Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q3 2011 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, Nov 14, 2011
Slide 1: Arctic Paper results for 3rd quarter of 2011
Arctic Paper results for 3rd quarter of 2011 Michał Jarczyński, CEO Michał Bartkowiak, CFO Jacek Łoś, CPO Warsaw, November 14, 2011
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 Market environment Financial results Summary 3
Slide 4: Market environment
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Slide 5: Deliveries of fine paper in Europe
Market environment Deliveries of fine paper in Europe 3Q 2011 vs 2Q 2011 Deliveries of paper in Europe ('000 metric tonnes) -2,5 4 000 3 148 3 068 3 429 3 445 3 226 3 408 3 500 3 203 3 166 3 192 3 148 3 068 1 448 1 507 2 919 2 925 3 000 1 700 1 561 2 500 2 000 1 797 1 813 1 788 2Q 2011 3Q 2011 1 683
Slide 6: Fine paper prices
Market environment Fine paper prices In 3Q 2011 prices of fine paper in Europe, due to Graphic paper prices in EUR - German market 950 the pressure of declining demand, experienced a significant decrease compared to the prices at the 900 end of 2Q of 2011. The average decrease was 850 1.8% for UWF
Slide 7: Pulp prices
Market environment Pulp prices Pulp prices (USD/tonne) 1 100 As at the end of 3Q 2011 pulp prices 1 023 976 973 977 were at USD 958 per tonne for NBSK 1 000 949 958 and USD 789 per tonne for BHKP. The 889 900 918 average price for NBSK in 3Q 2011 was 799 870 874 1.7% higher than in 3Q 2010, and BH
Slide 8: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR and USD vs. PLN EUR/PLN 5,00 EUR/PLN 4,70 USD/PLN 4,47 +4,8 +3,6 4,50 4,41 4,22 4,11 4,15 4,15 4,15 4,01 3,96 4,01 3,99 3,96 4,00 3,86 3,99 3,54 3,39 3,50 3,17 3,26 2,93 2,96 3,00 2,89 2,85 2,87 2,82 Average Average Average Average 2Q 20
Slide 9: Exchange rates
Market environment Exchange rates Changes in exchange rate EUR and USD vs. SEK EUR/SEK 12,00 EUR/SEK +1,5 (2,5) 10,98 10,85 USD/SEK 11,00 10,22 10,27 9,01 9,15 9,38 9,15 10,00 9,71 9,51 9,15 8,93 9,26 8,97 9,00 8,27 9,17 7,70 7,79 8,00 7,13 7,22 6,99 6,71 6,71 6,84 7,00 6,28 Average Average Average
Slide 10: Exchange rates
Market environment Exchange rates 1,60 Changes in exchange rate EUR vs. USD 2,80 Changes in exchange rate PLN vs. SEK EUR/USD PLN/SEK 2,70 1,50 1,46 1,45 2,60 1,44 2,51 1,42 1,41 2,50 2,50 1,40 1,36 1,33 1,34 1,34 2,40 1,35 2,43 2,42 2,30 1,30 2,30 2,23 2,34 2,29 2,30 2,20 2,27 1,20 1,22 2,10 2,10 1
Slide 11: Financial results
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Slide 12: Use of production capacity and sales volume
Financial results Use of production capacity and sales volume Use of production capacity for all mills 120% In 3Q 2011 use of production capacity for all Group mills was 110% 95% and 3.9 p.p. higher than in 2Q 2011 and similar to the 98% 97% 98% 97% corresponding period of 2010. 100% 97% 94% 94% 9
Slide 13: Sales revenue
Financial results Sales revenue Total and LFL sales revenue (PLN ‘000) 800 +2,3% +11,1% AP Group sales revenues in 3Q 2011 were PLN 641.4 mln, 627 635 641 627 641 representing increase of 2.3% compared to 3Q 2010 and 583 598 577 600 11.1% compared to 2Q 2011 479 YTD revenues after nine moths of
Slide 14: Main items on profit and loss statement
Financial results Main items on profit and loss statement 3Q 2011 vs. 3Q 2011 vs. YTD 3Q'2011 vs. 3Q 2Q 3Q 2Q 2011 3Q 2010 YTD 3Q YTD 3Q YTD 3Q'2010 PLN'000 2011 2011 2010 change % change % 2011 2010 change % Revenues 641 415 577 487 627 122 11,1% 2,3% 1 853 534 1 689 429 9,7% Gross profit on sales
Slide 15: Summary
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Slide 16: Summary of 3rd quarter of 2011
Summary of 3rd quarter of 2011 The demand in the fine paper segment in Europe in 3Q 2011 was lower than in 2Q 2011 (by 2.5%) and in the corresponding period of 2010 (by 4.9%). The deliveries level in 3Q 2011 was similar to 3Q 2009. Return to high level of the use of production capacity. Use of p
Slide 17: Thank you for your attention
Thank you for your attention Michał Jarczyński, CEO ARCTIC PAPER GROUP Michał Bartkowiak, CFO ARCTIC PAPER GROUP Jacek Łoś, CPO ARCTIC PAPER GROUP Photos: fotolia.com iStockPhoto.com Arctic Paper's archive © 2011 Arctic Paper S.A. All rights reserved. Arctic Paper S.A. Jana Henryka Dabrowskiego 334A