Slide 1: Amer Group Results for the 2000 Financial Year
Amer Group Results for the 2000 Financial Year The best year ever for Amer Group
Slide 2: Highlights
Highlights 2000 1999 Ch Net sales Rolling 12 months (MEUR) Net sales 1086.6 825.7 + 32% (MEUR) 1100 1086.2 EBIT 94.9 58.5 + 61% 1022.1 1000 946.6 EBT 77.5 43.5 + 77% 896.3 900 825.7 EPS 2.70 1.72 + 56% 798.3 (EUR) 800 766.8 753.1 745.5 700 Equity ratio 47.4% 43.9% I I /I /I /II /II /IV /IV /IV /II /
Slide 3: The year in brief
The year in brief Amer is now one of the most profitable sporting equipment companies in the world Largest improvement in Winter and Team Sports Integration of Suunto and DeMarini progressed well Fastest growing product categories Diving instruments + 80% Wristop computers + 40% Alpine skis + 25% Al
Slide 4: Financial review
AMER GROUP Financial review Pekka Paalanne CFO
Slide 5: Profit and loss statement
Profit and loss statement 2000 1999 % Net sales 1086.6 825.7 32% EBITDA 143.7 91.5 57% EPS EBIT 94.9 58.5 62% Rolling 12 months (EUR) - Net financials -17.4 -15.0 16 % 3 2,73 2,7 EBT 77.5 43.5 78 % 2,5 2,24 Extraordinary - - - 2,06 Taxes -11.6 -1.9 ** 2 1,72 1,5 1,2 NET 65.8 41.8 57 % 1 0,64 0,5 0,1
Slide 6: Net sales increased by 32 %
Net sales increased by 32 % 2000 1999 % Net sales by division Total 1086,6 825,7 32% Golf 257.5 224.9 14% Tobacco Teletekno Racquet 264.7 225,1 18% 9% 3 % Golf O&S 23 % Team 194.1 143.1 36% 7% Winter sports 177.0 139.1 27% Racquet Winter 16 % 24 % Outdoor & 70.2 59.9 17 % sport instruments Team 18 %
Slide 7: EBIT increased by 62 %
EBIT increased by 62 % 2000 1999 % Total 94.9 58.5 62% Golf 13.2 13.9 -5% EBIT Rolling 12 months (MEUR) Racquet 26.6 24.7 8% Team 15.6 8.1 93 % 92,5 94,9 75,4 Winter sports 38.3 16.7 129 % 80 67,9 60 49,1 58,5 Outdoor & 8.2 3.4 141 % 36,3 sports instruments 40 22,3 29,9 20 Tobacco 9.3 9.6 -3 % 0 98/
Slide 8: Balance Sheet
Balance Sheet 2000 1999 Fixed assets 448.6 417.9 Inventories 161.3 141.7 Receivables 282.0 245.8 Equity ratio and Cash etc. 40.6 69.8 gearing (%) Equity 448.8 384.3 60 Int. bearing debt 195.3 221.5 50 - long term 127.7 119.6 40 - short term 67.6 101.9 30 Acct payable 78.5 69.6 20 Other liabilities 2
Slide 9: ROCE
ROCE Rolling 12 months ROCE (% ) 1998-2000 20 18 16,7 16,1 16 14,4 13,5 14 12,1 12 10,1 10 8 7,1 5,7 6 4,1 4 2 0 /IV /IV /IV /I /I I I /II /II /II /II 99 00 99 00 98 99 00 99 00
Slide 10: ROE
ROE Rolling 12 months 18 16.8 16.1 16 14.7 14 13.2 12 11.4 10 8.3 8 6 4.5 4 3.3 2 0.7 0 /II /II /IV /IV /IV /I /I I I /II /II 99 00 99 00 98 99 00 99 00
Slide 11: Business review
AMER GROUP Business review Roger Talermo CEO
Slide 12: Winter sports
A ATomic Winter sports ? AMER
Slide 13: Atomic
Atomic 2000 1999 Ch Net Net sales and EBIT sales 177.0 139.1 27% Rolling 12 months EBIT 38.3 16.7 129% 200 50 180 40 160 Other 140 30 Boots 9 % 120 20 Net sales 7% 100 Snowboards 80 10 EBIT 4% 60 0 40 Bindings -10 20 15 % 0 99 I -20 /II /IV /IV /IV /I /I I I /I /II /II 99 00 XC Ski 99 00 98 99 00 00
Slide 14: Atomic
Atomic Unit sales Skis • Alpine ski sales exceeded expectations 900 • Increasing market share 800 700 • Successful new products 600 • Good market conditions 500 400 300 • Enhanced internal efficiency and 200 100 controlled fixed costs 0 1996 1997 1998 1999 2000 Bindings • Successful launch of Atomic
Slide 15: Game improvement products
Game improvement products Beta 4 Power channels positioned closer to the edge for higher stability and more power Bridge guarantees the fullflex function for maximum ski performance
Slide 16: Outdoor and sports instruments
Outdoor and sports instruments
Slide 17: Suunto
Suunto 2000 1999 Ch Net • Major reorganisation in 2000 sales 70.2 59.9 17% • New strategy based on sports-specific products EBIT 8.2 3.4 141% • Organisation renewed • R&D strengthened significantly • Several new product introductions • Metron wristop • Escape handheld device • Yachtsman and Mariner
Slide 18: Game improvement products
Game improvement products Observer (Feb ‘01) 40 % smaller than current wristops Altitude resolution of 1m, waterproof until 100 m Quick access button tells cumulative ascent and number of runs for skiers Titanium and stainless steel casing for toughest challenges
Slide 19: How Suunto will grow
How Suunto will grow • Significant investments in R&D • New products/product platforms • Observer Feb ‘01 • Co-operation with Fastrax on INFORMATION TECHNOLOGY IN SPORTS EQUIPMENT GPS products Environment • Combine Suunto’s knowledge in electronics with Atomic’s and Wilson’s knowledge in sports Acti
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Slide 21: Wilson
Wilson 2000 1999 Ch Net Net sales and EBIT sales 716.3 593.1 21% Rolling 12 months EBIT 55.4 46.7 19% 800 60 700 50 600 40 500 Net sales 400 30 EBIT 300 20 200 10 100 0 0 /II /II /I /I IV /IV /IV I I /II /II 99 00 99 00 / 98 99 00 99 00
Slide 22: Golf
Golf 2000 1999 Ch Net sales 257.5 224,9 14% • Global golf equipment market stabilised EBIT 13.2 13.9 - 5 % • Competition continued to be tight especially in the US golf ball market Other • Wilson golf clubs up, golf balls down Bags & 4% gloves 10 % • New product introductions should help Clubs 45 %
Slide 23: Game improvement products
Game improvement products iWound Injection molded wound structure over solid core Combines the distance and durability of a solid ball and the feel and spin of a wound ball
Slide 24: Game improvement products
Game improvement products Deep Red driver Pro Lite .480 diameter fat shaft provides lower torque for stability on off-center hits Unique head design has a thin face that just barely conforms to USGA standards
Slide 25: Racquet Sports
Racquet Sports 2000 1999 Ch Net • Tennis market in 2000 mixed sales 264.7 225.1 18% • Growth in US • Decline in Germany and Japan EBIT 26.6 24.7 8% • Wilson maintained clear lead in tennis • Growth in low price point tennis racquets indicates increased number of new players Tennis Other Racquets 17
Slide 26: Game improvement products
Game improvement products Rollers First tennis racquet with moving parts Maximum energy transfer by string movements Increased power and extended sweet spot Enhanced feel & comfort