Fiskars Oyj Abp · OMXHEX:FSKRS
Fiskars Oyj Abp — Fiskars Group — Q3 2017 Earnings Presentation
24 slides from Fiskars Oyj Abp's earnings presentation, Oct 31, 2017
Slide 1: Fiskars Group January–September 2017
Fiskars Group October 31, Helsinki, Finland January–September 2017
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: Key takeaways for Q1–Q3 2017
Key takeaways for Q1–Q3 2017 1 2 3 4 5 Continued growth in Strong performance Both comparable net The trading challenges Outlook for 2017 has comparable net sales in the Scandinavian sales and in the U.S. continued been specified and comparable EBITA Living business comparable EBITA to constrain the
Slide 5: Q1–Q3 2017 Net sales EUR million
Q1–Q3 2017 Net sales Comparable EBITA** Cash flow from operating Earnings per share Operative earnings EUR million EUR million activities*** EUR million EUR per share EUR 866.3 83.5 27.0 2.59 0.59 -0.5% +18% Q1–Q3 2016: 43.2 Q1–Q3 2016: 0.27 Q1–Q3 2016: 0.33 Comparable net sales* +2.2% * Using compa
Slide 6: Comparable net sales and EBITA grew in Q3 2017
Comparable net sales and EBITA grew in Q3 2017 Net sales Comparable EBITA** Cash flow from operating Earnings per share Operative earnings EUR million EUR million activities*** EUR million EUR per share EUR 270.1 29.1 24.8 1.20 0.25 -3.8% +17% Q3 2016: 40.3 Q3 2016: 0.52 Q3 2016: 0.15 Comparable net
Slide 7: Fiskars Group in Q3 2017
Fiskars Group in Q3 2017 Net sales and comparable EBITA % EBITA EUR million EUR million +1.1% Comparable growth -3.8% 334 +17% 306 281 290 270 36.3 32.0 29.1 24.9 22.4 10.9% 10.5% 10.8% 8.9% 7.7% -1.5 -1.1 -1.1 1.3 -8.9 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017
Slide 8: Net sales bridge Q3 2017
Net sales bridge Q3 2017 Net sales Comparable EUR million growth +1.1% 282,0 280.8 -8.3 280,0 278,0 276,0 274,0 -5.3 5.4 -2.3 272,0 -0.2 270.1 270,0 268,0 266,0 264,0 262,0 Q3 2016 FX rate Divestments SBU Functional SBU Living Other Q3 2017 8 Fiskars Q3 2017
Slide 9: Fiskars Group rolling 12 months performance
Fiskars Group rolling 12 months performance Comparable net sales, EUR million (currency neutral & excluding divestments) 1 200 1,152 1,185 1 100 1 000 903 900 800 753 700 600 500 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Comparable EBITA, EUR million 120 120 100 9
Slide 10: With the mission to build iconic lifestyle brands
With the mission to build iconic lifestyle brands Delivering on our strategic priorities 10 Fiskars Q3 2017
Slide 11: Living marketing highlights
Living marketing highlights • Wedgwood participated for the first time in the British Ceramics Biennial. The objective of this festival is to showcase and celebrate ceramics from across the world as an important part of the culture. • The partnership includes special exhibitions from artists and stu
Slide 12: Living marketing highlights
Living marketing highlights • The modern classic and one of Iittala’ most beloved series, Taika tableware, celebrated its 10-year anniversary through a successful campaign and new product introductions • Rörstrand’s Swedish Grace Rose started collaboration with Pink Ribbon, a nonprofit organization
Slide 13: Functional marketing highlights
Functional marketing highlights • Fiskars’ orange-handled scissors celebrate their 50th anniversary in 2017. With over a billion pairs sold world- wide, they have made Fiskars the biggest scissors brand in the world • In honor of the event, Fiskars invited artists and creative individuals from aroun
Slide 14: Functional marketing highlights
Functional marketing highlights • Gerber entered a new category as it introduced a new fishing collection for the adventurous angler, with sales starting in the U.S. in 2018 • In addition, Gerber teamed up with Hobie Kayaks - an influential leader in the kayak fishing market 14 Fiskars Q3 2017
Slide 15: Fiskars Q3 2017
Fiskars Q3 2017
Slide 16: Living in Q3 2017
Living in Q3 2017 EUR million Q3 2017 Q3 2016 Change 2016 Net sales Net sales 133.8 144.8 -7.6%* 598.1 EUR million Comparable EBITA 17.9 16.9 6% 59.4 Comparable Capital expenditure 3.6 3.1 14% 14.9 -1.7% growth *Using comparable exchange rates and excluding the net sales of the divested Spring USA (
Slide 17: Functional in Q3 2017
Functional in Q3 2017 EUR million Q3 2017 Q3 2016 Change 2016 Net sales Net sales 135.4 134.9 0.4%* 602.7 EUR million Comparable EBITA 13.6 9.8 40% 57.1 Comparable Capital expenditure 3.1 6.2 -50% 21.8 +4.2% growth *Using comparable exchange rates and excluding the net sales of the divested containe
Slide 18: Net sales by geography in Q3 2017
Net sales by geography in Q3 2017 Comparable EUR million Q3 2017 Q3 2016 Change change* 2016 Europe 131.3 126.1 4.2% 6.6% 555.3 Americas 105.8 116.4 -9.1% -1.7% 489.9 Asia-Pacific 33.6 34.0 -1.4% 3.5% 153.3 Unallocated** -0.6 4.3 6.2 *Using comparable exchange rates, excluding the divested Spring US
Slide 19: Other segment
Other segment • The Other segment contains the Group’s investment portfolio, the real estate unit, corporate headquarters and shared services • Along with the rest of the Group’s active investments, shares in Wärtsilä Corporation are treated as financial assets at fair value through profit or loss,
Slide 20: Cash flow and debt Q3 2017
Cash flow and debt Q3 2017 Cash flow from operating activities* EUR million Net debt, EUR million 257 In September, 78 228 226 49 211 Fiskars paid the 40 25 152 second installment of dividends (EUR 0.35 per share), -46 amounting to EUR Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q3 2016 Q4 2016 Q1 2017
Slide 21: Key ratios Q3 2017
Key ratios Q3 2017 EPS, euro Operative EPS, euro 1.20 1.07 0.23 0.25 0.52 0.51 0.31 0.19 0.15 0.14 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Equity ratio, % Net gearing, % 68.2 69.3 65.7 67.0 69.3 21.0 18.1 18.6 17.1 12.5 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017
Slide 22: Long-term financial targets
Long-term financial targets Growth: The average annual net sales growth to Profitability: exceed 5%, through a combination of organic EBITA margin to exceed 10% growth and targeted acquisitions Dividend: Capital structure: Fiskars aims to distribute a stable, over time Net gearing* below 100% increa
Slide 23: Outlook 2017 specified
Outlook 2017 specified • Fiskars expects the Group’s net sales, excluding the net sales of businesses divested in 2016 (2016: EUR 1,180 million) and comparable EBITA (2016: EUR 107 million) to increase from the previous year. • Should the weakening of the U.S. dollar continue during the remainder of
Slide 24: Making the everyday extraordinary
Making the everyday extraordinary