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 ...

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

Exhibit 99.1 Suzano S.A. Unaudited condensed consolidated interim financial information Six-month period ended June 30, 2022 (In thousands of R$, unless otherwise stated) CONSOLIDATED BALANCE SHEET | | | June 30, | December 31, | | --- | --- | --- | --- | | | Note | 2022 | 2021 | | ASSETS | | | | | CURRENT | | | | | Cash and cash equivalents | 5 | 7,712,081 | 13,590,776 | | Marketable securities | 6 | 12,337,762 | 7,508,275 | | Trade accounts receivable | 7 | 5,865,962 | 6,531,465 | | Inventories | 8 | 5,54 ...

Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of BRL 5.1 billion for Q1 2022, despite facing cost pressures and lower volumes due to annual shutdowns [5] - Cash costs were over BRL 860 per ton, reflecting significant inflationary pressures [5][27] - Net debt remained stable at approximately BRL 10.5 billion, with a sizable liquidity position of $5.3 billion [34][40] Business Line Data and Key Metrics Changes - The pulp business produced 2.4 million tons in Q1 2022, with lower sales volumes due to planned maintenance downtimes [15] - The paper and packaging business achieved record Q1 EBITDA of BRL 525 million, a 41% increase compared to Q1 2021, driven by strong demand and higher prices [11][8] - Domestic sales in the paper segment represented 67% of total sales, totaling 187,000 tons, a 6% increase year-over-year [10] Market Data and Key Metrics Changes - In Brazil, print and writing demand grew by 1% in the first two months of 2022, while paperboard demand shrank by 9% [10] - Pulp inventories in European ports were 2% below Q4 2021 and 26% below historical averages, indicating tightening supply [17] - In China, pulp inventories decreased by 17% in March compared to February, reflecting low stock levels [18] Company Strategy and Development Direction - The company is focused on the Cerrado Project, with BRL 1.2 billion invested in Q1 2022, aiming for completion in the second half of 2024 [5][32] - The company is enhancing its ESG initiatives, with over 50% of the Board now comprising independent members [6] - A buyback program of approximately BRL 1 billion was announced, alongside an additional BRL 800 million in dividends, reflecting a commitment to shareholder returns [38][40] Management's Comments on Operating Environment and Future Outlook - Management highlighted strong cash generation despite cost pressures and lower production volumes, indicating resilience in operations [5] - The outlook for the pulp market remains positive due to strong demand and supply constraints, with expectations for price increases in the coming months [41] - Management acknowledged the challenges posed by inflation and logistics disruptions but expressed confidence in meeting customer needs and maintaining production levels [11][60] Other Important Information - The company announced an agreement to acquire Parkia vehicles for $667 million, which is expected to reduce annual CapEx by $51 million over the next 16 years [37] - The company is maintaining a disciplined approach to capital allocation, balancing growth investments with shareholder returns [92] Q&A Session Summary Question: Timing of price increase announcement in China - Management clarified that the timing of the price increase announcement was strategic, considering customer behavior during the Labor Day holiday [46] Question: Balancing cash returns and growth - Management acknowledged the need to balance cash returns with growth investments, emphasizing the importance of financial discipline [52][54] Question: Expectations for pulp cash costs - Management indicated that cash costs are expected to remain flattish in the coming quarters, despite inflationary pressures [58] Question: Production run rate and logistical bottlenecks - Management expressed confidence that logistical issues would not significantly affect pulp sales volumes in Q2, as production volumes are planned and secured [60] Question: Current supply and demand conditions in fluff markets - Management reported strong demand in the fluff market, with ongoing discussions about potential capacity expansions [62] Question: Sustainability of current pulp prices - Management believes current pulp prices are sustainable due to significant supply constraints, although they will monitor market conditions closely [64] Question: Impact of Russia-Ukraine tensions on supply - Management highlighted that sanctions on Russian wood could significantly impact European pulp production, as Russian wood accounted for a substantial portion of supply [72][73]