Irani Papel e Embalagem (RANI3) Investor Day 2026 summary

Strategic vision and sustainability

• Strategic planning cycles are revisited every three years to ensure long-term consistency and adaptability, with the latest cycle covering 2025–2034.

• Sustainability is integrated into the business model, with significant reductions in GHG emissions (down 74.1%) and landfill waste (down 67.3%) since 2006.

• Achieved early completion of two 2030 sustainability commitments, including 100% renewable energy and zero lost-time work accidents.

• Published a Sustainability-related Financial Disclosures Report under IFRS S1 and S2, being the third in Brazil to do so.

• Opportunities from climate-related matters outweigh risks, with major financial upside from increased demand for sustainable packaging and proprietary forest valuation.

Growth initiatives and capital allocation

• Announced Gaia XII Project and Neos Platform, focusing on sustainable packaging and circular economy investments.

• Gaia XII involves a BRL 514 million expansion, including a new paper machine and biomass boiler to further decarbonize operations.

• Neos Platform targets doubling market share in corrugated packaging to 8% by 2034, with phased investments and leverage maintained below 2.5x.

• Expansion plans include new packaging plants and a potential new paper machine in strategic regions to capture market growth.

• Capital allocation is disciplined, balancing growth, shareholder returns, and financial strength, with a 50% payout policy and regular share buybacks.

Financial performance and market positioning

• Net revenue, EBITDA, and value added have grown at CAGRs of 9.5%, 15.2%, and 13.1% respectively since 2006.

• Total shareholder return (TSR) from 2006–2025 reached 598%, outperforming CDI and Ibovespa since the Re-IPO.

• Maintains high credit ratings and access to differentiated funding, reducing average cost of debt to below CDI.

• Organic growth driven by demand is the foundation for sustainable TSR, with a focus on value creation across the value chain.

• Customer satisfaction is high, with NPS scores of 84 for packaging and 91 for paper customers.