Sappi Third quarter results for the period ended June 2021


for the period ended June 2021

Third quarter
Financial results conference call

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Sappi is a leading global provider of powerful everyday materials made from woodfibre-based renewable resources. Together with our partners, we are quickly moving toward a more circular economy.”

Our raw material offerings (such as dissolving pulp, wood pulp and biomaterials) and end-use products (packaging and specialities papers, graphic papers, casting and release papers and forestry products) are manufactured from woodfibre sourced from sustainably managed forests and plantations, in production facilities powered, in many cases, with bio-energy from steam and existing waste streams. Many of our operations are energy self-sufficient.

Sappi works to build a thriving world by acting boldly to support the planet, people and prosperity.

Sales by source* (%)

Sales by destination* (%)

Sales by product* (%)

Net operating assets** (%)

*  For the period ended June 2021.
** As at June 2021.

Highlights for the quarter

EBITDA excluding
special items
US$145 million
(Q3 FY20 US$26 million; Q2 FY21 US$112 million)

EPS excluding
special items
5 US cents
(Q3 FY20 -10 US cents)

Profit for the period

US$18 million
(Q3 FY20 loss of US$73 million)

Net debt of

US$2,055 million
(Q3 FY20 US$1,977 million)

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Commentary on the quarter

The Covid-19 pandemic continued to evolve. In response, countries moved in and out of restrictions of varying stringency over the past 18 months with many facing considerable pressure to relax public health and social measures. A more favourable economic climate in the majority of our trading regions during the quarter boosted financial performance.

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Corporate information

Registration number: 1936/008963/06
JSE code: SAP
ISIN code: ZAE000006284
Issuer code: SAVVI

Sappi has a primary listing on the JSE Limited and a Level 1 ADR programme that trades in the over-the-counter market in the United States

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