Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Investor Presentation (June 2018)
23 slides from Fiskars Oyj Abp's investor presentation, June 2018
Slide 1: Fiskars Group – Building a family of iconic lifestyle brands
Fiskars Group – Building a family of iconic lifestyle brands Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford, Wedgwood, Arabia, Gilmour, Royal Albert, Royal Doulton, Rörstrand
Slide 2: 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 assura
Slide 3: Making the everyday extraordinary
Making the everyday extraordinary
Slide 4: Why invest in Fiskars
Why invest in Fiskars Global consumer Key competitive Targeting to grow Strong balance goods company advantages include organically and through sheet and nine with a unique family strong brands and acquisitions, with the years of base of lifestyle brands innovation, consumer potential to further imp
Slide 5: Making the everyday extraordinary
Making the everyday extraordinary ESTABLISHED IN 1649 GLOBALLY RECOGNIZED BRANDS PRODUCTS IN MORE THAN 100 COUNTRIES NET SALES IN 2017 1,186 EUR MILLION 7,900 EMPLOYEES IN OVER 30 COUNTRIES
Slide 6: Fiskars in 2017
Fiskars in 2017 NET SALES BY REPORTING SEGMENT NET SALES BY SALES BY BRAND GEOGRAPHICAL AREA Living Key categories 49% TABLETOP INTERIOR DÉCOR GIFTING EUR million 573.9 Functional Key categories 51% GARDENING SCHOOL, OFFICE AND CRAFT Europe 48% Fiskars Royal Copenhagen KITCHEN Waterford Iittala Amer
Slide 7: Building a family of iconic lifestyle brands
Building a family of iconic lifestyle brands
Slide 8: Building a family of iconic lifestyle brands
Building a family of iconic lifestyle brands 1883 1883 1986 1986 2014 2014 Fiskars Fiskarsbecomes becomes Gerber Gerber Watering Wateringbrands brands a alimited limitedcompany company acquired acquired acquired acquiredininthe theU.S. U.S. 1649 1649 1967 1967 2008 2008 2016 2016 Fiskars Fiskars Fis
Slide 9: Making the everyday extraordinary: vision, mission and strategic priorities
VISION MISSION CORE BELIEF VALUES CREATING A POSITIVE, BUILDING A FAMILY WELL-CRAFTED INNOVATION LASTING IMPACT ON OF ICONIC IS SIMPLY INTEGRITY OUR QUALITY OF LIFE LIFESTYLE BRANDS THE BEST ACCOUNTABILITY TEAMWORK FUNDAMENTALS MAKING THE EVERYDAY EXTRAORDINARY CONSUMER VALUE PROPOSITION STRATEGIC P
Slide 10: SBU Living
English & Crystal Living Scandinavian Living Net sales, EUR million Comparable EBITA,% 200 SBU LIVING 150 20,4% 20.4% offers premium and luxury products for tabletop, 13,4% 100 giftware and interior décor 5,6% 5,9% 50 3,0% 0 Q1 Q2 Q3 Q4 Q1 2017 2017 2017 2017 2018
Slide 11: SBU Functional
SBU FUNCTIONAL provides tools for use in and around the house as well as outdoors Net sales, EUR million Comparable EBITA,% 200 150 15,2% 15,7% 100 11,0% 10,0% 50 0,8% 0 Q1 Q2 Q3 Q4 Q1 2017 2017 2017 2017 2018
Slide 12: Other
OTHER Other segment contains the corporate headquarters, shared services, investment portfolio and real estate unit. Since the beginning of 2018, Fiskars has adopted the IFRS 9 accounting standard. The shares in Wärtsilä are therefore no longer treated as financial assets at fair value through profi
Slide 13: Main markets for the key international brands
Main markets for the key international brands AMERICAS EUROPE ASIA-PACIFIC Sales split in 2017 SBU Functional SBU Living
Slide 14: Key trends and growth drivers
Key trends and growth drivers Competitive advantages Growth avenues Deep consumer Solid trade Gain market share in Expand into new understanding relationships current businesses and markets (most recently geographical areas the Asian market) Invest in and enter new Leverage Strong brands Common glob
Slide 15: Sustainability focus areas
Sustainability focus areas LASTING CARING FOR PROTECTING THE DESIGN PEOPLE AND ENVIRONMENT COMMUNITIES
Slide 16: Sustainability targets
Sustainability targets OUR FOCUS LASTING CARING FOR PEOPLE PROTECTING THE AREAS DESIGN AND COMMUNITIES ENVIRONMENT 2027 • Have 50% of all materials used • Prolong the Fiskars career path of • Recover or recycle 100% of waste TARGETS in products from renewable or young talents by 25% generated within
Slide 17: Long-term financial targets
Long-term financial targets Growth The average annual net sales growth to Profitability exceed 5%, through a combination of EBITA margin to exceed 10% organic growth and targeted acquisitions Dividend Capital structure Fiskars aims to distribute a stable, Net gearing* below 100% over time increasing
Slide 18: Net sales and profitability development
Net sales and profitability development 1 200 +8% 55% 1 000 50% 800 43.2% 45% 42.5% 40.9% 41.0% 38.7% 600 40% 36.7% 35.4% 35.0% 400 33.5% 35% 200 30% 0 25% 2009 2010 2011 2012 2013 2014 2015 2016 2017 Net sales, EUR million Net sales CAGR Comp. gross profit
Slide 19: Quarterly figures
Quarterly figures Net sales, Comp. EBITA, EUR million EUR million 400 40 350 35 300 30 250 25 200 20 150 15 100 10 50 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2016 2016 2016 2016 2017 2017 2017 2017 2018 Net sales Comparable EBITA
Slide 20: SKU development
SKU development Number of Stock Keeping Units (SKU) Sales / SKU, EUR 40 000 80 000 35 000 70 000 30 000 60 000 25 000 50 000 +158% 20 000 40 000 15 000 30 000 10 000 20 000 5 000 10 000 0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Royal Nelson and WWRD Copenhagen Gilmour acquired acqui
Slide 21: Cash flow seasonality
Cash flow seasonality Cumulative cash flow from operating activities before financial items and taxes EUR million 150 100 50 0 -50 -100 Q1 Q2 Q3 Q4 2015 2016 2017 2018
Slide 22: Nine years of base dividend growth
Nine years of base dividend growth Dividend per share (DPS) history 2009-2017 EUR 2.60 1.30 0.75 0.70 0.71 0.72 0.67 0.68 0.62 0.65 0.60 0.52 0.36 0.35 0.36 2009 2010 2011 2012 2013 2014 2015 2016 2017 * *Proposal Base Dividend First dividend Extra Dividend Second dividend
Slide 23: Making the everyday extraordinary
Making the everyday extraordinary