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1 q08 earnings presentation

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1 q08 earnings presentation

  1. 1. 1Q08 Consolidated Results April 24th, 2008 1
  2. 2. Highlights 4Q071. Pulp prices increased to US$ 800 / ton (CIF Europe) in February; with a further price increase of US$ 40 / ton in April.2. Producers’ hardwood pulp inventories in February: 34 days of shipments.3. New record in net sales: R$ 970 million.4. Record pulp sales volume: 348,000 tons.5. Net debt / Ebitda reduces to 3.48 at end-March.6. Pulp cash cost per ton (excluding cost of scheduled maintenance shutdown at Mucuri in March): R$ 452 / ton.7. Record output of paper and market pulp in the quarter: 634,000 tons.8. Mucuri Line 2 produced 167,000 tons with schedule maintenance shutdown in March.9. Net income of R$ 128.6 million, 39% higher than 4Q07 and 21% higher than 1Q07. 2
  3. 3. Pulp Business UnitNet price for pulp exports in 4Q07 was US$ 681/t, compared with US$654/t in 3Q07, and US$ 588/t in 4Q06;Strong demand, constraints related to wood supply and lowinventories;Record production: 351 tsd tons of market pulp in 1Q08;Record volume of 348 tsd tons in 1Q08;Cash cost of R$ 488 / ton in the quarter, 0.2% lower than 4Q07 evenwith scheduled maintenance shutdown. 3
  4. 4. Pulp Business Unit Pulp net sales (R$ million) Pulp sales volume (thousand tons) 348 407 294 337 174 212 286 339 238 277 139 173 56 62 34 60 68 394Q07 1Q08 1Q07 4Q07 1Q08 1Q07 Domestic market Export market Domestic market Export market Pulp Exports 1Q08 (participation in sales volume) North America Latin America 8% 1% Europe Asia 53% 38% 4
  5. 5. Paper Business UnitVolume of 1.13 million tons, 1.8% higher than 1Q07.Brazilian paper market estimated growth of 8% compared to 1Q07.Volume sold increased 3.4% excluding Ripasa’s Units.Average net price decreased 5.5% in reais and increased 14.6% indollars, comparing to 1Q07.54% participation in the domestic market due to seasonal effects. 5
  6. 6. Paper Business Unit Paper sales volume (thousand tons) Paper Net Sales (R$ million) 290 624 584 271 266 562 208 118 215 221 125 117 171 416 348 363 146 149 4Q07 1Q08 1Q07 4Q07 1Q08 1Q07Domestic market Export market Domestic market Export market Paper Exports 1Q08 (sales volume) North America 20% Latin America 40% Other markets 15% Europe 25% 6
  7. 7. Results 1Q08 % % 4Q07 1Q08 1Q07 1Q08/4Q07 1Q08/1Q07Sales volume (000 tons) 583 619 440 6,1% 40,7%Paper volume domestic market (000 tons) 171 146 149 -14,6% -2,0%Pulp volume export market (000 tons) 238 286 139 20,5% 105,4%Net revenue - R$ million 963 970 809 0,6% 19,8%Net income - R$ million 93 129 106 38,6% 21,2%Cash-cost (R$/tons) 489 488 465 -0,2% 4,9%EBITDA - R$ million 326 341 275 4,7% 24,2%EBITDA - US$ million 183 196 130 7,4% 50,7%EBITDA margin 33,8% 35,2% 33,9% 4,1% 3,8%Exchange Rate 1,78 1,74 2,11 -2,5% -17,5%Net debt / EBITDA (LTM) 3,74 3,48 3,72 -7,0% -6,5% obs 7
  8. 8. IR Team+55 11 3503 9061ri@suzano.com.brPressLetícia VolponiGWA Comunicação Integradaleticia@gwacom.com+55 11 3816 3922

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