Slide 1: 1Q25 Earnings Presentation
1Q25 Earnings Presentation ri.klabin.com.br
Slide 2: Disclaimer
ri.klabin.com.br 1Q25 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: 1Q25 Performance – Sales Volume
ri.klabin.com.br 1Q25 Earnings Presentation 1Q25 PERFORMANCE – Sales Volume Pulp Total Sales¹ Adjusted EBITDA by SHORT FIBER 26% 906 Segment3 1Q25 345 238 k tons k tons k tons R$ 1.9 bn LONG FIBER/FLUFF 107 k tons 12% Convertion (Integration) Paper - Market Pulp COATED BOARD 21% CORRUGATED Paper & 3
Slide 4: Our Portfolio – Pulp
ri.klabin.com.br 1Q25 Earnings Presentation OUR PORTFOLIO – PULP 31% Portfolio of products present in consumers' daily lives Net Revenue LTM Short Fiber High performance fibers +50% market share in the local fluff market Long-term partnerships with strategic clients Fluff and Long Fiber One-stop-sho
Slide 5: Our Portfolio – Paper
ri.klabin.com.br 1Q25 Earnings Presentation OUR PORTFOLIO – PAPER 34% Portfolio of products present in consumers' daily lives Net Revenue LTM Coated board Positioned in premium markets 40% market share¹ in the local coated board market 60% market share2 in the local kraftliner market High quality vi
Slide 6: Our Portfolio – Packaging
ri.klabin.com.br 1Q25 Earnings Presentation OUR PORTFOLIO – PACKAGING 35% Portfolio of products present in consumers' daily lives Net Revenue LTM Industrial bags One of the largest producers of industrial bags in the world +50% market share¹ in the local industrial bag market 22% market share² in th
Slide 7: 1Q25 Results
ri.klabin.com.br 1Q25 Earnings Presentation 1Q25 RESULTS Exchange rate R$ / US$ 1Q24 1Q25 EBITDA boosted by 10% increase in net revenue Average dollar 4.95 5.84 Sales Volume¹ Net Revenue² Adjusted EBITDA (thousand tons) (R$ million) (R$ million) +10% 38% -2% 37% 4,859 922 906 4,430 38% +13% 42% Fore
Slide 8: Total Cash Cost
ri.klabin.com.br 1Q25 Earnings Presentation TOTAL CASH COST Reaffirmation of the commitment to comply with the current total cash cost guidance Total Cash Cost1 Guidance (R$ per ton) Total Cash Cost¹ (R$ thousand per ton) +11% -2% Cost impacted by non-recurring production events 3,402 3,335 3.1 – 3.
Slide 9: Net Debt and Leverage
ri.klabin.com.br 1Q25 Earnings Presentation NET DEBT AND LEVERAGE Maintenance of leverage within the parameters of the Financial Indebtedness Position on 03/31/2025 Policy¹ (R$ bn) Gross Debt5 37.0 Cash² 6.5 Net Debt 30.5 4.5 4.1 4.0 3.2 3.2 3.5 3.5 2.7 2.7 2.7 2.7 2.6 3.9 3.9 2.6 3.5 3.9 3.2 3.3 3.
Slide 10: Amortization Schedule
ri.klabin.com.br 1Q25 Earnings Presentation AMORTIZATION SCHEDULE Strong liquidity position and a long-term debt profile, with no significant short-term maturities R$ million 9,341 1Q25 4Q24 In months Average Debt Maturity 88 87 2,871 Revolving 35 months Credit Cost of Debt in US$ (p.y.) 5.7% 5.7% o
Slide 11: Free Cash Flow (FCF)
1Q25 Earnings Presentation ri.klabin.com.br FREE CASH FLOW (FCF) Higher operational cash generation increased adjusted FCF yield to 14.0%, an increase of 3.7 p.p. compared to LTM 1Q24 LTM LTM R$ million 1Q25 4Q24 1Q24 1Q25 1Q24 1 Adjusted EBITDA¹ 1.859 1.823 1.652 7.539 6.032 (-) Capex² (605) (820)
Slide 12: Dividends & IoC
ri.klabin.com.br 1Q25 Earnings Presentation DIVIDENDS & IoC R$ million considering cash method Dividend 6.2% 5.8% Yield¹ 1,528 1,477 Dividends 1Q25³: R$ 279 million (15% EBITDA) Dividends and IoC Policy4: Target between10% e 20% of Adjusted EBITDA 2024 LTM² Mar/2025 Dividends + IoC paid 1 – Calculat
Slide 13: Market Thermometer
ri.klabin.com.br 1Q25 Earnings Presentation MARKET THERMOMETER Demand Demanda Sales Price 1 Negative Neutral Positive (Market) (mercado) volume trend trend trend Short Fiber PULP Fluff Coated Board PAPER Kraftliner Corrugated Boxes PACKAGING Industrial Bags 13 1– Prices in US$ for pulp and paper wit
Slide 14: Appendix
Appendix ri.klabin.com.br
Slide 15: Pulp
ri.klabin.com.br 1Q25 Earnings Presentation PULP Sales volume impacted by lower production. Highlight on the long fiber/fluff prices Sales Volume Short Fiber and Long Production Cash Cost (Thousand tons) Fiber/Fluff Net Price (R$ per ton¹) (US$ per ton¹) US$ US$ US$ 255/t 201/t 217/t -4% 0% 362 345
Slide 16: Paper
ri.klabin.com.br 1Q25 Earnings Presentation PAPER The ongoing ramp-up of MP27 and MP28, price recovery in kraftliner, and the appreciation of the dollar against the real offset the softened demand in the paperboard market COATED BOARD CONTAINERBOARD Sales Volume Net Revenue Sales Volume Net Revenue
Slide 17: Corrugated Boxes
ri.klabin.com.br 1Q25 Earnings Presentation CORRUGATED BOXES Growth above the market reflects the expansion of the strategic client portfolio, increased demand from export- oriented segments, and improved service levels as a result of the start-up of the Piracicaba II operation (Figueira Project) Sa
Slide 18: invest@klabin.com.br
invest@klabin.com.br ri.klabin.com.br/