Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Q3 2020 Earnings Presentation

20 slides from Fiskars Oyj Abp's earnings presentation, Oct 30, 2020

  1. Slide 1: Interim report January–September 2020

    Interim report January–September 2020 Strong progress during the third quarter driven by exceptionally good demand in several categories as well as savings actions Fiskars Group Q3 2020

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward- looking statements are reasonable, no a

  3. Slide 3: Highlights of the quarter

    Highlights of the quarter GOOD STRONG DEMAND SHORT AND LONG- STRONG CASH OUTLOOK PROGRESS IN IN TWO OUT OF TERM SAVINGS FLOW, PARTLY REINSTATED ON THE QUARTER THREE BA’S DRIVING INCREASE SUPPORTED OCTOBER 13 IN EBITA IN ALL BY TIMING BA’S Fiskars Group Q3 2020 30.10.2020 3

  4. Slide 4: Fiskars Group comparable net sales

    Fiskars Group comparable net sales in Q3 2020 NET SALES, EUR MILLION NET SALES BRIDGE, EUR MILLION Comparable change* +9.5% 400 Change +7.2% 7.1 0.0 266.7 324 308 20.8 300 280 266 273 269 265 267 256 249 256 248.7 -5.1 0.0 -5.0 200 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 FX Divest- BA BA BA Other

  5. Slide 5: Fiskars Group comparable EBITA

    Fiskars Group comparable EBITA in Q3 2020 COMPARABLE EBITA, EUR MILLION COMPARABLE EBITA MARGIN Comparable EBITA* +192% 48.8 50 16% 15.1% 14.7% 39.3 40 35.1 14% 28.6 12% 11.4% 30 27.0 25.9 10.6% 23.6 9.7% 22.3 10% 8.9% 10.2% 18.9 8.2% 20 16.1 8% 13.4 6.1% 7.4% 10 6% 5.4% 4% 0 -1.6 -2.1 -0.3 -5.2 -5.

  6. Slide 6: Vita

    Vita in Q3 2020 Comparable change* Q3 Q3 Q1-3 Q1-3 EUR million Change Change 2019 -4.3% 2020 2019 2020 2019 Net sales 111.0 117.6 -5.6% 285.5 329.1 -13.3% 500.8 171.6 Comparable EBITA 14.7 9.4 56.7% 3.2 11.8 -72.9% 38.8 117.6 Capital expenditure 5.1 3.7 38.9% 10.7 12.5 -14.5% 18.3 111.0 93.6 80.9 Co

  7. Slide 7: Terra

    Terra in Q3 2020 Comparable change* Q3 Q3 Q1-3 Q1-3 EUR million Change Change 2019 22.6% 2020 2019 2020 2019 Net sales 113.1 95.1 18.9% 396.0 347.1 14.1% 442.9 153.7 Comparable EBITA 13.4 0.1 59.9 33.4 79.3% 36.2 129.3 113.1 Capital expenditure 2.7 4.3 -37.2% 7.0 11.1 -36.3% 16.6 95.1 95.7 Comparabl

  8. Slide 8: Crea

    Crea in Q3 2020 Comparable change* Q3 Q3 Q1-3 Q1-3 EUR million Change Change 2019 20.7% 2020 2019 2020 2019 Net sales 41.5 35.0 18.7% 118.5 103.4 14.7% 142.9 44.8 39.5 41.5 Comparable EBITA 14.2 6.3 125.4% 32.5 20.0 63.0% 28.0 35.0 32.3 Capital expenditure 0.3 0.4 -9.7% 1.1 0.7 60.7% 0.9 Comparable

  9. Slide 9: Net sales by geography

    Net sales by geography in Q3 2020 Comparable net sales in Europe increased EUR million Q3 2020 Q3 2019 Change Comparable 2019 • Driven by the Terra and Crea segments change* Europe 121.3 114.3 6.1% 6.5% 518.9 • Increased particularly in Continental Europe Americas 112.9 100.4 12.5% 17.1% 427.5 and S

  10. Slide 10: Fiskars Group commits to climate action by joining the UN Business Ambition for 1.5°C

    Fiskars Group commits to climate action by joining the UN Business Ambition for 1.5°C and setting science-based targets Fiskars Group’s science-based targets are: 1. Fiskars Group commits to reduce greenhouse gas emissions from own operations (scope 1 and 2) 60% by 2030 from a 2017 base year. 2. Fis

  11. Slide 11: Marketing highlights

    Marketing highlights in Q3 2020 • Wedgwood opened a new concept store in a luxury mall in Shenzhen, China • Royal Copenhagen’s best-selling series Blue Fluted Mega series celebrates its 20th anniversary • Gerber launched the Randy Newberg Signature Series of hunting knives • With the Fiskars brand,

  12. Slide 12: Consolidated income statement

    Consolidated income statement EUR million Q3 2020 Q3 2019 Change, 2019 Gross profit margin increased % • Positive product mix in Vita Net sales 266.7 248.7 7 1,090.4 Cost of goods sold -157.1 -155.1 -1 -643.1 Cost-cutting visible in SG&A items Gross profit 109.6 93.6 17 447.3 Gross profit margin 41.

  13. Slide 13: Update on programs

    Update on programs Transformation program, targeted annual Restructuring program, targeted annual cost savings app. EUR 17 million cost savings app. EUR 20 million • Subject to the full implementation of the program • Subject to the full implementation of the program • Targeted cost savings would be

  14. Slide 14: Earnings per share (EUR)

    Earnings per share in Q3 2020 (EUR) 0.34 0.33 0.33 0.26 0.21 0.14 0.12 0.06 0.04 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Fiskars Group Q3 2020 30.10.2020 14

  15. Slide 15: Cash flow increased from previous year’s level

    Cash flow increased from previous year’s level CASH FLOW FROM OPERATING ACTIVITIES BEFORE WORKING CAPITAL, EUR MILLION FINANCIAL ITEMS AND TAXES, EUR MILLION 250 300 258 264 250 242 241 200 232 226 197 194 150 200 172 100 150 50 116 92 85 100 48 56 41 0 11 50 -26 -38 -50 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

  16. Slide 16: Balance sheet

    Balance sheet EUR million Q3 2020 Q3 2019 2019 Significant year-over-year deviations in inventories and trade payables, stemming from Goodwill and other intagible assets 495.7 508.4 508.2 the sales development Other non-current assets 345.9 378.6 382.5 Inventories 205.3 246.5 232.1 Cash maintained a

  17. Slide 17: Net debt decreased clearly

    Net debt decreased clearly NET DEBT, EUR MILLION EQUITY RATIO AND NET GEARING 350 331 322 317 80% 69 % 70 % 300 290 70% 278 65 % 261 250 60% 56 % 55 % 56 % 214 51 % 51 % 204 49 % 50% 44 % 200 42 % 37 % 38 % 40% 34 % 150 135 29 % 30% 26 % 100 20% 16 % 11 % 50 10% 0 0% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4

  18. Slide 18: Outlook reinstated on October 13

    Outlook reinstated on October 13 In 2020, Fiskars expects the comparable EBITA to increase from 2019. Fiskars Group Q3 2020 30.10.2020 18

  19. Slide 19: Long-term financial targets unchanged

    Long-term financial targets unchanged GROWTH PROFITABILITY CAPITAL STRUCTURE DIVIDEND The average annual net sales EBITA margin Net gearing* below 100% Fiskars aims to distribute a growth to exceed 5%, through a to reach 12% stable, over time increasing combination of organic growth dividend, to be

  20. Slide 20: Making the everyday extraordinary

    Making the everyday extraordinary

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