Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q1 2014 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, May 15, 2014
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
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 for the first quarter of 2014 Page # 3 Arctic Paper S.A.
Slide 4: Market environment
Market environment
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
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
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%
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
Slide 9: Operating and financial results for the Q1 2014
Operating and financial results for the Q1 2014
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
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
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
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 +
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 +
Slide 15: Summary of the Q1 2014
Summary of the Q1 2014
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
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