Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q1 2016 Earnings Presentation
12 slides from Eucatex S.a. Industria E Comercio's earnings presentation, May 12, 2016
Slide 1: Eucatex Group 1Q16 Earnings Presentation
Eucatex Group 1Q16 Earnings Presentation May 12, 2016
Slide 2: Highlights
Eucatex Group Highlights Net Revenue R$275.2 million, down 1.0% Recurring EBITDA R$40.2 million, down 16.0% Recurring EBITDA Margin 14.6%, for contraction of 2.6 pp Recurring Net Income R$11.0 million, growth of 160.6% Exports Increases of 56.3% in Volume and of 50.6% in Net Revenue 2
Slide 3: Operating Data: Net Revenue
Operating Data Net Revenue 1Q15 1Q16 Var R$275.2 million R$278.0 million -1.0% Distribution by Product Distribution by Segment 3
Slide 4: Operating Data: Export Performance
Operating Data Export Performance Net Revenue – Base 100 - 2013 Share of Total Net Revenue CAGR: + 48.4% 327 217 136 100 17% 9% 11% 7% 1Q13 1T13 1Q14 1T14 1Q15 1T15 1Q16 1T16 1Q13 1T13 1Q14 1T14 1Q15 1T15 1Q16 1T16 4
Slide 5: Wood Segment Net Revenue
Wood Segment Net Revenue 1Q15 1Q16 Var R$207.8 million R$206.2 million -0.8% 139 138 Total Market 130 (‘000 m³) 118 DOMESTIC 120 + EXPORT MARKET 114 110 106 108 104 100 100 1T06 1T07 1T08 1T09 1T10 1T11 Source IBÁ Eucatex Market Mercado 5
Slide 6: Wood Segment: Capacity Utilization and Costs
Wood Segment Installed Capacity Utilization – 1Q16 Breakdown of Costs – 1Q16 All Panels Resin Panels Non-Resin Panels (Fiberboard) 6
Slide 7: Paint Segment Net Revenue
Paint Segment Market – Million Gallons Net Revenue 1Q15 1Q16 Var R$62.9 million R$57.4 million -8.7% Source Eucatex Market Installed Capacity Utilization Breakdown of Costs – 1Q16 48% 1Q16 1T16 Total Capacity – 36 million gallons / year 7
Slide 8: Dados Financeiros
Dados Financeiros Highlights (R$ million) 1Q16 V.A. % 1Q15 V.A. % Var. (%) Net Revenue 275.2 100.0% 278.0 100.0% -1.0% Fair value of biological assets 7.4 2.7% 14.1 5.1% -47.1% Cost of products sold (209.7) -76.2% (206.6) -74.3% 1.5% Gross income 72.9 85.4 -14.6% Gross Margin (%) 26.5% 30.7% -4.2 p.
Slide 9: Debt
Debt Debt (R$ Million) 1Q16 2015 Var. (%) 1Q15 Var. (%) Short Term Debt 214.1 210.6 1.6% 159.5 34.2% Long Term Debt 126.3 140.9 -10.3% 177.2 -28.7% Gross Debt 340.4 351.5 -3.2% 336.7 1.1% Cash and Cash Equivalents 11.6 17.6 -34.0% 20.1 -42.3% Net Debt 328.8 333.9 -1.5% 316.6 3.9% % Short Term Debt 6
Slide 10: Investments
Investments Investments Made Planned for 2016 R$80 million Other 1% Panel Forest Factories 48% 46% Paints 5% 5.4 10.7 3.3 3.9 1.6 0.3 7.8 7.1 2.0 3.6 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 46,300 178 km 37 Km 240 mil ton 2 million / year 1.500 hectares hectares Volume Processed (ton) - Recycl
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