Raute Oyj Class A · OMXHEX:RAUTE
Raute Oyj Class A — H1 2007 Earnings Presentation
19 slides from Raute Oyj Class A's earnings presentation, Aug 9, 2007
Slide 1: Interim report 1 January - 30 June 2007
Interim report 1 January - 30 June 2007 9 August 2007 Tapani Kiiski, President and CEO www.raute.com
Slide 2: Good demand continues
Good demand continues • The markets of Raute’s customer industries have remained good during the first half of 2007 in the main market areas, with the exception of North America. • The demand, production volumes, and prices of plywood and LVL on a good level. • Many companies in the wood products in
Slide 3: Year to date
Year to date MEUR Q2 2007 Q2 2006 1-6 2007 1-6 2006 2006 Net sales 29.7 28.5 58.7 55.0 106.2 Operating profit 1.8 1.4 3.7 2.5 4.5 New orders: • Projects 6 25 11 29 105 • Technology services 6 7 15 13 27 Order book 49 41 49 41 77 1-6/2007 • Net sales up 7% • New orders: • Operating profit up 48% – sl
Slide 4: Income statement and key figures
Income statement and key figures MEUR 1-6 2007 1-6 2006 2006 Net sales 58,7 55.0 106.2 Operating profit 3.7 2.5 4.5 Financial income and expenses 0.4 0.2 0.4 Profit before tax 4.1 2.7 4.9 Income tax -1.0 -0.5 -1.3 Profit 3,1 2,2 3.6 Earnings per share, eur 0.78 0.58 0.94 Operating cash flow -10.7 -2
Slide 5: Balance sheet
Balance sheet MEUR 30.6.2007 30.6.2006 31.12.2006 Intangible 2.8 2.7 2.9 Tangible 12.1 13.5 12.6 Other non-current assets 0.7 0.6 0.9 Inventories 5.6 4.9 4.9 Receivables 24.3 19.9 23.2 Cash 10.9 5.9 24.0 Assets 56.4 47.5 68.5 Equity 29.6 26.3 29.3 Non-current liabilities 1.6 2.1 1.7 Customer deposit
Slide 6: Net sales
Net sales MEUR Q1 Q2 Q3 Q4 120 100 80 60 40 20 0 2003 2004 2005 2006 2007 Figures 2003 FAS, figures 2004-2007 IFRS, continuing operations 6 www.raute.com
Slide 7: Net sales by market area, %
Net sales by market area, % 1-6 2006 1-6 2007 Others South Others 9% America 3% Europe Europe 10 % 31 % 24 % Russia 9% North South America America North 26 % 44 % America Russia 14 % 30 % 7 www.raute.com
Slide 8: Earnings per share
Earnings per share EUR Earnings per share Dividend 1,20 1,00 0,80 0,60 0,40 0,20 0,00 -0,20 -0,40 -0,60 -0,80 2003 2004 2005 2006 1-6 2006 1-6 2007 Figures 2003 FAS, figures 2004-2007 IFRS 8 www.raute.com
Slide 9: New orders
New orders MEUR Q1 Q2 Q3 Q4 140 120 100 80 60 40 20 0 2003 2004 2005 2006 2007 Figures 2003 FAS, figures 2004-2007 IFRS 9 www.raute.com
Slide 10: Operating profit
Operating profit MEUR Q1 Q2 Q3 Q4 5,0 4,0 3,0 2,0 1,0 0,0 2003 2004 2005 2006 2007 -1,0 -2,0 -3,0 -4,0 10 www.raute.com
Slide 11: 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 2003 2004 2005 2006 2007 -5,0 -10,0 -15,0 11 www.raute.com
Slide 12: Order book
Order book MEUR Q1 Q2 Q3 Q4 90 80 70 60 50 40 30 20 10 0 2003 2004 2005 2006 2007 Figures 2003 FAS, figures 2004-2007 IFRS 12 www.raute.com
Slide 13: Capital expenditure
Capital expenditure MEUR 1-12 1-6 4,0 3,5 3,0 2,5 2,0 1,5 1,0 0,5 0,0 2003 2004 2005 1-6 2006 1-6 2007 Figures 2003 FAS, figures 2004-2007 IFRS 13 www.raute.com
Slide 14: R&D Expenditure
R&D Expenditure MEUR 1-12 1-6 % of net sales 5,0 4,5 % 4,5 4,0 % 4,0 3,5 % 3,5 3,0 % 3,0 2,5 % 2,5 2,0 % 2,0 1,5 % 1,5 1,0 % 1,0 0,5 0,5 % 0,0 0,0 % 2003 2004 2005 1-6 2006 1-6 2007 Figures 2003 FAS, figures 2004-2007 IFRS 14 www.raute.com
Slide 15: Return on investment (ROI) Return on equity (ROE)
Return on investment (ROI) Return on equity (ROE) 1-12 ROI 1-6 ROI 35 % 1-12 ROE 1-6 ROE 30 % 25 % 20 % 15 % 10 % 5% 0% 2003 2004 2005 2006 30.6.2007 -5 % -10 % -15 % Total of continuing and discontinuing operations, figures 2003 FAS, figures 2004-2007 IFRS 15 www.raute.com
Slide 16: Gearing
Gearing 0% -10 % -20 % -30 % -40 % -50 % -60 % -70 % -80 % -90 % 2003 2004 2005 2006 30.6.2007 Figures 2003 FAS, figures 2004-2007 IFRS 16 www.raute.com
Slide 17: Equity ratio
Equity ratio 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0% 2003 2004 2005 2006 30.6.2007 Figures 2003 FAS, figures 2004-2007 IFRS 17 www.raute.com
Slide 18: Outlook for 2007
Outlook for 2007 • Customer industries: • Raute: – Investments continue: – Order book good Markets good with the exception of – Good demand North America – Several mill-scale projects in the – Investment demand strong in planning stage Russia – Active R&D, brisk demand for new – Demand for medium si
Slide 19: 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