Raute Oyj Class A · OMXHEX:RAUTE
Raute Oyj Class A — FY2009 Earnings Presentation
21 slides from Raute Oyj Class A's earnings presentation, Feb 11, 2010
Slide 1: Financial Statements 1 January - 31 December 2009
Financial Statements 1 January - 31 December 2009 11 February 2010 Tapani Kiiski, President and CEO www.raute.com
Slide 2: Market situation difficult throughout 2009
Market situation difficult throughout 2009 Operating environment: Raute: • Weak market situation of • Low order intake construction and transportation • Mill-scale investments of the plywood industries due to the economic and LVL industries were postponed recession • Only few production line scale •
Slide 3: 1-12/2009 in brief
1-12/2009 in brief MEUR 1-12 2009 1-12 2008 • Order intake at a low level Net sales 36,6 98,5 – Low demand Operating profit -9,7 6,3 – Q4 best quarter New orders: • Order book remained at a low level • Project deliveries • Net sales declined significantly, 63% 19 44 • Technology 16 23 • Operating pr
Slide 4: Income statement and key figures
Income statement and key figures MEUR 2009 2008 Net sales 36,6 98,5 Operating profit -9,7 6,3 Financial income and expenses -0,2 0,5 Profit before taxes -9,9 6,9 Income tax 1,7 -2,2 Profit for the period -8,1 4,7 Earnings per share, EUR -2,03 1,18 Operating cash flow 5,6 6,9 Return on investment, %
Slide 5: Balance sheet
Balance sheet MEUR 31.12.2009 31.12.2008 Intangible 1,8 2,5 Tangible 10,3 11,2 Other non-current assets 3,2 0,8 Inventories 4,3 4,3 Receivables 9,8 20,3 Cash 27,9 21,1 Assets 57,4 60,2 Equity 23,1 34,3 Non-current liabilities 14,8 9,1 Customer deposits 7,2 3,5 Current assets 12,3 13,3 Equity and lia
Slide 6: New orders
New orders MEUR Q1 Q2 Q3 Q4 140 120 100 80 60 40 20 0 2005 2006 2007 2008 2009 6 www.raute.com
Slide 7: Order book
Order book MEUR Q1 Q2 Q3 Q4 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 MEUR Q1 Q2 Q3 Q4 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, % 2009 2008 Others South Others South 2% America 3% America North 4% 11% America Europe 10% Europe Asia 45% 48% 4% North America 7% Russia 35% Russia 31% www.raute.com
Slide 10: Year 2009 by market area
Year 2009 by market area New project orders Net sales Others South Others 3% America 2% 11% Europe Europe 45% Asia 10% 4% North America 7% Russia 31% Russia 87% www.raute.com
Slide 11: Operating profit
Operating profit MEUR 1-3 1-6 1-9 1-12 10,0 5,0 0,0 2005 2006 2007 2008 2009 -5,0 -10,0 -15,0 11 www.raute.com
Slide 12: Earnings per share
Earnings per share EUR Earnings by share Dividend 2,00 1,50 1,00 0,50 0,00 * -0,50 -1,00 -1,50 -2,00 -2,50 2005 2006 2007 2008 2009 * Board of Directors’ proposes to the AGM that no dividend shall be paid for 2009 12 www.raute.com
Slide 13: Operating cash flow
Operating cash flow MEUR 1-3 1-6 1-9 1-12 20,0 15,0 10,0 5,0 0,0 2005 2006 2007 2008 2009 -5,0 -10,0 -15,0 -20,0 13 www.raute.com
Slide 14: Investing in the future
Investing in the future MEUR Capital expenditure R&D expenditure R&D costs 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 2009 www.raute.com
Slide 15: Return on investment (ROI) Return on equity (ROE)
Return on investment (ROI) Return on equity (ROE) 1-12 ROI 1-12 ROE 40 % 30 % 20 % 10 % 0% -10 % -20 % -30 % -40 % 2005 2006 2007 2008 2009 15 www.raute.com
Slide 16: Equity ratio and gearing
Equity ratio and gearing Equity ratio Gearing 80 % 60 % 40 % 20 % 0% -20 % -40 % -60 % -80 % 2005 2006 2007 2008 2009 www.raute.com
Slide 17: Number of personnel
Number of personnel Personnel, average Effective, average 700 600 500 400 300 200 100 0 2005 2006 2007 2008 2009 www.raute.com
Slide 18: Shareholders
Shareholders Development of the number Ownership, Dec. 31, 2009 of shareholders 2000 Administratively registered 2% Foreign 1800 4% Institutions 2% 1600 Companies 6% 1400 Management 5% 1200 1000 800 600 400 Households 200 81 % 0 2005 2006 2007 2008 2009 www.raute.com
Slide 19: Market value
Market value Market value at Dec. 31, MEUR Share price, EUR Closing price at Dec. 31 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 29,9 8,0 7,47 6,40 30 25,6 6,0 20 4,0 10 2,0 0 0,0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Series K shares appreciated to the
Slide 20: Outlook for 2010
Outlook for 2010 Operating environment: Raute: • Uncertainty in the development of • Order book strengthened the global economy and financial – New significant order in January markets • Market situation uncertain • The market situation of the – General economic situation and the uncertain customer
Slide 21: 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