sca's presentation from handelsbanken conference 120910

18
Jan Johansson, President and CEO Handelsbanken conference

Upload: sca-svenska-cellulosa-aktiebolaget

Post on 20-Aug-2015

2.111 views

Category:

Health & Medicine


5 download

TRANSCRIPT

Jan Johansson, President and CEOHandelsbanken conference

Major changesDivestment of the Packaging business, excluding

the two kraftliner millsAcquisition of Georgia-Pacific’s European tissue operationsEstablished joint venture in Australia/New ZealandAcquisition of Everbeauty an Asian hygiene products company Increased shareholding in VindaAcquisition of PISA in ChileNew hygiene organizationAcquisition of PLF a French solid-wood products company

September 201222

Creates a leading European tissue company

Strengthens SCA’s product offering and geographic presence

Sales: EUR 1.25bn

Purchase price: EUR 1.32bn

Annual synergies: EUR 125m

With full implementation of synergies, earnings per share are expected to increase by approximately SEK 1.70

Acquisition of Georgia-Pacific’s European tissue operations

3 September 2012

Net sales of SEK 91bn*

37,000 employees and sales in more than 100 countries

World’s second-largest hygiene company

TEN and Tork are leading global brands for incontinence care and AFH tissue

Europe’s largest private forest owner

Europe’s second-largest sawmill company

44 September 2012

SCA Group

* 2011 sales adjusted for closed transactions

5

46% 60%

40%54%

~20%*

~80%*

SCA GroupHygiene business is growing

% of net sales

Forest Products and Packaging

Hygiene products(Personal Care and Tissue)

September 2012

September 20126

Leading market positions Globally and regionally

North America

AFH tissue: 3

Incontinence products: 3

Mexico

Incontinence products: 1

Consumer tissue: 2

AFH tissue: 3

Feminine care: 1

Baby diapers: 3

Colombia

Incontinence products: 1

Feminine care: 1

Tissue: 1

Nordic region

Incontinence products: 1

Baby diapers: 1

AFH tissue: 1

Consumer tissue: 2

Europe

Tissue: 1

Solid-wood products: 2

Baby diapers: 3

Incontinence products: 1

Private forest owners: 1

Asia

Incontinence products: 1

Globally

Incontinence products: 1

AFH tissue: 1

Consumer tissue: 2

September 20127

SCA Group’s strategic priorities

EFFICIENCY INNOVATION GROWTH

September 20128

EfficiencyRestructuring programme in baby diapers

in Europe completed

Efficiency programme Mainly related to Personal Care and Tissue Annual cost saving: SEK 700m Gradual impact in 2012-2013

Investments in upgrade of existing and new capacity

September 20129

InnovationStrengthens market positions and profitability

September 201210

GrowthSales growth of 4%* High growth in emerging marketsAcquisition of Georgia-Pacific´s European tissue

operationsAcquisition in Brazil

Pro Descart, No. 2 in incontinence care

Acquisition in TurkeySan Saglik 95%, No. 2 in incontinence careKomili 50%, No. 4 in baby diapers and feminine care

Acquisition of Everbeauty an Asian personal care company Continued expansion of wind power opportunitiesOngoing projects totalling 4 TWh

September 2012

* H1 2012 compared with H1 2011, excluding exchange rate movements and divestments

11

September 201212

Global population growth

An aging population

Increased market penetration

Higher disposable income

Customers and consumers demand more comfort and sustainability

GrowthGrowth potential for hygiene products

September 201213

Western Europe Eastern Europe Latin America AsiaNorth America

Usage of hygiene products

Units/capita/year Units/child/year Units/woman/year Kg/capita/year

GrowthHigh potential in markets with low penetration

September 2012

Macro updateQ2 2012

Global economy and private consumption to slow in 2012 Debt crisis in parts of Western Europe has a negative impact Emerging markets shows relatively good growth

Hygiene products Good growth in Emerging markets Low or no growth in Western Europe and North America

Forest products Lower European demand and unacceptably low prices

in publication paper Continued weak demand and unsatisfactory low prices

in solid-wood products Price increases for Kraftliner during Q2

14

Q2 2012 results

September 2012

SEK millions Q2 Q2 Change, Change,

unless otherwise stated 2012 2011 % %**

Net sales 20,273 20,415 -1 2

EBIT* 2,105 1,810 16 16

EBIT margin* (%) 10.4 8.9

Profit before tax* 1,789 1,527 17

Earnings per share (SEK) 1.85 1.96

Operating cash flow 2,391 1,868

Debt/Equity ratio 0.41 0.55

* Excluding items affecting comparability** Excluding exchange rate movements, and divestments

15

September 201216

Key reasons to invest in SCA

Transformation story

Strong product portfolio

Good growth opportunities

Profitability improvement potential

Good dividend yield

Q & A

September 201217

Johan Karlsson, VP Investor RelationsTel: +46 8 788 51 30

IR Contacts:

Email: [email protected] Website: www.sca.com