Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q4 2014 Earnings Presentation
15 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Mar 5, 2015
Slide 1: Eucatex Group Presentation 4Q14 Results
Eucatex Group Presentation 4Q14 Results March 5, 2015
Slide 2: 4Q14 Highlights
Eucatex Group 4Q14 Highlights Net Revenue R$ 299.6 million, growth of 2.2% Recurring EBITDA R$ 60.5 million, increase of 6.6% EBITDA Margin 20.2%, expansion of 0.8 p.p. Resin Consumption Reduction by approximately 20% in the T-HDF/MDF line Thermal Power 30% lower generation costs New Lacquer line in
Slide 3: Eucatex Group
Eucatex Group Founded in 1951 Segments: Furniture, Retail, Construction and Exports Subsidiary in Atlanta, USA 77 eucalyptus farms totaling 46,100 hectares 2,423 Employees MDP and Laminated Fiberboard T-HDF/MDF Paints and Varnishes Seedlings Nursery Flooring Salto/SP Salto/SP Botucatu/SP S
Slide 4: Operating Data - Net Revenue
Operating Data Net Revenue 4Q13 4Q14 Var 2013 2014 Var R$ 293.1 million R$ 299.6 million 2.2% R$ 1,118.3 million R$ 1,114.7 million -0.3% Distribution by Product Distribution by Segment 4
Slide 5: Construction
Construction ABRAMAT Index – Domestic Market Source: ABRAMAT 5
Slide 6: Furniture Industry
Furniture Industry Effective Installed Capacity (Fiberboard + MDF + MDP) vs. Production Indicator CAGR GDP (2014 Estimated) 1.4% Capacity 6.8% Production 4.0% GDP Estimate (Tendências Consultoria) 2014 ~ -0.1% 2015 ~ -1.2% Source: Eucatex Estimate 6
Slide 7: Wood Segment Net Revenue
Wood Segment Net Revenue 4Q13 4Q14 Var R$ 218.2 million R$ 207.5 million -4.9% 2013 2014 Var R$ 858.5 million R$ 821.8 million -4.3% 139 138 130 Total 120 Market ('000 m³) 118 DOMESTIC + EXPORT MARKET 114 110 106 108 104 100 100 1T06 1T07 1T08 1T09 1T10 1T11 Source: IBÁ Eucatex Mercado Market 7
Slide 8: Wood Segment
Wood Segment Installed Capacity Utilization – 4Q14 10% 76% 81% 80% 55% Chapa de Fibra Fiberboard T-HDF/MDF T-HDF/MDF MDPMDPandeflooring Pisos Pisos Laminados Laminated Flooring (240 mil m³/ano) (240,000m³/year) (275,000 (275 milm³/year) m³/ano) (430 milm³/year) (430,000 m³/ano) (12 (12 million milhõ
Slide 9: Paint Segment
Paint Segment Market – Million Gallons Net Revenue 4Q13 4Q14 Var R$ 65.7 million R$ 71.4 million 8.6% 2013 2014 Var R$ 233.7 million R$ 251.1 million 7.4% Source: Eucatex Eucatex Market Installed Capacity Utilization Breakdown of Costs – 4Q14 65% 4T14 4Q14 Total Capacity – 36 million gallons / yea
Slide 10: Financial Data
Financial Data Net Revenue / Employee (R$) SG&A (R$ million) and SG&A / Net Revenue (%) Gross Income (R$ million) and Gross Margin (%) EBITDA (R$ million) and EBITDA Margin (%) 10
Slide 11: Financial Data
Financial Data Highlights (R$ million) 4Q14 V.A. % 4Q13 V.A. % Var. (%) 2014 V.A. % 2013 V.A. % Var. (%) Net Revenue 299.6 100.0% 293.1 100.0% 2.2% 1,114.7 100.0% 1,118.3 100.0% -0.3% Fair value of biological assets 10.1 3.4% 16.2 5.5% -37.6% 43.3 3.9% 49.1 4.4% -11.9% Cost of products sold (214.1)
Slide 12: Debt
Debt Debt (R$ Million) 2014 2013 Var. (%) Short Term Debt 141.2 121.1 16.6% Long Term Debt 172.9 182.7 -5.3% Gross Debt 314.1 303.8 3.4% Cash and Cash Equivalents 21.1 20.7 1.7% Net Debt 293.0 283.1 3.5% % Short Term Debt 45% 40% 5.1 p.p. Net Cash (Debt)/EBITDA 1.4 1.2 15.6% Official exchange rate (
Slide 13: Investments Made
Capex Planned for 2015 Investments Made R$ 94 million 13.9 14.2 2.1 4.1 1.3 1.4 10.2 7.9 2.3 1.9 13
Slide 14: Sustainability – Forestry and Recycling
Sustainability – Forestry and Recycling 77 farms with Average Radius Total Processing Capacity - Recycling planted Equivalent to eucalyptus Salto Botucatu Ton/Year forests, totaling Trees Forests 46,100 166 km 65 Km 240,000 ton 2 million / year 1,500 hectares hectares Volume Processed (ton) - Recycl
Slide 15: Investor Relations Contact
José Antonio G. de Carvalho Executive VP and IRO Waneska Bandeira Investor Relations (55 11) 3049-2473 ri@eucatex.com.br www.eucatex.com.br/ri