Suzano S.A.(SUZ)

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Suzano S.A.(SUZ) - 2023 Q4 - Annual Report
2024-04-26 11:21
As filed with the Securities and Exchange Commission on April 26, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended DECEMBER 31, 2023 Commission file number 001-38755 Suzano S.A. (Exact name of Registrant as specified in its charter) Suzano Inc. (Translation of Registrant's name into English) Federative Republic of Brazil (Jurisdiction of incorporation or orga ...
Suzano S.A.(SUZ) - 2023 Q4 - Annual Report
2024-04-25 23:51
Exhibit 99.1 Portuguese version shall prevail SUZANO S.A. Publicly Held Company CNPJ/MF No. 16.404.287/0001-55 NIRE No. 29.300.016.331 MINUTES OF THE ANNUAL AND EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING HELD ON APRIL 25, 2024 1. Date, Time and place: April 25, 2024, at 10:00 a.m., exclusively through a digital system for remote attendance provided by Suzano S.A. ("Company") pursuant to item II of Paragraph 2 of Section 28 of CVM Resolution No. 81, of March 29, 2022, as amended ("RCVM 81/22") and pursuant ...
Suzano S.A.(SUZ) - 2023 Q4 - Earnings Call Presentation
2024-02-29 21:21
suzano Earnings Conference Call 4Q23 SUZB B3 LISTED NM suz LISTED NYSE Disclaimer 2 This presentation contains what are considered "forward-looking statements," as defined in Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act, as amended. Some of these forward-looking statements are identified with words such as "believe," "may," "could," "would," "possible," "will," "should," "expect," "intend," "plan," "anticipate," "estimate," "potential," "outlook" or "continue," ...
Suzano S.A.(SUZ) - 2023 Q4 - Earnings Call Transcript
2024-02-29 21:21
Suzano S.A. (NYSE:SUZ) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants Walter Schalka - Chief Executive Officer Marcelo Bacci - Executive Officer, Finance and Investor Relations Walter Schalka - Chief Executive Officer Aires Galhardo - Executive Officer, Pulp Operation Leonardo Grimaldi - Executive Officer, Commercial Pulp and Logistics Fabio Oliveira - Executive Officer, Paper & Packaging Conference Call Participants Rodolfo De Angele - JPMorgan Jon Brandt - HSBC Leonardo ...
Suzano S.A.(SUZ) - 2024 Q1 - Quarterly Report
2024-02-28 21:14
Financial Performance - Net sales for the three-month period ended March 31, 2024, were R$9,458,602, a decrease of 16.1% compared to R$11,276,383 in the same period of 2023[7]. - Gross profit for the same period was R$3,758,732, down 29.1% from R$5,307,709 year-over-year[7]. - The company reported a net income of R$220,032 for Q1 2024, a significant decline from R$5,242,793 in Q1 2023[7]. - Earnings per share decreased to R$0.16755 in Q1 2024 from R$3.96896 in Q1 2023[7]. - Cash generated from operations for the three-month period was R$4,253,410 thousand, down from R$5,535,217 thousand year-over-year[14]. - Total comprehensive income for the period included a net income of R$220,032 thousand and other comprehensive income of R$2,220 thousand[14]. - Net income for the period ended March 31, 2024, was R$220,032 thousand, a significant decrease from R$5,242,793 thousand in the same period of 2023[14]. Assets and Liabilities - Total current assets decreased to R$35,871,806 as of March 31, 2024, from R$38,569,072 at the end of 2023, reflecting a decline of 7.1%[2]. - Total liabilities slightly decreased to R$98,674,892 as of March 31, 2024, compared to R$98,782,725 at the end of 2023[5]. - The company’s cash and cash equivalents decreased to R$4,203,126 from R$8,345,871, a decline of 49.7%[2]. - Inventories increased to R$6,521,769 as of March 31, 2024, up 9.7% from R$5,946,948 at the end of 2023[2]. - The company’s total equity decreased to R$44,724,599 from R$44,810,300, a decline of 0.2%[5]. - Trade accounts receivable decreased from R$6,848,454 to R$6,634,735, a decline of about 3.1%[44]. - Loans, financing, and debentures increased from R$77,172,692 to R$78,949,641, an increase of approximately 2.3%[44]. Cash Flow and Investments - The company reported a decrease in cash and cash equivalents of R$4,142,745 thousand, ending the period with R$4,203,126 thousand[14]. - Additions to property, plant, and equipment amounted to R$2,556,172 thousand, compared to R$2,449,752 thousand in the prior year[14]. - The company repurchased shares worth R$309,952 thousand during the period, compared to R$87,243 thousand in the previous year[14]. - The company raised US$780,000 (equivalent to R$3,897,036) through an export prepayment on February 15, 2024, with a floating rate based on SOFR + 1.65% p.a., maturing in February 2029[156]. - A Rural Credit Note of R$200,000 was raised on March 28, 2024, with a post-fixed interest rate of 100% of the CDI, maturing in March 2025[158]. Risk Management - The company has not identified any short-term or long-term risks of material shortages due to the ongoing geopolitical conflicts, although there has been increased volatility in commodity and energy prices[34]. - The company continuously monitors the impacts of the Russia-Ukraine war and Middle East conflict on its operations and market conditions[26][28]. - The company actively manages interest rate risks, with a focus on financial instruments to mitigate negative cash flow impacts from fluctuations in interest rates[63]. - The company utilizes Non-Deliverable Forward contracts to protect cash flow against the depreciation of the Brazilian Real, particularly for the Cerrado project[82]. Shareholder Information - The company reported a closing balance of expected credit losses at R$80,482 thousand as of March 31, 2024, down from R$95,053 thousand on December 31, 2023[105]. - The number of shares under the long-term compensation plans increased to 9,964,364 as of March 31, 2024, from 9,728,425 as of December 31, 2023[186]. - The company canceled 37,145,969 shares at an average cost of R$40.84, resulting in a total cancellation value of R$1,517,224[197]. - The weighted average number of outstanding shares decreased from 1,319,583 thousand in Q1 2023 to 1,285,502 thousand in Q1 2024, a reduction of approximately 2.6%[199]. Tax and Regulatory Compliance - The effective rate of income and social contribution tax expenses for the first quarter of 2024 was 145.10%, a notable increase from 22.63% in the same quarter of 2023[127]. - The company has tax incentives for partial reduction of income tax from operations in specific regions, which are expected to positively impact future profitability[129]. - Suzano is monitoring the implementation of OECD Pillar Two model rules, which may affect its operations in European jurisdictions starting in 2024[131].
Suzano S.A. (SUZ) 2023 Suzano Investor Day Transcript
2023-10-31 15:49
Suzano S.A. (NYSE:SUZ) 2023 Suzano Investor Day October 27, 2023 10:00 AM ET Company Participants Walter Schalka – Chief Executive Officer Carol Carpenedo – Executive Officer, People and Management, SSQVF, Communication, and Brand Christian Orglmeister – Executive Officer, New Business, Strategy, IT and Digital Carlos Anibal Fernandes de Almeida – Forestry and Procurement Officer Aires Galhardo – Executive Officer, Pulp Operation Leonardo Grimaldi – Executive Officer, Commercial Pulp and Logistics Fabio Alm ...
Suzano S.A.(SUZ) - 2023 Q3 - Earnings Call Presentation
2023-10-27 14:39
suz LISTED NYSE 2 PAPER AND PACKAGING BUSINESS 6,675 6,699 6,6146,215 3Q22 2Q23 3Q23 LTM 3Q23 Sales Volume ('000 tons) Average Net Price – Export Market (/tons) Adjusted EBITDA and EBITDA Margin 190 400 180 363 351 364 Input (10) (35) 2Q23 1 (47) Wood Fixed Cost 1 Energy (2) 918 FX (34) 3Q23 861 -6% Commodity price effect: -R$23/ton Δ Δ Δ Δ Earnings Conference Call 3Q23 The forward-looking statements include, without limitation, statements related to the declaration or payment of dividends, implementation o ...
Suzano S.A.(SUZ) - 2023 Q3 - Quarterly Report
2023-09-29 11:40
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Suzano S.A.(SUZ) - 2023 Q2 - Earnings Call Transcript
2023-08-05 19:52
Suzano S.A. (NYSE:SUZ) Q2 2023 Results Conference Call August 3, 2023 9:00 AM ET Company Participants Walter Schalka - CEO Fabio Almeida de Oliveira - Executive Officer, Paper and Packaging Leonardo Grimaldi - Executive Officer, Commercial Pulp Aires Galhardo - Executive Officer, Pulp Operation Marcelo Bacci - CFO, Executive Officer, Finance and IR Luis Renato Costa Bueno - Executive Officer, Consumer Goods & Corporate Affairs Carlos Anibal Fernandes de Almeida - Executive Officer, Forestry, Logistics & Pro ...
Suzano S.A.(SUZ) - 2023 Q2 - Earnings Call Presentation
2023-08-04 13:39
suzano SUZB B3 LISTED NM Disclaimer The forward-looking statements include, without limitation, statements related to the declaration or payment of dividends, implementation of the key operational and financial strategies and investment plans, guidance about future operations and factors or trends that influence the financial situation, liquidity or operational results. Such statements reflect the current view of the management and are subject to diverse risks and uncertainties. These are qualified in accor ...