Klabin Sa · BMFBOVESPA:KLBN3
Klabin Sa — Q3 2023 Earnings Presentation
17 slides from Klabin Sa's earnings presentation, Oct 26, 2023
Slide 1: 3Q23 Earnings Presentation
3Q23 Earnings Presentation ri.klabin.com.br
Slide 2: Disclaimer
ri.klabin.com.br Earnings Presentation 3Q23 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: 3Q23 Performance – Sales Volume
ri.klabin.com.br Earnings Presentation 3Q23 3Q23 PERFORMANCE – Sales Volume Pulp Total 967 % of total sales Adjusted EBITDA by volume SHORT FIBER 33% Sales¹ k tons Segment³ 3Q23 426 315 k tons k tons R$ 1.352 bn LONG FIBER/FLUFF 11% 111 k tons Convertion Paper - Market (Integration) COATED BOARDS Pu
Slide 4: Expected Trend in 4Q23 Compared to 3Q23
ri.klabin.com.br Earnings Presentation 3Q23 EXPECTED TREND IN 4Q23 COMPARED TO 3Q23 Demand Prices Short Fiber PULP Long Fiber/Fluff Coated Boards PAPER Kraftliner Corrugated Box PACKAGING Industrial Bags 4
Slide 5: 3Q23 Results
ri.klabin.com.br Earnings Presentation 3Q23 3Q23 RESULTS Sales Volume¹ Net Revenue² Adjusted EBITDA by Segment³ (thousand tons) (R$ million) (R$ million) 42% -5% -20% 1,015 5,488 31% 967 EBITDA Margin Paper & Packaging Foreign 4,400 44% Market 42% -41% Pulp 44% 2,311 33% 1,103 1,352 56% 56% Domestic
Slide 6: Pulp
ri.klabin.com.br Earnings Presentation 3Q23 PULP Geographic flexibility, diversified portfolio and fluff’s record volume benefited the result EBITDA/t³ 3Q23 Pulp R$ 1,031/t Sales Volume Short Fiber and Long (thousand tons) Production Cash Cost² Fiber/Fluff Net Price (R$/t) (US$/t¹) +4% -20% US$ US$
Slide 7: Paper & Packaging
ri.klabin.com.br Earnings Presentation 3Q23 PAPER & PACKAGING Integrated business model and high exposure to the food and beverage segments bring greater stability to results EBITDA/t¹ 9M23 Paper & R$ 1,824/t Packaging + 7% Net Price (R$/t) EBITDA/t¹ Paper Packaging Paper & Packaging (R$/t) -35% +14
Slide 8: Cash Cost
ri.klabin.com.br Earnings Presentation 3Q23 CASH COST Lower costs explained by the drop in the commodities prices, production stoppages due to market conditions and actions to reduce fixed costs and operational efficiency Cash Cost1 Accumulated Cash Cost1 Cash Cost Composition (R$/t) (R$/t) (R$ mill
Slide 9: Free Cash Flow (FCF)
ri.klabin.com.br Earnings Presentation 3Q23 FREE CASH FLOW (FCF) Discipline in investment management and working capital management led Adjusted FCF Yield to 17.6%, a 3.7 p.p growth compared to 3Q22 LTM LTM 3Q23 2Q23 3Q22 R$ million 3Q23 3Q22 Adjusted EBITDA¹ 1,352 1,344 2,311 6,544 7,911 (-) Capex²
Slide 10: Net Debt and Leverage
ri.klabin.com.br Earnings Presentation 3Q23 NET DEBT AND LEVERAGE Company’s leverage within leverage target defined in the Indebtedness Policy Position in 09/30/2023 Gross Debt R$ 28.7 billion Cash³ R$ 7.8 billion 4.6 Net Debt R$ 20.9 billion 4.2 4.0 3.6 4.0 3.2 3.0 2.7 2.7 2.8 3.2 4.0 4.0 2.7 2.7 2
Slide 11: Amortization Schedule
ri.klabin.com.br Earnings Presentation 3Q23 AMORTIZATION SCHEDULE Average debt maturity of ~8.3 years and 47 months of cash debt coverage 10,357 2021 2022 3Q23 Revolving In months Credit 2,504 Average Debt Maturity 105 109 99 Facility¹ % p.y. Cost of Debt in US$ 5.1 5.2 5.5 47 months 6,140 of cash d
Slide 12: Dividends & IOC
ri.klabin.com.br Earnings Presentation 3Q23 DIVIDENDS & IOC R$ million considering accrual basis Dividen 5.2% 0.1% 2.7% 6.8% 5.9% d Yield¹ 1,624 1,358 907 779 23 2019 2020 2021 2022 LTM 3Q23 Dividends + IoC (R$ Million) 3Q23 IOC² : R$ 319 million Dividend Policy³: Target between 15% and 25% of Adjus
Slide 13: Puma II Project: MP28 (Phase II)
ri.klabin.com.br Earnings Presentation 3Q23 PUMA II PROJECT: MP28 (Phase II) New state-of-the-art machine with advanced technology for Coated Board production Second Machine START-UP 2023e 2024e 2025e 2026e 2027e onward Coated Board production June 9, 2023 Flexibility for: White Top Liner and Kraftl
Slide 14: Figueira Project
ri.klabin.com.br Earnings Presentation 3Q23 FIGUEIRA PROJECT Physical Progress New Packaging site: increased corrugated box converting capacity Expected 39% Start-up: 2Q24 Image dated September 2023 Amounts in Gross Capex R$ billion Budget x Expended 0.4 1.139 1.57 billion¹ Image dated September 202
Slide 15: ESG Highlights
ri.klabin.com.br Apresentação de Resultados 3T23 ESG HIGHLIGHTS Progress in 3Q23 strenghens Klabin’s leadership position in sustainability “Platinum” category by Ecovadis Klabin among the top 1% of suppliers with a high rating in sustainability management systems in the world Launch of the Climate T
Slide 16: Click Here
ri.klabin.com.br Apresentação de Resultados 3T23 CLICK HERE November 30th, from 9am to 12:30pm And confirm your presence In-person places are limited The event will be broadcasted live 14
Slide 17: ri.klabin.com.br
RI.KLABIN.COM.BR INVEST@KLABIN.COM.BR SOCIAL MEDIA