Q3 Q4 Group products Third party products Annual accounts & Q4 2015 6
Slide 7: Operating profit
• • • • • • • 16 18% 14 16% 12 14% 12% 10 10% MEUR 8 8% 6 6% 4 4% 2 2% 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2012 2013 2014 2015 Operating profit, MEUR Operating profit, % Annual accounts & Q4 2015 7
Slide 8: Operating profit by product group
• • • • • 16 14 12 10 8 MEUR 6 4 2 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -2 2011 2012 2013 2014 2015 -4 Group products Third party products Annual accounts & Q4 2015 8
Slide 9: Net profit
• • • • • • • • • 10 0,25 8 0,20 6 0,15 Net profit 4 0,10 EPS 2 0,05 0 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -2 -0,05 2011 2012 2013 2014 2015 -4 -0,10 Net profit attributable to non-controlling interests, MEUR Net profit attributable to equity holders of the company, MEUR
Slide 10: Cash flow from operations
• • • • • • • • • 160 Cash flow from operations, MEUR * 140 30 120 100 80 20 60 40 10 20 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -10 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Total working capital, MEUR Inven
Slide 11: Net interest-bearing debt, gearing and equity ratio
• • • • • • Net interest-bearing debt, MEUR 90% 120 108,2 77,3 % 99,9 80% 100 73,2 % 70% 80 MEUR 60% 60 50% 44,1 % 44,7 % 40 40% 20 30% 0 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Gearing, % Equity ratio, % Ann
Slide 12: Cornerstones of the Profitable Growth Strategy
Cornerstones of the Profitable Growth Strategy 2015 2015 2015 2015 Annual accounts & Q4 2015
Slide 13: Annual accounts & Q4 2015
• • • • • • • • • • Annual accounts & Q4 2015 13
Slide 14: End of presentation
END OF PRESENTATION
Slide 15: Appendices
APPENDICES RAPALA VC CORP.
Slide 16: QRT Key figures
QRT Key figures MEUR Q4/2015 Q4/2014 Net sales 59.7 61.5 Operating profit 0.7 1.2 Operating profit margin, % 1.1% 1.9% Comparable operating profit 1.3 -0.2 Comparable operating profit margin, % 2.1% -0.3% Net profit for the period 0.0 -0.8 EPS (basic), EUR 0.00 -0.01 Cash flow from operations -0.3 4
Slide 17: YTD Key figures
YTD Key figures MEUR Q1-Q4/2015 Q1-Q4/2014 Net sales 278.2 273.2 Operating profit 21.0 22.9 Operating profit margin, % 7.6% 8.4% Comparable operating profit 25.3 20.9 Comparable operating profit margin, % 9.1% 7.6% Net profit for the period 8.1 10.2 EPS (basic), EUR 0.17 0.24 Cash flow from operatio
Slide 18: EPS
EPS EPS, EUR 0,20 0,15 0,10 EUR 0,05 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -0,05 2011 2012 2013 2014 2015 -0,10 0,40 100 % 0,35 90 % 80 % 0,30 70 % 0,25 60 % EUR 0,20 50 % 0,15 40 % 30 % 0,10 20 % 0,05 10 % - 0% 2011 2012 2013 2014 2015* EPS, EUR DPS, EUR Payout, % Annual
Slide 19: Profit and loss account
Profit and loss account MEUR Q4 2015 Q4 2014 Q1-Q4/2015 Q1-Q4/2014 Net sales 59.7 61.5 278.2 273.2 Other operating income 0.6 0.4 1.0 1.0 Materials and services 28.5 30.2 130.9 128.1 Personnel expenses 17.3 16.0 68.4 65.6 Other costs and expenses 11.9 12.5 52.3 50.8 Share of results in associates an
Slide 20: Balance sheet
Balance sheet MEUR Q1-Q4 2015 Q1-Q4 2014 ASSETS Non-current assets Intangible assets 78.2 74.4 Property, plant and equipment 33.9 32.0 Non-current assets Interest-bearing 2.8 3.0 Non-interest-bearing 11.8 11.5 126.7 120.8 Current assets Inventories 116.2 113.8 Current assets Interest-bearing 1.0 1.1
Slide 21: Annual accounts & Q4 2015
• • • • • • • • • • • • • Annual accounts & Q4 2015 21
Slide 22: Financial Trends
Financial Trends 45 35 20% 800% 078 Sales and scope Profitability Balance sheet position 40 18% 9 050 700% 9 os 35 16% 600% 9 500 40 14% 500% 175 12% 25 1159, 10% 400% 125 20 8% Nun 300% 100 15 6% 75 200% 10 4% 50 100% 25 ° 2% ) 0) 0% 0% 99000102030405060708091.0111.2131415 9900010203040506070809101