Presentation of SCA's interim report Q2 2010
 

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Presentation of SCA's interim report Q2 2010

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Net sales decreased by 3 percent to SEK 54,374m. Profit before tax rose 12% to SEK 3,944m. Restructuring costs amounted to SEK 451m. Profit for the period rose 10% to 2,860m. Earnings per share were ...

Net sales decreased by 3 percent to SEK 54,374m. Profit before tax rose 12% to SEK 3,944m. Restructuring costs amounted to SEK 451m. Profit for the period rose 10% to 2,860m. Earnings per share were SEK 3.57. Cash flow from current operations was SEK 2,816m.

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Presentation of SCA's interim report Q2 2010 Presentation Transcript

  • 1. SCA Interim Report 1 January – 30 June 2010 Interim Report Q2 2010
  • 2. Q2 2010 vs Q2 2009 SCA market update Significantly increased raw material prices OCC +330% Recovered paper US +70% Recovered paper Europe +120% Pulp +60% Hygiene business Good growth for Incontinence care, AFH tissue and Feminine care Continued good growth in emerging markets Packaging and Forest Products Increased demand for Packaging • Corrugated volumes increased 9% Increased demand for Publication papers • Publication paper volumes increased 2% 2 Interim Report Q2 2010
  • 3. Q2 2010 results SEK millions Q2 Q2 Change, Change, Q1 unless otherwise stated 2010 2009 Q2/Q2,% Q2/Q2,%** 2010 Net sales 27,652 27,915 -1 6 26,722 EBIT* 2,440 2,368 3 6 2,027 EBIT margin* (%) 8.8 8.5 7.6 Profit before tax* 2,196 2,014 9 12 1,748 Earnings per share (SEK) 2.04 1.66 23 1.53 Cash flow from current operations 1,668 3,047 1,148 Debt/Equity ratio 0.62 0.71 0.57 * Excluding restructuring costs ** Adjusted for exchange rate movements 3 Interim Report Q2 2010
  • 4. H1 2010 results SEK millions H1 H1 Change, Change, unless otherwise stated 2010 2009 % %** Net sales 54,374 56,242 -3 4 EBIT* 4,467 4,504 -1 3 EBIT margin* (%) 8.2 8.0 Profit before tax* 3,944 3,525 12 16 Earnings per share (SEK) 3.57 3.24 10 Cash flow from current operations 2,816 4,687 Debt/Equity ratio 0.62 0.71 * Excluding restructuring costs ** Adjusted for exchange rate movements 4 Interim Report Q2 2010
  • 5. Q2 2010 vs. Q1 2010 Summary Group Sales increased 3% EBIT increased 20% Profit before tax increased 26% Business areas Higher EBIT in all business areas despite higher raw material costs Personal Care, EBIT increased 2% • Higher volumes Tissue, EBIT increased 11% • Higher volumes and lower distribution costs Packaging, EBIT increased 59% • Higher prices and volumes Forest Products, EBIT increased 42% • Higher prices and lower energy costs 5 Interim Report Q2 2010
  • 6. Net debt And debt payment capacity SEKm % 35% 31% 33% 28% 25% 6 Interim Report Q2 2010
  • 7. Debt maturity profile Total debt: SEK 42,492m 11,183 6,975 9,254 8,546 9 8,537 6,001 4,256 3,252 4,208 + Cash and cash equivalents SEK 3,999m Unutilized credit lines SEK 29,503m 7 Interim Report Q2 2010
  • 8. Personal Care Q2 2010 vs Q2 2009 6,418 6,650 Sales decreased 3% (+2%*) Incontinence care increased 5%* -3% Feminine care increased 7%* Baby diapers decreased 8%* SALES SEKm Q2 2010 Q2 2009 EBIT decreased by 8%** (4%***) 753** 820 Higher volumes -8%** Higher raw material cost Increased market activities EBIT SEKm Q2 2010 Q2 2009 EBIT margin 11.7%** 12.3% * Excluding exchange rate effects ** Excluding restructuring costs *** Excluding restructuring costs and exchange rate effects 8 Interim Report Q2 2010
  • 9. Tissue Q2 2010 vs Q2 2009 Sales decreased 4% (+2%*) 10,064 10,474 Consumer tissue decreased 1%* -4% AFH tissue increased 8%* EBIT decreased by 22% (19%*) Q2 2010 Q2 2009 Higher raw material costs Slightly lower prices 1,015 791 Lower distribution costs Synergies from acquisition -22% EBIT SEKm Q2 2010 Q2 2009 EBIT margin 7.9% 9.7% * Excluding exchange rate effects 9 Interim Report Q2 2010
  • 10. Packaging Q2 2010 vs Q2 2009 7,583 Sales increased by 9% (24%*) 6,958 Higher prices and volumes 9% EBIT increased to SEK 306m (11**) Higher prices and volumes SALES SEKm Q2 2010 Q2 2009 Savings from restructuring program Increased raw material costs Negative currency impact 306 11** EBIT SEKm Q2 2010 Q2 2009 EBIT margin 4.0% 0.2**% * Adjusted for the divestment of the Asian packaging business and excluding exchange rate effects ** Excluding restructuring costs 10 Interim Report Q2 2010
  • 11. Forest Products Q2 2010 vs Q2 2009 Sales flat (+2%*) 4,308 4,304 Publication papers 0% • Higher volumes • Lower prices Pulp and Solid-wood products • Higher prices SALES SEKm Q2 2010 Q2 2009 EBIT increased by 8% (8%*) 691 642 Publication papers, decreased EBIT 8% • Lower prices • Increased raw material costs Pulp and Solid-wood products, EBIT SEKm Q2 2010 Q2 2009 increased EBIT • Higher prices EBIT margin 16.0% 14.9% * Excluding exchange rate effects 11 Interim Report Q2 2010
  • 12. Outlook 2010 Group Improved general market conditions Effects from price increases gradually during the second half 2010 Hygiene businesses Good demand Increasing prices for Tissue Packaging Demand improvement Increasing prices Forest Products Recovery from low level for publication papers Price increases on magazine paper 12 Interim Report Q2 2010
  • 13. Q&A 13 Interim Report Q2 2010
  • 14. 14 Interim Report Q2 2010