Suzano S.a. · BMFBOVESPA:SUZB3
Suzano — Q2 2024 Earnings Presentation
13 slides from Suzano's earnings presentation, Aug 9, 2024
Slide 1: Earnings Conference Call 2Q24
EarningsConference Call2Q24
Slide 2: Disclaimer
Disclaimer Thispresentationcontainswhatareconsidered“forward-lookingstatements,”asdefinedinSection27Aofthe1933SecuritiesActandSection21Eofthe1934SecuritiesExchangeAct,asamended.Someoftheseforward-lookingstatementsareidentifiedwithwordssuchas“believe,”“may,”“could,”“would,”“possible,”“will,”“should,”
Slide 3: Important advances in all strategic avenues
Important advances in all strategic avenues HIGHLIGHTS Pactiv Lenzing Cerrado Project Advancing in the links of the chain, always with a competitive advantage Being bold in expanding to new markets Playing a leading role in sustainability Be “Best-in-Class”in the total pulp cost vision Maintain rele
Slide 4: Strong EBITDA kicks off a deleveraging cycle
Strong EBITDA kicks off a deleveraging cycle HIGHLIGHTS Adjusted EBITDA: Liquidity3 : 2.5 million tons (vs. 2.4 million tons 1Q24 and 2.5 million tons 2Q23) Pulp: 270 thousand tons (vs. 256 thousand tons 1Q24 and 263 thousand tons 2Q23) Paper and packaging1:Pulp Inventory:In line with 1Q24 Operating
Slide 5: Paper and Packaging Business
PAPER AND PACKAGING BUSINESS Better market conditions and solid commercial execution led to higher volumes and prices 1 Excluding Consumer Goods.| ² Excluding impact of Management LTI; 2Q20: -R$22/ton; 2Q21: -R$22/ton; 2Q22: R$23/ton; 2Q23: -R$17/ton; 1Q24: -R$49/ton; 2Q24: -R$5/ton; LTM 2Q24: -R$33
Slide 6: Pulp Business
PULP BUSINESS 2Q23 1Q24 2Q24 10,192 LTM2Q24 2Q23 1Q24 2Q24 LTM 2Q24 Average FX R$4.95 R$4.95 R$5.21 R$5.00 EBITDA increase driven by better prices, FX and sales volume R$ MM R$/ton Margin % 2Q23 1Q24 2Q24 US$ BRL LTM2Q24 Sales Volume (‘000 tons) Average Net Price –Export Market ($/tons) Adjusted EBI
Slide 7: Pulp Business: Pulp Cash Cost
PULP BUSINESS Pulp Cash Cost–2Q24 vs. 1Q24 (ex-downtimes –R$/ton)Pulp Cash Cost –2Q24 vs. 2Q23 (ex-downtimes –R$/ton)Operational performance delivered as planned, keeping the cash cost stability Commodity price effect: -R$7/ton Commodity price effect: -R$42/ton Wood Input Fixed Cost Energy FX 186 34
Slide 8: Cerrado Project: New Ribas do Rio Pardo Mill
CERRADO PROJECT New Ribas do Rio Pardo Mill Successful start-up and all eyes on learning curve progress
Slide 9: Cerrado Project: Successful start-up and learning curve progress
CERRADO PROJECT New Ribas do Rio Pardo Mill Successful start-up and all eyes on learning curve progress ¹ Inside the fence includes investments in industrial and infrastructure. | ² Total Capex Physical progress¹ and financial progress²: 500 1,000 1,500 2,000 2,500 3,000 3Q24 4Q24 1Q25 2Q25 3Q25 Lea
Slide 10: Financial Management
4.0 0.3 1.5 1.5 1.6 1.5 8.5 1.3 1.1 1.1 6.4 9.6 11.4 10.7 10.4 10.5 10.5 10.7 10.9 10.9 11.3 11.5 11.5 11.9 12.0 -1.5 0.5 2.5 4.5 6.5 8.5 10.5 12.5 14.5 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Leverage (Net debt/EBITDA LTM)and Net Debt (US$ billion) FINANCIAL MANAGEMENT Fina
Slide 11: Capital Allocation
Discipline in carrying out the business strategy CAPITAL ALLOCATION ¹Position upto08/08/2024 Shareholder remuneration (2Q21 to 2Q24)4 CONSECUTIVE REPURCHASE PROGRAMS1 (4th program - 84% completed) R$4.6 billion 93 million shares Average price: R$49.44 5th shares buyback program announced Authorized
Slide 12: Investor Day 2024 and Takeaways
Investor Day2024 12.12.24 C-Level presentation + Q&A MS 12.13.24 SITE VISIT (Ribas do Rio Pardo) Takeaways oSolid operating performance as planned Cerrado Project delivered on-time and on-budget Proven financial discipline throughout the investment cycle Capital allocation focused on maximizing long
Slide 13: Q&A 2Q24 Investor Relations
Q&A2Q24Investor Relations ir.suzano.com.br ri@suzano.com.br