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EARNINGS PRESENTATION 4Q24
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FORWARD -LOOKING STATEMENTS This presentation contains forward-looking statements that should be considered as good faith estimates. Such statements are subject to risks and uncertainties outside of CMPC's control that could cause CMPC’s actual results to differ materially from those set forth in the forward-looking statements. These risks include in particular those described in CMPC’s Financial Statements, Note 3 (“Risk Management”). Forward-looking statements speak only as of the date they are delivered. CMPC undertakes no obligation to publicly update or revise them based on developments which differ from those anticipated. . INVESTOR RELATIONS CONTACT Daniela Figueroa daniela.figueroa@cmpc.cl Claudia Cavada claudia.cavada@cmpc.cl
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HIGHLIGHTS 4Q24 US$ 1,919 M -3% QoQ | -2% YoY SALES US$332 M (17.3%) -23% QoQ | 45% YoY US$10 M -93% QoQ | -70% YoY EBITDA (mg%) NET INCOME PULP E B I T D A ( m g % ) US$230 M (27.6%) -27% QoQ | +215% YoY BIOPACKAGING E B I T D A ( m g % ) US$19 M (6.6%) -27% QoQ | 0% YoY SOFTYS E B I T D A ( m g % ) US$104 M(13.1%) -5% QoQ | -32%YoY SOFTYS S a l e s V o l u m e s Personal Care 2% QoQ, 0% YoY 2,940 M units Tissue Paper 0% QoQ, -4% YoY 207 th. Tons PULP S a l e s V o l u m e s 10% QoQ | 30% YoY 1,058 th. Tons
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4Q24 RESULTS 3% QoQ | 0%YoY OPERATING COSTS 2% QoQ | -10% YoY OTHER OPERATING EXPENSESSALES -3% QoQ | -2% YoY 686 857 833 995 848 797 277 277 288 1,959 1,984 1,919 4Q23 3Q24 4Q24 Biopackaging Softys Pulp 330 320 330 17% 16% 17% -40% -30% -20% -10% 0% 10% 20% 0 50 100 150 200 250 300 350 400 4Q23 3Q24 4Q24 Other Operational Expenses % of Sales Figures in USD million. Total Sales do not sum business breakdown because of Others income for US$1 millon in 4Q24, US$2 million in 3Q24 and US$1 million in 4Q23. 1,400 1,231 1,257 71% 62% 65% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400 1,450 4Q23 3Q24 4Q24 Operating Cost % of Sales
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4Q24 RESULTS EBITDA -23% QoQ | 45% YoY NET INCOME -93% QoQ | -70% YoY 8% 6% 5% 62% 25% 30% 30% 69% 65% 229 433 332 0% 20% 40% 60% 80% 100% 120% 4Q23 3Q24 4Q24 Pulp Softys Biopackaging Figures in USD million and % of contribution of businesses to EBITDA. 35 147 100 70 4Q23 3Q24 4Q24
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PULP BUSINESS 1 CMPC Average Net Pulp Price Export Price. 813 959 1,058 903 917 861 4Q23 3Q24 4Q24 Market pulp (th. tons) Forest products (th. m3) 6 174 211 192 702 839 883 875 1,050 1,075 -500 0 500 1000 0 200 400 600 800 1000 4Q23 3Q24 4Q24 BEKP BSKP 285 242 227 393 356 358 4Q23 3Q24 4Q24 BEKP BSKP 154 166 166 532 691 667 686 857 833 0 200 400 600 800 1000 4Q23 3Q24 4Q24 Pulp Forestry -3% QoQ | 21% YoY 710 764 749 570 689 577 4Q23 3Q24 4Q24 BSKP BEKP PULP PRODUCTION th. tons THIRD PARTY SALES VOLUMES AVERAGE PULP PRICES1 USD/ton CIF SALES USD million PULP CASH COSTS USD/ton 73 317 23010.6% 37.0% 27.6% 0,00% 10,00% 20,00% 30,00% 40,00% 0 70 140 210 280 350 4Q23 3Q24 4Q24 -27% QoQ | 215% YoY EBITDA & EBITDA MARGIN USD million
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SOFTYS 153 109 104 15.4% 12.8% 13.1% -20,0%0 40 80 120 160 4Q23 3Q24 4Q24 -6% QoQ | -20% YoY -5% QoQ | -32% YoY 576 480 452 418 369 344 995 849 796 0 200 400 600 800 1000 1200 4Q23 3Q24 4Q24 Tissue Paper Personal Care SALES USD million EBITDA & EBITDA MARGIN USD million 2,926 2,878 2,940 216 208 207 150 200 250 300 350 400 450 500 1,100 1,600 2,100 2,600 3,100 3,600 4Q23 3Q24 4Q24 Prod. Personal Care (MM units) Papel Tissue (th. tons) SALES VOLUMES
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227 225 235 150 170 190 210 230 250 270 4Q23 3Q24 4Q24 -27% QoQ | 0% YoYPaper & Packaging (th. tons) EBITDA USD million 19 26 19 6.9% 9.4% 6.6% -20,00%0 10 20 30 40 50 60 70 80 3Q23 3Q24 4Q24 4% QoQ | 4% YoY 277 277 288 0 50 100 150 200 250 300 350 4Q23 3Q24 4Q24 SALES USD million BIOPACKAGING SALES VOLUMES
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CASH GENERATION CAPEX FREE CASH FLOW -144 61 -109 4Q23 3Q24 4Q24 -10 34 1 95 67 159 135 92 101 220 194 261 4Q23 3Q24 4Q24 Inorganic Growth Maintenance Organic Growth Figures in USD million
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FINANCIAL DEBT & LEVERAGEDEBT MATURITY PROFILE (US$ MM) Figures in USD million DEBT PROFILE 5,475 5,528 5,5544,628 4,752 4,857 3.46x 3.30x 3.15x -5 -4 -3 -2 -1 0 1 2 3 4 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 4Q23 3Q24 4Q24 776846 697 Total Debt Net Debt Cash Net Debt/ EBITDA 5.66 YEARS Average Term 4.79 % Average Rate 378 970 19 17 15 315 15 15 15 8 154 498 207 104 776 493 78 494 493 471 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035/47 Bonos Bancos
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RELEVANT EVENTS 2024 – 2025 Fire Season Update On January 20, 2025, in the context of a large fire in the Los Sauces municipality in the Araucanía region, three forest firefighters of the contractor SERFONAC lost their lives while combating a fire in CMPC forest. This accident constitutes an extremely painful loss for all the CMPC team. In terms of the impact of fires on the company's plantations, during the current season approximately 1,400 hectares have been affected, compared to 100 hectares affected in the same period last season. The average in the last five years for this same time period has been 1,650 hectares. The company has made important efforts to increase and optimize its firefighting resources, and thus provide an earlier response to fire outbreaks. To date, the company has 140 fire brigades and more than 1,000 firefighters, supported by 10 helicopters, 11 air tankers and 3 coordination aircraft.
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RELEVANT EVENTS CMPC Named the Most Sustainable Forestry Company in the World In November, CMPC was recognized for the second consecutive year as the most sustainable company globally in the Dow Jones Su stainability Index ranking for the ‘Paper & Forest Products’ sector. This recognition aligns with the company's 2030 Strategy, which places sustainability at its core, and reflects the environmental efforts undertaken since 2017 to combat climate change. Luis Felipe Gazitúa and Francisco Ruiz-Tagle Recognized for Their Professional Careers The Faculty of Economics and Business at the University of Chile (FEN) honored Luis Felipe Gazitúa, Chairman of CMPC, and Fra ncisco Ruiz-Tagle, the company’s CEO, for their outstanding professional achievements. Gazitúa received the "90th Anniversary FEN Career Achievement Award" for his more than three decades of contributions to the telecommunications and pulp sectors, particularly in sustainability initiatives. Ruiz-Tagle was inducted into the FEN Circle of Honor 2024 in the Economics category, highlighting his significant contributions to the country’s development and his commitment to the community. CMPC Wins ‘Board of the Year’ Award from the Chilean Institute of Directors In December, during The Board Director’s Summit Chile 2024, CMPC was honored with the “2024 Board of the Year” award. A total of 164 companies were evaluated, and the event aimed to recognize boards that demonstrated exemplary leadership in overcoming the challenges o f implementing Rule 461 issued by the Financial Market Commission. The award was accepted by Luis Felipe Gazitúa, Chairman of CMPC corporation, a ccompanied by members of the board.
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INVESTOR RELATIONS CONTACT Daniela Figueroa daniela.figueroa@cmpc.cl Claudia Cavada claudia.cavada@cmpc.cl