Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Q2 2020 Earnings Presentation
16 slides from Eucatex S.a. Industria E Comercio's earnings presentation, August 2020
Slide 1: Earnings Release 2Q20
Earnings Release 2Q20
Slide 2: Highlights
Highlights Net Revenue • 2Q20: R$369.3 million, down 1.0% • 1H20: R$738.2 million, up 1.2% Recurring EBITDA • 2Q20: R$64.5 million, down 10.1% • 1H20: R$131.7 million, down 4.8% Recurring EBITDA Margin • 2Q20: 17.5%, down 1.7 p.p. • 1H20: 17.8%, down 1.2 p.p. Recurring Net Income • 2Q20: R$18.3 mill
Slide 3: Construction: ABRAMAT Index - Domestic Market
Construction ABRAMAT Index - Domestic Market From 2013 to 1H20, the index dropped 38.6%. Source: ABRAMAT 3
Slide 4: Evolution of Supply and Demand in Domestic Panel Market - Quarter
Evolution of Supply and Demand in Domestic Panel Market - Quarter Effective Installed Capacity (Fiberboard + MDF + MDP) vs. Production 2,891.3 2,891.3 2,702.0 2,702.0 % Var. 2Q20 x 2Q19 Total 35% 33% 32% Total -20.7% 48% Domestic Market -22.2% 285.7 Export Market -12.3% 309.1 324.8 1,598.8 1,502.6 1
Slide 5: Operating Data
Operating Data Net Revenue 2Q19 2Q20 Var 1H19 1H20 Var R$373.0 million R$369.3 million -1.0% R$729.5 million R$738.2 million 1.2% Distribution by Product - 2Q20 Distribution by Segment - 2Q20 Eucatex has a diversified portfolio of products and operates in several segments, which has driven its signi
Slide 6: Wood Segment
Wood Segment Net Revenue 2Q19 2Q20 Var R$285.3 million R$231.0 million -19.0% 1H19 1H20 Var R$550.1 million R$506.6 million -7.9% Total Market (‘000 m³) – Domestic + Export Markets -30.2% -18.4% -20.7% -9.7% Source: Eucatex estimate Market 6
Slide 7: Wood Segment
Wood Segment Installed Capacity Utilization - 2Q20 Breakdown of Costs - 2Q20 All Panels Resin Panels Non-Resin Panels (Fiberboard) 7
Slide 8: Paint Segment
Paint Segment Market - Million Gallons Net Revenue Variation 2Q20 x 2Q19 2Q19 2Q20 Var Eucatex 29.3% R$69.6 million R$97.0 million 39.4% Market -15.0% 1H19 1H20 Var Variation 1H20 x 1H19 Eucatex 11.2% R$136.8 million R$161.9 million 18.4% Market -11.7% Source: Eucatex Breakdown of Costs - 2Q20 Insta
Slide 9: Financial Data
Financial Data Highlights (RS million) 2Q20 V.A. % 2Q19 V.A. % Var. (%) 1H20 V.A. % 1H19 V.A. % Var. (%) Net Revenue 369.3 100.0% 373.0 100.0% -1.0% 738.2 100.0% 729.5 100.0% 1.2% Fair value of biological assets 10.3 2.8% 0.3 0.1% 3393.3% 20.1 2.7% 0.2 0.0% 8834.9% Cost of products sold (266.2) 72.1
Slide 10: Debt
Debt Debt (R$ Million) 1H20 2019 Var. (%) 1H19 Var. (%) Short Term Debt 298.9 240.2 24.4% 274.0 9.1% Long Term Debt 190.8 193.0 -1.1% 160.5 18.8% Gross Debt 489.6 433.2 13.0% 434.5 12.7% Cash and Cash Equivalents 24.7 18.5 34.0% 13.1 89.1% Net Debt 464.9 414.7 12.1% 421.4 10.3% % Short Term Debt 61%
Slide 11: Investments
Investments Investments Made Planned for 2020 R$136.5 million 11
Slide 12: Sustainability - Forestry
Sustainability - Forestry 83 farms Average Radius with eucalyptus plantations, Botucatu Botucatu totaling Salto MDP Fiberboard 51,600 hectares 76 km 19 Km 54 Km Newly Planted Forests and Seedling Management (ha) 12
Slide 13: EUCATEX vs. COVID-19
EUCATEX vs. COVID-19 Eucatex Taking Care of You!
Slide 14: Eucatex vs. COVID-19: Internal Measures - Preventive Actions
Eucatex vs. COVID-19 Internal Measures - Preventive Actions Information and Raising Awareness Sanitization of Facilities Personal Hygiene Physical Distancing Risk Monitoring Control of Cases Until August 11, 5 months after the pandemic broke out, with the information and documented follow-up of the
Slide 15: Preventive Measures
Preventive Measures Important Measures for Balancing Results and Reducing the Impacts of Quarantine Impact R$ million/average Measures month (incurred 2Q20) Work shift and wage reduction: Administrative departments – 25% Apr-Jun Paint Unit – 25% May and June Panel and Flooring Unit - 25% May and Jun
Slide 16: Investor Relations Contacts
José Antonio G. de Carvalho Executive Vice President and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations ri@eucatex.com.br 55 (11) 3049-2473
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