Slide 1: Rapala VMC Corporation Full Year 2019
RAPALA VMC CORPORATION FULL YEAR 2019
Slide 2: Sales and profitability grew from last year
SALES AND PROFITABILITY GREW FROM LAST YEAR NET SALES (MEUR) 253,3 262,4 275,4 2017 FY 2018 FY 2019 FY * FX comparable change: +3,3% (+8,7 MEUR) * Stable growth from most regions and both segments + EPS is 0,10 EUR (0,13) RAPALA VMC CORP. COMPARABLE OPERATING PROFIT (MEUR) 16,7 17.8 11,4 2017 FY © 2
Slide 3: Sales growth in North America and Europe
SALES GROWTH IN NORTH AMERICA AND EUROPE 2018 FY 95,4 2019 FY 104,2 NORTH AMERICA * FX comparable change: +4,1% (+4,1 MEUR) * The Group is very well positioned with all major customers and all retail channels in North America RAPALA VMC CORP. 2018 FY 2019 FY 2018 FY 2019 FY NORDIC * FX comparable ch
Slide 4: • 185,2 168,8 174,6 • 84,5 87,8 90,2 • 19,5 17,2 13,0 • -1,6
• 185,2 168,8 174,6 • 84,5 87,8 90,2 • 19,5 17,2 13,0 • -1,6 -0,5 -1,6 4
Slide 5: Cash flow and working capital
CASH FLOW AND WORKING CAPITAL * Total working capital was 110.4 MEUR * Several actions in supply chain management are yielding results * Cash flow from operations at a high level of 25.9 MEUR * As contrary to previous year cash was released from inventories and accounts receivables * The application
Slide 6: Financial position
FINANCIAL POSITION * Liquidity position of the Group was good. Undrawn committed long-term credit facilities amounted to 29.9 MEUR. * The application of IFRS 16 accounting standard increased interest-bearing debt by 13.5 MEUR. Excluding the IFRS 16 impact, net debt reduced from 70.3 MEUR to 61.1 MEU
Slide 7: Execution of Group strategy proceeding
EXECUTION OF GROUP STRATEGY PROCEEDING Competitive e Brand t 2 pntioun ag 3 } Research and 4 | Broad own distribution advantages portfolio established sourcing development network and strong channels capabilities local presence Unique compe e advantages form oundation for Rapala’s strategy Organic g
Slide 8: Short-term outlook and guidance
SHORT-TERM OUTLOOK AND GUIDANCE * Market outlook for Group Products in North America is positive and the Group sees continued healthy consumer demand for its products via old and new channels. Furthermore, the Group’s position with major customers in North America is strong. In Europe the execution
Slide 9: Appendices
APPENDICES RAPALA VC CORP.
Slide 10: Key figures
KEY FIGURES MEUR 2019 FY 2018 FY Net sales 275,4 262,4 Operating profit 13,4 14,8 Operating profit, % of net sales 49% 5,6 % Comparable operating profit 17,8 16,7 Comparable operating profit, % of net sales 6,5 % 6.4% Net profit for the period 4,1 6,5 EPS (basic), EUR 0,10 0,13 Cash flow from operat
Slide 11: Geographical net sales
GEOGRAPHICAL NET SALES NORTH AMERICA NORDIC (MEUR) (MEUR) 104,2 99,2 d 01,3 30.4 95,4 i ; : ; ; } ; } 2015FY 2016 FY += 2027 FY =. 2018 FY ~— 2019 FY 2015FY 2016 FY += 2027 FY =. 2018 FY ~— 2019 FY REST OF EUROPE REST OF THE WORLD (MEUR) (MEUR) 86,9 81,3 76 78,4 81,3 ; ; ; I : : ; ; 2015FY 2016 FY =
Slide 12: Profit and loss statement
PROFIT AND LOSS STATEMENT MEUR 2019 FY 2018 FY Net sales 275,4 262,4 Other operating income 2,2 0,9 Materials and services 131,2 121,7 Personnel expenses 71,6 68,8 Other costs and expenses 48,6 50,4 Share of results in associates and joint ventures -0,2 0,0 EBITDA 26,0 22,4 Depreciation, amortizatio
Slide 13: Balance sheet
BALANCE SHEET ASSETS Non-current assets Intangible assets 75,5 74,5 Property, plant and equipment 26,9 29,5 Right-of-use asset 13,3 Non-current assets Interest-bearing 7,8 0,0 Non-interest-bearing 9,2 5,8 132,8 109,8 Current assets Inventories 92,6 99,4 Current assets Interest-bearing - - Non-intere
Slide 14: Rapala VMC
6,0 5,6 5,2 4,8 4,4 4,0 3,6 3,2 2,8 2,4 2,0 12/14 12/15 12/16 12/17 12/18 12/19 Rapala VMC 14