In June, Klabin started operating MP28, the second paper machine of the Puma II Project, with annual production capacity of 460,000 tons of paper.

Adjusted EBITDA per ton in the paper and packaging business grew 15% in the first six months of 2023 compared to the same period last year, attesting to the structural resilience of these segments.

ROIC (Return On Invested Capital) came to 17.4% in the last 12 months, demonstrating the company’s capacity to generate value in diverse scenarios.

In the quarter, the company was recognized by ISS-ESG Corporate Rating in the Prime category, retaining its leadership position in sustainability.


São Paulo, August 1, 2023 – Klabin, Brazil’s largest producer and exporter of paper for packaging and sustainable solutions for paper packaging, registered Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of R$1.344 billion in the second quarter of 2023, a decrease of 27% from the same period last year, excluding non-recurring effects.
 
In the second quarter of 2023, the company’s net revenue came to R$4.293 billion. It is worth highlighting the corrugated board segment, whose revenue grew 5% year on  year in the second quarter of 2023. The positive result underlines the benefits obtained from Klabin’s integrated business model.
 
ROIC came to 17.4% in the last 12 months, demonstrating the Company’s capacity to generate value for shareholders even during challenging economic scenarios.
 

Investments
In the second quarter of 2023, Klabin invested R$1.029 billion in its operations and expansion projects. In all, R$232 million were allocated to forest operations, R$154 million to working capital requirements of mills, and R$210 million to special and expansion projects, especially the Horizonte Project in Ceará and the Figueira Project in the city of Piracicaba, São Paulo. Investments in the Puma II Project totaled R$433 million in the period.
 
Puma II      
The quarter was marked by the operational startup of Puma II Project’s second phase, when the paperboard machine (MP28) went operational. With production capacity of 460,000 tons/year, the machine was designed to produce even more resistant and higher quality paperboards, especially for the food and beverage segments, such as aseptic packaging, canned and bottled beer and processed foods (cereals, chocolate and pizza, among others), as well as the growing food service sector (cups and trays). The new machine also has the flexibility to produce White Top Liner, Kraftliner and white paperboard, consolidating Klabin’s position as one of the world’s largest paperboard producers. With total investments of R$12.9 billion, the Puma II Project is the largest investment in Klabin’s history and involved the construction of two paper machines (MP27 and MP28) at the Ortigueira Unit in Paraná.
 
Recognitions
In the quarter, Klabin consolidated its leadership position in sustainability, being included in the Prime category of ISS-ESG Corporate Rating. This recognition complements other important ESG (Environmental, Social and Governance) assessments in which Klabin already holds a prominent position, such as the CDP (Triple ‘A’ List) and the S&P Corporate Sustainability Assessment, which is the basis for the Dow Jones Sustainability Index (Global and Emerging Markets portfolios).
 

Financial highlights 
 

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