Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q3 2013 Earnings Presentation
16 slides from Arctic Paper's earnings presentation, Nov 14, 2013
Slide 1: Results for the third quarter of 2013
Arctic Paper Group Results for the third quarter of 2013 Wolfgang Lübbert, CEO Małgorzata Majewska-Śliwa , CFO Warsaw, November 14th, 2013
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 of the third quarter of 2013 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 Quarterly and YTD deliveries of fine paper in Europe 1 200 1 088 1 060 1 059 1 013 1 001 979 977 975 953 909 934 9 330 950 899 8 698 2 808 thousand metric tons thousand metric tons (-6,8) 2 952 2 838 (-1,1) 762 700 545 566 535 532 5
Slide 6: Fine paper prices
Fine paper prices Graphic fine paper prices - German market 1000 At the end of September 2013 the average prices for UWF decreased by -1,9% and for CWF decreased by -1,7% compared to June 2013. 900 EUR / ton Fine paper prices as at the end of Q3 2013 were lower 800 compared to the end of Q3 2012 for
Slide 7: Pulp prices
Pulp prices Pulp PIX Indexes Europe 1 100 1 023 As at the end of September pulp prices 973 977 were at USD 871 per ton for NBSK and 949 958 USD 774 per ton for BHKP. The average 900 871 844 837 861 price for NBSK in Q3 2013 was 9,3% higher 834 831 810 870 874 than in the corresponding period of 2012
Slide 8: Currency exposure
Currency exposure EUR/PLN changes EUR/SEK changes EUR/USD changes 5,0 12,0 1,8 4,5 10,5 1,5 4,0 9,0 1,2 3,5 7,5 0,9 Revenues Costs 30/09 Revenues Costs 30/09 30/09 22% 7% 4,32 31% 12% 8,67 1,35 3,0 6,0 0,6 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 7,00 14,00 1,50 5,2
Slide 9: Operating and financial results
Operating and financial results
Slide 10: Production capacity and sales volume
Production capacity and sales volume Production and use of production capacity for all paper mills In Q3 2013 use of production capacity for all Group paper mills was 89% and -1,3 p.p. lower 600 120% than in Q2 2013 and -7,4 p.p. lower than in the corresponding period of 2012. The average use 97% 97
Slide 11: Paper sales revenue and revenue per ton
Paper sales revenue and revenue per ton Paper sales revenue 800 674 680 673 Arctic Paper Group paper sales revenue in Q3 641 657 673 635 632 614 598 598 2013 was PLN 598m, representing increase of 577 574 600 +4,3% compared to Q2 2013 and decrease of - 11,1% compared to Q3 2012. On the YTD basis tho
Slide 12: Key consolidated figures
Key consolidated figures Q3 Q3 Q2 YTD Q3 YTD Q3 Q3 2013 paper sales volume higher (PLN thousands) 2013 2012 2013 2013 2012 than in Q2 2013 (+2,3%) and revenues Paper sales volume (000' tonnes) 188 206 183 575 600 higher by +2,7% (of which -5,4% is Rottneros revenue decrease and Pulp sales volume (00
Slide 13: Operating result and EBITDA
Operating result and EBITDA Q3 Operating result bridge Operating result for the Q3 2013 reached level of PLN -7,0m compared to PLN 10,5m in the corresponding period of 2012. Main contributor to such a decrease was lower volume (PLN - million PLN 58,9m) and price&fx effect (PLN -10,9m). Part of that
Slide 14: Summary of the third quarter of 2013
Summary of the third quarter of 2013
Slide 15: The third quarter of 2013 in brief
The third quarter of 2013 in brief Market environment Continued weak demand for fine papers in Europe in Q3 2013 (-1,1% compared to Q3 2012 and -6,8% on the YTD basis). Continued decline of market paper prices in the third quarter of 2013 for UWF (-1,9% compared to Q2 2013) and for CWF (-1,7% compar
Slide 16: Thank you
you 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