NYSE:SLVM

• That momentum is expected to continue in 2024, and we are well positioned to capitalize on the opportunities that lie ahead.
• We are making good progress with Project Horizon, our structural cost reduction program to streamline overhead, manufacturing and supply chain costs.
• Before inflation, we are on target to meet run rate savings of $110 million by the end of 2024.
• Our board of directors declared a second quarter dividend of $0.30 per share, which we paid April 29.

• Sylvamo (NYSE: SLVM), the world’s paper company, will participate in a fireside chat and host individual meetings Wednesday, Feb. 28, during the BofA Securities 2024 Global Agriculture and Materials Conference in Fort Lauderdale, Florida.
• John Sims, senior vice president and chief financial officer, and other company leaders will discuss a brief presentation.
• The fireside chat will begin 1:20 p.m. EST and will be streamed online.
• The presentation will be available at investors.sylvamo.com before the conference begins.

• Last year, we invested $210 million to strengthen our low-cost assets and acquired a 500,000-ton uncoated freesheet mill in Nymolla, Sweden, for $167 million.
• In 2023, this mill generated strong cash flow, benefiting from the $40 million pulp mill modernization project completed just before the acquisition.
• By the end of 2023, we exhausted our initial $150 million share repurchase program authorization and have approximately $150 million remaining on our September 2023 authorization.
• We will continue to return substantial amounts of cash to shareowners and look for opportunities to repurchase shares at attractive prices.

Sylvamo's (NYSE: SLVM) board of directors declared a quarterly dividend of $0.30 per share for the period of Jan. 1, 2024, to March 31, 2024. The dividend is payable Jan. 25, 2024, to holders of record at the close of business Jan. 4, 2024.