Aak Ab · OMXSTO:AAK
Aak Ab — Shareholder Meeting (May 2022)
20 slides from Aak Ab's shareholder meeting presentation, May 18, 2022
Slide 1: AAK Annual General Meeting
AAK Annual General Meeting Johan Westman, President and CEO May 18, 2022 The Co-Development Company
Slide 2: Forward-looking statements
Forward-looking statements This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements i
Slide 3: AAK's vision is to be the first choice for plant-based oil solutions
AAK’s vision is to be the first choice for plant-based oil solutions – in industries where we choose to specialize Chocolate & Confectionery Fats Plant-based Foods Special Nutrition Bakery Dairy Personal Care Foodservice Technical Products & Feed The Co-Development Company Annual General Meeting 202
Slide 4: AAK in the food value chain
AAK in the food value chain Raw materials from Mills, crushers* and Producer of plant- farmers/plantations refinieries* based oils and fats Food producers Retailers Consumers *Crushing and refining performed by AAK for select raw materials The Co-Development Company Annual General Meeting 2022
Slide 5: AAK - a global player in plant-based oils
AAK - a global player in plant-based oils Sourcing raw materials from all over the world 4,000 employees collaborate closely with our customers through 25 regional sales offices, 15 dedicated Customer Innovation Centers and more than 20 production plants around the world Net sales SEK 35.5 Adjusted
Slide 6: Three business areas
Three business areas Food Ingredients Chocolate & Confectionery Fats Technical Products & Feed • A global key supplier to different food • Market leader within functional cocoa • Sustainable business using by-products supply chains butter alternatives from speciality oils manufacturing • High value-
Slide 7: AAK and the macro-economic climate in 2021
AAK and the macro-economic climate in 2021 The world around us… …in which we navigate well, Making Better HappenTM • High uncertainty • Strong performance under difficult circumstances • Continued high raw material prices • A robust foundation, a strong financial track record • Disturbances in globa
Slide 8: Summary 2021
Summary 2021 Delivering on our growth ambition in a very dynamic year Highlights Growth and returns • We successfully handled a very dynamic year and fulfilled our financial ambition: an average annual EBIT growth of Adjusted 10 percent Volume operating profit • Operating profit for all business are
Slide 9: Key achievements 2021
Key achievements 2021 Plant-based Foods Special Nutrition Lecithin / BIC Ingredients Bakery optimization Addressing deforestation Women in Shea (WISH) The Co-Development Company Annual General Meeting 2022
Slide 10: Increased dividend driven by steadily increasing earnings per share
Increased dividend driven by steadily increasing earnings per share The Board of Directors proposes a dividend of SEK 2.50 (2.30) per share, an increase by 9% Dividend per share* Earnings per share 2,60 SEK 2.60 +9% 2.50 7.00 SEK 7,00 6.50 6,50 6.71** 2,40 2.40 2.30 6.16 6.00 6,00 5.86 2,20 2.20 2.1
Slide 11: Making Better Happen
AAK’s commitment: Making Better Happen™ for people and planet
Slide 12: Sustainability – our key progress 2021
Sustainability – our key progress 2021* Protecting biodiversity and ecosystems Enabling the well-being of our people Increasing the demand for better solutions 2025: 100% verified Updated our values and Strong growth in revenue from new deforestation-free palm leadership principles in solutions to t
Slide 13: First quarter 2022 and AAK's business ahead
First quarter 2022 and AAK's business ahead
Slide 14: AAK permanently exits its business in Russia
AAK permanently exits its business in Russia • Sensitive and difficult process initiated, focusing legal compliance and the safety of our employees. • Leave our local joint venture (JV), in which AAK holds 75 percent. The JV makes up approximately half of AAK’s volumes in Russia, or 1.5 percent of t
Slide 15: Summary Q1 2022
Summary Q1 2022 All-time high operating profit with strong development across business areas Highlights Growth and returns • Volumes grew 1 percent while operating profit increased 15 percent at fixed foreign exchange rates – Operating profit per kilo up 13 percent at fixed FX rates. Volume Operatin
Slide 16: AAK's offer
AAK’s offer We are well positioned to benefit from consumer trends Health and well-being on the rise AAK’s natural and plant-based solutions are on trend with consumer demands for health and nutrition Consumers’ increasing demand for higher quality AAK is well positioned in the speciality segment wh
Slide 17: We have a strong portfolio strategy based on different opportunity profiles by industry
We have a strong portfolio strategy based on different opportunity profiles by industry Invest in continued growth Optimize performance Chocolate & Special Bakery Dairy Foodservice Confectionery Nutrition Fats Bet for the future Maintain current strategy Health & Plant-based Natural Personal Technic
Slide 18: Continued profit growth rests on four pillars
Continued profit growth rests on four pillars Ambition of average 10% year-over-year EBIT improvement Market growth Structural growth Structural Manage growth portfolio and tap favorable Execute strategic mergers and acquisitions, consumer trends investments M&A and brownfield/greenfield greenfields
Slide 19: Concluding remarks
Concluding remarks The war in Europe, and its ripple effects, have thrown the world into new uncertainties. As an important supplier of plant-based ingredients for food and technical products, we are well positioned to manage risks and to deliver value – something we have proven in the past few year
Slide 20: Making Better Happen™
Everything we do is about Making Better Happen™ www.aak.com