Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q2 2014 Earnings Presentation
11 slides from Billerud Ab's earnings presentation, Jul 21, 2014
Slide 1: Interim Report January-June 2014
INTERIM REPORT JANUARY-JUNE 2014 2014-07-21 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Stable markets in Q2
STABLE MARKETS IN Q2 No effect from increased market capacity on prices in the quarter Normal kraft paper market Seasonally stronger than normal sack paper market Price increases on sack paper As expected liquid packaging board and cartonboard experienced a solid market situation with stable prices
Slide 3: Key highlights Q2 2014 interim report: net sales and adjusted operating profit
KEY HIGHLIGHTS Q2 2014 INTERIM REPORT NET SALES SEK 5 128 MILLION. ADJUSTED OPERATING PROFIT SEK 467 MILLION Net sales, SEKm Adj. op. profit, SEKm 12 000 3% 1 200 10 538 10 186 10 000 1 000 34% 1 022 8 000 800 - 5% 762 - 16% 6 000 2% 600 44% 555 5 005 5 410 5 128 4 000 400 467 324 2 000 200 0 0 3 Al
Slide 4: Key highlights Q2 2014 interim report: cash flow, ROCE, net debt/equity
KEY HIGHLIGHTS Q2 2014 INTERIM REPORT CASH FLOW SEK 433 MILLION. ROCE 8%, NET DEBT/EQUITY 0.79 Op. cash flow, SEKm ROCE, % Net debt/equity 900 10 0,90 0,91 750 818 8 0,78 0,79 8 600 0,60 6 6 450 433 4 381 300 0,30 150 2 104 0 0 0,00 Jan-Jun 13 Jan-Jun 14 4 All 2013 comparable numbers include Bomhus
Slide 5: Business Area Packaging Paper Q2 2014
BUSINESS AREA PACKAGING PAPER Q2 2014 Normal market situation for kraft paper, stronger than normal for sack paper Net sales MSEK 2 016 Operating profit MSEK 169 Operating margin 8% Key take-away The order situation for kraft paper was normal and sack paper stronger than normal Prices in local curre
Slide 6: Business Area Consumer Board Q2 2014
BUSINESS AREA CONSUMER BOARD Q2 2014 Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 1 822 Operating profit MSEK 253 Operating margin 14% Key take-away Stable demand and continued global growth 6
Slide 7: Business Area Containerboard Q2 2014
BUSINESS AREA CONTAINERBOARD Q2 2014 Stable order book except for order intake on white liner Net sales MSEK 767 Operating profit MSEK 59 Operating margin 8% Key take-away Stable order intake except for white liner, which was weaker due to increased market competition Prices in local currency were s
Slide 8: On track to reach synergy targets ahead of plan
ON TRACK TO REACH SYNERGY TARGETS AHEAD OF PLAN ANNUAL PACE OF MSEK ~490 AS PER END OF Q2 2014 600 Target 500 400 MSEK 300 200 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 Quarterly synergies* Annual pace *Synergies and savings realised in the quarter, compared to if the synergy and savings programme had
Slide 9: Outlook
OUTLOOK Demand and order situation is expected to remain stable during the third quarter 2014 for all business areas Average prices in local currency are anticipated to stay on current level for the third quarter 2014 for Packaging Paper and Consumer Board. Pressure on primary fibre based prices wit
Slide 10: Q&A
BILLERUDKORSNAS Q&A
Slide 11: Athy
Athy BILLERUDKORSNAS