Slide 1: Suominen Half-Year Financial Report 2022
SUOMINEN HALF-YEAR FINANCIAL REPORT 2022 Petri Helsky, President and CEO Toni Tamminen, CFO August 9, 2022
Slide 2: Q2/2022 and H1/2022 in brief
Q2/2022 and H1/2022 in brief Q2/2022 • Net sales were EUR 118.0 million (113.6) • Comparable EBITDA was EUR 1.9 million (15.3) • Cash flow from operations was EUR 11.9 million (1.2) H1/2022 • Net sales were EUR 228.3 million (229.0) • Comparable EBITDA was EUR 5.2 million (33.8) • Cash flow from ope
Slide 3: Financial Review
FINANCIAL RI EVI i: =
Slide 4: Net sales
Net sales Net sales, EUR million Net sales, EUR million 140 500 458.9 443.2 122.2 118.0 450 426.0 431.1 120 115.4 115.3 113.6 115.6 411.4 111.1 110.3 400 98.7 100 350 300 80 250 228.3 60 200 40 150 100 20 50 0 0 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 2017 2018 2019 2020 2021 H1/22 • I
Slide 5: EBITDA
EBITDA EBITDA, EUR million EBITDA, EUR million 20 18.5 70 18.0 18.1 60.9 18 60 16 15.3 13.5 50 47.0 14 12 40 34.3 33.7 10 9.0 8 30 25.6 6 4.2 20 4 3.3 1.9 10 2 5.2 0 0 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 2017 2018 2019 2020 2021 H1/22 • Q2 EBITDA was EUR 1.9 million (15.3). Currenc
Slide 6: Consolidated statement of profit or loss
Consolidated statement of profit or loss EUR thousand 4-6/2022 4-6/2021 1-6/2022 1-6/2021 1-12/2021 Net sales 118,019 113,647 228,288 228,980 443,219 Cost of goods sold -113,036 -96,913 -216,722 -192,038 -392,390 Gross profit 4,984 16,733 11,566 36,941 50,828 Other operating income 781 863 1,096 1,7
Slide 7: Cash flow from operations
Cash flow from operations Cash flow from operations, EUR million Cash flow from operations, EUR million 60 57.0 25 20.1 20 17.9 50 16.0 15 11.9 9.6 40 10 32.1 29.9 5 2.9 30 1.2 -8.9 0 22.2 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 20 -5 -2.7 11.1 9.2 -10 10 -15 0 2017 2018 2019 2020 2021
Slide 8: Progress in Strategy
PROGR! EOS IN STRAT! EGY
Slide 9: Mission, vision and strategy
Mission Vision Enabling our customers to win Frontrunner for nonwovens by creating quality nonwovens innovation and sustainability Strategy: Growth and profitability through sustainability, customer focus and efficiency We will grow by creating innovative and more sustainable nonwovens for our custo
Slide 10: Examples of strategy implementation
Examples of strategy implementation Safety Investing in capabilities Sustainable products 0 LTAs (lost-time accident) in Investment to upgrade one of Compostability test center H1/2022 our lines in Nakkila, Finland. Green Lab established in Paulinia site in Brazil achieved • Increases our capabiliti
Slide 11: Outlook
OUTLOOK
Slide 12: Outlook 2022
Outlook 2022 Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2022 will decrease clearly from 2021. The war in Ukraine has increased the already significant cost inflation in raw materials, energy and transportation. Also, while there ha
Slide 13: & Suominen ©9999 © BS
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Slide 14: Q3/2022 result publication on October 26
Q3/2022 result publication on October 26, 2022
Slide 15: Suominen - Pure Nordic Quality
Qa Suominen PURE NORDIC QUALITY