Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q1 2018 Earnings Presentation
19 slides from Arctic Paper's earnings presentation, 2018
Slide 1: Arctic Paper S.A. Q1 2018 – A future in paper
Per Skoglund – CEO Arctic Paper Göran Eklund – CFO Arctic Paper Arctic Paper S.A. Q1 2018 A future in paper
Slide 2: Disclaimer
Disclaimer Please read the information below carefully This presentation (the ‘Presentation’) was prepared by Arctic Paper S.A. (the The Company is not obliged to publish updates and amendments to the information, ‘Company’) for information purposes only for use by investors, banks and the Company’s
Slide 3: Content
Content 1. Summary of Q1 2018 2. Market environment 3. Operations and financial results Q1 2018 presentation arcticpaper.com
Slide 4: Summary of Q1 2018
Summary of Q1 2018 Q1 2018 presentation arcticpaper.com
Slide 5: Q1 2018 in brief
Q1 2018 in brief Arctic Paper Group • Good results for the speciality papers. • Stable production at Munkedal and Kostrzyn mill. • Start up problems after investments at PM10 Grycksbo results in production decreases in Q1. • Decision to invest in hydro power in Arctic Paper Munkedals. • EBITDA devel
Slide 6: Financial Summary Q1: Satisfactory results in a difficult market
Financial Summary Q1: Satisfactory results in a difficult market Arctic Paper Group Q1 2018 vs. Q1 2017 PLN PLN PLN PLN 789,7 m 47,2 m 1,8 m - 13.2% +2.0% -3.9% -91.8% N et sales EB IT Op erat in g C ash F lo w R OC E Q1 2018 presentation arcticpaper.com arcticpaper.com
Slide 7: Market Environment
Market Environment Q1 2018 presentation arcticpaper.com
Slide 8: Fine paper prices partially compensate
Fine paper prices partially compensate Graphic fine paper prices – German market MARCH 2018 compared to DEC 2017 1000 • UWF segment average price change +2.8% 900 • CWF segment average price change +2.2% 800 700 600 UWF 80g Sheets UWF 80g Reels CWF 90g Sheets CWF 90g Reels Source: Arctic Paper based
Slide 9: Continued increase in pulp prices
Continued increase in pulp prices Pulp PIX Indexes Europe Average price Q1 2018 compared to Q1 2017 1 092 900 1 100 800 1 000 700 • NBSK (long fibre): 29.4% higher 880 890 906 979 1 030 600 900 853 839 810 809 826 803 789 806 890 500 • BHKP (short fibre): 48.3% higher 797 810 789 832 400 700 759 737
Slide 10: Currency exchange rates
Currency exchange rates EUR/PLN changes Average exchange rate Q1 2018 compared to Q4 2017 4,6 4,5 4,4 • EUR/PLN -1.3% 4,3 4,2 31/03 • EUR/SEK +1.9% 4,1 2015 2016 2017 4.21 • EUR/USD +4.4% EUR/SEK changes 10,3 10,0 Average exchange rate Q1 2018 compared to Q1 2017 9,8 9,5 • EUR/PLN -3.3% 9,3 31/03 10
Slide 11: Operations and financial results
Operations and financial results Q1 2018 - presentation arcticpaper.com
Slide 12: Stable output from production
Stable output from production Production and use of production capacity for all paper mills* 600 120% Average Q1 2018 use of budget production 450 99% 89% 93% 95% 98% 94% 95% 95% 98% 98% 98% 98% 99% 100% capacity: 99% 300 80% 174 169 166 169 167 161 167 162 164 165 166 151 158 • 1.0% higher than in
Slide 13: Paper sales revenue and revenue per tonne
Paper sales revenue and revenue per tonne Paper sales revenue* 800 579 590 575 574 Total Q1 2018 (PLN 574m) down 0.2% 600 535 524 498 542 525 540 569 520 513 542 543 575 574 compared to Q1 2017 400 200 0 * AP Mochenwangen excluded from sales revenue Paper sales revenue per tonne* Average Q1 2018 (PL
Slide 14: Key consolidated figures
Key consolidated figures • Q1 2018 total revenues up +2.0% compared to Q1 2017 (-0.2% paper segment, +8.7% pulp segment revenue) • Q1 2018 EBITDA down by PLN 4,3m compared to Q1 2017 (31,1m PLN paper segment: - 8,0m PLN; 40,0m PLN pulp segment: +3,7m PLN) • Q1 2018 Net result from continuing operati
Slide 15: Q1 2018 EBIT Arctic Paper (excluding Rottneros)
Q1 2018 EBIT Arctic Paper (excluding Rottneros) Q1 operating result Bridge Q1 2018 operating result 14m PLN • +32,3m PLN more than Q4 2017 • -4,4m PLN less than Q1 2017 EBIT evolution 29 17 1… 19 19 14 11 14 9 7 -18 Q1 2018 - presentation arcticpaper.com
Slide 16: Q1 2018 EBIT Arctic Paper Group – total
Q1 2018 EBIT Arctic Paper Group – total Q1 EBIT Bridge Q1 2018 EBIT 47m PLN • +68.2m PLN more than Q4 2017 • -1.9m PLN less than Q1 2017 EBIT evolution 48 49 47 49 43 47 41 38 34 2 -21 Q1 2018 - presentation arcticpaper.com
Slide 17: Summing-up
Summing-up Q1 2018 presentation arcticpaper.com
Slide 18: Summing-up Q1 2018
Summing-up Q1 2018 Arctic Paper Group • Good results for the speciality papers at Munkedal and Kostrzyn mills. • Stable production at Munkedal and Kostrzyn mill. • Decision to invest in hydro power in Arctic Paper Munkedals. • Start up problems after investments at PM10 Grycksbo results in productio
Slide 19: Przekształcenie pomysłów w doświadczenia.
Arctic Paper Vision: Przekształcenie pomysłów w doświadczenia. 2017 – Full year presentation arcticpaper.com