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1 January – 31 March 2013
Interim Report
Q1 2013
Macro update
Interim Report Q1 2013 2
 Global economy
 Weak Western Europe 
 Some growth in US
 Good growth in Emerging markets
 Tissue
 Some growth in Europe and North America
 Strong 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
 Demand for publication papers decreased in Western Europe
 Weak demand but improved market balance for solid‐wood products in 
Western Europe
 Improved market balance for kraftliner
April 29, 2013
Interim Report Q1 2013 3
* Excluding exchange rate effects and divestment
** Excluding exchange rate effects
*** Excluding items affecting comparability and exchange rate effects
 Sales growth 20%*
 Hygiene business, 23%**
 Higher volumes
 Acquisitions
 Strong growth in Emerging markets
 Forest Products, ‐7%*
 Lower prices including currency effects
 Divestment
 EBIT increased 25%***
 Acquisitions
 Cost savings
 Higher volumes
 Lower raw material costs
 Operating cash flow increased 5%
Summary
Q1 2013 vs Q1 2012
April 29, 2013
Efficiency programs
Interim Report Q1 2013 4
 Hygiene business cost and productivity program
 Achieved cost savings Q1 2013: SEK 160m
 Annualized cost savings in Q1 2013: EUR 75m
 Total annual cost savings of EUR 300m, full effect in 2015
 Georgia‐Pacific synergies
 Achieved cost savings Q1 2013: SEK 54m
 Annualized cost savings in Q1 2013: EUR 25m
 Total annual cost savings of EUR 125m, full effect in 2016
 Forest Products efficiency program
 Achieved earnings improvement Q1 2013: SEK 35m
 Annualized earnings improvement in Q1 2013: SEK 140m
 Total annual earnings improvement of SEK 1,300m, full effect in 2015
April 29, 2013
Interim Report Q1 2013 5
SEK millions Q1     Q1
unless otherwise stated 2013 2012 Change, % Change, % 
Net sales 22,386 19,490 15 20 **
EBIT* 2,205 1,834 20 25 ***
EBIT margin* (%)  9.8 9.4
Profit before tax* 1,941 1,503 29 34 ***
Earnings per share (SEK)  1.59 1.73   
Operating cash flow 1,862 1,778 5
Debt/Equity ratio 0.51 0.55
*   Excluding items affecting comparability
** Excluding exchange rate effects and divestments
***Excluding items affecting comparability and exchange rate effects
Q1 2013 results
April 29, 2013
Interim Report Q1 2013 6
Group
 Sales decreased 3%*
 EBIT decreased 6%**
Business areas
 Personal Care, EBIT decreased 4%**
• Seasonality effects
 Tissue, EBIT decreased 10%**
• Seasonality effects
 Forest Products, EBIT decreased 19%***
• Lower prices
• Negative currency effects
• Capital gain on forest land transaction
* Excluding exchange rate effects
** Excluding items affecting comparability and exchange rate effects
*** Excluding items affecting comparability
Q1 2013 vs. Q4 2012
Summary
April 29, 2013
Interim Report Q1 2013 7
Q1 2012   Q1 2013
EBIT margin** 10.7%
EBIT** SEKm Q1 2012  Q1 2013
* Excluding exchange rate effects
** Excluding items affecting comparability
*** Excluding items affecting comparability and exchange rate effects
 Sales growth 6% (11%*)
 Incontinence products increased 8%*
 Baby diapers increased 11%*
 Feminine care increased  3%*
 Emerging markets increased 18%*
 EBIT increased 21%** (27%***)
 Higher volumes
 Lower raw material costs
 Cost savings
 Acquisition
6%
6,604
6,241
21%**
810
668
12.3%
SALES SEKm
Personal Care
Q1 2013 vs Q1 2012
April 29, 2013
Interim Report Q1 2013 8
Tissue
Q1 2013 vs Q1 2012
EBIT margin**
EBIT** SEKm
10.6%10.1 %
SALES SEKm Q1 2012   Q1 2013
Q1 2012   Q1 2013
 Sales growth 28% (33%*)
 Consumer tissue increased 35%*
 AFH tissue increased 28%*
 Emerging markets increased 17%*
 EBIT increased by 34%** (40%***) 
 Acquisition
 Higher volumes
 Cost savings
28%
11,630
9,121
34%**
925
1,235
* Excluding exchange rate effects
** Excluding items affecting comparability
*** Excluding items affecting comparability and exchange rate effects
April 29, 2013
 Sales decreased 11% (‐7%*)
 Publication papers, decreased sales
• Lower prices and divestment
 Solid‐wood products, decreased sales
• Lower prices 
• Higher volumes
 Kraftliner, decreased sales
• Lower volumes
• Higher prices
 Pulp, decreased sales
• Lower volumes and prices
 EBIT decreased 22%**
 Lower prices
 Negative currency effects
 Capital gain on forest land transaction
Interim Report Q1 2013 9
‐11%
EBIT margin** 6.0%6.9%
‐22%**
4,248
4,783
257
331
SALES SEKm Q1 2012   Q1 2013
Q1 2012   Q1 2013EBIT** SEKm
* Excluding exchange rate effects and divestment
** Excluding items affecting comparability
Forest Products
Q1 2013 vs Q1 2012
April 29, 2013
Summary
Interim Report Q1 2013 10
 Good sales growth and higher earnings for the hygiene businesses
 Challenging market and currency situation for Forest Products
 Efficiency programs delivering according to plan
 Good cash flow generation
 Divestments of former Georgia‐Pacific units approved by EU
 Laakirchen divestment closed
April 29, 2013
Q&A
Interim Report Q1 2013 11April 29, 2013
SCA Presentation - Interim report for Q1 2013

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SCA Presentation - Interim report for Q1 2013

  • 1. 1 January – 31 March 2013 Interim Report
  • 2. Q1 2013 Macro update Interim Report Q1 2013 2  Global economy  Weak Western Europe   Some growth in US  Good growth in Emerging markets  Tissue  Some growth in Europe and North America  Strong 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  Demand for publication papers decreased in Western Europe  Weak demand but improved market balance for solid‐wood products in  Western Europe  Improved market balance for kraftliner April 29, 2013
  • 3. Interim Report Q1 2013 3 * Excluding exchange rate effects and divestment ** Excluding exchange rate effects *** Excluding items affecting comparability and exchange rate effects  Sales growth 20%*  Hygiene business, 23%**  Higher volumes  Acquisitions  Strong growth in Emerging markets  Forest Products, ‐7%*  Lower prices including currency effects  Divestment  EBIT increased 25%***  Acquisitions  Cost savings  Higher volumes  Lower raw material costs  Operating cash flow increased 5% Summary Q1 2013 vs Q1 2012 April 29, 2013
  • 4. Efficiency programs Interim Report Q1 2013 4  Hygiene business cost and productivity program  Achieved cost savings Q1 2013: SEK 160m  Annualized cost savings in Q1 2013: EUR 75m  Total annual cost savings of EUR 300m, full effect in 2015  Georgia‐Pacific synergies  Achieved cost savings Q1 2013: SEK 54m  Annualized cost savings in Q1 2013: EUR 25m  Total annual cost savings of EUR 125m, full effect in 2016  Forest Products efficiency program  Achieved earnings improvement Q1 2013: SEK 35m  Annualized earnings improvement in Q1 2013: SEK 140m  Total annual earnings improvement of SEK 1,300m, full effect in 2015 April 29, 2013
  • 5. Interim Report Q1 2013 5 SEK millions Q1     Q1 unless otherwise stated 2013 2012 Change, % Change, %  Net sales 22,386 19,490 15 20 ** EBIT* 2,205 1,834 20 25 *** EBIT margin* (%)  9.8 9.4 Profit before tax* 1,941 1,503 29 34 *** Earnings per share (SEK)  1.59 1.73    Operating cash flow 1,862 1,778 5 Debt/Equity ratio 0.51 0.55 *   Excluding items affecting comparability ** Excluding exchange rate effects and divestments ***Excluding items affecting comparability and exchange rate effects Q1 2013 results April 29, 2013
  • 6. Interim Report Q1 2013 6 Group  Sales decreased 3%*  EBIT decreased 6%** Business areas  Personal Care, EBIT decreased 4%** • Seasonality effects  Tissue, EBIT decreased 10%** • Seasonality effects  Forest Products, EBIT decreased 19%*** • Lower prices • Negative currency effects • Capital gain on forest land transaction * Excluding exchange rate effects ** Excluding items affecting comparability and exchange rate effects *** Excluding items affecting comparability Q1 2013 vs. Q4 2012 Summary April 29, 2013
  • 7. Interim Report Q1 2013 7 Q1 2012   Q1 2013 EBIT margin** 10.7% EBIT** SEKm Q1 2012  Q1 2013 * Excluding exchange rate effects ** Excluding items affecting comparability *** Excluding items affecting comparability and exchange rate effects  Sales growth 6% (11%*)  Incontinence products increased 8%*  Baby diapers increased 11%*  Feminine care increased  3%*  Emerging markets increased 18%*  EBIT increased 21%** (27%***)  Higher volumes  Lower raw material costs  Cost savings  Acquisition 6% 6,604 6,241 21%** 810 668 12.3% SALES SEKm Personal Care Q1 2013 vs Q1 2012 April 29, 2013
  • 8. Interim Report Q1 2013 8 Tissue Q1 2013 vs Q1 2012 EBIT margin** EBIT** SEKm 10.6%10.1 % SALES SEKm Q1 2012   Q1 2013 Q1 2012   Q1 2013  Sales growth 28% (33%*)  Consumer tissue increased 35%*  AFH tissue increased 28%*  Emerging markets increased 17%*  EBIT increased by 34%** (40%***)   Acquisition  Higher volumes  Cost savings 28% 11,630 9,121 34%** 925 1,235 * Excluding exchange rate effects ** Excluding items affecting comparability *** Excluding items affecting comparability and exchange rate effects April 29, 2013
  • 9.  Sales decreased 11% (‐7%*)  Publication papers, decreased sales • Lower prices and divestment  Solid‐wood products, decreased sales • Lower prices  • Higher volumes  Kraftliner, decreased sales • Lower volumes • Higher prices  Pulp, decreased sales • Lower volumes and prices  EBIT decreased 22%**  Lower prices  Negative currency effects  Capital gain on forest land transaction Interim Report Q1 2013 9 ‐11% EBIT margin** 6.0%6.9% ‐22%** 4,248 4,783 257 331 SALES SEKm Q1 2012   Q1 2013 Q1 2012   Q1 2013EBIT** SEKm * Excluding exchange rate effects and divestment ** Excluding items affecting comparability Forest Products Q1 2013 vs Q1 2012 April 29, 2013
  • 10. Summary Interim Report Q1 2013 10  Good sales growth and higher earnings for the hygiene businesses  Challenging market and currency situation for Forest Products  Efficiency programs delivering according to plan  Good cash flow generation  Divestments of former Georgia‐Pacific units approved by EU  Laakirchen divestment closed April 29, 2013
  • 11. Q&A Interim Report Q1 2013 11April 29, 2013