Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q3 2012 Earnings Presentation
19 slides from Arctic Paper's earnings presentation, Nov 5, 2012
Slide 1: Arctic Paper results for the third quarter of 2012
Arctic Paper results for the third quarter of 2012 Michał Jarczyński, CEO Michał Bartkowiak, CFO Warsaw, November 5 2012
Slide 2: Disclaimer
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 circumstances may it be treate
Slide 3: Agenda
Agenda • Market environment • Operating and financial results • Summary of the third quarter of 2012 Page 3 Arctic Paper S.A.
Slide 4: Market environment
Market environment
Slide 5: Deliveries of fine paper in Europe
Market environment Deliveries of fine paper in Europe Deliveries of paper in Europe ('000 metric tonnes) Q3 2012 vs Q2 2012 4 000 -5,6 3 408 3 127 2 952 3 250 3 500 3 226 3 192 3 148 3 083 3 128 3 068 2 952 1 469 1 435 3 000 1 658 1 516 2 500 Q2 2012 Q3 2012 2 000 1 788 1 654 1 636 1 700 1 699 1 658
Slide 6: Fine paper prices
Market environment Fine paper prices As at the end of Q3 2012 prices of fine paper in 950 Graphic paper prices in EUR - German market Europe experienced a decrease compared to the prices at the end of 2011. The average prices 900 decrease was 1.5% for UWF and 2.5% for CWF. 850 As at the end of S
Slide 7: Pulp prices
Market environment Pulp prices Pulp prices (USD/tonne) As at the end of Q3 2012 pulp prices were at USD 762.2 per tonne for NBSK and USD 751.5 per tonne for BHKP. The average price for NBSK in Q3 2012 was 20.6% lower than in the corresponding period of 2011, while BHKP was down by 7.1%. In Q3 2012
Slide 8: Pulp prices in PLN and SEK
Market environment Pulp prices in PLN and SEK NBSK prices (USD and PLN/tonne) BHKP (USD and PLN/tonne) NBSK prices (USD and SEK/tonne) BHKP prices (USD and SEK/tonne) Page 8 Arctic Paper S.A.
Slide 9: Pulp prices in PLN and SEK
Market environment Pulp prices in PLN and SEK Q3 2012 vs. Q2 2012 In 3Q 2012 the average prices of NBSK and BHKP expressed in PLN USD EUR PLN SEK decreased alike PIX expressed in USD. Pulp prices expressed in SEK decreased slightly faster while prices expressed in EUR slightly NBSK -6,9 -4,3
Slide 10: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR and USD vs. PLN EUR/PLN 5,00 (2,8) (0,3) EUR/PLN 4,70 USD/PLN 4,47 4,42 4,26 4,14 4,15 4,14 4,50 4,41 4,26 4,22 4,11 4,15 4,16 4,11 4,01 3,99 3,96 4,00 3,86 3,99 3,54 3,42 3,39 3,39 3,50 3,17 3,26 Average Average Average Average 3,12 Q2
Slide 11: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR and USD vs SEK EUR/SEK 12,00 EUR/SEK 10,98 10,85 USD/SEK (5,3) (7,7) 11,00 10,22 10,27 9,15 8,91 8,45 8,45 10,00 9,71 9,51 9,15 8,97 8,93 9,26 8,92 8,84 8,78 9,00 8,27 8,43 9,17 7,70 7,79 8,00 7,13 7,22 6,99 6,98 Average Average Average
Slide 12: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR vs. USD Changes in exchange rate PLN vs. SEK 1,60 2,80 EUR/USD PLN/SEK 2,70 1,50 1,46 1,45 2,60 1,44 2,51 1,42 1,41 2,50 1,36 2,50 1,40 1,33 1,34 1,34 1,33 2,40 1,35 1,29 2,43 2,42 2,30 1,30 1,26 2,30 2,23 1,29 2,34 2,29 2,30 2,20 2,27 2
Slide 13: Operating and financial results
Operating and financial results
Slide 14: Use of production capacity and sales volume
Operating and financial results Use of production capacity and sales volume Use of production capacity for all mills 120% In Q3 2012 use of production capacity for all Group mills was 97% and 1.3 p.p. lower than in Q2 2012 and 1.9% 110% higher than corresponding period of 2011. The average 100% 98
Slide 15: Sales revenue
Operating and financial results Sales revenue Total sales revenue (PLN ‘000) AP Group sales revenue in Q3 2012 was PLN 673 +4,9% million, representing an increase of 4.9% compared to +6,4% 800 Q3 2011 and of 6.4% compared to Q2 2012. 674 680 673 673 635 641 632 641 577 YTD sales revenue after ni
Slide 16: Main items on profit and loss statement
Operating and financial results Main items on profit and loss statement Q3 2012 vs. Q3 2012 vs. YTD Q3'2012 vs. Q3 Q2 Q3 Q2 2012 Q3 2011 YTD Q3 YTD Q3 YTD Q3'2011 PLN'000 2012 2012 2011 Change % Change % 2012 2011 Change % Revenues 672 820 632 354 641 415 6,4% 4,9% 1 985 595 1 853 534 7,1% Gross pro
Slide 17: Summary of the third quarter of 2012
Summary of the third quarter of 2012
Slide 18: Summary of the third quarter of 2012
Summary of the third quarter of 2012 Arctic Paper Group Stable level of orders and increase of sales volume and sales revenue. Quarterly record sales volume. High level of production capacity use. Stable financial results in the third quarter of 2012, similar to the corresponding period of the
Slide 19: Thank you for your attention
Thank you for your attention Michał Jarczyński, CEO ARCTIC PAPER GROUP Michał Bartkowiak, CFO ARCTIC PAPER GROUP Arctic Paper S.A. | Jana Henryka Dabrowskiego 334A | PL-60406 | Poznan | Poland © 2012 Arctic Paper S.A. | All rights reserved