1. SCA Interim Report
1 January – 31 March 2011
Interim Report Q1 2011

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. Significantly increased raw material prices
NBSK pulp Recovered paper - Europe
1050
USD/metric ton
USD/Metric tonne
EUR/ton
EUR/t
1025 190
1000
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 / kg
450 1,50
400
1,25
350
1,00
300
250 0,75
200
0,50
150
100 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, Fibres
3 Interim Report Q1 2011

4. Q1 2011 results
SEK millions Q1 Q1 Change, Change,
unless otherwise stated 2011 2010 % %**
Net sales 25,393 26,199 *** -3 6 ****
EBIT* 2,112 2,027 4 10
EBIT margin* (%) 8.3 7.7
Profit before ta *
tax* 1,810
1 810 1,748
1 748 4 10
Earnings per share (SEK) 1.89 1.53 24
Cash flow from current operations 353 1,148
Debt/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 divestments
4 Interim Report Q1 2011

5. Q1 2011 vs. Q4 2010
Summary
 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 movements
5 Interim Report Q1 2011

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 activities
EBIT SEKm Q111 Q110  Higher volumes
 Negative currency impact
EBIT margin 10.0% 12.1%
* Adjusted for exchange rate movements
6 Interim Report Q1 2011

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 impact
EBIT SEKm Q111 Q110
EBIT margin 6.8% 7.3%
* Adjusted for exchange rate movements
7 Interim Report Q1 2011

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 volumes
SALES 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 Q110
EBIT margin 7.2% 2.9%**
* Adjusted for exchange rate movements, divestments and closures
** Excluding restructuring costs
8 Interim Report Q1 2011

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 sales
SALES SEKm Q111 Q110 • Higher prices
 EBIT increased 2%
495 487  Higher prices
2%
 Higher raw material costs
 Negative currency effect
EBIT SEKm Q111 Q110
EBIT margin 12.0% 11.8%
* Adjusted for exchange rate movements
9 Interim Report Q1 2011

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 H2
10 Interim Report Q1 2011

11. Q&A
11 Interim Report Q1 2011

12. 12 Interim Report Q1 2011