Slide 1: Infant Nutrition
Jan-Olof Lidefelt General Manager Infant Nutrition Infant Nutrition
Slide 2: Infant Nutrition development
Infant Nutrition development Operating profit (FI) 2011 vs 2010 2011 Volume growth 16% • Existing customers • Successful project launching • New customers • New markets Higher utilization in dedicated plant 2010 5% The first choice for value-added vegetable oil solutions 2
Slide 3: Global Baby Food Retail Value Sales by Category 2010
Global Baby Food Retail Value Sales by Category 2010 -AAK´s focus is milk formula producers US$ million 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 Source: Euromonitor International The first choice for value-added vegetable oil solutions 3
Slide 4: Infant Milk Formula industry
Infant Milk Formula industry 1.8 million MT/yr Infant milk formula ~400 000 MT/yr Oils & Fats ingredients Consolidated industry – 5 multinationals hold 62% (70 % in 2006) of the world market Local markets are dominated by global players and some strong domestic leaders. Chinese companies increase sh
Slide 5: Average annual Growth Infant milk formula 2007-2010
Average annual Growth Infant milk formula 2007-2010 +2% -6% +5% +19% +9% +5% +4% Global annual average growth + 6% Source: Calculated from Euromonitor data The first choice for value-added vegetable oil solutions 5
Slide 6: Infant Milk Formula – the product
Infant Milk Formula – the product Spray dried powder or ”ready to eat” emulsion with milk protein, vegetable oils and micronutrients (vitamins, minerals, amino acids etc.) Target is to mimic human breast milk as closely as possible Vegetable oils is around 25 % by weight and 50 % of calories AAK sup
Slide 7: Reasons for customers to choose AAK
Reasons for customers to choose AAK A comprehensive product range for infant nutrition • Oil blends with defined fatty acids composition • Speciality products Safety and consistency • High food safety standards • Good quality and shelf life • Flexible and on time deliveries Advanced technical expert
Slide 8: AAK gains markets shares
AAK gains markets shares Index Growth 300 250 200 Relative growth global 150 market 100 Relative growth AAK 50 0 2008 2009 2010 2011 The first choice for value-added vegetable oil solutions 8
Slide 9: Main drivers for growth in AAK sales to Infant Formula Manufactures
Main drivers for growth in AAK sales to Infant Formula Manufactures Focus on Infant Nutrition • Management focus through AAK Acceleration • Dedicated team Food Safety • Melamine scandal has prompted Chinese brands to use imported products • German focus on contaminants The first choice for value-add
Slide 10: Main drivers for growth in AAK sales to Infant Formula Manufactures
Main drivers for growth in AAK sales to Infant Formula Manufactures We have earned the confidence of our customers by being the safe and consistent alternative • We grow with multinationals in new countries Premium segment grows rapidly in some markets • Increasing demand for blends with ultra high
Slide 11: Main drivers for growth in AAK sales to Infant Formula Manufactures
Main drivers for growth in AAK sales to Infant Formula Manufactures Focus on Infant Nutrition Food Safety We have earned the confidence of our customers by being the safe and consistent alternative Premium segment grows rapidly in some markets The first choice for value-added vegetable oil solutions
Slide 12: AAK is well positioned for further growth
AAK is well positioned for further growth A flawless track record with major producers Top quality standards Strong focus on food safety Multi stock factories High technical competence Special processing facilities and excellent Supply Chain Advanced technical expertise and strong network AAK is wel