Billerud (BILL) DNB Carnegie Nordic Forest Conference Presentation summary

Strategic direction and purpose

• Focus on producing high-performance packaging materials for a low carbon society, guided by strong values and safety priorities.

• Regional strategies emphasize evolving North America towards packaging materials and strengthening European performance through existing assets.

• Sustainability is embedded across operations, with a commitment to care and reliability.

Regional market positions and performance

• Operates in over 100 markets, with strong positions in label, graphic, liner, and cartonboard in North America, and leading in liquid packaging board, fluting, kraft, and sack paper in Europe.

• North America benefits from solid market conditions, stable input costs, and improved competitiveness versus imports.

• Europe faces muted consumption, overcapacity, and currency headwinds, impacting profitability.

Financial highlights and operational footprint

• North America: SEK 12.2bn net sales, 19% EBITDA margin, with 69% from graphic paper and 19% from label paper.

• Europe: SEK 27.3bn net sales, 11% EBITDA margin, with 34% from liquid packaging board and 20% from containerboard.

• Six pulp-integrated mills in Europe and significant production capacity in North America.