Arctic Paper S.a. · GPW:ATC
Arctic Paper — FY2015 Earnings Presentation
21 slides from Arctic Paper's earnings presentation, 2016
Slide 1: Arctic Paper Group Results for the year 2015
Arctic Paper Group Results for the year 2015 Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper
Slide 2: Disclaimer
Arctic Paper Page 2 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 circumstan
Slide 3: Agenda
Arctic Paper Page 3 Agenda Market environment Operating and financial results New products Summary of 2015
Slide 4: Market environment
Arctic Paper Page 4 Market environment
Slide 5: Deliveries of fine paper
Arctic Paper Page 5 Deliveries of fine paper Monthly deliveries of fine paper in Europe 1 200 YTD 2015 vs. YTD 2014 -2,0% 963 1 008 992 Uncoated woodfree down -1,8% 950 869 thousand metric tons Coated woodfree down -2,3% 700 Arctic Paper volume down -2,6% 486 516 519 448 450 Q4 2015 vs. Q4 2
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 Dec 2015 vs. Sep 2015 UWF segment average price change 0,0% 900 (Arctic Paper: -0,2%) EUR / ton 800 CWF segment average price change -0,3% (Arctic Paper: 3,4%) 700 Dec 2015 vs. Dec 2014 UWF segment average p
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices Pulp PIX Indexes Europe Average price YTD 2015 compared to YTD 2014 NBSK (long fibre) 7,5% lower USD / ton BHKP (short fibre) 5,2% higher Arctic Paper costs 18,2% higher (measured in PLN) 300 Average price Q4 2015 compared to Q4 2014 200 NBSK (long fibre) 12
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes Average exch. rate Q4 2015 compared to Q3 2015 EUR/PLN +1,8% EUR/SEK -1,4% 31/12 4,26 EUR/USD -1,5% Average exch. rate Q4 2015 compared to Q4 2014 EUR/SEK changes EUR/PLN +1,3% EUR/SEK +0,3% EUR/USD -12,3% 31/12 9,17 Arctic Paper YT
Slide 9: Operating and financial results
Arctic Paper Page 9 Operating and financial results
Slide 10: Production capacity and sales volume
Arctic Paper Page 10 Production capacity and sales volume Production and use of production capacity for all paper mills* Q4 2015 average use of production capacity: 90% 600 120% Production in thousand tons 0,3% higher than Q3 2015 98% % of nominal capacity 450 94% 93% 93% 94% 95% 100% 91% 93% 93%
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton Paper sales revenue 800 673 632 641 644 614 603 617 604 574 576 592 579 578 565 554 579 578 Q4 2015 (PLN 578m) down 4,3% compared to Q3 600 Millions PLN 2015 400 Q4 2015 down 0,2% compared to Q4 2014 200 0 Paper sales revenue per ton 4
Slide 12: Key consolidated figures
Arctic Paper Page 12 Key consolidated figures Q4 Q3 Q4 YTD Q4 YTD Q4 YTD 2015 Results impacted by reserve (PLN thousands) 2015 2015 2014 2015* 2014 for outstanding invoices to PaperlinX Paper sales volume (000' tonnes) 157 167 167 664 679 Pulp sales volume (000' tonnes) 89 95 83 373 345 UK in amount
Slide 13: Q4 2015 Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 13 Q4 2015 Operating result and EBITDA (excluding Rottneros) Q4 Operating result bridge Operating result for the Q4 2015 -3,8m PLN -12,7m PLN lower than Q3 2015 Million PLN -22,0m PLN lower than Q4 2014 EBITDA evolution Q4 2015 EBITDA 15,9m PLN 56 -12,1m PLN lower than Q3 2
Slide 14: Q4 2015 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 14 Q4 2015 Consolidated operating result and EBITDA (including Rottneros) Q4 Operating result bridge Operating result for the Q4 2015 -5,6m PLN -48,6 m PLN lower than Q3 2015 Million PLN -35,9 m PLN lower than Q4 2014 EBITDA evolution Q4 2015 EBITDA 25,3m PLN -45,1m PLN low
Slide 15: Profit Improvement Program 2015/2016
Arctic Paper Page 15 Profit Improvement Program 2015/2016 Profit Improvement Program 2015/2016 – actions already taken: Cessation of production at the Arctic Paper Mochenwangen mill; Price increases of UWF and CWF segment implemented in Q4 2015; Restructuring projects – changes in sales organ
Slide 16: New products
Arctic Paper Page 16 New products
Slide 17: Arctic Paper Highway Range
Arctic Paper Page 17 Arctic Paper Highway Range “As a leading producer of fine paper in Europe, we are keen to offer a flexible range of paper grades that meets both current and emerging market needs and we see great potential for the new Arctic Paper introduced during 2015 a new innovative range,”
Slide 18: Munken Kristall
"I am proud of how we have maintained a Arctic Paper leading position long-term in developing and Munken Kristall producing a family of natural white uncoated fine papers”, says Göran Lindqvist, CEO of Arctic Paper Munkedals. "Now we are creating new opportunities for design and creative communicati
Slide 19: Summary for the year 2015
Arctic Paper Page 19 Summary for the year 2015
Slide 20: 2015 in brief
Arctic Paper Page 20 2015 in brief Market environment: Unfavourable level of EUR against USD, if compared average 2015 to average 2014 the change by – 16,5%; Unfavourable pulp prices BHKP, short fibre changes - average 2015 +5,3% compared to 2014 (in USD) and favourable changes for NBSK, long fibre
Slide 21: Thank you!
Thank you! Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper