Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 122

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 122
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 R$3,877.4 million) in export prepayments, US$ 350 million (equivalent to R$ 2,118.5 million) from the International Finance Corporation (IFC) and CNY 1.200,0 million (equivalent to US$ 166.0 million and R$ 960.9 million) from the panda bonds. During the year ended December 31, 2024, our principal uses of financing was repayment of R$9,410.8 million of loans, financing and debentures, (ii) payment of R$1,624.7 million in interest on own capital and dividends, (iii) R$2,806.8 million of shares repurchased, (iv) payment of R$1,325.4 million in lease contracts and (v) negative settlement of R$550.6 million in derivative financial instruments.

Capital Expenditures

Our capital expenditures (capital expenditures incurred - cash basis) totaled R$17,119.8 million in 2024, in comparison to R$18,576.6 million in 2023. In 2024, the amount of R$7,610.0 million was allocated to industrial and forestry maintenance. Investments in projects related Expansion and Modernization, Land and Forestry and others amounted to R$5,017.0 million. Investments related to Cerrado Project amounted to R$4,492.8 million.

The approved budget of our capital expenditures for 2025, amounting to R$12,380.8 million, encompasses remaining investments in projects previously disclosed to the market, such as investment in potential new investments in lands and forests that may increase our future competitiveness and maintain options for the future growth of our business. The decrease compared to 2024 is mainly due to Cerrado project's investment schedule, which is not necessarily aligned with the start-up of the mill.

Indebtedness

As of December 31, 2024, our total consolidated outstanding indebtedness (which includes current and non-current loans, financing and debentures) was R$101,435.5 million, of which R$10,501.4 million represented current indebtedness (R$10,380.4 million refers to loans and financing and R$120.9 million refers to debentures) and R$90,934.1 million represented non-current indebtedness (R$81,195.5 million refers to loans and financing and R$