Arctic Paper S.a. · GPW:ATC

Arctic Paper — H1 2016 Earnings Presentation

18 slides from Arctic Paper's earnings presentation, 2016

  1. Slide 1: Arctic Paper Group Results for 1H 2016

    Arctic Paper Group Results for 1H 2016 Per Skoglund, Acting CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper

  2. 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

  3. Slide 3: Agenda

    Arctic Paper Page 3 Agenda Market environment Operations Financial results Summary of 1H 2016

  4. Slide 4: Market environment

    Arctic Paper Page 4 Market environment

  5. Slide 5: Deliveries of fine paper

    Arctic Paper Page 5 Deliveries of fine paper Monthly deliveries of fine paper in Europe 1 200 Q2 2016 vs. Q2 2015 -6.6% 959  Uncoated woodfree down -6.2% 901 891 950 881 thousand metric tons  Coated woodfree down -7.1% 700  Arctic Paper volume up +0.3% 523 497 498 501 450 Q2 2016 vs. Q1 2016 -6

  6. Slide 6: Fine paper prices

    Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 Jun 2016 vs. Mar 2016  UWF segment average price change -1.5% 900 (Arctic Paper: -1.6%) EUR / ton 800  CWF segment average price change -3.1% (Arctic Paper: -0.3%) 700 Jun 2016 vs. Jun 2015  UWF segment average

  7. Slide 7: Pulp prices

    Arctic Paper Page 7 Pulp prices Pulp PIX Indexes Europe 1 100 700 Average price Q2 2016 compared to Q2 2015 931 932  NBSK (long fibre) 6.8% lower 906 922 926 600 871 880 900 861 853 839 USD / ton  BHKP (short fibre) 11.3% lower 803 789 806 500  Arctic Paper costs 3.8% lower (measured in PLN) 821

  8. Slide 8: Currency exposure

    Arctic Paper Page 8 Currency exposure EUR/PLN changes Average exch. rate Q2 2016 compared to Q1 2016 5,0 4,5  EUR/PLN +0.1% 4,0  EUR/SEK -0.5% 30/06 3,5 4.43  EUR/USD +2.4% 3,0 2012 2013 2014 2015 2016 Average exch. rate Q2 2016 compared to Q2 2015 EUR/SEK changes 12,0  EUR/PLN +6.9% 10,5  EU

  9. Slide 9: Operations

    Arctic Paper Page 9 Operations

  10. Slide 10: Production capacity and sales volume

    Arctic Paper Page 10 Production capacity and sales volume* Production and use of production capacity for all paper mills* Q2 2016 average use of production capacity: 93.8% 600 120%  6.2% lower than Q1 2016 Production in thousand tons 98% 99% 100% % of nominal capacity 98% 95% 96% 97% 95% 450 93% 9

  11. Slide 11: Paper sales revenue and revenue per ton

    Arctic Paper Page 11 Paper sales revenue and revenue per ton* Paper sales revenue* 800 568 579 590 541 522 555  Q2 2016 (PLN 540m) down 8.5% compared to Q1 600 540 535 524 542 525 540 540 507 504 498 498 Millions PLN 2016 400  Q2 2016 up 8.4% compared to Q2 2015 200 0 * AP Mochenwangen excluded fr

  12. Slide 12: Financial results

    Arctic Paper Page 12 Financial results

  13. Slide 13: Key consolidated figures

    Arctic Paper Page 13 Key consolidated figures Q2 Q1 Q2 1H 1H 1H 2016 total revenues up +2.8% (PLN thousands) 2016 2016 2015 2016 2015 compared to 1H 2015 Paper sales volume (000' tonnes) 160 172 159 332 340 (+4.9% paper segment, -1.6% pulp segment Pulp sales volume (000' tonnes) 91 95 94 186 185 rev

  14. Slide 14: Q2 2016 Operating result and EBITDA (excluding Rottneros)

    Arctic Paper Page 14 Q2 2016 Operating result and EBITDA (excluding Rottneros) Q2 Operating result bridge Operating result for the Q2 2016 9.3m PLN  -1.6m PLN lower than Q1 2016  +28.4m PLN higher than Q2 2015 Million PLN EBITDA evolution Q2 2016 EBITDA 29.4m PLN 56 39 29  -1.4m PLN lower than

  15. Slide 15: Q2 2016 Consolidated operating result and EBITDA (including Rottneros)

    Arctic Paper Page 15 Q2 2016 Consolidated operating result and EBITDA (including Rottneros) Q2 Operating result bridge Operating result for the Q2 2016 33.7m PLN  -7.7m PLN lower than Q1 2016 Million PLN  +21.8m PLN higher than Q2 2015 EBITDA evolution 64 Q2 2016 EBITDA 63.7m PLN 87 78 70 71 63

  16. Slide 16: Summary of 1H 2016

    Arctic Paper Page 16 Summary of 1H 2016

  17. Slide 17: 1H 2016 in brief

    Arctic Paper Page 17 1H 2016 in brief Market environment: Still favourable pulp prices market for paper segment, BHKP, short fibre - average 1H 2016 – 4.9% and NBSK, long fibre - average – 9.7% if compared to 1H 2015; Graphical paper prices in Europe end of June 2016 almost on the same level for UWF

  18. Slide 18: Thank you!

    Thank you! Per Skoglund, Acting CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper

Arctic Paper — H1 2016 Earnings Presentation on 6ix