Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q3 2016 Earnings Presentation
12 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Nov 10, 2016
Slide 1: Eucatex Group 3Q16 Earnings Presentation
Eucatex Group 3Q16 Earnings Presentation November 10, 2016
Slide 2: Highlights
Eucatex Group Highlights Net Revenue 3Q16: R$ 304.3 million, down 2.2% 9M16: R$ 859.9 million, up 0.7% Recurring EBITDA 3Q16: R$ 47.6 million, down 10.6% 9M16: R$ 139.1 million, down 7.8% Recurring EBITDA 3Q16: 15.7%, contraction of 1.4 pp Margin 9M16: 16.2%, contraction of 1.5 pp Recurring Net Inco
Slide 3: Operating Data: Net Revenue
Operating Data Net Revenue 3Q15 3Q16 Var 9M15 9M16 Var R$ 311.0 million R$ 304.3 million -2.2% R$ 853.8 million R$ 859.9 million 0.7% Distribution by Product – 9M16 Distribution by Segment – 9M16 3
Slide 4: Operating Data: Export Performance – 9M
Operating Data Export Performance – 9M Net Revenue – Base 100 - 2013 Share of Total Net Revenue CAGR: + 33.6% 238 191 100 106 15% 9% 12% 8% 9M13 9M13 9M14 9M14 9M15 9M15 9M16 9M16 9M13 9M13 9M14 9M14 9M15 9M15 9M16 9M16 4
Slide 5: Wood Segment: Net Revenue
Wood Segment Net Revenue 3Q15 3Q16 Var R$ 227.6 million R$ 208.7 million -8.3% 9M15 9M16 Var R$ 641.8 million R$ 621.1 million -3.2% 139 138 130 Total 120 Market (‘000 m³) 118 114 110 DOMESTIC + EXPORT MARKET 108 106 104 100 100 1T06 1T07 1T08 1T09 1T10 1T11 Source: IBÁ Eucatex Market Mercado 5
Slide 6: Wood Segment: Installed Capacity Utilization
Wood Segment Installed Capacity Utilization – 3Q16 11% 76% 82% 75% 50% 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 – 3Q16 All Panels Resin Panels Non-Resin Panels (Fiberboard) 6
Slide 7: Paint Segment: Net Revenue
Paint Segment Net Revenue Market – million gallons 3Q15 3Q16 Var R$ 70.0 million R$ 73.7 million 5.3% 9M15 9M16 Var R$ 188.0 million R$ 191.6 million 1.9% Change 3Q16 vs. 3Q15 9M16 vs. 9M15 Breakdown of Costs – 3Q16 Eucatex -1.3% -5.0% Market -7.8% -9.3% Source: Eucatex Installed Capacity Utilizatio
Slide 8: Financial Data
Financial Data Highlights (R$ million) 3Q16 V.A. % 3Q15 V.A. % Var. (%) 9M16 V.A. % 9M15 V.A. % Var. (%) Net Revenue 304.3 100.0% 311.0 100.0% -2.2% 859.9 100.0% 853.8 100.0% 0.7% Fair value of biological assets 7.2 2.4% 15.9 5.1% -54.9% 21.5 2.5% 35.5 4.2% -39.3% Cost of products sold (228.1) -75.0
Slide 9: Debt
Debt Debt (R$ million) 9M16 1H16 Var. (%) 9M15 Var. (%) Short Term Debt 227.8 195.1 16.8% 211.1 7.9% Long Term Debt 135.0 137.3 -1.6% 175.7 -23.2% Gross Debt 362.8 332.4 9.2% 386.8 -6.2% Cash and Cash Equivalents 24.3 25.6 -5.3% 18.9 28.4% Net Debt 338.6 306.8 10.4% 367.9 -8.0% % Short Term Debt 63%
Slide 10: Investments
Investments Investments Made Planned for 2016 R$80 million Other 1% Panel Forest Factories 48% 46% Paints 10.4 6.8 5% 1.9 2.5 0.6 0.2 9.8 10.4 1.3 2.2 10
Slide 11: Sustainability – Forestry and Recycling
Sustainability – Forestry and Recycling 79 farms with Average Radius Total Processing Capacity - Recycling planted Equivalent to eucalyptus Salto Botucatu Ton/Year forests, totaling Trees Forests 46,300 173 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