Slide 1: 2Q23 Earnings Presentation
2Q23 Earnings Presentation ri.klabin.com.br
Slide 2: Disclaimer
ri.klabin.com.br Earnings Presentation 2Q23 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: 2Q23 Results
ri.klabin.com.br Earnings Presentation 2Q23 2Q23 RESULTS Sales Volume¹ Net Revenue² Adjusted EBITDA by Segment ³ ⁴ (thousand tons) (R$ million) (R$ million) 37% 31% -15% -15% 1,009 5,039 EBITDA Margin 856 4,293 -27% Paper & Packaging Foreign 1,843 47% Market 44% Pulp 41% 31% 840 1,344 956 53% 59% Do
Slide 4: Pulp
ri.klabin.com.br Earnings Presentation 2Q23 PULP Diversified fiber portfolio, with emphasis on fluff, and flexibility in the mix between geographies support Klabin prices when compared to FOEX Adjusted EBITDA/t4 Pulp R$ 1,162/t Short Fiber¹ Fluff/Long Fiber¹ Production Cash Cost² (US$/t) (US$/t) (R$
Slide 5: Coated Board
ri.klabin.com.br Earnings Presentation 2Q23 COATED BOARD Stable market with demand supported by new consumption habits and trend towards sustainable packaging consumption through the replacement of single-use plastic Adjusted EBITDA/t¹ Paper & Packaging R$ 1,831/t Sales Volume Net Price Net Revenue
Slide 6: Corrugated Boxes
ri.klabin.com.br Earnings Presentation 2Q23 CORRUGATED BOXES A resilient market and price transfers reinforce the solid pillars of the segment and reaffirm the benefits of the integrated business model Adjusted EBITDA/t¹ Paper & Packaging R$ 1,831/t Sales Volume Net Price Net Revenue (Corrugated Box
Slide 7: Free Cash Flow (FCF)
ri.klabin.com.br Earnings Presentation 2Q23 FREE CASH FLOW (FCF) Discipline in investment management and working capital led Adjusted FCL Yield to 21.0%, growth of 6.5 p.p. compared to 2Q22 LTM LTM 2Q23 1Q23 2Q22 R$ million 2Q23 2Q22 Adjusted EBITDA 1,344 1,942 1,990 7,502 7,528 (-) Capex¹ (1,029) (
Slide 8: Net Debt and Leverage
ri.klabin.com.br Earnings Presentation 2Q23 NET DEBT AND LEVERAGE Company leverage stable compared to 1Q23 06/30/2023 Balance Gross Debt R$ 25.5 billion Cash² R$ 6.0 billion 4.4 4.6 Net Debt R$ 19.5 billion 4.0 4.2 3.6 3.2 3.0 4.0 4.0 4.0 2.7 2.7 2.7 2.7 2.6 2.8 3.6 3.3 3.1 2.9 2.7 2.4 2.6 2.6 2.6 2
Slide 9: Amortization Schedule
ri.klabin.com.br Earnings Presentation 2Q23 AMORTIZATION SCHEDULE Average debt maturity of ~8.7 years and 44 months of cash debt coverage 8,433 2020 2021 2022 2Q23 In months Revolving Average Debt Maturity 116 105 109 104 Credit 2,410 % p.y. Facility¹ Cost of Debt in US$ 5.4 5.1 5.2 5.3 44 months 5,
Slide 10: Dividends & IOC
ri.klabin.com.br DIVIDENDS & IOC R$ million considering accrual basis Dividend 5.2% 0.1% 2.7% 6.8% 7.0% Yield¹ 1,628 1,541 907 779 23 2019 2020 2021 2022 UDM 2Q23 Dividends + IoC (R$ Million) 2Q23 Dividends+ IoC²: R$ 269 million Dividend Policy³: Target between 15% and 25% of Adjusted EBITDA 1 – Cal
Slide 11: Puma II Project: PM27 (Phase I)
ri.klabin.com.br Earnings Presentation 2Q23 PUMA II PROJECT: PM27 (Phase I) Eukaliner® production, the world's first kraftliner made from 100% eucalyptus First Machine 2T23 START-UP 2021 2022 2023e 2024e August 30, LTM onward 2021 Ramp-up 99 354 364 400 450 Production: k ton k ton k ton k ton k ton
Slide 12: Puma II Project: PM28 (Phase II)
ri.klabin.com.br Earnings Presentation 2Q23 PUMA II PROJECT: PM28 (Phase II) New state-of-the-art machine with advanced technology for Coated Board production Second Machine START-UP 2023e 2024e 2025e 2026e 2027e Coated Board production onward June 9, 2023 Flexibility for: White Top Liner and Kraftl
Slide 13: ESG Highlights
ri.klabin.com.br Earnings Presentation 2Q23 ESG HIGHLIGHTS Advances in 2Q23 strengthened Klabin's leadership position in sustainability Sustainability Report 2022 Release Click here to access ISS-ESG Corporate Rating "Prime" Category Klabin leads the sector in the main ESG ratings, such as CDP (Trip
Slide 14: ri.klabin.com.br Earnings Presentation 2Q23
ri.klabin.com.br Earnings Presentation 2Q23 14
Slide 15: Investor Relations Contact
RI.KLABIN.COM.BR INVEST@KLABIN.COM.BR +55 (11) 3046-8401 SOCIAL MEDIA