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    4Q08 and 2008 Results March

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    Klabin_RI
    Klabin's sales volumes declined 10% in 4Q08 and 8% in 2008 compared to the previous year. Net revenue decreased 10% in 4Q08 and 20% in 2008 due to lower sales volumes and prices. Cost of goods sold per tonne was stable in 4Q08 compared to 4Q07. EBITDA declined from R$242 million in 3Q08 to R$200 million in 4Q08 when adjusted to exclude the impact of a new accounting standard. The company reported a net financial loss of R$619 million in 4Q08 and R$905 million in 2008 due to currency depreciation. Klabin invested R$1.7 billion in 2008, with 52% allocated

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    4Q08 and 2008 Results March

    Uploaded by

    Klabin_RI
    10 views10 pages
    Klabin's sales volumes declined 10% in 4Q08 and 8% in 2008 compared to the previous year. Net revenue decreased 10% in 4Q08 and 20% in 2008 due to lower sales volumes and prices. Cost of goods sold per tonne was stable in 4Q08 compared to 4Q07. EBITDA declined from R$242 million in 3Q08 to R$200 million in 4Q08 when adjusted to exclude the impact of a new accounting standard. The company reported a net financial loss of R$619 million in 4Q08 and R$905 million in 2008 due to currency depreciation. Klabin invested R$1.7 billion in 2008, with 52% allocated

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    KlabinWebcast20084Q08

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    Klabin's sales volumes declined 10% in 4Q08 and 8% in 2008 compared to the previous year. Net revenue decreased 10% in 4Q08 and 20% in 2008 due to lower sales volumes and prices. Cost of goods sold per tonne was stable in 4Q08 compared to 4Q07. EBITDA declined from R$242 million in 3Q08 to R$200 million in 4Q08 when adjusted to exclude the impact of a new accounting standard. The company reported a net financial loss of R$619 million in 4Q08 and R$905 million in 2008 due to currency depreciation. Klabin invested R$1.7 billion in 2008, with 52% allocated

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10 views10 pages

    4Q08 and 2008 Results March

    Uploaded by

    Klabin_RI
    Klabin's sales volumes declined 10% in 4Q08 and 8% in 2008 compared to the previous year. Net revenue decreased 10% in 4Q08 and 20% in 2008 due to lower sales volumes and prices. Cost of goods sold per tonne was stable in 4Q08 compared to 4Q07. EBITDA declined from R$242 million in 3Q08 to R$200 million in 4Q08 when adjusted to exclude the impact of a new accounting standard. The company reported a net financial loss of R$619 million in 4Q08 and R$905 million in 2008 due to currency depreciation. Klabin invested R$1.7 billion in 2008, with 52% allocated

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    4Q08 and 2008 Results March 13th, 2009

    Sales Volume Slide 2 Thousand tonnes


    10%
    1,579 1,437 39%

    15%
    393 341 37% 43%

    38%

    62% 63% 57%

    61%

    4Q07

    4Q08

    2007

    2008

    Domestic Market

    Foreign Market
    2

    Net Revenue Slide 3 R$ Million


    10%
    3,097 2,796 28%

    20%
    806 669 23% 35%

    26%

    74% 77% 65%

    72%

    4Q07

    4Q08

    2007

    2008

    Domestic Market

    Foreign Market
    3

    COGS Slide 4 R$ / tonnes *

    -6%
    1,509 1,461

    -3%

    1,420

    1,420

    3Q08

    4Q08

    4Q07

    4Q08

    Unit COGS (R$ / tonnes)


    * Excluding wood volume

    EBITDA Slide 5 R$ Million


    EBITDA and EBITDA margin
    30% 28% 28% 30% 26% 191 20% 155 242 18% 141 108

    210

    199

    201 16%

    1Q07

    2Q07

    3Q07 EBITDA

    4Q07

    1Q08

    2Q08

    3Q08

    4Q08

    EBITDA Margin (%)

    EBITDA conciliation with Law 6,404/76


    R$ Million EBITDA Law 11,638/07 Law 11,638/07 Adjustments EBITDA Law 6,404/76 4Q08 242 (42) 200 3Q08 155 (0) 155 4Q07 108 30 138 2008 729 9 738 2007 718 23 741

    Financial Result - Slide 6 R$ Million

    R$ Million Financial Revenues and Expenses Net Exchange Variations Financial Result Exchange Rate (R$/US$ sell, EOP) Variation (previous period)

    4Q08 (142) (447) (619) 2.34 22%

    3Q08 (66) (385) (451) 1.91 20%

    4Q07 (33) 73 40 1.77 -4%

    2008 (231) (674) (905) 2.34 32%

    2007 50 301 351 1.77 -17%

    The financial losses generated by local currency devaluation have no cash effect.

    Indebtedness Slide 7 R$ Million


    The current cash position covers more than 30 months of debt maturities
    1,931

    228
    725
    1,206

    727
    479

    1,703

    479

    Loans
    2009 2010

    Cash
    2011

    Investment Slide 8 R$ Million


    Investments and allocation in 2008
    1,674 1.674
    Corrugated Boxes, Industrial Bags and Others 9%

    Forestry 52%

    587 400 250


    Paper 39%

    2007

    2008

    2009*

    * Forecast

    Closing Remarks Slide 9

    Operations at the Ponte Nova Unit (MG), which produces recycled paper, were temporarily suspended, with 118 employees laid off; Forest planting in 2009 will be reviewed; Celebration of our 110th anniversary in April 2009; maintaining a unique competitive position; Priorities placed on current investments; Implementation of reductions in fixed and variable costs.

    Investor Relations: Tel: +55 (11) 3046-8404 / 8415 / 8416 www.klabin.com.br invest@klabin.com.br

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