SCA interim report Q1 2011

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SCA interim report Q1 2011

  1. 1. SCA Interim Report1 January – 31 March 2011 Interim Report Q1 2011
  2. 2. Summary – Q1 2011 Sales increased 6%* H i Hygiene b i business  Stable demand in mature markets  Good growth in emerging markets, 8%**  Packaging and Forest Products  Corrugated volumes flat, prices increased 15%  Publication paper volumes decreased 5%  Solid-wood product volumes increased 13% EBIT increased 10%***  Higher prices and volumes  Cost savings  Significantly higher raw material costs, SEK 1.3bn  Negative currency impact, SEK 300m Profit before tax increased 10%*** Cash flow from current operations: SEK 353m* Adjusted for exchange rate movements and divestments** Adjusted for exchange rate movements*** Excluding restructuring costs and adjusted for exchange rate movements 2 Interim Report Q1 2011
  3. 3. Significantly increased raw material prices NBSK pulp Recovered paper - Europe1050 USD/metric ton USD/Metric tonne EUR/ton EUR/t1025 1901000 975 950 170 925 900 875 150 850 825 800 130 775 750 725 110 700 675 650 90 625 600 575 70 550 525 500 50 475 450 425 30 400 -00 -01 -02 -03 -04 -05 -06 -07 -08 -09 -10 -11 -98 -99 -00 -01 -02 -03 -04 -05 -06 -07 -08 -09 -10 -11 OCC ONP/OMG NBSK PIX Value Recovered paper - US Oil based material EUR/Kg 1,75 USD/short ton EUR / kg450 1,50400 1,25350 1,00300250 0,75200 0,50150100 0,25 50 0,00 0 jan-03 jan-04 jan-05 jan-06 jan-07 jan-08 jan-09 jan-10 jan-11 -93 -94 -95 -96 -97 -98 -99 -00 -01 -02 -03 -04 -05 -06 -07 -08 -09 -10 -11 Polyethylene (PE) Bags, backsheet, pack.film Propylene (Contract fd) Superabsorbent High grade deinking Oil (eur/kg) Polypropylene (PP homo) NW, Fibres3 Interim Report Q1 2011
  4. 4. Q1 2011 resultsSEK millions Q1 Q1 Change, Change, unless otherwise stated 2011 2010 % %**Net sales 25,393 26,199 *** -3 6 ****EBIT* 2,112 2,027 4 10EBIT margin* (%) 8.3 7.7Profit before ta * tax* 1,810 1 810 1,748 1 748 4 10Earnings per share (SEK) 1.89 1.53 24Cash flow from current operations 353 1,148Debt/Equity ratio 0.49 0.57* Adjusted for Packaging restructuring costs in 2010** Adjusted for exchange rate movements*** Net sales from SCA recycling business have been reclassified to other income with retroactive adjustment from 2010**** Adjusted for exchange rate movements and divestments4 Interim Report Q1 2011
  5. 5. Q1 2011 vs. Q4 2010Summary Group  Sales decreased 3%* 3% • Seasonally lower volumes • Higher prices  EBIT decreased 16%* • Seasonally lower volumes • Increased raw material and energy costs, SEK 300m • Negative currency impact  Profit before tax decreased 17%* 17% Business areas  Personal Care, EBIT decreased 19%* • Seasonally lower volumes  Tissue, EBIT decreased 18%* • Seasonally lower volumes  Packaging, EBIT decreased 9%* • Significantly higher raw material cost • Higher prices and volumes  Forest Prod cts EBIT decreased 16% Products, • Higher raw material costs* Adjusted for exchange rate movements5 Interim Report Q1 2011
  6. 6. Personal Care Q1 2011 vs. Q1 2010  Sales decreased 5% (+3%*) (+3% ) 5,820 6,109  Incontinence care increased 3%* -5%  Baby diapers increased 5%*  Feminine care increased 1%*  Emerging markets increased 8%* • Incontinence care 4%*SALES SEKm Q111 Q110 • Baby diapers 14%* • Feminine care 2%* 737 583  EBIT decreased by 21% (-15%*) -21%  Significantly higher raw material cost  Increased market activitiesEBIT SEKm Q111 Q110  Higher volumes  Negative currency impactEBIT margin 10.0% 12.1%* Adjusted for exchange rate movements 6 Interim Report Q1 2011
  7. 7. Tissue Q1 2011 vs. Q1 2010  Sales decreased by 5% (+4%*) (+4% ) 9,278 9,728  Consumer tissue increased 2%* -5%  AFH tissue increased 7%*  Emerging markets increased 8%* • Consumer tissue increased 8%* • AFH tissue increased 9%*SALES SEKm Q111 Q110  EBIT decreased by 12% (-5%*) 710  Significantly higher raw material costs 627  Hi h prices Higher i -12%  Negative currency impactEBIT SEKm Q111 Q110EBIT margin 6.8% 7.3%* Adjusted for exchange rate movements 7 Interim Report Q1 2011
  8. 8. Packaging Q1 2011 vs. Q1 2010 6,697 6,730  Sales flat (+15%*) 0%*  Higher prices and volumes  EBIT increased to SEK 480m (SEK 192m**)  Higher prices and volumesSALES SEKm Q111 Q110 S i Savings ffrom restructuring program t t i  Significantly higher raw material costs 480  Negative currency impact 150%** 192**EBIT SEKm Q111 Q110EBIT margin 7.2% 2.9%*** Adjusted for exchange rate movements, divestments and closures** Excluding restructuring costs 8 Interim Report Q1 2011
  9. 9. Forest Products Q1 2011 vs. Q1 2010 4,110 4,110 4 110 4 110  Sales flat (+2%*) (+2% ) 0% Publication papers, lower sales • Higher prices • Lower volumes • Negative currency impact  Solid-wood products and Pulp, higher salesSALES SEKm Q111 Q110 • Higher prices  EBIT increased 2% 495 487  Higher prices 2%  Higher raw material costs  Negative currency effectEBIT SEKm Q111 Q110EBIT margin 12.0% 11.8%* Adjusted for exchange rate movements 9 Interim Report Q1 2011
  10. 10. Outlook 2011G d d Good demand f all b i d for ll businesses Good growth in Emerging markets for Hygiene businesses Continued high raw material costs Increasing corrugated prices Price increases for Personal Care, Tissue and publication papers during H210 Interim Report Q1 2011
  11. 11. Q&A11 Interim Report Q1 2011
  12. 12. 12 Interim Report Q1 2011

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