Syn Prop e Tech SA · BMFBOVESPA:SYNE3
Syn Prop e Tech SA — Vulcabras Azaleia — Q3 2019 Earnings Presentation
16 slides from Syn Prop e Tech SA's earnings presentation
Slide 1: Earnings Presentation 3Q19
Earnings Presentation 3Q19 IA Vulcabras Azaleia <Se> OLYMPIKUS . q Botas azaleia djean SSS> OPANKK + Wrrrectarce UNDER ARMOUR.
Slide 2: Disclaimer
DISCLAIMER This presentation contains statements that can represent expectations about future events or results. These statements are based on certain suppositions and analyses made by the company in accordance with its experience, with the economic environment and market conditions, and expected fu
Slide 3: Participants
PARTICIPANTS Pedro Bartelle Chief Executive Officer André de Camargo Bartelle 1st Vice Chairman Wagner Dantas da Silva Chief Administrative and Financial Officer and Investor Relations Officer 3
Slide 4: Highlights
HIGHLIGHTS • Gross Volume: 7.3 million pairs/pieces in 3Q19, growth of 9.7% compared to 3Q18 and 19.8 million pairs/pieces in 9M19, growth of 11.7% compared to 9M18. • Net Revenue: R$ 359.4 million in 3Q19, growth of 11.6% compared to 3Q18 and R$ 986.1 million in 9M19, growth of 10.2% compared to 9M
Slide 5: Gross Volume
GROSS VOLUME Gross Volume: Pairs and clothing itens/ thousand 3Q19 vs. 3Q18 9M19 vs. 9M18 3Q18 9M18 3Q19 9M19 3,803 4,029 10,474 10,829 1,834 1,814 4,559 4,232 776 752 221 2,449 2,487 605 1,971 684 Athletic footwear Women footwear Other footwear and Apparel and Athletic footwear Women footwear Other
Slide 6: Net Operating Revenue: Category
NET OPERATING REVENUE: CATEGORY 3Q19 vs. 3Q18 9M19 vs. 9M18 3Q18 9M18 3Q19 9M19 270.4 733.6 243.6 684.1 18.4 20.2 55.1 51.2 63.0 54.9 53.2 15.6 137.3 138.3 5.2 18.4 Athletic footwear Women footwear Other footwear and Apparel and Athletic footwear Women footwear Other footwear and Apparel and other (
Slide 7: Net Operating Revenue: Markets
NET OPERATING REVENUE: MARKETS PARTICIPATION – 3Q19 PARTICIPATION – 9M19 7,2% 7,8% Domestic Market Domestic Market Foreign Market Foreign Market 92,8% 92,2% Share Share Var. % Share Share Var. % R$ Million 3Q19 3Q18 9M19 9M18 % % 3Q19/3Q18 % % 9M19/9M18 Domestic Market 333.5 92.8% 292.5 90.8% 14.0%
Slide 8: Gross Profit
GROSS PROFIT 3Q19 vs. 3Q18 36.6% 34.7% 5.9% 117.8 124.8 3Q18 3Q19 Gross profit Gross margin % 9M19 vs. 9M18 35.2% 34.3% 314.9 7.4% 338.1 9M18 9M19 8 Gross profit Gross margin %
Slide 9: Selling and Advertising Expenses
SELLING AND ADVERTISING EXPENSES SELLING EXPENSES1 – 3Q19 vs. 3Q18 and 9M19 vs. 9M18 11.2% 11.5% 11.0% 10.9% 16.5% 113.2 97.2 9.7% 36.1 39.6 3Q18 3Q19 9M18 9M19 Selling Expenses % of Net Revenue Selling Expenses % of Net Revenue ADVERTISING AND MARKTING EXPENSES – 3Q19 vs. 3Q18 and 9M19 vs. 9M18 5.6
Slide 10: General and Administrative Expenses
GENERAL AND ADMINISTRATIVE EXPENSES 3Q19 vs. 3Q18 7.5% 6.4% 30.0% 20.7 26.9 3Q18 3Q19 G&A Expenses % of Net Revenue 9M19 vs. 9M18 8.1% 6.6% 34.6% 79.8 59.3 9M18 9M19 G&A Expenses % of Net Revenue 10
Slide 11: Net Financial Income and Net Debt
NET FINANCIAL INCOME AND NET DEBT NET FINANCIAL INCOME Var. % Var. % R$ Million 3Q19 3Q18 9M19 9M18 3Q19/3Q18 9M19/9M18 Capital structure -0.6 -0.8 -25.0% -3.6 -3.8 -5.3% Operating -3.0 -2.0 50.0% -8.5 -6.3 34.9% Exchange differences -2.7 -2.6 3.8% -8.6 -7.4 16.2% Financial Costs -6.3 -5.4 16.7% -20
Slide 12: Net Income and ROIC
NET INCOME AND ROIC NET INCOME – 3Q19 vs. 3Q18 and 9M19 vs. 9M18 12.3% 11.8% 11.6% 9.9% 106.0 -7.5% 98.0 5.8% 39.5 41.8 3Q18 3Q19 9M18 9M19 Net Income % of Net Revenue Net Income % of Net Revenue AJUSTED ROIC 40.4% 23.2% 18.1% 18.9% 2016 2017 2018 3Q19 LTM 12
Slide 13: EBITDA Margin
EBITDA MARGIN 3Q19 vs. 3Q18 18.0% 17.0% 17.7% 54.9 64.6 3Q18 3Q19 EBITDA EBITDA Margin 9M19 vs. 9M18 16.6% 16.5% 148.9 9.0% 162.3 9M18 9M19 EBITDA EBITDA Margin 13
Slide 14: CAPEX
CAPEX ADDITIONS TO PROPERTY, PLANT AND EQUIPAMENT AND INTANGIBLE ASSETS Var. % Var. % R$ Million 3Q19 3Q18 9M19 9M18 3Q19/3Q18 9M19/9M18 Molds 11.9 10.3 15.5% 35.9 31.7 13.2% Machinery and equipment 18.9 6.5 190.8% 32.1 28.7 11.8% I ndustrial facilities 8.0 4.6 73.9% 20.4 12.0 70.0% Others 1.8 2.1 -
Slide 15: Cash Flow
CASH FLOW CASH FLOW – 9M19 6.9 22.9 78.8 2.4 162.3 95.8 15.4 12.9 71.1 57.9 Initial Cash Balance EBITDA Other Revenues (1) Long-term Liabilities Increased Working Net Financial PP&E / Intangible Decrease in Bank Other Expenses (2) Closing Cash Capital requirement Income Assets Liabilities Balance PP
Slide 16: Investor Relations
INVESTOR RELATIONS Wagner Dantas da Silva Chief Administrative and Financial Officer and Investor Relations Officer Phone: (11) 5225-9500 E-mail: dri@vulcabras.com.br Site: http://vulcabrasazaleiari.com.br/ 16