Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q2 2016 Earnings Presentation
12 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 11, 2016
Slide 1: Eucatex Group 2Q16 Earnings Presentation
Eucatex Group 2Q16 Earnings Presentation August 11, 2016
Slide 2: Highlights
Eucatex Group Highlights Net Revenue 2Q16: R$ 280.4 million, up 5.9% 6M16: R$ 555.7 million, up 2.4% Recurring EBITDA 2Q16: R$ 51.3 million, up 3.2% 6M16: R$ 91.4 million, down 6.2% Recurring EBITDA 2Q16: 18.3%, contraction of 0.5 pp Margin 6M16: 16.5%, contraction of 1.5 pp Recurring Net Income 2Q1
Slide 3: Operating Data: Net Revenue
Operating Data Net Revenue 2Q15 2Q16 Var 6M15 6M16 Var R$ 264.8 million R$ 280.4 million 5.9% R$ 542.8 million R$ 555.7 million 2.4% Distribution by Product Distribution by Segment 3
Slide 4: Operating Data: Export Performance – 6M
Operating Data Export Performance – 6M Net Revenue – Base 100 - 2013 Share of Total Net Revenue CAGR: + 39.8% 273 209 100 114 16% 9% 12% 7% 1S13 6M13 1S14 6M14 1S15 6M15 1S16 6M16 1S13 6M13 1S14 6M14 1S15 6M15 1S16 6M16 4
Slide 5: Wood Segment Net Revenue
Wood Segment Net Revenue 2Q15 2Q16 Var R$ 206.4 million R$ 207.8 million 0.7% 6M15 6M16 Var R$ 414.3 million R$ 414.0 million 0.0% 139 138 130 118 Total 120 Market (‘000 m³) DOMESTIC + EXPORT MARKET 114 110 106 108 104 100 100 1T06 1T07 1T08 1T09 1T10 1T11 Source: IBÁ Eucatex Market Mercado 5
Slide 6: Wood Segment: Installed Capacity Utilization
Wood Segment Installed Capacity Utilization – 2Q16 7% 69% 73% 76% 44% 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 – 2Q16 All Panels Resin Panels Non-Resin Panels (Fiberboard) 6
Slide 7: Paint Segment Net Revenue
Paint Segment Net Revenue Market – million gallons 2Q15 2Q16 Var R$ 55.2 million R$ 60.6 million 9.8% 6M15 6M16 Var R$ 118.1 million R$ 118.0 million -0.1% Change 2Q16 vs. 2Q15 6M16 vs. 6M15 Breakdown of Costs – 2Q16 Eucatex 4.4% -7.2% Market -7.2% -10.1% Source: Eucatex Installed Capacity Utilizati
Slide 8: Financial Data
Financial Data Highlights (R$ million) 2Q16 V.A. % 2Q15 V.A. % Var. (%) 6M16 V.A. % 6M15 V.A. % Var. (%) Net Revenue 280.4 100.0% 264.8 100.0% 5.9% 555.7 100.0% 542.8 100.0% 2.4% Fair value of biological assets 6.9 2.5% 5.5 2.1% 25.7% 14.4 2.6% 19.6 3.6% -26.6% Cost of products sold (206.0) -73.5% (
Slide 9: Debt
Debt Debt (R$ Million) 6M16 2015 Var. (%) 6M15 Var. (%) Short Term Debt 195.1 210.6 -7.4% 175.6 11.1% Long Term Debt 137.3 140.9 -2.6% 159.5 -14.0% Gross Debt 332.4 351.5 -5.4% 335.1 -0.8% Cash and Cash Equivalents 25.6 17.6 45.6% 23.9 7.3% Net Debt 306.8 333.9 -8.1% 311.3 -1.4% % Short Term Debt 59
Slide 10: Investments
Investments Investments Made Planned for 2016 R$80 million Other 1% Panel Forest Factories 48% 46% Paints 5% 8.5 7.2 2.3 3.8 1.1 0.3 7.8 7.3 4.2 1.8 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 46,300 182 km 38 Km 240,000 ton 2 million / year 1,500 ha hectares Processed Volume (ton) - Recycling Ne
Slide 12: Investor Relations Contacts
José Antonio G. de Carvalho Executive VP and IRO (+55 11) 3049-2473 Sergio Henrique Ribeiro Controller ri@eucatex.com.br Waneska Bandeira ri.eucatex.com.br Investor Relations