Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q4 2014 Earnings Presentation
10 slides from Billerud Ab's earnings presentation, Feb 3, 2015
Slide 1: Year-End Report 2014
YEAR-END REPORT 2014 2015-02-03 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: Stable fourth quarter ends a strong 2014
STABLE FOURTH QUARTER ENDS A STRONG 2014 Packaging Paper Normal market situation for sack and kraft paper for the season Consumer Board As expected a solid market situation with stable prices for liquid packaging board and cartonboard Containerboard Stable order books for fluting, white liner weaker
Slide 3: We deliver as promised: net sales growth 6% YoY, operating profit +67%
WE DELIVER AS PROMISED NET SALES GROWTH 6% YOY, OPERATING PROFIT +67% YOY MSEK NET SALES MSEK OP. PROFIT 25 000 2 000 6% 1 800 67% 1 901 20 853 20 000 19 689 1 600 1 400 15 000 1 200 1 000 1 137 10 000 800 8% 127% -1% 600 2% 5 000 400 450 460 4 755 5 124 5 191 200 203 0 0 3 All 2013 comparable numbe
Slide 4: Excellent cash flow, improved ROCE and strengthened balance sheet
WE DELIVER AS PROMISED EXCELLENT CASH FLOW, IMPROVED ROCE AND STRENGTHENED BALANCE SHEET MSEK OP. CASH FLOW % ROCE NET DEBT/EQUITY 1 800 12 0,90 1 739 1 500 10 11 0,84 0,73 1 200 8 0,60 0,67 900 6 6 600 4 0,30 529 300 427 2 148 0 0 0,00 Jan-Dec Jan-Dec Jan-Dec Q3 14 Jan-Dec 13 14 13 14 4 All 2013 co
Slide 5: Business Area Packaging Paper Q4 2014
BUSINESS AREA PACKAGING PAPER Q4 2014 Seasonally lower demand for sack and kraft paper Net sales MSEK 1 959, -5% Q3-14 Operating profit MSEK 183 Operating margin 9% Key take-away The order situation for sack and kraft paper was normal for the season The capacity on the machines were not fully utiliz
Slide 6: Business Area Consumer Board Q4 2014
BUSINESS AREA CONSUMER BOARD Q4 2014 Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 1 768, -7% Q3-14 Operating profit MSEK 186 Operating margin 11% Key take-away Stable demand and continued global growth Volume growth strategic action points Growth of 5% year-
Slide 7: Business Area Containerboard Q4 2014
BUSINESS AREA CONTAINERBOARD Q4 2014 Order books remained stable during the quarter Net sales MSEK 816, +5% Q3-14 Operating profit MSEK 120 Operating margin 15% Key take-away Market position and order intake for fluting remained on a high level. Prices and order book for liner was on a lower but sta
Slide 8: Outlook
OUTLOOK Demand and order situation for the first quarter 2015 is expected to seasonally improve compared to the fourth quarter 2014. Average prices in local currency are in general anticipated to be stable. Within Packaging Paper we see price and volume uncertainties in selected kraft paper segments
Slide 9: BillerudKorsnäs Q&A
BILLERUDKORSNAS Q&A
Slide 10: thy
thy BILLERUDKORSNAS