Q3 2024 Suzano SA Earnings Call Transcript

Oct 31, 2024 / 02:00 PM GMT

Release Date Price: $10.27 (-1.53%)

Transcript

Key Points

Positve

Suzano SA (SUZ) reported a strong EBITDA of 6.5 billion, driven by improved sales volumes and favorable FX rates.
The company successfully closed acquisitions of forest assets from BTG and Suzano Packaging US, enhancing its asset portfolio.
Suzano SA (SUZ) is on a clear path of deleveraging, with leverage declining to 3.1 and expected to continue decreasing.
The Ribas Mill started operations, contributing to increased sales volumes and positioning Suzano SA (SUZ) for future growth.
The company anticipates a strong seasonal demand in Q4, particularly in the domestic market for uncoated papers and paperboard.

Negative

Higher cash costs were reported, attributed to increased energy consumption and startup costs at the new Ribas Mill.
Operational challenges were noted, including bottlenecks in export supply chains and higher logistics expenses.
Prices in international markets were mostly flat, with a 3.8% year-over-year decrease reflecting market adjustments.
The pulp market faced headwinds from China, with a sharp decrease in prices affecting Suzano SA (SUZ)'s margins.
The company anticipates ongoing disruptions and geopolitical uncertainties, which could maintain high logistics costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SUZB3.SA - Suzano SA
Q3 2024 Suzano SA Earnings Call
Oct 31, 2024 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for holding and welcome to Suzano's conference call to discuss the results for the third quarter of 2024. We would like to inform you that all participants will be in listen-only mode during the presentation that will be addressed by the CEO Mr Beto Breu and other executive officers. This call will be presented in English with simultaneous translation to Portuguese to change the audio, you can press the globe icon located on the lower right side of your zoom screen and then choose to enter the Portuguese room. After that, you can select new traditional audio before proceeding. Please be aware that that any forward-looking statements are based on the beliefs and assumptions of Suzano's executive board and on information

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