Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q2 2016 Earnings Presentation
12 slides from Billerud Ab's earnings presentation, Jul 20, 2016
Slide 1: Interim Report January-June 2016
INTERIM REPORT JANUARY-JUNE 2016 2016-07-20 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Stability and production platform investment
STABILITY AND PRODUCTION PLATFORM INVESTMENT Adjusted EBITDA reached SEK 884 million and EBITDA margin 16% Sales volumes increased with 4% compared to Q2 last year Production running according to plan towards the end of the quarter Investment decisions during the quarter to strengthen position withi
Slide 3: Improving volumes and sales
IMPROVING VOLUMES AND SALES 2% VOLUME GROWTH AND INCREASED SALES FOR COMPARABLE UNITS SALES NET SALES NET SALES* kton VOLUMES SEKm SEKm 1 800 +1%* vs. 1H15 +2% 12 000 12 000 vs. 1H15 1 500 11 123 10 000 10 796 10 000 10 647 10 746 1 369 1 390 1 200 8 000 8 000 +2%* +4% vs. 2Q15 900 vs. 2Q15 6 000 6
Slide 4: Improving profitability
IMPROVING PROFITABILITY YTD EBITDA MARGIN ON TARGET Adjusted EBITDA Adjusted EBITDA* SEKm SEKm 2 400 2 400 +3%* vs. 1H15 2 000 2 000 1 948 1 901 1 901 1 849 1 600 1 600 +4%* vs. 2Q15 1 200 1 200 800 897 884 800 854 884 400 400 0 0 Q2 15 Q2 16 Jan-Jun Jan-Jun Q2 15 Q2 16 Jan-Jun Jan-Jun 15 16 15 16 *
Slide 5: Meeting our financial targets
MEETING OUR FINANCIAL TARGETS STRONG OP. CASH FLOW, ROCE ABOVE TARGET, NET DEBT/EBITDA INCREASE DUE TO DIVIDEND PAYOUT OP. CASH FLOW ROCE NET DEBT/EBITDA SEKm % multiple 1 500 20 2,50 1 200 16 2,00 1,92 1 056 14 900 12 1,50 12 786 1,32 1,24 600 8 1,00 631 300 4 0,50 323 0 0 0,00 Q2 15 Q2 16 Jan-Jun
Slide 6: Strengthening BillerudKorsnäs position in MG kraft paper
STRENGTHENING BILLERUDKORSNÄS POSITION IN MG KRAFT PAPER Skärblacka production unit to become world leading center for MG kraft paper production Total CAPEX of SEK 1 280 million over three years CAPEX guidance for 2016: 1 300 + 120 SEKm Considerable improvement of production efficiency and margins w
Slide 7: Packaging Paper business area Q2 2016
PACKAGING PAPER BUSINESS AREA Q2 2016 Maintenance shutdowns and lower prices impact profitability Net sales SEK 2 085 million, -4% Q2-15 EBITDA SEK 266 million, -27% Q2-15 EBITDA margin 13% Markets Stable prices in local currencies, except for weaker brown sack paper market Seasonally improved order
Slide 8: Consumer Board business area Q2 2016
CONSUMER BOARD BUSINESS AREA Q2 2016 Improving production rates to provide volume growth in H2 Net sales SEK 2 028 million, -1% Q2-15 EBITDA SEK 479 million, -1% Q2-15 EBITDA margin 24% Markets Stable order situation and pricing in local currencies Sales volumes lower than previous year du to produc
Slide 9: Corrugated Solutions business area Q2 2016
CORRUGATED SOLUTIONS BUSINESS AREA Q2 2016 Continued strong performance despite temporarily lower fluting demand Net sales SEK 839 million, +16% Q2-15 EBITDA SEK 130 million, +38% Q2-15 EBITDA margin 15% Markets Stable pricing and order books for liner Temporarily lower seasonal demand and poor harv
Slide 10: Outlook
OUTLOOK Demand and order situation for the third quarter is expected to be stable with normal seasonal variances for all business areas. Average prices in local currency in the third quarter are in general anticipated to be stable with exceptions for some segments. No changes to wood prices are anti
Slide 11: Q&A
BILLERUDKORSNAS Q&A WE CHALLENGE CONVENTIONAL PACKAGING FORA SUSTAINABLE FUTURE 11
Slide 12: thy
thy BILLERUDKORSNAS