SCA Presentation - Interim report for Q2 2013

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JANUARY 1–JUNE 30, 2013 (compared with same period a year ago).Net sales rose 12% (19% excluding exchange rate effects and divestments) to SEK 44,531m (39,763).Operating profit excluding items affecting comparability rose 11% (16% excluding exchange rate effects) to SEK 4,361m (3,939). Profit before tax, excluding items affecting comparability, rose 18% (22% excluding exchange rate effects) to SEK 3,884m (3,292).Items affecting comparability amounted to SEK -791m (-410).Earnings per share were SEK 3.22 (3.58). Cash flow from current operations was SEK 1,997m (3,067)
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands. The Group has about 36,000 employees and sales in 2012 amounted to SEK 85bn (EUR 9.8bn). Read more on www.sca.com.

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SCA Presentation - Interim report for Q2 2013

  1. 1. 1 January – 30 June 2013 SCA Interim Report July 18, 2013 SCA Interim Report Q2 2013 1
  2. 2.  Weak global growth  Weak Western Europe  Increased confidence in some recovery in the US  Tissue  Some growth in Europe and North America  High growth in Emerging markets  Personal Care  Good demand for incontinence products in Europe  Stable demand for baby diapers and feminine care in Western Europe  Good growth in Emerging markets  Forest Products  Improved global market for solid-wood products  Improved European market for kraftliner  Decreased demand for publication paper July 18, 2013 SCA Interim Report Q2 2013 2 Macro update
  3. 3.  Sales growth 18%*  Hygiene business, 21%** • Acquisitions • Higher volumes • Good growth in Emerging markets  Forest Products, -4%*** • Lower prices including currency effects • Higher volumes  EBIT increased 5%****  Acquisitions  Higher volumes  Cost savings  Operating cash flow decreased 37% July 18, 2013 SCA Interim Report Q2 2013 3 Summary Q2 2013 vs. Q2 2012 * Excluding exchange rate effects and divestments ** Excluding exchange rate effects *** Excluding divestments **** Excluding items affecting comparability and exchange rate effects
  4. 4. Efficiency programs  Hygiene business cost and productivity program  Achieved cost savings Q2 2013: SEK 231m  Annualized cost savings in Q2 2013: EUR 110m  Total annual cost savings of EUR 300m, full effect in 2015  Georgia-Pacific synergies  Achieved cost savings Q2 2013: SEK 87m  Annualized cost savings in Q2 2013: EUR 40m  Total annual cost savings of EUR 125m, full effect in 2016  Forest Products efficiency program  Achieved earnings improvement Q2 2013: SEK 110m  Annualized earnings improvement in Q2 2013: SEK 440m  Total annual earnings improvement of SEK 1,300m, full effect in 2015 July 18, 2013 SCA Interim Report Q2 2013 4
  5. 5. Q2 2013 Results July 18, 2013 SCA Interim Report Q2 2013 5 SEK millions Q2 Q2 unless otherwise stated 2013 2012 Change, % Change, % Net sales 22,145 20,273 9 18 ** EBIT* 2,156 2,105 2 5 *** EBIT margin* (%) 9.7 10.4 Profit before tax* 1,943 1,789 9 11 *** Earnings per share (SEK) 1.63 1.85 Operating cash flow 1,499 2,391 -37 Debt/Equity ratio 0.55 0.41 * Excluding items affecting comparability ** Excluding exchange rate effects and divestments *** Excluding items affecting comparability and exchange rate effects
  6. 6.  Group  Sales increased 4%*  EBIT increased 3%**  Business areas  Personal Care, EBIT flat***  Higher volumes  Cost savings  Higher raw material costs  Tissue, EBIT increased 11%**  Higher volumes  Cost savings  Higher raw material costs  Forest Products, EBIT increased 9%**  Higher prices  Cost savings  Costs for maintenance stops July 18, 2013 SCA Interim Report Q2 2013 6 Q2 2013 vs. Q1 2013 Summary * Excluding divestments ** Excluding items affecting comparability and divestments *** Excluding items affecting comparability
  7. 7. July 18, 2013 SCA Interim Report Q2 2013 7 Personal Care Q2 2013 vs. Q2 2012 Q2 2012   Q2 2013 EBIT margin** 12.0% EBIT** SEKm Q2 2012  Q2 2013 * Excluding exchange rate effects ** Excluding items affecting comparability *** Excluding items affecting comparability and exchange rate effects 4% 6,7646,530 3%** 806781 11.9% SALES SEKm  Sales growth 4% (10%*)  Incontinence products increased 6%*  Baby diapers increased 7%*  Feminine care increased 8%*  Emerging markets increased 16%*  EBIT increased 3%** (3%***)  Higher volumes  Acquisitions  Cost savings  Increased marketing activities  Higher raw material costs
  8. 8. July 18, 2013 SCA Interim Report Q2 2013 8 Tissue Q2 2013 vs. Q2 2012 EBIT margin** EBIT** SEKm 11.1%10.8 % SALES SEKm Q2 2012   Q2 2013 Q2 2012   Q2 2013 27%**1,021 1,295 * Excluding exchange rate effects ** Excluding items affecting comparability *** Excluding items affecting comparability and exchange rate effects  Sales growth 23% (28%*)  Consumer tissue increased 30%*  AFH tissue increased 26%*  Emerging markets increased 14%*  EBIT increased by 27%** (33%***)  Acquisitions  Cost savings  Higher volumes 23% 11,650 9,461
  9. 9. July 18, 2013 SCA Interim Report Q2 2013 9 Forest Products Q2 2013 vs. Q2 2012 ‐22% EBIT margin** 6.6%8.9% ‐42%** 3,788 4,868 250 433 SALES SEKm Q2 2012   Q2 2013 Q2 2012   Q2 2013EBIT** SEKm * Excluding divestment ** Excluding items affecting comparability  Sales decreased 22% (-4%*)  Publication papers, decreased sales • Lower prices • Divestments  Solid-wood products, increased sales • Higher volumes  Kraftliner, decreased sales • Lower volumes • Higher prices  Pulp, decreased sales • Lower prices  EBIT decreased 42%**  Lower prices  Negative currency effects  Costs for maintenance stops  Cost savings  Lower raw material costs
  10. 10. Summary July 18, 2013 SCA Interim Report Q2 2013 10  Higher sales and profit for the hygiene businesses  Good growth rates in Emerging markets  Lower profit in Forest Products  Efficiency programs delivering according to plan
  11. 11. July 18, 2013 SCA Interim Report Q2 2013 11 Q&A

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