Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q4 2011 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, Mar 1, 2012
Slide 1: Arctic Paper results for 4th quarter of 2011
Arctic Paper results for 4th quarter of 2011 Michał Jarczyński, CEO Michał Bartkowiak, CFO Warsaw, March 1, 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 4Q 2011 vs 3Q 2011 Deliveries of paper in Europe ('000 metric tonnes)) 4 000 +0,5 3 445 3 429 3 408 3 500 3 226 3 148 3 068 3 083 3 166 3 192 3 068 3 083 3 000 1 507 1 516 2 500 1 561 1 566 2 000 1 797 1 813 1 788 1 654 1 636 1 700 1 580 1 561 1
Slide 6: Fine paper prices
Market environment Fine paper prices In 4Q 2011 prices of fine paper in Europe Graphic paper prices in EUR - German market 950 experienced a significant decrease compared to 900 the prices at the end of 3Q of 2011. The average prices decrease was 4.4% for UWF and 3.4% for 850 CWF. 800 The averag
Slide 7: Pulp prices
Market environment Pulp prices Pulp prices (USD/tonne) 1 100 1 023 As at the end of 4Q 2011 pulp prices 1 000 976 973 949 977 958 were at USD 834 per tonne for NBSK 889 and USD 652 per tonne for BHKP. The 900 918 834 799 average price for NBSK in 4Q 2011 was 870 874 800 849 849 7.3% lower than in
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 USD/PLN +6,5 +11,4 4,47 4,42 4,50 4,41 4,22 4,11 4,15 4,01 4,15 4,42 4,42 3,99 3,96 3,97 4,00 3,86 3,99 3,54 3,42 3,39 3,50 3,17 3,26 2,93 2,96 3,00 2,89 2,85 2,87 2,82 Average Average Average Av
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 11,00 (0,6) (1,3) 10,22 10,27 10,00 9,71 9,51 9,15 9,09 9,21 9,09 9,15 8,93 9,26 8,97 8,92 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 6,28 Average Avera
Slide 10: Exchange rates
Market environment Exchange rates 1,60 Changes in exchange rate EUR vs. USD 2,80 Changes in exchange rate PLN vs. SEK EUR/USD PLN/SEK 2,70 1,50 1,46 1,45 2,60 1,44 2,51 1,42 2,50 1,41 2,50 1,40 1,36 1,33 1,34 1,34 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 1,20 1,22 2,10 2
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 120% Use of production capacity for all mills In 4Q 2011 use of production capacity for all Group mills 110% was 93% and 2.2 p.p. lower than in 3Q 2011 and similar to 98% 97% 98% 97% 97% 100% 94% 94% 95% the corresponding period of 2010
Slide 13: Sales revenue
Financial results Sales revenue Total and LFL sales revenue (PLN ‘000) +12,6% 800 +5,0% AP Group sales revenue in 4Q 2011 was PLN 674 million, 674 674 representing increase of 12.6% compared to 4Q 2010 and of 627 635 641 583 598 577 598 5.0% compared to 3Q 2011. 600 479 Total revenue in 2011 amo
Slide 14: Main items on profit and loss statement
Financial results Main items on profit and loss statement 4Q 2011 vs. 4Q 2011 vs. YTD 4Q'2011 vs. 4Q 3Q 4Q 3Q 2011 4Q 2010 YTD 4Q YTD 4Q YTD 4Q'2010 PLN'000 2011 2011 2010 Change % Change % 2011 2010 Change % Revenues 673 655 641 415 598 302 5,0% 12,6% 2 527 189 2 287 731 10,5% Gross profit on sales
Slide 15: Summary
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Slide 16: Summary of the 4th quarter of 2011
Summary of the 4th quarter of 2011 Arctic Paper Group Strong orderbook and increased sales revenue. High use of production capacity in 4Q 2011 of 93% and of 94% YTD. Positive influence of the exchange rate EUR/PLN and nearly neutral of the EUR/SEK on sales revenue and negative influence of USD
Slide 17: Thank you
Thank you 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.arcticpaper.com