HIGHLIGHTS
• Pulp sales of 2,759 thousand tons (+1% vs. 4Q21).
• Paper sales³ of 338 thousand tons (-9% vs. 4Q21).
• Average net pulp price in export market: US$831/ton (+32% vs. 4Q21).
• Average net paper price3 of R$7,079/ton (+39% vs. 4Q21).
• Pulp cash cost ex-downtime of R$937/ton (+25% vs. 4Q21).
• Leverage ratio declines to 2.0 times in USD and 2.0 times in BRL, despite the investment cycle.
• Cerrado Project completes 45% of physical progress and 41% of financial progress.
details at: https://s201.q4cdn.com/761980458/files/doc_news/2023/02/4Q22/Release-de-Resultados_4T22_ENG_vfinal_CVM.pdf
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