Suzano Reports Q2-2023 Results

HIGHLIGHTS

  • Pulp sales of 2,513 thousand tons (-6% vs. 2Q22).
  • Paper sales1 of 294 thousand tons (-9% vs. 2Q22).
  • Adjusted EBITDA2 and Operating cash generation3
    : R$3.9 billion and R$2.2 billion, respectively.
  • Adjusted EBITDA2/ ton from pulp of R$1,269/ton (-40% vs. 2Q22).
  • Adjusted EBITDA2/ton from paper of R$2,481/ton (+14% vs. 2Q22).
  • Average net pulp price in export market: US$562/ton (-23% vs. 2Q22).
  • Average net paper price1 of R$7,002/ton (+13% vs. 2Q22).
  • Pulp cash cost ex-downtime of R$918/ton (+7% vs. 2Q22).
  • Leverage of 2.2 times in USD and 2.0 times in BRL.
  • Cerrado Project completes 70% of physical progress and 57% of financial progress. Forecast for the start of operations to occur by June 2024.
    details at: https://s201.q4cdn.com/761980458/files/doc_news/2023/08/Divulga%C3%A7%C3%A3o/Release-de-Resultados_2T23_ENG.pdf
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