Suominen Oyj · OMXHEX:SUY1V
Suominen Oyj — J. W. Suominen Group — FY2001 Earnings Presentation
18 slides from Suominen Oyj's earnings presentation, Feb 6, 2002
Slide 1: J. W. Suominen Group Plc Financial Statements Pro Forma 2001
J. W. SUOMINEN GROUP PLC FINANCIAL STATEMENTS PRO FORMA 1 January - 31 December, 2001 PRESENTATION 6 FEBRUARY, 2002
Slide 2: Breakdown of Net Sales 1-12/2001, pro forma
Breakdown of Net Sales 1 - 12/2001, pro forma Flexible Packaging Webbing Products EUR 72.4 million EUR 16.3 million 41.6% 9.4 % EUR 174.1 million Nonwovens EUR 85.3 million 49.0 %
Slide 3: P & L in Brief, pro forma
P & L in Brief, pro forma January 1 - December 31 EUR million 2001 2000 Change % Net sales 174.1 181.3 -3.9 Operating Profit 12.2 16.3 -25.5 Profit before extraordinary items 9.3 14.1 -34.3 Taxes -2.8 -4.1 -32.4 Profit for the period 6.5 11.9 -45.5 Earnings per share, EUR 0.41 0.63 -34.9 Dividend pe
Slide 4: Key Figures, pro forma
Key Figures, pro forma 12/2001 12/2000 Earnings/share, E U R 0.41 0.63 Equity/share, E U R 3.86 3.92 C ash flow from operations/share, EU R 1,66 0.96 R eturn on equity, % (R O E) 10,5 16.3 R eturn on invested capital, % (R O I) 10.7 14.0 Equity ratio, % 43.5 40.2 G earing, % 81.5 93.6 G ross investm
Slide 5: Group Net Sales I/2000-IV/2001, pro forma
J.W. Suominen Group Net Sales I/2000 -IV/2001, pro forma 1 000 € 60 000 50 000 48 455 44 179 43 970 44 649 45 000 43 087 42 944 43084 40 000 30 000 20 000 10 000 0 I/2000 II III IV I/2001 II III IV
Slide 6: Group Operating Profit I/2000-IV/2001, pro forma
J.W. Suominen Group Operating Profit I/2000 -IV/2001, pro forma 1 000 € % 6 000 14 5 000 12 4 000 10 8 3 000 5 283 6 2 000 4 138 3 989 3 920 3 320 4 2 919 2 510 2408 1 000 2 0 0 I/2000 II III IV I/2001 II III IV - w/o extra costs
Slide 7: Net Sales by Business Area, pro forma
Net Sales by Business Area, pro forma January 1 - December 31 EUR 1000 2001 2000 Change % Nonwovens 85,264 90,356 -5.6 Flexible Packaging 72,370 72,618 -0.3 Webbing Products 16,328 17,981 -9,2 Group & Internal 153 298 Total 174,115 181,253 -3,9
Slide 8: Earnings by Business Area, pro forma
Earnings by Business Area, pro forma January 1 - December 31 EUR 1000 2001 2000 Change % Nonwovens 7,811 11,947 -34.6 Flexible Packaging 5,682 3,359 +69.2 Webbing Products -986 702 Group & Internal -349 322 Operating profit 12,158 16,330 -25.5 Financial income and expenses -2,886 -2,231 29.8 Profit
Slide 9: Nonwovens, pro forma
Nonwovens, pro forma January 1 - December 31 EUR million 2001 2000 Change % Net sales 85.3 90.4 -5.6 Operating Profit 7.8 11.9 -34.6 •Net sales fell as a consequence of production changes and temporarily weaker demand •Increased competition •Unfavourable raw material price development turned not unt
Slide 10: Nonwovens Net Sales I/2000-IV/2001
Nonwovens Net Sales I/2000 -IV/2001 1 000 € 30 000 24 606 25 000 22 608 22 007 21 972 21 930 21 135 21101 20 261 20 000 15 000 10 000 5 000 0 I/2000 II III IV I/2001 II III IV
Slide 11: Nonwovens Operating Profit I/2000-IV/2001
Nonwovens Operating Profit I/2000 -IV/2001 1 000 € % 4 000 20 3 500 18 16 3 000 14 2 500 12 2 000 10 3 396 8 1 500 2 906 2 925 2 817 2720 6 1 000 1848 1 623 1 523 4 500 2 0 0 I/2000 II III IV I/2001 II III IV - w/o extra costs
Slide 12: Flexible Packaging, pro forma
Flexible Packaging, pro forma January 1 - December 31 EUR million 2001 2000 Change % Net sales 72.4 72.6 -0.3 Operating Profit 5.7 3.4 +69.2 •Net sales at previous years’ level •Some of lesser profitable product areas out of sales, volumes down but average prices up •Concentrated management of produ
Slide 13: Flexible Packaging Net Sales I/2000-IV/2001
Flexible Packaging Net Sales I/2000 -IV/2001 1 000 € 25 000 20 000 19 234 18 102 18 214 18 243 18468 17 500 17 782 17 445 15 000 10 000 5 000 0 I/2000 II III IV I/01 II III IV
Slide 14: Flexible Packaging Operating Profit I/2000-IV/2001
Flexible Packaging Operating Profit I/2000 -IV/2001 1 000 € % 3 000 12 2 500 10 2 000 1 874 8 1 710 1505 1 500 1 310 6 1 157 924 1 000 780 4 500 2 0 0 I/2000 II III IV I/2001 II III IV -500 -219 -2 -1 000 -4
Slide 15: Webbing Products, pro forma
Webbing Products, pro forma January 1 - December 31 EUR million 2001 2000 Change % Net sales 16.3 18.0 -9.2 Operating Profit -1.0 0.7 •Restructuring of operations concluded in Q4 •One-time costs of EUR 0.7 mio •Weakening of transport industry in Q4 hit the material handling area
Slide 16: Webbing Products Net Sales I/2000-IV/2001
Webbing Products Net Sales I/2000 -IV/2001 1 000 € 10 000 9 000 8 000 7 000 6 000 4 516 4 625 4 730 4 774 4 546 5 000 4 110 4 000 3 541 3467 3 000 2 000 1 000 0 I/2000 II III IV I/2001 II III IV
Slide 17: Webbing Products Operating Profit I/2000-IV/2001
Webbing Products Operating Profit I/2000 -IV/2001 1 000 € % 600 25 20 350 289 15 190 206 10 100 17 5 0 I/2000 II III IV -33 I/2001 II III IV -150 -117 -5 -205 -10 -400 -15 -20 -650 -25 -631 - w/o extra costs
Slide 18: Prospects for 2002
Prospects for 2002 • Business basis not sensitive to cyclical changes • Growth expected in nonwovens and flexible packaging • Webbing products remain low (at least Q1 - Q2) • Focus on sales and better efficiency • Results are expected to improve – growing volumes – better cost structure – effect of