Raute Oyj Class A · OMXHEX:RAUTE
Raute Oyj Class A — Q1 2009 Earnings Presentation
20 slides from Raute Oyj Class A's earnings presentation, Apr 29, 2009
Slide 1: Interim report January 1-March 31, 2009
Interim report January 1- March 31,2009 April 29, 2009 Tapani Kiiski, President and CEO www.raute.com
Slide 2: Demand still at a low level
Demand still at a low level • The market situation of the plywood industry continues weak in all market areas • The low level of construction activity has made the market situation difficult for the LVL industry • Production capacity has been adapted to meet the lowered demand • The weakened market
Slide 3: 1-3/2009 in brief
1-3/2009 in brief MEUR 1-3 2009 1-3 2008 • New orders at a low level and the order Net sales 11.4 23.9 book continued to decrease Operating profit -2.2 1.2 – The market situation of the customer industries and the financial crisis have New orders: affected investment decisions • Project 2 27 deliver
Slide 4: Income statement and key figures
Income statement and key figures MEUR 1-3 2009 1-3 2008 2008 Net sales 11. 4 23.9 98.5 Operating profit -2.2 1.2 6.3 Financial income and expenses 0 0.1 0.5 Profit before tax -2.1 1.3 6.9 Income tax 0.2 -0.4 -2.2 Profit -1.9 1.0 4.7 Earnings per share, eur -0.47 0.24 1.18 Operating cash flow 1.0 16.
Slide 5: Balance sheet
Balance sheet MEUR 31.3.2009 31.3.2008 31.12.2008 Intangible 2.4 3.0 2.5 Tangible 11.1 11.0 11.2 Other non-current assets 0.6 1.0 0.8 Inventories 4.2 5.2 4.3 Receivables 16.8 28.4 20.3 Cash 21.8 24.9 21.1 Assets 56.9 75.6 60.2 Equity 32.3 34.8 34.3 Non-current liabilities 9.0 1.3 9.1 Customer deposi
Slide 6: New orders
New orders Q1 Q2 Q3 Q4 MEUR 140 120 100 80 60 40 20 0 2005 2006 2007 2008 2009 6 www.raute.com
Slide 7: Order book
Order book Q1 Q2 Q3 Q4 MEUR 90 80 70 60 50 40 30 20 10 0 2005 2006 2007 2008 2009 7 www.raute.com
Slide 8: Net sales
Net sales Q1 Q2 Q3 Q4 MEUR 120 100 80 60 40 20 0 2005 2006 2007 2008 2009 8 www.raute.com
Slide 9: Net sales by market area, %
Net sales by market area, % 1-3 2009 1-3 2008 South Other America Other 5% 1% 10 % South North America America 7% 13 % North Europe America 50 % 6% Europe 58% Russia 19 % Russia 31 % 9 www.raute.com
Slide 10: Operating profit
Operating profit 1-3 1-6 1-9 1-12 MEUR 10,0 8,0 6,0 4,0 2,0 0,0 2005 2006 2007 2008 2009 -2,0 -4,0 10 www.raute.com
Slide 11: Earnings per share
Earnings per share Earnings per share Dividend EUR 2,00 1,50 1,00 0,50 0,00 -0,50 -1,00 2005 2006 2007 2008 1-3 2008 1-3 2009 11 www.raute.com
Slide 12: Operating cash flow
Operating cash flow 1-3 1-6 1-9 1-12 MEUR 20,0 15,0 10,0 5,0 0,0 2005 2006 2007 2008 2009 -5,0 -10,0 -15,0 -20,0 12 www.raute.com
Slide 13: Investing in the future
Investing in the future Capital expenditure R&D expenditure R&D costs MEUR capital expenditure of net sales, % R&D costs of net sales, % 8,0 8% 7,0 7% 6,0 6% 5,0 5% 4,0 4% 3,0 3% 2,0 2% 1,0 1% 0,0 0% 2005 2006 2007 2008 1-3 2008 1-3 2009 13 www.raute.com
Slide 14: Return on investment (ROI) Return on equity (ROE)
Return on investment (ROI) Return on equity (ROE) 1-12 ROI 1-3 ROI 1-12 ROE 1-3 ROE 40 % 30 % 20 % 10 % 0% -10 % -20 % -30 % 2005 2006 2007 2008 31.3.2009 14 www.raute.com
Slide 15: Equity ratio and gearing
Equity ratio and gearing Equity ratio Gearing 80 % 60 % 40 % 20 % 0% -20 % -40 % -60 % -80 % 2005 2006 2007 2008 31.3.2009 15 www.raute.com
Slide 16: Number of personnel
Number of personnel Personnel, average Effective, average 700 600 500 400 300 200 100 0 2005 2006 2007 2008 31.3.2009 16 www.raute.com
Slide 17: Shareholders
Shareholders Development of the number Ownership at March 31, 2009 of shareholders 1800 Administratively registered Foreign shareholders 2% 1600 Institutions 2 % 3% 1400 Companies 6% Management 1200 5% 1000 800 600 400 200 Households 82 % 0 2005 2006 2007 2008 31.3.2009 17 www.raute.com
Slide 18: Market value
Market value Market value, MEUR Share price, EUR Closing price at 31.12. Average price 70 16,0 14,24 14,35 57,5 14,0 60 12,85 54,3 51,5 12,0 50 10,0 40 8,0 7,06 28,3 6,40 30 25,6 6,0 20 4,0 10 2,0 0 0,0 2005 2006 2007 2008 31.3.2009 2005 2006 2007 2008 31.3.2009 Series K shares appreciated to the va
Slide 19: Outlook for 2009
Outlook for 2009 • Customer industries: • Raute: – The difficult market situation is – Order book at a low level estimated to continue at least – Demand for project deliveries and to the end of year 2009 technology services at a low level – The financial crisis affects • The financial crisis and the
Slide 20: Contact information
Contact information Tapani Kiiski President and CEO +358 400 814 148 [email protected] Arja Hakala CFO +358 400 710 387 [email protected] www.raute.com