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2011 - Cascades

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OVERVIEW – BALANCED PLAY<br />

Boxboard Europe<br />

PPackaging k i<br />

77% of Sales<br />

66% of EBITDA<br />

Containerboard<br />

<strong>Cascades</strong><br />

Q1-2012 LTM Sales1 : $3,780<br />

Q1-2012 LTM EBITDA1, 2 Q1 2012 LTM EBITDA : $274<br />

, : $274<br />

Specialty Products<br />

24% of Sales<br />

31% of Sales<br />

22% of Sales<br />

21% of f EBITDA 31% of f EBITDA 14% of f EBITDA<br />

($ in millions)<br />

Ti Tissue PPapers<br />

23% of Sales<br />

34% of EBITDA<br />

Exposure to two healthiest P&P sectors and less cyclical cyclical end-markets<br />

end markets<br />

1 Adjusted for the full year consolidation of Reno de Medici and Papersource.<br />

2 EBITDA excluding specific items and discontinued operations. Breakdown of sales and EBITDA before eliminations & corporate activities.<br />

4

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