1 0. N O V 2 02 1

F i n a n c i a l r e s u l t s

Q 3 2 0 2 1

Disclaimer

Please read the information below carefully

This presentation (the 'Presentation') was prepared by Arctic Paper S.A. (the 'Company') for information purposes only for use by investors, banks and the Company's customers as well as market analysts and under no circumstances may it be treated as a part of an invitation or offer to purchase securities, an invitation to make investments or conduct transactions regarding securities, an inducement to make purchase offers or a recommendation to conclude any transactions, in particular transactions regarding the Company's securities.

The information contained in the Presentation was taken from publicly available sources which the Company believes to be reliable. However, the Company cannot guarantee its reliability or completeness, except for the information on the Company and its Group. The Company shall not be held liable for the consequences of decisions made on the basis of or in reliance on the information contained in this Presentation. The information contained in the Presentation has not been independently verified and may be subject to change at any time. The publication of the data contained in the Presentation by the Company does not constitute a breach of the provisions of the law which apply to companies whose shares are listed on the regulated market, in particular the regulated market operated by the Warsaw Stock Exchange in Poland and NASDAQ OMX Stockholm in Sweden. The information contained herein has been published by the Company in its current and periodic reports, or constitutes a supplement thereto which is not required to be published by the Company in order to comply with the Company's reporting requirements as a listed company.

Under no circumstances should information contained in this Presentation be construed as

the explicit or implicit submission

of a representation or warranty of any type

by the

Company or by persons acting on

its behalf. Furthermore, neither the Company

nor any

person acting on its behalf shall be

held liable in any respect for any damage which may

arise as a result of negligence or

for any other cause as a result of the use

of this

Presentation or any information contained in it, or for damage which may otherwise arise in connection with information constituting a part of this Presentation.

The Company is not obliged to publish updates and amendments to the information, data and representations contained in this Presentation as a result of a change of the Company's strategy or intentions or the appearance of unexpected facts or circumstances which affect such strategy or intentions of the Company, unless such an obligation arises from the provisions of law.

This Presentation contains information on

the paper

industry.

With the exception of

information indicated as originating from

a specified

source,

the market information

referred to above has been prepared on the basis of data received from third parties who

are named in this

Presentation and contains estimates, assessments, corrections

and

opinions based on

the Company's experience and knowledge

of the sector

in which it

conducts business.

Because the market information referred

to above may

have

been

partially prepared with the use of estimates, assessments, corrections and opinions and has not been verified by independent entities, to a certain extent, this information is of a

subjective nature, with

the exception of the information which has

been indicated as

information originating

from third parties from a specified source. It

is presumed that

estimates, assessments, corrections and opinions are based on reasonable grounds and that the market information which has been prepared duly reflects the situation of the industry on the markets on which the Company conducts business. However, there is o

certainty that

the

estimates, assessments,

corrections

and opinions

are the

most

appropriate basis

for drawing

conclusions on the market information

or

that market

information taken

from other

sources may

not differ

significantly from

the

market

information contained in this Presentation.

The Company

would like to point out to the

readers of

this Presentation

that

the

only

reliable source of data on Arctic Paper's financial results, forecasts and events, as well as the Company's indicators, is the current and periodic reports submitted by the Company in compliance with reporting requirements under Polish and Swedish law.

This Presentation contains f i n a n c i a l r e s u l t s f o r Q 3 2 0 2 1 .

2

Financial results Q3 2021

arcticpaper.com

Agenda

  • Q3 2021 summary
  • Paper
    • market
    • operating data
    • products
  • Pulp
    • market
    • operating data
    • products
  • Packaging
  • Power
  • Financials
  • Outlook

Presenters:

Michał Jarczyński - CEO Arctic Paper

Göran Eklund - CFO Arctic Paper

Summary Q3 2021

Arctic Paper Group Q3 2021 vs. Q3 2020

Net sales

(P LN m n)

889,7

(Q3 2021)

vs.

702,8

(Q3 2020)

Paper/Pulp

EBITDA (PLNmn)

46/56

(Q3 2021)

vs.

70/17

(Q3 2020)

* R o l l i n g 1 2 m o n t h s

EBITDA

Operating CF

ROCE*

(PLNmn)

(PLNmn)

102,1

50,6

10,1%

(Q3 2021)

(Q3 2021)

(Q3 2021)

vs.

vs.

vs.

86,4

117,5

11,9%

(Q3 2020)

(Q3 2020)

(Q3 2020)

Net debt/

Paper sales

Pulp sales

EBITDA*

volume

volume

0,66x

169k t

93k t

(EOP 2021)

(Q3 2021)

(Q3 2021)

vs.

vs.

vs.

0,48x

143k t

107k t

(EOP 2020)

(Q3 2020)

(Q3 2020)

4

Financial results Q3 2021

arcticpaper.com

Summary YTD SEP 2021

Arctic Paper Group YTD SEP 2021 vs. YTD SEP 2020

Net sales

(P LN m n)

2 459,0

(YTD SEP 2021)

vs.

2 132,8

(YTD SEP 2020)

Paper/Pulp

EBITDA (PLNmn)

129/130

(YTD SEP 2021)

vs.

184/62

(YTD SEP 2020)

* R o l l i n g 1 2 m o n t h s

EBITDA

Operating CF

ROCE*

(PLNmn)

(PLNmn)

258,5

105,3

10,1%

(YTD SEP 2021)

(YTD SEP 2021)

(YTD SEP 2021)

vs.

vs.

vs.

246,3

187,6

11,9%

(YTD SEP 2020)

(YTD SEP 2020)

(YTD SEP 2020)

Net debt/

Paper sales

Pulp sales

EBITDA*

volume

volume

0,66x

478k t

308k t

(EOP 2021)

(YTD SEP 2021)

(YTD SEP 2021)

vs.

vs.

vs.

0,48x

429k t

310k t

(EOP 2020)

(YTD SEP 2020)

(YTD SEP 2020)

5

Financial results Q3 2021

arcticpaper.com

Attachments

  • Original document
  • Permalink

Disclaimer

Arctic Paper SA published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 09:24:06 UTC.