Suzano S.a. · BMFBOVESPA:SUZB3
Suzano — Q1 2024 Earnings Presentation
10 slides from Suzano's earnings presentation, May 10, 2024
Slide 1: Earnings Conference Call 1Q24
SUZANO Earnings Conference Call 1Q24 SUZB / B3 LISTED NM SUZ / LISTED / NYSE
Slide 2: Forward-looking statements disclaimer
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,” “could,” “wo
Slide 3: Highlights
HIGHLIGHTS More favorable market scenareriod Sales Volume Pulp: 2.4 million tons (vs. 2.5 million tons 1Q23 and 2.8 million tons 4Q23) Paper and packaging1: 256 thousand tons (vs. 249 thousand tons 1Q23 and 320 thousand tons 4Q23) Pulp Inventory: Partial replenishment to normalize service levels Ope
Slide 4: Paper and Packaging Business
PAPER AND PACKAGING BUSINESS End of destocking, leading to a more balanced market moving forward 1 Excluding Consumer Goods.| ² Excluding impact of Management LTI; 1Q20: - R$30/ton; 1Q21: - R$57/ton ; 1Q22: R$20/ton; 1Q23: - R$10/ton; 4Q23: - R$16/ton; 1Q24: - R$49/ton; LTM 1Q24: - R$36/ton. Paper S
Slide 5: Pulp Business
PULP BUSINESS 1Q23 4Q23 1Q24 LTM 1Q24 1Q23 4Q23 1Q24 LTM 1Q24 Average FX R$ 5.20 R$ 4.96 R$ 4.95 R$ 4.93 Supply disruptions and demand pick up drive positive price dynamic R$ MM R$/ton Margin % 1Q23 4Q23 1Q24 US$ BRL LTM 1Q24 Sales Volume (‘000 tons) Average Net Price –Export Market ($/tons) Adjuste
Slide 6: Pulp Business: Stable cash cost ex-downtimes
PULP BUSINESS Stable cash cost ex-downtimes, delivering performance as planned Pulp Cash Cost – 1Q24 vs. 4Q23 (ex-downtimes –R$/ton) Commodity price effect: -R$5/ton 816 337 339 176 (36) (19) 3 10 2 0 812 318 342 186 (34) 4Q23 Wood Input Fixed Cost Energy FX 1Q24 Pulp Cash Cost – 1Q24 vs. 1Q23 (ex-d
Slide 7: Cerrado Project: Countdown for startup
CERRADO PROJECT Countdown for startup 95% Physical Progress (inside-the-fence¹) 87% Financial Progress (insidece¹) Total capex timeline (R$ billion) 0.1 0.7 7.4 8.5 4.6 0.9 2020 2021 2022 2023 2024 2025 Actual Expected 1 Insidethe fence includes investments in industrial and infrastructure. Physical
Slide 8: Cerrado Project: Learning curve
CERRADO PROJECT Countdown for startup Learning curve ~9 months Sales volume 2024 700 k tons Production volume 2024 900 k tons Monthly production rate (t/month) Scheduled downtime Learning curve conclusion Accumulated Monthly 2Mt Monthly 1 Monthly 2 Monthly 3 Monthly 4 Monthly 5 Monthly 6 Monthly 7 M
Slide 9: Financial Management
FINANCIAL MANAGEMENT End of investment cycle and new mill start-up pave the way for deleveraging Net Debt (US$ billion) 10.9 Net Debt Mar. 2023 1.6 Capital for Allocation 2.8 Modernization and Growth Inverter bridge Dividends/ Interest on own capital Share Buyback (0.8) Derivative cash adjustments 0
Slide 10: Q&A 1Q24 Investor Relations
Q&A 1Q24 Investor Relations www.suzano.com.br/ir ri@suzano.com.br SUZANO SUZB / B3 LISTED NM SUZ / LISTED / NYSE