Press & Analyst Conference – April 9, 2014 · 2017. 10. 26. · Press & Analyst Conference –...
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Arne Frank CEO Fredrik Nilsson CFO Anders Byström Director IR Press & Analyst Conference – April 9, 2014 Acquisition of the oils and fats business of CSM Benelux NV in Merksem
Transcript of Press & Analyst Conference – April 9, 2014 · 2017. 10. 26. · Press & Analyst Conference –...
Arne Frank CEO
Fredrik Nilsson
CFO
Anders Byström Director IR
Press & Analyst Conference – April 9, 2014 Acquisition of the oils and fats business of CSM Benelux NV in Merksem
AAKtion
Acquisition of the oils and fats business of CSM Benelux NV in Merksem
Q & A
Agenda
The first choice for value-added vegetable oil solutions 2
The first choice for value-added vegetable oil solutions 3
Medium and fast growing markets – New management ambition
Nordics
West Europe
USA
CEE
CIS
Asia
Latin America
* Management ambition – edible oil volume
69% 62%47% 40%
30%
18%18%
31%35%
13% 20% 22% 25%
70%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2006 2009 2012 2013 2015-2016*
Slow growing markets Medium growing markets Fast growing markets
The first choice for value-added vegetable oil solutions 4
AAK in the world
Production plants and sales offices Sales offices Customisation plants Sourcing operations
AAKtion
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A leading bakery fats supplier to the bakery markets in Belgium, the Netherlands, France and Germany
The acquired business employs around 100 people and had revenues of approximately SEK 970 million in 2013
The transaction will include • Production facility in Merksem, Belgium
• Variety of bakery fat solutions, margarines and pumpable shortenings
• Experienced sales force • Team of application specialists
• Bakery innovation center
The first choice for value-added vegetable oil solutions 6
CSM Benelux NV in Merksem – short facts
Bakery innovation center
Modern innovation center • The specific competencies will strengthen
AAK’s current bakery fats set-up
Merksem will add capabilities on • Bakery CI (Customer Innovation)
• Technology & product development in bakery
Pilot plant • Full pilot plant with all relevant
‒ Development and trial production equipment
‒ Analytical equipment
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Strengthens AAK’s position in the western continental Europe bakery fats market
Creates cross-selling opportunities in Bakery and CCF for existing as well as acquired customers and product ranges
Innovation center and know-how further strengthens local customer co-development within bakery
Adds value to European supply chain through
• Enabling internal volume transfers • Reduced Group CAPEX need • Cost synergies
• Transportation cost reductions
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Strategic rationale
Financial impact
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Will start contributing to AAK’s operating profit during second half of 2015
Full year volume approximately 100,000 MT
Dilutive impact on EBIT per kg The acquisition will be included in the
Food Ingredients business area
Q & A
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Investor Relations contacts
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Fredrik Nilsson Chief Financial Officer Phone: +46 40 627 83 34 Mobile: +46 708 95 22 21 E-mail: [email protected] Anders Byström Director External Accounting and Investor Relations Phone: +46 40 627 83 32 Mobile: +46 709 88 56 13 E-mail: [email protected] Further Investor Relations material can be found at www.aak.com/en/Investor
The first choice for value-added vegetable oil solutions
The first choice for value-added
vegetable oil solutions
