Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q1 2017 Earnings Presentation
12 slides from Eucatex S.a. Industria E Comercio's earnings presentation, May 16, 2017
Slide 1: Eucatex Group 1Q17 Earnings Presentation
Eucatex Group Presentation 1Q17 Earnings May 16, 2017
Slide 2: Highlights
Eucatex Group Highlights Net Revenue 1Q17: R$ 283.1 million, up 2.8% Recurring EBITDA 1Q17: R$ 45.2 million, up 2.4% Recurring EBITDA Margin 1Q17: 16.0%, expansion of 1.4 pp Recurring Net Income 1Q17: R$ 9.7 million, down 12.1% 2
Slide 3: Operating Data
Operating Data Net Revenue 1Q16 1Q17 Var R$ 275.2 million R$ 283.1 million 2.8% Breakdown by Product – 1Q17 Breakdown by Segment – 1Q17 3
Slide 4: Operating Data - Export Performance
Operating Data Export Performance – 1Q17 Net Revenue – Base 100 - 2013 Share of Total Net Revenue CAGR: + 20.0% 239 159 173 100 14% 17% 12% 9% 1T14 1Q14 1T15 1Q15 1T16 1Q16 1T17 1Q17 1T14 1Q14 1T15 1Q15 1T16 1Q16 1T17 1Q17 4
Slide 5: Wood Segment
Wood Segment Net Revenue 1Q16 1Q17 Var R$ 205.3 million R$ 216.6 million 5.5% 139 138 130 Total 120 Market (‘000 m³) 118 110 DOMESTIC + EXPORT MARKET 114 106 108 104 100 100 1.890,1 1.761,2 1T06 1T07 1T08 1T09 1T10 1T11 Source: IBÁ 1T16 Eucatex Market Mercado 1T17 5
Slide 6: Wood Segment
Wood Segment Installed Capacity Utilization – 1Q17 8% 86% 84% 55% 39% Fiberboard T-HDF/MDF MDP and flooring Laminated Flooring (240,000m³/year) (275,000 m³/year) (430,000 m³/year) (12 million m²/year) Breakdown of Costs – 1Q17 All Panels Resin Panels Non-Resin Panels (Fiberboard) 6
Slide 7: Paint Segment
Paint Segment Market – million gallons Net Revenue 1Q16 1Q17 Var R$ 57.4 million R$ 59.4 million 3.5% Breakdown of Costs – 1Q17 Change 1Q17 vs. 1Q16 Eucatex 0.0% Market 0.0% Source: Eucatex Installed Capacity Utilization 48% 1Q17 1T17 Total Capacity – 36 million gallons / year 7
Slide 8: Financial Data
Financial Data Highlights (R$ million) 1Q17 V.A. % 1Q16 V.A. % Var. (%) Net Revenue 283.1 100.0% 275.2 100.0% 2.8% Fair value of biological assets 4.5 1.6% 7.4 2.7% -39.5% Cost of products sold (215.4) -76.1% (209.7) -76.2% 2.7% Gross income 72.2 72.9 -1.1% Gross Margin (%) 25.5% 26.5% -1 p.p. Admin
Slide 9: Debt
Debt Debt (R$ Million) 1Q17 2016 Var. (%) 1Q16 Var. (%) Short Term Debt 232.4 241.3 -3.7% 214.1 8.6% Long Term Debt 121.5 114.4 6.2% 126.3 -3.8% Gross Debt 353.9 355.7 -0.5% 340.4 4.0% Cash and Cash Equivalents 26.5 23.6 12.4% 11.6 128.0% Net Debt 327.4 332.1 -1.4% 328.8 -0.4% % Short Term Debt 66%
Slide 10: Investments
Investments Investments Made Planned for 2017 R$ 81 million 10.7 8.6 3.9 1.1 0.3 0.6 7.1 5.1 3.6 2.6 10
Slide 11: Sustainability – Forestry and Recycling
Sustainability – Forestry and Recycling 79 farms with Total Processing Capacity - Recycling Average Radius planted eucalyptus Equivalent to Salto Botucatu Ton/Year forests, totaling Trees Forests 46,300 164km 24 Km 240,000 ton 2 million / year 1,500 ha hectares Processed Volume (ton) - Recycling New
Slide 12: Investor Relations Contacts
José Antonio G. de Carvalho Executive VP and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira 55 (11) 3049-2473 Investor Relations ri@eucatex.com.br ri.eucatex.com.br