Dexco S A : Fact Sheet 3Q23

Earnings Results

4Q23 | 2023

RECURRING NET

INCOME

R$ Million

Recurring Net Income - LD

Celulose

824

53

152

5000

278

771

371

0

2022 2023

RECURRING					ADJUSTED AND
NET REVENUE				RECURRING
					EBITDA
8,487
13%	7,383		Margin		20.4%	18.9%
25%	12%		LD Celulose		1,926	2,007
23%		2000
			10%		29%
			Tiles		12%
					1%
			Metals & San.1000	16%
61%	65%
				Ware	62%	70%
2022	2023		Wood	0	2022	2023

		CASH FLOW				FINANCIAL LEVERAGE		CAPEX
		R$ Million / %				Dnet Debt / Adjusted and Recurring EBITDA LTM		R$ Million
							-8%			R$ Millions/ x
		FCL Sustaining					4,284	4,562	4,706	4,336	Investiments	4Q22	4Q23	2022	2023
		Working Capital	26%			4,038
	CCR	Cash Convertion Ratio									3.5x
								3.1x		3.1x	FORESTRY OPEX	101	112	430	368
				363
										2.7x
										2.3x
							447									MAINTANANCE	158	134	382	343
-37															CAPEX		259	247	864	711
	-470
																Sustaining
																	PROJECTS	143	189	823	693
			2022			2023
							4Q22	1Q23	2Q23		3Q23	4Q23
			VOLUME | 000 m3	EBITDA*/MARGIN | R$ million			EBITDA | R$ MM	NET INCOME | R$ million
																	1,254				567
			2,879	-6%				+18%	1,400
							2,706					398
							1,186							99
										29.0%				51.7%
										22.8%				45.5%
																0
			2022			2023	2022		2023			2022	2023	2022	2023
			SEGMENTATION OF SALES | %
			2%					81%
			12%				Furnitur Industry
							45%		Resale
			41%					Foreign Market
									Civil Construction
																			RESULT REGARDING 100%
																				OF THE OPERATION
			SEGMENTATION OF		1						SEGMENTATION OF
			SALES | %				57%							SALES | %			53%
			5%													Specialized Stores
						Retail								11%
			16%												Civil Constructions
					39%		Specialized Stores							12%	34%
								Civil Construction									Home Center
			19%
							Home Center							18%		Retail
									Foreign Market and others
			21%										25%
														Foreign Market and
																			others
			VOLUME |	000 items	EBITDA*/MARGIN |	R$ million		VOLUME |	000 m2	EBITDA*/MARGIN |	R$ million
							-18%	311						-21%
			23,397
									19,717			-96%
							19,258
														15,622		234
										14.6%		-0.9%						20.5%		1.0%
																			8
			2022	2023	2022		-16			2022	2023		2022		2023
				2023
				Capacity Utilization								*Adjusted and recurring
									1 - Not including effects of showers capacity
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