Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q3 2016 Earnings Presentation
20 slides from Fiskars Oyj Abp's earnings presentation, Nov 2, 2016
Slide 1: Fiskars Group Q3 2016
FISKARS GROUP Q3 2016 November 2, 2016 - Helsinki, Finland
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: Key takeaways
• Net sales of the English & Crystal Living business increased • Fiskars continued the transformation into an Key integrated consumer goods company with a family of iconic lifestyle brands takeaways • Agreement to divest Ebertsankey container gardening business • Sale of Spring USA, a provider of fo
Slide 4: Fiskars Group in Q3/2016
Fiskars Group in Q3/2016 Improved operating profit and cash flow from operating activities Cash flow from Net sales Adjusted EBIT* operating activities** MEUR 280.8 MEUR 21.6 MEUR 40.3 -3% +107% (Q3/2015: 4.9) Operative EPS*** Comparable net sales EUR 0.15 (-0.18) +0.2% EPS EUR 0.52 (-0.83) * Costs
Slide 5: Record sales in School, Office and Craft category during the back to school season
Record sales in School, Office and Craft category during the back to school season 5 | Fiskars Q3 2016
Slide 6: Asian fit Iittala products launched in key Asian markets
Asian fit Iittala products launched in key Asian markets Taika Rice Bowl Taika Soup Bowl 6 | Fiskars Q3 2016
Slide 7: Partnership with Royal Doulton and Ellen DeGeneres
Partnership with Royal Doulton and world renowned television host and entrepreneur Ellen DeGeneres 7 | Fiskars Q3 2016
Slide 8: Entering the important gifting season in Q4
Entering the important gifting season in Q4 8 | Fiskars Q3 2016
Slide 9: Fiskars transformation continued in Q3/2016
Fiskars transformation continued in Q3/2016 SIMPLIFYING FUNCTIONAL STRUCTURES PRODUCTS BUILDING COMMON LIVING PLATFORMS PRODUCTS FOCUSING ON OUTDOOR CORE BUSINESSES PRODUCTS • Fiskars is on a transformation journey to become an integrated consumer goods company with a family of iconic lifestyle bran
Slide 10: Vision, mission and values
VISION CREATING A POSITIVE, LASTING IMPACT ON OUR QUALITY OF LIFE E CROUMER Vay é % VALUES CORE BELIEF WELL-CRAFTED MAKING THE INNOVATION iS SIMPLY EVERYDAY INTEGRITY THE BEST EXTRAORDINARY ACCOUNTABILITY TEAMWORK “Ropos* MISSION BUILDING A FAMILY OF ICONIC LIFESTYLE BRANDS FISKARS
Slide 11: Q3 2016 Reporting segments and key figures
Q3 2016 Reporting segments and key figures
Slide 12: Fiskars Group in Q3/2016
Fiskars Group in Q3/2016 Improved operating profit and cash flow from operating activities Net sales and Adjusted EBIT % Adjusted EBIT Comparable +0.2% growth -3% 334 +107% 290 296 293 281 21.9 21.6 16.8 17.3 10.4 1.8 -2.5 -1.5 -3.8 7.4% 7.7% -12.0 5.9% 5.0% 3.6% Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2
Slide 13: Net sales bridge Q3/2016
Net sales bridge Q3/2016 MEUR Comparable Comparable Comparable Comparable growth growth growth growth -1.2% +2.7% -7.2% +0.2% 289.7 -5.3 2.8 -1.9 -4.5 280.8 Q3 2015 Functional Living Outdoor Other Q3 2016 13 | Fiskars Q3 2016
Slide 14: Europe & Asia-Pacific in Q3 2016
Europe & Asia-Pacific in Q3 2016 Comparable -4.3% growth EUR Q1‒Q3 Q1‒Q3 -6% Q3 2016 Q3 2015 Change Change 2015 million 2016 2015 225 Net sales 177.5 188.6 -6%* 539.0 438.2 23%** 663.6 189 183 178 178 Operating profit (EBIT) 15.0 5.3 184% 19.1 20.2 -5% 34.9 Adjusted operating profit 11.5 11.4 1% 20.
Slide 15: Americas in Q3 2016
Americas in Q3 2016 Comparable 0.1% growth EUR Q1‒Q3 Q1‒Q3 -2% Q3 2016 Q3 2015 Change Change 2015 million 2016 2015 Net sales 116.4 119.1 -2%* 373.3 333.3 12%** 451.2 129 128 119 118 116 Operating profit (EBIT) 7.6 -0.2 43.0 26.3 64% 28.1 Adjusted operating profit 12.4 5.7 116% 46.1 33.5 38% 36.1 18
Slide 16: Cash flow and debt Q3/2016
Cash flow and debt Q3/2016 Cash flow after change in net Net debt working capital 318 307 249 65 227 211 39 40 5 -36 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Working capital Capex 260 239 233 242 12.6 191 10.1 9.6 7.8 8.2 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016
Slide 17: Key ratios Q3/2016
Key ratios Q3/2016 EPS Operative EPS 0.76 0.52 0.15 0.01 0.10 0.08 0.05 -0.26 -0.83 -0.18 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Equity ratio % Gearing % 28.2 27.0 65.1 66.1 68.2 63.0 63.7 20.9 20.3 18.1 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q3 2015 Q4 2015
Slide 18: Fiskars' investment portfolio
Fiskars’ investment portfolio • At the end of the period, the market value of Fiskars’ active investments was EUR 436.0 million (September 30, 2015: 452.3) • Consisting of shares in Wärtsilä valued at EUR 436.0 million (381.1), with a closing price of EUR 40.07 (35.47) per Wärtsilä share. • Fiskars
Slide 19: Outlook for 2016 remains unchanged
Outlook for 2016 remains unchanged • Fiskars expects the Group’s 2016 net sales and adjusted operating profit to increase from the previous year, despite the divestments, continued economic uncertainty – particularly in some of the company’s key markets – and the increased costs due to unfavorable e
Slide 20: Making the everyday extraordinary
Making the everyday extraordinary