INTERIM REPORT JANUARY-MARCH 2014 2014-04-24 Per Lindberg, CEO and - - PowerPoint PPT Presentation

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INTERIM REPORT JANUARY-MARCH 2014

2014-04-24 Per Lindberg, CEO and President, and Susanne Lithander, CFO

EVIDENCE OF STRENGTH

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KEY HIGHLIGHTS Q1 2014 INTERIM REPORT

NET SALES SEK 5 410 MILLION. ADJUSTED OPERATING PROFIT SEK 555 MILLION

5 181 4 755 5 410

4 400 4 600 4 800 5 000 5 200 5 400 5 600

Q1 13 Q4 13 Q1 14

Net sales, SEKm

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4% 14% 438 232 555

100 200 300 400 500 600

Q1 13 Q4 13 Q1 14

• Adj. op. profit, SEKm

27% 139%

All 2013 comparable numbers include Bomhus Energi AB.

KEY HIGHLIGHTS Q1 2014 INTERIM REPORT

CASH FLOW SEK 385 MILLION. ROCE 7%, NET DEBT/EQUITY 0.78

277 148 385

100 200 300 400

Q1 13 Q4 13 Q1 14

• Op. cash flow, SEKm

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39% 160% 7 6 7

4 6 8

Q1 13 Q4 13 Q1 14 ROCE, %

0,86 0,85 0,78

0,00 0,30 0,60 0,90

Q1 13 Q4 13 Q1 14 Net debt/equity

All 2013 comparable numbers include Bomhus Energi AB.

STRONG SEK STILL CHALLENGING

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TCW index*

Source: Riksbanken *Total Competitiveness Weights Index

100% OF FORECASTED NET FLOWS IN EUR HEDGED FOR 2014

90 95 100 105 110 115 120 2004 Q4 -05 Q4 -06 Q4 -07 Q4 -08 Q4 -09 Q4 -10 Q4 -11 Q4 -12 Q1 -14

BUSINESS AREA PACKAGING PAPER

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Normal market situation for kraft and sack paper Net sales MSEK 2 068 Operating profit MSEK 191 Operating margin 9% Key take-away

The order situation for kraft and sack paper is on a normal level. Prices in local currency were slightly down compared to previous quarter due to new capacity entering the market.

BUSINESS AREA CONSUMER BOARD

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Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 1 949 Operating profit MSEK 233 Operating margin 12% Key take-away

Stable demand and continued global growth

BUSINESS AREA CONTAINERBOARD

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Stable order book except for order intake on Liner Net sales MSEK 792 Operating profit MSEK 117 Operating margin 15% Key take-away

Stable order intake except for Liner, which was weaker due to increased market competition Parts of Containerboard’s product range experienced increased price pressure in local currency

ON TRACK TO REACH SYNERGY TARGETS AHEAD OF PLAN

ANNUAL PACE OF MSEK ~445 AS PER END OF Q1 2014

9 *Synergies and savings realised in the quarter, compared to if the synergy and savings programme had not been initiated.

100 200 300 400 500 600 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 MSEK Quarterly synergies* Annual pace

Target

OUTLOOK

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Demand and order situation is expected to remain stable during the second quarter 2014 for all business areas Average prices in local currency are anticipated to stay on current level for the second quarter 2014 for all business areas Wood prices are expected to stay on current level for the second quarter of 2014 The target of approximately SEK 530 million in annual synergies and savings is unchanged, and is expected to be reached by the end of 2014

ANNUAL GENERAL MEETING ON 6 MAY 2014

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BillerudKorsnäs’ Annual General Meeting on 6 May 2014 at 14h00 Hotel Rival, Mariatorget Stockholm

Q&A

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