Slide 1: Annual General Meeting May 11, 2016
Arne Frank, CEO Annual General Meeting May 11, 2016
Slide 2: Agenda
Agenda Important events 2015 Full year 2015 First quarter 2016 2 The Co-Development Company
Slide 3: Important events 2015
Important events 2015 AAKtion CSR Acquisitions and partnerships Product development 3 The Co-Development Company
Slide 4: The first choice for value-adding vegetable oil solutions
The first choice for value-adding vegetable oil solutions SALES INNOVATION EXECUTION Sales Innovation Service Customer co-development Quality Productivity PEOPLE Ahead of plan According to plan Behind plan 4 The Co-Development Company
Slide 5: AAK's policy for sustainable palm oil
AAK’s policy for sustainable palm oil Continued strong progress Strong growth of RSPO certified palm oil volumes 100% traceability to mills since end of 2014 Very focused control to ensure that AAK only procures palm oil produced without deforestation or destruction of peatlands This is driven and c
Slide 6: Global footprint and leading positions
The Co-Development Company Talented More than 2,700 Employees Production and 19 Customization plants 25 Sales companies Sales in 100 countries Global footprint Leading positions 6 The Co-Development Company
Slide 7: Growth market ambition
Growth market ambition* 7 The Co-Development Company
Slide 8: Investing for future growth
Investing for future growth SEK million 8 The Co-Development Company
Slide 9: AAK investing in Brazil
AAK investing in Brazil New speciality and semi-speciality edible oils factory in Jundiaí, São Paulo, Brazil Investment of approx. SEK 400 million The factory will strengthen our ability to locally supply Bakery and Dairy solutions as well as further develop our Chocolate & Confectionery Fats busine
Slide 10: AAK investing in China
AAK investing in China New speciality and semi-speciality edible oils factory in Zhangjiagang The region has the highest GDP per capita in mainland China The investment is expected to amount to approx. SEK 400 million over a two-year period Fully utilized the factory will increase AAK’s total capaci
Slide 11: AAK has acquired the assets of Belgian nutritional ingredient supplier
AAK has acquired the assets of Belgian nutritional ingredient supplier AAK has restarted the operations of TLC (part of the BNLfood Group) Specialized in extracting phospholipids from egg yolk Phospholipids extracted from egg yolk offer additional benefits when included in nutrition formulas and rei
Slide 12: Acquisition of 51% of Kamani Oil Industries
Acquisition of 51% of Kamani Oil Industries - Leading company within speciality and semi-speciality fats in India Annual volume of 100,000 MT Revenues of approx. SEK 1,000 million in 2014 Factory 70 km from Mumbai Administration and sales office in Mumbai Technical expertise and customer co-developm
Slide 13: Partnership established in Japan
Partnership established in Japan AAK has established a partnership with Miyoshi Oils & Fats Co. by forming a new company, AAK Miyoshi JP This is particularly interesting for the Chocolate & Confectionery Fats and Bakery segments AAK will own 70 percent of the new company and the other 30 percent wil
Slide 14: Product development – Food Ingredients
Product development – Food Ingredients AKOPASTRY HP 400 & 200 High performance puff pastry solutions Main value proposition: reduced costs Better lamination structure Better health claims Akomix LS 25 – ice cream products Good nutritional profile Product with low amount of saturated fat, only 25% No
Slide 15: TROPICAO: A tropical revolution in chocolate production
TROPICAOTM A tropical revolution in chocolate production
Slide 16: Full year 2015
Full year 2015 The Board of Directors and the CEO propose a dividend increase by SEK 1.00 from SEK 6.75 to SEK 7.75 per share * Excluding acquisition costs and non-recurring items 16 The Co-Development Company
Slide 17: Food Ingredients
Food Ingredients 17 The Co-Development Company
Slide 18: Chocolate & Confectionery Fats
Chocolate & Confectionery Fats 18 The Co-Development Company
Slide 19: First quarter, 2016
First quarter, 2016 Volume +5% ’000 MT 467 (443) Organic 0% Sales 4,963 (4,836) +3% SEK million EBIT 381 (321) +19% SEK million EBIT per kilo SEK 0.82 (0.72) +14% EPS SEK 5.56 (5.11) +9% Net debt 2,279 (2,170) +5% SEK million 19 The Co-Development Company
Slide 20: Food Ingredients Q1 2016
Food Ingredients Q1 2016 Organic volume growth Operating profit Operating profit per kilo -3% +17% +12% Operating profit improved to SEK 229 million (195) The Bakery segment had a challenging quarter globally with negative volume development The Dairy segment continued the strong trend from the seco
Slide 21: Chocolate & Confectionery Fats Q1 2016
Chocolate & Confectionery Fats Q1 2016 Organic volume growth Operating profit Operating profit per kilo +11% +17% +0% Operating profit improved and reached SEK 159 million (136) After two years of deteriorating market conditions in Russia and Ukraine, the first quarter showed strong growth, but from
Slide 22: Management ambition, 2010–2016
Management ambition, 2010–2016* Changes since 2010 Acquisitions Organic growth Larger investments in organization for Productivity organic growth, China and Brazil Operating profit 2010 Increased investments in R&D 400 Situations in Russia and Ukraine 400 800 800 * As expressed at the Capital Market
Slide 23: Concluding remarks from the CEO
Concluding remarks from the CEO Based on AAK’s customer value propositions for health, reduced costs, customer product co-development and solutions approach we continue to remain prudently optimistic about the future The main drivers are the expecting continued positive underlying development for Fo
Slide 24: www.aak.com
www.aak.com