October 28, 2022

5th quarter in a row with 50% EBITDA margin

Strong operating cash flow financing strategic investments

Both Obbola and CTMP expansion projects on budget and ahead of time

  • New paper machine in Obbola running 24/7

Sales in line with Q3 2021

  • Volume -6%, currency +5%, price/mix +1%, exit publication paper -1%

EBITDA decreased 7% vs Q3 2021

  • Lower prices on wood products
  • Lower delivery volumes
  • Higher distribution and raw material costs + Higher pulp and containerboard prices + Lower energy costs

Renewable energy new segment from 1st of January 2023

3

EBITDA (SEKm)

Industrial ROCE 1

EBITDA (SEKm) and EBITDA margin

2,484

44%

-7%

3,121

2,684

2,806

2,608

2,484

2,260

EBITDA margin

Net debt/EBITDA

53%

59%

52%

53%

50%

0.8x

1,377

1,359

47%

50%

1,032

30%

33%

24%

Q3 '20

Q4 '20

Q1 '21

Q2 '21

Q3 '21

Q4 '21

Q1'22

Q2'22

Q3'22

1. LTM

4

Note: EBITDA excluding effect of one-off items related to discontinuation of publication paper in Q3 2020 and

Q4 2020.

Net sales (SEKm)

EBITDA (SEKm)

EBITDA margin

+11%

+21%

1,609

623

38.7%

1,455

516

35.5%

Q3 2021

Q3 2022

Q3 2021

Q3 2022

Q3 2021

Q3 2022

Price development - Pulpwood and Sawlogs

Stable wood supply to industries

Increasing wood prices

Sales up 11%

  • Higher prices

EBITDA up 21%

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

120

- Higher transportation and harvesting costs, driven by

higher fuel prices

110

100

90

80

Q3 '20

Q4 '20

Q1 '21

Q2 '21

Q3 '21

Q4 '21

Q1 '22

Q2 '22

Q3 '22

Pulpwood

Sawlogs

5

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SCA - Svenska Cellulosa AB published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 07:22:09 UTC.