Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — Q1 2017 Earnings Presentation
24 slides from Apetit Oyj's earnings presentation, May 5, 2017
Slide 1: Apetit Interim Report Q1 January-March 2017
CEO Juha Vanhainen Apetit Interim Report Q1 January - March 2017 Briefing for Analysts and Media May 5th 2017 Scandic Simonkenttä, Helsinki 5 May, 2017 1
Slide 2: Apetit Group Q1 (January-March 2017)
Apetit Group Q1 (January-March 2017) • Net sales Net Konsernin 91.9 (87.5) salesM€ was 91,9 (87,5) miljoonaa euroa New products introduced – Operatiivinen käyttökate • Operational EBITDA (EBITDA) 0.5 (0.6) M€ was 0,3 (0,6) miljoonaa euroa Operational EBIT was -1,4 • Operational EBIT -1.2 (-1.0) M€ (
Slide 3: Creating Wellbeing with Vegetables
• Apetit produces food solutions based on 16% vegetables, fish and vegetable oils • Apetit is active in the trading of grains, 39 % oilseeds and raw materials for feeds in DISTRIBUTION Finland and internationally OF NET SALES 21% • Its customers include consumers, the 2016 Creating retail trade, the
Slide 4: Business segment review
Business segment review 5 May, 2017 4
Slide 5: Business segments – strategic focuses and target positions
Business segments – strategic focuses and target positions Food Solutions Oilseed Products Grain Trade Seafood Frozen + fresh Vegetable oils and Grain, oilseed and the vegetable solutions expeller animal feedstuff trade Strategic Leading brand in Product leader The most reliable Most reliable focus
Slide 6: Food Solutions Q1/2017: Sales developed well in frozen and fresh products
Food Solutions Q1/2017 Food Solutions Sales developed well in frozen products and fresh products GROWTH IN ALL PRODUCT GROUPS Net sales CONSUMER AND CUSTOMER • Segment's net sales was 25,8 (25,0) M€ EUR million, comparison 2017/2016 2016 2017 • In fresh products, sales developed well in retail 25.0
Slide 7: Tuorekset sales picked up speed
Expansion into the fruit and vegetable section in retail Tuorekset-sales picked up the speed Tuorekset delivery volumes 4/2016-3/2017 • In the first quarter, Tuorekset-sales and visibility in retail stores increased significantly • The new products launched in January have received good feedback and
Slide 8: Study: Apetit is number 8 in Finland based on its YouTube use in marketing
Globally, Youtube is 2nd biggest search engine and Study: 3rd biggest web service Apetit is number 8 in Finland based on its YouTube use in marketing • Swedish company Chimney Group studied the 500 largest companies in Finland to find out how efficiently they use YouTube • The top ten companies in F
Slide 9: Oilseed Products Q1/2017: Net sales at the previous year's level
Oilseeed Products Q1/2017 Oilseed Products Net sales at the previous years’ level NET SALES ON SAME LEVEL YEAR-ON-YEAR Net sales OPERATING ENVIRONMENT • Segment's net sales was 16,8 (16,5) M€ EUR million, comparison 2017/2016 2016 2017 18.2 The outlook for the forthcoming harvest season • The delive
Slide 10: Apetit launched rapeseed oil milled from 100% Finnish rapeseeds
Apetit launched rapeseed oil milled from 100% Finnish rapeseeds • Apetit rapeseed oil naturally contains large quantities of essential fatty acids and the antioxidant vitamin E • The product’s fresh and neutral flavour makes it ideal for food preparation and baking APETIT PLC | Interim Rport Q1/2017
Slide 11: Grain Trade Q1/2017: Significant increase in volumes
Grain Trade Q1/2017 Grain Trade Significant increase in volumes NET SALES AND VOLUME ROSE YEAR-ON- Net sales OPERATING ENVIRONMENT 2016 2017 YEAR EUR million, comparison 2017/2016 World grain stocks are at high levels as we enter • Segment's net sales were up on the comparison 50.2 the new harvest s
Slide 12: Low price level in grain market, price fluctuations have decreased
Low price level in grain market, price fluctuations have decreased 350 • The price of wheat on the international market has fallen over the last two 300 harvest seasons • The changes in wheat prices 250 affect also other food and feed grain prices EUR / tonne 200 • Market volatility has remained on
Slide 13: Seafood Q1/2017: Positive sales trend continued in challenging market
Seafood Q1/2017 Seafood Positive sales trend continued in challenging market situation HIGH PRICE LEVEL LOWERED VOLUMES Net sales • Segment's net sales was 20.5 (20.3) M€ EUR million, comparison 2017/2016 2016 2017 OPERATING ENVIRONMENT • The high price of Norwegian salmon and the 24.1 The high pric
Slide 14: Norwegian salmon price increased significantly in 2016
Norwegian salmon price increased significantly in 2016 Salmon price development 2015-2017 (Nasdaq Salmon Index) • Throughout 2016, the price level of 2015 2016 2017 Norwegian salmon was higher than in 10 the previous year • The high price of salmon is the result Averagep price / week, €/kg 8 of the
Slide 15: Performance in Q1/2017, by segment
Performance in Q1/2017, by segment Apetit Group Food Solutions Oilseed Products Grain Trade Seafood Q1/2017 Net sales Net sales Net sales Net sales Net sales 25.8 M€ 16.8 M€ 33.0 M€ 20.3 M€ (25.0 M€) (16.5 M€) (30.8 M€) (20.5 M€) 91.9 M€ (87.5 M€) Intra-group sales -3,9 (-5,3) M€ Operational EBIT Op
Slide 16: Apetit Group net sales and operational EBIT Q1/2017
Apetit Group net sales and operational EBIT Q1/2017 Net sales Operational EBIT EUR million, comparison 2017/2016 EUR million, comparison 2017/2016 2016 2017 2016 2017 106.9 100.1 91.9 91.9 1.6 87.5 1.4 -1.0 -1.1 -1.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 APETIT PLC | Interim Rport Q1/2017 5 May, 2017 16
Slide 17: Solid financial position
Solid financial position EUR, million 31 March 2017 31 March 2016 Working capital 50.1 62.2 Freed-up working capital Net cash flow from operating activities -0.5 3.2 Net debt 112.1 114.8 Equity ratio, % 16.7 23.7 Gearing, % 62.2 % 62.3 % Operational return on capital employed (ROCE-%) 14.9 % 20.6 %
Slide 18: Strategy review
Strategy review APETIT PLC | Interim Rport Q1/2017 5 May, 2017 18
Slide 19: Apetit's strategic aim is to be the leader in vegetable-based food solutions
Apetit’s strategic aim is to be the leader in vegetable-based food solutions 2016 2017 2018 Food Expansion in fresh products Renewal of frozen products Service and product development Enhancing exports Oilseed In-depth R&D operations Further processing of oilseed products Grain Expanding the grain t
Slide 20: Significant new product launches
The leader in vegetable-based food solutions Significant new product launches Nutritional oils for pets Ready-to-use vegetables Tuorekset Protein & vegetable rich patties and rissoles 2016 > 100% Vegan, vegetable protein products Vegepops ice lollies Apetit vegetable oil 2017 > APETIT PLC | Interim
Slide 21: Strategic guidelines
Strategic guidelines Growth through higher value-added Increased agility, with a focus on the products and an attractive brand production and commercial scale New opportunities and industrial symbioses Primary production in partnership networks for the food chain from the bioeconomy through closer c
Slide 22: Outlook for 2017
Outlook for 2017 Sales in the Finnish retail sector and professional food service sector are expected to pick up in comparison to the previous year, but the price competition is expected to remain intensive. Ample supply is expected to continue to prevail in the global grains market, keeping prices
Slide 23: Apetit develops and innovates
#kasvisjauhis #vegepops #apetit 2017: Apetit develops and innovates eating #vege #tuorekset #vegebuumi Visio 2018 #puolikiloapäivässä The leader in vegetable-based food solutions APETIT PLC | Interim Rport Q1/2017 5 May, 2017 23
Slide 24: Thank you
Apetit Thank you