Suzano (SUZB3) Investor presentation summary

Financial performance and governance

• Net revenue reached US$9.0 billion LTM 2Q26, with adjusted EBITDA of US$3.8 billion and a 42% margin.

• Net debt stands at US$12.8 billion, with a net leverage ratio of 3.4x.

• Board of Directors includes 44% independent members and 22% women, supported by multiple committees.

• Listed on B3's Novo Mercado and NYSE ADR Level 2, reflecting robust governance.

• Conservative financial policy with commodity hedging and diversified global funding sources.

Strategic roadmap and competitiveness

• Focus on enhancing competitiveness, disciplined growth, and extracting value from prior capital allocations.

• Competitiveness acceleration program targets cost reduction and operational efficiency across the value chain.

• Unique forestry capability, disciplined execution, and strategic wood swap transactions drive structural advantages.

• Ribas do Rio Pardo mill outperformed expectations, increasing production capacity without additional capex.

• Cost reduction initiatives leverage AI and process optimization, targeting R$80M–R$115M in savings.

Market dynamics and growth

• Global market pulp demand continues to grow, led by China and tissue segments.

• BHKP (hardwood pulp) is gaining market share over BSKP (softwood pulp) across all segments.

• New integrated capacity in Asia and LatAm is reshaping the competitive landscape, with ongoing wood cost pressures.

• Vertical integration in Asia expected to grow, but oversupply risks persist, requiring closures and downtime to balance.

• Eucafluff® expansion to add 340kt/year by Dec 2025, supporting innovation in specialty pulp.