23 slides from Svenska Cellulosa Ab Sca Class A's earnings presentation, Apr 28, 2016
Slide 1: Interim Report Q1 2016
Interim Report ® Q1 2016
Slide 2: Magnus Groth, President and CEO
Magnus Groth President and CEO April 28, 2016 Interim Report Q1 2016 2
Slide 3: Summary Q1 2016
Summary Q1 2016 Good organic growth in sales and operating profit Strong organic sales growth in emerging markets Strong cash flow Good contribution from efficiency gains Introduced 10 innovations For example Libero, Libresse, Lotus, TENA and Tork Completed the acquisition of Wausau Paper Corp. on J
Slide 4: Group
Group Q1 2016 vs. Q1 2015 Sales Organic Sales Growth Operating Profit* SEK SEK 28,177m 3% 3,247m +1% +13%** Operating Margin* EPS Operating Cash Flow SEK 11.5% SEK 2.74 2,735m +120bp 13% +40% * Excluding items affecting comparability ** Excluding items affecting comparability, currency translation e
Slide 5: SCA Group ROCE
SCA Group ROCE* ROCE* Target 13% 11.9% 10.4% Q1 2015 Q1 2016 *Return on capital employed excluding items affecting comparability April 28, 2016 Interim Report Q1 2016 5
Slide 6: Innovations Q1 2016
Innovations Q1 2016 Libresse liners with Feminine Ultra-Thin Libero Comfort Libero Newborn ProSkin Formula towels Libero Comfort range is improved Premium assortment of Libero Libresse upgrades its full premium Upgrade of premium assortment of with a new super soft anti-leakage diapers, Newborn rang
Slide 7: Innovations Q1 2016
Innovations Q1 2016 Lotus® papier toilette lights by TENA® TENA Lady Pants Tork SmartOne® humide Upgrade of the TENA portfolio of A new and unique, underwear-like Tork SmartOne dispenser system for Premium assortment of Lotus® Moist liners for better performance and product. Looks like underwear, fe
Slide 8: Fredrik Rystedt, CFO
Fredrik Rystedt CFO April 28, 2016 Interim Report Q1 2016 8
Slide 9: Net Sales
Net Sales Q1 2016 vs. Q1 2015 2% -4% 1% 2% SEK 28,177m SEK 27,958m +1% Net sales Price/Mix Volume Currency Acquisition Net sales Q1 2015 Q1 2016 Organic sales growth 3% Price/Mix +1% Volume +2% April 28, 2016 Interim Report Q1 2016 9
Slide 10: Organic Sales Growth
Organic Sales Growth Group 8% 6% 4% 2% 0% 2012 2013 2014 2015 Q1 2016 Personal Care Tissue Forest Products 8% 8% 12% 8% 6% 6% 4% 4% 4% 0% -4% 2% 2% -8% 0% 0% -12% 2012 2013 2014 2015 Q1 2016 2012 2013 2014 2015 Q1 2016 2012 2013 2014 2015 Q1 2016 April 28, 2016 Interim Report Q1 2016 10
Slide 11: Operating Profit* – Group
Operating Profit* – Group Q1 2016 vs. Q1 2015 SEK 356m SEK -144m SEK 158m SEK -81m SEK 78m SEK -94m SEK 3,247m SEK 102m SEK 2,872m +13% Operating Price/Mix Volume Raw Energy Currency Acquisition Other Operating Profit Material Profit Q1 2015 Q1 2016 * Excluding items affecting comparability April 28
Slide 12: Cash Flow
Cash Flow Q1 2016 vs. Q1 2015 Q1 2016 Q1 2015 SEKm SEKm Operating cash surplus 4,414 4,118 Change in working capital -721 -1,028 Restructuring costs, etc -220 -227 Capital expenditures (including strategic) -1,547 -1,347 Operating cash flow including strategic capital expenditures 1,926 1,516 April
Slide 13: Items affecting comparability
Items affecting comparability Q1 2016 Q1 2016 SEKm • Provision related to Colombian competition authorities ongoing -101 investigation of jointly owned Productos Familia S.A., Colombia • Wausau, including revaluation effects pertaining to Wausau’s inventory -47 valuation in connection with the acqui
Slide 14: Magnus Groth, President and CEO
Magnus Groth President and CEO April 28, 2016 Interim Report Q1 2016 14
Slide 15: Personal Care
Personal Care Q1 2016 vs Q1 2015 Sales growth -2% Net Sales Operating Profit* SEK 974m Operating Margin* Organic sales growth 6% Operating profit increased 12%* SEK 8,319m SEK 8,151m +12% SEK 869m -2% 11.9% 10.4% +150bp Higher volumes Better price/mix Cost savings Q1 2015 Q1 2016 Q1 2015
Slide 16: Personal Care
Personal Care Q1 2016 vs Q1 2015 Organic Sales Growth Organic Sales Growth Organic sales growth 6% by Region by Product Segment Price/mix +1% Volume +5% +18% Good growth in mature markets +8% Strong growth in emerging markets +6% +6% Strong growth for feminine care Mature markets +4% +
Slide 17: Tissue
Tissue Q1 2016 vs Q1 2015 Sales growth 4% Net Sales Operating Profit* Operating Margin* SEK 15,435m SEK 16,114m SEK 1,826m Organic sales growth 4% Operating profit increased 17%* +4% +17% SEK 1,556m 11.3% 10.1% +120bp Better price/mix Higher volumes Cost savings Q1 2015 Q1 2016 Q1 2015 Q
Slide 18: Tissue
Tissue Q1 2016 vs Q1 2015 Organic Sales Growth Organic Sales Growth Organic sales growth 4% by Region by Product Segment Price/mix +2% +12% Volume +2% Strong growth in emerging markets +4% +5% Good growth for consumer tissue +4% +3% 0% Mature markets Total Mature Markets Emerging Markets
Slide 19: Forest Products
Forest Products Q1 2016 vs Q1 2015 Sales growth -6% Net Sales Operating Profit* Operating Margin* Price/mix -5% SEK 4,316m SEK 4,055m SEK 678m SEK 548m Volume -1% -6% -19% 15.7% 13.5% Operating profit decreased -19%* -220bp Lower prices (including exchange rate effects) Lower volumes Q1
Slide 20: Forest Products Price Development
Forest Products Price Development Publication Papers Kraftliner 110 115 110 105 105 100 100 95 95 90 90 2014 Q1 Q1 2016 Q1 2014 Q1 Q1 2016 Q1 Q1 2014 2015 Q1 2016 Q1 2014 2015 Q1 2016 Price index in SEK Price index in local currency Price index in SEK Price index in local currency NBSK Pulp Solid Wo
Slide 21: Summary Q1 2016
Summary Q1 2016 Good organic growth in sales and operating profit Strong organic sales growth in emerging markets Strong cash flow Good contribution from efficiency gains Introduced 10 innovations For example Libero, Libresse, Lotus, TENA and Tork Completed the acquisition of Wausau Paper Corp. on J
Slide 22: Q&A
Q&A April 28, 2016 Interim Report Q1 2016 22
Slide 23: Slide 23