Sylvamo Corporation · NYSE:SLVM

Sylvamo — 2024 Wells Fargo Industrials Conference

15 slides from Sylvamo's conference presentation, Jun 11, 2024

  1. Slide 1: Investor Update

    1 Investor Update 2024 Wells Fargo Industrials Conference June 11, 2024 © 2024 Sylvamo Corporation. All rights reserved.

  2. 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

  3. Slide 3: Statement relating to non-U.S. financial GAAP measures

    Statement relating to non-U.S. financial GAAP measures 3 Sylvamo reports its financial results in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). This presentation does not include any non-U.S. GAAP financial measures. However, non-U.S. GAAP financial mea

  4. Slide 4: UFS remains the most resilient graphic paper grade in the world

    UFS remains the most resilient graphic paper grade in the world 4 We believe in long-term UFS demand for education, communication and entertainment World Graphic Paper Demand World Graphic Paper Demand Evolution 70,000 CFS 60,000 17% Uncoated Thousand short tons 50,000 Freesheet 2023 40,000 UFS 55%

  5. Slide 5: Allocating cash to drive long-term shareowner value

    Allocating cash to drive long-term shareowner value 5 Maintain Strong Financial Position Reinvest in Return Cash to our Business Shareowners © 2024 Sylvamo Corporation. All rights reserved.

  6. Slide 6: Maintain a strong financial position to operate and invest throughout the cycle

    Maintain a strong financial position to operate and invest throughout the cycle 6 Gross Debt Maintain Strong $ Million Financial Position $1,520 Reinvest in Return Cash to our Business Shareowners $940 Initial Gross Debt at Spinoff Mar 2024 Oct 1, 2021 1.5x Net Debt-to-Adjusted EBITDA as of March 31

  7. Slide 7: Dividends are the foundation of substantial cash returns to shareowners

    Dividends are the foundation of substantial cash returns to shareowners 7 Initiated and raised our quarterly dividend three times since the spinoff Maintain Strong Financial Position $0.45 Reinvest in Return Cash to our Business Shareowners $0.30 $0.30 $0.30 $0.30 $0.25 $0.25 $0.25 $0.11 $0.11 Reduc

  8. Slide 8: Repurchased 8% of our initial shares with a 45% return

    Repurchased 8% of our initial shares with a 45% return 8 Repurchased 3.5 million shares at a weighted average price of $49.16 since 4Q22 $70 Maintain Strong Financial Position $60 Reinvest in Return Cash to our Business Shareowners $50 $40 $30 $20 2022 2023 2024 YTD $10 $80 million at $70 million at

  9. Slide 9: Continuing to invest in high-return projects to increase earnings and cash flows

    Continuing to invest in high-return projects to increase earnings and cash flows 9 Identified additional pipeline of $200 million investment projects with returns > 20% IRR Capital Spending Maintain Strong Financial Position $ Million Reinvest in our Business Return Cash to Shareowners $210 $210 - $

  10. Slide 10: Confident in our future and motivated by opportunities that lie ahead

    Confident in our future and motivated by opportunities that lie ahead 10 Disciplined Capital Allocation • Healthy financial position provides flexibility • Returning substantial cash to shareowners • Investing to strengthen our competitive advantages © 2024 Sylvamo Corporation. All rights reserved.

  11. Slide 11: Appendix

    11 Appendix © 2024 Sylvamo Corporation. All rights reserved.

  12. Slide 12: Contacts

    Contacts 12 Hans Bjorkman Vice President, Investor Relations Investor Relations +1-901-519-8030 hans.bjorkman@sylvamo.com Adam Ghassemi Senior Manager, Corporate Communications Media +1-901-519-8115 adam.ghassemi@sylvamo.com © 2024 Sylvamo Corporation. All rights reserved.

  13. Slide 13: Our Brazilian forestlands serve as a repository of shareowner value

    Our Brazilian forestlands serve as a repository of shareowner value 13 • Source of significant global competitive advantage • Given the increasing demand for land and wood in Brazil, our forestlands are an enduring repository of shareowner value In December 2023 a third party appraised our forestlan

  14. Slide 14: Executing on our Investment Thesis

    Executing on our Investment Thesis 14 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

  15. Slide 15: Building a better future for people, the planet and our company

    15 Building a better future for people, the planet and our company © 2024 Sylvamo Corporation. All rights reserved.

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