Suzano S.a. · BMFBOVESPA:SUZB3
Suzano — Q3 2023 Earnings Presentation
10 slides from Suzano's earnings presentation, Oct 27, 2023
Slide 1: Earnings Conference Call 3Q23
Earnings Conference Call 3Q23
Slide 2: Disclaimer
Disclaimer 2 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,”
Slide 3: With a new drop, cash cost reaches a lower level than same quarter last year
With a new drop, cash cost reaches a lower level than same quarter last year 3 HIGHLIGHTS 2.5 million tons (vs. 2.8 million tons 3Q22 and 2.5 million tons 2Q23) Pulp: 272 thousand tons (vs. 299 thousand tons 3Q22 and 263 thousand tons 2Q23) Paper1 : Pulp Inventory: Below optimum operational levels A
Slide 4: Paper and Packaging Business
2,801 6,675 6,699 6,614 6,215 1,223 1,789 2,878 2,405 2,394 Paper Sales¹ (‘000 tons) Average Net Price (R$/ton) 4 3Q22 2Q23 3Q23 LTM 3Q23 7 5 7 3 3 0 1,087 211 178 176 88 84 96 298 263 272 355 545 859 631 651 43% 39% 35% 3Q22 2Q23 3Q23 LTM 3Q23 2, 5… 3Q22 2Q23 3Q23 LTM 3Q23 32% 38% 3Q20 3Q21 Paper A
Slide 5: Pulp Business
821 562 547 2,797 2,513 2,486 3Q22 2Q23 3Q23 10,213 LTM 3Q23 18,7 12 7,665 3,190 2,912 3Q22 2Q23 3Q23 LTM 3Q23 Average FX R$5.25 R$4.95 R$4.88 R$5.07 5 2,741 1,269 1,172 3Q22 2Q23 3Q23 4,307 2,783 2,671 US$ BRL 64% 45% 44% 54% LTM 3Q23 1,832 Sales Volume (‘000 tons) Average Net Price – Export Market
Slide 6: Pulp Cash Cost – 3Q23 vs. 2Q23 and 3Q22
154 422 180 347 351 364 17 (40) 3Q22 Wood Fixed Cost (62) 26 Input 6 Energy (34) (9) FX 3Q23 883 861 -2% 190 400 180 363 351 364 Input (10) (35) 2Q23 1 (47) Wood Fixed Cost 1 Energy (2) 918 FX (34) 3Q23 861 -6% Pulp Cash Cost – 3Q23 vs. 2Q23 (ex-downtime – R$/ton) Pulp Cash Cost – 3Q23 vs. 3Q22 (ex-
Slide 7: Cerrado Project
7 % Physical progress: (inside-the-fence¹) 3 43 82 100 2021 2022 2023 Jun. 2024 78% ¹ Inside the fence includes investments in industrial and infrastructure. | ² All figures in 2023 currency (in real terms). | ³ Structural cash production cost and sustaining capex, with wood sourcing in regime, as f
Slide 8: Financial Management: Net Debt, Liquidity and Amortization Schedule
4.2 0.2 0.8 2.0 2.0 1.6 9.1 1.3 Net Debt (US$ billion) 8 2.2 2.0 2.6 2.1 2.2 2.7 Sep/22 Jun/23 Sep/23 In R$ In US$ 1 It considers amounts related to derivative adjustments, lease contracts, IR/CS, among others. | ² Considers capex on accrual basis, | ³ Finnvera credit line | 4 Considers the portion
Slide 9: Financial Management: Cash Adjustments (ZCC)
9 Cash Adjusments (ZCC) R$ million Portfolio Average Sep/2023: Put / Call 5.52 6.42 59% FX gap coverage Jun/2023: US$4.8 billion Sep/2023: US$4.5 billion ZCC Notional¹ 1 Considers EUR/USD hedge with notional of EUR349MM and 1.03 avarage FX. 620 824 619 727 216 3Q23 (actual) Expected cash flow impact
Slide 10: Thank you
Thank you 3Q23 Investor Relations www.suzano.com.br/ir ri@suzano.com.br