Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Fiskars Group — Investor Presentation (September 2021)

41 slides from Fiskars Oyj Abp's investor presentation, September 2021

  1. Slide 1: Investor presentation August-September 2021

    Investor presentation August-September 2021 Fiskars Group Q3 2020

  2. Slide 2: Content

    Content • Fiskars Group in brief • Business Areas • Financials • Appendices ⓒ Fiskars Group 2021 August-September 2021 2

  3. Slide 3: Fiskars Group in brief

    Fiskars Group in brief ⓒ Fiskars Group 2021 3

  4. Slide 4: Making the everyday extraordinary

    Our purpose: Making the everyday extraordinary ⓒ Fiskars Group 2021 August-September 2021 4

  5. Slide 5: Strong brand portfolio

    Strong brand portfolio ⓒ Fiskars Group 2021 August-September 2021 5

  6. Slide 6: Key categories in 2020

    Key categories in 2020 NET SALES BY SEGMENT CREA SCISSORS & CREATING COOKING 15% TERRA VITA 41% GARDENING TABLEWARE OUTDOOR DRINKWARE 44% WATERING INTERIOR ⓒ Fiskars Group 2021 August-September 2021 6

  7. Slide 7: Net sales in 2020

    Net sales in 2020 NET SALES COMPARABLE EUR 1,162 EBITA MILLION EUR 136.8 MILLION NET SALES SPLIT BY BRAND NET SALES SPLIT BY GEOGRAPHY 21% 14% Asia-Pacific Other brands 43% Fiskars 5% 44% Waterford Europe 6% Wedgwood 42% Americas 7% Gerber 8% 8% Iittala Royal Copenhagen ⓒ Fiskars Group 2021 August-S

  8. Slide 8: Main markets for the key international brands

    Main markets for the key international brands Americas Europe Asia- Pacific Fiskars Gerber Iittala Royal Copenhagen Wedgwood Waterford Based on net sales split in 2019 ⓒ Fiskars Group 2021 August-September 2021 8

  9. Slide 9: Our global presence

    Our global presence EMPLOYEES >6,000 PRESENCE IN 30 COUNTRIES BRANDS AVAILABLE IN MORE THAN 100 COUNTRIES MORE THAN 350 STORES ⓒ Fiskars Group 2021 August-September 2021 9

  10. Slide 10: Fiskars Group commits to climate action by joining the UN Business Ambition for 1.5°C

    Fiskars Group commits to climate action by joining the UN Business Ambition for 1.5°C and setting science-based targets Fiskars Group’s science-based targets are: 1. Fiskars Group commits to reduce greenhouse gas emissions from own operations (scope 1 and 2) 60% by 2030 from a 2017 base year. 2. Fis

  11. Slide 11: Organizational structure

    Organizational structure CEO NATHALIE AHLSTRÖM JO HAN Sales HEDBERG Business Area Business Area Business Area Consumer Experience & T INA AND E RS SO N Communications RIST O Supply Chain G AG G L VITA TERRA CREA PET ER Digital & IT CAB EL LO HO LM BERG JUSSI Finance & Strategy SIIT O NEN CHRISTIAN J

  12. Slide 12: Update on programs provided in the Q2 2021 report

    Update on programs provided in the Q2 2021 report Transformation program Restructuring program Focusing on: Focusing on: • The Vita business, to improve its profitability • Synergies and efficiencies in our selling and administrative spending, as well as evaluating our entire supply and • Actions in

  13. Slide 13: Business Areas

    Business Areas ⓒ Fiskars Group 2021 August-September 2021 14

  14. Slide 14: Business Area Vita

    Business Area Vita KEY CATEGORIES NET SALES AND COMPARABLE EBITA MARGIN 200 35% 180 171,6 171,1 30% 160 22,1 % 25% Tableware Drinkware Interior 140 20% 117,6 15,7 % 115,6 120 111,0 108,2 15% 101,3 100 8,0 % 93,6 13,2 % 10% 11,5 % 12,1 % 80,9 80 5% KEY BRANDS 60 0% 40 -0,5 % -5% -3,8 % 20 -10% -9,8 %

  15. Slide 15: Business Area Vita: key markets and distribution channels

    Business Area Vita KEY MARKETS DISTRIBUTION CHANNELS • Nordics • UK Retailers; stores & Direct consumer sales; • U.S. e-comm stores & e-comm • Japan Hospitality BtoB ⓒ Fiskars Group 2021 August-September 2021 16

  16. Slide 16: Business Area Terra

    Business Area Terra KEY CATEGORIES NET SALES AND COMPARABLE EBITA MARGIN 180 25% 153,7 157,1 160 148,7 140 20% Gardening Outdoor Watering 124,5 129,3 20,5 % 120 113,1 17,7 % 95,7 97,8 15% 100 95,1 15,0 % 80 12,5 % 11,8 % 10% KEY BRANDS 60 9,1 % 40 7,8 % 5% 20 0,1 % 2,9 % 0 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

  17. Slide 17: Business Area Terra: key markets and distribution channels

    Business Area Terra KEY MARKETS DISTRIBUTION CHANNELS • U.S. • North & Central Retailers; Direct stores & BtoB consumer sales; Europe e-comm stores & e-comm ⓒ Fiskars Group 2021 August-September 2021 18

  18. Slide 18: Business Area Crea

    Business Area Crea KEY CATEGORIES NET SALES AND COMPARABLE EBITA MARGIN 50 40% 44,8 43,5 41,5 42,2 35% 38,5 39,5 40 Scissors Cooking 35,0 28,4 % 34,2 % 35,9 30% & creating 32,3 27,7 % 25% 30 24,3 % 23,6 % 20% 20,4 % 19,6 % 20 18,0 % 17,4 % 15% KEY BRANDS 10% 10 5% 0 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 201

  19. Slide 19: Business Area Crea: key markets and distribution channels

    Business Area Crea KEY MARKETS DISTRIBUTION CHANNELS • U.S. • North & Central Retailers; Direct stores & consumer sales; BtoB Europe e-comm stores & e-comm ⓒ Fiskars Group 2021 August-September 2021 20

  20. Slide 20: Store evolution – Iittala Vintage

    CASE Store evolution – Iittala Vintage Rolled out in all own Iittala stores in Finland in 2019 and Sweden in 2021. A pilot in Denmark is being planned, with the long-term target to expand the service further. ⓒ Fiskars Group 2021 August-September 2021 21

  21. Slide 21: Kitchenware service

    Kitchenware service ​In February, the kitchenware service expanded to new product categories, as in addition to Arabia, also Iittala, Fiskars and Hackman products are available In the service, tableware, cutlery, drinking glasses and cookware are available from the same service for a monthly fee The

  22. Slide 22: Brands with own e-commerce

    Brands with own e-commerce ⓒ Fiskars Group 2021 August-September 2021 23

  23. Slide 23: Store network

    Store network A total of 375 own stores at the end of 2020 BY REGION BY TYPE 2% 11% Americas Store 34% EMEA 23% Outlet 66% Concession 64% APAC ⓒ Fiskars Group 2021 August-September 2021 24

  24. Slide 24: Financials

    Financials ⓒ Fiskars Group 2021

  25. Slide 25: Group net sales and profitability development

    Group net sales and profitability development 1 400 60% 1 205 1 186 1 200 1 107 1 119 1 116 55% 1 090 1 000 50% 799 768 800 716 743 748 42,5 % 43,2 % 43,4 % 45% 660 40,9 % 41,0 % 41,0 % 40,5 % 600 38,7 % 40% 36,7 % 35,4 % 35,0 % 400 33,5 % 35% 200 30% 0 25% 2009 2010 2011 2012 2013 2014 2015 2016 20

  26. Slide 26: Long-term target to reach an EBITA margin of 12%

    Long-term target to reach an EBITA margin of 12% COMPARABLE EBITA 160 18% 136,8 140 16% 119 121,7 120 107,1 14% 12,3 % 100 90,6 10,9 % 12% 80 75,7 10,0 % 11,3 % 8,9 % 10% 60 10,1 % 8,3 % 9,5 % 6,8 % 8% 40 8,0 % 20 6,7 % 6% 5,6 % 0 4% 2015 2016 2017 2018 2019 2020 Comparable EBITA, EUR million Compar

  27. Slide 27: Quarterly development – last 3 years

    Quarterly development – last 3 years NET SALES, EUR MILLION COMPARABLE EBITA, EUR MILLION 350 60 324 308 313 307 302 300 48,8 49,9 49,8 280 50 269 265 267 256 256 44,8 249 250 39,3 40 35,1 200 30 28,6 27,0 25,9 150 18,9 20 16,1 100 13,4 50 10 0 0 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20

  28. Slide 28: Seasonalities creating balanced income profile

    Seasonalities creating balanced income profile NET SALES COMPARABLE EBITA 4% 7% 3% 4% 4% 4% 9% 9% 8% 4% 12% 13% 10% 5% 26% 16% 15% 10% 16% 9% 10% 0% -3% 8% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Vita Terra Crea Vita Terra Crea Seasonal distribution by quarter and business area in 2019-2020. Percentages as share of

  29. Slide 29: SKU reduction ongoing with potential remaining

    SKU reduction ongoing with potential remaining Number of Stock Sales / SKU, EUR Keeping Units (SKU) 45 000 90 000 40 000 80 000 Targeting to reach the previous high in sales / SKU 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

  30. Slide 30: Cash flow

    Cash flow Cash flow from operating activities before financial items and taxes EUR million 140 120 115,6 100 92,2 89,8 84,7 80 55,8 60 48,1 46,7 41,1 40 20 10,5 10,7 0 -20 -25,8 -40 -37,5 -60 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Cash flow Rolling 12 months average

  31. Slide 31: Capital expenditure

    Capital expenditure DEPRECIATION, AMORTIZATION CAPEX, EUR MILLION AND IMPAIRMENT, EUR MILLION 80 76,1 50 14% 46,2 45 70 12% 40,0 59,6 40 37,6 60 35,0 35 32,4 32,8 10% 50 30,0 42,8 43,8 30 8% 37,4 38,8 40 25 6% 28,5 20 30 15 4,6 % 4% 20 4,1 % 10 3,7 % 2,9 % 3,1 % 10 2,8 % 2,7 % 2% 5 0 0 0% 2014 2015

  32. Slide 32: Solid balance sheet

    Solid balance sheet NET DEBT, EUR MILLION NET GEARING AND EQUITY RATIO 350 80% 80% 69 % 69 % 70 % 300 289,5 70% 70% 261,1 60% 56 % 57 % 56 % 60% 250 49 % 50% 50% 200 152,0 40% 40% 148,0 143,7 145,3 150 135,4 38% 30% 34% 30% 100 20% 20% 19% 19% 50 10% 10% 12% 12% 11% 0 0% 0% 2016 2017 2018 2019 2020

  33. Slide 33: Long-term financial targets unchanged

    Long-term financial targets unchanged GROWTH PROFITABILITY CAPITAL STRUCTURE DIVIDEND The average annual net sales EBITA margin Net gearing** below 100% Fiskars aims to distribute a growth to exceed 5%, through a to reach 12% stable, over time increasing combination of organic growth dividend, to be

  34. Slide 34: Wärtsilä share distribution changed the baseline for dividend growth

    Wärtsilä share distribution changed the baseline for dividend growth Wärtsilä share Dividend per share (DPS) history 2009–2020 distribution EUR 5.31 2.60 1,40 1.30 1,20 1,00 0,80 0.75 0.72 0.70 0.71 0.65 0.67 0.68 0.60 0.62 0.60 0,60 0.52 0.54 0.56 0.36 0.30 0,40 0.27 0.28 0,20 0.35 0.30 0.36 0.28 0

  35. Slide 35: Appendices

    Appendices ⓒ Fiskars Group 2021 August-September 2021 36

  36. Slide 36: Largest shareholders as of July 31, 2021

    Largest shareholders as of July 31, 2021 # Shareholder name Number of shares % of shares and votes 1 Virala Oy Ab 12,650,000 15.44 2 Turret Oy Ab 10,885,961 13.29 3 Holdix Oy Ab 10,165,537 12.41 4 Bergsrådinnan Sophie von Julins Foundation 2,556,000 3.12 5 Oy Julius Tallberg Ab 2,554,350 3.12 6 Grip

  37. Slide 37: Shareholder structure as of July 31, 2021

    Shareholder structure as of July 31, 2021 5,6% 12,2% Private companies 34,6% Households 14,2% Financial and insurance institutions Public sector and non-profit organizations Nominee registered and non- Finnish holders 33,5% Number of % of total Number of % of shares Sector shareholders shareholders

  38. Slide 38: Fiskars Group Leadership Team

    Fiskars Group Leadership Team NATHALIE AHLSTRÖM JUSSI SIITONEN TINA ANDERSSON CHRISTI AN BACHLER JAMES BROUILLARD RISTO GAGGL President & CEO Chief Financial Officer, Chief Consumer Officer Executive Vice President, Executive Vice President, Chief Supply Chain Officer deputy to the CEO BA Vita BA Te

  39. Slide 39: Board of Directors

    Board of Directors PAUL JYRI ALBERT LOUISE EHRNROOTH LUOMAKOSKI EHRNROOTH FROMOND Chairman Vice Chairman INKA FABI AN PETER RITVA MERO MÅNSSON SJÖLANDER SOTAM AA ⓒ Fiskars Group 2021 August-September 2021 40

  40. Slide 40: 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 assuranc

  41. Slide 41: Making the everyday extraordinary

    Making the everyday extraordinary ⓒ Fiskars Group 2021 August-September 2021 42

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