Arctic Paper S.a. · GPW:ATC
Arctic Paper — FY2013 Earnings Presentation
18 slides from Arctic Paper's earnings presentation, Mar 28, 2014
Slide 1: Arctic Paper Group Results for the year 2013
Arctic Paper Group Results for the year 2013 Wolfgang Lübbert, CEO Małgorzata Majewska-Śliwa , CFO Warsaw, March 28th, 2014
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 for the 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 1 059 1 052 975 1 017 979 1 013 977 953 934 909 950 899 12 240 844 11 611 2 912 thousand metric tons thousand metric tons 762 (-5,1) 2 910 2 808 (+3,7) 700 566 532 544 531 5
Slide 6: Fine paper prices
Fine paper prices Graphic fine paper prices - German market 1000 At the end of Q4 2013 fine paper prices were down compared to the end of Q4 2012 for UWF and for CWF. The average price decrease was -3,9% for UWF and -2,4% for 900 CWF. EUR / ton 800 At the end of Q4 2013 the average prices for UW
Slide 7: 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 31/12 Revenues Costs 31/12 31/12 22% 7% 4,15 31% 12% 8,84 1,38 3,0 6,0 0,6 2008 2009 2010 2011 2012 2013 2008 2009 2010 2011 2012 2013 2008 2009 2010 2011 2012 2013 7,00
Slide 8: Pulp prices
Pulp prices Pulp PIX Indexes Europe 1 100 1 023 As at the end of December pulp prices 977 were at USD 906 per ton for NBSK and 949 958 906 USD 770 per ton for BHKP. The average 900 871 844 861 price for NBSK in Q4 2013 was 13,0% 834 831 837 874 810 higher than in the corresponding period of 849 84
Slide 9: Operating and financial results for the year 2013
Operating and financial results for the year 2013
Slide 10: Production capacity and sales volume
Production capacity and sales volume Production and use of production capacity for all paper mills In Q4 2013 the use of production capacity for all Group paper mills was 93%, which was +3,3 600 120% p.p. higher than in Q3 2013 and -1,2 p.p. lower than in the corresponding period of 2012. The 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 Q4 635 641 657 632 614 577 588 576 614 2013 was PLN 576m, representing a decrease 574 576 600 of -2,0% compared to Q3 2013 and decrease of -6,2% compared to Q4 2012. On the YTD tho
Slide 12: Key consolidated figures
Key consolidated figures Q4 Q4 Q3 YTD Q4 YTD Q4 Q4 2013 paper sales volume were (PLN thousands) 2013 2012 2013 2013 2012 lower than in Q3 2013 (-3,2%) and total Paper s ales volume (000' tonnes ) 182 190 188 757 789 revenues were by -6,3% lower compared to Q3 2013 (of this -12,6% is Pulp s ales volu
Slide 13: Key consolidated figures after one-offs excluding
Key consolidated figures after one-offs excluding Q4 Q4 Q3 YTD Q4 YTD Q4 (PLN thousands) 2013* 2012* 2013 2013* 2012* Paper s ales volume (000' tonnes ) 182 190 188 757 789 Pulp s ales volume (000' tonnes ) 76 0 83 333 0 Revenues 734 894 622 133 784 000 3 104 901 2 631 717 Gros s profit on s ales 65
Slide 14: Operating result and EBITDA (excluding one-offs and Rottneros)
Operating result and EBITDA (excluding one-offs and Rottneros) Q4 Operating result bridge * 25 Operating result for the Q4 2013 excluding the APG mill impairment reached level of PLN 6,0m +12 +6 - 6,1 compared to PLN -6,1m in Q4 2012 (if exclude 0 - 25,7 +7 +2 one-offs related to badwill of Rottne
Slide 15: Consolidated operating result and EBITDA
Consolidated operating result and EBITDA Q4 Operating result bridge * 25 Operating result for the Q4 2013 excluding the +12 - 19,4 -6,1 -13,4 APG mill impairment reached level of PLN - 0 - 25,7 +7 +2 13,4m compared to PLN -6,1m in Q4 2012 (if +31 exclude one-offs related to badwill on million PLN
Slide 16: Summary of the 2013
Summary of the 2013
Slide 17: The year 2013 in brief
The year 2013 in brief Market environment Visible change in demand for fine papers in Europe in Q4 2013 (+3,7% compared to Q3 2013 and +0,1% compared to Q4 2012) after poor Q2 and Q3 2013 . The decline of market paper prices continued in the fourth quarter of 2013 for both UWF (-1,7% compared en
Slide 18: Thank you
youThank 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