Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q4 2010 Earnings Presentation
20 slides from Arctic Paper's earnings presentation, Mar 2, 2011
Slide 1: Arctic Paper results for 4th quarter of 2010
Arctic Paper results for 4th quarter of 2010 Michał Jarczyński, CEO Michał Bartkowiak, CFO Warsaw, 2 March 2011
Slide 2: Disclaimer
Disclaimer Please read the information below carefully TRANSLATORS’ EXPLANATORY NOTE The following document is a translation of the presentation of the Arctic Paper Group. In the event of any discrepancy in the terminology, the Polish version is controlling. This presentation (the ‘Presentation’) wa
Slide 3: Agenda
Agenda Market environment Financial results Summary Additional slides 3
Slide 4: Market environment
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Slide 5: Deliveries of fine paper in Europe
Market environment Deliveries of fine paper in Europe Deliveries of paper in Europe ('000 metric tonnes) Change 4Q -6,4 4 500 3 938 3 166 2 964 4 000 3 582 3 522 3 499 3 309 3 166 1 586 1 435 3 500 3 203 3 288 3 119 2 919 2 925 2 964 3 000 1 580 1 528 2 500 2 003 2 000 1 892 4Q 2009 4Q 2010 1 707 1
Slide 6: Fine paper prices
Market environment Fine paper prices In 4Q 2010 there was a stabilization in prices of fine paper, Graphic paper prices in EUR - German market although modest declines in paper prices were noted for 950 selected markets and paper types. 900 From March through December 2010 the prices declared by
Slide 7: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR and USD vs. PLN PLN/EUR 5,00 EUR/PLN 4,70 USD/PLN 4,47 (1,0) (7,7) 4,50 4,22 4,15 4,33 4,11 4,01 3,97 3,99 3,99 3,96 4,00 3,86 3,54 3,39 3,50 3,17 2,96 Average Average Average Average 2,93 2,89 3Q.2010 4Q.2010 YTD 2009 YTD 2010 3,00 2,85
Slide 8: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR and USD vs. SEK EUR/SEK 12,00 EUR/SEK 10,98 10,85 USD/SEK 11,00 10,27 (1,9) (10,2) 10,22 10,62 10,00 9,71 9,38 9,54 9,51 9,21 9,15 8,97 9,00 8,27 7,70 7,79 8,00 7,13 7,22 Average Average Average Average 6,99 7,00 6,71 3Q.2010 4Q.2010 YTD
Slide 9: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR vs. USD Changes in exchange rate PLN vs. SEK 1,60 2,80 EUR/USD PLN/SEK 2,70 1,50 1,46 1,44 2,60 2,51 1,41 2,50 2,50 1,40 1,36 1,33 1,34 1,34 2,40 2,43 2,42 1,30 2,30 2,27 2,34 2,29 2,30 2,20 1,20 1,22 2,10 1,10 2,00 12.2008 03.2009 06.20
Slide 10: Pulp prices
Market environment Pulp prices Pulp prices (USD/tonne) 1 000 976 973 949 970 973 951 As of the end of 4Q 2010 pulp prices 934 925 919 914 911 889 were at USD 949 per tonne for NBSK 900 918 and USD 849 per tonne for BHKP. The 799 870 800 849 858 average price for NBSK in 4Q 2010 was 813 815 815 810
Slide 11: Financial results
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Slide 12: Sales volume and revenue
Financial results Sales volume and revenue 29,9% 800 Total and LFL sales volume ('000 tonnes) 745 In 4Q 2010 and for the year as a whole AP Group observed 700 growth in sales volume compared to 2009 of about 30%. 573 Sales volume in 4Q 2010 was 188,000 tonnes, down slightly 600 from 3Q 2010 (-3.8%
Slide 13: Main items on profit and loss statement
Financial results Main items on profit and loss statement 4Q 2010 vs. 4Q 2010 vs. YTD 4Q'2010 vs. 4Q 3Q 4Q 3Q 2010 4Q 2009 YTD 4Q YTD 4Q YTD 4Q'2009 PLN'000 2010 2010 2009 Change % Change % 2010 2009 Change % Revenues 598 302 627 122 432 769 -4,6% 38,2% 2 287 731 1 809 085 26,5% Gross profit on sale
Slide 14: Summary
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Slide 15: Summary of 4th quarter of 2010
Summary of 4th quarter of 2010 Market conditions were similar to those in 3Q 2010, particularly with respect to paper prices and pulp prices. Production capacity was nearly entirely used, with a lower influx of orders than in 3Q 2010. Revenue per tonne of paper, in PLN, was similar, with lower
Slide 16: Thank you for your attention
Thank you for your attention Michał Jarczyński, CEO ARCTIC PAPER GROUP Michał Bartkowiak, CFO ARCTIC PAPER GROUP Media: Iwona Sacewicz-Mojsiuszko, M+G tel. +48 22 625 71 40 e-mail: iwona.mojsiuszko@mplusg.com.pl Investor relations: Photos: fotolia.com e-mail: ir@arcticpaper.com iStockPhoto.com Arcti
Slide 17: Additional slides
Additional slides
Slide 18: Description of Arctic Paper Group
Description of Arctic Paper Group Key competitive advantages and information about Arctic Paper Group Strong brand and leading position on the Developed book paper market sales network in Europe One of the leading manufacturers of high Optimal geographical structure of grade graphic paper in Eur
Slide 19: Developed sales network
Developed sales network Close customer relationships and a better understanding of the changes ensuing on the market Arctic Paper has its own developed sales network including 3 Distribution Companies and 15 Sales Offices, which means more than 130 sales staff working directly with our customers
Slide 20: Our paper mills
Our paper mills Efficiency and flexibility of production processes Arctic Paper Arctic Paper Arctic Paper Arctic Paper Kostrzyn Munkedals Mochenwangen Grycksbo Production capacity 275,000 tonnes per annum 160,000 tonnes per annum 115,000 tonnes per annum 265,000 tonnes per annum Uncoated wood‐free p