Arctic Paper S.a. · GPW:ATC

Arctic Paper — H1 2017 Earnings Presentation

17 slides from Arctic Paper's earnings presentation, 2017

  1. Slide 1: Arctic Paper Group Results for 1H 2017

    Arctic Paper Group Results for 1H 2017 Per Skoglund, CEO Małgorzata Majewska, CFO Wolfgang Lübbert, EVP Marketing and Strategy

  2. Slide 2: Disclaimer

    Arctic Paper Page 2 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 circumstan

  3. Slide 3: Agenda

    Arctic Paper Page 3 Agenda Market environment Operations and financial results Summary for the 1H 2017

  4. Slide 4: Market environment

    Arctic Paper Page 4 Market environment

  5. Slide 5: Fine paper prices

    Arctic Paper Page 5 Fine paper prices Graphic fine paper prices - German market 1000  JUN 2017 vs. MAR 2017 900  UWF segment average price change +1,7% EUR / ton 800  CWF segment average price change +2,9% 700  JUN 2017 vs. JUN 2016 600  UWF segment average price change +1,2% UWF 80g Sheets UWF

  6. Slide 6: Pulp prices

    Arctic Paper Page 6 Pulp prices Pulp PIX Indexes Europe 1 100 700  Average price Q2 2017 compared to Q2 2016 600 926 931 932  NBSK (long fibre): 8,0% higher 880 890 900 853 839 826 500 803 806 810 809 789 USD / ton  BHKP (short fibre): 12,9% higher 797 810 789 832 400 759 700 742 743 737 725 722

  7. Slide 7: Currency exposure

    Arctic Paper Page 7 Currency exposure EUR/PLN changes  Average exch. rate Q2 2017 compared to Q1 2017 4,8 4,6  EUR/PLN -2,4% 4,3  EUR/SEK +1,9% 30/06 4,1 4.23  EUR/USD +3,4% 3,8 2013 2014 2015 2016 2017  Average exch. rate Q2 2017 compared to Q2 2016 EUR/SEK changes 10,3  EUR/PLN -3,5% 9,8  E

  8. Slide 8: Operations

    Arctic Paper Page 8 Operations

  9. Slide 9: Budget production capacity and sales volume

    Arctic Paper Page 9 Budget production capacity and sales volume* Production and use of production capacity for all paper mills*  Q2 2017 average use of budgeted production 600 120% capacity: 98% Production in thousand tons 98% 99% 98% 98% 98% % of nominal capacity 96% 97% 95% 95% 450 93% 94% 95% 10

  10. Slide 10: Paper sales revenue and revenue per ton

    Arctic Paper Page 10 Paper sales revenue and revenue per ton* Paper sales revenue* 800 579 590 569 575 555  Q2 2017 (PLN 513m) down by 4,9% compared to Q2 600 522 535 524 542 525 540 520 540 504 498 513 513 milion PLN 2016 400  Q2 2017 down by 10,8% compared to Q1 2017 200 0 4,0 Paper sales revenu

  11. Slide 11: Financial results

    Arctic Paper Page 11 Financial results

  12. Slide 12: Key consolidated figures

    Arctic Paper Page 12 Key consolidated figures 1H 2017 total revenues down -1,5% Q2 Q1 Q2 1H 1H compared to 1H 2016 (PLN thousands) 2017 2017 2016 2017 2016 (-3,8% paper segment, +4,7% pulp segment Paper sales volume (000' tonnes) 160 176 160 336 332 revenue) Pulp sales volume (000' tonnes) 85 101 91

  13. Slide 13: Q2 2017 Operating result and EBITDA (excluding Rottneros)

    Arctic Paper Page 13 Q2 2017 Operating result and EBITDA (excluding Rottneros) Q2 Operating result bridge Operating result for the Q2 2017 6,9m PLN  -11,9m PLN lower than Q1 2017  -2,4m PLN lower than Q2 2016 Million PLN EBITDA evolution Q2 2017 EBITDA 26,8m PLN 49  -12,3m PLN lower than Q1 201

  14. Slide 14: Q2 2017 Consolidated operating result and EBITDA (including Rottneros)

    Arctic Paper Page 14 Q2 2017 Consolidated operating result and EBITDA (including Rottneros) Q2 Operating result bridge Operating result for the Q2 2017 33,0m PLN  -11,1mPLN lower than Q1 2017 Million PLN  -0,7m PLN lower than Q2 2016 EBITDA evolution Q2 2017 EBITDA 64,6m PLN  -11,0m PLN lower t

  15. Slide 15: Summary of 1H 2017

    Arctic Paper Page 15 Summary of 1H 2017

  16. Slide 16: 1H 2017 in brief

    Arctic Paper Page 16 1H 2017 in brief Market environment: Unfavourable pulp prices market development in second part of 1H 2017 for paper segment, BHKP, short fibre average Q2 2017 +12,9% and NBSK, long fibre average Q2 2017 +8,0% if compared to Q2 2016, accordingly BHKP +15,0% and NBSK +5,4% if com

  17. Slide 17: Thank you!

    Thank you! Per Skoglund, CEO Małgorzata Majewska, CFO Wolfgang Lübbert, EVP Marketing and Strategy

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