Arctic Paper S.a. · GPW:ATC
Arctic Paper — H1 2012 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, Aug 31, 2012
Slide 1: Arctic Paper results for the 1st half of 2012
Arctic Paper results for the 1st half of 2012 Michał Jarczyński, CEO Michał Bartkowiak, CFO Warsaw, August 31, 2012
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 of the first half of the year 2012 Page 3 Arctic Paper S.A.
Slide 4: Market environment
Market environment
Slide 5: Deliveries of fine paper
Market environment Deliveries of fine paper Deliveries of paper in Europe ('000 metric tonnes) Change Q2 2012 vs Q1 2012 4 000 -3,8 3 429 3 408 3 250 3 250 3 127 3 500 3 226 3 192 3 083 3 148 3 068 3 128 3 000 1 550 1 469 2 500 1 699 1 658 2 000 1 813 1 788 1 654 1 636 1 700 1 699 1 658 Q1 2012 Q2 2
Slide 6: Fine paper prices
Market environment Fine paper prices As at the end of the first half of the year 2012 Graphic paper prices in EUR - German market 950 prices of fine paper in Europe experienced a decrease compared to the prices at the end of 900 2011. The average prices decrease was -1.5% for 850 UWF and -2.8% for
Slide 7: Pulp prices
Market environment Pulp prices Pulp prices (USD/tonne) As at the end of Q2 2012 pulp prices were at USD 831 per tonne for NBSK and USD 784 per tonne for BHKP. The average price for NBSK in Q2 2012 was -16.1% lower than in Q2 2011, while BHKP was down by -11.6%. In Q2 2012 average NBSK pulp price w
Slide 8: Exchange rates
Market environment Exchange rates 5,00 EUR/PLN Changes in exchange rate EUR and USD vs. PLN EUR/PLN 4,70 USD/PLN 4,47 4,42 4,50 4,41 +0,7 +7,6 4,26 4,22 4,15 4,16 4,11 4,01 3,99 3,96 4,23 4,26 4,26 3,96 4,00 3,86 3,99 3,54 3,39 3,39 3,42 3,50 3,17 3,26 3,12 2,93 2,96 Average Average Average Average
Slide 9: Exchange rates
Market environment Exchange rates 12,00 Changes in exchange rate EUR and USD vs SEK EUR/SEK EUR/SEK 10,98 10,85 USD/SEK 11,00 10,22 10,27 +0,7 (1,1) 10,00 9,71 9,51 9,15 8,97 8,93 9,26 8,85 8,91 9,01 8,91 8,92 8,84 8,78 9,00 8,27 9,17 7,70 7,79 8,00 7,13 7,22 6,99 6,71 6,71 6,90 6,98 6,84 7,00 6,63
Slide 10: 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 1,45 1,44 2,60 1,42 2,51 1,41 2,50 2,50 1,40 1,36 1,33 1,34 1,34 1,33 2,40 1,35 2,43 2,42 2,30 1,30 1,26 2,30 2,23 1,29 2,34 2,29 2,30 2,20 2,27 2,12 1
Slide 11: Operating and financial results
Operating and financial results
Slide 12: Use of production capacity and sales volume
Operating and financial results Use of production capacity and sales volume Use of production capacity for all mills 120% In Q2 2012 use of production capacity for all Group mills 110% was 98% and 1.2 p.p. higher than in Q1 2012 and 6.6 p.p. higher than in Q2 2011. The average use of 98% 97% 97% 9
Slide 13: Sales revenue
Operating and financial results Sales revenue Total sales revenue (PLN ‘000 000) AP Group sales revenue in Q2 2012 was PLN 632 800 -7,1% million, representing an increase of +9.5% compared to +9,5% 674 680 Q2 2011 and a decrease of -7.1% compared to Q1 635 641 632 632 577 577 2012. 600 Cumulativ
Slide 14: Main items of profit and loss statement
Operating and financial results Main items of profit and loss statement Q2 2012 vs. Q2 2012 vs. YTD Q2'2012 vs. Q2 Q1 Q2 Q1 2012 Q2 2011 YTD Q2 YTD Q2 YTD Q2'2011 PLN'000 2012 2012 2011 Change % Change % 2012 2011 Change % Revenues 632 354 680 420 577 487 -7,1% 9,5% 1 312 774 1 212 119 8,3% Gross pr
Slide 15: Summary of the first half of the year 2012
Summary of the first half of the year 2012
Slide 16: Summary of the first half of the year 2012
Summary of the first half of the year 2012 Arctic Paper Group Stable level of orders received and increase of sales volume and sales revenue. High level of production capacity use. Significantly better finacial results in H1 2012 compared to the corresponding period of the previous year, howev
Slide 17: Thank you
Thank you Michał Jarczyński, CEO ARCTIC PAPER GROUP Michał Bartkowiak, CFO ARCTIC PAPER GROUP Arctic Paper S.A. | Jana Henryka Dabrowskiego 334A | PL-60406 | Poznan | Poland © 2012 Arctic Paper S.A. | All rights reserved