Suzano S.A. (NYSE:SUZ) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET

Company Participants

Beto Abreu - Chief Executive Officer
Fabio Oliveira - Executive Officer of Paper and Packaging
Leonardo Grimaldi - Executive Officer of Commercial Pulp and Logistics
Marcelo Bacci - Chief Financial Officer and Investor Relations Officer
Aires Galhardo - Executive Officer of Pulp Operation

Conference Call Participants

Daniel Sasson - Itau BBA
Jonathan Brandt - HSBC
Marcio Farid - Goldman Sachs
Caio Ribeiro - Bank of America
Rafael Barcellos - Bradesco BBI
Igor Guedes - Genial

Operator

Ladies and gentlemen, thank you for holding, and welcome to Suzano’s Conference Call to discuss the results for the Second Quarter of 2024. We would like to inform that all participants will be in a listen-only mode during the presentation that will be addressed by the CEO, Mr. Beto Abreu and other executive officers.

This call will be presented in English with simultaneous translation to Portuguese. To change the audio, you can press the globe icon on the lower right side of your Zoom screen and then choose to enter the Portuguese Room. After that, you can select mute original audio.

Before proceeding, please be aware that any forward-looking statements are based on the beliefs and assumptions of Suzano’s management and known information currently available to the company. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur in the future. You should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of Suzano and could cause results to differ materially from those expressed in such forward-looking statements.

Now I will turn the conference over to Mr. Beto Abreu. Please, you may begin your conference.

Beto Abreu

Thank you. Hello, everyone, very happy to be here interacting with all of you now or now as part of the Suzano's team. And I really would like to thank you, for all of you to attending the call. So I will start here the presentation. And my first slide will be highlighting to you a couple of important achievements and movements on our -- related to our strategic avenues and implementation of our strategy.

As you can see here, we made investment in two assets. The first one was in Lenzing in Austria, a good movement to understand and to test the market in Europe, here we are talking about the textile market. And the other movement was in Pactiv in US on the packaging business, also important movement to understand the market. The team here personally like the movements that we are doing.