April 30, 2021

Strong market and increasing prices

EBITDA up 32% vs Q1 2020

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

Sales vs Q1 2020 impacted by exit publication paper

  • Exit publication paper -14%, sale Wood Supply UK -7%
  • Price/mix 7%, volume 4%, currency -3%

Exit publication paper according to plan

Kraftliner and CTMP expansion projects on time and on budget

3

EBITDA (SEKm)

Industrial ROCE

EBITDA development (SEKm)

1,359

8%

1

2

+32%

(16%)

1,560

1,364

1,451

1,359

1,340

1,055

1,030

1,001

1,032

32%

33%

31%

EBITDA margin

Net debt/EBITDA

26%

27%

33%

1.5x

24%

24%

21%

21%

Q1 '19

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4 '20

Q1 '21

1) LTM 2) Quarterly

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 both excluded and included in Q4 2020 where one-off items affecting EBITDA amounted to SEK 73m.

Net sales (SEKm)

EBITDA (SEKm)

EBITDA margin

-11%

-1%

27.6%

1,833

452

449

1,627

24.6%

Q1 2020

Q1 2021

Q1 2020

Q1 2021

Q1 2020

Q1 2021

Price development - Pulpwood and Sawlogs

110

105

100

95

90

85

80

Q1 '19

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4 '20

Q1 '21

Pulpwood Sawlogs

Stable wood supply to industries

Sales down 11%

  • Lower volumes to Ortviken
  • Lower pulpwood price

EBITDA down 1%

  • Lower pulpwood price + Lower imported volumes

5

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SCA - Svenska Cellulosa AB published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 07:49:03 UTC.