Slide 1: Rapala VMC Corporation Highlights
RAPALA VMC CORPORATION HIGHLIGHTS
Slide 2: Global Hero Lure Launch
Global Hero Lure Launch * Allround searchbait for multiple applications around the world * Coordinated global launch in January 2017 * 500 000+ packs sold SEARCHBAIT™ + oa RAPALA VMC CORP.
Slide 3: Jacob Wheeler wins with Storm 360GT
Jacob Wheeler wins with Storm 360GT + Rapala Pro Staff angler wins Bassmaster Elite tournament on Tennessee’e Cherokee Lake * Key to success was to use the new Storm 360GT Searchbait to locate fish quickly RAPALA VMC CORP.
Slide 4: Annual Accounts & Half Year H2 2016
RAPALA VMC CORPORATION ANNUAL ACCOUNTS & HALF YEAR H2 2016
Slide 5: Net sales, comparable operating profit, cash flow, EPS
• • • • • • • • • • Net sales, MEUR Comparable Cash flow from EPS, EUR operating profit, operations, 129,3 124,2 117,5 MEUR MEUR 0,04 0,19 0,19 0,19 4,8 8,3 20,5 4,5 3,2 -0,01 143,9 154,0 143,1 4,9 16,3 20,6 15,6 13,5 2014 2015 2016 10,7 6,2 -0,27 2014 2015 2016 2014 2015 2016 2014 2015 2016 H1 H2 A
Slide 6: Net sales
• • • • • • • Net sales 180 160 140 120 100 80 60 40 20 0 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 Q1 Q2 Q3 Q4 Annual accounts & H2 2016 6
Slide 7: Annual accounts & H2 2016
-2% 55,3 -9% 56,2 -8% 91,3 99,2 -6% 81,3 -6% -6% 86,9 -9% 32,7 +2% 35,9 -5% -10% -10% • • • • • • • • • • • • • • • • Annual accounts & H2 2016 7
Slide 8: Group products and third party products
• • • • • • • • • • • • Group products Third party products 120 120 100 100 80 80 60 60 40 40 20 20 0 0 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 8 Annual accounts & H2 2016 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 9: Comparable operating profit
• • • • • • • • • 25 20% 18% 20 16% 14% 15 12% MEUR 10% 10 8% 6% 5 4% 2% 0 0% H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 Comparable operating profit, MEUR Comparable operating profit, % Annual accounts & H2 2016 9
Slide 10: Group products and third party products
• • • • • • • • • 24 21 18 15 12 9 6 3 0 -3 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 Group products Third party products 10 Annual accounts & H2 2016
Slide 11: Net profit
• • • • • • • • 16 14 0,28 12 10 0,19 8 6 0,10 Net profit 4 0,01 EPS 2 0 -0,08 -2 -4 -0,17 -6 -8 -0,26 -10 -12 -0,35 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 Net profit attributable to equity holders of the company, MEUR Net profit attributable to non-controlling interests, MEUR EPS, E
Slide 12: Cash flow from operations
• • • • • • • • Cash flow from operations, MEUR 150 25 140 20 130 15 120 110 10 100 5 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 0 2012 2013 2014 2015 2016 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Total working capital, MEUR Inventories, MEUR 2012 2013 2014 2015 2016 Annual accounts & H2 2016 12
Slide 13: Net interest-bearing debt, gearing and equity ratio
• • • • • • 90% Net interest-bearing debt, MEUR 140 77,3 % 80% 70,6 % 120 108,2 70% 96,1 100 60% 80 MEUR 60 50% 44,7 % 43,1 % 40 40% 20 30% 0 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Gearing, % Equity ratio, % Annual accounts & H2
Slide 14: Annual accounts & H2 2016
• • • • • • • • Annual accounts & H2 2016 14
Slide 15: Appendices
APPENDICES RAPALA VC CORP.
Slide 16: H2 & FY Key figures
H2 & FY Key figures MEUR H2/2016 H2/2015 FY/2016 FY/2015 Net sales 117.5 124.2 260.6 278.2 Operating profit -7.0 3.6 7.2 21.0 Operating profit, % of net sales -6.0% 2.9% 2.8% 7.6% Comparable operating profit 3.2 4.8 18.8 25.3 Comparable operating profit, % of net sales 2.7% 3.8% 7.2% 9.1% Net profit
Slide 17: Sales by region
North America Nordic 70 70 60 60 50 50 40 40 30 30 20 20 10 10 0 0 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Rest of Europe Rest of the World 70 70 60 60 50 50 40 40 30 30 20 20 10 10 0 0 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1
Slide 18: EPS and DPS
EPS EPS, EUR 0,40 0,30 0,20 0,10 EUR 0,00 -0,10 -0,20 -0,30 -0,40 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 2012 2013 2014 2015 2016 0,40 150 % 0,30 100 % 0,20 50 % EUR 0,10 0% - -50 % 2012 2013 2014 2015 2016 -0,10 -100 % -0,20 -150 % EPS, EUR DPS, EUR Payout, % Annual accounts & H2 2016 18
Slide 19: Profit and loss account
Profit and loss account MEUR H2 2016 H2 2015 FY/2016 FY/2015 Net sales 117.5 124.2 260.6 278.2 Other operating income 1.1 0.7 1.3 1.0 Materials and services 65.3 60.2 129.0 130.9 Employee benefit expenses 32.5 33.1 67.6 68.4 Other operating expenses 24.1 24.5 51.1 52.3 Share of results in associates
Slide 20: Balance sheet
Balance sheet MEUR FY/2016 FY/2015 ASSETS Non-current assets Intangible assets 78.2 78.2 Property, plant and equipment 36.2 33.9 Non-current assets Interest-bearing 0.0 2.8 Non-interest-bearing 9.1 11.8 123.5 126.7 Current assets Inventories 102.2 116.2 Current assets Interest-bearing 0.9 1.0 Non-in
Slide 21: Annual accounts & H2 2016
• • • • • • • • • • • • • Annual accounts & H2 2016 21
Slide 22: Financial Trends
Financial Trends 275 250 225 200 175 150 MEU 125 100 45 Sales and s 40 35 30 25 20 15 00 02 04 06 08 10 12 14 16 35 20% Profitability 2% 0% 00 02 04 06 08 10 12 14 16 Sales Operating Profit —t#—Operating Margin RAPALA VMC CORP. Balance sheet position 00 02 04 06 08 10 12 14 16 800% 700% 600% 500% 40