Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Q4 2021 Earnings Presentation

22 slides from Fiskars Oyj Abp's earnings presentation, Feb 3, 2022

  1. Slide 1: January–December 2021 Financial Statement Release

    January–December 2021 Financial Statement Release Good finish to a record- strong year

  2. Slide 2: Disclaimer

    Disclaimer • This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward-looking statements are reasonable, no

  3. Slide 3: Highlights of the quarter

    Highlights of the quarter SEVENTH SPENDING FOR OUTLOOK FOR DIVIDEND CONSECUTIVE GROWTH 2022: PROPOSAL: QUARTER OF NET WEIGHED ON COMPARABLE EUR 0.76 SALES GROWTH PROFITABILITY EBIT TO / SHARE INCREASE FROM 2021 ⓒ Fiskars Group 4.2.2022 3

  4. Slide 4: Fiskars Group comparable net sales in Q4 2021

    Fiskars Group comparable net sales in Q4 2021 NET SALES, EURm NET SALES BRIDGE, EURm Change +12.7% Comparable change* +10.9% Change +14.7% 2.6 0.3 353.2 400 18.1 353 313 13.8 308 302 307 292 300 280 267 5.1 0.0 256 313.3 200 100 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 FX Divest- BA BA BA Other Q4 2019 2020

  5. Slide 5: Fiskars Group comparable EBITA in Q4 2021

    Fiskars Group comparable EBITA in Q4 2021 COMPARABLE EBITA, EURm COMPARABLE EBITA MARGIN Change -28% Change +3% 49.9 49.8 50 44.8 18% 16.5% 39.3 15.9% 40 38.0 16% 35.1 36.1 14.7% 14.6% 13.0% 30 28.6 14% 11.4% 12% 10.2% 18.9 10.2% 20 10% 10 8% 0 7.4% 6% -3.1 -7.0 -1.1 -0.1 -2.7 -0.7 -2.9 0.6 -8.3 -10

  6. Slide 6: The Growth Strategy – clear strategic focus and transformation levers

    The Growth Strategy – clear strategic focus and transformation levers WE FOCUS ON WINNING: LOGIC Brands Channels Countries Commercial excellence Direct to consumer TRANSFORMATION LEVERS U.S. China ENABLERS INNOVATION PEOPLE DIGITAL SUSTAINABILITY & DESIGN ⓒ Fiskars Group 4.2.2022 6

  7. Slide 7: Progress in Transformation Levers

    Progress in Transformation Levers • Power of brands Commercial • Improved Gross Margin, both Q4 (+180bps), excellence and FY 2021 (+240bps) • Direct channel growing above Group Direct to average, both Q4 (+14%) and FY 2021 consumer (+20%) • Positive Q4 sales performance in Vita and U.S. Terra, doubl

  8. Slide 8: North American watering business divested

    North American watering business divested • Divestment of North American Watering Business completed on February 1, 2022 • Deal included the Gilmour and Nelson brands and related trademarks, patents and assets • Transaction in line with the new growth strategy • Watering products remain in our portf

  9. Slide 9: Outlook for 2022

    Outlook for 2022 In 2022, Fiskars expects the comparable EBIT to increase from 2021 (2021: EUR 154.2 million) There are ongoing challenges in global supply chains as well as raw material and energy price inflation. While the company has managed to mitigate these factors, they continue to pose a risk

  10. Slide 10: Progress in sustainability

    Progress in sustainability Reduced waste to landfill Products from recycled materials 2030 target: to have all waste from 2030 target: over 50% of our net sales our own manufacturing units and will come from circular products and distribution centers recovered or services. recycled with zero waste g

  11. Slide 11: Q4 2021

    Q4 2021 ⓒ Fiskars Group

  12. Slide 12: Financial Targets Tracking

    Financial Targets Tracking Ι We are well off the good start for our strategic four-year journey PERFORMANCE KPI NEW TARGET 2021 2020 Organic, FX neutral Mid-Single-Digit NET SALES 14.2% 3.4% growth Mid-teen EBIT margin (excl. IAC) by end PROFIT 12.3% 9.8% of 2025 CASH FLOW CONVERSION Free Cash Flow

  13. Slide 13: Consolidated income statement

    Consolidated income statement EURm Q4 2021 Q4 2020 Q4 2019 Key takeaways Net sales 353.2 313.3 308.0 Comparable gross profit 156.7 133.5 135.1 • Gross margin up 180bps vs. 2020, 50bps vs. 2019 Sales and marketing expenses -83.0 -63.8 -77.8 • Increased cost of raw materials, energy Other expenses -46

  14. Slide 14: Vita in Q4 2021

    Vita in Q4 2021 Net sales, EURm Comparable EBITA, EURm Comparable change* Change vs. Q4 19: +7.9% +9% 200 60 25% 187.0 22.1% 171.6 171.1 19.8% 18.0% 20% 150 133.8 40 15.7% 37.8 115.6 33.6 15% 108.2 12.1% 11.5% 100 27.0 26.6 10% 20 14.0 12.5 50 5% 0 0% 0 Q4 2019 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 202

  15. Slide 15: Terra in Q4 2021

    Terra in Q4 2021 Net sales, EURm Comparable EBITA, EURm Comparable change* Change vs. Q4 19: 18.1% +24% 200 60 25% 20.5% 157.1 50 148.7 20% 150 40 118.2 32.2 12.5% 15% 111.5 30 95.7 97.8 100 10% 7.8% 18.6 6.8% 20 2.9% 5% 10 7.7 7.6 50 2.8 -1.2% 0% 0 -1.4 0 -10 -5% Q4 2019 Q4 2020 Q1 2021 Q2 2021 Q3

  16. Slide 16: Crea in Q4 2021

    Crea in Q4 2021 Net sales, EURm Comparable EBITA, EURm Comparable change* Change vs. Q4 19: +5.9% +19% 60 25 27.7% 30% 50 26.0% 46.9 45.6 43.5 23.6% 25% 42.2 20 39.5 40 20.4% 35.9 19.6% 20% 15 30 11.7 11.9 12.8% 15% 10 8.5 8.5 20 8.1 10% 6.0 10 5 5% 0 0 0% Q4 2019 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4

  17. Slide 17: Net sales by geography in Q4 2021

    Net sales by geography in Q4 2021 Comparable EURm Q4 2021 Q4 2020 Change change* Europe 167.9 151.5 10.8% 9.3% Americas 121.4 108.3 12.1% 9.3% Asia-Pacific 62.6 54.6 14.6% 14.1% Unallocated** 1.3 -1.0 *Excluding the impact of exchange rates, acquisitions and divestments **Geographically unallocated

  18. Slide 18: Cash Flow

    Cash Flow Ι Whilst we invested significantly in Inventories to ensure 2022 deliveries, we succeeded to maintain strong Cash Conversion of 109% Distributable Cash Flow, Q4 and FY (EURm) Change in Liquidity, Q4 and FY (EURm) Q4 Full Year Q4 Full Year 2021 2020 vs. LY 2021 2020 vs. LY 2021 2020 vs. LY

  19. Slide 19: Balance Sheet

    Balance Sheet Ι Capital efficiency improvement continued despite Trade Working Capital growth – ROCE up 550bps driven both by profitability and asset turnover Capital Employed (EURm) Funding (EURm) 31-Dec 31-Dec 2021 2020 Change 2021 2020 Change GW and other intangible 489 482 7 Equity 816 762 55 PP

  20. Slide 20: Dividend proposal – Clear growth in dividend for FY 2021

    Dividend proposal Ι Clear growth in dividend for FY 2021 Wärtsilä share Dividend per share (DPS) history 2009–2021 distribution EUR 2.60 5.31 1.60 1.40 1.30 1.20 1.00 0.80 0.75 0.76 0.70 0.71 0.72 0.65 0.67 0.68 0.60 0.62 0.60 0.60 0.54 0.56 0.52 0.38 0.28 0.30 0.40 0.35 0.27 0.20 0.36 0.36 0.30 0.3

  21. Slide 21: Making the everyday extraordinary

    Making the everyday extraordinary ⓒ Fiskars Group 4.2.2022 21

  22. Slide 22: Net sales / SKU continued to increase

    Net sales / SKU continued to increase Number of Stock Sales / SKU, EUR Keeping Units (SKU) 45 000 90 000 40 000 80 000 35 000 70 000 30 000 60 000 25 000 50 000 20 000 40 000 15 000 30 000 10 000 20 000 5 000 10 000 0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Numbe

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