Slide 1: January–September 2021 Interim Report
January–September 2021 Interim Report Sixth consecutive quarter of net sales growth, with Business Area Vita as the main driver in Q3
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
Slide 3: Highlights of quarter
Highlights of quarter SIXTH CONSEQUTIVE SUPPLY CHAIN OUTLOOK UPDATE TO QUARTER OF NET CHALLENGES UPGRADED ON ONGOING SALES GROWTH SUCCESSFULLY OCTOBER 13 PROGRAMS MITIGATED PROVIDED ⓒ Fiskars Group 29.7.2021 3
Slide 4: Fiskars Group comparable net sales in Q3 2021
Fiskars Group comparable net sales in Q3 2021 NET SALES, EURm NET SALES BRIDGE, EURm Change +9.4% Comparable change* +10.0% 400 Change +17.3% 4.5 -0.2 291.8 308 313 307 22.5 -0.4 302 292 300 280 267 249 256 266.7 -1.3 0.0 200 100 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 FX Divest- BA BA BA Other Q3 2019 2019
Slide 5: Fiskars Group comparable EBITA in Q3 2021
Fiskars Group comparable EBITA in Q3 2021 COMPARABLE EBITA, EURm COMPARABLE EBITA MARGIN Change -3% Change +184% 49.9 49.8 50 44.8 18% 16.5% 39.3 15.9% 40 38.0 16% 35.1 14.7% 14.6% 30 28.6 14% 13.0% 12% 11.4% 18.9 10.2% 20 13.4 10% 10 7.4% 8% 0 5.4% 6% -6.2 -3.1 -7.0 -1.1 -0.1 -2.7 -0.7 -2.9 0.6 -10
Slide 6: Outlook for 2021 upgraded on October 13, 2021
Outlook for 2021 upgraded on October 13, 2021 The company expects the comparable EBITA for 2021 to be in the range of EUR 160–170 million. The seasonality of both trade and consumer demand may continue to differ from a typical year Challenges in global supply chains. Higher prices of raw materials,
Slide 7: Investing in growth
Investing in growth Appr. 50 new positions to support our Digital growth initiative Consumer experience Update on The Growth strategy to be provided at Capital Markets Day on November 9, 2021 ⓒ Fiskars Group 29.7.2021 7
Slide 8: Consumer everyday
Consumer everyday Moomin partnership Collaboration with U.S. crafts Moomin Day retailer JOANN Fabrics to roll out a “Fiskars Tool Shop” ⓒ Fiskars Group 29.7.2021 8
Slide 9: Progress in sustainability
Progress in sustainability Reduced waste to landfill Products from recycled materials 2030 target: to have all waste from 2030 target: the majority of our net sales our own manufacturing units and will come from circular products and distribution centers recovered or services. recycled with zero was
Slide 10: Q3 2021
Q3 2021 ⓒ Fiskars Group
Slide 11: Consolidated income statement
Consolidated income statement EURm Q3 2021 Q3 2020 Change 2020 Gross profit margin increased Net sales 291.8 266.7 9 1,116.2 • Improved mix (Vita) Cost of goods sold -169.2 -157.1 -8 -664.1 • Increased cost of raw materials, energy and logistics mostly offset by price Gross profit 122.6 109.6 12 452
Slide 12: Vita in Q3 2021
Vita in Q3 2021 Net sales, EURm Comparable EBITA, EURm Comparable change* Change vs. Q3 19: +20.2% +14% 200 60 25% 22.1% 171.1 19.8% 20% 150 133.8 40 37.8 117.6 115.6 111.0 108.2 13.2% 15% 12.1% 100 11.5% 26.6 10% 8.0% 20 14.7 14.0 50 12.5 9.4 5% 0 0 0% Q3 2019 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 202
Slide 13: Terra in Q3 2021
Terra in Q3 2021 Net sales, EURm Comparable EBITA, EURm Comparable change* Change vs. Q3 19: -0.3% +17% 200 60 25% 157.1 20.5% 148.7 20% 150 40 113.1 111.5 32.2 15% 95.1 97.8 11.8% 100 12.5% 10% 7.8% 18.6 20 6.8% 50 13.4 5% 7.7 7.6 0.1% 0.1 0 0 0% Q3 2019 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q3 2
Slide 14: Crea in Q3 2021
Crea in Q3 2021 Net sales, EURm Comparable EBITA, EURm Comparable change* Change vs. Q3 19: +11.0% +30% 60 25 40% 50 34.2% 45.6 35% 43.5 20 41.5 42.2 27.7% 30% 40 26.0% 35.0 35.9 14.2 23.6% 25% 15 30 19.6% 18.0% 11.7 11.9 20% 10 8.5 8.5 20 15% 6.3 10% 5 10 5% 0 0 0% Q3 2019 Q3 2020 Q4 2020 Q1 2021 Q
Slide 15: Net sales by geography in Q3 2021
Net sales by geography in Q3 2021 Comparable EURm Q3 2021 Q3 2020 Change change* Europe 143.8 121.3 18.6% 17.8% Americas 106.0 112.9 -6.1% -4.5% Asia-Pacific 42.0 35.6 18.1% 18.7% Unallocated** -0.1 -3.2 *Excluding the impact of exchange rates, acquisitions and divestments **Geographically unallocat
Slide 16: Cash Flow: Q3 Free Cash Flow 39.5 EURm
Cash Flow Ι Q3 Free Cash Flow 39.5 EURm, down 59 EURm vs. LY due to inventory driven NWC growth. Total liquidity remained solid. DISTRIBUTABLE CASH FLOW (EURm) CHANGE IN LIQUIDITY (EURm) Q3 Q3 2021 2020 vs. LY 2021 2020 vs. LY EBITDA 51.0 50.6 0.4 Cash Balance, period opening 26.0 177.4 - 151.4 Chan
Slide 17: Balance Sheet: Trade working capital up vs. LY
Balance Sheet Ι Trade working capital up 62 EURm vs. LY. Balance sheet continued strengthening – net debt down 78 EURm vs. LY CAPITAL EMPLOYED (EURm) FINANCING (EURm) Sep 2021 Sep 2020 Change Dec 2020 Sep 2021 Sep 2020 Change Dec 2020 GW and other intangible 486.3 495.7 - 9.4 481.9 Equity 792.7 743.
Slide 18: Net debt decreased significantly from the previous year's level
Net debt decreased significantly from the previous year ’s level EQUITY RATIO AND NET GEARING NET DEBT (EURm) 70% 60% 57 % 58 % 350 331 55 % 56 % 56 % 54 % 317 51 % 51 % 49 % 300 290 50% 44 % 261 42 % 38 % 250 40% 214 34 % 200 180 29 % 30% 25 % 144 145 150 136 19 % 19 % 20% 17 % 100 10% 50 0% 0 Q3 Q
Slide 19: Update on programs provided on October 27, 2021
Update on programs provided on October 27, 2021 Targeted cost savings will be realized Costs will be significantly lower than • Transformation program app. EUR 17 million originally anticipated • Originally anticipated to be a total of EUR 70 million • Restructuring program app. EUR 20 million • Tra
Slide 20: Making the everyday extraordinary
Making the everyday extraordinary ⓒ Fiskars Group 29.7.2021 20