This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sappi Limited's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Sappi Limited (SPP)

Q2 2012 Earnings Call

May 10, 2012 9:00 am ET

Executives

Roeloff Jacobus Boëttgerr - Chief Executive Officer, Executive Director and Member of Group Executive Committee

Alexander van Coller Thiel - Member of Group Executive Committee and Chief Executive Officer of Sappi Southern Africa

Barry John Wiersum - Chief Executive Officer of Sappi Fine Paper Europe

Mark Gardner - Chief Executive Officer, President and Director

Analysts

Caroline Learmonth - Barclays Capital, Research Division

Lars Kjellberg - Crédit Suisse AG, Research Division

Nishal Ramloutan - UBS Investment Bank, Research Division

Sean Ungerer - Avior Research (Pty) Ltd.

Ross Gilardi - BofA Merrill Lynch, Research Division

CJ Baldoni

Kevin J. Cohen - Imperial Capital, LLC, Research Division

Nitin Dias - JP Morgan Chase & Co, Research Division

Presentation

Operator

Good day, and welcome to the Sappi Limited Second Quarter Results. [Operator Instructions] Please also note that this conference is being recorded. I would now like to hand the conference over to Roeloff Boëttgerr. Please go ahead, sir.

Roeloff Jacobus Boëttgerr

Thank you very much. Good morning, and good afternoon to you ladies and gentlemen, and thank you very much for dialing in to our second quarter results presentation. If I could, as usual, draw your attention to the second slide forward-looking statements and Regulation G disclosure requirements.

Moving on to Slide 4, the quarter results. Profit for the quarter, $58 million, a big improvement on the equivalent quarter year ago. Consequently, also, earnings per share at $0.11, and taking it on a year-to-date to $0.20 a share. Cash generation for the quarter strongly in line with the equivalent quarter a year ago at $91 million. And our net debt, despite quite a lower CapEx in terms of our projects, at $2.1 billion.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs