Rottneros Ab · OMXSTO:RROS

Rottneros Ab — Q4 2024 Earnings Presentation

18 slides from Rottneros Ab's earnings presentation, Feb 6, 2025

  1. Slide 1: Q4 report 2024

    Q4 report 2024 February 6, 2025 Lennart Eberleh President and CEO Monica Pasanen CFO

  2. Slide 2: Highlights Q4

    -28.. = . . EBIT Q4 2024 Maintenance stops Highlights Q4 76. ® Emission rights Q4 2024 Refinancing of long-term loans pad ® ROTTNEROS

  3. Slide 3: Highlights 2024

    4 MSEK & EBIT 2024 High raw material costs Highlights 2024 Dividend

  4. Slide 4: Market

    Market Varied market scenario

  5. Slide 5: Pulp market

    PULP MARKET A cyclical market USD/tonne Average quarterly price of NBSK Europe. SEK/tonne 1 600 16 000 Higher prices than 2023 1 400 14 000 1 200 12 000 Slower market in Q4 1 000 10 000 800 8 000 Favorable USD/SEK 600 6 000 400 4 000 2020 2021 2022 2023 2024 List price (USD/tonne) Net price (USD/ton

  6. Slide 6: Supply and demand

    SUPPLY AND DEMAND Producers’ inventories and price USD/tonne Days of producers’ inventories 1 700 62 Producer stocks decreasing 1 500 55 1 300 48 Prices stabilizing 1 100 41 900 34 Good demand in our niches, challenging market 700 27 for CTMP 500 20 2018 2019 2020 2021 2022 2023 2024 Days List price

  7. Slide 7: Production Europe

    PRODUCTION EUROPE Compared to previous year 20% 2023 Jan- Nov 2024 15% Europe is Rottneros’ main market 10% 5% 0% -5% -10% Recovery after a weak -15% 2023 -20% -25% -30% Newsprint Other packaging Graphical paper Containerboard Other Tissue Cartonboard Jan - Nov 2024 increase by 6% Source: CEPI

  8. Slide 8: Deliveries of chemical market pulp

    DELIVERIES OF CHEMICAL MARKET PULP Compared to previous year 2023 2024 30% Demand decreased 25% by -2,1% 20% 15% 10% 5% China’s share of 0% the pulp market is -5% approx. 40% -10% -15% -20% Europe North America Latin America China Other markets Source: PPPC

  9. Slide 9: Rottneros' pulp-sales per application

    Rottneros’ pulp-sales per application Sales of pulp 2024 (2023) 3% 1% PRINTING & WRITING FIBER CEMENT 3% (2) OTHER (3%) (2) CARTONBOARD 11% TISSUE (9%) 22% (29) 14% SPECIALITIES (12) 22% ELECTROTECHNICAL FILTER 23% (24) (20)

  10. Slide 10: Result

    Result Underlying improvement

  11. Slide 11: EBIT Q4 2024 vs. Q4 2023

    EBIT Q4 2024 VS. Q4 2023 (MSEK) 0 Higher sales price -20 88 71 -28 -40 Maintenance stops -60 -26 -80 -27 -100 Sales of emission -100 -20 allowances -120 -14 -140 Q4 2023 Price Volume, Variable Fixed Depreciation Other Q4 2024 and stock costs costs currency change

  12. Slide 12: EBIT 2024 vs. 2023

    EBIT 2024 VS. 2023 (MSEK) 200 46 Higher sales prices 150 139 -57 100 Lower volumes 86 47 50 -102 0 High variable costs -45 -50 -20 -100 2023 Price Volume, Variable Fixed Depreciation Other 2024 and stock costs costs currency change

  13. Slide 13: Higher wood costs in 2024

    Higher wood costs in 2024 2% Share of variable 8% costs for pulp 5% Wood Chemicals 15% Electricity Fuel Others 70%

  14. Slide 14: Efficient and solid balance sheet

    EFFICIENT AND SOLID BALANCE SHEET MSEK % Operational cash flow Net debt/cash Equity/assets % 600 100 Long-term financing 500 90 400 80 300 70 200 60 Investments 450 MSEK 100 50 0 40 -100 30 Available liquidity -200 20 -300 10 -400 0 2020 Q2 Q3 Q4 2021 Q2 Q3 Q4 2022 Q2 Q3 Q4 2023 Q2 Q3 Q4 2024 Q2 Q3

  15. Slide 15: The way ahead

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  16. Slide 16: Trends favoring pulp

    Trends favoring pulp RENEWABLE TISSUE E-COMMERCE SUSTAINABILITY ENERGY

  17. Slide 17: Summary

    SUMMARY Stabilized operations Finalizing investments Improved underlying result

  18. Slide 18: Questions and answers

    Lennart Eberleh President and CEO Monica Pasanen CFO Questions and answers

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