Slide 1: Earnings Conference Call 4Q24
Earnings Conference Call 4Q24
Slide 2: Disclaimer
Disclaimer 2 This presentation contains what are considered “forward-looking statements,” as defined in Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act, as amended. Some of these forward-looking statements are identified with words such as “believe,” “may,”
Slide 3: 2024: Ribas' outstanding performance drives record sales and deleveraging
3 2024: Ribas’ outstanding performance drives record sales, enhances competitiveness and deleveraging HIGHLIGHTS 1 Excluding Consumer Goods – Includes October and November/24 operations of Suzano Packaging US (assets acquired from Pactiv Evegreen). 2 Operating Cash Generation = Adjusted EBITDA less
Slide 4: Paper and Packaging Business
2,568 2,165577 601 560 6,377 5,9555,793 5,985 6,195 736 761 353 428 1,103 1,188 Paper Sales¹ (‘000 ton) Average Net Price (R$/ton) 4Q23 3Q24 4Q24 2023 202 200 230 117 95 137 320 295 367 4Q23 3Q24 4Q24 2024 PAPER AND PACKAGING BUSINESS Solid operational performance in the quarter, with integration of
Slide 5: Pulp Business
572 670 583 2,999 3,472 Average FX 3,756 5,697 5,730 600 644 2,761 2,635 3,284 PULP BUSINESS Sales Volume (‘000 ton) 4Q23 3Q24 4Q24 10,215 10,865 2023 Average Net Price – Export Market ($/ton) Adjusted EBITDA and EBITDA Margin (%) 15,195 20,866 4Q23 3Q24 4Q24 2023 R$ 4.96 R$ 5.55 R$ 5.84 R$ 5.00 Rec
Slide 6: Pulp Business: Pulp Cash Cost 4Q24 vs. 3Q24 and 4Q23
176 339 359 337 316 (36) 4Q23 (25) Wood (12) Input (2) Fixed Cost (6) Energy 35 FX 174 (42) 4Q24 816 807 -1% 185 364 359 347 316 (33) 3Q24 (32) Wood (15) Input (11) Fixed Cost (9) Energy 11 FX 174 (42) 4Q24 863 807 -7% PULP BUSINESS Pulp Cash Cost – 4Q24 vs. 3Q24 (ex-downtimes – R$/ton) Pulp Cash Co
Slide 7: Ribas do Rio Pardo Unit
RIBAS DO RIO PARDO UNIT A new record set to the P&P industry: learning curve completion in less than 6 months Learning curve progress Total capex timeline (R$ billion) 0.1 0.7 7.4 8.5 4.5 0.9 2020 2021 2022 2023 2024 2025 Actual Expected 71% 89% 98% 100% 80% 100% 3Q24 4Q24 1Q25 2Q25 Expected progres
Slide 8: Financial Management: Net Debt, Leverage and Liquidity
Net Debt Dec. 2023 1.8 Capital for Allocation¹ 1.5 Capex ex-maintenance² Pro-forma Dec. 2024 0.7 0.8 Share buyback and Interest on Equity Net Debt Dec. 2024 11.5 11.2 12.8 3.0 3.2 3.33.1 3.1 2.9 3.6 1.5 1.5 1.8 1.6 2.5 1.3 0.8 5.7 7.4 Net Debt (US$ billion) 8 Sep/24Dec/23 Dec/24 1 Adjusted EBITDA (-
Slide 9: Financial Management: Hedging and Financial Results
Put / Call 5.36 6.16 Portfolio Average 73% FX gap coverage Notional @ Dec/24: US$ 6.9 billion Current portfolio – ZCC Cash Flow Hedging (R$) Financial Results - 4Q24 (R$ billion) -1.1 -9.8 -3.8 -0.1 -0.1 -15.6 -1.2 Effects related to cash flow hedge Net interest over debt ∆ FX on debt in US$ ∆ MtM o
Slide 10: 2024 Shareholder remuneration
2024 Shareholder remuneration FINANCIAL MANAGEMENT Interest on Equity Total in 2024: R$4.3 bn R$1.5 bn Disbursement2: Jan. 10th, 2024 Payment per share3: R$1.16 R$2.8 bn Amount of Shares1: 51 million Average price: R$54.88 Share Buyback ¹ 4th program completed and 5th program ongoing | 2 Distributio
Slide 11: Looking ahead…
Looking ahead… o Unexpected events once again are playing a significant role in pulp price dynamics o Higher pulp sales volume still to come in 2025 with Ribas mill o Flattish cash cost in 2025 over 4Q24, despite short-term uptick in 1Q25 o Suzano Packaging US operations progressing in line with bus
Slide 12: Q&A 4Q24 Investor Relations
Q&A 4Q24 Investor Relations ir.suzano.com.br ri@suzano.com.br