Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — FY2020 Earnings Presentation
25 slides from Apetit Oyj's earnings presentation, Feb 19, 2021
Slide 1: Financial Statements Release 2020
Financial Statements Release 2020 Esa Mäki, CEO, Apetit Plc APETIT PLC | Financial Statements Review 2020 19.2.2021 1
Slide 2: Goal-oriented work to implement the turnaround and improve profitability in 2020
Goal-oriented work to implement the turnaround and improve profitability in 2020 • Annual profitability improved by nearly EUR 9 million compared to the previous year. • Profit turnaround and systematic improvement of profitability from Q1 / 2020 • Success in developing operational activities despit
Slide 3: Financial performance
Financial performance APETIT PLC | Financial Statements Review 2020 19.2.2021 3
Slide 4: Net sales, EBITDA and operating profit
Net sales, EBITDA and operating profit Continuing operations October-December 2020 January-December 2020 • Net sales 82.0 (105.4) Meur • Net sales 292.9 (296.9) Meur • EBITDA 2.7 (0.1) Meur • EBITDA 10.1 (0.8) Meur • Operating profit 1.1 (-1.1) Meur • Operating profit 3.9 (-4.8) Meur Group, incl. di
Slide 5: Food Solutions October-December 2020
Food Solutions October-December 2020 The sales of frozen products increased in the retail and export operations. • The sales of frozen products increased especially in the retail segment and export operations. Net sales, EUR million • In 2020, food exports accounted for 9% of net sales (2019: 6%) 10
Slide 6: Oilseed Products October-December 2020
Oilseed Products October-December 2020 Profitability on a par with the previous year • Net sales grew and were EUR 16.4 (15.6) million in October– Net sales, EUR million December, thanks to increased sales volumes resulting from higher 10-12 2019 10-12 2020 1-12 2019 1-12 2020 rapeseed expeller dema
Slide 7: Grain Trade October-December 2020
Grain Trade October-December 2020 Profitability was impaired by the strong increase in grain prices Net sales, EUR million • Net sales in October–December decreased clearly to EUR 10-12 2019 10-12 2020 1-12 2019 1-12 2020 53.1 (77.4) million due to decreased delivery volumes. 194,9 194,3 • The relat
Slide 8: Strong financial position
Strong financial position EUR million 31.12.2020 31.12.2019 Working capital, continuing operations 48.4 64.0 Group’s net cash flow from operating activities 26.8 -5.9 Group’s total equity 95.0 93.9 Group’s net debt 20.6 33.7 Group’s Equity ratio, % 66.5 % 55.0 % Group’s Gearing, % 21.7 % 35.9 % Grou
Slide 9: Profit guidance for 2021
Profit guidance for 2021 APETIT PLC | Financial Statements Review 2020 19.2.2021 9
Slide 10: Profit guidance for 2021
Profit guidance for 2021 • The full-year operating profit from continuing operations is expected to improve year-on-year (EUR 3.9 million in 2020). APETIT PLC | Financial Statements Review 2020 19.2.2021 10
Slide 11: From returning profitability towards the development stage - key measures 2021
From returning profitability towards the development stage - key measures 2021 Food Solutions Oilseed Products Grain Trade • Further development in • Promotion of oilseed • Skillful use of trading operational and material cultivation by the opportunities efficiency renewed contract • Further refinin
Slide 12: Dividend proposal
Dividend proposal APETIT PLC | Financial Statements Review 2020 19.2.2021 12
Slide 13: Dividend proposal for the financial year 2020
Dividend proposal for the financial year 2020 • Dicvidend policy • The Board of Directors of Apetit Plc aims to ensure that the company’s shares provide shareholders with a good return on investment and retain their value. • The company will distribute at least 50 per cent of the profit for the fina
Slide 14: Covid-19 pandemic – impacts and measures
Covid-19 pandemic – impacts and measures APETIT PLC | Financial Statements Review 2020 19.2.2021 14
Slide 15: Impacts of the COVID-19 pandemic on Apetit's businesses
Impacts of the COVID-19 pandemic on Apetit’s businesses • The COVID-19 pandemic has affected the Food Solutions business the most. • Retail: • The retail demand for food increased clearly when the exceptional situation started in the spring: food consumption has shifted to people’s homes. • Conseque
Slide 16: Apetit's measures related to the COVID-19 pandemic
Apetit’s measures related to the COVID-19 pandemic • Apetit’s goal during the COVID-19 pandemic has been to ensure the health of employees, customers and other stakeholders while ensuring the undisrupted continuation of production, business operations and the food supply chain. • In order to reach t
Slide 17: Consistent implementation of the strategy
Consistent implementation of the strategy APETIT PLC | Financial Statements Review 2020 19.2.2021 17
Slide 18: APETIT PLC | Financial Statements Review 2020
APETIT PLC | Financial Statements Review 2020 19.2.2021 18
Slide 19: Financial objectives
Taloudelliset tavoitteet Financial objectives • EBITDA will be EUR 14 million in 2022 (continuing operations in 2019 EUR 0.8 million) • Return on capital employed (ROCE %) > 8% (2019: -4.0%) ➢ In light of the 2020 results, we are well on track to reach our financial objectives by the end of the stra
Slide 20: Optimising core business functions
Optimising core business functions Key measures in 2020: ✓ Construction of a bioenergy plant in conjunction with the Kantvik vegetable oil milling plant in Kirkkonummi. ✓ Development of functions and practices to match current business operations. ✓ Creation and development of appropriate partnershi
Slide 21: Strong foothold in Sweden
Strong foothold in Sweden Key measures in 2020: ✓ Introduction of the Apetit brand products (14 products) into the product selection of ICA, the largest retail chain in Sweden. ✓ Launch of sales cooperation with a local partner for the Food Service channel in Sweden. ✓ Establishment of new partnersh
Slide 22: Growth from plant-based added value products
Growth from plant-based added value products Key measures in 2020: ✓ Continuous development of new plant- and fish-based products and product groups. ✓ Launch of new product groups: first fully Finnish wok vegetables to shops’ frozen food sections. ✓ More customer-oriented operating model in the Foo
Slide 23: Developing farming partnerships
Developing farming partnerships Key measures in 2020: ✓ New contract growers and a record in pea cultivation area. ✓ Further development of Apetit’s responsible farming practices and their implementation among contract growers. ✓ Active participation in projects promoting soil fertility and carbon s
Slide 24: Sustainable actions
Sustainable actions Key measures in 2020: ✓ Adoption of wind power at all of the Group’s production facilities. ✓ Joining the food industry’s material efficiency commitment. ✓ Material review at the Säkylä production facility. ✓ Calculation of the environmental footprint of selected products. ✓ Deve
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