Arctic Paper S.a. · GPW:ATC
Arctic Paper — FY2014 Earnings Presentation
17 slides from Arctic Paper's earnings presentation, Mar 27, 2015
Slide 1: Arctic Paper Group Results for the year 2014
Arctic Paper Group Results for the year 2014 Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper Warsaw 27.03.2015
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 Summary for the year 2014
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 YTD DEC 2014 vs. YTD DEC 2013 on the same 1 014 1 034 981 962 level 950 Uncoated woodfree up + 1,0% thousand metric tons 700 Coated woodfree down - 1,2% 504 531 503 583 Arctic Paper volume up + 0,4%
Slide 6: Fine paper prices
Arctic Paper Page 6 Fine paper prices Graphic fine paper prices - German market 1000 December 2014 vs. September 2014 UWF segment average price change 0,0% 900 (Arctic Paper + 0,5%) EUR / ton 800 CWF segment average price change + 2,0% (Arctic Paper - 1,4%) 700 December 2014 vs. December 2013
Slide 7: Pulp prices
Arctic Paper Page 7 Pulp prices 1 100 Pulp PIX Indexes Europe Average price Q4 2014 compared to Q3 2014 931 932 906 922 926 NBSK (long fibre) 0,4% higher 900 861 871 834 844 831 837 810 762 USD / ton BHKP (short fibre) 0,9% higher 821 801 784 775 774 770 753 765 752 742 743 700 725 Arctic Pap
Slide 8: Currency exposure
Arctic Paper Page 8 Currency exposure EUR/PLN changes 4,5 Average exch. rate Q4 2014 compared to Q3 2014 4,0 EUR/PLN +0,8% EUR/SEK +0,7% 3,5 31/12 4,26 EUR/USD -5,7% 3,0 2012 2013 2014 Average exch. rate Q4 2014 compared to Q4 2013 EUR/SEK changes EUR/PLN +0,6% 9,0 EUR/SEK +4,6% 7,5 EU
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* Q4 2014 average use of production capacity 93% 97% 98% 97% 98% 450 95% 93% 97% 94% 94% 93% 100% 91% 91% 90% 93% 93% 93% Production in thousand tons - 1,3% lower than Q3 2014 %
Slide 11: Paper sales revenue and revenue per ton
Arctic Paper Page 11 Paper sales revenue and revenue per ton Paper sales revenue 800 674 680 673 641 632 641 614 603 617 577 574 576 576 592 589 576 589 Q4 2014 (PLN 589m) down 0,5 % compared to 600 Thousand PLN Q3 2014 400 Q4 2014 up 2,2% compared to Q4 2013 200 0 Paper sales revenue per ton 4,
Slide 12: Key consolidated figures
Arctic Paper Page 12 Key consolidated figures Q4 Q4 Q3 YTD Q4 YTD Q4 (PLN thousands) 2014 2013* 2014 2014 2013* Paper sales volume (000' tonne 186 182 192 760 757 Pulp sales volume (000' tonnes) 73 76 89 344 332 Revenues 755 770 734 894 785 219 3 099 364 3 104 901 Gross profit on sales 93 902 28 921
Slide 13: Operating result and EBITDA (excluding Rottneros)
Arctic Paper Page 13 Operating result and EBITDA (excluding Rottneros) Q4 Operating result bridge Operating result for the Q4 2014 7,2 m PLN - 22,7 m PLN lower than Q3 2014 milion PLN + 37,5 m PLN higher than Q4 2013 EBITDA evolution* 31 Q4 2014 EBITDA 31,1m PLN 28 52 - 20,5 m PLN lower than
Slide 14: Consolidated operating result and EBITDA (including Rottneros)
Arctic Paper Page 14 Consolidated operating result and EBITDA (including Rottneros) Q4 Operating result bridge Operating result for the Q4 2014 19,4 m PLN - 34,3 m PLN lower than Q3 2014 milion PLN + 69,1 m PLN higher than Q4 2013 EBITDA evolution* 55 Q4 2014 EBITDA 54,8m PLN - 27,8 m PLN lo
Slide 15: Summary for the year 2014
Arctic Paper Page 15 Summary for the year 2014
Slide 16: The year 2014 in brief
Arctic Paper Page 16 The year 2014 in brief Market enviroment: Market prices of paper continued to fall; As of the end of 2014 prices of high-quality papers in Europe had declined from the price levels at the end of 2013; Deliveries of high-quality papers on the European market in 2014 remained at a
Slide 17: Thank you!
Thank you! Wolfgang Lübbert, CEO Arctic Paper Małgorzata Majewska-Śliwa, CFO Arctic Paper