{
  "docId": "019dd923-5e88-73ef-bd5a-62adc43f0453",
  "docSlug": "6fba553a146f7fd8",
  "documentTitle": "2025 05 28 Goldman Sachs Brazil Commodities Days",
  "authorId": "GoldmanSachs",
  "authorName": "Suzano",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.714,
  "pageNumber": 56,
  "pageCount": 88,
  "prevPage": 55,
  "nextPage": 57,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 35,
  "notes": "Includes a waterfall chart for net debt, a line chart for leverage, and a stacked bar chart for debt maturity.",
  "elementsJson": [
    "waterfall_chart",
    "line_chart",
    "bar_chart_stacked",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-62adc43f0453/56",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-62adc43f0453",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-62adc43f0453.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-62adc43f0453#slide-56",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Liability Management: US$1.2 bn @ SOFR + 1.45% p.a",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-1d6c-779c-a626-ae8f5dc994b6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.5,
        "x": 0.45,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Amortization Schedule",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "898fa615-c289-4a78-aba5-497849416640",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.35,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Leverage (Net debt/EBITDA LTM)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "612fe95d-1ec7-476c-8fd7-c49e2275f058",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.9,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Net Debt bridge from Dec 2024 to Mar 2025",
      "attrs": null,
      "subkind": "waterfall",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe6c6a5e-eb50-4b57-ac4b-b4ad97fc1576",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "disclaimer",
      "text": "Adjusted EBITDA (-) maintenance capex, (+/-) working capital, (-) accrued net interest, (-) income taxes, among others. | Finnvera credit lines. | Considers the portion of debt with currency swaps for foreign currency.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb2e131d-a73b-45a5-aa8b-340214f96535",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Net Debt: 12.9",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1d6c-779c-a626-b173e3517adb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.03,
        "y": 0.05
      },
      "kind": "title",
      "text": "Financial management",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59e5c104-4a7a-4f82-b2a8-ac46657c8492",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "0cd13254-70aa-4d81-8823-19f008e62b3f",
      "evidence": "chart/waterfall: Net Debt bridge from Dec 2024 to Mar 2025",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 64,
      "from": 50,
      "beatId": "9f61f013-15b2-42b2-950a-84f4dcbc9148",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The document outlines Suzano's solutions and approach to address the challenges.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}