Svenska Cellulosa Ab Sca Class A · OMXSTO:SCA_A
Svenska Cellulosa Ab Sca Class A — Svenska Cellulosa Aktiebolaget SCA — FY2008 Earnings Presentation
15 slides from Svenska Cellulosa Ab Sca Class A's earnings presentation, 2009
Slide 1: Year-end report 2008
Year-end report 2008 Jan Johansson, President and CEO
Slide 2: FY 2008 Summary
FY 2008 Summary Group Sales growth of 4% Hygiene sales growth in emerging markets of 16% EBIT decline of 13%* Improved price/mix and higher volumes did not compensate for increased raw material and energy cost (SEK 3.5bn) Business areas Strong sales and profit growth in Tissue Strong sal
Slide 3: FY 2008 results
FY 2008 results SEK millions FY FY unless otherwise stated 2008 2007 Change, % Net sales 110,449 105,913 4 EBIT 8,554 9,847 * -13 * EBIT margin (%) 7.7 9.3 * Profit before tax 6,237 7,937 * -21 * Earnings per share (SEK) 7.94 9.80 ** -19 ** Operating cash flow 7,813 8,127 -4 Debt/Equity ratio 0.70 0
Slide 4: Q4 2008 Market update
Q4 2008 Market update Hygiene business Stable demand in mature markets Continued good growth in emerging markets Packaging and Forest Products Weak demand for Packaging and solid-wood products Price increases for publication papers 4
Slide 5: Q4 2008 results
Q4 2008 results SEK millions Q4 Q4 unless otherwise stated 2008 2007 Change, % Net sales 28,159 27,808 1 EBIT 1,838 2,591* -29* EBIT margin (%) 6.5 9.3* Profit before tax 1,150 2,042* -44* Earnings per share (SEK) 2.02 2.67** -24** Operating cash flow 2,686 2,239 20 * Adjusted for items affecting co
Slide 6: Personal Care
Personal Care Q4 2008 6,289 5,706 Sales increased by 10% 10% Incontinence care, 11% sales growth • Healthcare sales increased 12% Baby diapers, 11% sales growth • Double digit growth in emerging markets Feminine care, 7% sales growth • Positive price and volume development SALES SEKm Q4 2007
Slide 7: Tissue
Tissue Q4 2008 9,343 10,256 Sales increased by 10% 10% Consumer tissue, 10% sales growth • Higher prices and volumes AFH tissue, 9% sales growth • Lower volumes • Price increases in all regions SALES SEKm Q4 2007 Q4 2008 Sales growth in emerging markets 23% 619 508 22% EBIT increased by 22
Slide 8: Packaging
Packaging Q4 2008 Sales decreased 2%* 7,899* 7,746 Lower volumes and prices -2%* EBIT decreased by 84% Lower volumes Higher raw material, energy and SALES SEKm Q4 2007 Q4 2008 transportation costs Production downtime 92,000 tonnes 692 109 -84% EBIT SEKm Q4 2007 Q4 2008 EBIT margin 8.1% 1
Slide 9: Forest Products
Forest Products Q4 2008 Sales decrease of 6%* 4,512* 4,225 Publication papers, increased sales • Higher prices and volumes -6%* Solid-wood products, lower sales • Lower prices SALES SEKm Q4 2007 Q4 2008 EBIT decreased by 25% Solid-wood products, decreased EBIT • Lower prices 691 • Producti
Slide 10: Solid financing structure
Solid financing structure As of 31 December 2008 Commercial papers SEK 10.2bn Unutilized long-term committed credit facilities of SEK 20.7bn Cash and cash equivalents of SEK 5.7bn 10
Slide 11: Net debt
Net debt As of 31 December 2008 Net debt of SEK 47.0bn (37.4) Increase related to: Net cash flow SEK -3.0bn Remeasurement of pension assets and liabilities and financial instruments to fair value SEK -3.5bn Exchange rate movements caused by the weaker Swedish krona SEK -3.1bn 11
Slide 12: Dividend proposal
Dividend proposal Proposed dividend for 2008 of SEK 3.50 (4.40) Big uncertainty in the general economic environment and the financial systems combined with lower earnings 12
Slide 13: Outlook 2009
Outlook 2009 Outlook 2009 Hygiene businesses Continued positive development Positive Still good demand despite downturn in economy Good growth in emerging markets Packaging Earnings will decrease if the negative Negative demand continues Forest Products Stable development during 2009
Slide 14: Q&A
Q&A 14
Slide 15: essentials for everyday life
essentials for everyday life™
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