Slide 1: 1Q23 Earnings Presentation
1Q23 Earnings Presentation ri.klabin.com.br
Slide 2: Disclaimer
ri.klabin.com.br Earnings Presentation 1Q23 DISCLAIMER This presentation may contain forward-looking projections or statements. Such statements are exposed to known and unknown risks and uncertainties that may cause these expectations not to materialize or to differ materially from those anticipated
Slide 3: 1Q23 Highlights
ri.klabin.com.br Earnings Presentation 1Q23 1Q23 Highlights ADJUSTED EBITDA REACHES R$ 1.942 BILLION IN 1Q23, GROWTH OF 13% COMPARED TO 1Q22 Adjusted FCF Yield ¹ ROIC Net Revenue (Return on Invested Capital)² R$ 4.831 bi 20.6% R$ 4.6 bi last twelve 19.4% +9% compared to 1Q22 months (last twelve mont
Slide 4: 1Q23 Results
ri.klabin.com.br Earnings Presentation 1Q23 1Q23 RESULTS Solid quarter result shows the strength of the integrated, diversified and flexible business model Sales Volume¹ Net Revenue² Adjusted EBITDA by Segment³ (excludes wood sale – thousand tons) (R$ million) (R$ million) +9% 40% 39% -2% 4,831 EBIT
Slide 5: Pulp
Earnings Presentation 1Q23 PULP EBITDA boosted by higher price levels, fiber diversification and sales mix across geographies Net Revenue Production Cash Cost² Adjusted EBITDA (thousand tons) (R$/t) (R$ million) US$ US$ US$ 247/t¹ 255/t¹ 261/t¹ +26% -6% +5% +1% +42% 1,821 1,711 1,291 1,338 1,355 945
Slide 6: Coated Board
Earnings Presentation 1Q23 COATED BOARD Net Revenue boosted by price adjustments Resilient market creates good conditions for the new PM28 capacity Sales Volume Net Price Net Revenue (thousand tons) (R$/t) (R$ million) +14% +8% 5,621 -2% 4,947 5,208 +11% 175 172 965 868 1Q22 1Q23 1Q22 4Q22 1Q23 1Q22
Slide 7: Free Cash Flow (FCF)
ri.klabin.com.br Earnings Presentation 1Q23 FREE CASH FLOW (FCF) Strong operating cash generation led Adjusted FCF to 20.6%, growth of 6.5 p.p. when compared to 1Q22 LTM LTM 1Q23 4Q22 1Q22 R$ million 1Q23 1Q22 Adjusted EBITDA 1,942 1,905 1,726 8,148 7,336 (-) Capex¹ (1,175) (1,582) (999) (5,992) (4,
Slide 8: Net Debt and Leverage
ri.klabin.com.br Earnings Presentation 1Q23 NET DEBT AND LEVERAGE Higher EBITDA contributed to maintain the Company’s leverage level close to the minimum required by the Policy for Finance Leverage As of 03/31/2023 Gross Debt R$ 28.0 billion Cash² R$ 7.1 billion 4.7 4.4 4.6 4.2 Net Debt R$ 20.9 bill
Slide 9: Amortization Schedule
ri.klabin.com.br Earnings Presentation 1Q23 AMORTIZATION SCHEDULE Average debt maturity of ~8.8 years and 47 months of cash debt coverage 9,616 2020 2021 2022 1Q23 In months Revolving Average Debt Maturity 116 105 109 105 Credit 2,540 % p.y. Facility¹ Cost of Debt in US$ 5.4 5.1 5.2 5.3 47 months of
Slide 10: Dividends & IoC
ri.klabin.com.br DIVIDENDS & IOC R$ million considering accrual basis Dividend 5.2% 0.1% 2.7% 6.8% 7.8% Yield¹ 1,628 1,671 907 779 23 2019 2020 2021 2022 LTM 1Q23 Dividends + IoC (R$ Million) 1Q23 Dividends+ IoC²: R$ 389 million Dividend Policy³ : Target between 15% and 25% of Adjusted EBITDA Lobo-G
Slide 11: Puma II Project
Earnings Presentation 1Q23 PUMA II PROJECT Klabin on its continuous path of sustainable growth and value creation 1st Machine (PM27) 2nd Machine (PM28) Operating under Construction Start-up in August/21 Start-up planned for June/23 I Ramp-up Physical Advance¹: Financial Advance: Eukaliner® Productio
Slide 12: Investor Relations contact
RI.KLABIN.COM.BR INVEST@KLABIN.COM.BR (11) 3046-8401