Arctic Paper S.a. · GPW:ATC
Arctic Paper — H1 2014 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, Sep 4, 2014
Slide 1: Arctic Paper Group Results for the first half of 2014
Arctic Paper Group Results for the first half of 2014 Wolfgang Lübbert, CEO Małgorzata Majewska-Śliwa , CFO Warsaw, 4th of September, 2014
Slide 2: Disclaimer
Disclaimer Please read the information below carefully This presentation (the ‘Presentation’) was prepared by Arctic Paper S.A. (the ‘Company’) for information purposes only for use by investors, banks and the Company’s customers as well as market analysts and under no circumstances may it be treate
Slide 3: Agenda
Agenda Market environment Operating and financial results Summary for the first half of 2014 Page # 3 Arctic Paper S.A.
Slide 4: Market environment
Market environment
Slide 5: Deliveries of fine paper
Deliveries of fine paper Monthly deliveries of fine paper in Europe 1 200 1 052 Q2 2014 vs. Q1 Q1 2014 2014 - 7,0 % 971 963 950 925 Uncoated woodfree down - 6,8% Coated woodfree down - 7,2% 700 Arctic Paper volume down - 6,1% thousand metric tons 571 527 522 504 450 482 Q2 2014 vs. Q2 Q2 2013 2013 +
Slide 6: Fine paper prices
Fine paper prices Graphic fine paper prices - German market 1000 900 EUR / ton 800 June 2014 vs. March 2014 2014 UWF segment average price change 700 + 0,6% (Arctic Paper + 1,4%) 600 CWF segment average price change - 0,5% (Arctic Paper - 2,5%) UWF 80g Sheets UWF 80g Reels CWF 90g Sheets CWF 90g Ree
Slide 7: Pulp prices
Pulp prices Pulp PIX Indexes Europe 1 100 Average price Q2 2014 compared to Q1 2014 906 922 926 NBSK (long fibre) 1,0% higher 900 871 BHKP (short fibre) 2,1% lower 774 770 765 Arctic Paper pulp cost 3,3% lower 700 742 USD / ton 300 Average price Q2 2014 compared to Q2 2013 200 NBSK 8,7% higher 100 B
Slide 8: Currency exposure
Currency exposure EUR/PLN changes 4,5 Average exch. exch. rate Q2 2014 compared to Q1 2014 4,0 EUR/PLN - 0,4% EUR/SEK +2,2% 3,5 30/06 EUR/USD +0,1% 4,16 3,0 2012 2013 2014 Average exch. exch. rate Q2 2014 compared to Q2 2013 EUR/SEK changes 10,5 EUR/PLN - 0,8% 9,0 EUR/SEK +5,7% EUR/USD +5,0% 7,5 30/
Slide 9: Operating and financial results for the Q2 2014
Operating and financial results for the Q2 2014
Slide 10: Production capacity and sales volume
Production capacity and sales volume Production and use of production capacity for all paper mills* 600 120% Q2 2014 2014 average use of production 97% 98% 97% 98% 95% 93% 97% capacity 93% 93% Production in thousand tons 450 94% 100% 91% 91% 90% 93% 93% 93% % of nominal capacity 0,2 % higher than Q1
Slide 11: Paper sales revenue and revenue per ton
Paper sales revenue and revenue per ton Paper sales revenue * 800 674 680 673 635 641 632 641 614 603 617 577 574 576 576 574 576 600 Q2 2014 (PLN 576m) down 6,6% compared to thousand PLN 400 Q1 2014 Q2 2014 up 0,3% compared to Q2 2013* 200 * in Q3 2013 one paper machine at Arctic Paper Mochenwangen
Slide 12: Key consolidated figures
Key consolidated figures Q2 Q2 Q1 YTD Q2 YTD Q2 (PLN thousands) 2014 2013* 2014 2014 2013* Paper s ales volume (000' tonnes ) 185 183 197 382 388 Pulp s ales volume (000' tonnes ) 88 88 85 173 177 Revenues 753 883 763 668 804 492 1 558 375 1 586 007 Gros s profit on s ales 100 759 -7 812 103 645 204
Slide 13: Operating result and EBITDA (excluding Rottneros)
Operating result and EBITDA (excluding Rottneros) Q2 Operating result bridge Operating result for the Q2 2014 2014 10, 10,1 m PLN - 0,5 m PLN lower than Q1 2014 million PLN + 94,7 m PLN higher than Q2 2013 EBITDA evolution* Q2 2014 2014 EBITDA 31, 31,3m PLN 31 - 0,8 m PLN lower than Q1 2014 million
Slide 14: Consolidated operating result and EBITDA (including Rottneros)
Consolidated operating result and EBITDA (including Rottneros) Q2 Operating result bridge Operating result for the Q2 2014 2014 24, 24,2 m PLN + 4,9 m PLN higher than Q1 2014 million PLN + 119,4 m PLN higher than Q2 2013 EBITDA evolution* 53 Q2 2014 2014 EBITDA 52, 52,8m PLN + 4,4 m PLN higher than
Slide 15: Summary of the first half 2014
Summary of the first half 2014
Slide 16: First half of 2014 in brief
First half of 2014 in brief Current situation Arctic Paper has during Q2 continued in the same profitable way as Q1 and thereby adding up to a positive result for the first half year. Arctic Paper has, on a market of overcapacity and turbulence, shown adaptability. Even though the demand continues t
Slide 17: Thank you
you Wolfgang Lübbert, Lübbert, CEO ARCTIC PAPER GROUP Małgorzata Majewska –Śliwa, CFO ARCTIC PAPER GROUP Arctic Paper S.A. | Jana Henryka Dabrowskiego 334A | PL-60406 | Poznan | Poland © 2013 Arctic Paper S.A. | All rights reserved