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Algumas afirmações nesta apresentação e durante a sessão de perguntas e respostas no conference call podem ser projeções ou afirmações sobre
expectativas futuras. Tais afirmações estão sujeitas a riscos conhecidos e desconhecidos e incertezas que podem fazer com que tais expectativas não se
concretizem ou sejam substancialmente diferentes do que era esperado.
4Q07 Consolidated ResultsJanuary 24th, 2008
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1) Record-breaking Ebitda: cash generation reaches R$ 1.15 bn (US$ 593 mn), Ebitda margin 33.6%;
2) Net income R$ 539mn, 21.6% over 2006 figures;
3) Increase of US$ 100/ton in the pulp price list CIF Europe;
4) Increase of US$ 95/ton in average paper prices in export markets;
5) Increase of 39.6% in share price at Bovespa – the highest in the pulp and paper sector for the second consecutive year;
6) Early startup of Line 2 at Mucuri Unit – 35 days ahead of planned schedule; 135 tsd tons produced in 2007.
7) Project P630 completion at Americana Unit, increase of 40 tsd tons of pulp.
8) Follow on equity offer. Free float increases 46.6%.
9) New tax incentives for the Mucuri Unit.
10) Brazilian Antitrust Authorities (CADE) approved Conpacel’s model.
11) Acquisition of all of Embu Unit for US$ 20 million.
12) Completion of the Amador Aguiar hydro-electric power plant (former Capim Branco).
13) Opening of Suzano Pulp and Paper Asia office in Shangai, China.
Highlights 2007
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1) Pulp prices increased to US$ 780 / ton (CIF Europe) in October and December;
2) Export prices of paper increased by US$20 / ton;
3) Producers’ pulp inventories reach 29 days of supply in the end of December;
4) Sale of our stake in Limeira and Cubatão for US$ 32.5mn concluded;
5) Suzano’s Market Value reaches US$ 5.1 billion;
6) Stock was again included in Bovespa’s Corporate Sustainability Index (ISE);
7) Implementation of the new organizational structure;
8) Net Debt/EBITDA ratio at 3.74 (same level of the past year);
9) Production record of 601tsd tons of pulp and paper.
Highlights 4Q07
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� Net price for pulp exports in 4Q07 was US$ 654/t, compared with US$ 613/t in 3Q07, and US$ 594/t in 4Q06;
� Strong demand, restrictions related to wood supply and low inventories;
� Record-breaking production: 320 tsd tons of market pulp in 4Q07;
� Record-breaking volume: 294 tsd tons in 4Q07;
� Cash cost of R$ 489 / ton in the quarter, 8.6% lower than 3Q07 and 2.0% lower than 4Q06.
Pulp Business Unit
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161
638
799
134
481
615
2007 2006
33
123
156
56
238
294
38
107
145
3Q07 4Q07 4Q06
Pulp Sales volume (thousand tons)
Domestic market Export market
Pulp Exports - 2007
(sales volume)
Europe
60%
Asia
29%
Latin America
2%North America
9%
Pulp exports 4Q07
(sales volume)
Europe
57%
Asia
36%
North
America
5%
Latin
America
2%
Pulp Business Unit
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� Higher average prices in the export market, US$ 95 / ton (11.3%) in 2007;
� Higher average prices in the domestic market, R$ 47 / ton (2.0%) in 2007;
� Record-breaking production: 1.15 million tons including Limeira and Cubatão;
� Net revenue of R$ 2,46 billions, 5.2% higher than 2006;
� Volume of 1.13 million tons, 5.1% higher than 2006.
Paper Business Unit
7
668
457
1.125
679
392
1.071
2007 2006
180
107
288
171
118
290
180
92
272
3Q07 4Q07 4Q06
Paper sales volume (thousand tons)
Domestic market Export market
Pulp exports 4Q07
(sales volume)
Europe
57%
Asia
36%
North
America
5%
Latin
America
2%
Paper Exports - 2007
(sales volume)
Latin America
41%
Europe
24%
Other markets
18%
North America
17%
Paper Business Unit
8
obs
Results 4Q07
3Q07 4Q07 4Q06
%
4Q07/3Q07
%
4Q07/4Q06
Sales volume (000 tons) 444 583 418 31.4% 39.7%
Paper volume domestic market (000 tons) 180 171 180 -5.1% -4.9%
Pulp volume export market (000 tons) 123 238 107 93.1% 121.6%
Net revenue - R$ million 816 963 799 18.1% 20.5%
Net income - R$ million 168 93 90 -44.9% 2.9%
Cash-cost (R$/tons) 535 489 499 -8.6% -2.0%
EBITDA - R$ million 267 326 261 22.2% 24.8%
EBITDA - US$ million 139 183 121 31.3% 50.8%
EBITDA margin 32.7% 33.8% 32.7% 3.4% 3.4%
Exchange Rate 1.92 1.78 2.15 -7.0% -17.1%
Net debt / EBITDA (LTM) 3.9 3.74 3.77 -4.1% -0.8%
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obs
Results 2007
2007 2006
%
2007/2006
1,925 1,686 14.2%
668 679 -1.5%
638 481 32.8%
3,410 3,099 10.0%
539 444 21.6%
1,146 1,040 10.3%
593 478 24.1%
33.6% 33.5% 0.3%
1.95 2.18 -10.4%
3.74 3.77 -0.8%Net debt / EBITDA (LTM)
Pulp volume export market (000 tons)
Net revenue - R$ million
Net income - R$ million
Exchange Rate
EBITDA - R$ million
EBITDA - US$ million
EBITDA margin
Sales volume (000 tons)
Paper volume domestic market (000 tons)
IR Team+55 11 3503 9061ri@suzano.com.br
PressLetícia VolponiGWA Comunicação Integradaleticia@gwacom.com+55 11 3816 3922
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