Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex — Q1 2018 Earnings Presentation
13 slides from Eucatex S.a. Industria E Comercio's earnings presentation, May 9, 2018
Slide 1: 1Q18 Eucatex Group Presentation
1Q18 Eucatex Group Presentation May 9, 2018
Slide 2: Highlights
Highlights Net Revenue • 1Q18: R$303.9 million, 7.3% higher Recurring EBITDA • 1Q18: R$51.5 million, an increase of 13.9% Recurring EBITDA Margin • 1Q18: 17.0%, up 1.0 p.p. Recurring Net Income • 1Q18: R$5.2 million, down 46.6% Material Fact - Exchange of Assets between Eucatex and Duratex • Submitt
Slide 3: Construction - ABRAMAT Index - Domestic Market
Construction ABRAMAT Index - Domestic Market From 2013 to 1Q18, the index accumulated a fall of 29.2%. Source: ABRAMAT 3
Slide 4: Evolution of Supply and Demand in Domestic Panel Market - Quarter
Evolution of Supply and Demand in Domestic Panel Market - Quarter Effective Installed Capacity (Fiberboard + MDF + MDP) vs. Production % Variation 1Q17 x 1Q18 Fiberboard MDP MDF Total Total -1.2% 10.9% 0.7% 4.5% Domestic Market -17.9% 9.2% -0.1% 3.1% Exports 31.4% 23.2% 4.9% 12.9% Source: Eucatex Es
Slide 5: Operating Data - Net Revenue
Operating Data Net Revenue 1Q17 1Q18 Var R$283.1 million R$303.9 million 7.3% Distribution by Product - 1Q18 Distribution by Segment - 1Q18 5
Slide 6: Wood Segment Net Revenue
Wood Segment Net Revenue 1Q17 1Q18 Var R$204.7 million R$222.9 million 8.9% Total Market ('000 m³) DOMESTIC + EXPORT MARKETS -2.5% 4.5% Market Source: IBÁ 6
Slide 7: Wood Segment
Wood Segment Installed Capacity Utilization - 1Q18 Breakdown of Costs - 1Q18 All Panels Resin Panels Non-Resin Panels (Fiberboard) 7
Slide 8: Paint Segment
Paint Segment Market - Million Gallons Net Revenue 1Q17 1Q18 Var R$59.4 million R$60.9 million 2.6% Breakdown of Costs - 1Q18 Variation 1Q18 vs. 1Q17 Eucatex 2.4% Market -2.6% Source: Eucatex Installed Capacity Utilization 49% 1T18 1Q18 Total Capacity - 36 million gallons/year 8
Slide 9: Financial Data
Financial Data Highlights (R$ million) 1Q18 V.A. % 1Q17 V.A. % Var. (%) Net Revenue 303.9 100.0% 283.1 100.0% 7.3% Fair value of biological assets (0.6) -0.2% 4.5 1.6% -114.2% Cost of products sold (227.5) -74.9% (215.4) -76.1% 5.6% Gross income 75.7 72.2 5.0% Gross Margin (%) 24.9% 25.5% -0.6 p.p.
Slide 10: Debt
Debt Debt (R$ Million) 1Q18 2017 Var. (%) 1Q17 Var. (%) Short Term Debt 251.9 245.2 2.7% 232.4 8.4% Long Term Debt 101.1 106.1 -4.7% 121.5 -16.8% Gross Debt 353.0 351.3 0.5% 353.9 -0.3% Cash and Cash Equivalents 21.7 20.3 6.7% 26.5 -18.1% Net Debt 331.3 331.0 0.1% 327.4 1.2% % Short Term Debt 71% 70
Slide 11: Investments
Investments Investments Made Planned for 2018 R$96 million 11
Slide 12: Sustainability - Forestry
Sustainability - Forestry 75 farms Average Radius for eucalyptus plantation, Salto Botucatu totaling 102 km 82 km 45,800 hectares Newly Planted Forests and Seedling Management (ha) 12
Slide 13: José Antonio G. de Carvalho, Executive Vice-President and IRO
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