3 December 2015

1

CEO Juha Gröhn, 3 December 2015

Atria Capital Markets DayAtria Plc

Atria Capital Markets Day 3.12.2015 –ohjelmaAtria Oyj, Läkkisepäntie 23, Helsinki

Kokouspaikka Duetto 1:

10.00 – 10.30 Tervetuloa / toimitusjohtaja Juha Gröhn Atria Oyj

• Atrian Terveen Kasvun Strategia 2020

10.30 – 11.00 Atria Venäjä / toimitusjohtaja Jarmo Lindholm

• Katsaus Atria Venäjän strategiaan• Markkinakatsaus

11.00 – 11.30 Atria Skandinavia / toimitusjohtaja Tomas Back

• Katsaus Atria Skandinavian strategiaan• Markkinakatsaus

11.30 – 12.30 Lounas

12.30 – 13.00 Atria Suomi / toimitusjohtaja Mika Ala-Fossi

• Katsaus Atria Suomen strategiaan • Markkinakatsaus

13.00 – 13.30 Atria Baltia / toimitusjohtaja Olle Horm

• Katsaus Atria Baltian strategiaan • Markkinakatsaus

13.30 – 14.00 Tilaisuuden yhteenveto/ toimitusjohtaja Juha Gröhn

23 December, 2015

3 December 2015

2

Atria Group1 January – 30 September, 2015

33 December, 2015

* Extraordinary items are included in the reported figures.

• Atria Group's January-September comparable EBIT was at the previous years´s level.

• The decrease of net sales was partly due to the sale of Falbygdens cheese business and the weakening of rouble. Additionally, net sales were brought down by lower-than-usualsales during the barbeque season and the intense competition.

• Atria Finland launched a project to improve the productivity of chicken production at the Sahalahti plant.

• Atria improves efficiency by reorganizing sales, marketing and logistics in Sweden.

• The construction project of expanding and modernising the pig cutting plant in Nurmo hasprogressed according to plan. The investment is worth around EUR 36 million.

EUR millionQ3

2015Q3

2014Q1-Q3

2015Q1-Q3

2014 2014

Net sales 337.1 364.4 989.2 1,062.7 1,426.0

EBIT 15.1 16.2 24.2 22.0 40.6

EBIT % 4.5 % 4.4 % 2.4 % 2.1% 2.8%

Profit before taxes 13.0 13.6 17.3 17.7 34.0

Earnings per share, € 0.27 0.35 0.38 0.45 0.93

Extraordinary items* - 0.6 1.9 -0.6 1.0

Atria Group Net Salescumulative, quarterly

3 December, 2015

4

€ Million

304 309 328 327 315

638 642 692 698 652

963 9831050 1063

989

1302 13441411 1426

0

200

400

600

800

1000

1200

1400

1600

2011 2012 2013 2014 2015

Q1 Q2 Q3 Q4

3 December 2015

3

Atria Group EBITcumulative, quarterly

3 December, 2015

5

Extra ordinaryitems

-2.2 M €

Extra ordinaryitems

-0.5 M €

€ Million

Extra ordinaryitems

-17.3 M €

Extra ordinaryitems

+1.0 M €

-4,2

0,13,2

-2,5

0,7

-5,2

5,8

10,9

5,89,1

3,8

22,4

9,1

22,024,2

8,0

30,2

19,7

40,6

-10

0

10

20

30

40

50

2011 2012 2013 2014 2015

Q1

Q2

Q3

Q4

Extra ordinaryitems

+1.9 M €

Atria GroupFinancial indicators

3 December, 2015

6

€ Million 30.9.2015 30.9.2014 2014

Shareholders' equity per share, EUR 14.07 14.38 14.22

Interest-bearing liabilities 225.5 314.9 254.1

Equity ratio, % 46.0 42.1 44.0

Gearing, % 56.1 76.8 62.6

Net gearing, % 55.8 75.9 61.8

Gross investments in fixed assets 39.0 55.3 62.7

Gross investments, % of net sales 3.9 5.2 4.4

Average number of employees 4,304 4,773 4,715

• Atria Plc refinanced in June a long term bullet loan of EUR 30 million, which was due in February 2017. The maturity of the new loan is seven years.

• In the period under review, the Group’s free cash flow (operating cash flow - cash flow from investments) was EUR 38.2 million (EUR -5.4 million). The Group’s investments during the period totalled EUR 39.0 million (EUR 55.3 million).

• Interest-bearing net liabilities amounted to EUR 224.3 million (31 December 2014: EUR 250.7 million). The equity ratio was 46.0%(31 December 2014: 44.0%). In January–September, translation differences recognised in equity decreased equity by EUR 2.9 million (EUR 8.1 million) due to the weakening of the rouble.

• On 30 September 2015, the amount of the Group’s undrawn committed credit facilities stood at EUR 110.7 million (31 December 2014: EUR 110.6 million). The average maturity of loans and committed credit facilities at the end of the period under review was 3 years 1 month (31 December 2014: 3 years).

3 December 2015

4

Outlook for the future

• In 2014, consolidated EBIT without non-recurring items was EUR 39.6 million.

• In 2015, EBIT is projected to be roughly the same and net sales are expected to decrease.

3 December, 2015

7

Mission, vision, strategy

3 December 2015

5

The 2020 StrategyThe 2020 Strategy

The 2020 Strategy HEALTHY GROWTH

3 December 2015

6

WHY THE NEW STRATEGY?

The 2020 Strategy HEALTHY GROWTH

The 2020 Strategy HEALTHY GROWTH

The Change Drivers / Global and local changes

Low prices, price wars

New digital economy

Meat market decreasing in EU

Health is the new wealth

Hard-discounters growing in EU

Movement from red meat to white meat

Increased domestic and international competition

The importance of traceability and transparency

Strong urge for efficiency & automation

Consumer behavior hard to predict

Meat market growing in Asia

Growth of individualism

Private label penetration

Possibilities of big data

3 December 2015

7

Atria Group Net Sales

€ Million € Million

Atria Group EBIT

1600

1400

1200

1000

800

600

400

200

0

50

40

30

20

10

0

EBIT-%

The 2020 Strategy HEALTHY GROWTH

The Change Drivers / Atria’s Economy

10 11 12 13 14

EBIT-%: target 5 %

10 11 12 13 14

5

4

3

2

1

0

The 2020 Strategy HEALTHY GROWTH

The Change Drivers / Atria’s Economy

Atria Group Gross investments

€ Million € Million

Atria Group Free Cash Flow

70

60

50

40

30

20

10

0

60

50

40

30

20

10

010 11 12 13 1410 11 12 13 14

3 December 2015

8

Atria Group Net Debt

€ Million500

400

300

200

100

0

The 2020 Strategy HEALTHY GROWTH

The Change Drivers / Atria’s Economy

10 11 12 13 14

%

Atria Group Equity Ratio

50

40

30

20

10

010 11 12 13 14

30,0

25,0

20,0

15,0

10,0

5,0

0

€

12 13 14 15

Change in the Series A Share Price 2012–2015 (average price)

OMX Helsinki all share

The 2020 Strategy HEALTHY GROWTH

The Change Drivers / Atria’s Economy

Atria A-share

Stoxx Europe 600 Food and Beverage

3 December 2015

9

COMMERCIAL EXCELLENCECOMMERCIAL EXCELLENCE

WAY OF WORKWAY OF WORK

EFFICIENCYEFFICIENCY

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Way of LeadingWay of LeadingWay of Leading

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Atria´s way 2016–2020

The 2020 Strategy HEALTHY GROWTH

Group Focus Areas

The 2020 Strategy HEALTHY GROWTH

Acquisitions

New markets

New product segments

Organic growth

HEALTHY GROWTH

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Way of LeadingWay of LeadingWay of Leading

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Atria´s way 2016–2020

3 December 2015

10

Atria´s way 2016–2020

The 2020 Strategy FIT FOR GROWTH

Organic Growth

IT &Digitalization

SupplyChain

Financial Fit

The 2020 Strategy FIT FOR GROWTH

COMMERCIAL EXCELLENCECOMMERCIAL EXCELLENCE

WAY OF WORKWAY OF WORK

EFFICIENCYEFFICIENCY

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Way of LeadingWay of LeadingWay of Leading

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Acquisitions

New markets

New product segments

Organic growth

HEALTHY GROWTH

3 December 2015

11

The 2020 Strategy HEALTHY GROWTH

WHO IS GOING TO MAKE THIS HAPPEN?

WE WILL MAKE IT!

3 December 2015

12

Financial targets

Indicator Target

EBIT % 5%

Equity ratio 40%

ROE % 8%

Dividend distribution of Net Income 50%

3 December, 2015

23

243 December, 2015

3 December 2015

13

Summary

253 December, 2015

The 2020 Strategy FIT FOR GROWTH

COMMERCIAL EXCELLENCECOMMERCIAL EXCELLENCE

WAY OF WORKWAY OF WORK

EFFICIENCYEFFICIENCY

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Market insightCategory and brand managementSales excellence

Way of LeadingWay of LeadingWay of Leading

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Daily operational efficiencySupply Chain efficiencyResource optimization

Acquisitions

New markets

New product segments

Organic growth

HEALTHY GROWTH

263 December, 2015