•  Adjusted EBITDA for the second quarter of 2024 increased 53% compared to the same period in 2023.
• Paperboard and containerboard sales increased 33% in 2Q24 compared to 2Q23.
• Total cash cost was R$2,890/t in 2Q24, down 11% from 2Q23, excluding the effects of the general maintenance shutdown.

 
São Paulo, July 30, 2024 – Brazil's largest producer and exporter of paper for packaging and sustainable solutions in paper packaging and the country’s only producer to offer solutions in hardwood pulp, softwood pulp and fluff pulp, Klabin has reported adjusted EBITDA of R$2.052 billion in the second quarter of 2024, an increase of 53% compared to the second quarter of 2023 and of 24% in relation to the first quarter of the year. The company continued to reduce its total cash cost per ton, with an 11% decrease in 2Q24 vs. 2Q23, excluding the effects of the general maintenance shutdown.

 
Net Revenue in 2Q24 totaled R$4.949 billion, with total sales volume of 995,000 tons, excluding wood. The strong performance of fluff pulp was a highlight, with the highest sales since the start of operations of the plant. The paperboard segment also made a significant contribution, with a 26% increase in sales year over year, supported by the continued ramp-up of Paper Machine 28, the second phase of the Puma II Project. Containerboard sales also increased in 2Q24 compared to 2Q23, with the 44% growth driven by the higher demand.

 
The strong performance in the period once again demonstrates Klabin's successful integrated, diversified and flexible business model, reinforcing its ability to create value for its shareholders. In the last 12 months to June 2024, the Company paid R$1.3 billion to its shareholders as dividends, which represents a dividend yield of 5.1%.

 
The second quarter of the year was marked by the start of operations of the Figueira Project, Brazil's most cutting-edge corrugated board plant, with annual production capacity of 240,000 tons. As a result, Klabin is able to reach the converting capacity of 1.2 million tons of corrugated board per year.

 
Investments

In the first six months of 2024, Klabin invested R$1.8 billion in its operations and expansion projects, a reduction of 19% compared to the first half of 2023, with R$430 million allocated to silviculture activities; R$476 million to the operational continuity of the mills; R$110 million to the acquisition of timber and operational continuity; R$505 million to special projects; R$45 million to the modernization of the Monte Alegre unit; and R$218 million to the Puma II Project.