Indústrias Klabin

Indústrias Klabin
1st Half 2000
S.P. August16,2000 1
Business Strategy
Klabin
Market
Pulp
4
4
4
BEKP
Dissolving Pulp
Specialty Pulp
Forestry
4
4
4
4
Logs
Chips
By - Products
Solid Wood
Tissue
Packaging
4
4
4
4
4
Boards
Kraftliner
Corr. Boxes
Sacks
Envelopes
4
4
Newsprint
Family Care
Away From Home
2
Corporate Structure
Indústrias Klabin de Papel e Celulose
100%
Indústrias Klabin
50%
Klabin
Export
Klabin
Paraná
Papéis
Norske
Skog
Klabin
Klabin
Embalagens
Klabin
Ponsa
Klabin
Celucat
Klabin
Madeira
Klabin
Kimberly
50%
KCK
Tissue
40%
Klabin
Riocell
61%
Klabin
Bacell
Klabin
Argentina
3
Shareholder Structure
Common
Brazilian
Investors
20.6%
06/30/00
Monteiro
Aranha
20.0%
Klabin Irmãos
59.4%
Common Shares
Preferred Shares
Total
Shares
275,689,115
415,088,420
690,777,535
Preferred
Brazilian Investors
77,9%
Foreign
Investors
22.1%%
Repurchase Preferred Share
authorized in 08/07/00
24,102,783
4
Klabin
Planted Forest Supply all the Wood Needs
Company Lands
Planted Forests
Permanent Preserved Native Forests
Others
348,773
203,407
112,240
33,126
hectares
hectares
hectares
hectares
High Wood Productivity
(m3/ha/year)
Actual
Pinus
Eucalyptus
Paraná
Santa Catarina
Rio Gde do Sul
Position: 06/30/00
35
50
Company
Lands
Planted
Forest
229,500 ha
49,857 ha
69,416 ha
122,701 ha
30,717 ha
49,989 ha
348,773 ha
203,407 ha
5
Klabin
20 Industrial Units in Brazil and 2 in Argentina
GOIANA-PE
STO.AMARO-BA
CAMAÇARI-BA
BETIM-MG
PIRACICABA-SP
RIO DE JANEIRO-RJ
M.CRUZES-SP
JUNDIAÍ-SP
GUAPIMIRIM-RJ
TELÊMACO BORBA-PR
CRUZEIRO-SP
C.PINTO/LAGES-SC
GUAIBA-RS
S.LEOPOLDO-RS
ARGENTINA - PILAR , BERNAL
Reforestation
Paper Mill
Pulp
Tissue Products Mill
Corrugated Boxes Plant
Sacks and Envelopes Plant
6
Klabin - Consolidated
Sales 1st Half 00
Net Revenue
Volume
Pulp
25%
Newsprint/
Printing
Others
11%
1% Sacks/
Envelopes
8%
Pulp
19%
Newsprint/
Printing
Others
9%
2%
Sacks/
Envelopes
10%
Tissue
24%
Corrugated
Boxes
23%
Tissue
11%
Packaging
21%
Volume
652,977 ton - 1.2%
Corrugated
Boxes
19%
Packaging
17%
Net Revenue
R$ 941 million + 29.8%
7
Klabin - Sales
1,000 ton
1st Q
Newsprint
Printing
Packaging
Tissue
Pulp
Klabin Riocell
Klabin Bacell
Klabin Celucat
Corrugated Boxes
Sacks/Envelopes
Others
Sum
1999
2nd Q
3rd Q
4th Q
2000
1st Q
2nd Q
24
11
65
31
92
69
23
21
11
77
33
93
74
19
21
10
73
32
95
60
35
23
17
75
36
97
71
26
27
11
74
34
72
56
16
72
24
3
75
26
3
81
27
2
79
25
1
72
26
3
26
10
62
37
92
63
28
1
76
27
4
322
339
341
353
319
334
8
Klabin
Average Net Price - R$/ton
ex-tax
1st Q
1999
2nd Q
3rd Q
4th Q
2000
1st Q
2nd Q
Newsprint
Printing
Packaging
Tissue
Pulp
Klabin Riocell
Klabin Bacell
Klabin Celucat
Corrugated Boxes
Sacks/Envelopes
796
1,023
1,059
2,050
747
633
1,088
1,019
1,091
991
2,085
724
608
1,139
930
1,152
1,124
2,516
836
785
919
934
1,575
1,203
3,002
937
879
1,088
948
1,475
1,099
3,034
954
900
1,141
878
1,370
947
1,422
1,060
1,449
1,139
1,668
1,133
1,626
1,005
1,556
1,094
2,967
1,114
1,012
1,357
293
1,132
1,611
Average
1,057
1,090
1,218
1,399
1,333
1,400
9
Klabin - Consolidated Sales
1st Half 00
Volume
Net Revenue
Exports
34%
Exports
29%
Domestic
66%
Domestic
71%
1,000 ton
Total Sales
4 Domestic
4 Exports
Pulp
Paper
653
430
223
155
68
Total Sales
4 Domestic
4 Exports
Pulp
Paper
R$ Million
941
667
274
170
104
10
Klabin - Consolidated
Statement of Income
R$ Million
1st Q
1999
2nd Q
3rd Q
4th Q
2000
1st Q
2nd Q
Volume - 1000 ton
322.4
338.6
341.0
353.4
319.3
333.7
Gross Revenue
354.1
383.7
440.3
503.3
463.4
489.5
Net Revenue
314.0
336.8
387.3
443.9
407.9
433.0
(192.5)
(205.5)
(238.9)
(249.0)
(226.0)
(248.1)
Gross Profit
121.5
131.3
148.4
194.9
181.9
184.9
Selling Expenses
(34.4)
(35.2)
(37.4)
(56.6)
(40.9)
(47.5)
G & A
(23.4)
(26.4)
(28.3)
(38.7)
(31.6)
(35.5)
0.1
1.1
(0.5)
(4.4)
(3.3)
4.0
Operating Profit before Financ. Results
63.8
70.8
82.2
95.2
106.1
105.9
Financial Income
80.2
26.4
28.8
7.3
11.4
13.4
Financial Expenses
(364.8)
(80.1)
(154.2)
(0.4)
(35.8)
(90.0)
Operating Income (Loss)
(220.8)
17.1
(43.2)
102.1
81.7
29.3
Net Income (Loss)
(139.5)
3.7
(27.8)
47.1
37.7
1.9
Cost of Products Sold
Others (Expenses) Income
11
Klabin - Consolidated
Financial Highlights
R$ Million
2000
Gross Sales
Net Sales
EBIT
EBITDA
EBITDA Margin
Net Income (Loss)
Total Assets
Total Debt
Short Term
Long Term
Domestic Currency
Foreign Currency
Cash / Short Term Securities
Net Debt
Equity
Minority Interest
Total Capitalization
Net Debt / Total Capitalization
1998
1999
1st Q
2nd Q
1,264
1,106
24
181
16.4%
(34)
2,779
1,185
514
671
434
751
168
1,017
1,185
225
2,595
39.2%
1,681
1,482
312
457
30.8%
(116)
3,189
1,634
412
1,222
589
1,046
280
1,354
1,017
238
2,889
46.9%
463
408
106
144
35.3%
38
3,192
1,570
380
1,190
576
994
247
1,323
1,006
252
2,828
46.8%
490
433
106
145
33.5%
2
3,154
1,524
326
1,198
565
959
130
1,394
968
261
2,753
50.6%
12
Klabin - Consolidated
EBITDA
R$ Million
144,4
160
144,8
137,9
140
115,2
120
106,2
97,3
100
80
59,5 60,4
62,2
58,6
50,8
60
52,9
52,3
40
13,7
20
0
1st Q 2nd Q
3rd Q
97
4th Q
1st Q
2nd Q
3rd Q
98
4th Q
1st Q
2nd Q
3rd Q
99
4th Q
1st Q
2nd Q
00
13
Klabin - Consolidated - 06/30/00
Loans
R$ Million
Short Term
Foreign Domestic
Currency Currency Sum
Indústrias Klabin
Mirca
Ind. Klabin / Mirca
IKPC
Klabin Bacell
Klabin Export
Klabin Argentina
Klabin Ponsa
Total 1
Klabin Kimberly
KCK Tissue
Klabin Riocell
Norske Skog Klabin
Total
Long Term
Foreign Domestic
Currency Currency Sum
Total
24.4
12.5
36.9
0.0
44.6
22.2
43.6
0.3
74.5
0.0
74.5
0.0
0.0
0.0
0.0
0.1
98.9
12.5
111.4
0.0
44.6
22.2
43.6
0.4
432.7
(85.0)
347.7
0.0
12.6
180.0
14.7
0.2
417.9
0.0
417.9
0.5
0.9
0.0
0.0
2.6
850.6
(85.0)
765.6
0.5
13.5
180.0
14.7
2.8
949.5
(72.5)
877.0
0.5
58.1
202.2
58.3
3.2
147.6
74.6
222.2
555.2
421.9
977.1
1,199.3
0.9
8.4
72.3
11.4
5.8
0.0
5.0
0.0
6.7
8.4
77.3
11.4
0.9
16.4
126.3
20.0
14.1
0.0
43.1
0.0
15.0
16.4
169.4
20.0
21.7
24.8
246.7
31.4
240.6
85.4
326.0
718.8
479.1
1,197.9
1,523.9
14
Klabin - Consolidated 06/30/00
Domestic Currency
R$ Million
Short Term
Long Term
BNDES Debentures Others Sum
Indústrias Klabin
BNDES Debentures Others Sum
Total
71.1
3.2
0.3
74.6
308.9
108.8
0.2
417.9
492.5
IKPC
0.0
0.0
0.0
0.0
0.0
0.6
0.0
0.6
0.6
Klabin Bacell
0.0
0.0
0.0
0.0
0.0
0.0
0.9
0.9
0.9
Klabin Export
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Klabin Argentina
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Klabin Ponsa
0.1
0.0
0.0
0.1
0.2
0.0
2.4
2.6
2.7
71.2
3.2
0.3
74.7
309.1
109.4
3.5
422.0
496.7
Klabin Kimberly
4.2
0.0
1.5
5.7
9.0
0.0
5.1
14.1
19.8
KCK Tissue
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Klabin Riocell
3.4
1.2
0.4
5.0
2.1
40.6
0.3
43.0
48.0
78.8
4.4
2.2
85.4
320.2
150.0
8.9
479.1
564.5
Total 1
Total
15
Klabin - Consolidated - 06/30/00
Foreign Currency
US$ Million
Short Term
Long Term
Trade
Finance
Bonds
Indústrias Klabin
5.9
3.2
4.5
13.6
10.0
189.0
41.3
240.3
253.9
Mirca
0.0
(0.1)
7.1
7.0
0.0
(47.2)
0.0
(47.2)
(40.2)
Ind. Klabin / Mirca
5.9
3.1
11.6
20.6
10.0
141.8
41.3
193.1
213.7
Klabin Bacell
24.7
0.0
0.0
24.7
7.0
0.0
0.0
7.0
31.7
Klabin Export
12.4
0.0
0.0
12.4
100.0
0.0
0.0
100.0
112.4
Klabin Argentina
0.0
0.0
24.2
24.2
0.0
0.0
8.2
8.2
32.4
Klabin Ponsa
0.0
0.0
0.1
0.1
0.0
0.0
0.1
0.1
0.2
43.0
3.1
35.9
82.0
117.0
141.8
49.6
308.4
390.4
Klabin Kimberly
0.0
0.0
0.5
0.5
0.0
0.0
0.5
0.5
1.0
KCK Tissue
0.0
0.0
4.7
4.7
0.0
0.0
9.1
9.1
13.8
33.8
6.2
0.1
40.1
20.0
50.0
0.2
70.2
110.3
0.0
0.0
6.3
6.3
0.0
0.0
11.1
11.1
17.4
76.8
9.3
47.5
133.6
137.0
191.8
70.5
399.3
532.9
Total 1
Klabin Riocell
Norske Skog Klabin
Total
Others Sum
Trade
Finance Bond
Others Sum
Total
16
Klabin - Consolidated - 06/30/00
Maturity Schedule
R$ Million
450
400
350
300
250
426,6
200
326,6
150
89,8
81,0
50
198,9
191,7
177,3
100
32,0
on
w
ar
ds
20
05
20
06
20
04
20
03
20
02
20
01
Q
4t
h
3r
d
Q
00
00
0
17
Klabin Consolidated
Investments
R$ Million
Indústrias Klabin
- Klabin Paraná Papéis
- Klabin Embalagens
- Klabin Celucat
Klabin Kimberly
- Investments
- Aquisição Lalekla
- Aquisição Bacraft
1st Half’00
2000
Forecast
1998
1999
84.3
23.4
7.2
93.4
11.3
9.1
49.9
7.3
30.1
103.6
14.9
51.6
114.9
113.7
87.3
170.1
10.8
-
4.6
21.5
5.9
4.4
4.6
52.3
7.1
8.0
10.8
32.0
9.0
67.4
12.0
3.5
20.5
12.0
285.5
Klabin Bacell
Klabin Ponsa
Klabin Riocell
KCK Tissue
3.7
0.5
8.2
-
4.1
0.9
4.1
10.2
4.5
0.3
5.1
4.3
Total
138.1
165.1
110.5
18
Klabin - Consolidated
R$ Million
1999
1st Q
Depreciation 26.0
2000
2nd Q
3rd Q
4th Q
Total
1st Q
26.7
27.4
29.2
109.3
29.0
2nd Q
Total
30.6 59.6
Depletion
3.6
3.7
3.6
4.7
15.6
4.9
4.3
9.2
Amortization
5.3
5.4
4.3
4.5
19.5
4.3
4.1
8.4
34.9
35.8
35.3
38.4
144.4
38.2
39.0 77.2
19
Klabin
Installed Capacity
1.000 ton/year
Pulp
Klabin Paraná Papéis
630
Klabin Embalagens
Klabin Celucat
Corrugated Sacks &
Paper
Boxes Envelopes
610
275
170
Tissue
410
125
105
Klabin Argentina
20
Klabin Kimberly
172
172
KCK Argentina
18
10
Klabin Riocell
Klabin Bacell
Total
Position: 06/30/00
300
115
40
1,215
1,240
410
125
182
20
Further Informations:
Investor Relations Department
Tel.: (5511) 3225-4045
Fax.: (5511) 3225-4241
marciano@klabin.com.br
www.klabin.com.br
21
22
Klabin - Consolidated 100%
Statement of Income
R$ Million
1999
2000
1st Q
2nd Q
3rd Q
4th Q
1st Q
2nd Q
322.4
338.6
341.0
353.4
319.3
333.7
Gross Revenue
393.0
Net Revenue
346.9
Cost of Products Sold
(212.7)
Gross Profit
134.2
Selling Expenses
(41.9)
G & A
(26.1)
Others Expenses
0.2
Operating Profit before Financ. Results
66.4
Financial Income
67.3
Financial Expenses
(383.4)
Operating Income (Loss)
(249.7)
Minority Interest
(64.7)
Net Income (Loss)
(139.4)
432.2
378.2
(235.8)
142.4
(41.9)
(28.3)
1.2
73.4
22.5
(86.2)
9.7
(5.6)
3.6
476.2
414.2
(251.5)
162.7
(44.7)
(31.0)
(0.2)
86.8
29.7
(155.2)
(38.7)
(10.4)
(27.8)
560.7
491.4
(278.0)
213.4
(65.9)
(42.0)
(4.4)
101.1
8.2
(2.4)
106.9
23.3
47.1
520.1
453.5
(253.1)
200.4
(50.9)
(34.8)
(3.3)
111.4
12.2
(38.0)
85.6
16.3
37.7
555.5
487.7
(281.7)
206.0
(58.6)
(39.2)
1.7
109.9
14.3
(93.6)
30.6
9.8
1.9
Volume - 1000 ton
23
Klabin - Consolidated 100%
Financial Highlights
R$ Million
Gross Sales
Net Sales
EBIT
EBITDA
EBITDA Margin
Net Income (Loss)
Total Assets
Total Debt
Short Term
Long Term
Domestic Currency
Foreign Currency
Cash / Short Term Securities
Net Debt
Equity
Minority Interest
Total Capitalization
Net Debt / Total Capitalization
2000
1998
1999
1st Q
2nd Q
1,387
1,212
36
208
17.2%
(34)
3,051
1,284
541
743
483
801
198
1,086
1,185
382
2,851
38.1%
1,862
1,631
328
487
29.9%
(116)
3,416
1,683
427
1,256
613
1,070
299
1,384
1,017
387
3,087
44.8%
520
454
111
152
33.5%
38
3,438
1,648
405
1,243
596
1,052
274
1,374
1,006
421
3,075
44.7%
556
488
110
152
31.1%
2
3,418
1,602
353
1,249
585
1,017
159
1,443
968
441
3,011
47.9%
24
Klabin - Consolidated 100%
EBITDA
R$ Million
142,5
160
152,4 151,7
124,4
140
106,0
120
114,0
100
80
65,0
57,1
56,9
60
29,6
40
20
0
1st Q 2nd Q 3rd Q 4th Q
98
98
98
98
1st Q 2ns Q 3rd Q 4th Q
99
99
99
99
1st Q 2nd Q
00
00
25
Klabin - Consolidated 100% - 06/30/00
Loans
R$ Million
Short Term
Long Term
Foreign Domestic
Foreign Domestic
Currency Currency Sum Currency Currency Sum
Indústrias Klabin
Mirca
24.4
12.5
74.6
0.0
99.0
12.5
Ind. Klabin / Mirca
36.9
74.6
IKPC
Klabin Bacell
Klabin Export
Klabin Argentina
Klabin Ponsa
0.0
44.5
22.2
43.7
0.3
Total 1
Klabin Kimberly
KCK Tissue
Klabin Riocell
Norske Skog Klabin
Total
Total
432.7
(85.0)
417.9
0.0
850.6
(85.0)
949.6
(72.5)
111.5
347.7
417.9
765.6
877.1
0.0
0.0
0.0
0.0
0.1
0.0
44.5
22.2
43.7
0.4
0.0
12.6
180.0
14.7
0.2
0.5
0.9
0.0
0.0
2.6
0.5
13.5
180.0
14.7
2.8
0.5
58.0
202.2
58.4
3.2
147.6
74.7
222.3
555.2
421.9
977.1
1,199.4
1.8
16.7
72.3
22.8
11.5
0.0
5.0
0.0
13.3
16.7
77.3
22.8
1.8
32.7
126.4
39.9
28.2
0.0
43.1
0.0
30.0
32.7
169.5
39.9
43.3
49.4
246.8
62.7
261.2
91.2
352.4
756.0
493.2
1,249.2
1,601.6
26
Klabin - Consolidated 100% - 06/30/00
Domestic Currency
R$ Million
Short Term
Long Term
BNDES Debentures Others Sum
BNDES Debentures Others Sum
Total
Indústrias Klabin
IKPC
Klabin Bacell
Klabin Export
71.0
0.0
0.0
0.0
3.2
0.0
0.0
0.0
0.3
0.0
0.0
0.0
74.5
0.0
0.0
0.0
308.9
0.0
0.0
0.0
108.8
0.5
0.0
0.0
0.2
0.0
0.9
0.0
417.9
0.5
0.9
0.0
492.4
0.5
0.9
0.0
Klabin Argentina
0.0
0.1
0.0
0.0
0.0
0.1
0.0
0.2
0.0
0.2
0.0
0.0
0.0
2.4
0.0
2.6
0.0
2.8
71.1
3.2
0.4
74.7
309.1
109.3
3.5
421.9
496.6
8.6
0.0
3.4
0.0
0.0
1.2
2.9
0.0
0.4
11.5
0.0
5.0
18.0
0.0
2.2
0.0
0.0
40.7
10.2
0.0
0.2
28.2
0.0
43.1
39.7
0.0
48.1
83.1
4.4
3.7
91.2
329.3
150.0
13.9
493.2
584.4
Klabin Ponsa
Total 1
Klabin Kimberly
KCK Tissue
Klabin Riocell
Total
27
Klabin - Consolidated 100% - 06/30/00
Foreign Currency
US$ Million
Short Term
Trade
Finance
Bonds
Long Term
Others Sum
Trade
Finance
Indústrias Klabin
Mirca
Ind. Klabin / Mirca
5.9
0.0
5.9
3.2
(0.1)
3.1
4.5
7.1
11.6
13.6
7.0
20.6
10.0
0.0
10.0
Klabin Bacell
Klabin Export
Klabin Argentina
Klabin Ponsa
24.7
12.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
24.2
0.1
24.7
12.4
24.2
0.1
7.0
100.0
0.0
0.0
Total 1
43.0
3.1
35.9
82.0
Klabin Kimberly
0.0
KCK Tissue
0.0
Klabin Riocell
33.8
Norske Skog Klabin 0.0
0.0
0.0
6.2
0.0
1.0
9.3
0.1
12.7
Total
9.3
59.0
76.8
Bonds
189.0
(47.2)
141.8
Others Sum
Total
41.3
0.0
41.3
240.3
(47.2)
193.1
253.9
(40.2)
213.7
0,0
0.0
0.0
0.0
0.0
0.0
8.2
0.1
7.0
100.0
8.2
0.1
31.7
112.4
32.4
0.2
117.0
141.8
49.6
308.4
390.4
1.0
9.3
40.1
12.7
0.0
0.0
20.0
0.0
0.0
0.0
50.0
0.0
1.0
18.2
0.2
22.2
1.0
18.2
70.2
22.2
2.0
27.5
110.3
34.9
145.1
137.0
191.8
91.2
420.0
565.1
28
Klabin - Consolidated 100% - 06/30/00
Maturity Schedule
R$ Million
450
400
350
300
250
445,7
200
351,5
150
98,9
85,6
50
201,1
195,2
188,6
100
35,0
on
w
ar
ds
20
05
20
06
20
04
20
03
20
02
20
01
Q
h
4t
3r
d
Q
00
00
0
29
Klabin - Consolidated 100%
R$ Million
1999
2000
1st Q
2nd Q
3rd Q
4th Q
30.0
30.7
29.7
31.8
122.2
Depletion
3.6
3.7
3.6
4.7
Amortization
6.0
6.2
4.5
39.6
40.6
37.8
Depreciation
Total
1st Q
2nd Q
Total
31.6
33.2
64.7
15.6
4.9
4.3
9.2
4.7
21.4
4.6
4.4
8.9
41.2
159.2
41.1
41.9
82.9
30