Svenska Cellulosa Ab Sca Class A · OMXSTO:SCA_A

Svenska Cellulosa Ab Sca Class A — SCA — Q2 2010 Earnings Presentation

14 slides from Svenska Cellulosa Ab Sca Class A's earnings presentation, July 2010

1. Slide 1: SCA Interim Report 1 January – 30 June 2010

   SCA Interim Report 1 January – 30 June 2010 Interim Report Q2 2010

2. Slide 2: SCA market update

   Q2 2010 vs Q2 2009 SCA market update ƒ Significantly increased raw material prices Š OCC +330% Š Recovered paper US +70% Š Recovered paper Europe +120% Š Pulp +60% ƒ Hygiene business Š Good growth for Incontinence care, AFH tissue and Feminine care Š Continued good growth in emerging markets ƒ Packa

3. Slide 3: Q2 2010 results

   Q2 2010 results SEK millions Q2 Q2 Change, Change, Q1 unless otherwise stated 2010 2009 Q2/Q2,% Q2/Q2,%** 2010 Net sales 27,652 27,915 -1 6 26,722 EBIT* 2,440 2,368 3 6 2,027 EBIT margin* (%) 8.8 8.5 7.6 Profit before tax* 2,196 2,014 9 12 1,748 Earnings per share (SEK) 2.04 1.66 23 1.53 Cash flow f

4. Slide 4: H1 2010 results

   H1 2010 results SEK millions H1 H1 Change, Change, unless otherwise stated 2010 2009 % %** Net sales 54,374 56,242 -3 4 EBIT* 4,467 4,504 -1 3 EBIT margin* (%) 8.2 8.0 Profit before tax* 3,944 3,525 12 16 Earnings per share (SEK) 3.57 3.24 10 Cash flow from current operations 2,816 4,687 Debt/Equity

5. Slide 5: Q2 2010 vs. Q1 2010

   Q2 2010 vs. Q1 2010 Summary ƒ Group Š Sales increased 3% Š EBIT increased 20% Š Profit before tax increased 26% ƒ Business areas Š Higher EBIT in all business areas despite higher raw material costs Š Personal Care, EBIT increased 2% • Higher volumes Š Tissue, EBIT increased 11% • Higher volumes and

6. Slide 6: Net debt

   Net debt And debt payment capacity SEKm % 35% 31% 33% 28% 25% 6 Interim Report Q2 2010

7. Slide 7: Debt maturity profile

   Debt maturity profile Total debt: SEK 42,492m 11,183 6,975 9,254 8,546 9 8,537 6,001 4,256 3,252 4,208 + ƒ Cash and cash equivalents SEK 3,999m ƒ Unutilized credit lines SEK 29,503m 7 Interim Report Q2 2010

8. Slide 8: Personal Care

   Personal Care Q2 2010 vs Q2 2009 6,418 6,650 ƒ Sales decreased 3% (+2%*) Š Incontinence care increased 5%* -3% Š Feminine care increased 7%* Š Baby diapers decreased 8%* SALES SEKm Q2 2010 Q2 2009 ƒ EBIT decreased by 8%** (4%***) 753** 820 Š Higher volumes -8%** Š Higher raw material cost Š Increase

9. Slide 9: Tissue

   Tissue Q2 2010 vs Q2 2009 ƒ Sales decreased 4% (+2%*) 10,064 10,474 Š Consumer tissue decreased 1%* -4% Š AFH tissue increased 8%* ƒ EBIT decreased by 22% (19%*) Q2 2010 Q2 2009 Š Higher raw material costs Š Slightly lower prices 1,015 791 Š Lower distribution costs Š Synergies from acquisition -22%

10. Slide 10: Packaging

    Packaging Q2 2010 vs Q2 2009 7,583 ƒ Sales increased by 9% (24%*) 6,958 Š Higher prices and volumes 9% ƒ EBIT increased to SEK 306m (11**) Š Higher prices and volumes SALES SEKm Q2 2010 Q2 2009 Š Savings from restructuring program Š Increased raw material costs Š Negative currency impact 306 11** EB

11. Slide 11: Forest Products

    Forest Products Q2 2010 vs Q2 2009 ƒ Sales flat (+2%*) 4,308 4,304 Š Publication papers 0% • Higher volumes • Lower prices Š Pulp and Solid-wood products • Higher prices SALES SEKm Q2 2010 Q2 2009 ƒ EBIT increased by 8% (8%*) 691 642 Š Publication papers, decreased EBIT 8% • Lower prices • Increased

12. Slide 12: Outlook 2010

    Outlook 2010 ƒ Group Š Improved general market conditions Š Effects from price increases gradually during the second half 2010 ƒ Hygiene businesses Š Good demand Š Increasing prices for Tissue ƒ Packaging Š Demand improvement Š Increasing prices ƒ Forest Products Š Recovery from low level for public

13. Slide 13: Q&A

    Q&A 13 Interim Report Q2 2010

14. Slide 14: Interim Report Q2 2010

    he Li Because our products make life easier for C/O you and for millions of people around the world. Because our resources and the way we work are natural parts of the global lifecycle. And because we care. Interim Report Q2 2010

SCA — Q2 2010 Earnings Presentation on 6ix