SUZ FY 2009 Earnings Report — Suzano S.A. Revenue & Financial Results | Market Cap Arena

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$788M	—	$810M	—	-2.7%
Op. Income	$123M	—	-$127M	—	197.2%
Gross Margin	23.0%	—	34.9%	—	-11.8pp
Net Margin	22.2%	—	-11.1%	—	33.3pp
EPS (Diluted)	$0.51	—	$-0.21	—	342.9%
Free Cash Flow	$105M	—	-$52M	—	302.2%

Revenue Flow

Item	Amount
REVENUE	$788M
Cost of Revenue	$607M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$32M
General & Administrative	$41M
SG&A Expenses	$73M
Other Expenses	$125M
Operating Expenses	$197M
Cost & Expenses	$804M
OPERATING INCOME	$123M
Interest Income	$139M
Interest Expense	$0
Other Income/Expenses	$143M
INCOME BEFORE TAX	$246M
Income Tax Expense	$71M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$189M
D&A	$97M
EBIT	$128M
EBITDA	$232M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$788M
Cost of Revenue	$607M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$32M
General & Administrative	$41M
SG&A Expenses	$73M
Other Expenses	$125M
Operating Expenses	$197M
Cost & Expenses	$804M
OPERATING INCOME	$123M
Interest Income	$139M
Interest Expense	$0
Other Income/Expenses	$143M
INCOME BEFORE TAX	$246M
Income Tax Expense	$71M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$189M
D&A	$97M
EBIT	$128M
EBITDA	$232M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$175M
Depreciation & Amortization	$97M
Stock-Based Compensation	$2M
Deferred Income Tax	-$235M
Other Non-Cash Items	$86M
Change in Working Capital	$112M
OPERATING CASH FLOW	$236M
Capital Expenditure	-$131M
Acquisitions (Net)	$0
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$119M
Net Debt Issuance	-$22M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	$105M
Net Change in Cash	$71M

Balance Sheet

Item	Amount
Cash & Equivalents	$505M
Short-Term Investments	$0
Net Receivables	$200M
Inventory	$121M
Other Current Assets	$215M
TOTAL CURRENT ASSETS	$827M
PP&E (Net)	$1.4B
Goodwill	$0
Intangible Assets	$200M
Long-Term Investments	$118M
Tax Assets	$100M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.5B
Account Payables	$63M
Short-Term Debt	$292M
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$427M
Long-Term Debt	$1.0B
Deferred Revenue NC	$125M
Deferred Tax Liabilities	$67M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.7B
Common Stock	$410M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$740M
Other Equity	$1.2B
TOTAL STOCKHOLDERS' EQUITY	$874M
Minority Interest	$0
TOTAL EQUITY	$874M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$1.3B
Net Debt	$836M