July 23, 2021

Best quarter since split in 2017 - strong market with increasing prices in all segments, exit publication paper, good production and stable cost base

EBITDA up 126% vs Q2 2020

  • Higher prices on solid wood, pulp and kraftliner
  • Higher volumes
  • Higher production
  • Negative currency effects

Net sales vs Q2 2020 impacted by exit publication paper and divestments

  • Exit publication paper -13%, divestment Wood Supply UK -10%
  • Price/mix 25%, volume 7%, currency -6%

Kraftliner and CTMP expansion projects on time and on budget

3

EBITDA (SEKm)

Industrial ROCE 1

EBITDA development (SEKm)

2,260

14%

+126%

2,260

EBITDA margin

Net debt/EBITDA

47%

1.4x

1,340

1,364

1,451

1,359

47%

1,055

1,030

1,001

1,032

33%

32%

26%

27%

24%

24%

21%

21%

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4 '20

Q1 '21

Q2 '21

1. LTM

4

Note: EBITDA excluding effects from changed accounting method for valuation of forest assets in Q4 2019.

Effect of one-off items related to discontinuation of publication paper excluded in Q3 2020 and Q4 2020.

Net sales (SEKm)

EBITDA (SEKm)

EBITDA margin

+7%

+51%

47.3%

1,592

753

1,494

33.4%

499

Q2 2020

Q2 2021

Q2 2020

Q2 2021

Q2 2020

Q2 2021

Price development - Pulpwood and Sawlogs

110

100

90

80

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4 '20

Q1 '21

Q2 '21

Pulpwood Sawlogs

Stable wood supply to industries

Sales up 7%

  • Higher volumes
  • Lower pulpwood price

EBITDA up 51%

  • Higher harvesting level of own forest
  • Higher revaluation of biological assets

5

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SCA - Svenska Cellulosa AB published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 06:47:05 UTC.