Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex — 4Q19 Earnings Presentation
13 slides from Eucatex S.a. Industria E Comercio's earnings presentation, 2020
Slide 1: Earnings Release 4Q19
Earnings Release 4Q19
Slide 2: Highlights
Highlights Net Revenue • 4Q19: R$397.5 million, up 18.5% • 2019: R$1,525.8 million, up 20.9% Recurring EBITDA • 4Q19: R$76.6 million, up 18.9% • 2019: R$289.6 million, up 24.9% Recurring EBITDA Margin • 4Q19: 19.3%, stable • 2019: 19.0%, up 0.6 p.p. Recurring Net Income • 4Q19: R$24.6 million, down
Slide 3: Construction Industry
Construction Industry ABRAMAT Index – Domestic Market Between 2013 and 2019, the index declined 28.4%. Source: ABRAMAT 3
Slide 4: 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. 4Q18 vs. 4Q19 Total Total -6.2% Domestic Market -4.5% Export Market -16.1% % Var. 2018 vs. 2019 Total Total -2.3% Domestic Market 0.4% Export Market -16.1% So
Slide 5: Operating Data
Operating Data Net Revenue 4Q18 4Q19 Var 2018 2019 Var R$335.3 million R$397.5 million 18.5% R$1,262.3 million R$1,525.8 million 20.9% Distribution by Product – 4Q19 Distribution by Segment – 4Q19 Eucatex has a diversified portfolio of products and operates in diverse segments, contributing with sig
Slide 6: Wood Segment
Wood Segment Net Revenue 4Q18 4Q19 Var R$255.8 million R$287.7 million 12.5% 2018 2019 Var R$943.6 million R$1,125.5 million 19.3% Total Market (‘000 m³) – Domestic + Export Markets 4.7% 18.5% -6.2% -2.3% Market Source: IBÁ 6
Slide 7: Wood Segment
Wood Segment Installed Capacity Utilization – 4Q19 12% Breakdown of Costs – 4Q19 All Panels Resin Panels Non-Resin Panels (Fiberboard) 7
Slide 8: Paint Segment
Paint Segment Market – Million Gallons Net Revenue 4Q18 4Q19 Var Variation 4Q19 vs. 2019 vs. 2018 4Q18 R$74.2 million R$85.0 million 14.6% Eucatex 16.2% 7.0% Market 4.7% -0.6% 2018 2019 Var Source: Eucatex R$272.6 million R$303.4 million 11.3% Breakdown of Costs – 4Q19 Installed Capacity Utilization
Slide 9: Financial Data
Financial Data eucatex Highlights (R$ million) Var. (%) 2019 2018 V.A.% Var. (%) Net Revenue 397.5 100.0% 335.3 100.0% 18.5% 1,525.8 100.0% 1,262.3 100.0% 20.9% Fair value of biological assets 1.2 0.3% 27.1 8.1% -95.6% 10.4 0.7% 28.2 2.2% -63.2% Cost of products sold (282.0) -70.9% (244.4) -72.9% 15
Slide 10: Debt
Debt Debt (R$ Million) 2019 9M19 Var. (%) 2018 Var. (%) Short-Term Debt 240.2 268.7 -10.6% 287.0 -16.3% Long-Term Debt 193.0 176.3 9.4% 156.5 23.3% Gross Debt 433.2 445.1 -2.7% 443.5 -2.3% Cash and Cash Equivalents 18.5 18.9 -2.1% 27.5 -32.8% Net Debt 414.7 426.2 -2.7% 416.1 -0.3% % Short-Term Debt
Slide 11: Investments
Investments Investments Made Projected for 2020 R$136.4 million 11
Slide 12: Sustainability - Forestry
Sustainability - Forestry 80 farms Average Radius for eucalyptus plantation, Salto Botucatu totaling 51,500 hectares 163 km 58 Km Newly Planted Forests and Seedling Management (ha) 12
Slide 13: 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