This presentation is intended to provide a general overview of The Navigator Company S.A.'s business and does not purport to deal with all aspects and details regarding The Navigator Company S.A..
This presentation has been prepared by The Navigator Company S.A. for information purposes only. Some statements in this presentation are forward-looking, based on assumptions and current expectations of future events. Although The Navigator Company, S.A. believes that these were reasonable when made, such statements are inherently subject to significant known and unknown risks and contingencies, which relate to factors that are beyond the ability of The Navigator Company, S.A. to control or estimate precisely, such as international economic conditions, foreign exchange fluctuations, credit markets, the cost of raw materials, legal and regulatory requirements, including measures adopted in connection with the prevention of the dissemination of SARS-CoV-2/COVID-19 and that could cause actual results to differ substantially from those expressed or implied by such statements.
Except as required by any applicable law or regulation, The Navigator Company S.A. or any of its affiliates, directors, officers, employees or advisers or any other person assumes no obligation whatsoever to update the information contained in this presentation or to notify a reader in the event that any matter stated herein changes or becomes inaccurate.
António Redondo
Adriano Silveira
Executive DirectorsInvestor Relations
Fernando Araújo
João Lé
João Paulo Oliveira
Nuno Santos
Joana Appleton
• Significant improvement in operational performance across the Group´s mills
• Beginning of 2020 marked by a very strong recovery in our paper order book
• Difficult comparison with Q1 2019, as UWF prices reached a peak in that period; but Q1 2020 was the second highest first quarter in terms of turnover and the third highest in terms of UWF sales volume
• Production costs evolved positively (fixed and variable) throughout the quarter
• Lower pulp and paper prices in the quarter vs Q1 2019 were partially offset by the recovery in sales volumes across pulp, paper and tissue, as well as cost performance
• Distribution of approximately € 100 million in reserves to shareholders in January
• Review and extension of the scope and depth of the cost reduction initiatives originally envisaged for 2020, in light of Covid-19
• Increase in immediate liquidity to € 256 million at the end of March, with all financial needs for 2020 assured
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The Navigator Company SA published this content on 26 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2020 10:56:06 UTC
The Navigator Company is a leading European producer of printing paper. Net sales break down by activity as follows:
- production of printing paper (73.5%): 1,518 Kt sold in 2022 (Navigator, Inacopia, Discovery, MultiOffice, Inacopia brands, etc.);
- production of eucalyptus pulps (8%): 255.3 Kt sold;
- sale of tissue papers (8%): 101.5 Kt sold;
- other (10.5%): mainly electricity generation from biomass and production of forest products.
Net sales are distributed geographically as follows: Portugal (17.4%), Europe (52.6%), Africa (11.6%), North America (9.3%), Asia (5.7%) and Latin America (3.4%).
THE NAVIGATOR COMPANY 
