Suzano S.A 6-K, filed Feb 13, 2020
Suzano S.A. (SUZ)
About this 6-K
Suzano S.A filed this 6-K on February 13, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February, 2020.
Commission File Number 001-38755
Suzano S.A.
(Exact name of registrant as specified in its charter)
SUZANO INC.
(Translation of Registrant’s Name into English)
Av. Professor Magalhaes Neto, 1,752
10th Floor, Rooms 1010 and 1011
Salvador, Brazil 41 810-012
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Enclosures:
Exhibit 99.1 – Material Fact – Estimated long-term operational disbursements
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: February 13, 2020
| SUZANO S.A. | ||
| By: | /s/ Marcelo Feriozzi Bacci | |
| Name: | Marcelo Feriozzi Bacci | |
| Title: | Chief Financial Officer and Investor Relations Director |
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Exhibit 99.1
MATERIAL FACT
SUZANO PAPEL E CELULOSE S.A.
Publicly Held Company
Corporate Taxpayer ID (CNPJ/MF): 16.404.287/0001-55
Company Registry (NIRE): 29.3.0001633-1
São Paulo, February 13, 2020 – Suzano Papel e Celulose S.A. (“Company” or “Suzano”) (B3: SUZB3 | NYSE: SUZ), in compliance with CVM Instruction 358 of January 3, 2002, as amended, and CVM Instruction 480 of December 7, 2009 (“CVM Instruction 480/09”), as amended, in line with corporate governance best practices, hereby announces the estimated long-term operational disbursements in its pulp business.
| 1. | Estimates of the long-term operational disbursements in its pulp business. |
Based on the prospects of improved long-term operational performance of the Company’s pulp business resulting from, among other factors: (i) the capture of operational synergies resulting from the business combination with Fibria; (ii) ongoing initiatives for the implementation of new technologies in its forest plantations and wood supply plans; and (iii) the operational start-up of the new port terminal in Santos (Vértere) for pulp exports. Suzano expects to gradually reach total operational disbursements of about R$ 1,300 per ton by 2024. This estimate considers the following operational disbursements: cash cost of pulp production (including scheduled downtimes) of approximately R$560 per ton; logistics costs and expenses of around R$400 per ton; and maintenance capex of approximately R$340 per ton.
The above estimates, which amount to total operational disbursement of R$1,300 per ton in 2024, reflect actual amounts and do not consider any expectations or assumptions related to inflation or exchange variation in the period.
| 2. | Projected period and validity of estimates of total operational disbursements for the pulp business. |
The estimated period covers the trend of improved operational performance of the Company’s pulp business in the next five years, with the aforementioned amounts being reached in fiscal year 2024.
| 3. | Update of Reference Form |
The Company clarifies that item 11 of the Reference Form will be duly updated within the deadline established in CVM Instruction 480/09.
By disclosing the information contained in this Material Fact notice, the Company reiterates its commitment to transparency towards its shareholders, investors and the market and will keep them adequately informed of any significant change in the projected synergies and the estimated long-term operational performance announced.
The estimates shown here merely reflect the current estimates or expectations of the Company's management, are subject to risks and uncertainties, and in no way constitute a promise of performance. These estimates represent forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. The terms “anticipate”, “believe”, “expect”, “predict”, “intend”, “plan”, “project”, “aim”, “should”, and other similar terms are intended to identify these forecasts, which, involve risks or uncertainties foreseen or not by the Company. Information about business prospects, projections and financial targets merely represents forecasts based on the management's current expectations regarding the future of the Company and its subsidiaries. These expectations depend on market conditions, as well as the economic scenario in Brazil and the countries in which the Company operates and the sectors in which it operates. Any change in the perception or the factors described above may cause actual results to differ from the estimates presented here.
São Paulo, February 13, 2020.
Marcelo Feriozzi Bacci
Chief Financial and Investor Relations Officer