Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q2 2013 Earnings Presentation
14 slides from Billerud Ab's earnings presentation, Jul 18, 2013
Slide 1: Interim Report January-June 2013
INTERIM REPORT JANUARY-JUNE 2013 2013-07-18 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Already half way to realising synergy target
ALREADY HALF WAY TO REALISING SYNERGY TARGET ANNUAL PACE OF MSEK ~260 AS PER END OF Q2 2013 600 500 400 MSEK 300 200 100 0 2013 2014 2015 Accumulated synergies Annual pace 2
Slide 3: Vision and Mission
VISION AND MISSION WE PACKAGING FOR A 3
Slide 4: Smarter packaging driving growth
SMARTER PACKAGING DRIVING GROWTH Packaging without boundaries Packaging that lowers Packaging that increases transport costs productivity Packaging that boosts brands Packaging that reduces and attracts consumers environmental impact 4
Slide 5: Smarter packaging driving growth
SMARTER PACKAGING DRIVING GROWTH Packaging without boundaries Packaging that lowers Packaging that increases transport costs productivity Packaging that boosts brands Packaging that reduces and attracts consumers environmental impact 5
Slide 6: Key financials
KEY FINANCIALS vs. vs. Q2 2013 Q1 2013 Jan-Jun Jan-Jun 2013 2012 Net sales, SEKm 4 973 -3% 10 105 +114% Adjusted operating profit, SEKm 318 -26% 750 +111% Return on capital employed, %* 6% -1 p.p. 6% -8 p.p. Operating cash flow, SEKm 94 -70% 403 +484% Net debt/equity, multiple 0.85 +0.05 0.85 +0.60
Slide 7: Strong SEK still challenging
STRONG SEK STILL CHALLENGING 120 115 110 TCW index* 105 100 95 90 2004 Q4 - Q4 - Q4 - Q4 - Q4 - Q4 - Q4 - Q4- 05 06 07 08 09 10 11 12 Source: Riksbanken *Total Competitiveness Weights Index 7
Slide 8: Business Area Packaging Paper
BUSINESS AREA PACKAGING PAPER Market situation slower than normal Net sales MSEK 1 846 Operating profit MSEK 76, Adjusted operating profit MSEK 88 Operating margin 4%, Adjusted operating margin 5% Key take-away Slight price erosion in Q2 Additional competing capacity in 2014 8
Slide 9: Business Area Consumer Board
BUSINESS AREA CONSUMER BOARD Stable and satisfactory market situation Net sales MSEK 1 784 Operating profit MSEK 126 Operating margin 7% Key take-away Stable demand and continued global growth 9
Slide 10: Business Area Containerboard
BUSINESS AREA CONTAINERBOARD Firm market situation with a slight slowdown towards the end of Q2 Net sales MSEK 758 Operating profit MSEK 66 Operating margin 9% Key take-away Marginal price increases implemented Increased uncertainty in Q3 regarding order situation 10
Slide 11: Outlook
OUTLOOK Synergy and savings target of MSEK ~530 by end of 2015 Market situation for Q3 Consumer Board – remain stable and satisfactory Containerboard – stable but with increased uncertainty Packaging Paper – slower than normal why downtime may occur Prices in local currency for Q3 Expected to stay o
Slide 12: Capital Markets Day on 14 November 2013
CAPITAL MARKETS DAY ON 14 NOVEMBER 2013 Capital Markets Day in Stockholm on 14 November 2013. More info will be posted on www.billerudkorsnas.com 12
Slide 13: Q&A
BILLERUDKORSNAS Q&A
Slide 14: BillerudKorsnäs
BILLERUDKORSNAS