Slide 1: Fodelia's Business Review 2023
. Fodelia’s Business Review 2023 CEO Mikko Tahkola and CFO Kati Kokkonen
Slide 2: The Group's business developed very well in Q3
The Group's business developed very well in Q3 • Net sales increased by 12% in July–September, while earnings before interest and taxes increased by more than six times compared to the corresponding period in 2022 • Growth of Feelia and Marjavasu continued at a strong pace • Fodelia Retail focused o
Slide 3: Highlights of the interim report
Highlights of the interim report • The Group's business developed very well in Q3 • The Group's net sales grew by 12% in July–September and were the second highest in the Group's history • In particular, the Group's profitability development gave reason for satisfaction • The Group's EBIT increased
Slide 4: Group's net sales grew by 20.3% during January-September
Group’s net sales grew by 20.3% during January-September Summary for January-September 2023 • Net sales for the period grew by 20.3% and amounted to EUR 36,507 thousand (30,355 thousand). • EBITDA for the period was EUR 3,448 thousand (1 869 thousand) or 9.4% of net sales (6.2%). • EBITA for the per
Slide 5: Group's net sales development
Group’s net sales development • Net sales during Q3 were the second highest in group’s history Group net sales development quarterly Net sales development quarterly 14 000 000 14000000 12 000 000 12000000 10 000 000 10000000 8 000 000 8000000 6 000 000 6000000 4 000 000 4000000 2 000 000 2000000 0 0
Slide 6: Group's EBIT development
Group’s EBIT development • Group’s EBIT during Q3 increased by more than six times compared to the corresponding period in 2022 Group’s EBIT quarterly 2022-2023 1 200 000 Group’s EBIT development quarterly 1 200 000 1 000 000 1 000 000 800 000 800 000 600 000 600 000 400 000 400 000 200 000 200 000
Slide 7: Key figures
Key figures Group 7–9/23 7–9/22 Change % 1–9/23 1–9/22 Change % 1–12/22 Net sales in thousands of euros 12,249 10,923 12.1 36,507 30,355 20.3 41,621 EBITDA in thousands of euros 1,500 593 152.9 3,448 1,869 84.5 2,870 % of net sales 12.2 5.4 9.4 6.2 6.9 EBITA in thousands of euros 1,101 240 358.5 2,3
Slide 8: Fodelia's businesses
Fodelia’s businesses • Concentrates on retail customers and (50 %) • Offers ready-to-eat meals meal • Marjavasu (Delimax) consumer business services produces juices and purees • Factories in Pyhäntä, Salo and • Feelia operates in growing Jokioinen • Juice factory in Kuopio Foodservice market • In ad
Slide 9: Feelia's sales have developed well
Feelia's sales have developed well • The focus of Feelia’s net sales has shifted increasingly to care sector customers • Feelia's external net sales grew by 21.3% in January–September and by 14.9% in July–September • During the review period, Feelia made significant headway in the daycare centre mar
Slide 10: Fodelia's solutions for public food services
Fodelia’s solutions for public food services 1 Single products from Feelia 2 Outsourcing food preparation to Feelia 3 Outsourced service including food and staff from Fodbar Finnish vitality and growth
Slide 11: Municipal savings are expected to create new demand for food services
Municipal savings are expected to create new demand for food services Fodelian foodservice-market in Finland in numbers* Day care, school and student meals • Number of customers: about 1.6 million customers per day • Number of meal: about 350 million meals per school year (10 months) • Market size:
Slide 12: Over 230,600 children participated in children's day care in 2021
In Finland over 230 600 children participated in children’s day care in 2021 • 80% of those children participated in public day care • 13% of those participated in pricate day care • The amount of children who attend the private day care has grown fast in recent years Source: https://www.stat.fi/jul
Slide 13: In Fodelia Retail, the focus has been on measures to improve profitability
In Fodelia Retail, the focus has been on measures to improve profitability • The subsidiary is carrying out a cost adjustment programme • Demand for potato crisps has remained strong, and the crisp production plant set a new unit net sales record in September • Real Snacks' plant in Pyhäntä achieved
Slide 14: Fodelia Retail's net sales in January-September increased by 3.3%
Fodelia Retail's net sales in January-September increased by 3.3% • Net sales of Fodelia Retail's • The net sales of the online store • Net sales of processed snacks business increased by (Feelia Ruokakauppa) decreased meat products and pita 25.7% in January–September by 27.6% in January–September,
Slide 15: Other units
Other units Marjavasu • The company's business has grown steadily, and profitability has remained at a very positive level • The company is investing in new production machinery Fodbar • The business of the Fodelia’s and Bravedo’s joint venture Fodbar has continued to grow, and operations have been
Slide 16: Riikka Wulff nominated as CEO of Fodelia Retail Oy
Riikka Wulff has been nominated as CEO of Fodelia Retail Oy and a member of Fodelia’s management team • Riikka Wulff has sarted as a CEO of Fodelia Retail Oy from today November 1 2023 • Fodelia Retail’s former CEO Sanna Kittelä will continue her career in Fodelia Group as a director of Fodelia Reta
Slide 17: Long-term targets and outlook for 2023
Long-term targets and outlook for 2023 Long-term targets Dividend policy • The Group’s net sales in 2026 are over EUR 100 million Fodelia strives to distribute at least 35% of its • The Group’s operating margin is approximately 8-10% earnings as dividends to shareholders. • The group’s return on inv
Slide 18: Priorities in 2023 – check up
Priorities in 2023 – check up Improving the profitability Increasing the of Fodelia Retail and amount of establishment of the knowledge-based organization management Ensuring Feelia’s growth Recognizing and utilizing new growth possibilities and increasing Feelia’s especially in public food profitab
Slide 19: Fodelia's Strategy
Fodelia’s Strategy LN ‘ Ls Supporting the growth of our subsidiaries’ business by giving them possibilities to invest and by offering competence and best practices to use ‘The most wanted and the most successful innovator of food industry N 1 ‘Owning viable \ companies in 1 the food industry and dev
Slide 20: We grow Finnish food industry companies into success stories
”We grow Finnish food industry companies into success stories. Our goal is to be the most wanted and most successful innovator of food industry”
Slide 21: Q&A
Q&A
Slide 22: Thank you!
Thank you! Contact details: mikko.tahkola@fodelia.fi Mobile phone +385 408 290 195