Exhibit 99.1 CONSOLIDATED BALANCE SHEET | | | June 30, | December 31, | | --- | --- | --- | --- | | | Note | 2023 | 2022 | | ASSETS | | | | | CURRENT | | | | | Cash and cash equivalents | 5 | 11,860,415 | 9,505,951 | | Marketable securities | 6 | 7,913,730 | 7,546,639 | | Trade accounts receivable | 7 | 6,488,192 | 9,607,012 | | Inventories | 8 | 6,422,496 | 5,728,261 | | Recoverable taxes | 9 | 747,847 | 549,580 | | Derivative financial instruments | 4.5 | 3,747,881 | 3,048,493 | | Advances to suppliers | ...

Financial Data and Key Metrics Changes - The company reported an EBITDA of R$6.2 billion, which is over 20% higher than the same period last year, with a cash generation of R$4.7 billion after CapEx [22][21] - Net debt remained flat at $10.9 billion, with a leverage ratio of 1.9 times net debt over EBITDA [38][23] - The company has a strong liquidity position with $6.1 billion available in cash and credit lines [5][38] Business Line Data and Key Metrics Changes - Sales volumes for pulp were 3% higher year-over-year but 11% lower compared to the previous quarter, indicating a seasonal effect [15] - The paper and packaging business unit delivered solid EBITDA despite challenges in international markets, with domestic demand for paperboard increasing by 3% in the first two months of 2023 [25][9] - The average export price for pulp in Q1 was $719, which is 13% lower than Q4 but 13% higher than Q1 2022 [33] Market Data and Key Metrics Changes - In Brazil, prices for paper increased by 32% year-over-year, while international prices have been more volatile [12] - Demand for print and writing papers in Brazil decreased by 3.2% in early 2023, attributed to a strong comparison base from the previous year [26] - The company noted a decrease in shipments for print and writing papers and paperboard in international markets due to restocking movements [8] Company Strategy and Development Direction - The company aims to maintain its focus on reducing total cash costs and enhancing its relevance in the global pulp market, with the Cerrado project expected to reinforce this strategy [39] - Vertical integration is a key strategic avenue, with the acquisition of Kimberly Clark's assets being part of this vision [40] - The company is exploring new alternatives for its trees and advancing sustainability initiatives, including carbon certification [40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of consumer confidence and spending in China, which is expected to drive demand for pulp and paper products [59] - The company anticipates that unexpected downtimes will continue to pressure supply due to various factors, including weather-related events and strikes [35] - Management emphasized the importance of maintaining low inventory levels to navigate potential adverse market conditions [88] Other Important Information - The company has approved its acquisition of Kimberly Clark's tissue operations in Brazil, expected to be completed in Q2 2023 [7] - The Cerrado project is on track, with 57% physical progress and expected to transform the company's cost structure [63][69] - The company has a $7 billion portfolio of FX derivatives, providing significant protection against currency fluctuations [65] Q&A Session Summary Question: Concerns about leverage if pulp prices remain low - Management indicated that they do not foresee exceeding their net debt limit of $12 billion and will manage capital allocation carefully [72] Question: Performance of marginal ton and profitability outlook - Management noted that while some volumes generate positive cash flow, not all meet the required return on capital at current price levels [91] Question: Inventory levels and customer behavior - Management confirmed that customer inventory levels are normalized in North America and Europe, but there is no buildup in China [84] Question: CapEx increase for Cerrado project - Management clarified that the increase is due to inflation adjustments and not cost overruns, with ongoing land acquisitions to support future growth [80][81] Question: Long-term pricing outlook for pulp - Management expects long-term pulp prices to align with historical averages of around $600 to $620 CIF China rate, driven by growing demand [110]

Financial Performance - Net sales revenue increased by 21.6%, or R$8,865.5 million, from R$40,965.4 million in 2021 to R$49,830.9 million in 2022, driven by a 24.2% increase in pulp prices and a 39.9% increase in paper prices in U.S. dollars[323][324] - Gross profit rose by 22.9%, or R$4,659.9 million, from R$20,349.8 million in 2021 to R$25,009.7 million in 2022, with a gross margin of 50.2% compared to 49.7% in 2021[330] - Operating profit before net financial income increased by 22.2%, or R$4,042.6 million, from R$18,180.2 million in 2021 to R$22,222.8 million in 2022, with an operating margin of 44.6%[335] - Net income for the year increased by 170.9%, or R$14,759.4 million, from R$8,635.5 million in 2021 to R$23,394.9 million in 2022[339] Costs and Expenses - Total cost of sales increased by 20.4%, or R$4,205.7 million, from R$20,615.6 million in 2021 to R$24,821.3 million in 2022, primarily due to higher input costs[329] - Selling expenses rose by 8.4%, or R$191.5 million, from R$2,291.7 million in 2021 to R$2,483.2 million in 2022, influenced by inflationary pressures on logistics costs[331] - General and administrative expenses increased by 8.4%, or R$131.9 million, from R$1,577.9 million in 2021 to R$1,709.8 million in 2022, mainly due to higher personnel expenses[332] Sales Prices - The average international net sales price of pulp increased by 24.2%, or US$148.1/ton, from US$613/ton in 2021 to US$761/ton in 2022[326] - The average international net paper sales price increased by 51.3%, or US$478.8/ton, from US$933.2/ton in 2021 to US$1,412.0/ton in 2022[328] Cash and Investments - As of December 31, 2022, the company's cash and cash equivalents were R$9,506.0 million, down from R$13,590.8 million in 2021, with 28% in reais and 72% in U.S. dollars[342] - The company reported net cash provided by operating activities of R$21,640.6 million for the year ended December 31, 2022, an increase of R$4,003.1 million compared to R$17,637.5 million in 2021[347] - Capital expenditures for the year ended December 31, 2022, totaled R$16,308.6 million, significantly higher than R$6,342.4 million in 2021, with R$7,367.1 million allocated to the Cerrado Project[350] - The approved capital expenditures budget for 2023 is R$18,494.8 million, reflecting increased investment in the Cerrado Project and other strategic initiatives[351] Debt and Financing - Total consolidated outstanding indebtedness as of December 31, 2022, was R$74,574.6 million, with R$3,335.0 million classified as current indebtedness[353] - The company has access to two Revolving Credit Facilities totaling US$1,275.0 million, with US$100.0 million available until February 2024 and US$1,175.0 million until February 2027[343] - The net cash used in investing activities for the year ended December 31, 2022, was R$17,015.8 million, compared to R$10,358.7 million in 2021[348] - Financing activities resulted in a net cash outflow of R$8,107.2 million for the year ended December 31, 2022, compared to R$1,573.9 million in 2021[349] Sustainability and Innovation - In 2022, the breeding team recommended new eucalyptus clones aiming to increase the gain in MAIcel (air dry ton of cellulose - adt/ha.year) above the current recommendation[398] - Approximately 2/3 of the breeding field trials were planted in the "Cerrado" region, supporting the identification of the best clones for future planting[399] - In 2022, Suzano submitted the first-ever dossier for commercial release of an Insect Resistant Eucalyptus, which effectively controls caterpillars, a key pest in the forest sector[402] - The new seedling protection collar technology is expected to save approximately 532 million liters of water for every 100,000 hectares planted[407] - In 2022, the Paper and Packaging R&D Team launched two new products: Mimmo Paperpack and Kraftliner, with Kraftliner responsible for 33% of total innovation sales[420] - Suzano Ventures was established with an initial outlay of US$ 70 million to invest in startups focused on bioeconomy solutions[417] - The company aims to enhance plantation productivity and sustainability through advanced biotechnology research, including gene editing and transformation[401] - In 2022, Suzano was recognized as one of the best companies in water resource management by the CDP, among 15,000 companies globally[407] Research and Development - The company has a total of 426 granted patents and patent applications, along with 54 protected varieties of eucalyptus[423] - In 2022, the company filed 2 new technology patents and identified 12 new Eucalyptus varieties for protection[424] - The Microfibrilated Cellulose (MFC) pilot plant in Finland started operations in 2021, with a demonstration plant producing textile filaments set to begin in 2023[413] Market Trends and Strategy - Key trends affecting sales include pulp purchase patterns by paper producers, pulp and paper prices, and global economic conditions[427] - The company is not reliant on third-party patents or licenses due to its investments in research and development[424]

Financial Performance - Net sales for the first quarter of 2023 reached R$11.28 billion, a 15.7% increase from R$9.74 billion in the same period of 2022[4]. - Gross profit improved to R$5.31 billion, up 23.1% from R$4.31 billion year-over-year[4]. - Net income for the period was R$5.24 billion, a decrease of 49.1% compared to R$10.31 billion in Q1 2022[4]. - Basic earnings per share decreased to R$3.97 from R$7.64 in the previous year, reflecting a decline of 47.9%[4]. - The company reported a net income before taxes of R$6,776,395, a decrease from R$16,324,360 in the same period last year, with an effective tax rate of 22.63% compared to 36.87% in Q1 2022[141]. Assets and Liabilities - Total assets increased to R$135.37 billion as of March 31, 2023, compared to R$133.20 billion at the end of 2022, reflecting a growth of 1.63%[1][2]. - Total current liabilities rose to R$15.31 billion, an increase of 5.7% from R$14.49 billion at the end of 2022[2]. - Total non-current liabilities decreased to R$81.76 billion, down 4.3% from R$85.54 billion at the end of 2022[2]. - The company reported a total equity of R$38.30 billion, an increase of 15.5% from R$33.17 billion at the end of 2022[2]. - Total liabilities decreased to $91,337,552 from $94,025,822, reflecting a decrease of approximately 3%[60]. Cash Flow and Investments - Cash and cash equivalents decreased significantly to R$4.76 billion from R$9.51 billion, a decline of 50.1%[1]. - Cash generated from operations for the period was $5,768,635, compared to $5,974,228 in the previous year[8]. - Cash provided by operating activities decreased to $4,297,210 from $4,592,845 year-over-year[8]. - Cash used in investing activities increased to $(8,833,698) from $(4,858,187) in the previous year[8]. - The company raised R$50,691 in net fundraising during Q1 2023, compared to R$1,335,715 in the previous quarter, indicating a significant decline in fundraising activity[159]. Market and Operational Developments - The company is focusing on market expansion and new product development to drive future growth[3]. - The Cerrado Project involves building a pulp production mill with an estimated capacity of 2,550,000 tons per year, with total investment of R$19,300,000, expected to start operations in the second half of 2024[22]. - The acquisition of Kimberly-Clark's tissue business in Brazil is valued at US$175 million (approximately R$922,915), with a factory capacity of 130,000 tons per year for tissue products[23][25]. - The company has 13 industrial units and operates in the pulp and paper sector, producing hardwood pulp and various paper products[10]. Risk Management - The company has not identified any short-term or long-term risks related to supply chain interruptions due to the Russia-Ukraine conflict, although there has been increased volatility in commodity and energy prices[25]. - The company continues to monitor the impacts of the Russia-Ukraine conflict on its operations and has not experienced significant disruptions in logistics or commercial transactions[25]. - The company has a hedging policy in place to manage exchange rate risks, including a maximum notional amount of $1,500,000 for the Cerrado Project[63]. - The company is exposed to commodity price risks, particularly in hardwood pulp prices, which may impact operating results due to global market dynamics[86]. Shareholder Information - The company has cancelled 37,145,969 treasury shares at an average cost of R$40.84 per share, totaling R$1,517,224, resulting in a new share capital of R$9,269,281 divided into 1,324,117,615 shares[27]. - The company’s share capital was R$9,269,281 divided into 1,361,263,584 common shares as of March 31, 2023, with a net share capital of R$9,235,546 after public offering expenses[195]. - The company held 16,727,500 treasury shares as of March 31, 2023, down from 51,911,569 as of December 31, 2022[197]. - The company repurchased 1,961,900 common shares with a total market value of R$87,243 up to March 31, 2023, under a repurchase program approved on October 27, 2022[198]. Sustainability and Environmental Initiatives - The Horizonte de Carbono Project has validated 1.9Mt CO2e of carbon credits, with 1.7Mt CO2e eligible for issuance, although the credits have not yet been issued[106]. - The company has ongoing projects for carbon credit certification, contributing to sustainability and financial viability through the commercialization of carbon credits[106]. - The company’s biological assets increased to R$15,114,469 as of March 31, 2023, up from R$14,632,186 at the end of 2022, with additions of R$1,393,291 during the period[144].

Suzano S.A. (NYSE:SUZ) Q4 2022 Earnings Conference Call March 1, 2023 8:00 AM ET Company Participants Walter Schalka - Chief Executive Officer Fabio Almeida de Oliveira - Executive Officer of Paper and Packaging Leonardo Grimaldi - Executive Officer of Commercial Pulp Aires Galhardo - Executive Officer of Pulp Operation Marcelo Bacci - CFO, Executive Officer of Finance and IR Carlos Aníbal de Almeida Jr. - Executive Officer, Forestry, Logistics and Procurement Luis Renato Costa Bueno - Executive Officer of ...

Disclaimer Sales Volume Pulp Inventory: Below optimum operational levels HIGHLIGHTS Paper1: Cash cost ex-downtimes : R$885/ton (vs. R$690/ton in 2021) High prices and solid sales volume lead to record results 613 761 630 821 831 2,722 2,797 2,759 Sales volume ('000 tons) 4Q21 3Q22 4Q22 10,586 10,600 2021 Average Net Price – Export Market (/ton) Adjusted EBITDA and EBITDA Margin (%) 21,439 25,099 5,755 7,665 7,274 4Q21 3Q22 4Q22 2021 R$5.58 R$5.25 R$5.26 R$5.40 2,114 2,741 2,636 R$ MM R$/ton Margin % 4Q21 3Q ...

Financial Data and Key Metrics Changes - The company reported an EBITDA of BRL 859 million for Q3 2022, representing a 58% increase year-over-year, achieving new all-time highs for the Paper and Packaging business unit [7] - The average net price during the quarter was 13% higher than Q2 and 43% higher than the same quarter last year, with margins expanding by 6 percentage points to an all-time high of 43% [6] - The cash production cost, excluding downtimes, stood at BRL 18 per ton, a slight increase of 3% from the previous quarter [21] Business Line Data and Key Metrics Changes - The Paper and Packaging business unit achieved its best quarter ever, with strong demand for print and writing papers and cartonboard, leading to a new best quarter EBITDA [2] - Sales volumes for the Pulp business reached 2.8 million tons in Q3 2022, exceeding previous quarters despite historically lower seasonality [11] - Domestic sales accounted for 71% of total sales in the quarter, totaling 211,000 tons, a 1% increase year-over-year [6] Market Data and Key Metrics Changes - Demand for print and writing papers in Brazil increased by 8.5% in the first two months of Q3 compared to the same period in 2021, driven by government programs and elections [4] - Paperboard demand showed a strong 11.7% increase in the same period, indicating robust market conditions [5] - In China, production in segments related to BHKP, such as tissue and printing, increased by 7% year-to-date compared to 2021 [17][18] Company Strategy and Development Direction - The company is focused on integrating the recently acquired Kimberly-Clark tissue business and plans to build a new tissue plant in Aracruz, pending board approval [30][31] - The company aims to reduce price volatility through various pricing schemes, including cap and floor agreements, to stabilize order chains [49][50] - The Cerrado project is on time and on budget, with 31% physical progress and 24% financial progress, indicating a commitment to future growth [28] Management's Comments on Operating Environment and Future Outlook - Management noted improvements in international logistics, which are expected to ease supply imbalances seen in the previous year [9] - The company anticipates strong paper demand in Brazil during Q4 and supportive demand in main export markets [9] - There is recognition of macroeconomic uncertainties, particularly related to the Russia-Ukraine war, but demand for pulp remains strong in Europe and North America [16] Other Important Information - The company maintained a net debt of $10.7 billion while returning $700 million to shareholders through dividends and share buybacks [25] - The company has increased its cash flow hedges to take advantage of rising interest rates in Brazil [26] Q&A Session All Questions and Answers Question: Outlook for Europe vs. China in 2023 - Management acknowledged uncertainty in supply and demand fundamentals for 2023, with expectations of global hardwood pulp demand growth despite potential slowdowns in Europe [35][38] Question: Pulp Prices and Long-term Strategy - Management believes that supply curtailments are supporting high pulp prices and that they are exploring various avenues for future growth, including organic growth and niche products [42][44] Question: Production and Volume Outlook - Management does not expect to increase inventories in Q4 2022 due to full order books and plans to manage maintenance downtimes strategically [47][48] Question: Kimberly-Clark Acquisition Details - Management refrained from disclosing specific financial details about the acquisition but emphasized the expected synergies and smooth integration due to existing experience in the tissue business [54][55] Question: Price Realizations and Supply/Demand in China - Management confirmed that price realization dynamics are expected to remain favorable, with tight supply conditions in China despite recent price fluctuations [60][62] Question: Domestic and Export Demand for Paper - Management reported solid demand in both domestic and Latin American markets, with expectations for a strong fourth quarter driven by seasonal factors [66]

| --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------------------------------|-------|-------|-------|-------|-------|-------------------------------| | | | | | | | | | | | suz | | | | | | | | | SUZB LISTED NYSE B3 LISTED NM | | | | | | | | | | | | | | | suzano we plant the future | | | | | | | | | Earnings Conference Call 3Q22 | | | | | | -9- | | | | Disclaimer 2 | --- | --- | --- | |-------|-------|----------------------------------------------------------------------------------------------- ...

Exhibit 99.1 Suzano S.A. Unaudited condensed consolidated interim financial information Nine-month period ended September 30, 2022 (In thousands of R$, unless otherwise stated) CONSOLIDATED BALANCE SHEET | | | September 30, | December 31, | | --- | --- | --- | --- | | | Note | 2022 | 2021 | | ASSETS | | | | | CURRENT | | | | | Cash and cash equivalents | 5 | 6,958,161 | 13,590,776 | | Marketable securities | 6 | 10,907,907 | 7,508,275 | | Trade accounts receivable | 7 | 8,664,852 | 6,531,465 | | Inventories ...

Suzano S.A. (NYSE:SUZ) Q2 2022 Results Conference Call July 28, 2022 9:00 AM ET Company Participants Aires Galhardo - Executive Management, Pulp Operation Fabio Oliveira - Executive Officer, Paper & Packaging Leonardo Grimaldi - Executive Officer, Commercial Pulp, People & Management Marcelo Bacci - CFO, IRO Walter Schalka - CEO Carlos Anibal - Executive Officer, Forestry, Logistics & Procurement Conference Call Participants Daniel Sasson - Itau BBA Thiago Lofiego - Bradesco BBI Leonardo Correa - Banco BTG ...