Syn Prop e Tech SA · BMFBOVESPA:SYNE3
Syn Prop e Tech SA — Vulcabras Azaleia — Q4 2017 Earnings Presentation
14 slides from Syn Prop e Tech SA's earnings presentation, March 2018
Slide 1: Earnings Release - 4Q17
EARNINGS RELEASE - 4Q17 Conference call: 03/07/2018 at 10h00 (GMT) YA Vulcabras Azaleia azaleia dij@an <s2owmemus OLK OPANKR %u0
Slide 2: Disclaimer
Disclaimer This presentation contains statements that can represent expectations about future events or results. These statements are based on certain suppositions and analyses made by the company in accordance with its experience, with the economic environment and market conditions, and expected fu
Slide 3: Gross revenue (pairs and pieces k)
Gross revenue (pairs and pieces k) Share Share Var. % Share Share Var. % Pairs and pieces thousand 4Q17 4Q16 2017 2016 % % 4Q17/4Q16 % % 2017/2016 Athletic footwear 3,545 59.7% 3,541 53.6% 0.1% 14,702 60.3% 13,054 55.1% 12.6% Women footwear 1,476 24.8% 2,091 31.6% -29.4% 5,769 23.6% 6,927 29.3% -16.
Slide 4: Net revenue by category
Net revenue by category Share Share Var. % Share Share Var. % R$ Million 4Q17 4Q16 2017 2016 % % 4Q17/4Q16 % % 2017/2016 Athletic footwear 247.0 78.5% 222.0 72.2% 11.3% 993.4 78.6% 832.5 73.4% 19.3% Women footwear 46.2 14.7% 61.9 20.2% -25.4% 178.9 14.2% 217.0 19.2% -17.6% Other footwear and other 1
Slide 5: Net Revenue: Markets
Net Revenue: Markets Share Share Var. % Share Share Var. % R$ Million 4Q17 4Q16 2017 2016 % % 4Q17/4Q16 % % 2017/2016 Domestic market 287.0 91.2% 272.7 88.8% 5.2% 1,122.2 88.8% 988.6 87.2% 13.5% Foreign market 27.6 8.8% 34.4 11.2% -19.8% 140.9 11.2% 145.6 12.8% -3.2% Total net revenue 314.6 100.0% 3
Slide 6: Gross income and gross margin
Gross income and gross margin Var. % Var. % R$ Million 4Q17 4Q16 2017 2016 4Q17 / 4Q16 2017/2016 Gross income 119.7 111.8 7.1% 482.4 392.6 22.9% Gross margin % 38.0% 36.4% 1.6 p.p. 38.2% 34.6% 3.6 p.p. Gross Income and Gross Margin Gross Income and Gross Margin Gross income Gross margin % Gross inco
Slide 7: Selling expenses | Advertising and marketing expenses
Selling expenses | Advertising and marketing expenses Selling expenses Publicity and marketing expenses Var. % Var. % Var. % Var. % R$ Million 4Q17 4Q16 2017 2016 R$ Million 4Q17 4Q16 2017 2016 4Q17 / 4Q16 2017/2016 4Q17 / 4Q16 2017/2016 Selling expenses 34.8 37.0 -5.9% 133.0 124.5 6.8% Advertising
Slide 8: General and administrative expenses
General and administrative expenses Var. % Var. % R$ Million 4Q17 4Q16 2017 2016 4Q17 / 4Q16 2017/2016 Administrative expenses 19.6 22.8 -14.0% 77.2 78.3 -1.4% % of net revenue 6.2% 7.4% -1.2 p.p. 6.1% 6.9% -0.8 p.p. Administrative expenses Administrative expenses Administrative expenses % of net re
Slide 9: Net finance income (costs) and net debt
Net finance income (costs) and net debt Net finance income (costs) Net debt Var. % Var. % R$ Million 4Q17 4Q16 2017 2016 Var. % 4Q17 / 4Q16 2017/2016 R$ Million 2014 2015 2016 2017 2017/2016 Finance costs (18.1) (33.4) -45.8% (97.3) (131.3) -25.9% Borrowings and incentive Ca pi ta l s tructure (5.4)
Slide 10: Income for the period
Income for the period Var. % Var. % R$ Million 4Q17 4Q16 2017 2016 4Q17 / 4Q16 2017/2016 Income for the period 45.4 13.6 233.8% 188.9 35.7 429.1% % of net revenue 14.4% 4.4% 10.0 p.p. 15.0% 3.1% 11.9 p.p. Income for the period Income for the period Income for the period % of net revenue Income for t
Slide 11: EBITDA
EBITDA Var. % Var. % R$ Million 4Q17 4Q16 2017 2016 4Q17 / 4Q16 2017/2016 Income for the period 45.4 13.6 233.8% 188.9 35.7 429.1% (+) Ta xes (0.4) 0.3 -233.3% 2.2 1.1 100.0% (+) Fi na nce i ncome (cos ts ), net 11.0 19.2 -42.7% 49.6 82.1 -39.6% (+) Depreci a ti on a nd a morti za ti on 14.4 23.2 -3
Slide 12: ROIC
ROIC NORMAL ROIC 2014 2015 2016 2017 Income (l os s ) for the peri od (LTM) (72.8) (49.9) 35.7 188.9 (+) Fi na nce i ncome (cos ts ) (LTM) 93.8 98.2 82.1 49.6 NOPAT 21.0 48.2 117.8 238.5 Invested Capital Borrowi ngs (Current + Non-Current) 719.9 675.4 539.3 94.8 (-) Ca s h a nd ca s h equi va l ents
Slide 13: Cash generation and Capex
Cash generation Cash generation 43.5 50.5 49.6 256.5 541.7 444.5 296.5 25.4 106 106.2 Initial Cash EBITDA Capital Working Property, Finance Long-term Decrease in Closing Cash Balance + Increase capital Plant and income Liabilities Bank Balance + Financial Equipment (costs), net Liabilities Financial
Slide 14: Contact: Investor Relations Officer
Contact: Edivaldo Rogério de Brito Investor Relations Officer Telephone number: +55 (11) 4532-1005 e-mail: dri@vulcabras.com.br Site: http://vulcabrasazaleiari.com.br/