Cloetta - Interim Report Q4 2015 – Presentation

50 %
50 %
Information about Cloetta - Interim Report Q4 2015 – Presentation

Published on July 6, 2016

Author: Cloetta

Source: slideshare.net

1. Q4 2015 results – 18 February 2016 David Nuutinen,CEO DankoMaras,CFO JacobBroberg,SVPIR

2. Q4 highlights 2 Strongcashflow,decreaseddebtandproposeddividend • Net sales for the quarter increased by 2.7 per cent to SEK 1,622m (1,579). For the full year 2015 net sales increased by 6.8 per cent to SEK 5,674m (5,313). • Operating profit was SEK 239m (262). For the full year 2015 operating profit improved to SEK 671m (577). • Operating profit, adjusted was SEK 255m (257). For the full year 2015 operating profit, adjusted improved to SEK 690m (632). • Cash flow from operating activities improved to SEK 367m (290). For the full year cash flow from operating activities improved to SEK 927m (500). • Net debt/EBITDA was 3.03x (3.97). • The Board proposes a dividend of SEK 0.50 (-) per share.

3. Overall market and sales development Total sales growth of 2.7 per cent • Positive to flat total market developments, except seasonal products in Italy • Organic growth -2.3 per cent for the quarter. Excluding Italy, organic growth was 1.8 per cent • Sales grew or was unchanged in all markets except Italy, Denmark and UK. • Positive sales trend in Sweden and Finland driven by pick-and-mix. • In Denmark sales of pastilles declined. • Decline in Italy driven by a sharp decrease in seasonal sales due to price increases to off-set raw material price increases. 3 Cloetta´s main markets

4. Net sales and EBIT 4 1) Organic growth at constant exchange rates and comparable units -2.3% for the quarter and 1.5% for the year. SEKm Oct-Dec 2015 Margin % Change % Oct-Dec 2014 Margin % Full year 2015 Full year 2014 Net sales 1,622 2.71 1,579 5,674 5,313 Operating profit, adjusted 255 15.7 -0.8 257 16.3 690 632 Operating profit (EBIT) 239 14.7 -8.8 262 16.6 671 577 Profit for the period 157 -0.6 158 386 242

5. Changes in net sales 5 Changes in net sales, % Oct-Dec 2015 Oct-Dec 2014 Full year 2015 Full year 2014 Organic growth -2.3% 1.7% 1.5% 1.0% Structural changes 4.8% 4.8% 3.9% 4.3% Changes in exchange rates 0.2% 3.1% 1.4% 3.3% Total 2.7% 9.6% 6.8% 8.6% -4,1% 1,4% 1,6% 0,6% 2,2% -0,6% 1,7% 4,0% 0,8% 4,2% -2,3% 3,0% 3,6% 5,8% 4,8% 2,7% 1,2% 6,6% 4,8% 4 200 4 400 4 600 4 800 5 000 5 200 5 400 5 600 5 800 -6,0% -4,0% -2,0% 0,0% 2,0% 4,0% 6,0% 8,0% Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Organic growth, % Structural changes, % Net Sales LTM

6. Net sales, Operating profit (EBIT) and Operating profit, adjusted 6 Net sales Operating profit (EBIT) Operating profit, adjusted 1193 1 238 1 303 1 579 1 313 1280 1459 1622 0 200 400 600 800 1 000 1 200 1 400 1 600 1 800 Q1 Q2 Q3 Q4 SEKm 2014 2015 52 85 178 262 90 130 212 239 0 50 100 150 200 250 300 Q1 Q2 Q3 Q4 SEKm 2014 2015 74 108 193 257 108 133 194 255 0 50 100 150 200 250 300 Q1 Q2 Q3 Q4 SEKm 2014 2015

7. -16 -23 54 116 91 44 75 290 223 163 174 367 -50 0 50 100 150 200 250 300 350 400 Q1 Q2 Q3 Q4 SEKm 2013 2014 2015 Strong cash flow from operating activities 7

8. Cash flow 8 SEKm Oct-Dec 2015 Oct-Dec 2014 Full year 2015 Full year 2014 Cash flow from operating activities before changes in working capital 295 267 697 492 Cash flow from changes in working capital 72 23 230 8 Cash flow from operating activities 367 290 927 500 Cash flows from investments in property, plant and equipment and intangible assets -48 -64 -161 -182 Cash flow from other investing activities - 4 -206 -187 Cash flow from investing activities -48 -60 -367 -369 Cash flow from operating and investing activities 319 230 560 131 Cash flow from financing activities -211 -114 -518 -24 Cash flow for the period 108 116 42 107

9. 2,0 2,5 3,0 3,5 4,0 4,5 5,0 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 9 Financial leverage Net debt/EBITDA, x Target

10. Cloetta stands strong 10 Dividend ofSEK 0.50(-)pershareproposed • Improved EBITDA and very strong cash flow for the year. – Cash flow from operating activities improved to SEK 927m (500). • Net debt/EBITDA decreased to 3.03x (3.97). – Well on track towards the target of Net debt/EBITDA of 2.5x • The Board proposes a dividend of SEK 0.50 (-) per share • Ambition is to use future cash flows for repayment of debts and payment of share dividend, while at the same time providing financial flexibility for complementary acquisitions.

11. Integration of Lonka according to plan 11 Willin2017supportCloetta’smargintarget of14% • Decision to close the factory in Dieren, the Netherlands and transfer production to Levice, Slovakia – One-off costs and capital investments of approximately SEK 120m • Joint sales and marketing organisation created in the Netherlands • Savings from the closure of the factory in Dieren, insourcing of production and synergies will generate savings of at least SEK 35m • Plans for how to operate and launch Lonka in other markets finalised

12. In focus 12 Profitable growth Integration of Lonka and closure of factory in Dieren Implement and drive initiatives within Pick & Mix Operational excellence in supply chain through Lean2020 initiative

13. Q4 selection of product launches 13 Italy Finland Sweden Baltics The Netherlands Switzerland

14. Q&A

15. Disclaimer • This presentation has been prepared by Cloetta AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. • This presentation is not for presentation or transmission into the United States or to any U.S. person, as that term is defined under Regulation S promulgated under the Securities Act of 1933, as amended. • This presentation contains various forward-looking statements that reflect management’s current views with respect to future events and financial and operational performance. The words “believe,” “expect,” “anticipate,” “intend,” “may,” “plan,” “estimate,” “should,” “could,” “aim,” “target,” “might,” or, in each case, their negative, or similar expressions identify certain of these forward- looking statements. Others can be identified from the context in which the statements are made. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which are in some cases beyond the Company’s control and may cause actual results or performance to differ materially from those expressed or implied from such forward- looking statements. These risks include but are not limited to the Company’s ability to operate profitably, maintain its competitive position, to promote and improve its reputation and the awareness of the brands in its portfolio, to successfully operate its growth strategy and the impact of changes in pricing policies, political and regulatory developments in the markets in which the Company operates, and other risks. • The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. • No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained herein. Accordingly, none of the Company, or any of its principal shareholders or subsidiary undertakings or any of such person’s officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. 15

Add a comment

Related pages

Interim Report Q4 2015 – Presentation | Cloetta

Net sales for the quarter increased by 2.7 per cent to SEK 1,622m (1,579), including a positive impact from foreign exchange rates of 0.2 per cent.
Read more

Transcription: Year-End Report Q4 2015 - cloetta.com

1 Transcription: Year-End Report Q4 2015 Title: Cloetta Year-End Report Date: 18.02.2016 Speakers: Jacob Broberg, David Nuutinen and Danko Maras
Read more

Cloetta - Interim Report Q4 2012 - Presentation - Investor ...

... Interim Report Q4 2012 - Presentation. ... (84). Cloetta - Interim Report Q4 2012 - Presentation. ... Copyright © 2015 Powered By Documents.mx ...
Read more

Cloetta AB - Cision

... for “Best Interim Report”. Cloetta was ... web presentation of Cloetta AB´s interim report ... of Cloetta AB´s year-end report Q4 2015
Read more

Cloetta top brands - Cloetta AB - news.cision.com

Cloetta top brands Cloetta AB. Cloetta AB ... / Cloetta top brands; Cloetta top brands Thu, Sep 10, 2015 16 ... with web presentation of Cloetta AB´s ...
Read more