Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q3 2016 Earnings Presentation
18 slides from Arctic Paper's earnings presentation, 2016
Slide 1: Arctic Paper Group Results for Q3 2016
Arctic Paper Group Results for Q3 2016 Per Skoglund, Acting CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO 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 Q3 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 Q3 2016 vs. Q3 2015 -8.0% 891 927 Uncoated woodfree down -9.3% 950 831 thousand metric tons 820 Coated woodfree down -6.5% 700 Arctic Paper volume up +2.2% 501 461 478 421 Q3 2016 vs. Q2 2016 -3.6%
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 September 2016 vs. June 2016 UWF segment average price change -1.3% 900 (Arctic Paper: -0.6%) EUR / ton 800 CWF segment average price change -1.2% (Arctic Paper: -1.9%) 700 September 2016 vs. September 2015
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices Pulp PIX Indexes Europe Average price Q3 2016 compared to Q3 2015 1 100 700 NBSK (long fibre): 4.1% lower 600 922 926 931 932 906 880 900 871 853 839 USD / ton BHKP (short fibre): 16.5% lower 500 803 806 810 789 797 810 400 Arctic Paper costs 10.2% lower (measu
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes Average exch. rate Q3 2016 compared to Q2 2016 5,0 4,5 EUR/PLN -0.7% 4,0 EUR/SEK +2.5% 30/09 3,5 4.31 EUR/USD -1.1% 3,0 2012 2013 2014 2015 2016 Average exch. rate Q3 2016 compared to Q3 2015 EUR/SEK changes 12,0 EUR/PLN +3.6% 10,5 EU
Slide 9: Operations
Arctic Paper Page 9 Operations
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* Q3 2016 average use of production capacity : 95.3% 600 120% Production in thousand tons 1.5% more than Q2 2016 98% 99% 100% 98% % of nominal capacity 95% 96% 97% 95% 95% 450 9
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton* Paper sales revenue* 800 568 579 590 569 541 522 555 542 525 569 Q3 2016 (PLN 569m) up 5.5% compared to Q2 2016 600 535 524 540 542 507 504 498 milion PLN Q3 2016 up 5.1% compared to Q3 2015 400 200 0 * AP Mochenwangen excluded from s
Slide 12: Financial results
Arctic Paper Page 12 Financial results
Slide 13: Key consolidated figures
Arctic Paper Page 13 Key consolidated figures Q3 Q2 Q3 YTDSEP YTDSEP YTD SEP 2016 total revenues up +3.2% (PLN thousands) 2016 2016 2015 2016 2015 compared to YTD 2015 Paper sales volume (000' tonnes) 171 160 167 503 507 (+4.9% paper segment, -1.8% pulp segment Pulp sales volume (000' tonnes) 96 93
Slide 14: Q3 2016 Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 14 Q3 2016 Operating result and EBITDA (excluding Rottneros) Q3 Operating result bridge Operating result for the Q3 2016 29.4m PLN +20.1m PLN higher than Q2 2016 +20.5m PLN higher than Q3 2015 Million PLN EBITDA evolution Q3 2016 EBITDA 49.1m PLN 56 49 39 49 +19.7m PLN high
Slide 15: Q3 2016 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 15 Q3 2016 Consolidated operating result and EBITDA (including Rottneros) Q3 Operating result bridge Operating result for the Q3 2016 48.0m PLN +14.3m PLN higher than Q2 2016 Million PLN +5.0m PLN higher than Q3 2015 EBITDA evolution 87 Q3 2016 EBITDA 76.8m PLN 78 77 70 71 77
Slide 16: Summary of Q3 2016
Arctic Paper Page 16 Summary of Q3 2016
Slide 17: Q3 2016 in brief
Arctic Paper Page 17 Q3 2016 in brief Market environment: Still favourable pulp prices market for paper segment, BHKP, short fibre - average Q3 2016 - 3.1% and NBSK, long fibre - average + 1.8% if compared to Q2 2016; Graphical paper prices in Europe end of SEP 2016 on slightly lower level -1.3% for
Slide 18: Thank you!
Thank you! Per Skoglund, Acting CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper