Nordea Small Cap Days August 16, 2019 ROTTNEROS IN BRIEF OMSTTNING - - PowerPoint PPT Presentation

▶
nordea small cap days
SMART_READER_LITE
LIVE PREVIEW

Nordea Small Cap Days August 16, 2019 ROTTNEROS IN BRIEF OMSTTNING - - PowerPoint PPT Presentation

Sep 07, 2022 641 likes •871 views

Nordea Small Cap Days August 16, 2019 ROTTNEROS IN BRIEF OMSTTNING 2 260 MSEK SALES 2 360 MSEK 313 PEOPLE 398 900 TON PULP ROTTNEROS AS AN INVESTMENT CICRULAR ECONOMY STRONG FOCUS ON NICHES SOLID BALANCE SHEET SHARE PRICE 1.1.2015

slide-1
SLIDE 1

Nordea Small Cap Days August 16, 2019

slide-2
SLIDE 2

ROTTNEROS IN BRIEF

OMSÄTTNING 2 260 MSEK 313 PEOPLE 398 900 TON PULP SALES 2 360 MSEK

slide-3
SLIDE 3

ROTTNEROS AS AN INVESTMENT

CICRULAR ECONOMY STRONG FOCUS ON NICHES SOLID BALANCE SHEET

slide-4
SLIDE 4

SHARE PRICE

1.1.2015 – 14.8.2019

2 4 6 8 10 12 14 16 2015 2016 2017 2018 2019 Rottneros OMX Stockholm OMX Stockholm Forestry & Paper

TSR 2018: 25%

  • Share price

1,09 kr

  • Dividend

0,70 kr

  • Total

1,79 kr

7,15 kr 8,24 kr

slide-5
SLIDE 5

Trends and challenges

MARKET

slide-6
SLIDE 6

PULP PRICE

A cyclical market

Source: FOEX & Riksbanken

slide-7
SLIDE 7

DEMAND AND SUPPLY

Producer’s inventories and price

Source: FOEX & PPPC W-100 USD/ton Days of supply NBSK-price, USD Days

20 25 30 35 40 45 50 55 60

500 600 700 800 900 1 000 1 100 1 200 1 300

jan-12 apr-12 jul-12

  • kt-12

jan-13 apr-13 jul-13

  • kt-13

jan-14 apr-14 jul-14

  • kt-14

jan-15 apr-15 jul-15

  • kt-15

jan-16 apr-16 jul-16

  • kt-16

jan-17 apr-17 jul-17

  • kt-17

jan-18 apr-18 jul-18

  • kt-18

jan-19 apr-19 jul-19 Days NBSK Price, USD

slide-8
SLIDE 8

WHAT IS PULP USED FOR?

Paper and Board production Europe

Grafiskt papper Mjukpapper Kartong Annat

Graphical paper Tissue Board Other

slide-9
SLIDE 9

DECREASED DEMAND Q1 2019 (Q1 2018)

EUROPE – 1.2%

Source: CEPI

slide-10
SLIDE 10

ROTTNEROS’ SALES BY APPLICATION

Share of total deliveries 2018

Filter

13% 17%

Electrotechnical appl.

10%

Tissue

8% 23%

Printing and Writing

29%

Board and Packaging Specialities

slide-11
SLIDE 11

Record production stable resultat

Q2 2019

slide-12
SLIDE 12

EBIT Q2 ’19 VS Q2 ’18

What is driving results?

PRICE AND CURRENCY PRODUCTION COST OF RAW MATERIALS

(MSEK)

94 103 20

  • 28
  • 17
  • 4

+41

  • 3

20 40 60 80 100 120 140 160 180 Apr - Jun 2018 Price and currency Vulme effect Variable costs Fixed costs Depreciation Other income Apr-jun 2019 Result Costs Revenue

slide-13
SLIDE 13

EFFICIENT AND SOLID BALANCE SHEET

STRONG CASH FLOW LOW NET DEBT

  • 200
  • 150
  • 100
  • 50

50 100 150 200 250 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Cash flow from operating activities Net debt Equity / assets ratio %

(MSEK) 90 80 70 60 50 40 30 20 10 % 2015 2016 2017 2018 2019 DIVIDEND PAID

slide-14
SLIDE 14

THE WAY AHEAD

slide-15
SLIDE 15

TRENDS FAVOURING PULP

OMSÄTTNING 2 260 MSEK TISSUE E-COMMERCE TEXTILES PLASTIC OCEAN

slide-16
SLIDE 16

STRONGER AND MORE RESILIENT

Investments Capacity

CAPACITY INSTALLED 440 000 TON 900 MSEK INVESTED LIMITED INVESTMENTS GOING FORWARD ~ 100 MSEK

slide-17
SLIDE 17

SUSTAINABILITY

Developing a company that is more than 100 years old

slide-18
SLIDE 18

V

HRSC SOURCING

ONE COMPANY

1+1 > 2

CUSTOMERS SALES PRODUCTION PLANNING AND SALES ADMINISTRATION COPORATE VALUES HEALTH & SAFETY SUSTAINABILITY

FINANCE TECHNOLOGY

Vallvik Rottneros Rottneros Packaging

SOURCING FINANCE TECHNOLOGY HRSC

slide-19
SLIDE 19

TARGETS

OMSÄTTNING 2 260 MSEK FINANCIAL TARGETS SOCIAL TARGETS

30-50% > 50% +3% 10%

  • # of accidents
  • Diversity
  • Code of Conduct 2025
  • Dividend
  • Solidity
  • Production
  • Alternative income 2023

30% 100%

slide-20
SLIDE 20

A NEW PLATFORM

READY TO TAKE ON THE FUTURE

  • STRONG BALANCE SHEET
  • FOCUSED AND MOTIVATED ORGANISATION
  • ROTTNEROS PACKAGING STARTED
  • LIMITED PULP CAPACITY AHEAD