INTERIM REPORT JANUARY-MARCH 2015 2015-04-21 Per Lindberg, CEO and - - PowerPoint PPT Presentation

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INTERIM REPORT JANUARY-MARCH 2015

2015-04-21 Per Lindberg, CEO and President, and Susanne Lithander, CFO

BEST QUARTERLY PERFORMANCE EVER

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Operating profit reached a record high SEK 698 million and operating margin

• ver 12%

Net debt reduced with SEK 734 million from previous quarter to SEK 6 390 million due to a very strong cash flow Packaging Paper

Normal market situation for sack and kraft paper for the season

Consumer Board

As expected a solid market situation with stable prices for liquid packaging board and cartonboard

Containerboard

Strong order books for fluting, white liner weaker

Partnering with Tara expedition to further enhance our mission to challenge conventional packaging for a sustainable future

WE DELIVER AS PROMISED

NET SALES GROWTH 4% YOY, OPERATING PROFIT +29% YOY

5 410 5 124 5 634

4 800 4 900 5 000 5 100 5 200 5 300 5 400 5 500 5 600 5 700

Q1 14 Q4 14 Q1 15

NET SALES

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4% 10%

541 460 698

100 200 300 400 500 600 700 800

Q1 14 Q4 14 Q1 15

• OP. PROFIT

29% 52%

MSEK MSEK

WE DELIVER AS PROMISED

EXCELLENT CASH FLOW, GOOD ROCE AND STRENGTHENED BALANCE SHEET

385 427 733

300 600 900

Q1 14 Q4 14 Q1 15

• OP. CASH FLOW

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7.2 10.5 11.5

2 4 6 8 10 12 14

Q1 14 Q4 14 Q1 15

ROCE

0.78 0.67 0.57

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

Q1 14 Q4 14 Q1 15

NET DEBT/EQUITY

MSEK %

PACKAGING PAPER BUSINESS AREA Q1 2015

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Stable demand for sack and kraft paper Net sales MSEK 2 182, +6% Q1-14 Operating profit MSEK 317, +66% Q1-14 Operating margin 15% Key take-away

The order situation for brown sack paper was strong, weaker for MF kraft paper due to increased competition on the market The capacity on the Finnish machines were not fully utilized Prices in local currency were slightly above previous quarter

Selective growth

CONSUMER BOARD BUSINESS AREA Q1 2015

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Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 2 023, +4% Q1-14 Operating profit MSEK 290, +24% Q1-14 Operating margin 14% Key take-away

Stable demand and continued global growth Production problems related to trimming issues after machine rebuild in Gävle and Frövi during end of 2014

Volume growth

CONTAINERBOARD BUSINESS AREA Q1 2015

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Order books remained stable during the quarter Net sales MSEK 801, +1% Q1-14 Operating profit MSEK 137, +17% Q1-14 Operating margin 17% Key take-away

Market position and order intake for fluting remained on a high level. Prices and order book for liner was on a lower but stable level during the quarter compared with previous year.

Value growth

OUTLOOK

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Demand and orders situation for the second quarter is expected to be stable with normal seasonal variances for all business areas. Average prices in local currency in the second quarter are anticipated to be stable on the same level as in the first quarter. No changes to wood prices are foreseen for the second quarter. There is a planned maintenance shutdown in Gruvön including a three week rebuild of PM6 in the second quarter of 2015.

CAPITAL MARKETS DAY ON 12 NOVEMBER 2015

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Capital Markets Day in Stockholm on 12 November 2015. More info will be published on www.billerudkorsnas.com

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WE PACKAGING FOR A

Q&A

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