Svenska Cellulosa Aktiebolaget : Presentation Q2 2023
July 21, 2023 at 02:14 am EDT
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Interim Report Presentation
Q2 2023
July 21, 2023
Ulf Larsson, CEO
Summary Q2 2023
Strong profitable growth in energy and forest but continued weak demand in wood, pulp and containerboard
EBITDA margin of 37 %
Sales decreased 22% vs Q2 2022
Price/mix -25%, currency 8%, volume -5%
EBITDA decreased 46% vs Q2 2022
Lower prices
Lower volumes solid wood products + Higher result from forest
+ Growth renewable energy + Positive currency effects
3
SCA's performance Q2 2023
EBITDA (SEKm)
Industrial ROCE 1
1,700
20%
EBITDA margin
Net debt/EBITDA
37.1%
1.3x
EBITDA (SEKm) and EBITDA margin
-46%
3,121
2,684
2,806
2,608
2,484
2,260
1,981
2,055
59%
1,700
53%
52%
53%
50%
47%
41%
43%
37%
Q2 '21
Q3 '21
Q4 '21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
1. LTM
4
Forest Q2 2023 vs. Q2 2022
Net sales (SEKm)
EBITDA (SEKm)
EBITDA margin
+18%
+25%
1,945
817
39.8%
42.0%
1,642
654
Q2 2022
Q2 2023
Q2 2022
Q2 2023
Q2 2022
Q2 2023
Price development - Pulpwood and Sawlogs
140
130
120
110
100
90
80
Q2 '21
Q3 '21
Q4 '21
Q1 '22
Q2 '22
Q3 '22
Q4 '22
Q1 '23
Q2 '23
Pulpwood Sawlogs
Stable wood supply to industries
Sales up 18%
Higher prices
EBITDA up 25%
Higher harvesting level own forest
Higher prices
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Disclaimer
SCA - Svenska Cellulosa AB published this content on 21 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2023 06:13:07 UTC.
Svenska Cellulosa Aktiebolaget SCA specializes in the production and marketing of paper and wood. Net sales break down by activity as follows:
- production of pulp (26.2%): operates a pulp mill in Sweden;
- production of paper (24.9%): 2 production sites located in Sweden at the end of 2022;
- sale of wood products (24.6%): owns 5 sawmills located in Sweden;
- forestry (24.3%): 2.7 million hectares of forest assets operated in Sweden and the Baltic States. The group also develops a renewable energy production activity.
Net sales are distributed geographically as follows: Sweden (18.9%), Germany (10.6%), the United Kingdom (9.7%), Europe (35.3%), the United States (12.2%), Asia (7.9%) and other (5.4%).