Klabin SA To Host Klabin Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rafael Barcellos - BTG Pactual - Analyst : Rafael Barcelo, Bradesco BB. I thank you to the top management of Klabin and for the IR team for this opportunity to visit Figueira. This has been a very much debated project and it has proven to be very important to the company's strategy, maybe even needed if that's if I could say that. So congratulations on this decision of moving on with this project. Having said that the one question, one thing that we debate among investors is that either to have acquisitions or Greenfields, Klabin decided to go with Greenfield, of course, it's not easy to find interest assets such as IPs, it's different to replicate those. But the packaging market, the corrugated box market, it has a huge competition and we realized that there is no use of having an acquisition at every 10 years. The market is fragmented, it's difficult. So Christiano, I would like to understand your understanding, what is your diagnosis about the corrugated box market and the last 10 years. So we know that the demand is strong, but we would like to understand what is the way to go, what is the path here, concentration future projects, and if the way to go is consolidation, when we will see being more aggressive in the market, in terms of M&A for corrugated boxes. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 10, 2024 / 2:00PM, KLBN4.SA - Klabin SA To Host Klabin Day