Mayr-Melnhof Karton AG · VIE:MMK

Mayr-Melnhof Karton — Q3 2014 Earnings Presentation

20 slides from Mayr-Melnhof Karton's earnings presentation, Nov 13, 2014

  1. Slide 1: 1st – 3rd Quarter Results 2014

    MAYR-MELNHOF GROUP 1st – 3rd Quarter Results 2014 November 13, 2014

  2. Slide 2: Market Position

    Market Position MM KARTON World‘s largest producer of recycled fiber based cartonboard with a rising position in virgin fiber based board MM PACKAGING Leading European folding carton producer with growing presence outside of Europe 2

  3. Slide 3: 41 Production Sites

    41 Production Sites - 41 Plants - in 20 Countries - on 4 Continents 9,532 Employees MM Karton, 7 Mills MMK FollaCell MM Packaging, 34 Plants 3

  4. Slide 4: Headlines 1st - 3rd Quarter 2014

    Headlines 1st - 3rd Quarter 2014 • Growth in sales and profit • Solid volume development • Increasingly restrained demand 4

  5. Slide 5: Group Results 1st – 3rd Quarter 2014

    Group Results 1st – 3rd Quarter 2014 consolidated in millions of EUR, IFRS 1-3Q/2014 1-3Q/2013 +/- Sales 1,571.0 1,497.1 +4.9 % Operating profit 136.5 130.2 +4.8 % Operating margin (in %) 8.7 % 8.7 % Profit before tax 131.5 122.2 +7.6 % Income tax expense (34.0) (29.4) Profit for the period 97.5 92.

  6. Slide 6: MM Group – Quarterly Overview

    MM Group – Quarterly Overview 600 Datenreihen1 Datenreihen2 14% 500 12% 400 10% 8% 300 6% 200 4% 100 2% in millions of EUR - 0% Sales Operating Margin 6

  7. Slide 7: Sales by Destination

    Sales by Destination Westeuropa Western Europe 58.7 % Osteuropa Eastern Europe 26.0 % Asia 5.7 % Sonstige Other Latin America Asien 4.5 % 5.1 % 7

  8. Slide 8: Consolidated Balance Sheet

    Consolidated Balance Sheet consolidated in millions of EUR, IFRS Sep. 30, 2014 Dec. 31, 2013 Non-current assets 812.3 791.3 Current assets 863.6 911.2 Total assets 1,675.9 1,702.5 Equity 1,092.8 1,111.8 Liabilities 583.1 590.7 Total equity and liabilities 1,675.9 1,702.5 Total funds available to the

  9. Slide 9: Mayr-Melnhof Karton

    Mayr-Melnhof Karton

  10. Slide 10: MM Karton Overview 1st – 3rd Quarter 2014

    MM Karton Overview 1st – 3rd Quarter 2014 • Continuous short-term visibility • Capacity utilization 1-3Q 2014: 98% (1-3Q 2013: 99%) • Extended product mix (inclusion pulp mill MMK FollaCell) and optimized prices • Stability on raw materials markets, lower energy prices • Rise in sales and earnings 1

  11. Slide 11: MMK Results 1st – 3rd Quarter 2014

    MMK Results 1st – 3rd Quarter 2014 in millions of EUR, IFRS 1-3Q/2014 1-3Q/2013 +/- Sales 767.9 726.2 +5.7 % Operating profit 58.9 52.6 +12.0 % Operating margin (in %) 7.7 % 7.2 % Tonnage sold (in thousands of tons) 1,218 1,213 +0.4 % Tonnage produced (in thousands of tons) 1,213 1,212 +0.1 % Employ

  12. Slide 12: MMK – Quarterly Overview

    MMK – Quarterly Overview in millions of EUR, IFRS 1Q/2013 2Q/2013 3Q/2013 4Q/2013 1Q/2014 2Q/2014 3Q/2014 Sales 237.6 239.1 249.5 238.4 259.4 252.0 256.5 Operating profit 11.3 15.6 25.7 12.7 18.8 20.2 19.9 Operating margin (in %) 4.8 % 6.5 % 10.3 % 5.3 % 7.2 % 8.0 % 7.8 % Tonnage sold (in thous. of

  13. Slide 13: MM Karton FOODBOARD

    MM Karton FOODBOARDTM Cartonboard-Novelty for optimum protection of food Major investment at Austrian Frohnleiten board mill (~ EUR 50 million) Implementation focus in 4th quarter of 2014 13

  14. Slide 14: Mayr-Melnhof Packaging

    Mayr-Melnhof Packaging

  15. Slide 15: MMP Overview 1st – 3rd Quarter 2014

    MMP Overview 1st – 3rd Quarter 2014 • Lack of impulses from private consumption in Europe • Intensified competition • Gain in volume and market share • Further efficiency and productivity increases • Expansion in particular at plants in Poland, Romania, Turkey and Vietnam • Continuity in earnings 15

  16. Slide 16: MMP – 1st – 3rd Quarter 2014

    MMP – 1st – 3rd Quarter 2014 in millions of EUR, IFRS 1-3Q/2014 1-3Q/2013 +/- Sales 882.0 849.5 +3.8 % Operating profit 77.6 77.6 +0.0 % Operating margin (in %) 8.8 % 9.1 % Tonnage processed (in thous. of tons) 530 502 +5.6 % Sheet equivalent (in millions) 1,514.2 1,400.8 +8.1 % Employees 6,888 6,94

  17. Slide 17: MMP – Quarterly Overview

    MMP – Quarterly Overview in millions of EUR, IFRS 1Q/2013 2Q/2013 3Q/2013 4Q/2013 1Q/2014 2Q/2014 3Q/2014 Sales 285.6 271.9 292.0 289.2 290.4 282.6 309.0 Operating profit 27.1 23.5 27.0 22.5 27.4 22.3 27.9 Operating margin (in %) 9.5 % 8.6 % 9.2 % 7.8 % 9.4 % 7.9 % 9.0 % Tonnage processed (in thous.

  18. Slide 18: Outlook

    Outlook • Weakening European economy effects also packaging demand • If trend continues increased pressure on prices will arise • Focus on productivity and volume gain • Target – Keep up high level profitability • 4Q profit below 3Q due to rebuild-related downtime 18

  19. Slide 19: Appendix

    Appendix KARTON AG

  20. Slide 20: MM Group – Quarterly Overview

    MM Group – Quarterly Overview consolidated in millions of EUR, IFRS 1Q/2013 2Q/2013 3Q/2013 4Q/2013 1Q/2014 2Q/2014 3Q/2014 Sales 496.7 485.1 515.3 502.3 523.9 509.2 537.9 EBITDA 60.3 61.8 73.5 56.7 68.5 65.0 70.1 EBITDA margin (in %) 12.1 % 12.7 % 14.3 % 11.3 % 13.1 % 12.8 % 13.0 % Operating profit

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