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SCA Interim Report Q3 2013

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SCA´s net sales for the first nine months rose 14% excluding exchange rate effects and divestments and amounted to SEK 66,577m. Operating profit rose 15% excluding items affecting comparability and …

SCA´s net sales for the first nine months rose 14% excluding exchange rate effects and divestments and amounted to SEK 66,577m. Operating profit rose 15% excluding items affecting comparability and exchange rate effects to SEK 6,885m (6,224).

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  • 1. SCA Interim Report 1 January – 30 September 2013
  • 2. Market Update  Tissue    Good growth in emerging markets Personal Care     Some growth in Europe and North America Good demand for incontinence products in Europe Stable demand for feminine care in Western Europe Good growth in emerging markets Forest Products    Decreased demand for publication paper Improved market balance and higher prices for solid-wood products in Europe Higher prices for kraftliner in Europe October 18, 2013 SCA Interim Report Q3 2013 2
  • 3. Efficiency programs  Hygiene business cost and productivity program  Achieved cost savings Q3 2013: SEK 270m  Annualized cost savings in Q3 2013: approx. EUR 130m  Total annual cost savings of EUR 300m, full effect in 2015  Georgia-Pacific synergies  Achieved cost savings Q3 2013: SEK 120m  Annualized cost savings in Q3 2013: approx. EUR 55m  Total annual cost savings of EUR 125m, full effect in 2016  Forest Products efficiency program  Achieved earnings improvement Q3 2013: SEK 160m  Annualized earnings improvement in Q3 2013: SEK 640m  Total annual earnings improvement of SEK 1,300m, full effect in 2015 October 18, 2013 SCA Interim Report Q3 2013 3
  • 4. Summary Q3 2013 vs. Q3 2012  Sales growth 6%*     Hygiene business, 7%* • Higher prices • Higher volumes • Good growth in Emerging markets Forest Products, 6%** • Higher volumes • Higher prices EBIT increased 12%***    Higher volumes Higher prices Cost savings Operating cash flow decreased 21% * Excluding exchange rate effects and divestments ** Excluding divestments *** Excluding items affecting comparability and exchange rate effects October 18, 2013 SCA Interim Report Q3 2013 4
  • 5. Q3 2013 results SEK millions unless otherwise stated Net sales Q3 2013 Q3 2012 Change, % Change, % 22,046 22,200 -1 6** 2,524 2,285 10 12*** EBIT margin* (%) 11.4 10.3 Profit before tax* 2,256 1,961 15 18*** 2.06 0.51 2,402 3,029 0.52 0.59 EBIT* Earnings per share (SEK) Operating cash flow Debt/Equity ratio -21 * Excluding items affecting comparability ** Excluding exchange rate effects and divestments *** Excluding items affecting comparability and exchange rate effects October 18, 2013 SCA Interim Report Q3 2013 5
  • 6. Q3 2013 vs. Q2 2013 Summary  Group    Sales flat EBIT increased 17%* Business areas  Personal Care, EBIT flat* - Higher prices - Lower raw material costs - Lower volumes  Tissue, EBIT increased 16%*  Cost savings Forest Products, EBIT increased 68%* * Higher prices Lower raw material costs Higher prices Cost savings Excluding items affecting comparability October 18, 2013 SCA Interim Report Q3 2013 6
  • 7. Summary 9M 2013 vs. 9M 2012  Sales growth 14%*     Hygiene business, 16%* • • • Acquisitions Higher volumes Good growth in Emerging markets Forest Products, -2%** • • Higher volumes Lower prices EBIT increased 15%***     Acquisition Cost savings Higher volumes Lower raw material costs Operating cash flow decreased 20% * Excluding exchange rate effects and divestments ** Excluding divestments *** Excluding items affecting comparability and exchange rate effects October 18, 2013 SCA Interim Report Q3 2013 7
  • 8. Personal Care Q3 2013 vs. Q3 2012  Sales growth 3% (5%*)     3% Sales (SEKm) Q3 2012 Q3 2013 EBIT-margin** Baby diapers decreased 3%* Feminine care increased 10%* Emerging markets increased 6%*  EBIT decreased 5%** (3%***)  Higher volumes  Cost savings  Increased marketing activities  Higher raw material costs  Negative currency impact -5%** EBIT** (SEKm) Incontinence products increased 5%* Q3 2012 Q3 2013 13.1% 12.0% * Excluding exchange rate effects ** Excluding items affecting comparability *** Excluding items affecting comparability and exchange rate effects October 18, 2013 SCA Interim Report Q3 2013 8
  • 9. Tissue Q3 2013 vs. Q3 2012 Sales growth 3% (8%*)  Consumer tissue increased 6%*  AFH tissue increased 12%** 3%  Emerging markets increased 13%**  EBIT increased by 17%*** (22%****) Sales (SEKm) Q3 2012 Q3 2013  Higher volumes  Higher prices  Cost savings  Higher energy and raw material costs  Negative currency impact 17%*** EBIT*** (SEKm) EBIT-margin*** * ** *** **** Q3 2012 Q3 2013 11.3% 12.9% Excluding exchange rate effects and divestments Excluding exchange rate effects Excluding items affecting comparability Excluding items affecting comparability, exchange rate effects and divestments October 18, 2013 SCA Interim Report Q3 2013 9
  • 10. Forest Products Q3 2013 vs. Q3 2012  Sales decreased 15% (+6%*)  Publication papers, decreased sales -15% • • Q3 2012 Q3 2013 Divestments  Kraftliner, increased sales • Sales (SEKm) Lower prices • Higher prices Solid-wood products, increased sales • Higher prices and volumes  Pulp, increased sales • 49%** Higher prices and volumes  EBIT increased 49%** EBIT** (SEKm) EBIT-margin** Q3 2012 Q3 2013 6.2% 10.9%     Cost savings Higher prices Lower raw material costs Higher energy costs * Excluding divestment ** Excluding items affecting comparability October 18, 2013 SCA Interim Report Q3 2013 10
  • 11. Summary        Higher sales and profit in Tissue and Forest Products Higher sales and slightly lower profit in Personal Care Efficiency programs delivering according to plan Strengthening emerging markets presence   Offer for Vinda Investment in India Several product launches Inauguration of first wind park; SCA and Statkraft JV Inclusion in key sustainability indices   Dow Jones Sustainability Index Climate Disclosure Leadership Index October 18, 2013 SCA Interim Report Q3 2013 11
  • 12. Q&A October 18, 2013 SCA Interim Report Q3 2013 12

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