Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — 4Q18 Earnings Presentation
14 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Mar 28, 2019
Slide 1: 4Q18 Eucatex Group Presentation
4Q18 Eucatex Group Presentation March 28, 2019
Slide 2: Highlights
Highlights Net Revenue • 4Q18: R$ 335.3 million, up 5.4% • 2018: R$ 1,262.3 million, up 4.7% Recurring EBITDA • 4Q18: R$ 64.4 million, growth of 8.3% • 2018: R$ 231.9 million, growth of 9.0% Recurring EBITDA Margin • 4Q18: 19.2%, expanding 0.5 pp • 2018: 18.4%, expanding 0.8 pp Recurring Net Income
Slide 3: Eucatex Group structure for 2019
Eucatex Group structure for 2019 MDP and Expected Net Revenue growth of, approximately, 20% in the Total Laminated Flooring Seedling Nursery Revenue of the Eucatex Group Botucatu/SP Bofete/SP MDP Seedlings 430,000 m³ Laminated Flooring 10 million 12 million m² Finish Foil, BP and Lacca Paints and
Slide 4: Construction Industry
Construction Industry ABRAMAT Index – Domestic Market Between 2013 and 2018, the indicator is down 29.8%. Source: ABRAMAT 4
Slide 5: Evolution of Supply and Demand in Brazil's Panel Market – Quarter
Evolution of Supply and Demand in Brazil’s Panel Market – Quarter Effective Installed Capacity (Fiberboard + MDF + MDP) vs. Production % Var. 4Q18 vs. 4Q17 Total Total 5.1% Domestic Market 5.3% Export Market 4.1% Source: Eucatex Estimate 5
Slide 6: Net Revenue
Operating Data Net Revenue 4Q17 4Q18 Var 2017 2018 Var R$ 318.3 million R$ 331.3 million 5.4% R$ 1,205.4 million R$ 1,262.3 million 4.7% Distribution by Product - 4Q18 Distribution by Segment - 4Q18 6
Slide 7: Wood Segment Net Revenue
Wood Segment Net Revenue 4Q17 4Q18 Var R$ 228.3 million R$ 255.8 million 12.0% 2017 2018 Var R$ 872.5 million R$ 942.7 million 8.1% Total Market ('000 m³) DOMESTIC + EXPORT MARKETS 1.3% -3.7% 5.1% 5.4% Market Source: IBÁ 7
Slide 8: Wood Segment
Wood Segment Installed Capacity Utilization - 4Q18 Breakdown of Costs - 4Q18 All Panels Resin Panels Non-Resin Panels (Fiberboard) 8
Slide 9: Paint Segment
Paint Segment Market - Million Gallons Net Revenue 4Q17 4Q18 Var R$ 68.4 million R$ 74.2 million 8.5% 2017 2018 Var R$ 254.6 million R$ 272.6 million 7.1% Breakdown of Costs - 4Q18 Variation 4Q18 vs. 4Q17 2018 vs. 2017 Eucatex -5.1% -0.7% Market -5.1% -2.1% Source: Eucatex Installed Capacity Utiliza
Slide 10: Financial Data
Financial Data Highlights (R$ million) 4Q18 V.A. % 4Q17 V.A. % Var. (%) 2018 V.A. % 2017 V.A. % Var. (%) Net Revenue 335.3 100.0% 318.3 100.0% 5.4% 1,262.3 100.0% 1,205.4 100.0% 4.7% Fair value of biological assets 27.1 8.1% (0.6) -0.2% 4514.1% 28.2 2.2% 22.5 1.9% 25.4% Cost of products sold (244.4)
Slide 11: Debt
Debt Debt (R$ Million) 2018 2017 Var. (%) 9M18 Var. (%) Short Term Debt 287.0 245.2 17.1% 259.4 10.6% Long Term Debt 156.5 106.1 47.5% 138.8 12.8% Gross Debt 443.5 351.3 26.3% 398.2 11.4% Cash and Cash Equivalents 27.5 20.3 35.4% 25.2 9.2% Net Debt 416.1 331.0 25.7% 373.0 11.5% % Short Term Debt 65%
Slide 12: Investments
Investments Investments Made Planned for 2019 R$ 119 million 12
Slide 13: Sustainability - Forestry
Sustainability - Forestry 75 farms Average Radius for eucalyptus plantation, Salto Botucatu totaling 171 km 49 Km 45,800 hectares Newly Planted Forests and Seedling Management (ha) 13
Slide 14: José Antonio G. de Carvalho, Executive Vice-President and IRO
José Antonio G. de Carvalho Executive Vice-President and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations 55 (11) 3049-2473 / ri@eucatex.com.br