Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q3 2014 Earnings Presentation
11 slides from Billerud Ab's earnings presentation, Oct 28, 2014
Slide 1: Interim Report January-September 2014
INTERIM REPORT JANUARY-SEPTEMBER 2014 2014-10-28 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Continued evidence of strength in Q3
CONTINUED EVIDENCE OF STRENGTH IN Q3 Packaging Paper Normal market situation for sack and kraft paper − Solid demand absorbed increased market capacity − Price increases implemented on sack paper Consumer Board As expected a solid market situation with stable prices for liquid packaging board − Pric
Slide 3: We deliver as promised: net sales growth 5%, adjusted operating profit +40%
WE DELIVER AS PROMISED NET SALES GROWTH 5%, ADJUSTED OPERATING PROFIT +40% YOY Net sales, SEKm Adj. op. profit, SEKm 18 000 5% 1 800 16 000 15 729 1 600 14 934 40% 1 540 14 000 1 400 12 000 1 200 10 000 1 000 1 099 8 000 800 1% 54% 9% 6 000 600 11% 4 000 4 748 5 191 400 518 5 128 467 337 2 000 200 0
Slide 4: Excellent cash flow, improved ROCE and strengthened balance sheet
WE DELIVER AS PROMISED EXCELLENT CASH FLOW, IMPROVED ROCE AND STRENGTHENED BALANCE SHEET Op. cash flow, SEKm ROCE, % Net debt/equity 10 0,90 1 200 1 312 9 0,87 8 0,79 0,73 900 0,60 6 6 600 4 494 0,30 300 381 2 0 0 0 0,00 Jan-Sep 13 Jan-Sep 14 4 All 2013 comparable numbers include Bomhus Energi AB.
Slide 5: Business Area Packaging Paper Q3 2014
BUSINESS AREA PACKAGING PAPER Q3 2014 Normal market situation for sack and kraft paper Solid demand absorbed increased market capacity Net sales MSEK 2 058, +2% Q2-14 Operating profit MSEK 158 Operating margin 8% Key take-away The order situation for sack and kraft paper was normal Prices in local c
Slide 6: Business Area Consumer Board Q3 2014
BUSINESS AREA CONSUMER BOARD Q3 2014 Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 1 897, +4% Q2-14 Operating profit MSEK 243 Operating margin 13% Key take-away Stable demand and continued global growth Price increases on cartonboard Volume growth strategic a
Slide 7: Business Area Containerboard Q3 2014
BUSINESS AREA CONTAINERBOARD Q3 2014 Stable order book except for order intake on white liner Net sales MSEK 773, +1% Q2-14 Operating profit MSEK 120 Operating margin 16% Key take-away Stable order intake except for white liner, which was weaker due to increased market competition Prices in local cu
Slide 8: Synergy targets reached way ahead of plan, MSEK 530
SYNERGY TARGETS REACHED WAY AHEAD OF PLAN, MSEK 530 SYNERGY PROGRAM WILL BE CLOSED *Synergies and savings realised in the quarter, compared to if the synergy and savings programme had not been initiated. 8
Slide 9: Outlook
OUTLOOK Demand and order situation is expected to decline temporarily for business areas Consumer Board and Packaging Paper in the fourth quarter. The decline is due to seasonal variations. Business area Containerboard is expected to stay on the same level as in the third quarter. In addition, Decem
Slide 10: Q&A
BILLERUDKORSNAS Q&A
Slide 11: pil eo
pil eo BILLERUDKORSNAS