Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3

Eucatex S.a. Industria E Comercio — Q1 2011 Earnings Presentation

16 slides from Eucatex S.a. Industria E Comercio's earnings presentation, May 12, 2011

  1. Slide 1: 1Q11 Results

    © eUCateED 1Q11 Results May 12, 2011 6O eucatex

  2. Slide 2: 1Q11 Highlights

    1Q11 Highlights Gross Revenue of R$ 254 million, up 11.4% from R$ 228 million in 1Q10; Gross Margin of 30.4% in 1Q11, versus 33.1% in 1Q10; EBITDA of R$ 42.2 million, or 20.7% , versus R$ 43.3 million, or 23.7%, in 1Q10; Net Income of R$ 24.4 million, up 19.5% from R$ 20.4 million in 1Q10; and Insta

  3. Slide 3: Fiberboard

    Fiberboard Capacity Utilization  Gross Revenue in 1Q11 – R$ 68.7 million  Hardboard – 240,000 m³ / year  Wall Partitions and Doors – 1.8 million parts / year 86% 84%  Painting capacity – 50 million m² / year 1Q10 1Q11 Market Share – Domestic Market Sales Volume (Domestic) – Base 100 –2008 100 10

  4. Slide 4: T-HDF / MDF

    T-HDF / MDF Capacity Utilization  Gross Revenue in 1Q11 – R$ 25.2 million  T-HDF/MDF – 275,000 m³ / year 39% 1Q11 Market Share Evolution of Capacity Utilization Period % Volume (m³) 1 - 12 months 65% 179,000 m³ / year 1Q11 4% 13 - 24 months 85% 234,000 m³/ year 24 - 36 months 100% 275,000 m³/ year

  5. Slide 5: MDP

    MDP Capacity Utilization  Gross Revenue in 1Q11 – R$ 65.3 million  MDP – 430,000 m³ / year  LP Finishing and Lacca – 20 million m² / year 86% 86%  Eucatex’s Coated Products Percentage – 93%  Market’s Coated Products Percentage – 21% 1Q10 1Q11 Market Share Sales Volume – Base 100 – 2008 107 106

  6. Slide 6: Laminate Flooring

    Laminate Flooring Capacity Utilization  Gross Revenue in 1Q11 – R$ 28.0 million  Laminate Flooring – 6 million m² / year  New Laminate Flooring Line expected to be launched in 4Q11 63% 54% 1Q10 1Q11 Market Share Sales Volume – Base 100 – 2008 139 128 1Q11 37% 121 112 100 100 88 78 1Q10 36% 1Q08 1

  7. Slide 7: Paint and Varnish

    Paint and Varnish Capacity Utilization  Gross Revenue in 1Q11 – R$ 55.4 million  Paint and Varnish – 36 million gallons / year  Inauguration of new Paint Plant (Pernambuco) estimated for 3Q11 52% 53%  Beginning of earthworks project 1Q10 1Q11  Ordering of equipment Market Share Sales Volume – B

  8. Slide 8: Operating Data

    Operating Data Revenue by Product 1Q11 1Q10 MDP 4% 6% 11% MDF 11% 26% 31% Hardboard 22% Paint and Varnish 22% 10% Laminate Flooring Others 30% 27% Sales by Segment 1Q11 1Q10 2% 2% Industries 46% Construction 47% 52% 51% Foreign Market 8

  9. Slide 9: Sustainability

    Sustainability Forests Forest Unit – Bofete/SP Average Radius New Forests Planted Salto Botucatu 2007 2008 2009 2010 1T11 71 farms with eucalyptus plantations, totaling 45,900 hectares 118 km 39 Km 5.400 ha 4.500 ha 2.040 ha 4.080 ha 904 ha Forests with ISO certification 14001 and Green Seal granted

  10. Slide 10: Financial Data

    Financial Data Highlights 1Q10 (R$ MM) 1Q11 1Q10 Var. (%) Net Revenue 203.9 182.9 11.5% Cost of Good Sold (141.9) (122.4) 15.9% Gross Income 62.0 60.5 2.5% Gross Margin (%) 30.4% 33.1% -2.7 p.p. Administrative Expenses (10.9) (10.2) 6.9% Comercial Expenses (30.7) (25.9) 18.5% Others Operational Cost

  11. Slide 11: Capex

    Capex Investments forecast for 2011 1Q11 Investments R$ Million 1Q11  New Laminated Flooring Line – Botucatu/SP New T-HDF/MDF Line/Other Releated Projects 21.2 Forests 7.4  Line of Paint – Salto/SP Sustentation 8.8  LP Press Line – Salto/SP Total 37.3  Doors and Wall Partitions Line - Salto/SP S

  12. Slide 12: Debt

    Debt Debt (R$ MM) 1Q11 4Q10 1Q10 Short Term Debt 104.0 100.7 60.3 Long Term Debt 68.8 60.4 89.8 Gross Debt 172.7 161.2 150.1 Cash and Cash Equivalents 34.4 5.5 11.8 Net Debt 138.3 155.7 138.3 % Short Term Debt 60% 62% 40% Net Debt/ EBITDA 0.7 1.0 0.8 Net Debt vs. EBITDA Debt Profile 1.0 x 0.8 x 0.8

  13. Slide 13: Capital Market

    Capital Market Performance: EUCA4 vs. IBOVESPA (Base 100) 330 280 176% 230 180 130 33% 80 Ibovespa Eucatex Ratios Shareholders’ Equity Trends 1000 900 Book Value per Share vs 0.9 800 700 Market Value R$ million 600 500 400 300 4.9 200 Market Cap vs Ebitda 100 0 sep/06 dec/08 dec/09 dec/10 mar/11 Sha

  14. Slide 14: Competitive Advantages

    Competitive Advantages Innovation, creativity and unique positioning. Strategic foothold in main consumer markets and national sales team. Partnerships with big foreign companies to supply products to global markets. Environmental responsibility: Green Seal (FSC) for all products, Environmental and

  15. Slide 15: IR Contact

    IR Contact José Antonio G. de Carvalho Executive VP and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations (11) 3049-2473 ri@eucatex.com.br www.eucatex.com.br/ir 15

  16. Slide 16: Disclaimer

    Disclaimer This presentation includes forward-looking statements concerning the business prospects, projections and operating and financial targets Eucatex S.A. Indústria e Comércio, which are based on the beliefs and assumptions of management and on the information currently available to the compan

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