This is Lantmännen Lantmännen is one of the largest Groups in the food, energy, machinery and agriculture industries in the Nordic region. Lantmännen today Group President and CEO: Per Strömberg Chairman of the Board: Thomas Bodén Net sales 2009 (SEK): 35 billion Profit after net financial items (SEK): 85 million Owned by around 37,000 Swedish farmers Has over 10,000 employees Operates in 18 countries Our mission “To contribute to the profitability of our owners' farms and to maximize the return on our owners’ capital” Our vision “We make the most of our land to provide all possibilities for a healthier life” Lantmännen’s business concept “With our customers in focus, we develop and process farmland resources in a responsible manner.” “Lantmännen operates in an international market in which Sweden constitutes the foundation for the Group’s activities.” Lantmännen’s Group strategies 1. Create business opportunities for Lantmännen’s owners 2. Focus on core businesses 3. Increase cost effectiveness through continuous improvement activities 4. Develop strong brands 5. Develop the product portfolio through active research and development 6. Improve cooperation with our customers 7. Sustainable development 8. Employees and organization From field to fork • Our ambition is to take responsibility from field to fork. • One of our most important missions is producing safe and healthy food. Through our involvement with the entire agricultural chain, we can also take responsibility for the product’s origin, contents and quality in a way that is unique. ”We take responsibility from field to fork” Field Transport Fork Transport Transport Raw material production Transport Store/customer Processing Research and Development – Lantmännen R&D • R&D is a central resource for Lantmännen, with specialized competence in research and development issues. • R&D implements new knowledge and research in the businesses by means of reference groups in projects, forums and seminars. Lantmännen stands for Good food • Good food is inspected and responsibly produced, and we’ve made an effort to produce it in a sustainable way. • Good food should promote flavor and health. • Lantmännen has three unique characteristics that together make it possible for us to have an impact and work towards providing consumers with Good food. 1. We are owned by Swedish farmers. 2. Our strategic work with research and development and sustainable development. 3. We have operations throughout the entire value chain – from field to fork. Well-known brands Lantmännen’s organizational chart Internal Audit Board Group President & CEO Strategy & Business Development, R&D Legal Affairs Finance Supply chain HR Communication Agriculture Sector Machinery Sector Energy Sector Food Sector Lantmännens’ 2009 net sales – percentage per sector Agriculture sector 30% Food sector 42% Machinery sector 19% Energy sector 9% Agriculture sector In the agriculture sector we gather businesses which develop and offer products and services that contribute to creating strong and competitive agriculture. Businesses within the Agriculture sector • Lantmännen Lantbruk develops, manufactures and sells a comprehensive range of feed for livestock production under such brands as Nötfor, Piggfor, Pullfor and Protect. • Lantmännen Lantbruk offers consumables in the crop production area, such as seed, plant nutrients and crop protection products. • Lantmännen Lantbruk purchases and sells grain and oil plants to customers in the feed, energy and food industries in Sweden and abroad. • The salesforce is nationwide in Sweden. • Lantmännen Lantbruk operates on its own as well as in partnership in countries such as Denmark, the Netherlands, Germany and the Baltic States. Businesses within the Agriculture sector • Lantmännen SW Seed produces, markets and sells varieties of seed, both in its own and as a representative. The company is one of the leading plant breeding and seed companies in Europe, with its own breeding operations in Sweden, Germany and the Netherlands. • Lantmännen Krafft develops and sells nutrition products for horses, and the company is the market leader in the Swedish horse feed market. • Lantmännen Bygglant designs and builds agricultural buildings and equipment. Agriculture sector Key figures 2009 Net sales, MSEK Operating profit/loss, MSEK Operating margin, % 10,749 -140 1.3 Machinery sector Within the Machinery sector we have gathered our businesses within construction and agricultural machinery. Machinery sector • Lantmännen Maskin sells agricultural machinery in Scandinavia under brands such as Valtra, Fendt and Claas. • Swecon is a dealer for Volvo’s construction equipment in Sweden, Estonia, Latvia, Lithuania and central Germany. • The companies have market-leading positions in the markets for tractors, combines and construction equipment. Machinery sector Key figures 2009 Net sales, MSEK 7,101 Operating profit/loss, MSEK -35 Operating margin, % -0.5 Energy sector Lantmännen Energy is one of Sweden’s leading bioenergy companies in the production of renewable energy and green industrial products. Its products include fuel ethanol, spirits, biodiesel, starch, protein feed, district heating, wood pellets and alkylate petrol. The brands are called Aspen, Agrol and Reppe. The customers are mainly in Northern Europe and include everyone from consumers to major international companies. Businesses within the Energy sector • Lantmännen Agroetanol is the only large-scale producer and supplier of grain-based fuel ethanol in Sweden. Its customers are the large oil companies that produce low ethanol blended petrol. The ethanol plant is also the largest producer of protein ingredients for feed in Sweden. • Lantmännen Ecobränsle develops, manufactures and supplies biodiesel based on rapeseed oil, i.e. RME. Businesses within the Energy sector • Lantmännen Agroenergi manufactures, supplies and markets refined biofuels, such as wood pellets, briquettes and wood powder, under the Agrol brand, which is the market leader in Sweden. The company also operates around 30 small district heating plants and other heating plants. Over 90 percent of the heat they supply comes from biofuels and waste heat. • Lantmännen Aspen develops, manufactures and markets alkylate petrol under the Aspen brand. Alkylate petrol is an environmentally-adapted petroleum fuel for small motors such as lawn mowers, power saws and small boats. The company is a market leader in 14 European countries. • Lantmännen Reppe processes wheat for food products, including glucose syrup and starch. The company is also one of the largest distilleries in the Nordic region and produces spirits for the drinks industry. Energy sector Key figures 2009 Net sales, MSEK 3,258 Operating profit/loss, MSEK 67 Operating margin, % 2.1 Food sector Within the Food sector we gather businesses within the areas of flour, breakfast foods, pasta, fresh and frozen bread, chicken, ready-meal concepts and dog and cat food. Businesses within the Food sector • Lantmännen Unibake • Lantmännen Cerealia • Lantmännen Kronfågel • Lantmännen Doggy Food sector – Lantmännen Unibake Lantmännen Unibake is the largest manufacturer of bread products for both the food service and grocery sectors in Northern Europe. Food sector – Lantmännen Unibake • Lantmännen Unibake targets customers all over the world. It develops and markets products for the food service and grocery sectors under its main areas: Bread, Fast Food, Danish Pastries and Croissants. • Lantmännen Unibake is the world’s largest producer of Danish pastries, and operates in Sweden, Denmark, Norway, Finland, Germany, Belgium, Poland, Russia, the UK, the USA, Japan, Korea and Spain. • Some of its well-known brands are Korvbrödsbagarn, Hatting, Schulstad Bake Off and Schulstad Royal Danish Pastry. Food sector – Lantmännen Cerealia Lantmännen Cerealia gathers the majority of the Group’s brands in the areas of flour, breakfast products, mixes, pasta and ready-meal concepts. Food sector – Lantmännen Cerealia • Lantmännen Cerealia’s customers are the grocery trade, restaurants, catering, bakeries, wholesalers and the food industry. • Its home markets are Sweden, Norway and Denmark, although it also has significant sales in Latvia, Estonia, Lithuania, Finland, Russia and Ukraine. • Some of Lantmännen Cerealia’s brands are AXA, Kungsörnen, Start, Amo, Kornkammeret, AXA Kornkammaren, Regal, Gooh, Nord Mills, HavneMøllerne and GoGreen. The majority of these are market-leading. • Here we also operate AXA Sports Club, which is a sports association with 40,000 members in Sweden and Norway. The aim is to inform about the importance of a balanced diet for people’s health and performance. Food sector – Lantmännen Kronfågel Lantmännen Kronfågel is the largest producer of chicken in the Nordic countries, with market-leading positions in Sweden and Denmark. Food sector – Lantmännen Kronfågel • Lantmännen Kronfågel is the largest producer of chicken in the Nordic countries, with market-leading positions in Denmark and Sweden. Customers are within the grocery, catering and food industries. • Lantmännen Kronfågel’s products are marketed under brands such as Kronfågel, Danpo, Ivars and Kronfågel Stinas. • Good care for the animals, stringent inspections at all stages and careful handling of the products are the foundation of Lantmännen Kronfågel’s work. • Lantmännen SweHatch supplies newly-hatched chicks to breeders on the Swedish and export markets. The business is integrated in Lantmännen Kronfågel. Food sector – Lantmännen Doggy • Lantmännen Doggy is the Swedish market leader in cat and dog food. Customers are specialized retail and the grocery sector. • Well-known brands are Mjau, Doggy, Bozita, Robur and Katty. • Lantmännen Doggy’s home markets include Sweden, Norway, Finland, Germany and Russia. • When developing new products, a customer with six legs has to be satisfied: four legs represent the dog or cat, and two legs represent the owner. • At Kennel Zwazzbazz and the cattery Tassalyckan there are animal panels which test taste and function. Food sector Key figures 2009 Net sales, MSEK 15,109 Operating profit/loss, MSEK 598 Operating margin, % 4.0 Thank you!