Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q1 2015 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, 2015
Slide 1: Arctic Paper Group Results for the Q1 2015
Arctic Paper Group Results for the Q1 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 Summary for the Q1 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 Q1 2015 vs. Q4 2014 – 0,1% 981 990 1 019 965 Uncoated woodfree up + 0,5% 950 thousand metric tons Coated woodfree down - 0,0% 700 583 559 Arctic Paper volume up + 8,9% 546 520 450 Q1 2015 vs. Q1 201
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 March 2015 vs. December 2014 UWF segment average price change 0,0% 900 (Arctic Paper + 1,1%) EUR / ton 800 CWF segment average price change - 1,9% (Arctic Paper + 1,1%) 700 March 2015 vs. March 2014 UWF segm
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices 1 100 Pulp PIX Indexes Europe Average price Q1 2015 compared to Q4 2014 931 932 922 926 880 NBSK (long fibre) 2,9% lower 900 861 871 844 831 837 810 762 USD / ton BHKP (short fibre) 2,0% higher 821 801 784 775 774 753 765 759 752 742 743 700 725 Arctic Paper co
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes 4,5 Average exch. rate Q1 2015 compared to Q4 2014 4,0 EUR/PLN -0,4% EUR/SEK +1,2% 3,5 31/03 4,09 EUR/USD -10,0% 3,0 2012 2013 2014 2015 Average exch. rate Q1 2015 compared to Q1 2014 EUR/SEK changes EUR/PLN +0,2% 9,0 EUR/SEK +5,9% 7,
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* Q1 2015 average use of production capacity 95% 98% Production in thousand tons 2,5% higher than Q4 2014 97% 98% 97% 450 94% 93% 94% 95% 100% 93% 93% 93% % of nominal capacity 9
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton Paper sales revenue 800 674 680 673 641 632 641 644 644 614 603 617 617 577 574 576 576 589 Q1 2015 (PLN 644m) up 9,3 % compared to Q4 600 Thousand PLN 2014 400 Q1 2015 up 4,4% compared to Q1 2014 200 0 Paper sales revenue per ton 4,0
Slide 12: Key consolidated figures
Arctic Paper Page 12 Key consolidated figures Q1 Q4 Q1 (PLN thousands) 2015* 2014 2014 Paper sales volume (000' tonnes) 202 186 197 Q12015 Results impacted by reserve Pulp sales volume (000' tonnes) 91 78 87 Revenues 836 240 755 770 804 492 for outstanding invoices to PaperlinX Gross profit on sales
Slide 13: Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 13 Operating result and EBITDA (excluding Rottneros) Q1 Operating result bridge Operating result for the Q1 2015 -6,5 m PLN* - 13,7 m PLN lower than Q4 2014 Milion PLN - 17,1 m PLN lower than Q1 2014 EBITDA evolution* Q1 2015 EBITDA 16,8m PLN* 32 - 14,3 m PLN lower than Q4
Slide 14: Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 14 Consolidated operating result and EBITDA (including Rottneros) Q1 Operating result bridge Operating result for the Q1 2015 37,6 m PLN* + 18,2 m PLN higher than Q4 2014 Milion PLN + 18,3 m PLN higher than Q1 2014 EBITDA evolution* Q1 2015 EBITDA 68,8m PLN* - 8,6 m PLN low
Slide 15: Summary for the Q1 2015
Arctic Paper Page 15 Summary for the Q1 2015
Slide 16: Q1 2015 in brief
Arctic Paper Page 16 Q1 2015 in brief Market environment: The decrease of the EUR against USD continued. Compared to Q4 2014 by - 10% and compared to Q1 2014 by - 18%; Relatively stable prices during Q1 2015 for graphical papers in Europe; Deliveries of high quality papers in Europe remain stable co
Slide 17: Thank you!
Thank you! Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper