Arctic Paper S.a. · GPW:ATC
Arctic Paper — Q2 2015 Earnings Presentation
19 slides from Arctic Paper's earnings presentation, 2015
Slide 1: Arctic Paper Group Results for the Q2 2015
Arctic Paper Group Results for the Q2 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 The specifics of Profit Improvement Program 2015/16 Summary for the Q2 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 Q2 2015 vs. Q1 2015 – 3,8% 1 019 990 963 Uncoated woodfree down - 1,9% 950 908 thousand metric tons Coated woodfree down - 6,1% 700 Arctic Paper volume down - 11,8% 559 544 546 505 450 1H 2015 vs. 1
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 June 2015 vs. March 2015 UWF segment average price change 2,6% 900 (Arctic Paper + 1,3%) EUR / ton 800 CWF segment average price change - 2,8% (Arctic Paper - 1,7%) 700 June 2015 vs. June 2014 UWF segment av
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices 1 100 Pulp PIX Indexes Europe Average price Q2 2015 compared to Q1 2015 931 932 922 926 880 NBSK (long fibre) 5,6% lower 900 861 871 853 831 837 810 762 USD / ton BHKP (short fibre) 4,2% higher 821 801 797 784 775 774 765 759 752 742 743 700 725 Arctic Paper co
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes 4,5 Average exch. rate Q2 2015 compared to Q1 2015 4,0 EUR/PLN -2,5% EUR/SEK -0,9% 3,5 30/06 4,19 EUR/USD -1,8% 3,0 2012 2013 2014 2015 Average exch. rate Q2 2015 compared to Q2 2014 EUR/SEK changes EUR/PLN -1,9% 9,0 EUR/SEK +2,7% 7,5
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* Q2 2015 average use of production capacity 87% Production in thousand tons 8,2% lower than Q1 2015 98% 97% 98% 450 94% 93% 93% 94% 95% 100% 93% 93% % of nominal capacity 91% 90
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton Paper sales revenue 800 674 680 673 641 632 641 644 614 603 617 577 574 576 576 576 554 554 Q2 2015 (PLN 554m) down 14,0 % compared to 600 Millions PLN Q1 2015 400 Q2 2015 down 3,8% compared to Q2 2014 200 0 Paper sales revenue per ton
Slide 12: Key consolidated figures
Arctic Paper Page 12 Key consolidated figures Q2 2015 Q1 2015* Q2 2014 1H 2015* 1H 2014 1H 2015 Results impacted by reserve (PLN thousands) Paper sales volume (000' tonnes) 159 181 164 340 339 for outstanding invoices to PaperlinX Pulp sales volume (000' tonnes) 94 91 88 185 173 UK in amount of 14,2
Slide 13: Q2 2015 Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 13 Q2 2015 Operating result and EBITDA (excluding Rottneros) Q2 Operating result bridge Operating result for the Q2 2015 - 19,1 m PLN - 26,0 m PLN lower than Q1 2015 Milion PLN - 31,2 m PLN lower than Q2 2014 EBITDA evolution Q2 2015 EBITDA 0,2m PLN 50 45 - 25,9 m PLN lower
Slide 14: Q2 2015 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 14 Q2 2015 Consolidated operating result and EBITDA (including Rottneros) Q2 Operating result bridge Operating result for the Q2 2015 11,9 m PLN - 39,0 m PLN lower than Q1 2015 Milion PLN - 14,3 m PLN lower than Q2 2014 EBITDA evolution Q2 2015 EBITDA 38,9m PLN - 39,1 m PLN
Slide 15: 1H 2015 Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 15 1H 2015 Consolidated operating result and EBITDA (including Rottneros) 1H Operating result bridge Operating result for the 1H 2015 62,8 m PLN 16,6 m PLN higher than 1H 2014 Milion PLN 1H 2015 EBITDA 116,9m PLN EBITDA evolution 14,3 m PLN higher than 1H 2014 Milion PLN
Slide 16: Profit Improvement Program 2015/2016
Arctic Paper Page 16 Profit Improvement Program 2015/2016 Background: Aim of the Program - to further increase the speed of our structural changes and thereby our profitability; Reasons of the Program: The continued complicated paper market; The dramatic strengthening of the US Dollar; Main pillars
Slide 17: Summary for the 1H 2015
Arctic Paper Page 17 Summary for the 1H 2015
Slide 18: Q2 2015 in brief
Arctic Paper Page 18 Q2 2015 in brief Market environment: Very unfavourable level of EUR against USD, if compare to Q1 2015 change by – 1,8% but if compared to Q2 2014 change by – 19,5%; Graphical papers prices in Europe during Q2 2015 a little bit up for UWF segment but still down for CWF; Deliveri
Slide 19: Thank you!
Thank you! Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper