Slide 1: Fiskars Group Transformation
FISKARS GROUP TRANSFORMATION November 10, 2016
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 believes that the expectations reflected in such forward-looking statements are reasonable, no assura
Slide 3: Our business environment is changing
Our business OUR BUSINESS ENVIRONMENT IS CHANGING environment is changing OUR CONSUMERS ARE EXPECTING MORE FROM US
Slide 4: Making the everyday extraordinary: Fiskars Group Playbook
FISKARS GROUP PLAYBOOK VISION MISSION CORE BELIEF VALUES CREATING A POSITIVE, BUILDING A FAMILY WELL-CRAFTED INNOVATION LASTING IMPACT ON OF ICONIC IS SIMPLY INTEGRITY OUR QUALITY OF LIFE LIFESTYLE BRANDS THE BEST ACCOUNTABILITY TEAMWORK FUNDAMENTALS MAKING THE EVERYDAY EXTRAORDINARY CONSUMER VALUE
Slide 5: Strategy: align the structure with the strategy
WE PLAN TO ALIGN THE STRUCTURE WITH THE STRATEGY
Slide 6: Build global business units
W E P L AN T O S H I F T D I R E C T I O N AN D BUILD GLOBAL BUSINESS UNITS W I T H T H E AI M T O 1 2 3 4 Respond Increase Build Leverage the to speed and company- full potential changes alignment wide of our strong capabilities brands
Slide 7: The planned organizational structure
T H E P L A N N E D O RG A N I ZAT I ONAL STRUCTURE
Slide 8: Planned organization structure as of January 1, 2017
P L A N N E D O RG A N IZ AT IO N S T RU C T U RE AS OF JANUARY 1, 2017 PRESIDENT & CEO SBU LIVING* SBU FUNCTIONAL* Americas English & Crystal Living EMEA Scandinavian Living Outdoor S U P P LY C H A I N SUPPORT FUNCTIONS OTHER* * Primary reporting segments
Slide 9: SBU Functional
SBU FUNCTIONAL The SBU Functional would consist of: • Functional EMEA • Functional Americas • Outdoor businesses The SBU Functional to have accountability of: • brands, product management • new product development SBU FUNCTIONAL • marketing and sales; with profit and loss responsibility Kari Kaunisk
Slide 10: SBU Living
SBU LIVING The SBU Living would consist of: • English & Crystal Living business • Scandinavian Living business The SBU Living to have accountability of: • brands, product management • new product development SBU LIVING • marketing and sales; with profit and loss responsibility Ulrik Garde Due Presid
Slide 11: Changes in our leadership
CHANGES IN OUR LEADERSHIP AS OF JANUARY 1, 2017 PRESIDENT & CEO EXECUTIVE LEADERSHIP TEAM EXTENDED LEADERSHIP TEAM
Slide 12: Reporting segments
REPORTING SEGMENTS AS OF Q1 2017 LIVING E U R O P E SEGMENT FUNCTIONAL SEGMENT A M E R I C A S OTHER A S I A - P A S I F I C SEGMENT
Slide 13: Long-term financial targets
LONG-TERM FINANCIAL TARGETS • Fiskars plans to establish long-term financial targets for the group. These targets would be communicated during the Q1 2017 • To provide a basis for comparison, Fiskars will present restated, unaudited financial quarterly results for 2016 before the Q1 2017 interim rep
Slide 14: Increasing efficiencies
INCREASING EFFI CI EN CIES Subject to information sharing and consultation with employees and their representatives including any relevant labour unions
Slide 15: Increasing efficiencies
INCREASING EFFICIENCIES • Fiskars expects the new structure to allow us to increase our efficiencies Employees • Including the addition of a number of new positions, in Fiskars the net reduction of Fiskars’ personnel is estimated manufacturing to be 130 positions globally and distribution center ope
Slide 16: Alignment program
ALIGNMENT PROGRAM • The program focuses on the planned structural changes, proposed headcount reductions announced today and the full integration of the English & Crystal Living business, acquired last year • The total costs of the planned program are approximately EUR 15 million in 2016–2017, which
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Slide 18: Making the everyday extraordinary: Fiskars Group Playbook
FISKARS GROUP PLAYBOOK VISION MISSION CORE BELIEF VALUES CREATING A POSITIVE, BUILDING A FAMILY WELL-CRAFTED INNOVATION LASTING IMPACT ON OF ICONIC IS SIMPLY INTEGRITY OUR QUALITY OF LIFE LIFESTYLE BRANDS THE BEST ACCOUNTABILITY TEAMWORK FUNDAMENTALS MAKING THE EVERYDAY EXTRAORDINARY CONSUMER VALUE