company presentation

Company Presentation

19 April 2023 StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma2

Stora Enso in Brief

Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader.


Stora Enso in Brief

Paper

• A world leader– 15.7 million tonnes of paper and board – 7.4 million m3 of sawn and processed wood products

• Three core product areas – Paper, Packaging Boards and Forest Products

• Sales: EUR 12.2 billion • Approximately 44 000 employees in 40 countries• Market capitalisation: EUR 9.1 billion • Shares listed on Helsinki, Stockholm and New York stock exchanges

Packaging Boards

Forest Products


Mission, Vision and Values

We promote communication and well-being of people by turning renewable fibre into paper, packaging and processed wood products

We will be the leading forest products company in the world– We take the lead in developing the industry– Customers choose us for the value we create for them– We attract investors for the value we create– Our employees are proud to work with us– We are an attractive partner for our suppliers

– Customer focus - ”We are the customers’ first choice”– Performance - ”We deliver results”– Responsibility - ”We comply with principles of sustainable development”– Emphasis on people - ”Motivated people create success”– Focus on future - ”We take the first step”

Mission

Vision

Values


Major Structural Changes

1986 Tervakoski,Kitee acquisition 1987 Ahlström,

Varkaus Mills

1990 Soustre,acquisition

1990 Sale of Veneerindustry

1993 TampellaForest acquisition

1993 Sale of Eurocan

1995-6 Veitsiluoto acquisition

1997 Holtzmann acquisition

1998 Schweighofer acquisition

1984 Billerud acquisition

1986 Kopparkraftsales and leaseback

1987 Papyrusacquisition

1990 Feldmühle acquisition

1998 Suzhou acquisition

1998 Stora Enso merger

1999 Sale of various non-core assets; office buildings, shipping line etc.

1999 Sale of technical office papers

1999 Sale of Dalum mill, fine papers

2000 Gruvön mill Billerud

1999 Sale of Tervakoski mill, speciality papers

2000 Close down of Newton Kyme mill, packaging2001 Pulp division dissolved

2000 Sale of power assets outside mill2000 Consolidated Papers Inc. acquisition

2002 Divestment of Finnish forests2002 Sylvester acquisition, Timber

2004 Divestment of Swedish forests


Packaging Boards MillsPackaging Boards Mills

Packaging Boards

Pulp in bales

Saint-Seurin-Sur-L’Isle

WisconsinRapids

Saint-Seurin-Sur-L’Isle

BarcelonaTolosa

Milton Keynes

Newcastle

Bolton

Ruovesi Hammarby

ForsVikingstadJönköping

SkoghallForshaga

Varkaus

Uimaharju

Kristiinankaupunki

ImatraKotkaIngeroisKarhulaLoviisa

Riga

Kaunas

HeinolaLahti

Balabanovo

Baienfurt

LübeckEdam

Göteborg

Tallinn

KlaipedaPáty

Bäckefors

Mohed

Krefeld

Pori

Cordoba Lamia

Pankakoski

Tartu

Valencia

Hangzhou

Pasir Gudang

Skene

Arzamas

Jülich


Towards superior performance

Company strategy: “Stora Enso wants to achieve operational excellence, superior performance and image in sustainability”

Mission: Our products promote well-beingVision: We take the lead Values: ResponsibilityPolicy: Code of Ethics

Environmental andSocial Responsibility

CSR PrinciplesEnvironmentalPrinciples

Code of Ethics: Provides links to all relevant policies and principles

Accountability: Transparency, Stakeholder dialogue

Economic EnvironmentalSocial(CSR)

Sustainability(Corporate Responsibility)


Dow Jones Sustainability Index• Tracks the performance of leading

sustainability-driven companies worldwide • Stora Enso has been included since the

launch in 1999 (six times now)

FTSE4Good index• Index series for socially responsible investors• Assesses achievements in:

– upholding and supporting universalhuman rights

– developing positive relationships with stakeholders

– working towards environmental sustainability

Sustainability Indexes


Leading Producersof Paper and Board, October 2004

Capacity in 1 000 tonnes

Source: Jaakko Pöyry Consulting

0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000

SCA

Abitibi-Consolidated

Smurfit-Stone Container Corp.

Nippon Paper Group, Inc.

Weyerhaeuser Corp.

Georgia-Pacific Corp.

Oji Corporate

UPM-Kymmene

International Paper

Stora Enso

StoraEnso Packaging in Russia


Corrugated market in Russia 1995-2010

1,416.7

0

500

1,000

1,500

2,000

2,500

x 1

million

m2


M2 / Region

North-West240,1 Mln m215,3%

Central576,7 Mln m236,8%

Volga East265,4 Mln m216,9%

Other335,5 Mln m221,4%


History History

Sep ‘97

Enso Oy decision

Construction starts

Oct ‘97

First boxes producedOct ‘98

Official opening of Balabanovo-plantMay ‘99

BB Ready goods warehouse extendedSep ‘00

BB Plant extension

Apr ‘01 –March ‘02

StoraEnso decision of Arzamas

In 2002

1Q 2004

Arzamas start-up

Dec ’04

Arzamas extension


SEPack in Russia

Stora Enso Packaging

Investment

Production

Personnel

Personnel

Start

MEUR > 90

220 million m2

> 300

End of 1998 Balabanovo1Q- 2004 Arzamas


Why Kaluga region? Why Kaluga region?

Market Proximity to Moscow

Authorities Active support on all levels

Personnel High potential human resources


Information as it happens:www.storaenso.com

www.storaenso.com/investors

company presentation

Documents

aprilturpeinen jormastora

aprilturpeinen jormamission

sale of power assets

forest products sales

briefstora enso

integrated paper

tonnes of paper

people motivated people