Stora Enso Oyj Class A · OMXHEX:STEAV
Stora Enso Oyj Class A — Shareholder Meeting (April 2013)
52 slides from Stora Enso Oyj Class A's shareholder meeting presentation, Apr 23, 2013
Slide 1: Choose your language
Headphones Kielikanavat Choose your language / Valitse kielikanava: English Svenska Suomi
Slide 2: Forward-looking statements
It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by “believes”, “expects”, “anticipates”, “foresees”, or
Slide 3: Welcome!
Welcome! Gunnar Brock, Chairman of the Board of Directors
Slide 4: Choose your language
Headphones Kielikanavat Choose your language / Valitse kielikanava: English Svenska Suomi
Slide 5: Stora Enso's Annual General Meeting
Stora Enso’s Annual General Meeting 23 April 2013
Slide 6: Jouko Karvinen, CEO
Jouko Karvinen, CEO
Slide 7: Our Performance
; e : > | » : 3 S m [ew 1 storaenso —_—_===_a SEG qi i | Our Performance ii.
Slide 8: Full year 2012 results
Full year 2012 results Sales EUR 10 815 million Operational EBIT EUR 618 million Operational ROCE 7.1% Strong cash flow EUR 1 253 million EPS excl. NRI EUR 0.33 Debt/equity ratio 0.48 Stora Enso AGM 2013 23 April 2013
Slide 9: Year 2012 operational EBIT
Year 2012 Operational EBIT Operational EBIT margin % 900 9% 800 8% 700 7% EUR million 600 6% 500 5% 400 4% 300 3% 200 2% 100 1% 0 0% 2010 2011 2012 Stora Enso AGM 2013 23 April 2013
Slide 10: Q1 2013
Q1 2013 Sales EUR 2 667 million Operational EBIT EUR 118 million EPS excl NRI EUR 0.07 Operational ROCE 5.4% Cash flow from Operations EUR 101 million Stora Enso AGM 2013 23 April 2013
Slide 11: Our Strategy
Our Strategy
Slide 12: Strategy
Strategy Transformation from a European pulp and paper company to a value creating, growth markets renewable materials company Stora Enso AGM 2013 23 April 2013 12
Slide 13: Strategic Investments
Strategic Investments Ostrołęka, Bulleh Shah, and Montes del Plata Montes del Plata Bulleh Shah Commissioning of the main equipment Delayed and expected initiated and start-up process during to be completed during Q3/2013 Ostrołęka Q2/2013 Investment started up in 01/2013 Stora Enso AGM 2013 23 Apri
Slide 14: Time to rethink structures
Time to rethink structures Focus, simplification and clarity • Plan to create a platform for transformation – Divisions with clear accountability focusing on growth and cost competitiveness – Simplified corporate structures • Driving towards a value creating growth markets renewable materials compan
Slide 15: 15
15
Slide 16: Our Global Responsibility strategy
Our Global Responsibility strategy
Slide 17: Why?
Why? supporting our cash engine businesses realising our Purpose and Values taking new steps in growth markets winning competition Stora Enso AGM 2013 22 April 2013 17
Slide 18: Lead Areas
Lead Areas Resource efficiency Responsible business Forests and Land Use and environmental and people performance Stora Enso AGM 2013 23 April 2013
Slide 19: Our Lead Areas in action
Our Lead Areas in action Board of Directors GR Communications Global Responsibility & Reporting and Ethics Committee CEO Forests and Group Executive Team Land Use Resource Global Responsibility Efficiency and Environmental Council Performance Responsible Business and People Stora Enso AGM 2013 23 Ap
Slide 20: Stora Enso AGM
Stora Enso AGM 2013 23 April 2013
Slide 21: storaenso
storaenso
Slide 22: Adoption of the annual accounts
Adoption of the annual accounts
Slide 23: storaenso
storaenso
Slide 24: Dividend
Dividend
Slide 25: Dividend
Dividend • The Parent Company distributable shareholders’ equity on 31 December 2012 amounted to EUR 1 528 495 979.09, including the profit for the period of EUR 664 011 113.01 • The Board of Directors proposes to the Annual General Meeting of the Company that it pays to its shareholders a dividend
Slide 26: storaenso
storaenso
Slide 27: Discharge of the Board of Directors and the CEO from liability
Discharge of the members of the Board of Directors and the CEO from liability
Slide 28: storaenso
storaenso
Slide 29: Nomination Board Report
Nomination Board Report
Slide 30: Remuneration
Remuneration EUR ’000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Board Chairman 135 135 135 135 135 135 135 67.5 135 135 170 Vice 85 85 85 85 85 85 85 42.5 85 85 100 Chairman Member 60 60 60 60 60 60 60 30 60 60 70 2008 onwards 40% of Board remuneration is in R shares Stora Enso AGM 2013
Slide 31: Annual remuneration
Annual remuneration Board of Directors Chairman EUR 170 000 Deputy Chairman EUR 100 000 Members EUR 70 000 The Nomination Board also proposes that the members of the Board of Directors use 40% of the above mentioned annual remuneration for purchasing Stora Enso R shares from the market and that the
Slide 32: Composition of the Board of Directors
Composition of the Board of Directors The Nomination Board proposes to the AGM that the Board of Directors shall have ten (10) members. Gunnar Brock Birgitta Kantola Mikael Mäkinen Juha Rantanen Hans Stråberg Matti Vuoria Marcus Wallenberg Hock Goh Elisabeth Fleuriot Anne Brunila Stora Enso AGM 2013
Slide 33: Elisabeth Fleuriot
Elisabeth Fleuriot • Born 1956, French citizen • M.Sc (Econ) • Member of Board of Directors of Carlsberg Company. • Earlier positions include: – Senior Vice President, Emerging Markets and Regional Vice President, France, Benelux, Russia and Turkey, in Kellogg Company (2001–2012) – General Manager,
Slide 34: Anne Brunila
Anne Brunila • Born 1957, Finnish Citizen • D.Sc. (Econ) • Member of the Board of Sampo Plc, Kone Plc, the Research Institute of the Finnish Economy ETLA and the Finnish Business and Policy Forum EVA. She is Chairman of the Board of the International Chamber of Commerce Finland and Vice Chairman of
Slide 35: Appointment of Nomination Board
Appointment of Nomination Board Duties The Nomination Board proposes that the AGM appoint a Nomination Board to prepare proposals concerning (a) the number of members of the Board of Directors (b) The election of members of the Board of Directors (c) the remuneration for the Chairman, Vice Chairman
Slide 36: storaenso
storaenso
Slide 37: Annual remuneration
Annual remuneration Board of Directors Chairman EUR 170 000 Deputy Chairman EUR 100 000 Members EUR 70 000 The Nomination Board also proposes that the members of the Board of Directors use 40% of the above mentioned annual remuneration for purchasing Stora Enso R shares from the market and that the
Slide 38: storaenso
storaenso
Slide 39: Number of members in the Board of Directors
Number of members in the Board of Directors
Slide 40: storaenso
storaenso
Slide 41: Composition of the Board of Directors
Composition of the Board of Directors The Nomination Board proposes to the AGM that the Board of Directors shall have ten (10) members. Gunnar Brock Birgitta Kantola Mikael Mäkinen Juha Rantanen Hans Stråberg Matti Vuoria Marcus Wallenberg Hock Goh Elisabeth Fleuriot Anne Brunila Stora Enso AGM 2013
Slide 42: storaenso
storaenso
Slide 43: Auditor's fees
Auditor’s fees
Slide 44: storaenso
storaenso
Slide 45: Election of Auditors
Election of Auditors • The Board of Directors proposes to the AGM that Authorised Public Accountants Deloitte & Touche Oy continue as the statutory auditor of the Company until the end of the following AGM. Stora Enso AGM 2013 23 April 2013
Slide 46: storaenso
storaenso
Slide 47: Appointment of Nomination Board
Appointment of Nomination Board Duties The Nomination Board proposes that the AGM appoint a Nomination Board to prepare proposals concerning (a) the number of members of the Board of Directors (b) The election of members of the Board of Directors (c) the remuneration for the Chairman, Vice Chairman
Slide 48: storaenso
storaenso
Slide 49: Cancellation of treasury shares
Cancellation of treasury shares • The Board of Directors proposes to the AGM that 918 512 Series R treasury shares be cancelled. • Stora Enso is in possession of 918 512 Series R treasury shares (approximately 0.12% of the issued shares) which have been acquired in several occasions on the basis of
Slide 50: storaenso
storaenso
Slide 51: Thank You
storaenso Thank You
Slide 52: storaenso
storaenso