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SEB Enskilda TMC seminarJohan Karlsson, VP Investor Relations
Net sales of SEK 106bn
44,000 employees and sales in more than 100 countries
World’s third-largest hygiene company
TEN and Tork are leading global brands for incontinence care and AFH tissue
Europe’s second-largest packaging company*
Europe’s largest private forest owner
Europe’s second-largest sawmill company
222 June 2012
SCA Group in 2011
* In January 2012 SCA announced that the Packaging business, excluding the two kraftliner mills, are being divested
SCA GroupMajor changes
Acquisition of Georgia-Pacific’s European tissue operationsDivestment of the Packaging business, excluding
the two kraftliner millsEstablished 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
June 20123
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
June 20124
Georgia-Pacific acquisitionSubstantial synergies
Annual synergies: EUR 125m
Improves Tissue EBIT margins by 2-2.5 percentage points
Full effect in 3 years after closing
Related costs: EUR 130m
Increased supply chain efficiency Optimization of logistics
More efficient sourcing
Improved SG&A and A&P efficiency
June 20125
25%35%
European Consumer tissue market
European AFH tissue market
SCA SCA and GP
20% 30%SCA SCA and GP
Georgia-Pacific acquisitionEnhances SCA’s presence in Consumer and AFH tissue
6 June 2012
Sales: SEK 1.6bn*
Sales split: baby diapers 60% and incontinence products 40%
Purchase price: SEK 1.9bn
Sales in China, Taiwan and Southeast Asia
Strong brands, market positions and distribution• Incontinence care products
• No. 2 in China and No. 1 in Taiwan• Baby diapers
• No. 5 in China and Taiwan
Acquisition of EverbeautyLeading Asian personal care company
* 2010 sales
June 20127
Divestment of Packaging operations
Divestment of Packaging operations to DS Smith
Excludes SCA’s two kraftliner mills in Sweden
Sales: SEK 24.4bn
Purchase price: EUR 1.7bn on a debt-free basis
Earnings per share declines by SEK 0.73*
* Based on earnings for the period for 2011
June 20128
Net sales of SEK 92bn
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
99 June 2012
SCA GroupAfter completion of ongoing transactions
10
46% 60%
40%54%
~20%*
~80%*
SCA GroupHygiene business is growing
% of net sales
Forest Products and Packaging
Hygiene products(Personal Care and Tissue)
* Provided that the Packaging divestment and the acquisition of Georgia-Pacific’s European tissue business are closed according to plan.
June 2012
June 2012
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: 2
Leading market positions Globally and regionally
11
12
Strong global and regional brandsTwo global billion EUR brands
North America
Eastern EuropeEurope
Latin America
June 2012
Asia Pacific
SCA Group’s strategic priorities
EFFICIENCY INNOVATION GROWTH
13 June 2012
Efficiency
June 2012
Restructuring programme in baby diapers in Europe completedEfficiency programme Mainly related to Personal Care and TissueAnnual cost saving: SEK 700mGradual impact in 2012-2013
Investments in upgrade of existing and new capacity
14
15
InnovationStrengthens market positions and profitability
June 2012
GrowthOrganic 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
June 2012
* Q1 2012 compared with Q1 2011, excluding exchange rate movements and divestments
16
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
June 201217
18
Western Europe Eastern Europe Latin America AsiaNorth America
GrowthHigh potential in markets with low penetration
Usage of hygiene products
Units/capita/year Units/child/year Units/woman/year Kg/capita/year
June 2012
19
35%
Mature markets
Emerging markets
% of Personal Care sales
Q1 2012 Emerging markets sales growth:
Personal Care: +23%*
Tissue: +14%*
GrowthHigh growth in Emerging markets
* Adjusted for exchange rate movements
18%
Mature markets
% of Tissue sales
Emerging markets
June 2012
Q & A
June 201220
Johan Karlsson, VP Investor RelationsTel: +46 8 788 51 30
Jessica Ölvestad, Manager Investor RelationsTel: +46 8 788 52 82
IR Contacts:
Email: [email protected] Website: www.sca.com
