Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q3 2015 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, 2015
Slide 1: Arctic Paper Group Results for the Q3 2015
Arctic Paper Group Results for the Q3 2015 Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper
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
Slide 3: Agenda
Arctic Paper Page 3 Agenda Market environment Operating and financial results Summary for the Q3 2015
Slide 4: Market environment
Arctic Paper Page 4 Market environment
Slide 5: Deliveries of fine paper
Arctic Paper Page 5 Deliveries of fine paper Monthly deliveries of fine paper in Europe 1 200 Q3 2015 vs. Q2 2015 –2,4% 990 963 948 Uncoated woodfree down -6,5% 950 882 thousand metric tons Coated woodfree up +2,8% 700 Arctic Paper volume up +5,0% 546 524 480 486 450 Q3 2015 vs. Q3 2014 -0,1
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 Sep 2015 vs. Jun 2015 UWF segment average price change 2,6% 900 (Arctic Paper: +4,0%) EUR / ton 800 CWF segment average price change 2,5% (Arctic Paper: -1,6%) 700 Sep 2015 vs. Sep 2014 UWF segment average p
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices 1 100 Pulp PIX Indexes Europe Average price Q3 2015 compared to Q2 2015 932 922 926 880 NBSK (long fibre) 1,1% lower 900 861 871 853 837 839 810 762 USD / ton BHKP (short fibre) 2,9% higher 821 810 801 797 775 774 765 752 759 700 742 743 Arctic Paper costs 2,1%
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes 4,5 Average exch. rate Q3 2015 compared to Q2 2015 4,0 EUR/PLN +2,4% EUR/SEK +1,4% 3,5 30/09 4,24 EUR/USD +0,7% 3,0 2012 2013 2014 2015 Average exch. rate Q3 2015 compared to Q3 2014 EUR/SEK changes EUR/PLN +0,3% 9,0 EUR/SEK +2,4% 7,5
Slide 9: Operating and financial results
Arctic Paper Page 9 Operating and financial results
Slide 10: Production capacity and sales volume
Arctic Paper Page 10 Production capacity and sales volume Production and use of production capacity for all paper mills* Q3 2015 average use of production capacity: 89% Production in thousand tons 2,6% higher than Q2 2015 97% 98% 450 94% 93% 93% 94% 95% 100% 93% 93% % of nominal capacity 91% 90%
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton Paper sales revenue 800 680 673 632 641 644 614 603 617 604 574 576 576 592 589 592 604 554 Q3 2015 (PLN 604m) up 9,1% compared to Q2 2015 600 Millions PLN Q3 2015 up 2,1% compared to Q3 2014 400 200 0 Paper sales revenue per ton 4,0
Slide 12: Key consolidated figures
Arctic Paper Page 12 Key consolidated figures Q3 2015 Q2 2015 Q3 2014 YTD Q3 2015* YTD Q3 2014 YTD 2015 Results impacted by reserve (PLN thousands) Paper sales volume (000' tonnes) 167 159 172 507 512 for outstanding invoices to PaperlinX Pulp sales volume (000' tonnes) 95 94 89 281 266 UK in amount
Slide 13: Q3 2015 Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 13 Q3 2015 Operating result and EBITDA (excluding Rottneros) Q3 Operating result bridge Operating result for the Q3 2015 8,9m PLN +28,0m PLN higher than Q2 2015 Milion PLN -26,4m PLN lower than Q3 2014 EBITDA evolution Q3 2015 EBITDA 28,0m PLN 56 +27,9m PLN higher than Q2 2
Slide 14: Q3 2015 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 14 Q3 2015 Consolidated operating result and EBITDA (including Rottneros) Q3 Operating result bridge Operating result for the Q3 2015 43,0m PLN +31,2 m PLN higher than Q2 2015 Milion PLN -16,1 m PLN lower than Q3 2014 EBITDA evolution Q3 2015 EBITDA 70,5m PLN +31,6m PLN hig
Slide 15: Summary for the Q3 2015
Arctic Paper Page 15 Summary for the Q3 2015
Slide 16: Q3 2015 in brief
Arctic Paper Page 16 Q3 2015 in brief Market environment: Still unfavourable level of EUR against USD, if compared to Q2 2015 no significant change +0,7% but if compared to Q3 2014 the change by – 16,1%; Graphical paper prices in Europe during Q3 2015 slightly up for UWF +2,6% for CWF +2,5%; Deliver
Slide 17: Thank you!
Thank you! Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper