Arctic Paper S.a. · GPW:ATC

Arctic Paper — Q1 2014 Earnings Presentation

17 slides from Arctic Paper's earnings presentation, May 15, 2014

  1. Slide 1: Results for the first quarter of 2014

    Arctic Paper Group Results for the first quarter of 2014 Wolfgang Lübbert, CEO Małgorzata Majewska-Śliwa , CFO Warsaw, May 15th, 2014

  2. 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

  3. Slide 3: Agenda

    Agenda  Market environment  Operating and financial results  Summary for the first quarter of 2014 Page # 3 Arctic Paper S.A.

  4. Slide 4: Market environment

    Market environment

  5. Slide 5: Deliveries of fine paper

    Deliveries of fine paper Monthly deliveries of fine paper in Europe 1 200 1 047 1 052  Q1 2014 vs. Q4 2013 + 5,6 % 975 950 844  Uncoated woodfree up + 11,0%  Coated woodfree down - 0,3% 700  Arctic Paper volume up + 8,5% thousand metric tons 572 571 524  Q1 2014 vs. Q1 2013 + 0,8% 447 450 475 4

  6. Slide 6: Fine paper prices

    Fine paper prices Graphic fine paper prices - German market 1000 900 EUR / ton 800  March 2014 vs. December 2013  UWF segment average price change 700 -1,8% (Arctic Paper -0,7%) 600  CWF segment average price change -1,1% (Arctic Paper -0,9%) UWF 80g Sheets UWF 80g Reels CWF 90g Sheets CWF 90g Re

  7. Slide 7: Pulp prices

    Pulp prices Pulp PIX Indexes Europe 1 100  Average price Q1 2014 compared to Q4 2013 906 922  NBSK (long fibre) 2,5% higher 900 861 871  BHKP (short fibre) 0,4% lower 821 774 770 765  Arctic Paper pulp cost 3,5% lower 700 USD / ton 300  Average price Q1 2014 compared to Q1 2013 200  NBSK 11,3%

  8. Slide 8: Currency exposure

    Currency exposure 5,0 EUR/PLN changes 4,5  Average exch. rate Q1 2014 compared to Q4 2013 4,0  EUR/PLN 0,0%  EUR/SEK 0,0% 3,5 31/03  EUR/USD +0,6% 4,17 3,0 12,0 2012 2013 2014  Average exch. rate Q1 2014 compared to Q1 2013 EUR/SEK changes 10,5  EUR/PLN +0,7%  EUR/SEK +4,3% 9,0  EUR/USD +3,7

  9. Slide 9: Operating and financial results for the Q1 2014

    Operating and financial results for the Q1 2014

  10. Slide 10: Production capacity and sales volume

    Production capacity and sales volume Production and use of production capacity for all paper mills* 600 120%  Q1 2014 average use of production 97% 97% 98% 97% 98% Production in thousand tons 450 91% 95% 93% 94% 91% 90% 93% 93% 100% capacity 93% % of nominal capacity  - 0,1 % lower than Q4 2013 30

  11. Slide 11: Paper sales revenue and revenue per ton

    Paper sales revenue and revenue per ton Paper sales revenue * 800 674 680 673 635 641 632 641 641 614 603 617 617 577 574 576 600  Q1 2014 (PLN 616m) up + 7,1% compared to thousand PLN 400 Q4 2013  Q1 2014 down - 3,8% compared to Q1 2013* 200 * in Q3 2013 one paper machine at Arctic Paper Mochenwa

  12. Slide 12: Key consolidated figures

    Key consolidated figures Q1 Q1 Q4 (PLN thousands) 2014 2013 2013 Paper s ales volume (000' tonnes ) 197 204 182 Q1 2014 total revenues down - Pulp s ales volume (000' tonnes ) 87 86 76 2,2% compared to Q4 2013 Revenues 804 492 822 339 734 894 (-3,8% paper segment, +3,7% Gros s profit on s ales 103 6

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

    Operating result and EBITDA (excluding Rottneros) Q1 Operating result bridge 25  Operating result for the Q1 2014 10,6m PLN +3 +11 5,2 +1 - 22,6 +5  + 40,9 m PLN higher than Q4 2013 +20 0  + 5,4 m PLN higher than Q1 2013 million PLN - 2,0 -25 EBITDA evolution*  Q1 2014 EBITDA 32,0m PLN 27 32  +

  14. Slide 14: Consolidated operating result and EBITDA

    Consolidated operating result and EBITDA 25 Q4 Operating result bridge +14 +19 +5 +1 +3  Operating result for the Q1 2014 19,3m PLN 0,3 - 22,6 0 +20  + 30,4 m PLN higher than Q4 2013 million PLN  + 19,0 m PLN higher than Q1 2013 -25 -2,0 -50 EBITDA evolution*  Q1 2014 EBITDA 48,4m PLN 48 32  +

  15. Slide 15: Summary of the Q1 2014

    Summary of the Q1 2014

  16. Slide 16: Q1 2014 in brief

    Q1 2014 in brief Current situation  Huge overcapacities in the graphic paper market lead to price decreases, as the same time as market demand stabilises somewhat.  Arctic Paper show more constant deliveries of tonnage and better price stability than the overall market.  Pulp prices positive for

  17. Slide 17: Thank you

    youThank Wolfgang Lübbert, CEO ARCTIC PAPER GROUP Małgorzata Majewska –Śliwa, CFO ARCTIC PAPER GROUP Arctic Paper S.A. | Jana Henryka Dabrowskiego 334A | PL-60406 | Poznan | Poland © 2013 Arctic Paper S.A. | All rights reserved

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