Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q3 2014 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, Nov 14, 2014
Slide 1: Arctic Paper Group Results for Q3 of 2014
Arctic Paper Group Results for Q3 of 2014 Wolfgang Lübbert, CEO Małgorzata Majewska-Śliwa , CFO Warsaw, 14th of November, 2014
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 Operating and financial results Summary for the 3rd quarter of 2014 Page # 3 Arctic Paper S.A.
Slide 4: Market environment
Market environment
Slide 5: Deliveries of fine paper
Deliveries of fine paper Monthly deliveries of fine paper in Europe 1 200 1 014 Q3 2014 vs. Q2 Q2 2014 2014 - 2,2 % 925 950 929 Uncoated woodfree down - 7,3% 853 Coated woodfree up + 3,8% 700 Arctic Paper volume up + 3,9% thousand metric tons 504 501 504 450 434 510 Q3 2014 vs. Q3 Q3 2013 2013 - 0,4
Slide 6: Fine paper prices
Fine paper prices Graphic fine paper prices - German market 1000 900 EUR / ton 800 September 2014 vs. June 2014 2014 UWF segment average price change 700 0,0% (Arctic Paper - 1,1%) 600 CWF segment average price change - 0,9% (Arctic Paper + 0,5%) UWF 80g Sheets UWF 80g Reels CWF 90g Sheets CWF 90g R
Slide 7: Pulp prices
Pulp prices Pulp PIX Indexes Europe 1 100 Average price Q3 2014 compared to Q2 2014 906 922 926 931 NBSK (long fibre) 0,5% higher 900 861 871 834 844 831 837 762 810 BHKP (short fibre) 3,0% lower 821 801 784 775 774 770 700 753 752 765 742 725 Arctic Paper pulp cost 1,1% higher USD / ton 652 300 Ave
Slide 8: Currency exposure
Currency exposure EUR/PLN changes 4,5 Average exch. exch. rate Q3 2014 compared to Q2 2014 4,0 EUR/PLN +0,2% EUR/SEK +1,7% 3,5 30/09 4,17 EUR/USD -3,3% 3,0 2012 2013 2014 Average exch. exch. rate Q3 2014 compared to Q3 2013 EUR/SEK changes 10,5 EUR/PLN -1,7% 9,0 EUR/SEK +6,1% EUR/USD +0,1% 7,5 30/09
Slide 9: Operating and financial results for the Q3 2014
Operating and financial results for the Q3 2014
Slide 10: Production capacity and sales volume
Production capacity and sales volume Production and use of production capacity for all paper mills* 600 120% Q3 2014 2014 average use of production 97% 97% 98% 97% 98% capacity 94% 94% Production in thousand tons 450 95% 93% 94% 94% 100% 91% 91% 90% 93% 93% 93% % of nominal capacity 1,0 % higher tha
Slide 11: Paper sales revenue and revenue per ton
Paper sales revenue and revenue per ton Paper sales revenue * 800 674 680 673 641 632 641 614 603 617 577 574 576 576 592 603 592 600 Q3 2014 (PLN 592m) up 2,7 % compared to thousand PLN 400 Q2 2014 Q3 2014 down 1,9% compared to Q3 2013* 200 * in Q3 2013 one paper machine at Arctic Paper Mochenwange
Slide 12: Key consolidated figures
Key consolidated figures Q3 Q3 Q2 YTD Q3 YTD Q3 (PLN thousands) 2014 2013* 2014 2014 2013* Paper s ales volume (000' tonnes ) 192 188 185 574 575 Pulp s ales volume (000' tonnes ) 89 83 88 266 256 Revenues 785 219 784 000 753 883 2 343 594 2 370 007 Gros s profit on s ales 132 487 79 910 100 759 336
Slide 13: Operating result and EBITDA (excluding Rottneros)
Operating result and EBITDA (excluding Rottneros) Q3 Operating result bridge Operating result for the Q3 2014 2014 29, 29,9 m PLN + 19,8 m PLN higher than Q2 2014 million PLN + 30,8 m PLN higher than Q3 2013 EBITDA evolution* Q3 2014 2014 EBITDA 51, 51,6m PLN 52 + 20,3 m PLN higher than Q2 2014 mill
Slide 14: Consolidated operating result and EBITDA (including Rottneros)
Consolidated operating result and EBITDA (including Rottneros) Q3 Operating result bridge Operating result for the Q3 2014 2014 53, 53,7 m PLN + 29,5 m PLN higher than Q2 2014 million PLN + 59,0 m PLN higher than Q3 2013 EBITDA evolution* 83 Q3 2014 2014 EBITDA 82, 82,5m PLN 83 + 29,7 m PLN higher t
Slide 15: Summary of Q3 2014
Summary of Q3 2014
Slide 16: The Q3 2014 in brief
The Q3 2014 in brief Current situation The market decline in paper prices continued – but at a slower rate – during the third quarter 2014. The accumulated pulp prices were stable, but the third quarter of 2014 showed a decrease (-3,0%) of BHKP, favourable for Arctic Paper S.A., and an increase (+0,
Slide 17: Thank you
you Wolfgang Lübbert, Lübbert, CEO ARCTIC PAPER GROUP Małgorzata Majewska –Śliwa, CFO ARCTIC PAPER GROUP Arctic Paper S.A. | Jana Henryka Dabrowskiego 334A | PL-60406 | Poznan | Poland © 2014 Arctic Paper S.A. | All rights reserved