Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q1 2017 Earnings Presentation
18 slides from Arctic Paper's earnings presentation, 2017
Slide 1: Arctic Paper Group Results for Q1 2017
Arctic Paper Group Results for Q1 2017 Per Skoglund, CEO Arctic Paper Małgorzata Majewska, 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 Q1 2017
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 Q1 2017 vs. Q1 2016 -1,7% 978 943 Uncoated woodfree up +0,2% 950 812 880 thousand metric tons Coated woodfree down -3,8% 700 Arctic Paper volume up +1,8% 534 485 536 444 Q1 2017 vs. Q4 2016 +4,0% 45
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 Mar 2017 vs. Dec 2016 UWF segment average price change +1,6% 900 (Arctic Paper: +1,9%, measured in PLN) EUR / ton 800 CWF segment average price change +0,8% (Arctic Paper: -1,0%, measured in PLN) 700 Mar 2017
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices Pulp PIX Indexes Europe Average price Q1 2017 compared to Q1 2016 1 100 700 NBSK (long fibre): 3,2% higher 922 926 931 932 600 880 900 853 USD / ton BHKP (short fibre): 10,8% lower 839 826 500 803 806 810 809 789 810 Arctic Paper costs 12,6% lower (measured in
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes Average exch. rate Q1 2017 compared to Q4 2016 4,8 4,6 EUR/PLN -1,3% 4,3 EUR/SEK -2,5% 4,1 31/03 4.22 EUR/USD -1,3% 3,8 2013 2014 2015 2016 2017 Average exch. rate Q1 2017 compared to Q1 2016 EUR/SEK changes 10,3 EUR/PLN -1,0% 9,8 EUR
Slide 9: Operations
Arctic Paper Page 9 Operations
Slide 10: Budget production capacity and sales volume
Arctic Paper Page 10 Budget production capacity and sales volume* Production and use of production capacity for all paper mills* Average Q1 2017 use of budget production capacity : 600 120% 98% Production in thousand tons 98% 99% 100% 98% 97% % of nominal capacity 450 95% 96% 93% 95% 94% 95% 95% 10
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton* Paper sales revenue* 800 579 590 569 575 590 575 600 541 522 555 535 524 542 525 540 Q1 2017 (PLN 575m) down 2,5% compared to Q1 504 498 520 milion PLN 2016 400 Q1 2017 up 10,5% compared to Q4 2016 200 0 * AP Mochenwangen excluded fro
Slide 12: Financial results
Arctic Paper Page 12 Financial results
Slide 13: Key consolidated figures
Arctic Paper Page 13 Key consolidated figures Q1 2017 total revenues down -0,6% Q1 Q4 Q1 (PLN thousands) 2017 2016 2016 compared to Q1 2016 (-2,5% paper segment, +5,4% pulp segment Paper sales volume (000' tonnes) 176 158 172 revenue) Pulp sales volume (000' tonnes) 101 69 93 Revenues 773 902 707 16
Slide 14: Q1 2017 Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 14 Q1 2017 Operating result and EBITDA (excluding Rottneros) Q1 Operating result bridge Operating result for the Q1 2017 18,8m PLN +1,4m PLN higher than Q4 2016 +7,9m PLN higher than Q1 2016 Million PLN EBITDA evolution Q1 2017 EBITDA 39,0m PLN +0,2m PLN higher than Q4 2016
Slide 15: Q1 2017 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 15 Q1 2017 Consolidated operating result and EBITDA (including Rottneros) Q1 Operating result bridge Operating result for the Q1 2017 44,1m PLN +42,2mPLN higher than Q4 2016 Million PLN +2,7m PLN higher than Q1 2016 EBITDA evolution Q1 2017 EBITDA 75,5m PLN +37,1m PLN highe
Slide 16: Summary of Q1 2017
Arctic Paper Page 16 Summary of Q1 2017
Slide 17: Q1 2017 in brief
Arctic Paper Page 17 Q1 2017 in brief Market environment: Still favourable pulp prices market in Q1 for paper segment, BHKP, short fibre average Q1 2017 -10,8% and NBSK, long fibre average Q1 2017 + 3,2% if compared to Q1 2016, but in the end of Q1 2017 growth trends were observed and market showes
Slide 18: Thank you!
Thank you! Per Skoglund, CEO Arctic Paper Małgorzata Majewska, CFO Arctic Paper