Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q4 2016 Earnings Presentation
18 slides from Arctic Paper's earnings presentation, 2017
Slide 1: Arctic Paper Group Results for Q4 2016
Arctic Paper Group Results for Q4 2016 Per Skoglund, CEO Arctic Paper Małgorzata Majewska, CFO Arctic Paper Wolfgang Lübbert, Board Member Arctic Paper
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 2016
Slide 4: Market environment
Arctic Paper Page 4 Market environment
Slide 5: Deliveries of fine paper
Arctic Paper Page 5 Deliveries of fine paper Monthly deliveries of fine paper in Europe 1 200 Q4 2016 vs. Q4 2015 -6,1% 927 964 Uncoated woodfree down -3,7% 917 950 812 thousand metric tons Coated woodfree down -8,8% 700 Arctic Paper volume up +0,6% 507 478 478 444 2016 vs. 2015 -6,1% 450 45
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 December 2016 vs. September 2016 UWF segment average price change -0,7% 900 (Arctic Paper: -0,8%, measured in PLN) EUR / ton 800 CWF segment average price change -0,7% (Arctic Paper: +0.8%, measured in PLN) 700
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices Pulp PIX Indexes Europe Average price Q4 2016 compared to Q4 2015 1 100 700 NBSK (long fibre): 1,2% lower 906 922 926 931 932 600 880 900 853 USD / ton BHKP (short fibre): 18,3% lower 839 500 803 806 810 809 789 810 Arctic Paper costs 14,0% lower (measured in P
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes Average exch. rate Q4 2016 compared to Q3 2016 4,8 4,6 EUR/PLN +0,9% 4,3 EUR/SEK +2,5% 31/12 4,1 4.42 EUR/USD -3,3% 3,8 2013 2014 2015 2016 Average exch. rate Q4 2016 compared to Q4 2015 EUR/SEK changes 10,3 EUR/PLN +2,7% 9,8 EUR/SEK
Slide 9: Operations
Arctic Paper Page 9 Operations
Slide 10: Budget production capacity and sales volume
Arctic Paper Page 10 Budget production capacity and sales volume* Production and use of production capacity for all paper mills* Average 2016 use of budget production capacity : 600 120% 96% Production in thousand tons 98% 99% 100% 98% 97% % of nominal capacity 450 95% 96% 93% 95% 94% 95% 95% 100%
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton* Paper sales revenue* 800 579 590 569 600 541 522 555 535 524 542 525 540 Total 2016 (PLN 2 219m) up 3,5% compared to 2015 507 504 498 520 525 520 milion PLN 400 200 0 * AP Mochenwangen excluded from sales revenue Paper sales revenue per
Slide 12: Financial results
Arctic Paper Page 12 Financial results
Slide 13: Key consolidated figures
Arctic Paper Page 13 Key consolidated figures YTD DEC 2016 total revenues up +2,3% Q4 Q3 Q4 YTD Q4 YTD Q4 (PLN thousands) 2016 2016 2015 2016 2015 compared to YTD 2015 (+3,5% paper segment, -1,2% pulp segment Paper sales volume (000' tonnes) 158 171 157 661 664 revenue). Pulp sales volume (000' tonn
Slide 14: Q4 2016 Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 14 Q4 2016 Operating result and EBITDA (excluding Rottneros) Q4 Operating result bridge Operating result for the Q4 2016 17,3m PLN -12,0m PLN less than Q3 2016 +21,1m PLN higher than Q4 2015 Million PLN EBITDA evolution Q4 2016 EBITDA 38,8m PLN 49 -10,3m PLN less than Q3 20
Slide 15: Q4 2016 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 15 Q4 2016 Consolidated operating result and EBITDA (including Rottneros) Q4 Operating result bridge Operating result for the Q4 2016 1,9m PLN -46mPLN less than Q3 2016 Million PLN +7,5m PLN higher than Q4 2015 EBITDA evolution Q4 2016 EBITDA 38,4m PLN 78 77 71 -38,5m PLN l
Slide 16: Summary of 2016
Arctic Paper Page 16 Summary of 2016
Slide 17: 2016 in brief
Arctic Paper Page 17 2016 in brief Market environment: Favourable pulp prices market for paper segment, BHKP, short fibre average 2016 -11,3% and NBSK, long fibre average - 6,3% if compared to average 2015; Graphical paper prices in Europe end of DEC 2016 on lower level -1,6% for UWF and -3,0% for C
Slide 18: Thank you!
Thank you! Per Skoglund, CEO Arctic Paper Małgorzata Majewska, CFO Arctic Paper Wolfgang Lübbert, Board Member Arctic Paper