Slide 1: Interim Report January-June 2015
INTERIM REPORT JANUARY-JUNE 2015 2015-07-20 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Strong result impacted by extra costs from upgrade
STRONG RESULT IMPACTED BY EXTRA COSTS FROM UPGRADE Operating profit reached SEK 542 million and operating margin 10% Quarter negatively impacted by the planned maintenance shutdown in Gruvön, however upgrade is a success and the quality improvements are above expectations Packaging Paper Normal mark
Slide 3: We deliver as promised: net sales growth 6% YoY, operating profit +25%
WE DELIVER AS PROMISED NET SALES GROWTH 6% YOY, OPERATING PROFIT +25% YOY SEKm NET SALES SEKm OP. PROFIT 12 000 1 400 6% 11 123 1 200 25% 10 000 10 538 1 240 1 000 8 000 991 800 7% 6 000 20% 600 5 128 5 489 4 000 542 400 450 2 000 200 0 0 Q2 14 Q2 15 Jan-Jun Jan-Jun Q2 14 Q2 15 Jan-Jun Jan-Jun 14 15
Slide 4: We deliver as promised: strong cash flow, improved ROCE
WE DELIVER AS PROMISED STRONG CASH FLOW, IMPROVED ROCE AND ND/E IMPACTED BY DIVIDEND NET ROCE DEBT/EQUITY SEKm OP. CASH FLOW % 0,90 1 200 12 12 0.79 1 056 900 9 0,60 0.67 0.62 818 8 600 6 0,30 433 300 3 323 0 0 0,00 Jan-Jun Jan-Jun Q2 14 2014 Q2 15 14 15 4
Slide 5: Packaging Paper business area Q2 2015
PACKAGING PAPER BUSINESS AREA Q2 2015 Stable demand for sack and kraft paper Net sales SEK 2 176 million, +8% Q2-14 Operating profit SEK 245 million, +45% Q2-14 Operating margin 11% Key take-away The order situation for brown sack paper was solid, weaker for MF kraft paper due to increased competiti
Slide 6: Consumer Board business area Q2 2015
CONSUMER BOARD BUSINESS AREA Q2 2015 Stable and satisfactory market situation with normal seasonal variances Net sales SEK 2 044 million, +12% Q2-14 Operating profit SEK 310 million, +23% Q2-14 Operating margin 15% Key take-away Stable demand and continued global growth Volume growth 6% Volume growt
Slide 7: Containerboard business area Q2 2015
CONTAINERBOARD BUSINESS AREA Q2 2015 Order books remained stable during the quarter Net sales SEK 722 million, -6% Q2-14 Operating profit SEK 51 million, -14% Q2-14 Operating margin 7% Key take-away Market position and order intake for fluting remained on a high level. Prices and order book for line
Slide 8: Divestiture of SIA Latgran
DIVESTITURE OF SIA LATGRAN SALE COMPLETED 1 JULY 2015 Capital gain of SEK 400 million will impact operating profit in Q3 Effects on Other units from Q3 Net sales down ~SEK 200 million per quarter Operating profit down ~SEK 30 million per quarter Net debt / equity ratio down with 0.1 after divestitur
Slide 9: Outlook
OUTLOOK Demand and orders 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 anticipated to be stable as effects from previously announced price increases for fluting are starting t
Slide 10: Capital Markets Day on 12 November 2015
CAPITAL MARKETS DAY ON 12 NOVEMBER 2015 Capital Markets Day in Stockholm on 12 November 2015. More info will be published on www.billerudkorsnas.com 10
Slide 11: Q&A
e eee) BILLERUDKORSNAS Q&A WE CHALLENGE CONVENTIONAL PACKAGING FORA SUSTAINABLE FUTURE LEG SPILL LL enlaintatinits . LR, Sel ette ee yy Nag Ween rar, yy Mea x S 11
Slide 12: pil eo
pil eo BILLERUDKORSNAS