fibria’s - infoinvest · main achievements • liquidity events in 2012: r$ 2.2bn (equity...
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Fibria’s Team
Executive Officers
Marcelo Castelli, CEO
Guilherme Cavalcanti, CFO
Henri Philippe, Comercial & International Logistics
Aires Galhardo, Forestry Operations
Portocel
Patricia Lascosque, Superintendent Director
Mauricio Talarico, Manager
Technology Center
Fernando Bertolucci, General Manager
Robert Sartório, Manager
Strategy and M&A
Vinicius Nonino, Strategy and M&A General Manager
Industrial Operations
João Florêncio, General Manager – Technical Assistant
Paulo Silveira, Aracruz Unit General Manager
Marcelo de Oliveira, Pulp Production Manager
Forestry Operations
Zoe Donati, General Manager
Rodrigo Zagonel, Harvesting Manager
Sebastião Andrade, Siviculture and Nursery Manager
Fernando Geraldi, Forestry Management and Performance
Corporate Communication
Mara Pinheiro | Tiago Nogueira Noronha
Pedro Torres Pinto
Investor Relations
André Gonçalves | Fernanda Naveiro | Roberto Costa Isabela Cerbasi | Robélia Silva
FINANCE GUILHERME CAVALCANTI - CFO
Main Achievements
• Liquidity Events in 2012: R$ 2.2bn (Equity Offering + BPM + Losango)
• Cash cost reduction and capex control
• Working Capital Improvements
• EBITDA margin improvement and Free Cash Flow Generation
• 2020 Notes Tender Offer of US$ 514mn – annual saving of R$80mn
• Covenants renegotiation to 4.5x in US$ and without waiver fee
• Hedging Strategy
• Rating outlook revised by S&P from “BB Stable” to “BB Positive” (Jul/12)
• 1st Fibria Investor Tour – Aracruz Unit (Oct/12)
• 2nd Fibria Day – NYSE – New York (Nov/12)
FORESTRY AIRES GALHARDO - FORESTRY DIRECTOR
Fibria has operations reaching many cities and countless communities
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Four operational sites with different locations, but similar challenges
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Forestry planning is a long-term process in which the environment has a significant impact on the biological asset
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In the short term, tactical solutions are designed using the best production planning and control tools
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In the short term, tactical solutions are designed using the best production planning and control tools
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In the short term, tactical solutions are designed using the best production planning and control tools
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In the short term, tactical solutions are designed using the best production planning and control tools
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The CAPEX for a planted forest has not a linear format but peaks in the first year
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OPEX
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CAPEX and OPEX are influenced mainly by labor and service costs
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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)
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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)
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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)
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State-of-the-art technologies are studied under a major project, called Forest of the Future (implementation 2010 - 2015)
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Curve of capture: expected savings due to projects included in ‘Forest of the Future’
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Forest development at Fibria
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Land use model: The mosaic system
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Selection for: Adaptability and disease tolerance
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Added value
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Forest Genetics Classical Breeding
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Biotechnology: Genetic Transformation of Elite Clones
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Forest Management: Plant Nutrition
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A new added value projected
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JOÃO FLORÊNCIO DA COSTA - GENERAL MANAGER INDUSTRIAL - TECHNICAL ASSISTANT
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Flexibility with Multiple Facilities
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Clean and Low CO2 Emission Energy Matrix
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Increasing Production by Efficiency Improvement
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Cost Reduction by Efficiency Improvement
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Impact of Efficiency on Production and Cost
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Process and Product Development
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Product Development: Holistic Approach
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Cash Cost Structure
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CAPEX Structure
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Investment Decision Matrix
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Efficiency Project - Aracruz Revit “A“
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Efficiency Project - Jacarei Energy Master Plan
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Strategy for Gaining Scale
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PATRICIA DUTRA LASCOSQUE SUPERINTENDENT DIRECTOR
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Location
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Location
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History
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Historical Annual Average
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2011 Performance
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Woodpulp Destination 2011
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STX
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STX
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Loading of Woodpulp
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Woodpulp barge operation
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Unloading operation of woodpulp
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Unloading operation of woodpulp
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Logs discharge
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Logs discharge
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Salt discharge
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New Industrial and Port Projects
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Current Scenario
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Current Scenario
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Portocel I Expansion (berth 104)
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Investments
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Expansion Project: Portocel II
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Expansion Project: Portocel II
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Expansion Project: Portocel II
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