Mercer International Inc. · NASDAQ:MERC
Mercer International — Shareholder Meeting (May 2025)
11 slides from Mercer International's shareholder meeting presentation, May 30, 2025
Slide 1: 2025 Annual General Meeting of Shareholders
2025 Annual General Meeting of Shareholders William McCartney, Chairman Juan Carlos Bueno, President and CEO May 30, 2025
Slide 2: Forward-looking Statements
2025 AGM Forward-looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward -looking statements. Certain information included in this presentation contains statements that are forward -looking, such as statements relating to results of operations and
Slide 3: Agenda
2025 AGM Agenda Welcome: William McCartney, Chairman Pre se n ta tio n : Ju a n Ca rlo s Bu e n o , Pre sid e n t a n d CEO Bu sin e ss p o rtio n o f th e An n u a l Ge n e ra l Me e tin g: Willia m McCa rtn e y • Pro p o sa l 1: Ele ctio n o f Dire cto rs • Pro p o sa l 2: No n -b in d in g Ad vis
Slide 4: Operational Execution & Financial Discipline
2025 AGM Operational Execution & Financial Discipline 01 02 03 04 Disciplined Execution Strategic Focus Sustainable Impact Portfolio Optimization _____________________ _____________________ _____________________ _____________________ Strengthened operational Reducing commodity exposure Pulp, timber,
Slide 5: Market Overview & Operational Milestones
2025 AGM Market Overview & Operational Milestones Strong pulp pricing offset lumber softness; key mass timber and legacy milestones show strategic progress ➤ Resilient Pulp Pricing ➤ Mass Timber Performance • NBSK prices rose due to tighter global supply • Revenue and margins improved despite constr
Slide 6: Capital Allocation & Efficiency
2025 AGM Capital Allocation & Efficiency Disciplined investment and strategic divestment to sharpen operational focus ➤ $84M Invested Across Operations • Focused on maintenance capital and efficiency upgrades • Supports cost discipline and long -term asset reliability ➤ Strategic Project at Torgau •
Slide 7: Financial Performance
2025 AGM Financial Performance $2,000 m 2024 Financial Highlights Operational turnaround driven by EBITDA recovery and balance sheet progress Debt & Capital Update $1,500 m • Repaid $100M in principal • Refinanced $300M in senior notes ▲ Total Revenues: $2.0B • Initiated long -term deleveraging • Fl
Slide 8: Sustainability & Safety
2025 AGM Sustainability & Safety Applying operational discipline to climate, efficiency, and safety ➤ Sustainability Progress ➤ Industry Recognition • Scope 1 emissions intensity down 5%; 2030 target • Mercer Mass Timber received 2024 SFI President’s raised from 35% to 50% Award • 83% of fuel -based
Slide 9: Market Expectations
2025 AGM Market Expectations ➤ Strong Softwood Pulp Outlook • Low inventories, limited new supply • Favorable pricing environment for NBSK Navigating 2025 supply constraints, demand shifts and policy uncertainty ➤ Continued Pressure on Hardwood Pulp • Oversupply persists from new capacity • Mercer b
Slide 10: Future Forward
2025 AGM Future Forward Positioning Mercer for margin resilience, product innovation, and long-term competitiveness ➤ Efficiency Program Launched ➤ Renewable Product Development • Targeting $100M in improvements by end of 2026 • Lignin pilot plant in operation • ~$40M identified for 2025 • Advancing
Slide 11: Mercer International Inc.
Mercer International Inc. 1120 – 700 W Pender Street Vancouver, B.C. V6C 1G8 Canada mercerint.com
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