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:

  1. New commitment to renewing life through biodiversity
  1. 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

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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.