Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q4 2012 Earnings Presentation
21 slides from Arctic Paper's earnings presentation, Mar 1, 2013
Slide 1: Arctic Paper Group Results for the fourth quarter of 2012
Arctic Paper Group Results for the fourth quarter of 2012 Michał Jarczyński, CEO Michał Bartkowiak, CFO Warsaw, March 1 2013
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 Main events in the quarter Market environment Operating and financial results Summary of the fourth quarter of 2012 Page # 3 Arctic Paper S.A.
Slide 4: Main events in the quarter
Main events in the quarter
Slide 5: Listing on NASDAQ OMX
Listing on NASDAQ OMX Starting from the 20th of December 2012, Arctic Paper shares are available for trade on the secondary market on NASDAQ OMX Stockholm. Two capital markets – Central Europe and Scandinavia. The company’s shares are directly connected to Euroclear Sweden and are as easy to tra
Slide 6: Refinancing and repayment of the bonds
Refinancing and repayment of the bonds On the 6th of November 2012 Arctic Paper Group completed refinancing for the amount of PLN 359m. As a result, on the 20th of December the Group repaid existing debt towards Pekao S.A. as well as arranged the funds for the full refinancing of the bonds due by
Slide 7: Rottneros takeover
Rottneros takeover Bid initiated on 22/11/2012 and closed on 26/02/2013. During acceptance period the company took over 82,726,339 shares representing 54,2% of votes in Rottneros AB. The shares were acquired as a result of the offer in the form of exchange of shares and cash alternative for sm
Slide 8: Market environment
Market environment
Slide 9: Deliveries of fine paper
Deliveries of fine paper Monthly deliveries of fine paper in Europe Quarterly and YTD deliveries of fine paper in Europe 1 200 1 115 1 068 1 088 1 063 1 072 1 060 1 038 1 022 1 001 988 12 707 958 962 12 240 950 (-3,7) 2 910 thousand metric tons thousand metric tons 3 083 2 952 (-1,4) 762 700 566 581
Slide 10: Fine paper prices
Fine paper prices Graphic fine paper prices - German market 1000 Autumn market prices of fine paper were under severe pressure all over Europe (typical pattern of the year-end). Despite of the first official announcements of price increases 900 for CWF for January, prices remain unchanged. EUR / t
Slide 11: Pulp prices
Pulp prices Pulp PIX Indexes Europe 1 100 As at the end of Q4 2012 pulp prices were 1 023 976 973 977 at USD 809,6 per ton for NBSK and USD 949 958 775,3 per ton for BHKP. The average price 889 for NBSK in Q4 2012 was 10,9% lower than 900 918 834 844 831 810 in the corresponding period of 2011, wh
Slide 12: Currency exposure
Currency exposure EUR/PLN changes EUR/SEK changes EUR/USD changes 5,0 12,0 1,8 4,5 10,5 1,5 4,0 9,0 1,2 3,5 7,5 0,9 Revenues Costs 31/12 Revenues Costs 31/12 31/12 20% 3% 4,09 31% 12% 8,59 1,32 3,0 6,0 0,6 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 7,00 14,00 1,50 1,3
Slide 13: Operating and financial results
Operating and financial results
Slide 14: Production capacity and sales volume
Production capacity and sales volume Production and use of production capacity for all paper mills In Q4 2012 use of production capacity for all 600 120% Group paper mills was 94% and 3,0 p.p. lower than in Q3 2012 and 1,2% higher than in the 97% 97% 98% 97% corresponding period of 2011. The avera
Slide 15: Sales revenue and revenue per ton
Sales revenue and revenue per ton Paper sales revenue 800 674 680 673 Arctic Paper Group sales revenue in Q4 2012 674 635 641 632 615 615 was PLN 615 million, representing decrease of 577 600 8,7% compared to Q4 2011 and of 8,6% compared to Q3 2012. thousand PLN 400 Sales revenue after twelve mo
Slide 16: Key consolidated figures
Key consolidated figures Q4 Q4 Q3 Q4 sales volume slightly lower than in (PLN thous ands ) 2012* 2011 2012 2012* 2011 Q4 2011 (-1,0%) and revenues due to price and fx mix (-8,7%). Sales volume (000' tonnes) 190 191 206 789 765 YTD sales volume higher than last year Revenues 615 106 673 655 672 820 2
Slide 17: Operating result and EBITDA
Operating result and EBITDA Operating result bridge* Adjusted for one-off costs operating result for +78 -4,8 -21,4 the twelve months of 2012 reached level of 41,9 MPLN and was higher by 38,8 MPLN than -13,4 in the corresponding period of 2011. Main million PLN -0,1 41,9 contributor to such an inc
Slide 18: Summary of the fourth quarter of 2012
Summary of the fourth quarter of 2012
Slide 19: The fourth quarter in brief
The fourth quarter in brief Arctic Paper Group Arctic Paper S.A. as the first company with its primary listing on the WSE Poland entered NASDAQ OMX Stockholm for its secondary listing. Offer to the shareholders of Rottneros AB and control takeover. Acceptance period open till 26/02 with the fina
Slide 20: Stock market overview
Stock market overview Arctic Paper – Warsaw Stock Exchange Market capitalisation 24 22/02 ATC.WA 22/02 PLN 6,24 Wars aw Stock Exchange (WSE) PLN 428m 18 ISIN PLARTPR00012 Ticker ATC 68,561,530 shares 12 Sector Bas ic materials Shareholders Lis ting date 23/10/2009 6 Currency PLN FREE FLOAT 0 31% Arc
Slide 21: Contact
you Michał Jarczyński, CEO ARCTIC PAPER GROUP Michał Bartkowiak, CFO ARCTIC PAPER GROUP Arctic Paper S.A. | Jana Henryka Dabrowskiego 334A | PL-60406 | Poznan | Poland © 2013 Arctic Paper S.A. | All rights reserved