Slide 1: Rapala VMC Corporation 1st Half 2020
RAPALA VMC CORPORATION ST 1 HALF 2020
Slide 2: Sales and profitability decreased following the COVID-19 pandemic
SALES AND PROFITABILITY DECREASED FOLLOWING THE COVID-19 PANDEMIC. SUCCESFULL MITIGATION RESULTED IN IMPROVED OPERATING CASH FLOW AND DECREASED INVENTORIES NET SALES (MEUR) 117,1 2019 H1 2020 H1 * FX comparable change: -16,6% (-23,3 MEUR) + Exceptional first half as COVID-19 pandemic had a profound
Slide 3: Sales decreased in all areas following the COVID-19 pandemic
SALES DECREASED IN ALL AREAS FOLLOW BY THE COVID-19 PANDEMIC 2019'H1 (I) 30,9 28,19 2020180) RE 22,3 8,7) NORTH AMERICA NORDIC * FX comparable change: -18,6% (-9,3 * FX comparable change: -26,9% (-8,2 MEUR) MEUR) * The sales decrease was mostly driven by the COVID-19 pandemic and consequential gover
Slide 4: • 94,5 95,2 78,3 • 48,0 46,0 38,8 • 14,0 11,7 4,3 1,2 0,2
• 94,5 95,2 78,3 • 48,0 46,0 38,8 • 14,0 11,7 4,3 1,2 0,2 -0,1 4
Slide 5: Comparable and reported operating profit
COMPARABLE AND REPORTED OPERATING PROFIT * Comparable* operating profit was 4.2 MEUR (3.6%) for H1 2020 * The change in translation exchange rates did not have a material impact * Reported operating profit included impact of mark-to-market valuation of operative currency derivatives of -0.1 MEUR. Ne
Slide 6: Cash flow and working capital
CASH FLOW AND WORKING CAPITAL * Total working capital decreased to 98.2 MEUR * The improvement of the inventory value resulted from tight inventory and purchase control, which was a crucial part of the COVID-19 mitigation plan. * Cash flow from operations increased by 1.9 MEUR from the comparison pe
Slide 7: Financial position
FINANCIAL POSITION * Liquidity position of the Group was good. Undrawn committed long-term credit facilities amounted to 49.9 MEUR. Gearing and equity ratios improved from last year. ¢ Improvement in gearing ratio and equity ratio GEARING EQUITY RATIO NET INTEREST-BEARING DEBT (%) (%) (MEUR) 37,4 p>
Slide 8: Short-term outlook
SHORT-TERM OUTLOOK * The Group withdrew its guidance for 2020 on March 26, 2020 due to lack of visibility caused by the COVID-19 pandemic. * End-consumer demand for recreational fishing products is currently on a good level in the Group’s key markets. The Group’s supply chain, including own factorie
Slide 9: Appendices
APPENDICES RAPALA VC CORP.
Slide 10: Key figures
KEY FIGURES MEUR 2020 H1 2019 H1 Net sales 117,1 141,2 Operating profit -0,8 11,4 Operating profit, % of net sales -0,7% 81% Comparable operating profit 4,2 12,0 Comparable operating profit, % of net sales 36% B85 Net profit for the period -3,8 7,4 EPS (basic), EUR -0,12 0,17 Cash flow from operatio
Slide 11: Geographical net sales
GEOGRAPHICAL NET SALES NORTH AMERICA NORDIC (MEUR) (MEUR) 46,4 47.6 mali 48.6 40,4 33,3 31,8 32,3 30,9 22,3 2016H1 2017H1 2018H1 2019H1 2020H1 2016H1 2017H1 2018H1 2019H1 2020H1 REST OF EUROPE REST OF THE WORLD (MEUR) (MEUR) 48,0 45,8 44,9 45,9 41,6 ; ; i | Oo Oo J J - 2016H1 2017H1 2018H1 2019H1 20
Slide 12: Profit and loss statement
PROFIT AND LOSS STATEMENT MEUR 2020 H1 2019 H1 Net sales 117,1 141,2 Other operating income 0,5 0,5 Materials and services 57,7 63,6 Personnel expenses 32,8 35,9 Other costs and expenses 19,5 24,4 Share of results in associates and joint ventures -0,8 0,0 EBITDA 6,8 aif Depreciation, amortization an
Slide 13: Balance sheet
BALANCE SHEET 2020 #4 ASSETS Non-current assets Intangible assets 74,3 74,8 Property, plant and equipment 24,3 29,5 Right-of-use asset 11,9 12,3 Non-current assets interest-bearing 7.8 0.0 Non-interest-bearing 8,5 6,0 126,9 122,7 Current assets Inventories 83,5 108,6 Current assets interest-bearing
Slide 14: Shares and shareholders
SHARES AND SHAREHOLDERS Share Price Index Performance SHARE RELATED DATA (6/2020) Market capitalization 00,6 MEUR 12-month high / low 3.43 / 2.15 EUR All-time high / low 8.40 / 2.15 EUR 05 20 85 MAJOR SHAREHOLDERS (6/2020) % OF TOT. 60 Viellard Migeon & Cie 38,5 % 2/19 03/20 Sofina S.A. 19,2.% Nordi