Suzano S.a. · BMFBOVESPA:SUZB3

Suzano — Q2 2012 Earnings Presentation

16 slides from Suzano's earnings presentation, 2012

  1. Slide 1: 2Q12 Results Presentation

    ‘S) r j SUZANO PULP AND PAPER 2 i “= 2Q12Results ~

  2. Slide 2: General Notice

    General Notice Certain statements in this presentation may constitute forward-looking statements. Such statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks include changes in customer

  3. Slide 3: Agenda

    Agenda 01 | Financial Shield 02 | 2Q12 Earnings Results 03 | Maranhão Project 3

  4. Slide 4: Financial Shield Package

    Financial Shield Package The Offering is one of the components of a comprehensive package which brought the comfort needed in terms of cash flow until the end of 2016 R$ 2.8 BILLION CASH 1  Cash position of the company as of 30th June 2012 R$ 1.5 BILLION EQUITY OFFERING  Issuance of 119,605,766 or

  5. Slide 5: Financial Shield Package: Cash Inflows & Outflows 2012/2013

    Financial Shield Package The Company has a comfortable cash position in order to afford Maranhão Project investments through 2012 and 2013 Cash Inflows & Outflows 2012/2013 (R$ billion) 4.5 4.5 2.0 2.8 2.5 2.5 (2.2) 1.0 1.5 0.6 2.1 (1.0) (3.8) (2.3) (3.3) Cash Jun 12 Debt Capex BNDES EBITDA¹ Equity

  6. Slide 6: Capital Increase

    Capital Increase Financial planning prioritizes liquidity and reduces refinancing needs Amortization Schedule (R$ billion) 4.5 (0.7) (1.1) (2.0) 2014-2016: Total of R$ 4.6 billion (2.8) (3.1) Cash (dec/13)+ 2014 2015 2016 2017 2018+ Stand-by Not considering the Company’s operating and investing cash

  7. Slide 7: Agenda

    Agenda 01 | Financial Shield 02 | 2Q12 Earnings Results 03 | Maranhão Project 7

  8. Slide 8: Sales Volume

    Sales Volume Increase of 27.4% on paper sales volume and increase in the European share of pulp sales comparing to 1Q12 Pulp Sales Volume (‘000 ton) Paper Sales Volume (‘000 ton) +6.2% +8.8% +3.3% +3.6% 629 578 865 896 +27.4% 243 -0.1% 239 332 353 686 277 433 448 448 690 137 136 106 339 386 342 344

  9. Slide 9: Consolidated Results

    Consolidated Results Pulp and paper prices increase and exchange variation caused a positive impact on results. Net Revenue(R$ million) and Volume (‘000 ton) Cash Cost¹ ex-Maintenance Downtime (R$/ton) 1,443 1,526 2 582 13 766 725 801 15 2,282 2,361 551 1,268 1,252 1,225 1,323 1,038 657 707 545 1,01

  10. Slide 10: Debt

    Debt Lengthening of debt profile with the carry out of R$ 1.2 billion and the structuring of financial shield package Gross Debt (R$ million) Debt Profile Evolution 9,308 544 9,607 1Q12 2Q12 (158) (87) Short Short Term Term 15% 28% Long Long Term Term 72% 85% Gross Debt Funding / Interest Foreign Gr

  11. Slide 11: Capital Expenditure

    Capital Expenditure The growth projects will be developed with discipline Capex (R$ ‘000) 2Q12 2Q11 Δ Y-o-Y 1Q12 Δ Q-o-Q 6M12 6M11 Δ Q-o-Q Sustain 132,294 100,591 31.5% 98,633 34.1% 230,927 213,433 8.2% Industrial 51,397 34,470 49.1% 24,747 107.7% 76,144 57,558 32.3% Forestry 80,897 66,121 22.3% 73,

  12. Slide 12: Agenda

    Agenda 01 | Financial Shield 02 | 2Q12 Earnings Results 03 | Maranhão Project 12

  13. Slide 13: Maranhão Project: On Time, On Budget I

    Maranhão Project: On Time, On Budget I In 4Q13, Suzano will start operating its Maranhão unit, one of the most modern in the world and with a production capacity of 1.5 million tons/year of eucalyptus market pulp Plant Location Main Characteristics FORESTRY  25 years of research in the region  Ave

  14. Slide 14: Maranhão Project: On Time, On Budget II

    Maranhão Project: On Time, On Budget II The Maranhão unit is in execution phase and a great part of its milestones has already been concluded Business Differentials Status of the Project Operational Reliability 57% of forests planted  More operational flexibility: stability and smaller costs  Lowe

  15. Slide 15: Highlights

    Highlights  Financial Shield Package of around R$ 10 billion:  R$ 1.5 bi Primary Equity Offering  R$ 2.0 bi Stand by Facility;  R$ 1.2 bi debt restructuring;  R$ 2.7 bi BNDES credit line;  R$ 750 million financing with the Export Credit Agency (ECAs)  Sale of non-core assets and/or partnershi

  16. Slide 16: Investor Relations

    Investor Relations Investor Relations www.suzano.com.br/ir [email protected] 16

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