Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex — Q3 2018 Earnings Presentation
15 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Nov 8, 2018
Slide 1: 3Q18 Eucatex Group Presentation
3Q18 Eucatex Group Presentation November 8, 2018
Slide 2: Highlights
Highlights Net Revenue • 3Q18: R$ 321.2 million, up 2.4% • 9M18: R$ 927.0 million, up 4.5% Recurring EBITDA • 3Q18: R$ 61.6 million, growth of 10.9% • 9M18: R$ 167.5 million, growth of 9.3% Recurring EBITDA Margin • 3Q18: 19.2%, up 1.5 pp • 9M18: 18.1%, up 0.8 pp Recurring Net Income (Loss) • 3Q18:
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 ABRAMAT Index – Domestic Market
Construction Industry ABRAMAT Index – Domestic Market Between 2013 and 9M18, 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 % 3Q18 vs. 3Q17 Fiberboard MDP MDF Total Total 8.0% 16.4% 6.5% 10.4% Domestic Market -8.7% 16.0% 8.5% 11.1% Export Market 35.8% 18.6% -3.1% 7.0% Source: Eucatex Esti
Slide 6: Net Revenue
Operating Data Net Revenue 3Q17 3Q18 Var 9M17 9M18 Var R$ 313.7 million R$ 321.2 million 2.4% R$ 887.1 million R$ 927.0 million 4.5% Distribution by Product - 3Q18 Distribution by Segment - 3Q18 6
Slide 7: Wood Segment Net Revenue
Wood Segment Net Revenue 3Q17 3Q18 Var R$ 223.2 million R$ 244.2 million 9.4% 9M17 9M18 Var R$ 644.1 million R$ 686.4 million 6.6% Total Market ('000 m³) DOMESTIC + EXPORT MARKETS -5.3% -5.4% 10.4% 5.5% Market Source: IBÁ 7
Slide 8: Wood Segment
Wood Segment Installed Capacity Utilization - 3Q18 Breakdown of Costs - 3Q18 All Panels Resin Panels Non-Resin Panels (Fiberboard) 8
Slide 9: Paint Segment
Paint Segment Market - Million Gallons Net Revenue 3Q17 3Q18 Var R$ 69.7 million R$ 73.7 million 5.8% 9M17 9M18 Var R$ 186.2 million R$ 198.4 million 6.6% Breakdown of Costs - 3Q18 Variation 3Q18 vs. 3Q17 9M18 vs. 9M17 Eucatex -6.1% 0.9% Market 0.7% -0.8% Source: Eucatex Installed Capacity Utilizati
Slide 10: Financial Data
Financial Data Highlights (R$ million) 3Q18 A.V. % 3Q17 A.V. % Var. (%) 9M18 A.V. % 9M17 A.V. % Var. (%) Net Revenue 321.2 100.0% 313.7 100.0% 2.4% 927.0 100.0% 887.1 100.0% 4.5% Fair value of biological assets 1.0 0.3% 12.8 4.1% -92.2% 1.1 0.1% 23.1 2.6% -95.3% Cost of products sold (230.7) -71.8%
Slide 11: Debt
Debt Debt (R$ Million) 9M18 2017 Var. (%) 1H18 Var. (%) Short Term Debt 259.4 245.2 5.8% 291.8 -11.1% Long Term Debt 138.8 106.1 30.7% 100.5 38.0% Gross Debt 398.2 351.3 13.3% 392.4 1.5% Cash and Cash Equivalents 25.2 20.3 24.0% 20.5 22.5% Net Debt 373.0 331.0 12.7% 371.8 0.3% % Short Term Debt 65%
Slide 12: Proposed 7th Issue of Debentures
Proposed 7th Issue of Debentures Approval expected in the ESM to be held on Nov. 22, 2018. Issue Profile • Simple, Non-Convertible Debentures, with Security Interest and Additional Personal Guarantee, in a Single Series, for Public Distribution with Limited Efforts Proposed Issue Value • Between R$
Slide 13: Investments
Investments Investments Made Planned for 2018 R$ 96 million 13
Slide 14: Sustainability - Forestry
Sustainability - Forestry 75 farms Average Radius for eucalyptus plantation, Salto Botucatu totaling 126 km 52 Km 45,800 hectares Newly Planted Forests and Seedling Management (ha) 14
Slide 15: 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