THE FOREST OF NEW OPPORTUNITIES
More with Biofore UPM More with Biofore 6 UPM UPM UPM UPM UPM UPM ENA UPM UPM UPMUPM UPM UPM 2
UPM UPM UPM UPM UPM 3
UPM UPM Biofore 4
2 EBITDA 2 1 2 10% UPM UPM UPM UPM 3 4 UPM UPM 6 EBITDA 5
UPM Biohouse Biofore House LEED Biofore 6
Biofore UPM UPM Biofore UPM UPM 2 60% 7
UPM UPM 1 2 3 4 5 1. 2. 3. 4. 5. 6. 8 6
2014 UPM BioVerno UPM BioVerno 100% 100% UPM BioVerno 10 Biofore Biofore Biofore UPM 2014 3 UPM UPM Formi UPM Grada UPM UPM BioVerno 9
UPM BioVerno UPM BioVerno UPM UPM UPM UPM 4 150 10
UPM UPM 4 330 3 1 UPM UPM Canfor Pulp 11
UPM UPM UPM 2 2 1,610 78% UPM UPM 2 UPM UPM 12
UPM UPM UPM UPM UPM UPM 1kg 13
UPM 18 1020 UPM UPM UPM 36% UPM UPM 1 100 14
UPM UPM UPM Grada UPM UPM UPM UPM CoC 80% 15
UPM UPMUPM ProFi UPM Formi 100% UPM UPM Formi UPM ProFi UPM ProFi 16
UPM UPM UPM UPM 17
UPM UPM 2013 2012 10,054 10,492 EBITDA 1,155 1,312 11.5 12.5 548 1,318 683 556 6.8 5.3 475 1,271 610 471 335 1,122 0.63 2.14 0.91 0.74 1.39 1.98 14.08 14.18 41 43 3,040 3,210 18
2013 EBITDA 115 UPM UPM UPM UPM UPM UPM 2013 115 UPM UPM UPM UPM UPM UPM 2013 *) 1,100 UPM UPM UPM UPM UPM UPM 2013 20,950 0 UPM 11% UPM 0% UPM 14% UPM7% UPM 53% UPM 12% 3% 19
www.upm.com UPM 107-0062 5-9-19 MAR S Tel: 03-5778-2660 Fax: 03-5778-5062 980-0811 4-6-1 Tel: 022-726-6730 Fax: 022-726-6731 www.upm-japan.com UPM Finesse 250 g/m 2 UPM Finesse 150 g/m 2 400/22 500. Printed 5/2014. Copyright UPM-Kymmene Corporation