Slide 1: Raisio’s Net Sales Decline Stopped
Raisio’s Net Sales Decline Stopped Raisio’s Interim Report for January-March 2019 President and CEO Pekka Kuusniemi CFO Toni Rannikko Raisio plc 8 May 2019
Slide 2: Raisio’s Q1/2019 Highlights
Raisio’s Q1/2019 Highlights NET SALES Implementation started: RAISIO’S HEALTHY 49.9 M€ Q1/2018: 49.7 M€ GROWTH STRATEGY 2019 - 2021 EBIT 5.0 M€* Q1/2018: 6.3 M€* Strategic alliance Net sales decline Product price increases has been stopped to match the price rise in raw materials * Continuing operat
Slide 3: Strategic Priorities for 2019, January-March
Strategic Priorities for 2019, January-March Growth and profitability for the International core business oat business • Aim to turn the business into growth • Survey of international markets in all the markets ongoing • Expansion into new categories • Developing Elovena brand and product • Benecol
Slide 4: Raisio’s outlook 2019
Raisio’s outlook 2019 • In 2019, Raisio expects its net sales for continuing operations to grow (2018: EUR 228.2 million) and comparable EBIT to be over 10 per cent of net sales. • Raisio will continue its investments in the brands, R&D and the company’s own production in its most important product
Slide 5: Healthy Food
RAISIO Healthy Food
Slide 6: Benecol is the Captain of the Cholesterol-lowering Category
Benecol is the Captain of the Cholesterol- lowering Category • Benecol creating growth and value to the trade in the cholesterol-lowering food category • Added value through knowledge management • Sales at the comparison period level in the key market of Benecol products in Western Europe • Breakthr
Slide 7: Growth through Elovena novelties
Growth through Elovena novelties • Slight increase in total sales of Elovena products • Clearly higher sales in novelties • Sales in Elovena snack biscuits +20% • Sales volume of the basic range down from the comparison period • Elovena Oat Mince, among the most popular plant protein products • Cont
Slide 8: Elovena Minced Oat Patties available in May 2019
Elovena Minced Oat Patties available in May 2019
Slide 9: Healthy Ingredients
Healthy Ingredients
Slide 10: Fish Feeds
Fish Feeds • Customer loyalty at good level • Fish feed deliveries down from the strong comparison period • Full-year sales expected to be clearly up from the comparison period • Growth Sonar (Kasvuluotain) application added with a new functionality enabling the control of fish feeding machines 10
Slide 11: Healthy Ingredients: Oat Products and Licensing
Healthy Ingredients: Oat Products and Licensing • Increased oat products sales to the Finnish B2B customers • Slightly decreased sales volume in wheat flours • Sales and marketing of oat exports developed using the Raisio Oats concept • Clear growth in domestic and export sales of gluten-free oat-ba
Slide 12: Financial Review
Financial Review
Slide 13: Raisio Group’s net sales and EBIT Q1/2019
Raisio Group’s net sales and EBIT Q1/2019 continuing operations Net sales Comparable EBIT M€ 8 M€ 50 49.7 49.9 40 6 12.6% 30 6.3 10.0% 4 Key items affecting EBIT: 20 5.0 • Price rise in raw materials 2 • Fish feed deliveries down from 10 the comparison period • Cooperation with the Spanish licensing
Slide 14: Raisio’s Profitability and the Changes in the Grain Prices
Raisio’s Profitability and the Changes in the Grain Prices €/tn 15% 240 14% 13% 220 12% 200 11% 180 10% 9% 160 8% 140 7% 120 6% 5% 100 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Q1/2019 Comparable EBIT Grainaverage Raisio weighted prices €/tn grain €/tn EBIT % 14
Slide 15: Key Figures, Balance Sheet Q1/2019
Key Figures, Balance Sheet Q1/2019 Q1/2019 Q1/2018 Equity ratio, % 74.3 66.8 Gearing, % - 48.1 - 40.5 Net interest-bearing debt, M€ - 119.6 - 98.4 Return on invested capital (ROIC), % 10.0 9.9* Cash flow from business operations 4.5 - 0.8 after financial items and taxes, M€ Investments, M€ 2.4 0.9 *
Slide 16: Raisio’s External Reporting Segments from 1 January 2019
Raisio’s External Reporting Segments from 1 January 2019 Raisio Group Healthy Food Healthy Ingredients Branded products, B2C Ingredients, B2B • Northern Europe • Raisioaqua • Central and Eastern • Ingredients (plant stanol Europe ester and grain based) • Western Europe • Grain trade Operations 16
Slide 17: Healthy Food Unit’s Net Sales and EBIT Q1/2019
Healthy Food Unit’s Net Sales and EBIT Q1/2019 Continuing operations Net sales Net sales by region Comparable EBIT Q1/2019 40 M€ 8 M€ M€ 35 14.1% 30 35.1 34.7 Central and 6 25 Eastern Europe 11.5% 5.7 M€ 5.0 20 4 Western 15 Europe 4.0 Northern 10 Europe 16.5 M€ 2 5 12.5 M€ 0 0 Q1/2018 Q1/2019 Q1/201
Slide 18: Healthy Ingredients Unit’s Net Sales and EBIT Q1/2019
Healthy Ingredients Unit’s Net Sales and EBIT Q1/2019 Continuing operations Net sales EBIT 25 M€ M€ 20 21.3 21.8 4 11.0% 15 10 2 2.4 6.2% 5 1.3 0 0 Q1/2018 Q1/2019 Q1/2018 Q1/2019 18
Slide 19: Food for Health, Heart and Earth.
Raisio’s purpose: Food for Health, Heart and Earth.