Slide 1: 1Q24 Earnings Presentation
1Q24 Earnings Presentation ri.klabin.com.br
Slide 2: Disclaimer
ri.klabin.com.br 1Q24 Earnings Presentation 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: 1Q24 Performance – Sales Volume
ri.klabin.com.br 1Q24 Earnings Presentation 1Q24 PERFORMANCE – Sales Volume Pulp Total Sales¹ Adjusted EBITDA by SHORT FIBER 27% 922 Segment³ 1Q24 362 252 k tons k tons k tons R$ 1.652 bn LONG FIBER/FLUFF 110 k tons 12% Convertion (Integration) Paper - Market Pulp COATED BOARDS 21% CORRUGATED 40% 19
Slide 4: 1Q24 Results
ri.klabin.com.br 1Q24 Earnings Presentation 1Q24 RESULTS Exchange³ R$ / US$ 1Q23 1Q24 Sales volume driven by the ramp-up of PM27 and PM28 and drop in Average dollar 5.20 4.95 costs benefited the result Sales Volume¹ Net Revenue² Adjusted EBITDA (thousand tons) (R$ million) (R$ million) -8% 40% 37% +
Slide 5: Pulp
ri.klabin.com.br 1Q24 Earnings Presentation PULP Heated demand, flexible mix between geographies and cost discipline favored the result Sales Volume Short Fiber and Long Production Cash Cost (thousand tons) Fiber/Fluff Net Price (R$ per ton) (US$ per ton¹) -3% US$ US$ US$ -18% 373 362 261/t¹ 266/t¹
Slide 6: Paper and Corrugated Boxes
ri.klabin.com.br 1Q24 Earnings Presentation PAPER AND CORRUGATED BOXES Sales volume driven by the ramp-up of PM27 and PM28 and strong demand in the kraftliner and corrugated boxes segments PAPER CORRUGATED BOXES Sales Volume Net Revenue Sales Volume Net Revenue (thousand tons) (R$ million) (million
Slide 7: Total Cash Cost
ri.klabin.com.br 1Q24 Earnings Presentation TOTAL CASH COST 1Q24 total cash cost lower than the Company’s guidance of R$ 3,100 per ton for 2024 Total Cash Cost1/2 COGS1 Sales and G&A expenses (R$ per ton) (R$ per ton) (R$ per ton) -9% -6% -1% 3,273 -1% 3,000 2,984 2,437 2,322 2,295 -17% -4% 782 676
Slide 8: Net Debt and Leverage
ri.klabin.com.br 1Q24 Earnings Presentation NET DEBT AND LEVERAGE Leverage remains within the parameters of the Financial Indebtedness Policy² Position in 03/31/2024 (R$ billion) Gross Debt R$ 33.1 Cash³ R$ 11.8 Net Debt R$ 21.3 4.2 3.6 3.5 3.2 3.0 3.2 3.3 4.0 2.7 2.7 2.7 2.7 2.6 2.8 3.5 3.3 3.1 2.9
Slide 9: Amortization Schedule
ri.klabin.com.br 1Q24 Earnings Presentation AMORTIZATION SCHEDULE Robust cash position and extended debt profile. Cash of US$ 1.2 bilion for Caetê Project payment 1Q24 4Q23 14,298 In months Revolving Revolving Average Debt Maturity 90 94 Credit Credit 2,498 US$ Facility¹ 1 53% 47% R$ Facility Cost o
Slide 10: Dividends & IoC
ri.klabin.com.br 1Q24 Earnings Presentation DIVIDENDS & IoC R$ million considering accrual basis Dividend 6.8% 5.7% 5.3% Yield¹ 1,628 1,340 1,281 2022 2023 LTM 2024 Dividends + IoC (R$ millions) 1Q24² Dividends: R$ 330 millions Dividend Policy³: Target between 15% and 25% of Adjusted EBITDA 1 – Calc
Slide 11: Figueira Project Start-up
ri.klabin.com.br 1Q24 Earnings Presentation FIGUEIRA PROJECT START-UP Corrugated boxes project delivered on time and on budget in a high demand timing ON TIME ON BUDGET WITH HIGH DEMAND April 22nd: Start-up of the corrugated Investment 4% lower than Corrugated boxes shipment boxes unit in Piracicaba
Slide 12: Figueira Project
ri.klabin.com.br 1Q24 Earnings Presentation Figueira Project Team Corrugator Machine Flexo Folder Gluer Printer Rotary Die Cutter Printer 12
Slide 13: Expected Trend
ri.klabin.com.br 1Q24 Earnings Presentation EXPECTED TREND¹ Negative Positive Demand Price Neutral trend trend trend Short Fiber PULP Long Fiber/Fluff Coated Board PAPER Kraftliner Corrugated Boxes PACKAGING Industrial Bags 1 – Adjusted by production mix and sales geography 13
Slide 14: invest@klabin.com.br ri.klabin.com.br
invest@klabin.com.br ri.klabin.com.br/