Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — Q3 2015 Earnings Presentation
20 slides from Apetit Oyj's earnings presentation, Oct 30, 2015
Slide 1: Apetit Plc Interim Report Q3/2015
Apetit Plc Interim Report Q3/2015 Brifing for Analysts and Media 30 October 2015 at 10:00 a.m. Scandic Simonkenttä, Helsinki, Finland Juha Vanhainen, CEO Eero Kinnunen, CFO APETIT PLC 1
Slide 2: CEO's Review Q3
Inauguration of the Inkoo grain port and 8/18/2015 Avena 20th anniversary were celebrated in August. CEO’s Review Q3 APETIT PLC 2
Slide 3: Wellness from untainted farmland and waters
Wellness from untainted farmland and waters Food Business Grains and Oilseeds Business • Frozen vegetables and frozen ready meals • Trading of grains, Fresh fish and fish oilseeds and products feedstuffs • Pre-prepared fresh fruit • Vegetable oils and vegetable products • Feedstuffs Oilseed products
Slide 4: Profitability improved but remained unsatisfactory
Apetit Profitability improved but Q3/2015 remained unsatisfactory • Decline in the retail trade and professional food service sales continued in late summer. In Apetit Food Business, however, the operating profit excluding non-recurring items improved on the first half of the year and sales were on
Slide 5: Net sales and customers
Apetit Q3/2015 Net sales and customers Food Business Grains and Oilseeds Business • The market continued to be challenging for the retail trade and • In the grain trade, deliveries were on the level of the comparison the professional food service sector in Finland. period despite the fact that the a
Slide 6: The sales of Apetit Kotimainen Domestic product range
Apetit The sales of Apetit Kotimainen Q3/2015 Domestic product range • Sales of the Apetit Kotimainen domestic product range in the frozen foods group were on the same level than in the previous year. • The total value of the whole frozen food market in the past year has remained unchanged *. Apetit
Slide 7: Operating profit in Food Business
Apetit Operating profit in Food Business Q3/2015 Excluding non-recurring items Food Business’s operating profit excluding Food Business non-recurring items was EUR 0.5 (0.1) million Operating Profit, excluding non-recurring items, EUR million • The profitability of the fish products group improved i
Slide 8: Operating profit in Grains and Oilseeds Business and Other Operations
Apetit Operating profit in Grains and Oilseeds Q3/2015 Business and Other Operations Excluding non-recurring items Grains and Oilseed Business’s operating profit Grains and Oilseeds Business Operating Profit, excluding non-recurring items, EUR million excluding non-recurring items was EUR 1.9 (1.9)
Slide 9: Profitability programmes progressed in Food Business
Apetit Profitability programmes progressed Q3/2015 in Food Business • In the fish products group operations were further Profitability programmes concentrated in Kuopio as of the beginning of September. • In the fresh products group we have significantly streamlined Fish products group, Finland prod
Slide 10: Apetit sells its holding in Taimen Oy
Apetit Apetit sells its holding in Q3/2015 Taimen Oy • On 30 September 2015, Apetit announced in a stock exchange release that in accordance with the joint sale conditions of the shareholder agreement, it had decided to sell its 23.7 per cent holding in Taimen Oy. • Apetit decided not to use its rig
Slide 11: The new grain port in Inkoo inaugurated in August
Apetit The new grain port in Inkoo Q3/2015 inaugurated in August • Avena Nordic Grain Oy, invests EUR 1.8 million in the development of grain reception, storage and export facilities at the Inkoo deepwater port. • Three bulk dry stores with a combined total area of 6,120 m2. • Makes grain loading po
Slide 12: The Outlook 2015
Apetit Apetit heinä-syyskuu The Outlook 2015 Q3/2015 205 The Group’s full-year operating profit excluding non-recurring items is expected to fall short of the previous year’s level. The final-quarter operating profit excluding non-recurring items is expected to be lower than a year earlier. Owing to
Slide 13: CFO's Review
CFO’s Review Q3/2015 APETIT PLC 13
Slide 14: Group's net sales and operating profit excluding non-recurring items
Apetit Group’s net sales Apetit and operating profit excluding non- Q3/2015 recurring items Net sales Operating profit excluding non-recurring items Apetit Group, comparison 2015/2014 Apetit Group, comparison 2015/2014 8.0 7.3 384.7 400.0 6.0 5.3 264.0 300.0 267.0 4.0 EUR million EUR million 2.0 1.6
Slide 15: Key Figures Q3/2015
Apetit Key Figures Q3/2015 Q3/2015 Q1–Q3/ Q1–Q3/ EUR million Q3/2015 Q3/2014 2014 2015 2014 Net sales 75.3 77.0 267.0 264.0 384.7 Operating profit excluding non- recurring items 1.5 1.6 -1.5 2.0 7.3 Operating profit -2.8 -11.1 -5.1 -11.2 -5.9 Profit before taxes -3.8 -11.1 -6.3 -12.1 -8.1 Profit for
Slide 16: Balance sheet
Apetit Q3/2015 Balance sheet 30 September 30 September 31 December ASSETS 2015 2014 2014 Tangible assets 43.5 42.1 41.1 Investments in associated companies 22.1 33.0 34.9 Inventories 67.1 71.2 53.8 Receivables 34.0 36.1 29.6 Other assets 29.4 22.3 26.2 Total assets 196.1 204.6 185.7 EQUITY AND LIABI
Slide 17: Summary
Summary APETIT PLC 17
Slide 18: Apetit's near term priorities
Apetit’s near term priorities We will implement our profitability improvement programmes and develop the Food Business in response to market challenges. We will continue to invest in the development and growth of the profitable Grains and Oilseeds Business. We will create a new strategy to ensure pr
Slide 19: Discussion
The harvest of yellow turnip in Satakunta is well underway. Discussion APETIT PLC 19
Slide 20: Thank you for your interest!
Thank you for your interest! Contact Follow us Group CEO Apetit Juha Vanhainen Apetit Plc Tel. +358 10 402 00 Apetit Luonnollisesti Hyvää ja Apetit Oyj Firstname.lastname@apetit.fi www.apetit.fi www.apetitgroup.fi Apetit Oyj APETIT PLC INTERIM REPORT Q3/2015 30 October 2015 20