HIGHLIGHTS • Pulp inventory drawdown of approximately 450 thousand tons. • Pulp sales of 2,549 thousand tons, up 15% vs. 2Q19. • Paper sales of 313 thousand tons, up 4% vs. 2Q19. • Adjusted EBITDA¹ and Operating Cash Generation² of R$2.4 billion and R$1.5 billion, respectively. • Adjusted EBITDA¹/ton4 of pulp of R$857/ton (-34% vs. 2Q19). • Adjusted EBITDA/ton5 of paper of R$1,229/ton (+3% vs. 2Q19).
Effective with shipments on or after May 20, 2018, Flambeau River Papers will increase the transaction prices for the following grades of paper: • FRP Converting and Envelope Papers • FRP Specialty Papers • FRP Glacier and Torchglow Opaque and Pastel Papers • FRP Reply Card Papers • FRP Index, Vellum Bristol and Tag Papers • FRP Tradebook and Endleaf Papers • FRP InkJet Papers • FRP MOCR and Ledger Papers • FRP 100 Papers
All current standard upcharges and differentials will remain in effect.