Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q2 2019 Earnings Presentation
14 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 16, 2019
Slide 1: 2Q19 Eucatex Group Presentation
2Q19 Eucatex Group Presentation August 16, 2019
Slide 2: Highlights
Highlights Net Revenue • 2Q19: R$ 373.0 million, up em 23.5% • 1H19: R$ 729.5 million, up 20.4% Recurring EBITDA • 2Q19: R$ 71.7 million, growing 32.1% • 1H19: R$ 138.3 million, growing 30.7% Recurring EBITDA Margin • 2Q19: 19.2%, expansion of 1.2 pp • 1H19: 19.0%, expansion of 1.5 pp Recurring Net
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 1H19, the indicator is down 28.0%. 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. 2Q18 vs. 2Q19 Total Total 2.9% Domestic Market 6.1% Export Market -12.0% % Var. 1H18 vs. 1H19 Total Total 1.2% Domestic Market 3.5% Export Market -10.2% Sourc
Slide 6: Net Revenue
Operating Data Net Revenue 2Q18 2Q19 Var 1H18 1H19 Var R$ 302.0 million R$ 373.0 million 23.5% R$ 605.8 million R$ 729.5 million 20.4% Distribution by Product - 2Q19 Distribution by Segment - 2Q19 6
Slide 7: Wood Segment Net Revenue
Wood Segment Net Revenue 2Q18 2Q19 Var R$ 219.6 million R$ 285.3 million 29.9% 1H18 1H19 Var R$ 443.1 million R$ 550.1 million 24.1% Total Market ('000 m³) DOMESTIC + EXPORT MARKETS 27.4% 19.4% 2.9% 1.2% Market Source: IBÁ 7
Slide 8: Wood Segment
Wood Segment Installed Capacity Utilization - 2Q19 Breakdown of Costs - 2Q19 All Panels Resin Panels Non-Resin Panels (Fiberboard) 8
Slide 9: Paint Segment
Paint Segment Net Revenue Market - Million Gallons 2Q18 2Q19 Var R$ 63.8 million R$ 69.6 million 9.1% 1H18 1H19 Var R$ 124.7 million R$ 136.8 million 9.7% Breakdown of Costs - 2Q19 Variation 2Q19 vs. 1H19 vs. 2Q18 1H18 Eucatex 1.4% 0.9% Market 11.1% 7.9% Source: Eucatex Installed Capacity Utilizatio
Slide 10: Financial Data
Financial Data Highlights (R$ million) 2Q19 V.A. % 2Q18 V.A. % Var. (%) 1H19 V.A. % 1H18 V.A. % Var. (%) Net Revenue 373.0 100.0% 302.0 100.0% 23.5% 729.5 100.0% 605.8 100.0% 20.4% Fair value of biological assets 0.3 0.1% 0.7 0.2% -59.0% 0.2 0.0% 0.1 0.0% 187.8% Cost of products sold (270.4) -72.5%
Slide 11: Debt
Debt Debt (R$ Million) 1H19 1Q19 Var. (%) Short Term Debt 274.0 287.2 -4.6% Long Term Debt 160.5 160.8 -0.2% Gross Debt 434.5 448.0 -3.0% Cash and Cash Equivalents 13.1 12.3 6.5% Net Debt 421.4 435.8 -3.3% % Short Term Debt 63% 64% -1 p.p. Net Debt/EBITDA (Rec. LTM) 1.6 1.8 -10.1% Net Debt/EBITDA (R
Slide 12: Investments
Investments Investments Made Planned for 2019 R$ 119 million 12
Slide 13: Sustainability - Forestry
Sustainability - Forestry 76 farms Average Radius for eucalyptus plantation, Salto Botucatu totaling 175 km 58 Km 48,600 hectares Newly Planted Forests and Seedling Management (ha) 13
Slide 14: Investor Relations contacts
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