Billerud Ab · OMXSTO:BILL
Billerud Ab — BillerudKorsnäs — Q3 2013 Earnings Presentation
11 slides from Billerud Ab's earnings presentation, Oct 30, 2013
Slide 1: Interim Report January-September 2013
INTERIM REPORT JANUARY-SEPTEMBER 2013 2013-10-30 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1
Slide 2: On track to reach synergy targets ahead of plan
ON TRACK TO REACH SYNERGY TARGETS AHEAD OF PLAN ANNUAL PACE OF MSEK ~300 AS PER END OF Q3 2013 600 Target 500 400 MSEK 300 200 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2015 Quarterly synergies* Annual pace *Synergies and savings realised in the quarter, compared to if the synergy and savi
Slide 3: Key financials
KEY FINANCIALS vs. vs. Q3 2013 Q2 2013 Jan-Sep Jan-Sep 2013 2012 Net sales, SEKm 4 715 -5% 14 820 +101% Adjusted operating profit, SEKm 331 +4% 1 081 +103% Return on capital employed, %* 6% +/-0 6% -5 p.p. Operating cash flow, SEKm 109 +16% 512 +62% Net debt/equity, multiple 0.80 -0.05 0.80 +0.60 *C
Slide 4: Strong SEK still challenging
STRONG SEK STILL CHALLENGING 120 115 110 TCW index* 105 100 95 90 2004 Q4 -05 Q4 -06 Q4 -07 Q4 -08 Q4 -09 Q4 -10 Q4 -11 Q4-12 Source: Riksbanken *Total Competitiveness Weights Index 4
Slide 5: Business area Packaging Paper
BUSINESS AREA PACKAGING PAPER Normal market situation for most products. Lower than normal for white sack paper Net sales MSEK 1 820 Operating profit MSEK -1 Operating margin 0% Key take-away Q3 earnings negatively impacted by two planned maintenance shutdowns (MSEK 188) Slight price erosion in Q3 d
Slide 6: Business area Consumer Board
BUSINESS AREA CONSUMER BOARD Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 1 716 Operating profit MSEK 244 Operating margin 14% Key take-away Reached long-term agreements with major customers +10% capacity investment decided for 2014 within the liquid packagi
Slide 7: Business area Containerboard
BUSINESS AREA CONTAINERBOARD Stable market situation Net sales MSEK 755 Operating profit MSEK 89 Operating margin 12% Key take-away Mainly stable prices in local currency Remaining 70% of PACCESS acquired in Q3 7
Slide 8: Outlook
OUTLOOK Synergy and savings target of MSEK ~530 expected to be reached already in 2014 Market situation for Q4 Consumer Board and Containerboard – remain stable Packaging Paper – normal except for sack paper where demand is expected to be lower than normal and production will not run at full capacit
Slide 9: Capital Markets Day on 14 November 2013
CAPITAL MARKETS DAY ON 14 NOVEMBER 2013 Capital Markets Day in Stockholm on 14 November 2013. More info on www.billerudkorsnas.com 9
Slide 10: Q&A
BILLERUDKORSNAS Q&A
Slide 11: BillerudKorsnäs
BILLERUDKORSNAS