SCA's Presentation at the Cheuvreux Pan Europe Forum 22 May 2012

Cheuvreux conferenceMats Berencreutz, Executive Vice President

Net sales of SEK 106bn

44,000 employees and sales in more than 100 countries

World’s third-largest hygiene company

TEN and Tork are leading global brands for incontinence care and AFH tissue

Europe’s second-largest packaging company*

Europe’s largest private forest owner

Europe’s second-largest sawmill company

222 May 2012

SCA Group in 2011

* In January 2012 SCA announced that the Packaging business, excluding the two kraftliner mills, are being divested

May 2012

North America

AFH tissue: 3

Incontinence products: 3

Mexico

Incontinence products: 1

Consumer tissue: 2

AFH tissue: 3

Feminine care: 1

Baby diapers: 3

Colombia

Incontinence products: 1

Feminine care: 1

Tissue: 1

Nordic region

Incontinence products: 1

Baby diapers: 1

AFH tissue: 1

Consumer tissue: 2

Europe

Tissue: 1

Corrugated board: 2

Solid-wood products: 2

Baby diapers: 3

Incontinence products: 1

Private forest owners: 1

Asia

Incontinence products: 1

Globally

Incontinence products: 1

AFH tissue: 2

Leading market positions Globally and regionally

33

4

Strong global and regional brandsTwo global billion EUR brands

North America

Eastern Europe

Asia Pacific

Europe

Latin America

May 20124

Major changesAcquisition of Georgia-Pacific’s European tissue operationsDivestment of the Packaging business, excluding

the two kraftliner millsEstablished joint venture in Australia/New ZealandAcquisition of Everbeauty an Asian hygiene products company Increased shareholding in VindaAcquisition of PISA in ChileNew hygiene organizationAcquisition of PLF a French solid-wood products company

May 201255

Creates a leading European tissue company

Strengthens SCA’s product offering and geographic presence

Sales: EUR 1.25bn

Purchase price: EUR 1.32bn

Annual synergies: EUR 125m

With full implementation of synergies, earnings per share are expected to increase by approximately SEK 1.70

Acquisition of Georgia-Pacific’s European tissue operations

May 201266

Georgia-Pacific acquisitionSubstantial synergies

Annual synergies: EUR 125m

Improves Tissue EBIT margins by 2-2.5 percentage points

Full effect in 3 years after closing

Related costs: EUR 130m

Increased supply chain efficiency Optimization of logistics

More efficient sourcing

Improved SG&A and A&P efficiency

7 May 2012

25%35%

European Consumer tissue market

European AFH tissue market

SCA SCA and GP

20% 30%SCA SCA and GP

8

Georgia-Pacific acquisitionEnhances SCA’s presence in Consumer and AFH tissue

May 2012

SCA’s Consumer tissue sales

40% 50%

Branded Branded

SCA SCA and GP

9

Retailers’brands

Retailers’brands

Georgia-Pacific acquisitionIncreased share of branded consumer tissue sales

May 2012

Divestment of Packaging operations

Divestment of Packaging operations to DS Smith

Excludes SCA’s two kraftliner mills in Sweden

Sales: SEK 24.4bn

Purchase price: EUR 1.7bn on a debt-free basis

Earnings per share declines by SEK 0.73*

* Based on earnings for the period for 2011

May 20121010

Net sales of SEK 92bn

37,000 employees and sales in more than 100 countries

World’s second-largest hygiene company

TEN and Tork are leading global brands for incontinence care and AFH tissue

Europe’s largest private forest owner

Europe’s second-largest sawmill company

111111 May 2012

SCA GroupAfter completion of ongoing transactions

12

46% 60%

40%54%

~20%*

~80%*

SCA GroupHygiene business is growing

% of net sales

Forest Products and Packaging

Hygiene products(Personal Care and Tissue)

* Provided that the Packaging divestment and the acquisition of Georgia-Pacific’s European tissue business are closed according to plan.

May 2012

SCA Group’s strategic priorities

EFFICIENCY INNOVATION GROWTH

13 May 2012

Efficiency

May 2012

Restructuring programme in baby diapers in Europe completedEfficiency programme Mainly related to Personal Care and TissueAnnual cost saving: SEK 700mGradual impact in 2012-2013

Investments in upgrade of existing and new capacity

1414

15

InnovationStrengthens market positions and profitability

May 2012

GrowthOrganic growth of 4%* High growth in emerging marketsAcquisition of Georgia-Pacific´s European tissue

operationsAcquisition in Brazil

Pro Descart, No. 2 in incontinence care

Acquisition in TurkeySan Saglik 95%, No. 2 in incontinence careKomili 50%, No. 4 in baby diapers and feminine care

Acquisition of Everbeauty an Asian personal care company Continued expansion of wind power opportunitiesOngoing projects totalling 4 TWh

May 2012

* Q1 2012 compared with Q1 2011, excluding exchange rate movements and divestments

1616

Sales: SEK 1.6bn*

Sales split: baby diapers 60% and incontinence products 40%

Purchase price: SEK 1.9bn

Sales in China, Taiwan and Southeast Asia

Strong brands, market positions and distribution• Incontinence care products

• No. 2 in China and No. 1 in Taiwan• Baby diapers

• No. 5 in China and Taiwan

Closing expected during summer 2012

Acquisition of EverbeautyLeading Asian personal care company

* 2010 sales

May 201217 May 2012

Global population growth

An aging population

Increased market penetration

Higher disposable income

Customers and consumers demand more comfort and sustainability

GrowthGrowth potential for hygiene products

18 May 2012

19

Western Europe Eastern Europe Latin America AsiaNorth America

GrowthHigh potential in markets with low penetration

Usage of hygiene products

Units/capita/year Units/child/year Units/woman/year Kg/capita/year

May 2012

20

35%

Mature markets

Emerging markets

% of Personal Care sales

Q1 2012 Emerging markets sales growth:

Personal Care: +23%*

Tissue: +14%*

GrowthHigh growth in Emerging markets

* Adjusted for exchange rate movements

18%

Mature markets

% of Tissue sales

Emerging markets

20 May 2012

Q & A

21 May 2012

Johan Karlsson, VP Investor RelationsTel: +46 8 788 51 30

Jessica Ölvestad, Manager Investor RelationsTel: +46 8 788 52 82

IR Contacts:

Email: [email protected] Website: www.sca.com