In the face of various fluctuations in the environment, oat drink giant oatly has made a cautious judgment recently.
The financial report shows that the company, of which the exchange rate led to a negative impact of US $16.8 million., Among them, the exchange rate led to a negative impact of US $11.7 million.
“The results of the second quarter show that we still have significant growth opportunities in the future, and will continue to pursue to become the world’s first plant-based enterprise.” Petersson said at the performance meeting held tonight.
Xiaoshidai noticed that while announcing its performance, oatly also updated its 2022 performance guidelines. Petersson said that the latest guidance is based on the “challenging business environment” under the epidemic, inflation and supply chain pressure. Let’s have a look.
电商
First, let’s pay attention to China’s market. In the first half of this year, Asia was the fastest growing market for oatly. The financial report showed that its revenue in Asia in the first half of the year increased by 41.5% year-on-year to $72.4 million (about 490 million yuan), of which the exchange rate led to a negative impact of $600000. At a fixed exchange rate, Asian revenue increased 42.6% year-on-year to $72.9 million (about 493 million yuan). In the second quarter, the revenue of oatly Asia increased by 66.3% year-on-year to US $43.7 million (about 296 million yuan), of which the exchange rate led to a negative impact of US $1million. At a fixed exchange rate, its Asian revenue increased by 70.1% year-on-year to US $44.7 million (about 302 million yuan).
In that quarter, the proportion of Asian market in oatly’s revenue has risen to 25%,
“Revenue
In Asia, the income structure of oatly has also changed.
oatly reported that in the second quarter, revenue growth in Asia was affected by the different levels of closures imposed by the emergence of new coronavirus variant strains in China in the first quarter, and the closures continued for most of the second quarter. In that quarter, about 58% of Asia’s revenue came from catering service channels, and e-commerce channels also made an important contribution. After reading the conference materials, xiaoshidai found that by the second quarter of this year, “other channels”（
“The company’s e-commerce sales in China have experienced strong growth.” Oatly reported. According to the data recently disclosed by the company, in 618 this year, on the platforms of tmall, Maochao and jd.com, oatly was the first brand of vegetable protein drinks.
Among them, in tmall, oatly ranked second in the beverage category, up 2 places from the same period last year. In addition, the sales of oatly ice cream exceeded 400000 pieces, and the brand also entered the top 10 of tmall ice cream category for the first time.
Conference materials also showed that its newly launched “tea master Oatmeal Milk” specially created for high-quality tea was mainly introduced to analysts. Oatly described it as a “summer drink” in the tea channel, entering the channels of 13000 tea stores, including shuyishaoxiancao, yihetang, arteasg and Yiyi
Today, oatly drinks giant oatly said it would be more cautious
谨慎
在复杂环境下，OATLY也调整了业绩指引。
该公司预计，2022全年收入为8～8.3亿美元（约合人民币54.10～56.13亿元），同比增长24%至29%，各地区均有增长。若按固定汇率算，全年收入预期为8.35 ～8.65亿美元，同比增长30%至34%。小食代介绍过，该公司此前的全年收入指引为8.8～9.2亿美元。
OATLY同时强调，最新指引是基于全球疫情相关感染率得到合理控制，包括亚洲在今年剩余时间内没有进一步的重大封控的假设，并结合评估了通胀、利率上升、消费者行为因素。
“我们也看到环境在快速转变、具有高度不确定性，目前的宏观经济条件复杂，俄乌冲突以及能源价格上涨，都对世界和我们的供应链产生影响。然而，消费者对植物基饮品的消费依然表现出了韧性，并继续增长，显示了消费者已经把我们的产品融入到每日的生活之中。”Petersson在会上指出。
不过OATLY高层也坦言，该公司部分业务的复苏和扩张受到了影响。
在OATLY全球第一大市场EMEA（欧洲、中东和非洲），Petersson称，尽管燕麦饮份额持续上升，该公司发展速度“保持强劲”，但宏观经济的不确定性影响了OATLY在餐饮服务和新市场中扩大分销网络的速度。此外，OATLY从乳制品消费群体中招揽来植物饮料消费者的速度，也需要比预期更长的时间。
OATLY首席执行官Toni Petersson（资料图片）
至于中国所在市场，OATLY首席财务官Christian Hanke在会上表示，在亚洲，疫情封控依然存在，疫情有时会散发，新的封控也在一些城市时有出现。“我们曾经说过，预计在三季度疫情封控会放松。不过，目前为止餐饮服务渠道的复苏比我们预期的要慢”。
“正如Toni所说，我们需要在不确定性中更加关注资产负债表、执行和现金流管理，同时重点关注那些即将需要更多产品供应的地区，包括美国和亚洲市场。我们现在预计，2022财年的资本开支约为2.2亿至2.4亿美元之间。”Hanke说。
小食代留意到，在随后回应为何降低今年资本支出时，Petersson称是因为“面对世界前所未见的变化时需保持谨慎”。
“我们希望能把产能的规划和对植物饮料需求的变化匹配起来，因此在产能扩张的执行上需要考虑时机的问题，以保证产品的供应量。我们继续对有关项目进行投资，尽管有了一些变化。在资本支出上，我们需要做到更加精明、更加努力地进行优化，有关决策无关我们的融资。”他讲道。
Petersson在财报中指出，OATLY对今年剩余时间的收入指引和资本分配将“更加谨慎”（more prudent），同时高度关注实现盈利增长。“我们业务的基本面保持不变，相信在某些不利因素消退的情况下有很大的增长机会”。
小食代注意到，今天的会议资料显示，一家在地图上位于中国内地、被标注为预期在2023/2024财年启用的工厂，被列入“短期产能扩张”一栏中——OATLY称其为亚洲第三工厂（注：前两家工厂位于马鞍山、新加坡）。这意味着，这一在华产能的最新规划暂时不受本次调整影响。
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