Slide 1: Result continued to strengthen, operating environment remains challenging
RESULT CONTINUED TO STRENGTHEN, OPERATING ENVIRONMENT REMAINS CHALLENGING Raisio's Interim Report Q3/2023 CEO Pekka Kuusniemi Raisio plc, 1 November 2023
Slide 2: Raisio Group's net sales and EBIT 1–9/2023
Raisio Group's net sales and EBIT 1–9/2023 Continuing operations without Raisioaqua NET SALES COMPARABLE EBIT AND PROFITABILITY IMPROVED BY +40.1% IN COMPARABLE EBITDA JANUARY–SEPTEMBER M€ 0% M€ +25.1% • Weakened household purchasing power and 24.8 fading demand continued to pose challenges 165.2 16
Slide 3: Raisio Group's net sales and EBIT Q3/2023
Raisio Group's net sales and EBIT Q3/2023 Continuing operations without Raisioaqua NET SALES COMPARABLE EBIT AND PROFITABILITY IMPROVED BY +13.9% IN COMPARABLE EBITDA JULY–SEPTEMBER M€ M€ +10.2% -0.7% • In the consumer markets, net sales varied 10 9.9 between markets: the value of sales rose in 60 5
Slide 4: Substantially strong cash flow
Substantially strong cash flow 1–9/2023 1–9/2022 IMPROVED GROSS MARGIN BOOSTED CASH FLOW Cash flow, M€ 28.0 0.4 • Cash flow was improved by a Investments, M€ 7.4 3.6 decrease in working capital Equity ratio, % 79.5 79.2 and an improvement in profitability. Equity per share, € 1.62 1.63 • Investments
Slide 5: Outlook
Outlook 2023 RAISIO’S GUIDELINES, ISSUED ON 10 JULY 2023: Raisio expects comparable net sales to be at or slightly below the previous year’s level. Comparable profit is expected to increase from the previous year, to between EUR 21 and 23 million. Raisio's previous guidance for 2023: The company is
Slide 6: Overview by segment: Healthy Food
OVERVIEW BY SEGMENT: Healthy Food 1 November 2023 Raisio’s Interim Report January–September 2023 6
Slide 7: Healthy Food Segment Q3/2023
Healthy Food Segment Q3/2023 • Healthy brand products for consumers • The main market areas are Finland, the UK, Ireland, Poland, Belgium and Ukraine GEOGRAPHICAL BREAKDOWN OF QUARTERLY DEVELOPMENT OF NET SALES: NET SALES Q3/2023: Q4/22 vs Q1/23 vs Q2/23 vs Q3/23 vs 6% Q4/21 Q1/23 Q2/22 Q3/22 40% We
Slide 8: Healthy Food Segment's net sales and EBIT Q3/2023
Healthy Food Segment’s net sales and EBIT Q3/2023 NET SALES COMPARABLE EBIT DIFFERENCES IN DEVELOPMENT BETWEEN MARKET AREAS AND M€ -14.4% BRANDS M€ -1.0% 7 6.6 • Marketing investments increased markedly from the comparison period. In 40 36.7 36.3 6 5.7 the Western European consumer markets, profitab
Slide 9: New products gain in importance during economically challenging times
New products gain in importance during economically challenging times SALES OF NEW PRODUCTS IN FINLAND IN RELATION TO NET SALES IN FINLAND M€ 20 15 10 5 13.91 % 14.49 % 16.17 % 6.98 % 9.46 % 10.02 % 3.89 % 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 New products launched in 2022 and 2023 1 November 2023 Raisio
Slide 10: Overview by segment: Healthy Ingredients
OVERVIEW BY SEGMENT: Healthy Ingredients 1 November 2023 Raisio’s Interim Report January–September 2023 10
Slide 11: Healthy Ingredients Segment Q3/2023
Healthy Ingredients Segment Q3/2023 INGREDIENTS • Sale of grain-based foods and ingredients and sale of plant proteins to industrial and catering companies • Benecol® licensing • Global market with a focus on Europe 1 November 2023 Raisio’s Interim Report January–September 2023 11
Slide 12: Healthy Ingredients Segment's net sales and EBIT Q3/2023
Healthy Ingredients Segment’s net sales and EBIT Q3/2023 Continuing operations without Raisioaqua JULY–SEPTEMBER NET SALES NET SALES COMPARABLE EBIT REMAINED AT THE LEVEL OF THE M€ COMPARISON PERIOD M€ -0.5% +730.4% • Raisio’s sales to both domestic and 29.6 29.5 2 foreign bakeries and industrial an
Slide 13: Low grain yields in 2023
Low grain yields in 2023 • The poor harvest was caused by drought at the beginning of the growing season and exceptionally heavy rainfall in early September, the time of harvest. • The rains in early September significantly reduced the quality of spring grains – wheat, oats and barley. • The spring
Slide 14: Raisio's Healthy Growth Strategy 2022–2025
Raisio's Healthy Growth Tailwind behind our back Strategy 2022–2025 Plant-based eating High-quality options As plant-based eating becomes more widespread and Benecol® and the range of products on offer expands, more and plant stanol ester more expectations are being placed on product quality. soluti
Slide 15: Development of Raisio's long-term financial targets
Development of Raisio’s long-term financial targets 1–9/ 1–9/ Change % 1–12/ Goal ENCOURAGING GROWTH IN OAT 2023 2022 2022 2022–2025 PRODUCTS IN A DIFFICULT Net sales, M€ 165.3 165.2 0.0% 220.8 CAGR 9% OPERATING ENVIRONMENT Net sales, strategic focus areas, 128.5 128.3 0.2% 171.8 CAGR 11% M€ • The s
Slide 16: Raisio
RAISIO
Slide 17: www.raisio.com
RAISIO WWW.RAISIO.COM