Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — H1 2022 Earnings Presentation
15 slides from Apetit Oyj's earnings presentation, Aug 18, 2022
Slide 1: Half-Year Report 2022
Half-Year Report 2022 CEO Esa Mäki, Apetit Plc APETIT PLC | Half-Year Report 2022 18.8.2022 1
Slide 2: Financial Performance
Financial Performance APETIT PLC | Half-Year Report 2022 18.8.2022 2
Slide 3: Net sales, EBITDA, Operating profit
Net sales, EBITDA, Operating profit Continuing operations April-June 2022 January-June 2022 • Net sales EUR 47.3 (33.8) million • Net sales EUR 89.9 (70.9) million • EBITDA EUR 0.4 (1.7) million • EBITDA 1.5 (5.4) million • Operating profit EUR 0.5 -1.0 (0.4) million • Operating profit EUR -1.2 (2.8
Slide 4: Strong financial position
Strong financial position EUR million 30.6.2021 30.6.2020 Working capital, continuing operations 22.1 25.5 Group’s net cash flow from operating activities 17.8 24.4 Group’s total equity 91.6 90.3 Group’s net debt -4.4 2.8 Group’s Equity ratio, % 82.7 % 76.3 % Group’s Gearing, % -4.8 % 3.1 % Earnings
Slide 5: Continuing operations
Continuing operations APETIT PLC | Half-Year Report 2022 18.8.2022 5
Slide 6: Frozen food sales increased especially in the Food service channel
Food Solutions April-June 2022 Frozen food sales increased especially in the Food service channel • Net sales grew and amounted to EUR 14.7 (14.0) million Net sales, EUR million • In the food service channel, the sales of frozen products have increased significantly, and the retail sales of frozen p
Slide 7: Inflation affects eating - Apetit's products have a strong position in the retail trade
Inflation affects eating - Apetit's products have a strong position in the retail trade • Food price has risen exceptionally fast this year, only accelerating during the spring and summer* • The speed of the price increase is associated with uncertainty, which in turn is largely related to the futur
Slide 8: Production has started on the new pizza line - renewed pizzas for retail in October
Production has started on the new pizza line - renewed pizzas for retail in October • The investment in renewal of the pizza production line in Pudasjärvi was completed in July, and commercial production on the new line started at the beginning of August • The investment value is about EUR 2 million
Slide 9: The harvest expectations for field vegetables are cautiously hopeful
The harvest expectations for field vegetables are cautiously hopeful • The harvest expectations for field vegetables are hopeful • The hot weather in early summer did not continue too long for plants, and rainfall has been mainly even throughout the growing season • After a couple of weaker years, t
Slide 10: The significantly increased cost of raw materials weakened profitability
Oilseed Products April-June 2022 The significantly increased cost of raw materials weakened profitability Net sales, EUR million • Net sales grew substantially in April–June and amounted to EUR 32.8 (19.9) million 4-6 2021 4-6 2022 1-6 2021 1-6 2022 • Net sales were boosted mainly by higher market p
Slide 11: Cultivation season of oilseeds
Cultivation season of oilseeds • According to the Natural Resources Institute Finland’s preliminary statistics, the total cultivation area of rapeseed in this growing season is 43,000 hectares, with the share of Brassica rapa being 33,500 hectares and that of Brassica napus 9,500 hectares • As a who
Slide 12: Discontinued operations
Discontinued operations APETIT PLC | Half-Year Report 2022 18.8.2022 12
Slide 13: Grain Trade April-June 2022
Grain Trade April-June 2022 Net sales, EUR million • Net sales in April–June were EUR 21.9 (40.3) million 4-6 2021 4-6 2022 1-6 2021 1-6 2022 • Operating profit was EUR 2.2 (-1.6) million 76,2 64,0 • The sale of the Grain Trade business to Berner Ltd was 40,3 completed on 31 May 2022. Operating prof
Slide 14: The sale of the Grain Trade business has been completed in full
The sale of the Grain Trade business has been completed in full • The sale of the Grain Trade business to Berner Ltd was completed on 31 May 2022. • The transaction includes Avena’s Finnish grain trade business, as well as its grain stocks and port operations in Finland. • The agreed acquisition pri
Slide 15: kiitos.
kiitos.