09:38 uur 10-02-2022

Suzano meldt een record aan operationele cashgeneratie van R$18,8 miljard in 2021

SÃO PAULO & NEW YORK–(BUSINESS WIRE)– Suzano, ‘s werelds toonaangevende producent van eucalyptuspulp en een wereldwijde benchmark in de productie van bioproducten die zijn ontwikkeld op basis van eucalyptus, eindigde 2021 met een recordniveau van gegenereerde operationele cash van R$ 18,8 miljard. De jaarresultaten tonen de veerkracht van Suzano aan tijdens een periode van hoge kostendruk en de sterke groeistrategie van het bedrijf. Voor 2022 heeft het bedrijf een investering van R$ 13,6 miljard goedgekeurd.

De aangepaste EBITDA, een andere belangrijke prestatie-indicator van het bedrijf, kwam uit op een record van R$23,5 miljard dankzij een ongekende EBITDA van R$6,4 miljard in 4Q21.

Door de stijging van de aangepaste EBITDA, in combinatie met de verlaging van de nettoschuld tot 10,4 miljard dollar eind 2021, eindigde de verhouding tussen de nettoschuld en de aangepaste EBITDA het jaar op 2,4x, vergeleken met 4,2x eind 2020.

Suzano reports record operating cash generation of R$18.8 billion in 2021

SÃO PAULO & NEW YORK–(BUSINESS WIRE)– Suzano, the world’s leading eucalyptus pulp producer and a global benchmark in the manufacture of bioproducts developed from eucalyptus, ended 2021 with record levels of operating cash generation of R$18.8 billion. The annual results demonstrate Suzano’s resilience during a period of inflated cost pressures and the company’s strong growth strategy. For 2022, the company has approved investment of R$13.6 billion.

Adjusted EBITDA, another important company performance indicator, stood at a record R$23.5 billion driven by an unprecedented EBITDA of R$6.4 billion during 4Q21.

Due to the increase in adjusted EBITDA, combined with the reduction of net debt to US$10.4 billion at the end of 2021, the ratio of net debt to adjusted EBITDA ended the year at 2.4x, compared to 4.2x at the end of 2020.

“The strong performance achieved in 2021 has laid the foundations for our 2022 investment into growth, which will be the largest in the company’s history. Our new Ribas do Rio Pardo plant will require investment of R$19.3 billion over course of three years to H2 2024 and will reach new heights in efficiency and sustainability,” says Walter Schalka, CEO of Suzano.

Production from the new plant in Mato Grosso do Sul state is due to commence H2 2024 and will increase the company’s pulp supply to meet growing demand for products derived from renewable sources.

At the end of 2021, Suzano’s strong operational results led to annual net revenue of R$41 billion. In 2021 pulp sales volume totaled 10.6 million tons, while paper sales volume was 1.3 million tons.

The company posted net income of R$8.6 billion in the year, despite the sharp increase in costs during the period that saw pulp production cash cost rise by 14% to R$690 per ton.

The company’s ESG agenda also advanced considerably during 2021, a landmark year culminating in the company’s presence at COP26. Other highlights include: the issuance of two new of sustainability linked bonds totaling US$1.5 billion, improved performance across a number of international indices, and the announcement of its Biodiversity Corridors Project which sets out to connect half a million hectares of fragmented biomes across Brazil by 2030. Suzano has made significant progress in meeting the company’s 15 long-term targets, known as the Commitments to Renewing Life, which can be tracked here: https://centraldeindicadores.suzano.com.br/en/.


Hawthorn Advisors

Jamie Plotnek


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