Slide 1: 2Q24 Earnings Presentation
2Q24 Earnings Presentation ri.klabin.com.br
Slide 2: Disclaimer
ri.klabin.com.br 2Q24 Earnings Presentation DISCLAIMER This presentation may contain forward-looking projections or statements. Such statements are exposed to known and unknown risks and different nature uncertainties that may cause these expectations not to materialize or to differ materially from
Slide 3: 2Q24 Performance – Sales Volume
ri.klabin.com.br 2Q24 Earnings Presentation 2Q24 PERFORMANCE – Sales Volume Pulp Total Sales¹ Adjusted EBITDA by SHORT FIBER 25% 995 Segment3 2Q24 371 254 k tons k tons k tons R$ 2.052 bn LONG FIBER/FLUFF 117 k tons 12% Convertion (Integration) Paper - Market Pulp COATED BOARD 22% CORRUGATED Paper &
Slide 4: 2Q24 Results
ri.klabin.com.br 2Q24 Earnings Presentation 2Q24 RESULTS Exchange rate R$ / US$ 2Q23 2Q24 Sales volume driven up by the ramp-up of PM27 and PM28, lower costs Average dollar 4.95 5.21 and appreciation of the US$ dollar against the real leveraged the results Sales Volume¹ Net Revenue² Adjusted EBITDA
Slide 5: Total Cash Cost
2Q24 Earnings Presentation ri.klabin.com.br TOTAL CASH COST Consistent reduction in cash cost per ton, down 11% in 2Q24 compared to 2Q23 Total Cash Cost1 COGS1 Sales and G&A expenses (R$ per ton) (R$ per ton) (R$ per ton) -11% -12% -3% 3,243 -4% 2,984 2,890 2,522 2,295 2,213 -4% +1% 686 650 658 2Q23
Slide 6: Net Debt and Leverage
2Q24 Earnings Presentation ri.klabin.com.br NET DEBT AND LEVERAGE Leverage remains within the parameters of the Financial Indebtedness Policy1 Position on 06/30/2024 (R$ billions) Gross Debt 36.7 Cash² 13.0 Net Debt 23.8 3.6 3.5 3.5 3.2 3.0 3.2 3.3 2.7 2.7 2.7 2.7 2.8 3.5 3.3 3.1 2.6 3.2 3.2 2.9 2.7
Slide 7: Amortization Schedule
2Q24 Earnings Presentation ri.klabin.com.br AMORTIZATION SCHEDULE Robust cash position and extended debt profile. Cash of US$ 1.2 billion for Caetê Project¹ payment 2Q24 1Q24 In months 15,739 Average Debt Maturity 88 90 Revolving Credit 2.779 US$ Cost of Debt in US$ (p.y.) 5.7% 5.7% Facility² 52% 48
Slide 8: Dividends & IOC
ri.klabin.com.br 2Q24 Earnings Presentation DIVIDENDS & IOC R$ million considering accrual basis Dividend 5.7% 5.7% Yield¹ 1.340 1.422 2023 LTM Jun/2024 Dividends + IOC (R$ millions) 2Q24² Dividends: R$ 410 million Dividend Policy³: Target between 15% and 25% of Adjusted EBITDA 1 – Calculated based
Slide 9: Expected Trend
ri.klabin.com.br 2Q24 Earnings Presentation EXPECTED TREND¹ Demand Sales Price³ Negative trend Neutral trend Positive trend (Market) Volume² Short Fiber PULP Long Fiber/Fluff Coated Boards PAPEL PAPER Kraftliner Corrugated Boxes PACKAGING Industrial Bags 1 – Adjusted by production mix and sales geog
Slide 10: Appendix
Appendix EFFICIENCY THAT van) TRANSFORMS, Klabin
Slide 11: Pulp
2Q24 Earnings Presentation ri.klabin.com.br PULP Higher short fiber prices, appreciation of the US$ dollar against the real, flexibility between geographies and mix of fibers combined with cost discipline favored the result Sales Volume Short Fiber and Long Production Cash Cost (Thousand tons) Fiber
Slide 12: Paper
2Q24 Earnings Presentation ri.klabin.com.br PAPER Sales volume benefited by the ramp-up of PM27 and PM28 and growing demand for coated board and containerboard COATED BOARD CONTAINERBOARD Sales Volume Net Revenue Sales Volume Net Revenue (Thousand tons) (R$ millions) (Thousand tons) (R$ millions) 20
Slide 13: Corrugated Boxes
2Q24 Earnings Presentation ri.klabin.com.br CORRUGATED BOXES Strong demand led to 5% growth in the corrugated boxes sales volume in the annual comparison Sales Volume Net Revenue (R$ millions) (thousand tons) (millions m²) +1% +5% 1,281 1,292 +5% 386 404 216 226 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 13
Slide 14: invest@klabin.com.br ri.klabin.com.br
invest@klabin.com.br ri.klabin.com.br/