Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q3 2017 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, 2017
Slide 1: Arctic Paper Group Results for Q3 2017
Arctic Paper Group Results for Q3 2017 Per Skoglund, CEO Göran Eklund, CFO
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 Operations and financial results Summary for the Q3 2017
Slide 4: Market environment
Arctic Paper Page 4 Market environment
Slide 5: Fine paper prices
Arctic Paper Page 5 Fine paper prices Graphic fine paper prices - German market 1000 SEP 2017 compared to JUN 2017 900 UWF segment average price change +2.2% EUR / ton 800 CWF segment average price change +2.5% 700 SEP 2017 compared to SEP 2016 600 UWF 80g Sheets UWF 80g Reels CWF 90g Sheets
Slide 6: Pulp prices
Arctic Paper Page 6 Pulp prices Pulp PIX Indexes Europe 1 100 700 Average price Q3 2017 compared to Q3 2016 931 932 600 906 NBSK (long fibre): 10.2% higher 880 890 900 853 839 826 500 803 806 810 809 890 789 BHKP (short fibre): 30.0% higher USD / ton 832 797 810 400 789 700 759 743 737 725 722
Slide 7: Currency exposure
Arctic Paper Page 7 Currency exposure EUR/PLN changes Average exchange rate Q3 2017 compared to Q2 2017 4,8 4,6 EUR/PLN 1.0% 4,3 EUR/SEK -1.3% 4,1 29/09 4.31 EUR/USD +6.7% 3,8 2013 2014 2015 2016 2017 Average exchange rate Q3 2017 compared to Q3 2016 EUR/SEK changes 10,3 EUR/PLN -1.9% 9,
Slide 8: Operations
Arctic Paper Page 8 Operations
Slide 9: Budget production capacity and sales volume
Arctic Paper Page 9 Budget production capacity and sales volume* Production and use of production capacity for all paper mills* Q3 2017 average use of budgeted production 600 120% capacity: 98% Production in thousand tons 98% 99% 98% 98% 98% 98% % of nominal capacity 97% 95% 95% 450 93% 94% 95% 10
Slide 10: Paper sales revenue and revenue per ton
Arctic Paper Page 10 Paper sales revenue and revenue per ton* Paper sales revenue* 800 579 590 569 575 555 569 Q3 2017 (PLN 542m) down by 4.7% compared to Q3 600 535 524 542 525 540 520 542 542 504 498 513 milion PLN 2016 400 Q3 2017 up by 5.7% compared to Q2 2017 200 0 4,0 Paper sales revenue p
Slide 11: Financial results
Arctic Paper Page 11 Financial results
Slide 12: Key consolidated figures
Arctic Paper Page 12 Key consolidated figures YTD SEP 2017 total revenues down -2.1% Q3 Q2 Q3 YTDSEP YTDSEP compared to YTD SEP 2016 2017 2017 2016 2017 2016 (PLN thousands) (-4.0% paper segment, +3.8% pulp segment Paper sales volume (000' tonnes) 164 160 171 499 503 revenue) Pulp sales volume (000'
Slide 13: Q3 2017 Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 13 Q3 2017 Operating result and EBITDA (excluding Rottneros) 50 Q3 Operating result bridge Operating result for the Q3 2017 18.7m PLN +29,4 -25,2 11.8m PLN higher than Q2 2017 25 +1,3 +18,7 +2,9 -0,2 -10.7m PLN lower than Q3 2016 +12,3 Million PLN -1,7 0 EBITDA evolution Q3 2
Slide 14: Q3 2017 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 14 Q3 2017 Consolidated operating result and EBITDA (including Rottneros) 75 Q3 Operating result bridge +48 -25,2 Operating result for the Q3 2017 38,5m PLN 50 +1,3 +1 +38,5 5.5mPLN higher than Q2 2017 +12,3 +2,9 -0,2 Million PLN -9.5m PLN lower than Q3 2016 25 -1,7 0 EBITDA e
Slide 15: Summary of 3Q 2017
Arctic Paper Page 15 Summary of 3Q 2017
Slide 16: Q3 2017 in brief
Arctic Paper Page 16 Q3 2017 in brief Market environment: Still unfavourable pulp prices market development in Q3 2017 for paper segment, BHKP, short fibre average Q3 2017 +30% and NBSK, long fibre average Q3 2017 +10.2% if compared to Q3 2016, accordingly BHKP +11.6% and NBSK +4.0% if compared aver
Slide 17: Thank you!
Thank you! Per Skoglund, CEO Göran Eklund, CFO