Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q1 2013 Earnings Presentation
11 slides from Billerud Ab's earnings presentation, Apr 23, 2013
Slide 1: Interim Report January-March 2013
INTERIM REPORT JANUARY-MARCH 2013 2013-04-23 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Integration progressing better than planned
INTEGRATION PROGRESSING BETTER THAN PLANNED 2
Slide 3: Synergies and savings above plan
SYNERGIES AND SAVINGS ABOVE PLAN ANOTHER MSEK 200 IDENTIFIED UNTIL END OF 2015 600 Achieved synergies, MSEK 500 400 300 200 100 0 2013 2014 2015 3
Slide 4: Key financials
KEY FINANCIALS Q1 2013 vs. Q4 2012 Net sales, SEKm 5 132 +12%* Adjusted operating profit, SEKm 432 +108%* Return on capital employed, % 7% -1 p.p. Operating cash flow, SEKm 309 n.m. Net debt/equity, multiple 0.80 -0.06 *Compared to combined figures for Q4 2012. 4
Slide 5: Strong SEK challenging
STRONG SEK CHALLENGING 120 115 110 TCW index* 105 100 95 90 2004 Q4 - Q4 - Q4 - Q4 - Q4 - Q4 - Q4 - Q4- 05 06 07 08 09 10 11 12 Source: Riksbanken *Total Competitiveness Weights Index 5
Slide 6: Business Area Packaging Paper
BUSINESS AREA PACKAGING PAPER Market situation slightly slower than normal for the season Net sales MSEK 1 855 Operating profit MSEK 118 Operating margin 6% Key take-away Stable pricing Q1 (local currency) Additional competing capacity 2014 6
Slide 7: Business Area Consumer Board
BUSINESS AREA CONSUMER BOARD Stable and satisfactory market situation Net sales MSEK 1 805 Operating profit MSEK 158, Adjusted operating profit MSEK 206 Operating margin 9%, Adjusted operating margin 11% Key take-away Stable demand and continued global growth 7
Slide 8: Business Area Containerboard
BUSINESS AREA CONTAINERBOARD Strong market situation Net sales MSEK 797 Operating profit MSEK 65 Operating margin 8% Key take-away Price increases announced from mid April 8
Slide 9: Outlook
OUTLOOK Additional synergies – new target of MSEK ~530 by end of 2015 Non-recurring costs – MSEK ~200 Order situation – expected to seasonally improve in Q2 2013 Price increase announcement to be implemented Wood price – -4% for 2013 vs. Q4 2012 9
Slide 10: BillerudKorsnäs Q&A
BILLERUDKORSNAS Q&A
Slide 11: BillerudKorsnäs
BILLERUDKORSNAS