Sanoma Oyj · OMXHEX:SANOMA
Sanoma Oyj — Investor Day (June 2012)
9 slides from Sanoma Oyj's investor day presentation, Jun 14, 2012
Slide 1: Financials – Capital Markets Day 2012
Financials Capital Markets Day 2012 Kim Ignatius CFO
Slide 2: Group outlook for 2012 reconfirmed
Group outlook for 2012 reconfirmed • Net sales to grow slightly, mostly due to the acquired SBS operations in the Netherlands and Belgium – In 2011, restated* net sales were EUR 2,378.1 million • Operating profit margin, excluding non-recurring items, is estimated to be around 10% of net sales – In
Slide 3: Group long-term financial targets reconfirmed
Group long-term financial targets reconfirmed Financial targets Net sales growth Faster than GDP growth in main operating countries EBIT margin excl. non-recurring items 12% Net debt / EBITDA* <3.5 Equity ratio 35-45% Gearing <100% Dividend per share >50% of EPS excl. non-recurring items CAPEX < EUR
Slide 4: Long-term Group financial targets: EBIT margin
Long-term Group financial targets Financial target EBIT margin excl. non-recurring items 12% • Operational efficiency EBIT margin excl. non-recurring items, % • SBS turnaround • Efficiency in support functions 12% – ICT infrastructure, centralised 10.4 procurement function, financial services, 9.8 9
Slide 5: Long-term Group financial targets: Dividend per share
Long-term Group financial targets Financial target Dividend per share >50% of EPS excl. non-recurring items DPS in relation to EPS reported and EPS excl. Cash flow from operations > dividends paid non-recurring items, % EUR 1.75 125 121 117 115 1.50 92 1.25 81 83 68 69 1.00 59 >50% 0.75 0.50 0.25 0.
Slide 6: Long-term Group financial targets: Equity ratio and gearing
Long-term Group financial targets Financial targets Equity ratio 35–45% Gearing <100% Equity ratio, % Gearing, % 45 46 106 40 41 <100% 96 39 37 35-45% 79 79 64 58 2007 2008 2009 2010 2011 Q1/2012 2007 2008 2009 2010 2011 Q1/2012 Equity ratio Gearing Copyright © Sanoma Corporation | Kim Ignatius 14 J
Slide 7: Long-term Group financial targets: Net debt/EBITDA and CAPEX
Long-term Group financial targets Financial target Net debt / EBITDA* <3.5 4.3 • Gross debt EUR 1,586.1 million and net debt EUR 4.0 1,471.4 million (31 March, 2012) <3.5 3.3 2.8 2.9 • Inaugural EUR 400 million 5-year eurobond issued 2.6 2.5 <3.5 under investment grade documentation 2.0 2.1 2.0 1.6
Slide 8: Sanoma
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Slide 9: Important notice
Important notice The information above contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or future financial performance, including, but not limited to, expectations regarding market growth and development as well growth and profitability of