Irani Papel e Embalagem (RANI3) Investor presentation summary

Strategic positioning and market overview

• Operates as a pure player in the Brazilian packaging sector, listed on B3's Novo Mercado, with over 60 years of experience and more than 2,100 employees.

• Achieved BRL 1.7 billion in net revenue for 2025, with 91% from the domestic market and 9% from exports.

• Production in 2025 reached 317,000 tons of paper and 170,000 tons of corrugated packaging, with a focus on sustainable solutions.

• Customer base is diversified across domestic and external markets, with a strong presence in food, beverage, and industrial sectors.

• Mills and forestry assets are strategically located in Brazil's main economic regions, supporting integrated operations.

Growth trajectory and operational excellence

• History of strategic M&A, greenfield investments, and operational upgrades, including the Gaia Platform for integrated production.

• Consistent growth in paper production and net revenues, with recent years focused on operational efficiency and sustainability.

• Active management initiatives include SAP S/4HANA implementation, debt restructuring, and green bond issuances.

• Gaia Platform investments total over BRL 1.3 billion, with significant progress in expansion and modernization projects.

Market dynamics and sector opportunities

• Corrugated containerboard market in Brazil is resilient and underpenetrated, with demand at historical highs and strong e-commerce growth.

• Sustainability trends and consumer preferences for renewable, recyclable packaging drive sector growth.

• Exposure to non-cyclical segments and a non-concentrated customer base support market dominance.