Fiskars Group Q2 2015 1.1.–30.6.2015 Helsinki, July 29, 2015

Fiskars Q2 2015: Steady sales performance, major step

taken in growth strategy execution

Q2 Net Sales

MEUR 253.4, +26% Comparable net sales (CN and

excluding watering business), +2%

Earnings per share

EUR 0.17 (0.26)

EBIT excl. NRI

MEUR 20.8, +8%

Cash flow from

operating activities

MEUR 11.6

Outlook for 2015 updated:

Net sales expected to

increase from 2014 levels

EBIT excl. NRI to be at

2014 levels

Fiskars Q2 2015 2

EUROPE & ASIA-PACIFIC AMERICAS

Fiskars Q2 2015 4

Q2 2015 Europe & Asia-Pacific

Fiskars Q2 2015 5

Europe & Asia-Pacific in Q2 2015

Europe

• Strong performance by Living

Products

• Iittala opens store in Reykjavik,

Iceland and shop-in-shop in

Dubai Mall, United Arab Emirates

• Functional Products had a tough

quarter due to a late spring but

managed to gain market share in

key European markets

Fiskars Q2 2015 6

Europe & Asia-Pacific in Q2 2015

Asia-Pacific

• Living Products performed well

despite Japan being slow

• Six store openings in the region

• Iittala Ruutu launched in Taiwan

• Several successful PR events in

Korea and Japan

Fiskars Q2 2015 7

Q2 2015 Americas

Fiskars Q2 2015 8

Americas in Q2 2015

Fiskars Americas

• Functional Products performed

well, supported by the watering

business and pottery sales as

well as favorable currency rates

• Sales of school, office and craft

products increased compared to

previous year’s levels

Fiskars Q2 2015 9

Americas in Q2 2015

Gerber Americas

• Net sales declined but an

improved product mix started

having a positive impact on

profitability

• New additions to the Freescape

series were well received and the

series was supported by a strong

advertising campaign

Fiskars Q2 2015 10

Q2 2015 Group performance

Fiskars Q2 2015 11

Net sales and EBIT in Q2 2015 Fiskars Group

EBIT by quarter, MEUR

201.0

178.4

203.9

230.0

253.4

0,0%

2,0%

4,0%

6,0%

8,0%

10,0%

12,0%

0

40

80

120

160

200

240

280

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

Net sales by quarter, MEUR

19.4 16.8

10.7

17.0 20.8

-0.9 -3.1

-8.4

-1.3 -1.4

-15

-10

-5

0

5

10

15

20

25

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

EBIT excluding non-recurring items

Non-recurring items

EBIT excl.

NRI % 9.6% 9.4% 5.2% 7.4% 8.2%

26.0% *

Cn 16,6%

*Excl. watering 2015 Q2 net sales 222.8 MEUR,

change +10.8% (CN +2.5 %)

Fiskars Q2 2015 12

Europe & Asia Pacific and Americas in Q2 2015

124.0 117.5

140.6 127.3

122.2

0,0%

4,0%

8,0%

12,0%

16,0%

20,0%

0

40

80

120

160

200

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

Net sales and EBIT%

EBIT % excl. NRI 7.8% 9.9% 9.3% 6.7% 6.4%

Europe & Asia Pacific

• Net sales in Q2 122,2 MEUR, -1.4%,

cn -1.6 %.

• EBIT excl. NRI 7.8 MEUR, -19.3 %

• Net sales growth:

• Living Products net sales increased

• Functional Products net sales decreased

67.5 57.6 59.1

95.0

119.1

0,0%

4,0%

8,0%

12,0%

16,0%

20,0%

0

40

80

120

160

200

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

Net sales and EBIT %

EBIT % excl. NRI 17.2% 11.4% 4.8% 11.4% 14.3%

Americas

• Net sales 119.1 MEUR, 76.3%, cn +42.1%

• Excl. watering 88.5 MEUR, +31.0 %, cn +5.6%

• EBIT excl. NRI 17.0 MEUR,+46.4%

• Solid performance supported by the

watering business.

13 Fiskars Q2 2015

Development from ACT Q2 2014 to ACT Q2 2015

Net sales bridge

MEUR

ACT Q215

253.4

Other

2.6

Outdoor

-2.9

Functional*

31.5

Living

4.8

Exchange rate effect

16.4

ACT Q214

201.0

14 Fiskars Q2 2015

*Functional including watering business

Cash flow and debt Q2 2015, MEUR

121 124

93

179 178

0

20

40

60

80

100

120

140

160

180

200

Working capital

208

195

121

218

-79 -80

-30

20

70

120

170

220

270

Net debt*

6.6

15.7

7.4

5.7 6.2

0,0

2,0

4,0

6,0

8,0

10,0

12,0

14,0

16,0

18,0

Capital expenditure

6

26

48

-14

12

-20

-10

0

10

20

30

40

50

60

Cash flow from operating activities

* 101,2 MEUR investments into short term

interest rate fund not included in net debt ratio

Fiskars Q2 2015 15

Key ratios Q2 2015

7.46 7.84

14.06 14.46

14.56

0,0

2,0

4,0

6,0

8,0

10,0

12,0

14,0

16,0

Equity per share

58 60

73

71

66

0

10

20

30

40

50

60

70

80

Equity ratio, %

34

30

11

18

-7

-10

-5

0

5

10

15

20

25

30

35

40

Gearing, %

0.26 0.27

0.09

0.54

0.08

0,00

0,10

0,20

0,30

0,40

0,50

0,60

EPS*

* EPS from operating activities

Wärtsilä treated as associated company until Q3 2014

Fiskars Q2 2015 16

Other segment in Q2 2015

• During the second quarter the company sold EUR 300.4 million worth of

investments in short term interest rate funds to fund the acquisition of

WWRD.

• At the end of the period, the market value of Fiskars active investments

was EUR 522.6 million, consisting of shares in Wärtsilä (EUR 421.4

million) and investments into short term interest rate funds (EUR 101.2

million)

Fiskars Q2 2015 17

Share of business operations increased Implied value calculated from Market Cap

0

200

400

600

800

1 000

1 200

1 400

1 600

1 800

1 2013 4 2013 7 2013 10 2013 1 2014 4 2014 7 2014 10 2014 1 2015 4 2015 7 2015

Financial investments

Fiskars Operations

Operations / Mkt cap

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

-

Fiskars Q2 2015 18

Outlook for 2015

• Outlook for 2015 was updated on July 27, 2015

• Full-year net sales are expected to increase from 2014 levels and

operating profit excluding non-recurring items to be at 2014 levels,

despite the increased costs related to investments into growth initiatives.

• (Previously: full-year net sales were expected to increase from 2014

levels and operating profit excluding non-recurring items to be below

2014 levels)

Fiskars Q2 2015 19

Growing Fiskars Living business through acquisitions

2007

Iittala Group Ltd.

2013 Royal Copenhagen A/S

2015 WWRD

Licensing partnerships and

collaborations with leading designers

and world-renowned celebrities

A unique and exhaustive archive

of inspirational patterns and designs

built up over centuries

Brands featured in leading luxury

hotels, restaurants, airlines and

cruise ships around the world

Licensing Partnerships Inspirational Patterns Luxury Hospitality

Fiskars Q2 2015 22

Tabletop Gifting Interior décor

Beautiful and innovatively packaged

luxurious gifts and merchandising

Beautiful assortment of luxury

tabletop series under coveted brands

Exquisite and expressive

Interior décor objects

Fiskars Q2 2015 23

PTD, Indonesia

The world’s leading

high quality ceramic

production facility

Wedgwood

Estate, England

Prestige production

of the highest quality

ceramic in the world

Steklarna

Rogaška,

Slovenia

The world’s largest

production facility

for hand-cut and

blown crystal

House of

Waterford, Ireland

High-end prestige

production of the

highest quality hand cut

crystal in the world

World class crystal and ceramics

Fiskars Q2 2015 24

Fiskars Living – A global leader in premium and luxury tabletop and gifting

Fiskars Q2 2015 25

Waterford and Wedgwood are well positioned among the top 10

premium Living brands

After the WWRD acquisition Fiskars Group is the largest

company within the premium Living category globally*

Today Fiskars is among the top 5 largest companies in total, in

Living category (incl. premium and mass channels) #1

#1

#1

Fiskars Living – A global leader in premium and luxury tabletop and gifting

*Based on Fiskars own estimate

Fiskars Q2 2015 26

Celebrating centuries of pride,

passion and design. Every day.