2Q21
Conference Call
Disclaimer
This presentation contains what are considered "forward-looking statements," as defined in Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act, as amended. Some of these forward-looking statements are identified with words such as "believe," "may," "could," "would," "possible," "will," "should," "expect," "intend," "plan," "anticipate," "estimate," "potential," "outlook" or "continue," as well as the negative forms of these words, other terms of similar meaning or the use of future dates. The forward-looking statements include, without limitation, statements related to the declaration or payment of
dividends, implementation of the key operational and financial strategies and investment plans, guidance about future operations and factors or trends that influence the financial situation, liquidity or operational results. Such statements reflect the current view of the management and are subject to diverse risks and uncertainties. These are qualified in accordance with the inherent risks and uncertainties involving future expectations in general, and actual results could differ materially from those currently anticipated due to various risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on diverse assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. Suzano does not undertake any obligation to update any such forward-looking statements as a result of new information, future events or otherwise, except as expressly required by law. All forward-looking statements in this presentation are covered in their entirety by this disclaimer.
In addition, this presentation contains some financial indicators that are not recognized by the BR GAAP or IFRS. These indicators do not have a standard meaning and may not be comparable to indicators with a similar description used by other companies. We provide these indicators because we use them as measurements of Suzano's performance; they should not be considered separately or as a replacement for other financial metrics that have been disclosed in accordance with BR GAAP or IFRS.
2
HIGHLIGHTS
Record EBITDA, further leverage reduction and moving forward on strategic agenda
Sales
Volume
Operating Performance
Financial
Management
Pulp: 2.5 million tons (vs. 2.8 million tons 2Q20)
Paper1: 266k tons (vs. 202k tons 2Q20)
Pulp Inventory: below optimal operating level
Adjusted EBITDA: R$5.9 billion (vs. R$4.2 billion 2Q20)
Operating Cash Generation2: R$4.9 billion (vs. R$3.4 billion 2Q20)
Cash Cost ex-downtime:R$680/ton (vs. R$599/ton 2Q20)
Liquidity: US$2.8 billion (vs. US$2.4 billion 1Q21)
Net Debt: US$11.4 billion (vs. US$11.6 billion 1Q21)
Leverage3: 3.3x in US$ (vs. 3.8x in US$ 1Q21)
ESG:
- New commitment to renewing life through biodiversity
- New SLB with water and D&I targets
SPINNOVA IPO:
Market Cap4: € 514 million
Suzano's stake: 20%
1 Excluding Consumer Goods. | 2 Operating Cash Generation = Adjusted EBITDA less Sustaining capex. | 3 Net Debt / Adjusted EBITDA in the last 12 months. 4 On 06/30/2021
3
PAPER AND PACKAGING BUSINESS
Solid operational and commercial performance, with improved price and sales mix, led to record EBITDA per ton
Paper Sales¹ ('000 ton)
Local | Export | 600 | ||||||
500 | ||||||||
400 | ||||||||
300 | 264 | 281 | 201 | 264 | 266 | |||
87 | 112 | 88 | 84 | |||||
200 | ||||||||
177 | 169 | 91 | 176 | 182 | ||||
100 | ||||||||
110 | ||||||||
0 | ||||||||
2Q18 | 2Q19 | 2Q20 | 1Q21 | 2Q21 |
950
750
550
350
150
-05
1,144
363
781
LTM 2Q21
Net Average Price (R$/ton) | Paper Adjusted EBITDA2 | |||||
1,412 | 1,564 | |||||
900 | ||||||
1 | 4,441 | 4,500 | 800 | 1,259 | ||
R$/ton | ||||||
700 | ||||||
4,192 | 4,400 | |||||
08. | 600 | |||||
4,300 | ||||||
06. | 4,066 | 400 | 373 | 416 | ||
4,200 | 500 | |||||
3,998 | 4,100 | 254 | ||||
04. | ||||||
4,000 | 300 |
3,900 | 200 |
02.
3,800 | ||||||
100 | ||||||
0 | 3,700 | R$ MM | ||||
0 | ||||||
2Q20 | 1Q21 | 2Q21 | LTM 2Q21 | 2Q20 | 1Q21 | 2Q21 |
¹ Excluding Consumer Goods. | ² Excluding the impact of Management LTI. 2Q20: -R$ 22/ton; 1Q21: -R$ 57/ton; 2Q21: -R$ 22/ton; LTM 2Q21: -R$ 42/ton.
950
750
550
350
150
-05
1,356
1,552
LTM 2Q21
4
PULP BUSINESS
Robust sales volume and higher prices provide record quarterly EBITDA
Sales Volume¹ (´000 ton)
500 | 10,380 | |||||||||
400 | 11,00 | |||||||||
450 | ||||||||||
300 | 2,570 | 2,778 | 2,653 | 2,537 | 8,000 | |||||
10,00 | ||||||||||
350 | ||||||||||
9,000 | ||||||||||
250 | 2,214 | |||||||||
7,000 | ||||||||||
200 | ||||||||||
6,000 | ||||||||||
150 | 5,000 | |||||||||
100 | 4,000 | |||||||||
3,000 | ||||||||||
500 | ||||||||||
2,000 | ||||||||||
0 | ||||||||||
2Q18 | 2Q19 | 2Q20 | 1Q21 | 2Q21 | LTM 2Q21 | |||||
Net Average Price - Export Market (R$/ton) | Adjusted EBITDA² and EBITDA margin (%) |
3,370 | 1,683 | 2,166 | 1,626 | ||||||
10,00 | 3400% | ||||||||
2,913 | 2,803 | R$ /ton | 1,391 | ||||||
340 | 2900% | ||||||||
9,000 | 18,00 | ||||||||
2,536 | 8,000 | 16,00 | |||||||
290 | |||||||||
7,000 | 5,496 | 14,00 | 2400% | 16,876 | |||||
240 | BRL | 6,000 | 12,00 | ||||||
636 | 3,862 | 4,466 | 1900% | ||||||
190 | R$ MM | 10,00 | 1400% | ||||||
5,000 |
4,000 | 8,000 | |||||||||||
532 | 3,000 | 6,000 | 900% | 59% | ||||||||
140 | 518 | Margin (%) | 55% | 59% | 65% | |||||||
550 | 900 | 400% | ||||||||||
600 | ||||||||||||
470 | 2,000 | 4,000 | ||||||||||
USD | 1,000 | 2,000 | ||||||||||
500 | 0 | 0 | -00%1 | |||||||||
400 | 2Q20 | 1Q21 | 2Q21 | LTM 2Q21 | ||||||||
450 | 2Q20 | 1Q21 | 2Q21 | LTM 2Q21 | ||||||||
Average | ||||||||||||
400 | R$ 5.39 | R$ 5.47 | R$ 5.30 | R$ 5.42 | ||||||||
FX |
¹ 2Q18 proforma figures. | ² Excluding Klabin sales revenue.
3100%
2600%
2100%
1600%
1100%
600%
100%
-00%4
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Suzano SA published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 12:51:12 UTC.