INTERIM REPORT JANUARY-MARCH 2015 2015-04-21 Per Lindberg, CEO and - PowerPoint PPT Presentation

INTERIM REPORT JANUARY-MARCH 2015 2015-04-21 Per Lindberg, CEO and President, and Susanne Lithander, CFO 1

BEST QUARTERLY PERFORMANCE EVER Operating profit reached a record high SEK 698 million and operating margin over 12% Net debt reduced with SEK 734 million from previous quarter to SEK 6 390 million due to a very strong cash flow Packaging Paper Normal market situation for sack and kraft paper for the season Consumer Board As expected a solid market situation with stable prices for liquid packaging board and cartonboard Containerboard Strong order books for fluting, white liner weaker Partnering with Tara expedition to further enhance our mission to challenge conventional packaging for a sustainable future 2

WE DELIVER AS PROMISED NET SALES GROWTH 4% YOY, OPERATING PROFIT +29% YOY NET SALES OP. PROFIT MSEK MSEK 5 700 800 5 600 5 634 700 29% 4% 698 5 500 600 52% 10% 5 400 5 410 541 500 5 300 460 400 5 200 300 5 100 5 124 200 5 000 100 4 900 4 800 0 Q1 14 Q4 14 Q1 15 Q1 14 Q4 14 Q1 15 3

WE DELIVER AS PROMISED EXCELLENT CASH FLOW, GOOD ROCE AND STRENGTHENED BALANCE SHEET ROCE OP. CASH FLOW NET DEBT/EQUITY MSEK % 14 900 0,90 12 11.5 0.78 733 10 10.5 600 0.67 0,60 8 0.57 7.2 6 427 385 300 0,30 4 2 0 0 0,00 Q1 14 Q4 14 Q1 15 Q1 14 Q4 14 Q1 15 Q1 14 Q4 14 Q1 15 4

PACKAGING PAPER BUSINESS AREA Q1 2015 Stable demand for sack and kraft paper Net sales MSEK 2 182, +6% Q1-14 Operating profit MSEK 317, +66% Q1-14 Operating margin 15% Key take-away The order situation for brown sack paper was strong, weaker for MF kraft paper due to increased competition on the market The capacity on the Finnish machines were not fully utilized Prices in local currency were slightly above previous quarter Selective growth 5

CONSUMER BOARD BUSINESS AREA Q1 2015 Stable and satisfactory market situation with normal seasonal variances Net sales MSEK 2 023, +4% Q1-14 Operating profit MSEK 290, +24% Q1-14 Operating margin 14% Key take-away Stable demand and continued global growth Production problems related to trimming issues after machine rebuild in Gävle and Frövi during end of 2014 Volume growth 6

CONTAINERBOARD BUSINESS AREA Q1 2015 Order books remained stable during the quarter Net sales MSEK 801, +1% Q1-14 Operating profit MSEK 137, +17% Q1-14 Operating margin 17% Key take-away Market position and order intake for fluting remained on a high level. Prices and order book for liner was on a lower but stable level during the quarter compared with previous year. Value growth 7

OUTLOOK Demand and orders situation for the second quarter is expected to be stable with normal seasonal variances for all business areas. Average prices in local currency in the second quarter are anticipated to be stable on the same level as in the first quarter. No changes to wood prices are foreseen for the second quarter. There is a planned maintenance shutdown in Gruvön including a three week rebuild of PM6 in the second quarter of 2015. 8

CAPITAL MARKETS DAY ON 12 NOVEMBER 2015 Capital Markets Day in Stockholm on 12 November 2015. More info will be published on www.billerudkorsnas.com 9

Q&A WE PACKAGING FOR A 10

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