Slide 1: Business Review January–March 2024
WEBCAST 24 April 2024 BUSINESS REVIEW January–March 2024 Mikko Tahkola, CEO Kati Kokkonen, CFO
Slide 2: January–March 2024 agenda
JANUARY–MARCH 2024 1 January–March highlights and financial development 2 Business development 3 Strategy and future 4 Q&A
Slide 3: January–March highlights and financial development
JANUARY–MARCH 2024 January–March highlights and financial development
Slide 4: Group business developed favourably during Q1
JANUARY–MARCH 2024 The Group's business developed favourably during Q1. Consolidated net sales increased by 17% and profitability improved significantly. NET SALES • The Group's net sales increased by 17% in January–March compared to the previous year. • Growth came in particular from Feelia’s new c
Slide 5: Summary
JANUARY–MARCH 2024 Summary Group net sales grew by 16.6% and amounted to EUR 13,674 thousand NET SALES (11,732) EBITDA Group EBITDA was EUR 1,358 thousand, or 9.9% of net sales EBITA Group EBITA was EUR 918 thousand, or 6.7% of net sales Consolidated EBIT for the period was 807 thousand, or 5.9% of
Slide 6: Development of consolidated net sales
JANUARY–MARCH 2024 Development of consolidated net sales
Slide 7: Development of consolidated EBIT
JANUARY–MARCH 2024 Development of consolidated EBIT
Slide 8: Key figures by business
JANUARY–MARCH 2024 Key figures by business Net sales by unit / 1–3/ 1–3/ Change 1–12/ business area 2024 2023 % 2023 Feelia 8,432 6,356 32.7 26,513 Fodelia retail 4,525 5,168 -12.4 20,717 Other units* 1,175 1,043 12.6 4,213 Eliminations -457 -835 -45.3 -2,479 Fodelia Group total net sales 13,674 11,
Slide 9: Other key figures
JANUARY–MARCH 2024 Other key figures 1-3/ 1-3/ Change 1-12/ Group 2024 2023 -% 2023 Profit for the period 555 237 134.3 1,204 % of net sales 4.1 2.0 2,5 Earnings per share, EUR 0.1 0.03 0.15 Equity ratio % 49.6 47.5 50.4 Net gearing, % 41.3 50.3 47.7 Return on equity, % 16.0 7.3 8.9 Return on invest
Slide 10: Annual General Meeting March 2024
JANUARY–MARCH 2024 Annual General Meeting 21 March 2024 • The AGM adopted the financial statements and discharged the members of the Board of Directors and the CEO from liability for the financial year 1 January– 31 December 2023. • There were changes in the Board of Directors of Fodelia Oyj. The co
Slide 11: Business development
JANUARY–MARCH 2024 Business development
Slide 12: Fodelia's business areas
JANUARY–MARCH 2024 Fodelia's business areas • Focuses on retail customers • Provides its customers with convenience food and and consumer business catering services • Production plants in Pyhäntä, Salo and • Operates in the growing Foodservice market Jokioinen • 2 production plants (Pyhäntä and Kokk
Slide 13: Development of Feelia's net sales remained strong
JANUARY–MARCH 2024 Development of Feelia's net sales remained strong • Feelia’s total net sales increased by 33% in January–March . The market development in January–February was +0.5%*, which means that Feelia's net sales significantly outgrew the market. • Feelia’s EBIT increased by 74% in January
Slide 14: Feelia Q1 highlights
JANUARY–MARCH 2024 Feelia Q1 highlights New customers • Norlandia Care, A-klinikka, Hoivatie, Aspa-kodit, Autismisäätiö, as well as several smaller customer accounts. Continued strong growth and developmentof the Feelia ordering Muokkaa perustyylejä naps. system Ferp • During Q1, a total of 1.5 mill
Slide 15: Fodelia Retail's net sales decreased, EBIT returned to profitability
JANUARY–MARCH 2024 Fodelia Retail’s net sales decreased, EBIT returned to profitability • Fodelia Retail's net sales for January–March decreased by 12.4% and amounted to EUR 4,525 thousand (5,168 thousand). • The decrease in net sales was due to lower online sales. • Fodelia Retail's EBIT turned pos
Slide 16: Fodelia Retail Q1 highlights
JANUARY–MARCH 2024 Fodelia Retail Q1 highlights Significantly improved profitability in snacks • There is clear demand for the products, and cost-efficiency has been achieved in operations. A new business manager has been selected for the webshop and brand upgrade launched in the webshop • These cha
Slide 17: Marjavasu's net sales continued to grow
JANUARY–MARCH 2024 Marjavasu's net sales continued to grow • Marjavasu's net sales for the reporting period were EUR 1,009 thousand and increased by 11.9% compared to January–March 2023. • The company’s profitability remains good, even if it has Muokkaa perustyylejä naps. fallen slightly from the re
Slide 18: Significant turnaround in Fodbar's business
JANUARY–MARCH 2024 Significant turnaround in Fodbar’s business • After a long start-up phase, the company has reached profitability and its net sales have increased when compared to the previous year. • The public food service market is in an interesting phase. • The market is increasingly opening u
Slide 19: Strategy and future
JANUARY–MARCH 2024 Strategy and future
Slide 20: Fodelia divests Perniön liha and Helsingin makkaratehdas
JANUARY–MARCH 2024 Fodelia divests Perniön liha and Helsingin makkaratehdas – strategy change behind this • The deal was announced on 23 April 2024. The sale is expected to be completed by 31 May 2024. • The divestment is part of Fodelia's change in strategy, which involves focusing even more heavil
Slide 21: Figures of the divested businesses for 2023
JANUARY–MARCH 2024 Figures of the divested businesses for 2023 (preliminary estimate) EUR thousand Fodelia Group Divested Fodelia Group 2023 businesses excluding divested (estimate) businesses (estimate) Net sales 48,965 5,621 43,344 EBIT 2,521 55 2,466 EBIT margin, % 3.5 1.0 5.7 Fixed assets 17,337
Slide 22: Capital Markets Day 16 May 2024
JANUARY–MARCH 2024 Capital Markets Day 16 May 2024 • We will organise a Capital Markets Day for investors, analysts and the media in Helsinki on 16 May 2024. • You can attend the event in person or via a Teams link. • At the Capital Markets Day, Fodelia's management will discuss the updated strategy
Slide 23: Financial targets
JANUARY–MARCH 2024 To be updated during Q2 Financial targets The company’s long-term financial targets ▪ Group net sales of over EUR 100 million in 2026. ▪ Group operating profit margin of approximately 8–10%. ▪ Group return on investment of over 10%. ▪ Group interest-bearing liabilities in relation
Slide 24: Development priorities for 2024
Development priorities for 2024 Actively seeking growth from Returning webshop Feelia sales to care sector and early net sales to growth childhood education customers Planning to expand Active identification of new Marjavasu's plant capacity to business opportunities support growth
Slide 25: Our mission
OUR MISSION "We grow Finnish food companies into success stories, and our vision is to be the most attractive and successful food industry innovator."
Slide 26: Thank you!
JANUARY–MARCH 2024 THANK YOU! Q&A
Slide 27: Further information
JANUARY–MARCH 2024 Further information Mikko Tahkola, CEO mikko.tahkola@fodelia.fi +358 40 829 0195
Slide 28: Domestic growth power
Domestic growth power