Svenska Cellulosa AB SCA http://www.alacrastore.com/company-snapshot/Svenska_Cellulosa_AB_SCA-1016163 Saturday, July 26, 2008 8:11:52 AM 1016163 Svenska Cellulosa AB SCA en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/661530spcred/661530normThe latest Summary from S&Pglobal7/25/2008 10:21:29 AM175Summary661530SwedenPaper ProductsEurope, Middle East, AfricaGlobal IssuersCorporationsForest ProductsSummaryThe ratings on Sweden-based hygiene and packaging paper producer Svenska Cellulosa Aktiebolaget SCA (SCA) reflect the group's diverse earnings base, leading positions in core hygiene and packaging markets, high level of integration, and intermediate financial risk profile. On June 30, 2008, SCA had total debt of about Swedish krona (SEK) 44.7 billion (€4.7 billion), excluding operating leases and postretirement liabilities. The group has leading positions in most of its hygiene products and integrated packaging products businesses, which account for about 75% of operating profits. SCA is well diversified geographically, and has relatively high levels of fiber and pulp integration. These factors, including the high share of consumer-related products, contribute to more stable earnings and cash flow development than for pureSWE86958715105020 151050 1510 15Svenska Cellulosa Aktiebolaget SCA106030EUROMIDAFRSUMMARYGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1871064ccbn/T1871064norm...Okay, ladies and gentlemen, very much welcome to the SCA presentation of the second-quarter results. As you have seen from the report, we have some disappointments, but we also have some very positive development. Talking about disappointment, of course, development on the packaging market, where we still have far too high inventories on the paper side, putting pressure on the prices, is a disappointment. Also, sawmills, even though we saw that coming very clearly during Q#, with still high inventories. Of course, positive is the increase in sale and the very good growth we have in emerging markets, which I will come back to all of that later. Looking at the market trend, the hygiene business, we have a very stable demand in the main markets and very good growth in emerging markets. As I say, Packaging and Forest, too high inventories in solid wood, too high inventories in liners is the main problem today in those two markets. Coming into the first-half result, we have quite a good growth... 7/24/2008 5:06:55 PMSvenska Cellulosa Aktiebolaget SCA106.0000FinalQ2 2008 Svenska Cellulosa Aktiebolaget SCA Earnings Conference Call (English) TranscriptSCA.ST2:30pm CETTranscriptT1871064Credit & Investment ResearchThomson Street EventsUK - Industrias de Celulosa Aragonesa SA{SAICA} of Spain agreed to acquire the UK and Ireland Conventional corrugated business of Svenska Cellulosa AB, a Stockholm-based manufacturer and wholesaler of absorbent hygiene products, for ### mil British pounds (###.### mil euros/$###.## mil US) in cash. The transaction was subject to regulatory authorities.6/19/2008 5:24:21 PM83386U78265E83386U869587Industrias de Celulosa Aragonesa SA{SAICA}SCA AB-UK & Ireland conventional corrugated businessIndustrias de Celulosa Aragonesa SA{SAICA}Svenska Cellulosa ABhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Industrias_Celulosa_Aragonesa_acquires_SCA_UK_Ireland_pkg_bus_from_Svenska_Cellulosa_AB-1988124040sdc/19881240401988124040Copyright © 2008, Thomson Financial, All Rights ReservedPaper and Allied ProductsSpainPaperboard mills2631FFForeignPrivate2631:Paperboard mills2631:Paperboard millsPaper and Allied ProductsUnited KingdomConverted paper and paperboard products, nec2679FFForeignSubsidiary298926001Mnfr paperboardMnfr hygiene prodCashCash OnlyAssets1023576001Jun 19 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000Industrias de CelulosaAragonesa SA{SAICA}, based inZaragoza, Spain, manufacturespaperboard and relatedproducts. It also operates inFrance. The company wasfounded in 1943.Industrias de Celulosa Aragonesa SA{SAICA}, based inZaragoza, Spain, manufactures paperboard and relatedproducts. It also operates in France. The company wasfounded in 1943.Industrias de Celulosa Aragonesa SA{SAICA}, based in Zaragoza, Spain, manufactures paperboard and related products. It also operates in France. The company was founded in 1943.1.000002.000003.000004.00000Conventional corrugatedbusiness of SCA AB, located inUK and Ireland, manufacturespaper packaging products.Conventional corrugated business of SCA AB, located in UKand Ireland, manufactures paper packaging products.Conventional corrugated business of SCA AB, located in UK and Ireland, manufactures paper packaging products.0.000000.000000.000000.00000YBritish Pound18 Jun 08Wed, 18 Jun 2008 00:00:00 ESTDate Announced: 06/18/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.00000125 British Pound125.000000.00000125 British Pound125.000000.000000.000000.000000.00000125.00000125 British Pound1.95600N125.000000.000000.000000.000000.000000.00000244.52500244.525000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.00000UK - Industrias de CelulosaAragonesa SA{SAICA} of Spainagreed to acquire the UK andIreland Conventionalcorrugated business of SvenskaCellulosa AB, aStockholm-based manufacturerand wholesaler of absorbenthygiene products, for 125 milBritish pounds (126.155 mileuros/$195.62 mil US) in cash.The transaction was subject toregulatory authorities.UK - Industrias de Celulosa Aragonesa SA{SAICA} of Spain agreed to acquire the UK and Ireland Conventional corrugated business of Svenska Cellulosa AB, a Stockholm-based manufacturer and wholesaler of absorbent hygiene products, for 125 mil British pounds (126.155 mil euros/$195.62 mil US) in cash. The transaction was subject to regulatory authorities.UK - Industrias de Celulosa Aragonesa SA{SAICA} of Spain agreed to acquire the UK andIreland Conventional corrugated business of Svenska Cellulosa AB, a Stockholm-basedmanufacturer and wholesaler of absorbent hygiene products, for 125 mil British pounds(126.155 mil euros/$195.62 mil US) in cash. The transaction was subject to regulatoryauthorities.UK - Industrias de Celulosa Aragonesa SA{SAICA} of Spain agreed to acquire the UK and Ireland Conventional corrugated business of Svenska Cellulosa AB, a Stockholm-based manufacturer and wholesaler ofabsorbent hygiene products, for 125 mil British pounds (126.155 mil euros/$195.62 mil US) in cash. The transaction was subject to regulatory authorities.UK - Industrias de Celulosa Aragonesa SA{SAICA} of Spain agreed to acquire the UK and Ireland Conventional corrugated business of SvenskaCellulosa AB, a Stockholm-based manufacturer and wholesaler of absorbent hygiene products, for 125 mil British pounds (126.155 mileuros/$195.62 mil US) in cash. The transaction was subject to regulatory authorities.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002653:Corrugated and solid fiber boxes2679:Converted paper and paperboard products, nec298926001Spain2631ForeignPrivate2411:Logging2421:Sawmills and planing mills2611:Pulp mills2621:Paper mills2631:Paperboard mills2676:Sanitary paper products5099:Durable goods, nec5113:Industrial and personal service paper5137:Women's and children's clothing and accessories103002001StockholmSweden2676ForeignPublicSCA A244.52500125.00000244.52500125.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/ccbn/T1823452ccbn/T1823452norm... - Svenska Cellulosa Aktiebolaget SCA - President & CEO So now the music ends. A very much welcome to the first quarter report of SCA. I will give a short presentation and then we will open up for questions both in the room but also on telephone and web, I think, as we normally do. Sorry. To start off a little bit of what's happening during ####, we think we have had a good start for the majority of our segments this year. We have strengthened our market positions, we have been able to offset increased raw material costs in higher prices and we do see, and have seen, an accelerating increase of raw material during the first quarter even though if we look in April now we have seen that that has leveled out, we don't see the same increase after the first quarter. And in the area of Packaging, we have not fully been able to offset the increased prices. And if we look at some of our portfolios we also have had a very good growth. If you look at our growth market we have grown Personal Care... 4/29/2008 12:14:00 PMSvenska Cellulosa Aktiebolaget SCA54.0000FinalQ1 2008 Svenska Cellulosa Aktiebolaget SCA Earnings Conference Call TranscriptSCA.ST11:00am CETTranscriptT1823452Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/631011spcred/631011normThe latest Summary from S&P2/15/2008 8:29:15 AMSummary175global631011SwedenPaper ProductsEurope, Middle East, AfricaGlobal IssuersCorporationsForest ProductsSummaryThe ratings on Sweden-based hygiene and packaging paper producer Svenska Cellulosa Aktiebolaget SCA (SCA) reflect the group's diverse earnings base, leading positions in core hygiene and packaging markets, high level of integration, and intermediate financial risk profile. On Dec. 31, 2007, SCA had total debt of about Swedish krona (SEK) 42.2 billion (€4.5 billion), excluding operating leases and postretirement liabilities. The group has leading positions in most of its hygiene products and integrated packaging products businesses, which account for about 75% of operating profits. SCA is well diversified geographically, and has relatively high levels of fiber and pulp integration. These factors, including the high share of consumer-related products, contribute to more stable earnings and cash flow development than for pureSWE86958715105020 151050 1510 15Svenska Cellulosa Aktiebolaget SCA106030EUROMIDAFRSUMMARYGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1739553ccbn/T1739553norm1/30/2008 1:07:03 PMSvenska Cellulosa Aktiebolaget SCA106.0000FinalQ4 2007 Svenska Cellulosa Aktiebolaget SCA Earnings Conference Call TranscriptSCA.ST1:00pm CET... - Svenska Cellulosa Aktiebolaget SCA - President and CEO So, shall we start ladies and gentlemen? It's certainly a pleasure for me to present my first quarter report for SCA. It has been a very good year and a very good fourth quarter. It's actually the best operating result in the history of SCA in the fourth quarter. But before I get into the figures for the year and the quarter, I would like to make some reflections on my first three month within the Company. I met with some of you in the very early days in SCA, with shareholders, analysts and journalists, to get the external perspective of SCA. Which I thought would be good to have before you get in and get internal because, after a while, you become more internal than external. And the views I got have been very helpful for me travelling around and digging into our business. I also remember that I had some very first impressions, reflections on SCA. And one was that I thought we need to increase speed and simplicity in the Company.... TranscriptT1739553Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/COP_728910moodys/COP_728910htmlCredit Opinion1/2/2008 7:28:56 PMGlobal Credit Research Credit Opinion ## DEC #### Credit Opinion: Svenska Cellulosa Aktiebolaget SCA Svenska Cellulosa Aktiebolaget SCA Stockholm, Sweden Ratings Category Moody's Rating Outlook Stable Senior Unsecured MTN Baa# ST Issuer...Svenska Cellulosa Aktiebolaget SCA728910150.0000NewshtmlSvenska Cellulosa Aktiebolaget SCACOP_728910Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1724675ccbn/T1724675norm12/31/2007 5:21:00 PMSvenska Cellulosa Aktiebolaget SCA54.0000Finals European Tissue Operations - Conference Call TranscriptSCA.ST9:00am CET...Good morning and welcome to SCA. We will start today's conference with a short presentation focusing on our European Tissue operation and the implementation process following the acquisition of Procter & Gamble's European tissue operations. There will be ample time for your questions which you also can send us via mail. Please find all the information regarding this on our website sca.com and on our website you will also find our presentation and the press release relating to today's news. With that I would like to introduce our CEO, Jan Johansson. ... TranscriptT1724675Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/CMT_0000416111moodys/CMT_0000416111htmlIssuer Comment12/21/2007 4:53:41 AMGlobal Credit Research Issuer Comment ## DEC #### Issuer Comment: Svenska Cellulosa Aktiebolaget SCA Moody's comments on SCA's revaluation of forest assets and measures to enhance competitiveness - no rating change Moody's Investors...Svenska Cellulosa Aktiebolaget SCA728910150.0000NewshtmlSvenska Cellulosa Aktiebolaget SCACMT_0000416111Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_106611moodys/PBC_106611pdfAnalysis12/19/2007 4:13:36 PM...SCA, with headquarters in Stockholm/ Sweden, is among the largest global personal care and tissue manufacturers. In addition, the company produces packaging solutions, publication papers, pulp and solid wood-products. SCA is the leading private forestland owner in Europe and sells its products in more than ## countries. In fiscal year #### its average workforce of about ##,### employees generated reve nues of SEK ###.# billion. ... Svenska Cellulosa Aktiebolaget SCA728910300.0000AnalysispdfSvenska Cellulosa Aktiebolaget SCAPBC_106611Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_144231_728910moodys/PR_144231_728910htmlRating Action11/10/2007 12:23:24 AMGlobal Credit Research Rating Action # NOV #### Rating Action: Svenska Cellulosa Aktiebolaget SCA Moody's affirms SCA's Baa# ratings and changes outlook to stable Frankfurt, November ##, #### -- Moody's Investors Service today affirmed...Svenska Cellulosa Aktiebolaget SCA728910150.0000Newshtml600064348SCA Finans ABSCA Finans AB; Svenska Cellulosa Aktiebolaget SCAPR_144231_728910Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1665075ccbn/T1665075norm10/31/2007 1:05:00 PMSvenska Cellulosa Aktiebolaget SCA54.0000FinalQ3 2007 Svenska Cellulosa Aktiebolaget SCA Earnings Conference Call TranscriptSCA.ST10:30am CET...Ladies and gentlemen, good morning, and welcome to SCA, and to our presentation of the third quarter results. As usual, we will have a Q&A session following the presentation, and you can e-mail us your questions. You find details on our web. Today's presenter is Lennart Persson, on his very last day as acting CEO. We think he's done very well, so please welcome Lennart Persson.... TranscriptT1665075Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/609616spcred/609616normThe latest Full Report from S&P10/25/2007 3:44:51 PMFull Report400global609616SwedenPaper ProductsEurope, Middle East, AfricaGlobal IssuersCorporationsUtilitiesElectricForest ProductsCapital GoodsFull ReportWell-diversified earnings base Relatively stable hygiene product markets Good market and cost positions, and a high level of vertical integration Good operating cash flow generation Cyclical markets for publication paper and packaging businesses Price pressure from large retail chains Exposure to higher input costs in recent years High investment levels The ratings on Sweden-based hygiene and packaging paper producer Svenska Cellulosa Aktiebolaget SCA (SCA) reflect the group's diverse earnings base, leading positions in core hygiene and packaging markets, high level of integration, and intermediate financial risk profile. At June 30, 2007, SCA had total debt of about Swedish krona (SEK) 40.1 billion (€4.3 billion), excluding operating leases and postretirement liabilities. The group has leading positions in most of its hygieneSWE86958715105020 151050 1510 15Svenska Cellulosa Aktiebolaget SCA106030EUROMIDAFRFULLNORSWE55101010 551010 5510 5540201030 402010 4020 40Industrivarden, ABStatkraft AS300352382215EUROMIDAFRINDUC@SS753305Z@NOGLOBISSCORPUTILElectricForestCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/609617spcred/609617normThe latest Summary from S&P10/25/2007 3:44:51 PMSummary175global609617SwedenPaper ProductsEurope, Middle East, AfricaGlobal IssuersCorporationsUtilitiesForest ProductsCapital GoodsElectricSummaryThe ratings on Sweden-based hygiene and packaging paper producer Svenska Cellulosa Aktiebolaget SCA (SCA) reflect the group's diverse earnings base, leading positions in core hygiene and packaging markets, high level of integration, and intermediate financial risk profile. At June 30, 2007, SCA had total debt of about Swedish krona (SEK) 40.1 billion (€4.3 billion), excluding operating leases and postretirement liabilities. The group has leading positions in most of its hygiene products and integrated packaging products businesses, which account for about 75% of operating profits. SCA is well diversified geographically, and has relatively high levels of fiber and pulp integration. These factors, including the high share of consumer-related products, contribute to more stable earnings and cash flow development than for pureSWE86958715105020 151050 1510 15Svenska Cellulosa Aktiebolaget SCA106030EUROMIDAFRSUMMARYSWENOR40201030 402010 4020 4055101010 551010 5510 55Industrivarden, ABStatkraft AS300352382215EUROMIDAFRINDUC@SS753305Z@NOGLOBISSCORPUTILForestCapitalElectricCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/608706spcred/608706normThe latest Research Update from S&P10/22/2007 10:30:39 AMResearch Update175global608706SwedenPaper ProductsEurope, Middle East, AfricaGlobal IssuersCorporationsForest ProductsResearch UpdateOn Oct. 22, 2007, Standard&Poor's Ratings Services affirmed its ratings on Sweden-based hygiene and packaging paper producer Svenska Cellulosa Aktiebolaget SCA (SCA) and related entities, including its 'BBB+/A-2' long- and short-term corporate credit ratings on SCA. The outlook is stable. The affirmation follows a review by Standard&Poor's of market conditions in the European forest product industry (see "European Forest Product Downgrades Reflect Negative Reassessment Of Industry Risks," published Oct. 22, 2007 on RatingsDirect). Although SCA is exposed to increasing raw material costs, this is mitigated by improving market conditions in its consumer-related hygiene products and integrated packaging operations. These businesses are more stable than most of the forest product segments, and account for about 75% ofSWE86958715105020 151050 1510 15Svenska Cellulosa Aktiebolaget SCA106030EUROMIDAFRRESUPDSWE78401S15105020 151050 1510 15SCA Finans, AB330225EUROMIDAFRGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1649724ccbn/T1649724norm9/14/2007 5:06:00 PMSvenska Cellulosa Aktiebolaget SCA54.0000FinalSvenska Cellulosa Aktiebolaget SCA and Statkraft in major wind power venture and to study eco-friendly extension of hydropower - Conference Call TranscriptSCA.ST10:30am CET... - Svenska Cellulosa Aktiebolaget - CFO and acting CEO (Translated) Okay. I would like to welcome all of you here today to this press meeting. At the same time, I would also like to apologize for the fact that it was pretty close -- pretty short time when we gave the notification of this meeting. But as has been made clear from the press release today, SCA and Statkraft have signed an agreement about cooperating on energy issues. One of these contracts is about long-term electricity supplies to our industrial plant in Northern Sweden -- Central Sweden, Northern Sweden. Another deals with large-scale development of wind power on SCA land in Central Northern Sweden. And the third is intended to assess the possibilities of extending hydroelectric power in an environmentally acceptable way in certain watercourses in Northern Sweden. When it comes to wind power, then the plans comprise the production of about #### TWH per year when we finally completed it, and we can compare this for instance... TranscriptT1649724Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/596347spcred/596347normThe latest Summary from S&P8/15/2007 8:28:22 AMSummary175global596347SwedenPaper ProductsEurope, Middle East, AfricaGlobal IssuersCorporationsForest ProductsSummaryThe ratings on Sweden-based hygiene and packaging paper producer Svenska Cellulosa Aktiebolaget SCA (SCA) reflect the group's diverse earnings base, leading positions in core hygiene and packaging markets, high level of integration, and intermediate financial risk profile. At June 30, 2007, SCA had total debt of about Swedish krona (SEK) 40.1 billion (€4.3 billion), excluding operating leases and postretirement liabilities. The group has leading positions in most of its hygiene products and integrated packaging products businesses, which account for about 70%-75% of operating profits. SCA is also well diversified geographically, and has relatively high levels of fiber and pulp integration. These factors contribute to more stable earnings and cash flow development than is usual for the cyclical forest products industry.SWE86958715105020 151050 1510 15Svenska Cellulosa Aktiebolaget SCA106030EUROMIDAFRSUMMARYGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1594473ccbn/T1594473norm7/24/2007 3:30:00 PMSvenska Cellulosa Aktiebolaget SCA54.00FinalQ2 2007 Svenska Cellulosa Aktiebolaget SCA Earnings Conference Call TranscriptSCA.ST2:00pm CET... - Svenska Cellulosa Aktiebolaget SCA - President & CEO So, welcome everybody to SCA half-year report ####. A special thank you for all of you coming here today, visiting us live but also for those who are really following us from webcast. I know that some of you at, at least, are on holiday, so if you want to see us we are happy for that. And I also want to say a big thank you to Amelia, the [little] lady here and, of course, summer is a good season for swim pants. And, well, (expletive) happens also in a swimming pool. Okay, shall we start? And taking us to the first summary what is [had] in the first quarter. And in the report in April we foresaw a pretty sharp raw material increase in costs. And we also saw, and you can of course follow that here, a sharp and a good growth and we also have delivered good growth. The first quarter was, I would say, a little bit affected by lower volume in Personal Care. The second quarter we can foresee that we have a growth -- organic growth of roughly... TranscriptT1594473Credit & Investment ResearchThomson Street Events