Sylvamo Corporation · NYSE:SLVM
Sylvamo — 2025 Bank of America Securities Global Agriculture and Materials Conference
19 slides from Sylvamo's conference presentation, Feb 26, 2025
Slide 1: Investor Update
1 Investor Update 2025 Bank of America Securities Global Agriculture and Materials Conference February 26, 2025 © 2025 Sylvamo Corporation. All rights reserved.
Slide 2: Cautionary statement concerning forward-looking statements
Cautionary statement concerning forward-looking statements 2 This presentation contains information that includes or is based upon forward-looking statements. Forward-looking statements forecast or state expectations concerning future events. These statements often can be identified by the fact that
Slide 3: Statement relating to non-U.S. financial GAAP measures
Statement relating to non-U.S. financial GAAP measures 3 While Sylvamo reports its financial results in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), during the course of this presentation, certain non-U.S. GAAP financial measures are presented. Managem
Slide 4: Executing our strategy
Executing our strategy 4 Investing to strengthen Focusing on Leveraging our strengths competitive advantages uncoated freesheet to drive high returns on to drive earnings and paper invested capital cash flows © 2025 Sylvamo Corporation. All rights reserved.
Slide 5: Delivering strong financial performance
Delivering strong financial performance 5 Adjusted EBITDA Free Cash Flow Adjusted Operating and Margin Earnings per Share $721 $294 $7.84 $632 $269 $7.42 $607 $248 $6.51 20% 16% 17% 2022 2023 2024 2022 2023 2024 2022 2023 2024 Adjusted EBITDA and Free Cash Flow figures are in $ millions © 2025 Sylva
Slide 6: Improving our Financial Position
~150% Total Shareowner Return since becoming an independent company 6 • Reduced gross debt by $724 million (48%) to $796 million Improving our • Achieved net debt-to-adjusted EBITDA of 0.9x Financial Position • Reduced risk with Russian business divestiture in 2022 • Earned $2.1 billion in Adjusted
Slide 7: Allocating capital to drive long-term shareowner value
Allocating capital to drive long-term shareowner value 7 >$1.8 billion allocated since becoming an independent company $347 million in cash returned to $167 shareowners $129 Debt Repayment $724 $218 Capex Share Repurchases Dividends $602 Nymolla Acquisition (Jan 2023) $ Million All figures reflect o
Slide 8: Investing in the future of our Flagship North America mill - Eastover, SC
Investing in the future of our Flagship North America mill - Eastover, SC 8 Reducing costs while improving efficiency and mix of the most competitive North America UFS mill 2025 2026 2027 Paper Machine >30% Optimization IRR ~$145 million Capital Investment New Replacement >$50 million Cutsize Sheete
Slide 9: Investing in the future of our Flagship North America mill - Eastover, SC
Investing in the future of our Flagship North America mill - Eastover, SC 9 Paper machine optimization enabling cost reduction while improving overall product mix • Investments across the machine allow for speed up • Enhances paper mix and flexibility across the machines • Incremental ~60 thousand t
Slide 10: Investing in the future of our Flagship North America mill - Eastover, SC
Investing in the future of our Flagship North America mill - Eastover, SC 10 New state-of-the-art cutsize sheeter lowering costs, increasing efficiency and sheeting capacity • New and more efficient cutsize sheeter replacing an existing sheeter • Lowering costs, maximizing paper machine trim and pro
Slide 11: Investing in the future of our Flagship North America mill - Eastover, SC
Investing in the future of our Flagship North America mill - Eastover, SC 11 Improving Woodyard efficiency through innovative modernization • 20-Year partnership with external operator • Increasing reliability by replacing our aging equipment • More efficient, reliable and cost-effective wood proces
Slide 12: Confident in our future and motivated by opportunities that lie ahead
Confident in our future and motivated by opportunities that lie ahead 12 • Reinvesting in our businesses to increase earnings and cash flows • Optimizing to become leaner and more agile to drive earnings growth • Creating shareowner value through cash generation and disciplined capital allocation Ea
Slide 13: Appendix
13 Appendix © 2025 Sylvamo Corporation. All rights reserved.
Slide 14: Contacts
Contacts 14 Hans Bjorkman Vice President, Investor Relations Investor Relations +1-901-519-8030 hans.bjorkman@sylvamo.com Adam Ghassemi Director, Corporate Communications Media +1-901-519-8115 adam.ghassemi@sylvamo.com © 2025 Sylvamo Corporation. All rights reserved.
Slide 15: Adjusted EBITDA Reconciliation - Since Spinoff
Adjusted EBITDA Reconciliation - Since Spinoff 15 Since $ Million 4Q21 2022 2023 2024 Spinoff Net Income from Continuing Operations $29 $336 $253 $302 $920 Depreciation, Amortization, Cost of Timber Harvested 31 125 143 159 458 Interest (Income) Expense, Net 18 69 34 39 160 Income Tax Provision 28 1
Slide 16: Free Cash Flow Reconciliation - Since Spinoff
Free Cash Flow Reconciliation - Since Spinoff 16 Since $ Million 4Q21 2022 2023 2024 Spinoff Cash from Continuing Operations $131 $418 $504 $469 $1,522 Cash Invested in Capital Projects ($22) ($149) ($210) ($221) ($602) Free Cash Flow $109 $269 $294 $248 $920 Free cash flow is a non-GAAP measure and
Slide 17: Adjusted Operating Earnings per Share Reconciliation
Adjusted Operating Earnings per Share Reconciliation 17 $ Million 2022 2023 2024 Net Income (Loss) $118 $253 $302 Less: Discontinued operations, net of tax ($218) - - Net Income From Continuing Operations $336 $253 $302 Special Items Expense (Income) $12 $25 $10 Adjusted Operating Earnings $348 $278
Slide 18: Executing on our Investment Thesis
Executing on our Investment Thesis 18 The World’s Paper Company A Simple, Focused Plan We are the world’s paper company, the: We focus on uncoated freesheet and will create long-term • Employer of Choice value through: • Supplier of Choice • Talented teams • Investment of Choice • Iconic brands We b
Slide 19: Building a better future for people, the planet and our company
19 Building a better future for people, the planet and our company © 2025 Sylvamo Corporation. All rights reserved.
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