Atria Russia Review 1 January 30 September 2012

Transcription

1 Capital Markets Day Atria Russia Jarmo Lindholm, 4 December 2012, Atria Russia Review 1 January 30 September 2012 Million Q Q Q1-Q Q1-Q Net sales EBIT EBIT % Extraordinary items* *Extraordinary items are included in the reported figures. Atria Russia s EBIT for Q3/2012 improved by EUR 3.9 million over the comparative period. Net sales for January September increased by EUR 1.7 million. EBIT for the period showed an improvement of EUR 9.8 million year-on-year. The considerable increase in EBIT was the result of the implementation of measures in line with the strategy. These included improving the cost structure, enhancing efficiency in raw material procurement and management, and strengthening the market position in the St Petersburg region. 2 1

2 Atria Russia During the first half of the year, Atria Russia launched a programme aimed at improving productivity at the Sinyavino and Gorelovo plants in St Petersburg. These measures are expected to generate annual cost savings of around EUR 2.0 million, which will be fully realised from the beginning of Meat products are now produced at the centralised Sinyavino and Gorelovo plants. Atria started to gain positive growth in net sales in Q3. 3 Atria Russia turnaround program has been in force for 5 quarters now: Result improvement has been significant EBIT EBIT Previous year improvement EBIT MEUR Q3/2011-3,3-5,0 1,7 Q4/2011-4,5-7,6 3,1 Q1/2012-3,3-5,6 2,3 Q2/2012-2,0-5,6 3,6 Q3/2012 0,6-3,3 3,8 4 2

3 Atria Russia Turnaround program is still continuing 3 KEY OBJECTIVES (in chronological order) Timetable 1) Positive EBITDA and cash flow Y ) Positive EBIT During H2/2013 3) Profitable growth Atria Russia Strategy 2015 Summary Category leadership Sales up! Russia Strong Sibylla expansion Strong new product development Industrial excellence in operations Efficient organization Strong supply chain development Absolute cost consciousness in all actions Corporate values & culture development Strong Leadership and management system development Good co-operation and team spirit 6 3

4 Atria Russia Strategy 2015 Summary Atria Russia core businesses: Processed meat products, convenience food and Sibylla High market value potential in cold cuts. Strong market position in sausages category Strong market growth potential in convenience food and Sibylla. Atria Way of Work Commercial Excellence Processed Meat products Convenience food & Sibylla Branded products SPb & MSC Efficiency Strong assortment management and new product development implementation 7 Atria s way to number 1 8 4

5 Commercial excellence through category leadership Strong growth through cold cuts and convenience food categories. Defend strong market position in sausages category in Saint Petersburg. Strong new concept and product development for the local markets. Focused support behind the two local brands: Campomos and Pit Product. Deepen co-operation with key retailers and open new sales channels. 9 Operational efficiency to improve margins Exploit the full industrial potential of Gorelovo: The most modern processed meats factory in Russia. Streamline raw material purchasing and raw material optimization Further increase operational efficiency in all functions (improvement potential exists). 10 5

6 Unify the way we work and create bold, high performance culture Strong Leadership and management system development Corporate values & culture development: Unified corporate culture 11 Market overview Russia 6

7 Macro Economics Retail turnover dynamics in Russia in billion RUR and annual growth (excl. inflation) ,0% ,7% -5,1% 6,4% ,3% ,3% 8,8% ,8% ,1% 14,1% FOOD RETAIL NONFOOD RETAIL Food/Nonfood ratio 46% / 54% is constant (+ -1%) during period of research In 2011 nonfood growth was 10,7% and food only 3,6% 6.3% growth for 9 months of 2012 (faster in the beginning of 2012 and slow down in Sept)

8 Market Update Meat processed products market dynamics, tons Growth 2% -9% 7% 4% 16 8

9 Спасибо за внимание 17 9