Suzano S.a. · BMFBOVESPA:SUZB3
Suzano — Q1 2012 Earnings Presentation
9 slides from Suzano's earnings presentation, 2012
Slide 1: 1Q12 Results Presentation
S) SUZANO PULP AND PAPER * Se 1Q12 Results ~* Presentation
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
Slide 3: 1Q12 Highlights
1Q12 Highlights Total market pulp and paper production of 765 thousand tons. Total sales of market pulp and paper of 725 thousand tons. Higher average domestic paper prices vs 4Q11. Successive increases in pulp list prices (CIF Europe May/12: US$ 800/ton) Global pulp inventories at 31 days
Slide 4: Sales Volume
Sales Volume Paper sales volume reflects industry seasonality. The highlight of the quarter was the share of domestic market in the paper sales mix: 62% (+1.5 p.p. vs 4Q11) Pulp Sales Volume (‘000 ton) Paper Sales Volume (‘000 ton) +3.9% +12.4% -11.8% 508 431 448 -31.0% 401 413 160 277 344 246 348 1
Slide 5: Consolidated Results
Consolidated Results EBITDA Margin reduction of 10 p.p. vs 1Q11 mainly due to lower pulp price Net Revenue(R$ million) and Volume (‘000 ton) Cash Costs ex-Maintenance Downtime (R$/ton) 909 678 725 9 554 1,336 543 3 1,057 (1) 1,038 710 610 545 627 447 492 1Q11 4Q11 1Q12 4Q11 Wood Chemicals Fixed Cost
Slide 6: Debt
Debt Conservative financial policy with long-term debt profile Gross Debt (R$ million) 693 9,308 8,744 (24) (105) Cash position: R$ 3.6 bilion (mar/12) Net debt / EBITDA: 4.8x (mar/12) Gross Debt Funding / Interest Foreign Gross Debt Project finance: grace period and gradual amortization (Dez/
Slide 7: Capital Expenditure
Capital Expenditure The growth projects will be developed with discipline, respecting the financial balance of the Company Capex (R$ million) 1Q12 1Q11 Δ Y-o-Y 4Q11 Δ Q-o-Q Sustain 99 113 -12.6% 166 -40.7% Industrial 25 23 7.2% 58 -57.4% Forestry 74 90 -17.7% 108 -31.8% Growth 294 1,662 -82.3% 185 5
Slide 8: Maranhão Project Status
Maranhão Project Status Construction works with 95% of suppliers already contracted. 30% of physical construction completed: Earth moving works completed 65% of physical infrastructure completed. 38% of equipment manufacturing concluded. Boiler foundations completed. More than 90 contain
Slide 9: Investor Relations
Investor Relations Investor Relations www.suzano.com.br/ir [email protected] 9