Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — FY2015 Earnings Presentation
23 slides from Apetit Oyj's earnings presentation, Feb 17, 2016
Slide 1: Apetit Plc Financial Statements Bulletin
Apetit Plc Financial Statements Bulletin Briefing for Analysts and Media 17th February 2016 at 10.00 a.m. Scandic Simonkenttä, Helsinki Juha Vanhainen, CEO Eero Kinnunen, CFO APETIT PLC
Slide 2: CEO’s Review
The Apetit adverts starring Niina Lahtinen, a famous Finnish comedian, paint a revealing picture CEO’s Review of the stressful life of a young mother. Follow the story to see how frozen products can offer more freedom in everyday life! APETIT PLC FINANCIAL STATEMENTS BULLETIN 2015 February 17th, 201
Slide 3: Wellness from untainted farmland and waters
Wellness from untainted farmland and waters Food Business Grains and Oilseeds Business • Frozen vegetables and frozen ready meals • Trading of grains, • Fresh fish and fish oilseeds and products feedstuffs • Pre-prepared fresh fruit • Vegetable oils and vegetable products • Feedstuffs Oilseed produc
Slide 4: Q4: Improvement of profitability adversely affected by challenging market situation
Apetit Q4: The improvement of profitability was Financial statements adversely affected by the challenging 2015 situation in the market • Consolidated net sales were EUR 113.8 (120.8) million and operating profit excluding non-recurring items was EUR 3.1 (5.3) million. • The operating result for the
Slide 5: Net sales and customers
Apetit Q4/2015 Financial statements 2015 Net sales and customers Food Business Grains and Oilseeds Business • In the grain trade, delivery volumes were at a good level, • The market continued to be challenging for the retail trade though below the exceptionally high level of the previous and the pro
Slide 6: The sales of Apetit Kotimainen Domestic product range
Apetit Financial statements The sales of Apetit Kotimainen 2015 Domestic product range • Q4 sales of the Apetit Kotimainen domestic product range in the frozen foods group were up 2 percent year-on-year. Apetit Kotimainen domestic frozen product range sales development 1/2012-12/2015, R12 According
Slide 7: Food Business operating profit
Apetit Financial statements Food Business operating profit 2015 Q4 operating profit excluding non-recurring Full year operating profit excluding non-recurring items was EUR 1.6 (2.0) million items was EUR -2.8 (0.6) million • The profitability of the frozen foods group was at the previous • A decrea
Slide 8: Grains and Oilseeds Business operating profit
Apetit Financial statements Grains and Oilseeds Business 2015 operating profit Q4 operating profit excluding non-recurring Grains and Oilseeds Business Operating Profit, excluding non-recurring items, EUR million items was EUR 1.9 (2.4) million • The profitability of the grain trade fell short of th
Slide 9: Other Operations segment operating profit
Apetit Financial statements Other Operations segment 2015 operating profit Q4 operating profit excluding non-recurring Other Operations items was EUR -0.5 (0.9) million Operating Profit, excluding non-recurring items, EUR million • The operating profit includes EUR 0.4 (1.6) million as the Full year
Slide 10: Operating profit comparison
Apetit Financial statements Operating profit 2015 comparison Q4 Q4 EUR million Change 2015 2014 Change 2015 2014 Food Business 1.6 2.0 -0.4 -2.8 0.6 -3.3 Grains and Oilseeds Business 1.9 2.4 -0.4 7.6 7.8 -0.3 Other Operations Incl. Sucros, Group Administration and items not -0.5 0.9 -1.4 -3.2 -1.1 -
Slide 11: Implementation of the profitability programmes progressed as planned
Apetit The implementation of the Financial statements programmes progressed as planned in 2015 January–December • As part of the programmes, the network of operating units, the Profitability programmes product selection and the production processes were streamlined and simplified in the fish product
Slide 12: The outlook for 2016
Apetit Financial statements 2015 The outlook for 2016 The market situation in the Finnish retail sector is expected to continue to be challenging. The outlook for the Finnish economy is weak. The outlook for the grains and oilseeds market is estimated to be stable. The Group’s full-year operational
Slide 13: CFO’s Review
CFO’s Review Q4/2015 APETIT PLC FINANCIAL STATEMENTS BULLETIN 2015 February 17th, 2016
Slide 14: Apetit Group’s net sales and operating profit excluding non-recurring items
Apetit Apetit Group’s net sales Financial statements and operating profit excluding 2015 non-recurring items Net sales Operating profit excluding non-recurring items Apetit Group, comparison 2015/2014 Apetit Group, comparison 2015/2014 384.7 380.8 7.3 2014 2015 EUR million 5.3 EUR million 3.1 120.8
Slide 15: Key figures
Apetit Financial statements 2015 Key figures EUR million Q4/2015 Q4/2014 2015 2014 Net sales 113.8 120.8 380.8 384.7 Operating profit excluding non- recurring items 3.1 5.3 1.6 7.3 Operating profit 3.1 5.3 -2.0 -5.9 Profit before taxes 2.8 4.1 -3.5 -8.1 Profit for the period 2.2 3.4 -4.6 -8.7 Profit
Slide 16: Tase
Apetit Financial statements 2015 Tase 31. December 31. December ASSETS 2015 2014 Tangible assets 43.8 41.1 Investments in associated companies 22.6 34.9 Inventories 74.8 53.8 Receivables 30.2 29.6 Other assets 26.4 26.2 Total assets 197.9 185.7 EQUITY AND LIABILITIES Equity 121.0 129.4 Financial lia
Slide 17: Operating Result: new key figure
Apetit Financial statements New key figure 2015 Operating Result • Due to the forthcoming amendments to the regulations of the European Securities and Markets Authority (ESMA), Apetit will replace the key figure “operating profit excluding non-recurring items” with the key figure “operational EBIT”
Slide 18: Wrap up
Wrap up Apetit developed the ecological and delicious Apetit Järvikalapihvi fish cakes made with lake fish and intended for the professional food service sector. The product development was based on the natural good taste of the raw materials, roach and perch. The new product has exceeded its sales
Slide 19: Apetit’s year 2015 in brief
Apetit Financial statements Apetit’s year 2015 in brief 2015 The decline in sales volumes Long-term profitability in the retail trade and Finns value Finnish products programmes in the Food professional food service and companies. Business were completed. sector characterised the whole year in 2015.
Slide 20: Dividend proposal for the AGM
Apetit Financial statements Dividend proposal for the AGM 2015 The Board of Directors’ dividend proposal to the Annual General Meeting is EUR 0.70 per share. Dividend per share, EUR 1.20 Dividend policy 1.00 The aim of the Apetit plc Board is to ensure that the share generates a 0.80 good return and
Slide 21: Annual General Meeting and Annual Report
Apetit Financial statements Annual General Meeting and 2015 Annual Report • Apetit Plc’s Annual Report for 2015 – including the Board of Directors’ report, the financial statements for 2015 and a separate statement on Apetit Plc’s corporate governance – will be published in the week beginning on 7 M
Slide 22: Apetit will organise a Capital Market Day in Helsinki on 1 March 2016
Apetit will organise a Capital Market Day in Helsinki on 1 March 2016 During the event, the Group’s strategy for 2016-2018 will be presented. The presentations will be available at www.apetitgroup.fi after the event. APETIT PLC FINANCIAL STATEMENTS BULLETIN 2015 February 17th, 2016
Slide 23: Thank you for your interest!
Thank you for your interest! Contact Follow us Group CEO Apetit Juha Vanhainen Apetit Plc Tel. +358 10 402 00 Apetit Luonnollisesti Hyvää ja Apetit Oyj Firstname.lastname@apetit.fi www.apetit.fi www.apetitgroup.fi Apetit Oyj APETIT PLC FINANCIAL STATEMENTS BULLETIN 2015 February 17th, 2016