Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q1 2012 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, May 16, 2012
Slide 1: Arctic Paper results for 1st quarter of 2012
Arctic Paper results for 1st quarter of 2012 Michał Jarczyński, CEO Michał Bartkowiak, CFO Warsaw, 16th May 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 Financial results Summary 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 1Q 2012 vs 4Q 2011 Deliveries of paper in Europe ('000 metric tonnes) +5,4 4 000 3 083 3 250 3 445 3 429 3 408 3 500 3 226 3 192 3 148 3 068 3 083 3 250 1 516 1 550 3 000 2 500 1 566 1 699 2 000 1 797 1 813 1 788 4Q 2011 1Q 2012 1 654 1 636 1 700
Slide 6: Fine paper prices
Market environment Fine paper prices In 1Q 2012 prices of fine paper in Europe 950 Graphic paper prices in EUR - German market experienced a decrease compared to the 900 prices at the end of 2011. The average prices decrease was 2.1% for UWF and 850 2.6% for CWF. 800 The average prices for UWF a
Slide 7: Pulp prices
Market environment Pulp prices As at the end of 1Q 2012 pulp prices Pulp prices (USD/tonne) were at USD 844 per tonne for NBSK 1 100 1 023 and USD 753 per tonne for BHKP. The 1 000 976 973 949 977 958 average price for NBSK in 1Q 2012 was 889 12.9% lower than in 1Q 2011, while 900 844 BHKP was dow
Slide 8: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR and USD vs. PLN EUR/PLN 5,00 EUR/PLN 4,70 (4,3) +7,1 USD/PLN 4,47 4,42 4,50 4,41 4,22 4,42 4,23 4,23 4,11 4,15 4,16 3,95 4,01 3,99 3,96 4,00 3,86 3,99 3,54 3,39 3,42 3,50 3,17 3,26 3,12 2,93 2,96 Average Average Average Average 3,00 2,89
Slide 9: 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 (2,6) +0,3 11,00 10,22 10,27 10,00 9,71 9,09 8,85 8,83 8,85 9,51 9,15 8,97 8,93 9,26 8,92 8,84 9,00 8,27 9,17 7,70 7,79 8,00 7,13 7,22 6,99 6,71 6,71 6,90 6,84 7,00 6,63 6,28 Avera
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 2,60 1,44 2,51 1,42 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 2,30 2,23 1,29 2,34 2,29 2,30 2,20 2,27 2,12 1,20 1
Slide 11: Financial results
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Slide 12: Use of production capacity and sales volume
Financial results Use of production capacity and sales volume Use of production capacity for all mills 120% In 1Q 2012 use of production capacity for all Group mills 110% was 96% and 3.3 p.p. higher than in 4Q 2011 and similar to 100% 98% 97% 98% 97% 97% 96% the corresponding period of 2011. The a
Slide 13: Sales revenue
Financial results Sales revenue Total sales revenue (PLN ‘000) +1,0% 800 +6,1% AP Group sales revenue in 1Q 2012 was PLN 680 million, 674 680 627 635 641 representing an increase of 1.0% compared to 4Q 2011 and 583 598 577 600 of 7.2% compared to 1Q 2011. 479 400 200 0 1Q 2010 2Q 2010 3Q 2010 4Q 2
Slide 14: Main items on profit and loss statement
Financial results Main items on profit and loss statement 1Q 2012 vs. 1Q 2012 vs. 1Q 4Q 1Q 4Q 2011 1Q 2011 PLN'000 2012 2011 2011 Change % Change % Revenues 680 420 673 651 634 632 1,0% 7,2% Gross profit on sales (w/h D&A) 144 977 145 613 115 281 -0,4% 25,8% % of sales 21,3% 21,6% 18,2% -0 p.p. 3 p.
Slide 15: Summary
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Slide 16: Summary of the first quarter of 2012
Summary of the first quarter of 2012 Arctic Paper Group Orders inflow continued to grow, the same with sales revenue. High level of production capacities use. Compared to 1Q 2011, positive effect of average exchange rates (EUR/PLN and almost neutral EUR/SEK) on the levels of sales revenue real
Slide 17: Thank you for attention
Thank you for attention Michał Jarczyński, CEO ARCTIC PAPER GROUP Michał Bartkowiak, CFO ARCTIC PAPER GROUP Photos: fotolia.com iStockPhoto.com Arctic Paper's archive © 2012 Arctic Paper S.A. All rights reserved. Arctic Paper S.A. Jana Henryka Dabrowskiego 334A, PL-60406, Poznan, Poland www.arcticpa