Slide 1: Oat and fish feed as the driving force behind Raisio's strong growth
Oat and fish feed as the driving force behind Raisio’s strong growth Raisio’s July - September 2019 President and CEO Pekka Kuusniemi and CFO Toni Rannikko Raisio plc, 6 November 2019
Slide 2: Raisio's Q3/2019: Oat and fish feed as the driving force
Raisio’s Q3/2019 Oat and fish feed as the driving force behind Raisio’s strong growth NET SALES +9.7% DRIVING FORCES OF 69.2 M€ Q3/2018: 63.1 M€ DEVELOPMENT 1. Growing demand for oat products EBIT +37.2% 2. Strong end to the fish 10.7M€ feed season Q3/2018: 3. Improved cost efficiency 7.8 M€ 2
Slide 3: Raisio's 1-9/2019: Investments and a strong cash flow
Raisio’s 1 - 9/2019: Investments and a strong cash flow 1-9/2019: INVESTMENTS POSITIVE CASH FLOW 1. Modernisation of 13.8 1-9/2018: M€ 4.0 M€* * production and increase in the capacity of our oat mill in Nokia, Finland INVESTMENTS 2. New production facility 10.9 M€ under construction in 1-9/2018: 3.
Slide 4: Raisio's Outlook 2019: Unchanged
Raisio’s Outlook 2019: Unchanged • 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 importa
Slide 5: Healthy Food Q3/2019
Healthy Food Q3/2019
Slide 6: Benecol is proven to lower cholesterol safely and effectively
Benecol is proven to lower cholesterol safely and effectively • In the UK, profitability improved, net sales declined slightly • Part of the marketing campaigns have been put on hold due to the political situation • Sales of snack bars continued to grow • Sales of Benecol products in Finland up +17%
Slide 7: Excellent quarter for Elovena products
Excellent quarter for Elovena products • Sales increased by more than +7% • New Elovena 100% oat snack biscuits increased sales • Preparations to internationalise the Elovena brand were carried out during the review period • Net sales of Nordic products increased substantially and EBIT improved in R
Slide 8: Healthy Ingredients Q3/2019
Healthy Ingredients Q3/2019
Slide 9: An excellent season for fish feeds
An excellent season for fish feeds • Sales of fish feeds increased by over 20% during the review period in relation to our highest record year to date in 2017 • Investments improved efficiency • Strong growth was achieved in our key markets of Finland and Russia • Export efforts towards Poland and S
Slide 10: Healthy Ingredients: oat products
Healthy Ingredients: oat products • Sales to Finnish bakeries and to industrial and catering customers rose by nearly 20% • Growth was particularly achieved in gluten-free oat products • Raisio’s goal is to increase the export of its oat-based added-value products also to BtoB customers 10
Slide 11: Financial review
rd 3 Financial review
Slide 12: Raisio Group's net sales and EBIT Q3/2019
Raisio Group’s net sales and EBIT Q3/2019 Net sales EBIT 80 M€ 12 M€ +9.7% 70 10 +37.2% 60 69.2 10.7 63.1 8 50 40 6 7.8 DRIVING FORCES OF 15.5% DEVELOPMENT 30 4 12.3% 1. Growing demand for 20 oat products 2 2. Strong end to the fish feed 10 season 0 0 3. Improved cost efficiency Q3/2018 Q3/2019 Q3/2
Slide 13: Key figures
Key figures Q3/2019 Q3/2018 Equity ratio, % 83.6 76.7 Gearing, % - 36.8 - 30.0 Net interest-bearing debt, M€ - 97.1 - 76.4 Return on invested capital (ROIC), % 16.3 16.0* 1-9/2019 1-9/2018 Investments YTD, M€ 10.9 3.7 Cash flow YTD from business operations after financial items 13.8 4.0 and taxes, M
Slide 14: Healthy Food Unit's Net Sales and EBIT Q3/2019
Healthy Food Unit’s Net Sales and EBIT Q3/2019 Net sales Net sales by region EBIT 40 M€ 8 M€ M€ +0.1% 35 30 33.6 33.6 Eastern and 6 +47.4% Central Europe 25 5,6 5.7 M€ 20 4 Western 15 Europe 3,9 16.8% Northern 15.0 M€ 11.6% 10 Europe 2 5 12.9 M€ 0 0 Q3/2018 Q3/2019 Q3/2018 Q3/2019 14
Slide 15: Healthy Ingredients Unit's Net Sales and EBIT Q3/2019
Healthy Ingredients Unit’s Net Sales and EBIT Q3/2019 Net sales EBIT 50 M€ 6 M€ +22.7% +17.8% 40 5.4 42.3 4 30 35.9 4.4 12.8% 12.3% 20 2 10 0 0 Q3/2018 Q3/2019 Q3/2018 Q3/2019 15
Slide 16: Food for Health, Heart and Earth.
Food for Health, Heart and Earth.