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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

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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

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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

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€ 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

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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.

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Mission, vision, strategy

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The 2020 StrategyThe 2020 Strategy

The 2020 Strategy HEALTHY GROWTH

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WHY THE NEW STRATEGY?



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

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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 Change Drivers / Atria’s Economy

10 11 12 13 14

EBIT-%: target 5 %

10 11 12 13 14

5

4

3

2

1

0



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

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Atria Group Net Debt

€ Million500

400

300

200

100

0



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



Atria A-share

Stoxx Europe 600 Food and Beverage

3 December 2015

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COMMERCIAL EXCELLENCECOMMERCIAL EXCELLENCE

WAY OF WORKWAY OF WORK

EFFICIENCYEFFICIENCY

Market insightCategory and brand managementSales excellence



Way of LeadingWay of LeadingWay of Leading

Daily operational efficiencySupply Chain efficiencyResource optimization



Atria´s way 2016–2020


Group Focus Areas


Acquisitions

New markets

New product segments

Organic growth

HEALTHY GROWTH









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The 2020 Strategy FIT FOR GROWTH

Organic Growth

IT &Digitalization

SupplyChain

Financial Fit












Acquisitions

New markets


Organic growth

HEALTHY GROWTH

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WHO IS GOING TO MAKE THIS HAPPEN?

WE WILL MAKE IT!

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Financial targets

Indicator Target

EBIT % 5%

Equity ratio 40%

ROE % 8%

Dividend distribution of Net Income 50%

3 December, 2015

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243 December, 2015

3 December 2015

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Summary

253 December, 2015












Acquisitions

New markets


Organic growth

HEALTHY GROWTH

263 December, 2015