The document summarizes Schweitzer-Mauduit, a global manufacturer of cigarette paper and reconstituted tobacco products. Key points include:
- It holds the #1 global position in these markets and has deep customer relationships with major cigarette companies spanning over 50 years.
- It has a superior product portfolio with high-value products and its regulatory backdrop is driving strong growth prospects.
- It has successfully restructured operations to improve efficiency and profitability, and its management team has over 100 years of industry experience.
- Financial highlights show increased sales, income, EBITDA, and cash flow from operations between Q1 2009 and Q1 2010.
The document provides an overview of Monsanto's third-quarter 2006 financial results and strategic initiatives. Key points include:
- Net sales for Q3 2006 were $2.348 billion, up 15% from Q3 2005, driven by growth in seeds and traits.
- Net income for Q3 2006 was $334 million, up 611% from Q3 2005, due to acquisitions and increased penetration of key traits.
- Monsanto is focusing on growth in traits like Roundup Ready 2 corn and developing product pipelines like drought-tolerant corn and Vistive III soybeans.
- The company aims to expand seeds and traits globally and leverage acquisitions like Seminis to unlock additional value
CSX reported strong fourth quarter 2006 results, with earnings per share of $0.75 compared to $0.52 in fourth quarter 2005. Surface transportation operating income increased 15% year-over-year to $505 million. Revenue increased 8% driven by an 8% increase in revenue per unit, though volumes were essentially flat. Operations continued to improve, with increases in on-time performance and train velocity and decreases in dwell time. Looking forward, CSX expects continued pricing opportunities and economic growth in 2007-2008, while focusing on further improving safety and service.
Terry Crews, Chief Financial Officer of Bank of America, presented at the 38th Annual Investment Conference on September 16, 2008. The presentation discussed Monsanto's growth opportunity in agricultural productivity through increased demand for yield and innovation to meet that demand. Monsanto aims to double its gross profit from 2007 to 2012 through expanding its seed footprint and introducing valuable biotech traits. Corn seeds and traits were highlighted as demonstrating strong financial growth and momentum through increased market share and trait penetration.
1) The document reports on the financial and operational highlights for PDG Realty for 4Q08 and full year 2008. It discusses strong contracted sales, launches, and financial results including revenue, EBITDA and net income.
2) It also provides details on recent events such as reaching 100% stake in Goldfarb, a share buyback program, back office integration, and a rating reaffirmation.
3) Additional sections give further breakdowns of operational highlights for sales, including contracted sales by segment and quarter, sales speed from project launches, and inventory figures.
Tennant Company presented its investor presentation for November 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, with $812 million in revenue. It also outlined Tennant's growth strategies, which include expanding into new markets and verticals, delivering a strong product pipeline, and improving margins. Tennant believes these strategies can help it achieve its goal of $1 billion in revenue while maintaining an operating profit margin above 12%.
Market Research Report : Dairy market in china 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The report begins with an introduction section which comprises an illustration of the dairy sector including various forms of milk and their usage. This is followed by the market overview of dairy market in China, providing details on the series of changes that has been experienced by the market. The section provides some of the trends that the Chinese dairy market is expected to realize, along with the industry size in terms of growth of fluid milk production, consumption and distribution. The report also mentions the growth in production, consumption and distribution of whole milk powder and non-fat dry milk. Consistent average price of milk and growth in number of dairy cows are also given. This section offers a better understanding of the overall Chinese dairy market.
The report provides detailed information about the exports and imports of dairy products. It provides country-wise import and export for the year 2010. Import and export data provided are both in terms of value and volume.
Factors driving the growth of dairy market in China are also explained in detail. Huge consumer base, enhancement of national dairy herd, demonstration effect of FDI on dairy farms, increasing health consciousness, untapped market potential and growing retail network are providing growth opportunities for the dairy market.
Players operating in the market also face challenges which are impeding their development and growth. Major challenges identified are diseconomies of scale, market and farm disorders, lack of infrastructure in lower tier cities, rise in costs for imported feed, comparatively low animal productivity and contamination.
The report also presents the various government policies and subsidies which cater to the Chinese dairy sector. It also gives a brief idea about the several regulations on country’s import and export alongwith the latest dairy safety standards.
Emerging trends in the dairy market include industrialization, emerging pediatric milk formula market, rising popularity of flavored milk, packs of varying sizes and growth of UHT milk.
The competition section outlays the competitive landscape of dairy industry in China briefing about the domestic and foreign players existing in the market. This section provides a ranking of the players based on revenue and profits followed by a three-dimensional analysis of key players’ revenues, profits and market capitalization. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance, business highlights and their product portfolio, providing an insight into the existing competitive scenario.
Key takeaway section summarizes the entire market in terms of opportunities, trends and challenges persisting in the dairy market in China.
1) The company reported contracted sales of R$1,174.2 million in 2011, stable compared to 2010 despite fewer new launches. Sales from inventory were R$1.07 billion or 91.1% of contracted sales.
2) In 4Q11, the company launched new projects totaling R$436.1 million in potential sales value, including a project in São Paulo's Jardim Sul neighborhood.
3) The company provided an update on the status of several construction sites for projects launched between 2007-2011, noting levels of progress from foundation to finishing work.
The document provides an overview of Monsanto's third-quarter 2006 financial results and strategic initiatives. Key points include:
- Net sales for Q3 2006 were $2.348 billion, up 15% from Q3 2005, driven by growth in seeds and traits.
- Net income for Q3 2006 was $334 million, up 611% from Q3 2005, due to acquisitions and increased penetration of key traits.
- Monsanto is focusing on growth in traits like Roundup Ready 2 corn and developing product pipelines like drought-tolerant corn and Vistive III soybeans.
- The company aims to expand seeds and traits globally and leverage acquisitions like Seminis to unlock additional value
CSX reported strong fourth quarter 2006 results, with earnings per share of $0.75 compared to $0.52 in fourth quarter 2005. Surface transportation operating income increased 15% year-over-year to $505 million. Revenue increased 8% driven by an 8% increase in revenue per unit, though volumes were essentially flat. Operations continued to improve, with increases in on-time performance and train velocity and decreases in dwell time. Looking forward, CSX expects continued pricing opportunities and economic growth in 2007-2008, while focusing on further improving safety and service.
Terry Crews, Chief Financial Officer of Bank of America, presented at the 38th Annual Investment Conference on September 16, 2008. The presentation discussed Monsanto's growth opportunity in agricultural productivity through increased demand for yield and innovation to meet that demand. Monsanto aims to double its gross profit from 2007 to 2012 through expanding its seed footprint and introducing valuable biotech traits. Corn seeds and traits were highlighted as demonstrating strong financial growth and momentum through increased market share and trait penetration.
1) The document reports on the financial and operational highlights for PDG Realty for 4Q08 and full year 2008. It discusses strong contracted sales, launches, and financial results including revenue, EBITDA and net income.
2) It also provides details on recent events such as reaching 100% stake in Goldfarb, a share buyback program, back office integration, and a rating reaffirmation.
3) Additional sections give further breakdowns of operational highlights for sales, including contracted sales by segment and quarter, sales speed from project launches, and inventory figures.
Tennant Company presented its investor presentation for November 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, with $812 million in revenue. It also outlined Tennant's growth strategies, which include expanding into new markets and verticals, delivering a strong product pipeline, and improving margins. Tennant believes these strategies can help it achieve its goal of $1 billion in revenue while maintaining an operating profit margin above 12%.
Market Research Report : Dairy market in china 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The report begins with an introduction section which comprises an illustration of the dairy sector including various forms of milk and their usage. This is followed by the market overview of dairy market in China, providing details on the series of changes that has been experienced by the market. The section provides some of the trends that the Chinese dairy market is expected to realize, along with the industry size in terms of growth of fluid milk production, consumption and distribution. The report also mentions the growth in production, consumption and distribution of whole milk powder and non-fat dry milk. Consistent average price of milk and growth in number of dairy cows are also given. This section offers a better understanding of the overall Chinese dairy market.
The report provides detailed information about the exports and imports of dairy products. It provides country-wise import and export for the year 2010. Import and export data provided are both in terms of value and volume.
Factors driving the growth of dairy market in China are also explained in detail. Huge consumer base, enhancement of national dairy herd, demonstration effect of FDI on dairy farms, increasing health consciousness, untapped market potential and growing retail network are providing growth opportunities for the dairy market.
Players operating in the market also face challenges which are impeding their development and growth. Major challenges identified are diseconomies of scale, market and farm disorders, lack of infrastructure in lower tier cities, rise in costs for imported feed, comparatively low animal productivity and contamination.
The report also presents the various government policies and subsidies which cater to the Chinese dairy sector. It also gives a brief idea about the several regulations on country’s import and export alongwith the latest dairy safety standards.
Emerging trends in the dairy market include industrialization, emerging pediatric milk formula market, rising popularity of flavored milk, packs of varying sizes and growth of UHT milk.
The competition section outlays the competitive landscape of dairy industry in China briefing about the domestic and foreign players existing in the market. This section provides a ranking of the players based on revenue and profits followed by a three-dimensional analysis of key players’ revenues, profits and market capitalization. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance, business highlights and their product portfolio, providing an insight into the existing competitive scenario.
Key takeaway section summarizes the entire market in terms of opportunities, trends and challenges persisting in the dairy market in China.
1) The company reported contracted sales of R$1,174.2 million in 2011, stable compared to 2010 despite fewer new launches. Sales from inventory were R$1.07 billion or 91.1% of contracted sales.
2) In 4Q11, the company launched new projects totaling R$436.1 million in potential sales value, including a project in São Paulo's Jardim Sul neighborhood.
3) The company provided an update on the status of several construction sites for projects launched between 2007-2011, noting levels of progress from foundation to finishing work.
Spread & Ill effects of Smoking: A statistical & Infographical approachDhiraj Jhunjhunwala
1) The document is a research paper on the spread and ill-effects of smoking with a statistical and infographic approach. It includes an introduction, methodology, findings with statistics and graphs, data analysis, and conclusion.
2) The findings section shows statistics on men vs women smokers in India, world smoking statistics, graphs on smoking rates by age and cancer risk by cigarettes smoked. India has over 12 million female smokers, the highest of any country.
3) The data analysis notes the increased cancer risk with higher smoking consumption. India ranks 2nd in the world for smoking rates. Smoking causes the highest economic losses globally compared to terrorism.
How to Write A Research Paper? - Useful Tips For Successful Academic WritingAlina Stepanova
Academic writing is a style of writing that makes your work easier to read and understand. No matter how well versed you are with grammar, punctuation and other areas that come into play for writing papers, making a mistake with the content hurts your overall academic writing.
The purpose of academic writing is to make your work clear and understandable to whoever is reading and/or evaluating it. Another important part of academic writing is ensuring that your work is fully and correctly referenced. The tips in Research Leap Manual on Academic Writing contain practical methods of creating an academic paper which your readers will easily follow. With this guide, you will learn how to:
Choose a topic
Think (brainstorm)
Build an organized text
Write good introduction, thesis, body and conclusion parts
Format your writing
Reference your work
Get expert academic writing tips straight to your inbox, and become a better academic writer. Download our PDF manual right now from the attachment.
Your comment and feedback are highly appreciated. To receive other tips and manuals, and to expand your research network and access research opportunities, join us on Linked In or FB.
The document summarizes the key components and functions of the human digestive system. It describes the main organs that make up the digestive tract, including the mouth, esophagus, stomach, small intestine, large intestine, rectum, liver, gallbladder and pancreas. It explains the basic functions of these organs in digesting and absorbing nutrients from food. The summary also highlights some healthy habits to support digestion, such as eating high-fiber foods, drinking water, chewing food well and avoiding high-fat foods.
This document provides statistics on recreational boating accidents and casualties in the United States in 2012. Some key findings include: there were 4,515 accidents resulting in 651 deaths and 3,000 injuries, with operator inattention and inexperience being leading contributing factors. Nearly 71% of fatalities were from drowning, and 85% of drowning victims were not wearing a life jacket. The number of accidents, deaths, and injuries all decreased compared to 2011. Common vessel types involved were open motorboats, personal watercraft, and cabin motorboats.
The document provides an overview of common athletic injuries, their causes, signs and symptoms, and basic treatment approaches. It discusses different types of forces that can cause injuries, classifications of acute versus overuse injuries, and examples of fractures and dislocations. It also covers evaluation, immobilization techniques, inflammation control, wound care, common emergencies, and suturing wounds.
The document discusses the Gospel of John and the identity of Jesus Christ. It aims to provide an understanding of who Jesus is through analyzing key passages in John. Some main points made include:
1) Jesus is revealed as the Word/Logos who was with God in the beginning and through whom all things were created.
2) Jesus, as the Word made flesh, came to declare God and make the invisible God known to humanity.
3) Having the Holy Spirit is essential for believers as it is the source of spiritual life and allows people to live as God.
4) Mary recognized Jesus' divine authority, calling him the "whatsoever" God who can use whatsoever to accomplish His purposes
Black women/moms are culturally distinctive. Culture plays an important role in how she perceives herself, how she parents, and how she connects with brands.
The document summarizes statistics from the 2010 AAUP Annual Meeting. It provides data on university presses from 2009 including: total net sales of $255.8 million (a 10.5% decrease from 2008); average number of titles published per press was 118; total operating expenses were $218.6 million or 85.4% of net sales; and parent institution support was 8.7% of net sales. It also shows breakdowns of statistics by press sales groups and trends over multiple years.
This document provides tips for successfully preparing for and conducting a "meet and greet" (M&G). It recommends doing research on companies and roles beforehand. It then gives advice on practicing introductions, asking open questions, and preparing pitches about one's skills and goals. The document includes examples of practice conversations and feedback sessions to refine these skills before M&Gs. It stresses following up after M&Gs by being professional and honest in interactions.
Getting reports and websites to the top of search enginesSusan Anderson
The document discusses best practices for optimizing search engine rankings for reports and websites. It recommends including descriptive titles, metadata tags, hyperlinks, and external backlinks to help search engines understand and index content. Following these practices, such as adding a descriptive title and metadata to both a PDF report and its webpage, can significantly increase search ranking.
This document discusses different methods of assessment used in education. It defines evaluation as determining if educational objectives have been achieved. The aims of evaluation are selection of top students, assessing learner needs, providing feedback, and determining competence. Evaluation tools should be relevant, valid, objective, and feasible. Types of evaluation include essays, short answer questions, multiple choice questions, and practical exams. Guidelines are provided for writing effective essay questions, short answer questions, and multiple choice questions as assessment tools. The document emphasizes the importance of involving learners in the evaluation process to enhance learning.
Beginning November 10, 2014, all individuals operating motorized vessels in Hawaii's state waters must have a boating safety certification. A 2007 study showed states with mandatory boating education had the lowest boating fatality rates. Hawaii had the fifth highest fatality rate in the study and the second highest in 2011. The new rule aims to improve water safety similar to licensing requirements for driving. Acceptable boating safety courses must be approved by NASBLA and Hawaii. A variety of online, home study, and classroom courses will be available to meet the requirements.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
- Monsanto's biotech pipeline is progressing with two projects advancing from Phase 3 to Phase 4 and one project added in sugarcane, accelerating expansion.
- Key yield and stress products are advancing, including drought tolerant corn moving into Phase 4 and higher yielding soybeans into Phase 3.
- Final yield trials show DEKALB corn outyielding competitors with an average 3-year advantage of 11.5 bushels per acre, reinforcing DEKALB's yield leadership.
- New 2009 Deltapine cotton varieties provide greater value to growers, outperforming competitors and existing varieties by 5-12% across regions.
Monsanto's biotech pipeline is progressing with several projects advancing phases or being added. Key projects include drought tolerant corn moving into Phase 4 and higher yielding soybeans in Phase 3. Roundup Ready 2 Yield soybeans were launched and YieldGard VT Pro is in demonstration. Final yield trials show DEKALB corn outperforming competitors. New 2009 Deltapine cotton varieties provide greater value than existing varieties and competition. Roundup Ready 2 Yield soybeans are anticipated by farmers due to expected step change in yields.
Spread & Ill effects of Smoking: A statistical & Infographical approachDhiraj Jhunjhunwala
1) The document is a research paper on the spread and ill-effects of smoking with a statistical and infographic approach. It includes an introduction, methodology, findings with statistics and graphs, data analysis, and conclusion.
2) The findings section shows statistics on men vs women smokers in India, world smoking statistics, graphs on smoking rates by age and cancer risk by cigarettes smoked. India has over 12 million female smokers, the highest of any country.
3) The data analysis notes the increased cancer risk with higher smoking consumption. India ranks 2nd in the world for smoking rates. Smoking causes the highest economic losses globally compared to terrorism.
How to Write A Research Paper? - Useful Tips For Successful Academic WritingAlina Stepanova
Academic writing is a style of writing that makes your work easier to read and understand. No matter how well versed you are with grammar, punctuation and other areas that come into play for writing papers, making a mistake with the content hurts your overall academic writing.
The purpose of academic writing is to make your work clear and understandable to whoever is reading and/or evaluating it. Another important part of academic writing is ensuring that your work is fully and correctly referenced. The tips in Research Leap Manual on Academic Writing contain practical methods of creating an academic paper which your readers will easily follow. With this guide, you will learn how to:
Choose a topic
Think (brainstorm)
Build an organized text
Write good introduction, thesis, body and conclusion parts
Format your writing
Reference your work
Get expert academic writing tips straight to your inbox, and become a better academic writer. Download our PDF manual right now from the attachment.
Your comment and feedback are highly appreciated. To receive other tips and manuals, and to expand your research network and access research opportunities, join us on Linked In or FB.
The document summarizes the key components and functions of the human digestive system. It describes the main organs that make up the digestive tract, including the mouth, esophagus, stomach, small intestine, large intestine, rectum, liver, gallbladder and pancreas. It explains the basic functions of these organs in digesting and absorbing nutrients from food. The summary also highlights some healthy habits to support digestion, such as eating high-fiber foods, drinking water, chewing food well and avoiding high-fat foods.
This document provides statistics on recreational boating accidents and casualties in the United States in 2012. Some key findings include: there were 4,515 accidents resulting in 651 deaths and 3,000 injuries, with operator inattention and inexperience being leading contributing factors. Nearly 71% of fatalities were from drowning, and 85% of drowning victims were not wearing a life jacket. The number of accidents, deaths, and injuries all decreased compared to 2011. Common vessel types involved were open motorboats, personal watercraft, and cabin motorboats.
The document provides an overview of common athletic injuries, their causes, signs and symptoms, and basic treatment approaches. It discusses different types of forces that can cause injuries, classifications of acute versus overuse injuries, and examples of fractures and dislocations. It also covers evaluation, immobilization techniques, inflammation control, wound care, common emergencies, and suturing wounds.
The document discusses the Gospel of John and the identity of Jesus Christ. It aims to provide an understanding of who Jesus is through analyzing key passages in John. Some main points made include:
1) Jesus is revealed as the Word/Logos who was with God in the beginning and through whom all things were created.
2) Jesus, as the Word made flesh, came to declare God and make the invisible God known to humanity.
3) Having the Holy Spirit is essential for believers as it is the source of spiritual life and allows people to live as God.
4) Mary recognized Jesus' divine authority, calling him the "whatsoever" God who can use whatsoever to accomplish His purposes
Black women/moms are culturally distinctive. Culture plays an important role in how she perceives herself, how she parents, and how she connects with brands.
The document summarizes statistics from the 2010 AAUP Annual Meeting. It provides data on university presses from 2009 including: total net sales of $255.8 million (a 10.5% decrease from 2008); average number of titles published per press was 118; total operating expenses were $218.6 million or 85.4% of net sales; and parent institution support was 8.7% of net sales. It also shows breakdowns of statistics by press sales groups and trends over multiple years.
This document provides tips for successfully preparing for and conducting a "meet and greet" (M&G). It recommends doing research on companies and roles beforehand. It then gives advice on practicing introductions, asking open questions, and preparing pitches about one's skills and goals. The document includes examples of practice conversations and feedback sessions to refine these skills before M&Gs. It stresses following up after M&Gs by being professional and honest in interactions.
Getting reports and websites to the top of search enginesSusan Anderson
The document discusses best practices for optimizing search engine rankings for reports and websites. It recommends including descriptive titles, metadata tags, hyperlinks, and external backlinks to help search engines understand and index content. Following these practices, such as adding a descriptive title and metadata to both a PDF report and its webpage, can significantly increase search ranking.
This document discusses different methods of assessment used in education. It defines evaluation as determining if educational objectives have been achieved. The aims of evaluation are selection of top students, assessing learner needs, providing feedback, and determining competence. Evaluation tools should be relevant, valid, objective, and feasible. Types of evaluation include essays, short answer questions, multiple choice questions, and practical exams. Guidelines are provided for writing effective essay questions, short answer questions, and multiple choice questions as assessment tools. The document emphasizes the importance of involving learners in the evaluation process to enhance learning.
Beginning November 10, 2014, all individuals operating motorized vessels in Hawaii's state waters must have a boating safety certification. A 2007 study showed states with mandatory boating education had the lowest boating fatality rates. Hawaii had the fifth highest fatality rate in the study and the second highest in 2011. The new rule aims to improve water safety similar to licensing requirements for driving. Acceptable boating safety courses must be approved by NASBLA and Hawaii. A variety of online, home study, and classroom courses will be available to meet the requirements.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
- Monsanto's biotech pipeline is progressing with two projects advancing from Phase 3 to Phase 4 and one project added in sugarcane, accelerating expansion.
- Key yield and stress products are advancing, including drought tolerant corn moving into Phase 4 and higher yielding soybeans into Phase 3.
- Final yield trials show DEKALB corn outyielding competitors with an average 3-year advantage of 11.5 bushels per acre, reinforcing DEKALB's yield leadership.
- New 2009 Deltapine cotton varieties provide greater value to growers, outperforming competitors and existing varieties by 5-12% across regions.
Monsanto's biotech pipeline is progressing with several projects advancing phases or being added. Key projects include drought tolerant corn moving into Phase 4 and higher yielding soybeans in Phase 3. Roundup Ready 2 Yield soybeans were launched and YieldGard VT Pro is in demonstration. Final yield trials show DEKALB corn outperforming competitors. New 2009 Deltapine cotton varieties provide greater value than existing varieties and competition. Roundup Ready 2 Yield soybeans are anticipated by farmers due to expected step change in yields.
Monsanto's biotech pipeline is progressing with several projects advancing phases or being added. Key projects include drought tolerant corn moving into Phase 4 and higher yielding soybeans in Phase 3. Roundup Ready 2 Yield soybeans were launched and YieldGard VT Pro is in demonstration. Final yield trials show DEKALB corn outperforming competitors. New 2009 Deltapine cotton varieties provide greater value than existing varieties and competition. Roundup Ready 2 Yield soybeans are anticipated by farmers due to expected step change in yields.
The document provides an overview of Monsanto's R&D pipeline and progress. Some key points:
1) Monsanto's biotech pipeline is accelerating, with 6 projects advancing phases and 2 new projects added in the past year. Progress is being made on critical drought-tolerant corn and higher-yielding soybeans.
2) The company's investment in breeding continues to yield results, with improvements made to germplasm bases across crops.
3) Guidance for fiscal year 2009 supports a 20%+ growth rate over 2008, with ongoing earnings per share expected to grow 20-24% and free cash flow to exceed $1.8 billion.
The document summarizes key information about Suzano Pulp and Paper's Paper Business Unit. It discusses Suzano's leadership position in the Brazilian paper market, with a production capacity of 1.1 million tons per year. It notes that more than 90% of Suzano's paper production is integrated with its pulp production. This provides operational synergies and helps hedge against cyclical pulp price fluctuations. The Paper Business Unit supplies approximately 400 clients, with 300 located in Brazil, and has 10 paper machines across 5 production plants.
The document provides an overview of Suzano Pulp and Paper's paper business unit. It notes that global paper demand growth from 2008-2015 is projected to be 2.2% per year, with printing and writing growing at 1.8% per year and paperboard growing at 2.3% per year. Brazil and Latin America are highlighted as Suzano's main markets, with economic growth and improvements in education expected to drive above-average paper demand growth of 4.1% per year from 2010-2014 in the region. Suzano has a competitive advantage in these markets due to geographic proximity, lower logistics costs, and shorter lead times.
Financial results for Q2 2011 showed continued solid performance year-over-year. Operating profit increased 7% despite cost inflation and unfavorable exchange rates, offset by higher sales prices. The balance sheet and liquidity remained strong. Demand was mixed across different paper grades. Prices remained stable while costs are expected to increase 4% for the year. Uncertainty in European markets is increasing in the current quarter. Productivity and flexibility increased through focus on pricing over volumes and reducing fixed costs. Net debt to EBITDA improved strongly year-over-year.
The document provides an overview of Suzano Pulp and Paper, including its business units and growth strategy. Some key points:
- Suzano is the second largest eucalyptus pulp producer and a leader in the regional paper market in Brazil.
- It has a diversified portfolio of printing/writing papers, coated papers, paperboard, and market pulp. 57% of revenue comes from exports.
- Suzano's production capacity has increased 130% in the last 5 years and it is preparing for a new growth cycle to reach 7.2 million tons/year of pulp and paper.
- The company has a sustainable forestry operation based on renewable eucalyptus plantations
The document summarizes key aspects of Suzano Pulp and Paper's Paper Business Unit. It notes that the unit has a production capacity of 1.1 million tons per year across 5 plants and 10 paper machines. It has strong brands in the Brazilian market and leadership positions in printing & writing and white paperboard in South America. The unit sells predominantly in Brazil and Latin America, with those markets representing around 70% of total sales.
This document provides an overview of Suzano Pulp and Paper, including:
1) Suzano is the second largest eucalyptus pulp producer and one of the top 10 market pulp producers, as well as a leader in the regional paper market.
2) It has a diversified portfolio of printing/writing papers, market pulp, and paperboard, with 57% of revenue from exports.
3) Suzano is undertaking a new growth cycle to increase its pulp and paper capacity by 130% to 5.9 million tons per year through projects in Piauí and Maranhão.
4) The presentation discusses Suzano's business units, operations, management model,
BRMALLS is the largest shopping mall company in Brazil with a nationwide presence and targeting all income segments. It has 45 regional malls totaling 1.4 million square meters of GLA, making it the largest mall owner and operator in Brazil. The presentation outlines BRMALLS' strong growth through acquisitions, organic expansion of existing malls, and new developments. Financial highlights show rising revenues, occupancy rates, and returns through same store sales growth and rent increases above inflation. The company sees continued opportunities for consolidation in the fragmented Brazilian mall market.
MeadWestvaco reported financial results for the fourth quarter and full year of 2007. For the full year, sales increased 6% to $6.9 billion and business segment profit rose 7% to $584 million. The company sold non-strategic forestlands, completed a $400 million share buyback, and strengthened its global packaging platform. Input costs increased significantly but the company implemented price increases across all major grades to offset these costs. For the fourth quarter, sales rose 4% while business segment profit declined 3% due to higher input costs and weaker demand in some segments.
MeadWestvaco reported financial results for the fourth quarter and full year of 2007. For the full year, sales increased 6% to $6.9 billion and business segment profit rose 7% to $584 million. The company sold non-strategic forestlands, completed a $400 million share buyback, and strengthened its global packaging platform. Input costs increased significantly but the company implemented price increases across all major grades to offset these costs. For the fourth quarter, sales rose 4% while business segment profit declined 3% due to higher input costs and weaker demand in some segments.
The document discusses Suzano Pulp and Paper's corporate overview, including its ownership and management structure, diversified product portfolio, growth strategy, and focus on sustainability and operational excellence. Key points include that Suzano is the 2nd largest eucalyptus pulp producer globally and a leader in the regional Brazilian paper market. The company has embarked on a new growth cycle to increase its pulp and paper capacity to 5.9 million tons per year. Suzano has a balanced portfolio across different paper, pulp, and paperboard products and 57% of its revenue comes from exports.
Tennant Company reported earnings for the second quarter of 2015. Key points include:
- Consolidated net sales were $215.4 million, up nearly 4% organically over the prior year.
- Earnings were $0.79 per diluted share.
- Growth was led by strong strategic account sales in North America and new products.
- The company reaffirmed its 2015 EPS guidance of $2.40 to $2.70 per share.
CPFL Energia is a leading private electricity company in Brazil. In the first nine months of 2004, it had net revenues of over R$5 billion and EBITDA of R$1.1 billion. It operates in distribution, commercialization, and generation of electricity, with distribution making up the largest portion of its EBITDA. CPFL Energia is focusing on reducing debt levels and increasing investments in generation projects to drive future growth.
Bill Stankeiwicz Copy Scope 2010 Pentair CompanyBillStankiewicz
The document discusses lean material flow in production operations. It provides an overview of Pentair, a global manufacturer, and their lean management system called PIMS. PIMS focuses on reducing waste through seven lean transformation disciplines including material flow. Effective material flow management can improve on-time delivery, costs, productivity and more. The document outlines Pentair's approach to material flow including developing a plan for every part, creating a single purchased parts supermarket, and designing a 3-year plant flow plan to eliminate forklifts except at docks.
The Clorox Company reported sales growth for various business segments in fiscal years 2005 and 2006:
- Laundry/Home Care sales increased 5% in FY05 driven by volume growth and price increases, and increased 5% YTD FY06.
- Water Filtration/Canada/U.S. sales declined 1% in FY05 but increased 3% YTD FY06, with higher Canada and trade spending offsetting lower Auto and Brita volumes.
- Bags & Wraps sales grew 15% in FY05 on favorable product mix and pricing, and increased 12% YTD FY06.
- Total Clorox sales increased 5% in FY05
SCA creates value by fulfilling the needs of customers and consumers in a spirit of innovation, through continuous efficiency enhancements and with a clear desire to contribute to sustainable development. The Group develops, produces and markets personal care products, tissue, packaging, publication papers and solid-wood products, and has sales in more than 100 countries. In 2010, SCA had annual sales of SEK 109bn and about 45,000 employees.
http://www.sca.com
- The presentation is an investor presentation for a Brazilian pulp and paper company that is a market leader in its industry.
- It highlights the company's low-cost production, solid growth strategy, and strong management team.
- The company has a large land base for eucalyptus plantations and uses cutting-edge technologies and forest management practices to improve forest productivity over time.
Similar to Schweitzer-Mauduit International, Inc. 05/06/10 Investor Presentation (20)
Histololgy of Female Reproductive System.pptxAyeshaZaid1
Dive into an in-depth exploration of the histological structure of female reproductive system with this comprehensive lecture. Presented by Dr. Ayesha Irfan, Assistant Professor of Anatomy, this presentation covers the Gross anatomy and functional histology of the female reproductive organs. Ideal for students, educators, and anyone interested in medical science, this lecture provides clear explanations, detailed diagrams, and valuable insights into female reproductive system. Enhance your knowledge and understanding of this essential aspect of human biology.
Travel vaccination in Manchester offers comprehensive immunization services for individuals planning international trips. Expert healthcare providers administer vaccines tailored to your destination, ensuring you stay protected against various diseases. Conveniently located clinics and flexible appointment options make it easy to get the necessary shots before your journey. Stay healthy and travel with confidence by getting vaccinated in Manchester. Visit us: www.nxhealthcare.co.uk
Integrating Ayurveda into Parkinson’s Management: A Holistic ApproachAyurveda ForAll
Explore the benefits of combining Ayurveda with conventional Parkinson's treatments. Learn how a holistic approach can manage symptoms, enhance well-being, and balance body energies. Discover the steps to safely integrate Ayurvedic practices into your Parkinson’s care plan, including expert guidance on diet, herbal remedies, and lifestyle modifications.
Muktapishti is a traditional Ayurvedic preparation made from Shoditha Mukta (Purified Pearl), is believed to help regulate thyroid function and reduce symptoms of hyperthyroidism due to its cooling and balancing properties. Clinical evidence on its efficacy remains limited, necessitating further research to validate its therapeutic benefits.
One health condition that is becoming more common day by day is diabetes.
According to research conducted by the National Family Health Survey of India, diabetic cases show a projection which might increase to 10.4% by 2030.
Rasamanikya is a excellent preparation in the field of Rasashastra, it is used in various Kushtha Roga, Shwasa, Vicharchika, Bhagandara, Vatarakta, and Phiranga Roga. In this article Preparation& Comparative analytical profile for both Formulationon i.e Rasamanikya prepared by Kushmanda swarasa & Churnodhaka Shodita Haratala. The study aims to provide insights into the comparative efficacy and analytical aspects of these formulations for enhanced therapeutic outcomes.
Osteoporosis - Definition , Evaluation and Management .pdfJim Jacob Roy
Osteoporosis is an increasing cause of morbidity among the elderly.
In this document , a brief outline of osteoporosis is given , including the risk factors of osteoporosis fractures , the indications for testing bone mineral density and the management of osteoporosis
2. Key Investment Highlights
• #1 Global position in cigarette paper and reconstituted tobacco products
• Deep customer penetration and longstanding relationships with western
multinational cigarette companies spanning over 50 years
– Market presence in China for 16 years
• Superior product portfolio featuring high value products
• Regulatory backdrop driving strong growth prospects for “safer” cigarettes
• Executed Asian expansion initiatives with additional opportunities on horizon
• Successfully restructured manufacturing operations driving improved
efficiency and profitability in higher cost regions
• Seasoned management team with over 100 years of industry & manufacturing
experience
2
3. Schweitzer-Mauduit Profile – Financial Highlights
(Amounts in Millions, Except Per Share
Amounts) 1Q10 1Q09
Net Sales $193.0 $184.1
Net Income (1) $18.6 $13.3
Net Income (2) $21.8 $13.5
Adjusted EBITDA (2) $41.7 $30.7
Cash from Operations $31.4 $11.8
Diluted Earnings
per share (2) $1.19 $0.88
Total Assets $771.5 $688.2
Net Debt $(21.3) $158.4
(1) Includes restructuring and impairment
(2) Excludes restructuring and impairment
3
4. Agenda
Overview of Schweitzer-Mauduit
Successfully Restructured Operations
Reconstituted Tobacco Leaf (RTL)
Low Ignition Propensity Tobacco Paper
Financial Review
4
5. Corporate Overview
• Founded in 1545, Schweitzer-Mauduit International’s (“SWM” or the “Company”) strategic focus
has been on cigarette papers since the early 1900s
• Became a public company in December 1995 through a spin-off by Kimberly-Clark Corporation
• Market leadership in tobacco-related specialty paper products
– Leading manufacturer of lower ignition propensity (“LIP”) cigarette paper
– Sole independent pioneer of reconstituted tobacco leaf (“RTL”) products
• Global Presence – Sales to 90 Countries Worldwide
Operation Sites RTL Expansion Opportunities (Asia)
5
6. Management Strategy to Deliver Growth
Leading Global Manufacturer of Fine Papers and Related Products for the
Tobacco Industry
Complete rationalization Continue to upgrade Focus on growth
of base paper and expand through high value
manufacturing profile operations in Asia products & technology
• Finalize restructuring • Establish China paper • Expand sales of RTL
activities in France and the JV as technology leader products through new
U.S. by 2010 on domestic premium production capacity and
brands increased market
• Optimize cost structure penetration in Asia
through repositioned • Develop new Philippines
RTL facility
manufacturing footprint • Capitalize on regulatory
– Company-wide commitment
• Create new China JV to requirements for high
to operational excellence
expand RTL capabilities growth LIP papers
in the region
– Shift production to lower cost
regions
6
7. Substantial Market Growth Prospects Globally
World Cigarette Production by
Global Cigarette Consumption: Geography in 2009
• World-wide cigarette consumption estimated La t in A m er ica Ot h er
5% 4%
at 6.2 trillion units Nor t h A m er ica
6%
– Growing 0.5% to 1.0% annually W est er n Eu r ope Ch in a
11%
• Market shifting from the West to the East 37%
– Asia growing 2.5% to 3.0% annually Ea st er n Eu r ope
A sia Pa cific
15%
6,000 90% 22%
80%
5,000
70% SWM Sales by Geography in 2009 1
La t in
% of Production
4,000 60%
A m er ica , Ot h er , 3 %
Million Units
50% 7%
3,000
40% A sia /Pa cific, 1 1 %
W est er n
2,000 30%
Eu r ope,
20% 31 %
1,000 Ch in a , 9 %
10%
0 0%
Nor t h A m er ica ,
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Ea st er n Eu r ope, 29%
1 0%
Production Developed Countries Production Developing Countries
1
% Developed Countries % Emerging Countries Total sales include $ 740 mm for SWM and $32 mm
for its unconsolidated joint venture, CTM
SWM Strategy is to Target High Growth
Source: SWM management Developing Markets
7
8. Full Line of High Value Tobacco-Related Products
• Performance critical to high-speed, low-
cost cigarette manufacturing Tipping Plug Wrap
Paper Paper
– Runability
– Consistency
• Premium product quality drives
longstanding customer relationships
Cigarette
– Seamless integration with leading global Paper
customers’ operations
Reconstituted
• Technology and research and Tobacco
development efforts support high-value
product applications
– Taste
– Reduced tar, carbon monoxide and nicotine
delivery
– Lower ignition propensity
8
9. Full Range of Specialty Tobacco Products
Product Type Commentary
Reconstituted Tobacco Manufactured from tobacco by-products
Leaf Used in cigarette design to provide unique brand taste
Lower cost than natural tobacco
Benefitting from regulatory change
Lower Ignition Propensity Controls rate of cigarette combustion by slowing air flow
Paper High growth due to regulatory-mandated adoption
European, Australia and likely other Asian countries to adopt
through 2012
Base Paper Key to provide full range of products to largest, multinational
- Cigarette Paper customers
- Plug Wrap More competitive environment due to declining demand in
- Tipping Paper developed world
- Non-tobacco products
SWM restructuring activities focused on maximizing efficiency,
reducing costs and shifting capacity towards growth in Asia
9
10. Leading Global Provider of Cigarette Paper & Related Products
• Sole independent RTL manufacturer globally
• Leading manufacturer of LIP and only producer of both proven technologies
Global Positioning: Tobacco Paper 1
Julius Miguel y
Key Products SWM Delfort
Glatz Costas
Miguely Costas
(Spain) Other
RTL 8% 10%
SWM²
Cigarette Paper (U.S.)
(LIP) Julius Glatz 36%
(Germany)
12%
Cigarette Paper
(Wood, Flax)
Delfort (Austria)
Plug Wrap 34%
(Porous,
Conventional)
Tipping Paper
(Base, Note: Circles to left reflect relative estimated market strength by product
Finished) Source: Company filings, SWM management
1
Market share by volume, excluding China
2
Non-tobacco SWM volumes exclude production from its facilities in France (LTR and
Malaucène)
(% of Net <10% >50% <10% >20%
Sales) 10
11. Strong Relationships with Leading Global Players
• Top six customers account for approximately 80% of the global market (incl. China)
– Relationships averaging over 50 years among six leading western multinational customers
2009 Global Cigarette Production (Units) SWM 2009 Sales by Customer (US $)1
Philip Morris Philip Morris
International Philip Morris USA International
1 4% 3% Other 1 8%
Other
3 0%
2 0%
BAT Philip Morris
11% USA
11%
China BAT
Im perial
3 8% 1 4%
5% China
8%
Japan Tobacco Im perial
9% 8% Japan Tobacco
11%
Source: SWM management
1 Sales include SWM’s $740 mm and its unconsolidated joint venture, CTM’s, sales of $32 mm
11
12. Strong Intellectual Patent Protection
Extensive and Expanding Patent Portfolio
• 150 patents granted (80 patents pending) (1)
– Covers cigarette Papers, RTL and cigar wrapper/binder products/processes
Industry-Leading LIP Patent Protection
• 59 patents plus 18 patents pending and 261 Independent Claims covering LIP
– Patent portfolio provides first-mover advantage and significant barriers to
entry
– Establishes SWM as the world's leading independent producer of papers
used for LIP cigarettes
– Covers all major components of LIP production: smoking article, wrapper
and process
• Smoking article = 78 Independent Claims in 32 countries
• Wrapper = 84 Independent Claims in 32 countries
• Process = 99 Independent Claims in 30 countries
– Patent life exclusivity expiring 2017 through 2022
12
(1) As of 12/31/09
13. Agenda
Overview of Schweitzer-Mauduit
Successfully Restructured Operations
Reconstituted Tobacco Leaf (RTL)
Low Ignition Propensity Tobacco Paper
Financial Review
13
14. Significant Base Paper Turnaround Implemented
SWM Restructuring Cash Costs & Benefits
• Significant transformation and improvement
$40
executed in base paper manufacturing profile:
37
$35 35
• Over $67 million in one-time cash costs invested
– Additional $50 million of non-cash one-time costs
31
$30 • $35 million run-rate operating income benefit
– $17 million realized in 2009
$25
• Base papers restored to profitability in 2009
$ Millions
$20 • Restructuring implemented in France and the
Americas due to excess manufacturing capacity
15.3 17
$15 – PDM (France) shutdown 3 paper machines
10.2 12 11 – Lee (U.S.) shut down facility
$10
– Brazil restructured – exited coated papers
4.8 – Transferred paper production from U.S. to Brazil
$5
– Malaucène (France) closing facility
$0
– France – announced general staff reduction
2006 2007 2008 2009 2010e 2011e – Spotswood (U.S.) shutting down paper machine
Cash Restructuring Costs Operating Profit Benefit
Source: SWM management 14
15. Agenda
Overview of Schweitzer-Mauduit
Successfully Restructured Operations
Reconstituted Tobacco Leaf (RTL)
Low Ignition Propensity Tobacco Paper
Financial Review
15
16. RTL Represents a Key Long-Term Growth Driver
• Today SWM accounts for over 50% of global RTL
production Global RTL Market Positioning (ex. China)
– SWM’s expects market share to grow with Asia expansion
• RTL represents 10-15% of the tobacco blend of KTG
American cigarettes 7%
Japan
Tobacco
• Global RTL demand of approximately 150K tons (ex. 11%
China), growing ~ 3% per year
Philip Morris SWM
– 80% of RTL consumption in North America and Europe USA 53%
11%
– 70K tons used in China – 150K tons by 2015 will drive
long-term growth (up from zero in 2004)
Reynolds
– Robust growth to be driven by all of Asia 17%
• Regulatory efforts to reduce tar / nicotine delivery in
cigarettes drives demand
– Chinese government currently working to reduce tar /
nicotine levels – efforts will effectively double market Total: 150K MT
• Phased into tobacco blends very slowly by cigarette
manufacturers
Source: SWM management
16
17. Overview of the Reconstituted Tobacco Process
Key Benefits Tobacco By-
Products Water
• Batch process for each tobacco
blend (e.g. Marlboro)
• RTL adds consistency, flavor
and other key attributes for
cigarette manufacturers
Separation
• Reduced total cost for cigarette
production by off-setting new
tobacco cost Fibrous Soluble
Portion Portion
• SWM acts only as a tolling agent
in the process
Web formation Concentration
– SWM does not take on
product ownership and
maintains no raw material
cost risk
Reconstituted tobacco
Similar manufacturing process to paper products creates a uniform high quality
product for customers
17
18. Significant Strategic Advantages in RTL
• SWM is the sole independent RTL manufacturer globally
– Limited competition from “in-house” producers drives highly attractive
market share
• Growth prospects better than broader cigarette paper market and
exceed cigarette production growth
– Attractive growth prospects for RTL in Asian markets through SWM’s
planned projects in the Philippines and China
– Beneficial global regulatory changes in process
• Attractive margins, given RTL is essentially a tolling operation
18
19. Opportunities to Expand the RTL Franchise Globally
SWM RTL Supply Outlook • Philippines project an estimated $117
140,000 million investment
– Production to begin in late 2011
120,000 – Potential $65 - $70 million annual
revenue
100,000
– Run-rate operating profit margins
exceeding 40%
– >20% project rate of return
80,000
Metric Tons
• China Joint Venture an estimated $25
60,000 million equity investment
– Total investment estimated at $135 -
$140 million
40,000
– Two-year construction period
20,000
0
11
14
12
13
15
10
08
06
09
05
07
20
20
20
20
20
20
20
20
20
20
20
Base RT L (France) Philippines China JV¹
19
¹ China JV reflects 100% of venture’s projected sales volume
20. Overview of SWM’s Planned RTL Expansion in Asia
• Planned Asian facility additions in the Philippines and China expected to add
approximately 30,000 MT annual RTL capacity each
• Anticipated two-year construction period for each facility – Philippines to finish in 2011
Philippines Facility China Joint Venture
• Driven by demand from multiple leading • Driven by initiation of RTL use in Chinese
customers for second source of RTL production market – robust future growth opportunity
– Agreement reached with Japan Tobacco; pre-sold – Response to Chinese regulatory driven need for RTL
33% of capacity
– Approximately 67% of output to supply two cigarette
– Advanced discussions with second customer ongoing, companies that will be partners in the JV
which would raise pre-sold capacity to ~50%
• Standalone site in Yuxi, Yunnan province
• Standalone site Manila-area industrial park
–China’s largest tobacco region
– Economic development zone
• Estimated $25 million equity investment
• Estimated $117 million investment needed
–Total estimated investment of $135-$140 million
–Financed two-thirds with local debt
20
21. Agenda
Overview of Schweitzer-Mauduit
Successfully Restructured Operations
Reconstituted Tobacco Leaf (RTL)
Low Ignition Propensity Tobacco Paper
Financial Review
21
22. LIP Market a Long-Term “Game Changer” for SWM
• Increasing LIP adoption driven by
governmental regulation
Global LIP Market Development
– Only current viable technology with market (000 metric tons)
acceptance 55
5 0.3
• Represents a high-margin product driven by 50
46.4
technological advantages 45
– Extensive portfolio of SWM patents and trade 40
secrets
35
LIP Volume
• SWM currently produces two approved LIP 30 27 .1
products
25
– Online product developed with Philip Morris
20 17 .6
– Offline product manufactured at Newberry (U.S.)
15
facility and a third party converter
9.4
10
5.5
5 2.5
1.5 1.5
Areas of low air diffusion
0
E
E
E
E
E
08
06
09
05
07
11
14
12
13
10
20
20
20
20
20
20
20
20
20
20
Canada US
Australia / Finland EU
S. Africa / S. Korea
Source: SWM management 22
23. Regulatory Backdrop Favors LIP: Global Adoption
• North American LIP compliance requirements • Australia LIP regulation effective March
now at 100% 2010, Finland in April 2010
• EU nations have initiated LIP regulatory process • South Africa, South Korea and the
– Potentially 2x North American market size Philippines considering regulation
– Likely effective starting in 2011 • Substantial margin improvement potential
Growing Global Commitment to LIP Paper
Regulation in Place Regulation Pending
Source: SWM management
23
24. Agenda
Overview of Schweitzer-Mauduit
Successfully Restructured Operations
Reconstituted Tobacco Leaf (RTL)
Low Ignition Propensity Tobacco Paper
Financial Review
24
25. First Quarter 2010 Financial Highlights
(Amounts in Millions, Except Per Share
Amounts) 1Q10 1Q09
Net Sales $193.0 $184.1
Net Income (1) $18.6 $13.3
Net Income (2) $21.8 $13.5
Adjusted EBITDA (2) $41.7 $30.7
Cash from Operations $31.4 $11.8
Diluted Earnings
per share (2) $1.19 $0.88
Total Assets $771.5 $688.2
Net Debt $(21.3) $158.4
(1) Includes restructuring and impairment
(2) Excludes restructuring and impairment
25
26. SWM Financial Performance Over Time
(US$ in millions)
$142
Adj. Operating Profit Adj. EBITDA
$103
$75 $73
$58 $42
$42 $39 $34
$26
2006 2007 2008 2009 YTD 2010 2006 2007 2008 2009 YTD 2010
Adj. Earnings Per Share Free Cash Flow¹
$4.25
$33
$29
$15
$1.20 $1.19
$0.97 $5
$0.83 $(17)
YTD 2010
2009
2006 2007 2008 2009 YTD 2010 2006 2007 2008
Note: Adjusted financials exclude restructuring and impairment expenses
1
Free cash flow defined as operating cash flow less capital and software spending less dividends.
26
27. Capital Structure & Liquidity Overview
2010 Cash Uses:
• Dividends – $0.15 per quarter (unchanged since second quarter of 1996)
• Capital spending expected to be $105 - $115 million, which includes $60 - $70 million for Philippines RTL
project and $25 million for European LIP projects
• Projected equity injection for China RTL JV of $13 - $20 million
• Restructuring-related severance payments expected to be $35 - $40 million
• Other cash needs expected to be $13 - $20 million (including capitalized software spending)
(US$ in millions) Capital Structure
Amount at
Facility 3/31/2010 Debt Maturity Profile
U.S. Revolver $--
Euro Revolver 34
French Employee Profit Sharing 10
Bank Overdraft 3 $34
Other 2
Total Debt $49
$6 $3
$2 $4
Less: cash $70
2010 2011 2012 2013 2014
Net Debt $(21)
27
Source: Company public filings, SWM management
28. Key Takeaways
• Leading global full-line supplier in the tobacco-related papers industry
• Strong global market position
• Leading position in growing Asian markets
• Focus on high value-added sectors of the market
• Reputation for premium quality and service
• Unique research and development expertise
• History of profitability and earnings
• Strong cash flow and prudent capital structure
• Repositioning through restructuring for future earnings improvement
• Dynamic management team with significant industry experience
28
30. Regulation G
Certain financial measures and comments contained in this presentation
are “non-GAAP” financial measures, specifically measurements which
exclude restructuring expenses. We believe that investors’ understanding
is enhanced by disclosing financial measurements without restructuring
expenses as a reasonable basis for comparison of our ongoing results of
operations.
30
32. Changes in Operating Profit
FY 2008 FY 2009 YTD 2010
Without Without
$ Millions Restructuring As Restructuring
Without
As Reported As Reported Restructuring
and Reported and
and Impairment
Impairment Impairment
Prior Year
$ 17.9 $ 41.9 $ 16.9 $ 39.0 $ 22.8 $ 23.1
Operating Profit
Changes by
Segment
France (10.0) (3.4) 6.6 30.5 2.2 6.6
Brazil (6.4) (3.6) 17.1 13.9 (1.4) (1.4)
United States 14.3 3.0 24.1 31.5 3.6 3.7
Corporate 1.1 1.1 (11.7) (11.7) 1.9 1.9
Operating Profit $ 16.9 $ 39.0 $ 53.0 $ 103.2 $ 29.1 $ 33.9
% Change from
-5.6% -6.9% N.M. N.M. N.M. N.M.
Prior Year
32
33. Profit Comparison
• Operating Profit Comparison (1)
40
$1 .4
35 $0.3
$7 .9 $0.8 $1 .0
30
25 $4.8
$1 .7
$0.1
20
$33.9
15
$23.1
10
5
0
ne
9
0
e
e
ns
s
n
s
n
m
r ic
-0
-1
st
st
t io
ce
io
io
lu
ch
Co
ch
Co
gP
pt
au
ct
sla
Vo
ar
ar
du
or
g
ry
al
n
an
M
rin
M
lli
bs
M
na
Re
Tr
Se
tA
tu
t io
st
ac
cy
&
s
fla
Co
Co
uf
en
ix
In
an
M
rr
d
xe
Cu
m
Fi
on
N
33
(1) Operating profit excludes restructuring and impairment expense.
35. Manufacturing Cost Components – 2009
Labor
28%
Other Wood Pulp
32% 8%
Energy
1 3%
V eg. Fiber D,T,I Chemicals
5% 8% 6%
35
36. Capital Spending
EU LIP
$100
Average
PdM Restructuring
$90
LTRI No. 3
$80
Banded Cigarette Paper
$70
Philippine RTL
$60
s
Brazil #6 PM
illion
$50
M
$40
$30
$20
$10
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010e
36
37. Safe Harbor Statement
• This presentation may contain “forward-looking statements.” All
statements that address operating performance, events or
developments that we expect or anticipate will occur in the future are
forward-looking statements. Caution should be taken not to place
undue reliance on any such forward-looking statements because actual
results may differ materially from the results suggested by these
statements. We undertake no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. In addition, forward looking
statements are subject to certain risks and uncertainties that could
cause actual results to differ materially from our historical experience
and present expectations or projections. These risks and uncertainties
include, but are not limited to, those described in Part I, “Item 1A. Risk
Factors” and elsewhere in our Annual Report on Form 10-K for the
year ended December 31, 2009 and those described from time-to-time
in our periodic and other reports filed with the Securities and
Exchange Commission.
37