1. Company Presentation

2. 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.
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

3. Stora Enso in Brief A world leader
Paper
Packaging Boards
Forest Products
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 employees in 40 countries
Market capitalisation: EUR 9.1 billion
Shares listed on Helsinki, Stockholm and New York stock exchanges
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

4. 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”
Vision
Values
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

5. Major Structural Changes
2004 Divestment of Swedish forests
2002 Sylvester acquisition, Timber
2002 Divestment of Finnish forests
2001 Pulp division dissolved
2000 Close down of Newton Kyme mill, packaging
2000 Gruvön mill Billerud
2000 Consolidated Papers Inc. acquisition
2000 Sale of power assets outside mill
1999 Sale of various non-core assets; office buildings, shipping line etc.
1999 Sale of Dalum mill, fine papers
1999 Sale of Tervakoski mill, speciality papers
1999 Sale of technical office papers
1998 Stora Enso merger
1998 Schweighofer acquisition
1997 Holtzmann acquisition
1998 Suzhou acquisition
Veitsiluoto acquisition
1990 Feldmühle acquisition
1993 Sale of Eurocan
1987 Papyrus acquisition
1993 Tampella Forest acquisition
1990 Sale of Veneer industry
1990 Soustre, acquisition
1986 Kopparkraft sales and leaseback
1986 Tervakoski, Kitee acquisition
1987 Ahlström, Varkaus Mills
1984 Billerud acquisition
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

6. Packaging Boards Mills
Kristiinankaupunki
Pori
Mohed
Ruovesi
Hammarby
Varkaus
Fors
Pankakoski
Vikingstad
Uimaharju
Imatra
Jönköping
Wisconsin Rapids
Kotka
Skoghall
Hangzhou
Ingerois
Forshaga
Karhula
Pasir Gudang
Bäckefors
Loviisa
Newcastle
Göteborg
Skene
Balabanovo
Bolton
Heinola
Arzamas
Milton Keynes
Lahti
Edam
Lübeck
Krefeld
Jülich
Tartu
Baienfurt
Tallinn
Saint-Seurin-Sur-L’Isle
Saint-Seurin-Sur-L’Isle
Páty
Riga
Klaipeda
Kaunas
Packaging Boards
Pulp in bales
Tolosa
Barcelona
Valencia
Cordoba
Lamia
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

7. Towards superior performance
Company strategy: “Stora Enso wants to achieve operational excellence, superior performance and image in sustainability”
Mission: Our products promote well-being
Vision: We take the lead
Values: Responsibility
Policy: Code of Ethics Environmental and Social Responsibility
CSR Principles
Environmental Principles
Code of Ethics: Provides links to all relevant policies and principles
Accountability: Transparency, Stakeholder dialogue
Economic
Environmental
Social
(CSR)
Sustainability
(Corporate Responsibility)
One of Stora Enso values: ’Responsibility’ is defined: ”We comply with principles of sustainable development”
There is along history to report financial matters and also well established procedures for the environmental performance.
The same practice is now being applied to social and socio-economic issues. A year ago the company published its principles for corporate social responsibility. During 2002 the systematic implementation of these principles begun and now we are ready to publish our first report on Corporate Social Responsibility.
I will begin by giving some highlights of Corporate Social Responsibility. I will then mention some key elements of the environmental reporting.
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

8. Sustainability Indexes
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 universal human rights
developing positive relationships with stakeholders
working towards environmental sustainability
The Dow Jones Sustainability Indexes (DJSI World and DJSI STOXX) and the FTSE4Good index series are instruments that help investors identify companies, which create long-term value for the shareholders and for the society at large.
In 2004 Stora Enso shared second position with MeadWestvaco, while UPM-Kymmene was ranked industry leader.
Stora Enso was the industry leader in the Dow Jones Sustainability Index in 2002 and 2003.
The Dow Jones Sustainability Index assesses economic, environmental and social aspects of the 2500 largest companies in the Dow Jones Global Index.
In 2004, 300 companies from 24 countries were selected for the Dow Jones Sustainability Index.
FTSE4Good is an index series for socially responsible investors and it has a special focus on human rights issues.
FTSE is one of the world's leading experts in the creation and management of equity indexes. It is jointly owned by the London Stock Exchange and the Financial Times. It manages and develops globally recognised indexes ranging from the FTSE All-World Index to the real time FTSE Eurotop series and the FTSE 100.
Stora Enso has also been included in the following indexes:
Nordic Sustainability Index
Ethical Index Euro and Global
Climate Leadership Index.
Please note that in addition to various indexes there are several other members of the SRI community who rank Stora Enso. In most cases they are related to banks or funds and their portfolio management. It is very difficult to compare the ratings of various actors, as the methodology used by them varies greatly. We focus on Dow Jones and FT4Good in our communication, as they are well-established and internationally renowned indexes.
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

9. Leading Producers of Paper and Board, October 2004
Capacity in tonnes
Source: Jaakko Pöyry Consulting
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

10. StoraEnso Packaging in Russia

11. Corrugated market in Russia 1995-2010
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

12. M2 / Region North-West Volga East Central Other 240,1 Mln m2 15,3%
16,9%
Central
576,7 Mln m2
36,8%
Other
335,5 Mln m2
21,4%
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

13. History Dec ’04 Arzamas extension 1Q 2004 Arzamas start-up
StoraEnso decision of Arzamas
In 2002
BB Ready goods warehouse extended
Sep ‘00
BB Plant extension
Apr ‘01 –March ‘02
First boxes produced
Oct ‘98
Official opening of Balabanovo-plant
May ‘99
Sep ‘97
Enso Oy decision
Construction starts
Oct ‘97
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

14. SEPack in Russia Investment MEUR > 90 220 million m2 Production
Stora Enso Packaging
SEPack in Russia
Investment
MEUR > 90
220 million m2
Production
> 300
Personnel
Start
End of Balabanovo
1Q Arzamas
Personnel
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

15. Market Proximity to Moscow Authorities Active support on all levels
Why Kaluga region?
Market Proximity to Moscow
Authorities Active support on all levels
Personnel High potential human resources
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma

16. Information as it happens:
19 September, 2018
StoraEnso presentation/Kaluga 15th of April/Turpeinen Jorma