Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex — Q2 2013 Earnings Presentation
13 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 8, 2013
Slide 1: 2Q13 Results
> 5, fe 2Q13 Results | @ euUCcateEDc August 8, 2013
Slide 2: 2Q13 General Highlights
Eucatex Group 2Q13 General Highlights Net Revenue – R$279.5 million, up 21.3% Recurring EBITDA – R$59.9 million, up 38.3% EBITDA Margin – 21.4%, expansion of 2.6 pp Net Income – R$25.0 million, up 74.6% 2
Slide 3: Operating Data – Net Revenue
Operating Data – Net Revenue Breakdown by Product Breakdown by Segment Other Export Laminated 2% Market Flooring Retail 6% 12% MDP 24% 13% Furniture Paints and Industry Varnishes 40% 20% T-HDF/MDF Civil 24% Construction Fiberboard 18% 41% 3
Slide 4: Fiberboard
139 118 120 130 Fiberboard 114 110 106 Total Market (‘000 m³) 104 100 100 92.4 87.9 Net Revenue 2Q12 2Q13 Var R$48.1 million R$50.7 million 5.3% 1T06 1T07 2Q12 1T08 1T09 2Q13 1T10 Source: ABIPA Eucatex Mercado Market Installed Capacity Utilization Breakdown of Costs Thermal Power 6% Electricity Depr
Slide 5: T-HDF / MDF
139 120 130 T-HDF / MDF 118 114 110 T-HDF + MDF Market ('000 m³) 106 104 100 100 959.5 889.1 Net Revenue 2Q12 2Q13 Var R$46.8 million R$65.9 million 40.8% 1T06 1T07 1T08 1T09 1T10 2Q12 2Q13 Installed Capacity Utilization Source: ABIPA Eucatex Mercado Market Breakdown of Costs Thermal Power Electrici
Slide 6: MDP
MDP 139 130 120 118 114 110 Market ('000106 m³) 104 100 100 786.,9 828.5 Net Revenue 2Q12 2Q13 Var R$57.6 million R$67.6 million 17.3% 1T06 1T07 1T08 1T09 1T10 2Q12 2Q13 Installed Capacity Utilization Source: ABIPA Eucatex Market Mercado Breakdown of Costs Thermal Electricity Power Labor 6% 5% Depre
Slide 7: Laminated Flooring Net Revenue
Laminated 130 Flooring 139 120 118 110 Market ('000 m²) 114 106 104 100 3,258.5 100 Net Revenue 2,726.7 2Q12 2Q13 Var R$24.6 million R$33.1 million 34.8% 1T06 1T07 1T08 1T09 1T10 Installed Capacity Utilization 2Q12 2Q13 Source: ABIPLAR Eucatex Mercado Market Breakdown of Costs Labor Electricity Ther
Slide 8: Paints and Varnishes
139 120 Paints 130 and Varnishes 118 114 110 Market – Million106 gallons 104 100 100 266.5 262.4 Net Revenue 2Q12 2Q13 Var R$48.4 million R$57.0 million 17.9% 1T06 1T07 1T08 1T09 1T10 2Q12 2Q13 Installed Capacity Utilization Source: Eucatex Eucatex Mercado Market Breakdown of Costs Labor Electricity
Slide 9: Financial Data
Financial Data Highlights (R$ million) 2Q13 V.A. % 2Q12 V.A. % Var. (%) 1H13 V.A. % 1H12 V.A. % Var. (%) Net Revenue 279.5 100.0% 230.5 100.0% 21.3% 532.2 100.0% 449.4 100.0% 18.4% Fair value of biological assets 11.1 4.0% 11.3 4.9% 1.7% 22.4 4.2% 22.2 4.9% -0.7% Cost of products sold (194.8) -69.7%
Slide 10: Debt
Debt Debt (R$ Million) 1H13 1H12 Var. (%) 2012 Var. (%) Short Term Debt 132.7 135.9 -2.4% 146.9 -9.7% Long Term Debt 141.8 151.5 -6.4% 126.9 11.8% Gross Debt 274.5 287.4 -4.5% 273.8 0.3% Cash and Cash Equivalents 7.0 21.6 -67.7% 6.9 1.3% Net Debt 267.5 265.8 0.6% 266.9 0.2% % Short Term Debt 48% 47%
Slide 11: Capex
Capex Capex in 2Q13 R$ 27.2 million Ancillary equipment for T - HDF/MDF Sustainability - Production Forests Sustainability 50% 50% Sustainability - Forests Capex for 2013 R$90 million 11
Slide 12: Sustainability – Forests and Recycling
Sustainability – Forests and Recycling Average Radius Total Processing Capacity - Recycling 74 farms with eucalyptus Equivalent to Salto Botucatu Ton/Year plantations totaling Trees Forests 45,800 hectares 151 km 48 Km 240,000 ton 2 million / year 1,500 hectares Volume Processed (ton) - Recycling Ne
Slide 13: IR Contacts
IR Contacts José Antonio G. de Carvalho Executive VP and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations (55 11) 3049-2473 ri@eucatex.com.br www.eucatex.com.br/ir