Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q4 2013 Earnings Presentation
12 slides from Billerud Ab's earnings presentation, Feb 18, 2014
Slide 1: Year-End Report 2013
YEAR-END REPORT 2013 2014-02-18 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Strong Underlying Result
ai BILLERUDKORSNAS STRONG UNDERLYING RESULT
Slide 3: Key Highlights Q4 2013 Interim Report
KEY HIGHLIGHTS Q4 2013 INTERIM REPORT Q4 vs. Q3 2013 Stable level compared to last Q 4715 4713 Net sales, SEKm +/-0% Q3 / 13 Q4 / 13 Higher fixed costs 331 Adj. operating profit, SEKm 226 -32% Q3 / 13 Q4 / 13 3
Slide 4: Key Highlights Q4 2013 Interim Report
KEY HIGHLIGHTS Q4 2013 INTERIM REPORT Year on Year Negative working capital impact 655 Operating cash flow, SEKm 40 2012 2013 Actual margin 2013 lower than proforma 2012 8 Return on capital employed, % -2 p.p. 6 (Target 13%) 2012 2013 Down payment of debt 0,86 Net debt/equity, multiple 0,78 (Target
Slide 5: Strong SEK Still Challenging
STRONG SEK STILL CHALLENGING 100% OF FORECASTED NET FLOWS IN EUR HEDGED FOR 2014 120 115 110 TCW index* 105 100 95 90 2004 Q4 -05 Q4 -06 Q4 -07 Q4 -08 Q4 -09 Q4 -10 Q4 -11 Q4 -12 Q4 -13 Source: Riksbanken *Total Competitiveness Weights Index 5
Slide 6: Business Area Packaging Paper
BUSINESS AREA PACKAGING PAPER Normal market situation for most products, lower than normal for white sack paper. Stable prices Net sales MSEK 1 758 Operating profit MSEK 91 Operating margin 5% Maintenance stop in Skärblacka and Pietarsaari during the quarter Key take-away Improvement at the end of t
Slide 7: Business Area Consumer Board
BUSINESS AREA CONSUMER BOARD Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 1 659 Operating profit MSEK 29 Operating margin 2% Maintenance shutdown in Gävle and +70 MSEK in one-off costs during the quarter Key take-away Q4 earnings negatively impacted by maint
Slide 8: Business Area Containerboard
BUSINESS AREA CONTAINERBOARD Stable market situation Net sales MSEK 763 Operating profit MSEK 98 Operating margin 13% Minor maintenance stop in Gruvön during the quarter Key take-away Average selling prices in local currency improved during the quarter due to customer mix improvement 8
Slide 9: On Track to Reach Synergy Targets
ON TRACK TO REACH SYNERGY TARGETS AHEAD OF PLAN ANNUAL PACE OF MSEK ~370 AS PER END OF Q4 2013 600 Target 500 400 MSEK 300 200 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 Quarterly synergies* Annual pace *Synergies and savings realised in the quarter, compared to if the synergy and savings programme had
Slide 10: Outlook
OUTLOOK The start of 2014 has been good and capacity utilisation is expected to improve for business area Packaging Paper during the first quarter compared to previous quarter Market situation for Q1 Stable for all three business areas Remaining quarters of 2014 Packaging Paper and Containerboard ar
Slide 11: Q&A
BILLERUDKORSNAS Q&A
Slide 12: athy
athy BILLERUDKORSNAS