Empresas CMPC (CMPC) Corporate Presentation summary

Company overview

• Over 100 years of history as a global leader in sustainable pulp and paper, with 810,000 hectares of certified forest assets and operations in Pulp, Softys, and Biopackaging segments.

• Recognized as the world's most sustainable company in the Paper & Forest category by the Dow Jones Sustainability Index in 2024.

• Reported last twelve months (LTM) sales of $7.78 billion and EBITDA of $1.44 billion as of September 2024.

• Fifth largest global pulp producer and leading tissue paper producer in its markets.

• Major shareholders include Grupo Matte (56%), international investors (13%), local investors (21%), and pension funds (10%).

Business segments and regional presence

• Pulp segment generated $3.07 billion in sales and $834 million EBITDA (27.2% margin), with significant assets in Chile and Brazil.

• Softys (personal care and tissue) posted $3.60 billion in sales and $559 million EBITDA (15.5% margin), operating across Latin America.

• Biopackaging achieved $1.11 billion in sales and $134 million EBITDA (12.1% margin), with operations in Chile, Brazil, and Argentina.

• Diverse product portfolio includes pulp, tissue, boxboard, wood products, and corrugated packaging.

Financial performance and debt profile

• Revenues have grown from $5.1 billion in 2017 to $7.8 billion in the last twelve months, with EBITDA margins ranging from 17% to 29%.

• Total debt stands at $5.58 billion, with 48% in international bonds, 31% in bank loans, and 21% in local bonds.

• Debt maturity profile is well-distributed through 2034, with major repayments in 2025, 2026, and 2028.

• Maintains a conservative leverage policy, adjusting dividends and raising capital as needed for strategic projects.

• Historical net debt/EBITDA ratios have remained below 3.5x, with recent levels around 1.6x.