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

Eucatex S.a. Industria E Comercio — Eucatex Group — Q2 2012 Earnings Presentation

15 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 9, 2012

  1. Slide 1: 2Q12 Results

    Eucatex Group 2Q12 Results August 9, 2012

  2. Slide 2: Eucatex Group

    Eucatex Group Founded in 1951 Net Revenue Segments – Furniture Industry, Resale, Civil Construction 2Q11 2Q12 % Var and Exports R$ 227.0 million R$ 230.5 million 1.6% Subsidiary in Atlanta – USA 1H11 1H12 % Var 73 eucalyptus plantations – total of 45,800 hectares R$ 430.8 million R$ 449.4 million 4.

  3. Slide 3: Operational Data

    Operational Data Breakdown by Product Breakdown by Segment R$ 230.5 Million R$ 230.5 Million R$ 227.0 Million R$ 227.0 Million 4% 6% MDP 10% 9% 25% 25% Exports T-HDF/MDF Paint and varnish Resale 41% 41% 19% 21% Fiberboard Civil Construction Laminate flooring Furniture Industry 18% 21% Other 21% 46%

  4. Slide 4: Fiberboard

    Fiberboard Net Revenue Installed Capacity Utilization 2Q11 2Q12 Var  Total Capacity – 240,000 m³ / year R$ 46.2 million R$ 47.0 million 1.7% 1H11 1H12 Var R$ 96.7 million R$ 88.6 million -8.6% 2Q12 2T12 80% Market Share MI 2Q11 2Q12 Var 1H11 1H12 Var 139 45% 45% - 49% 44% -5pp 130 120 118 114 Break

  5. Slide 5: T-HDF / MDF

    T-HDF / MDF Net Revenue Installed Capacity Utilization 2Q11 2Q12 Var  Total Capacity – 275,000 m³ / year R$ 42.4 million R$ 48.1 million 13.3% 1H11 1H12 Var R$ 67.9 million R$ 98.4 million 44.9% Market Share – MDF 2Q11 2Q12 Var 1H11 1H12 Var 2T12 2Q12 66% 2% 3% 1pp 3% 3% - Market Share – T-HDF 2Q11

  6. Slide 6: MDP

    MDP Net Revenue Installed Capacity Utilization 2Q11 2Q12 Var  Total Capacity – 430,000 m³ / year R$ 57.1 million R$ 57.6 million 0.9% 1H11 1H12 Var R$ 108.4 million R$ 113.8 million 4.9% Market Share 2Q11 2Q12 Var 1H11 1H12 Var 2Q12 2T12 83% 90% 12% 10% -2pp 12% 10% -2pp % of Coated 2Q11 2Q12 Var 1

  7. Slide 7: Laminated Flooring

    Laminated Flooring Net Revenue Installed Capacity Utilization  Total Capacity – 6 million m² / year 2Q11 2Q12 Var R$ 25.5 million R$ 25.1 million -1.6% 1H11 1H12 Var R$ 47.9 million R$ 48.6 million 1.5% 2Q12 2T12 70% Market Share 2Q11 2Q12 Var 1H11 1H12 Var 139 39% 37% -2pp 38% 37% -1pp 130 120 Bre

  8. Slide 8: Paint and Varnish

    Paint and Varnish Net Revenue Installed Capacity Utilization 2Q11 2Q12 Var  Total Capacity – 36 million gallons / year R$ 41.3 million R$ 48.4 million 17.0% 1H11 1H12 Var R$ 87.2 million R$ 94.2 million 8.8% 2T12 2Q12 54% Market Share 2Q11 2Q12 Var 1H11 1H12 Var 139 6% 7% 1pp 7% 7% - 130 120 Breakd

  9. Slide 9: Financial Data

    Financial Data Highlights (R$ MM) 2Q12 A.V. % 2Q11 A.V. % Var. (%) 1H12 A.V. % 1S11 1H11 Var. (%) Net Revenues 230.5 100.0% 227.0 100.0% 1.6% 449.4 100.0% 430.8 100.0% 4.3% Fair Value Variation Related to Biologic Assets 11.3 4.9% 10.4 4.6% -8.4% 22.2 4.9% 21.6 5.0% -2.9% Cost of Goods Sold (165.5)

  10. Slide 10: Debt

    Debt Debt (R$ MM) 1H12 1H11 Var. (%) Issue of Debentures Short Term Debt 135.9 87.0 56.1%  Approved by ESM on April 18, 2012 Long Term Debt 151.5 62.8 141.2%  Public issue of 7,500 simple debentures Gross Debt 287.4 149.9 91.8%  Not convertible into shares Cash and Cash Equivalents 21.6 3.7 488.6

  11. Slide 11: Investments

    Investments Investments in 2Q12 Forest 32% 37.5 Sustentation 34% 30.4 2Q11 2Q12 Investments 34% Investments for 2012 R$ 90 million 11

  12. Slide 12: Sustainability

    Sustainability Average Radius Evolução New da Produtividade em Novas Forest Productivity Florestas Growth IMA (m³/ha ano) 73 eucalyptus plantations, totaling IMA (m³/year) Salto Botucatu 45,800 hectares 57 122 km 25 Km 55 50 48 44 Newly Planted Forests 35 30 2008 2009 2010 2011 1S12 25 4,500 ha 2,04

  13. Slide 13: Capital Markets

    Capital Markets EUCA4 x IBOVESPA (100 Basis) 23% -11% Ibovespa Eucatex Multiples Evolution of Shareholders’ Equity 1200 Market Value / Book Value per Share 0.6 1000 EV / EBITDA 5.5 800 R$ milhões 600 SE 11.1 400 200 0 Sep-06 Dec-08 Dec-09 Dec-10 Dec-11 Jun-12 Shareholders Equity R$ million 13.7 531.

  14. Slide 14: IR Contacts

    IR Contacts José Antonio G. de Carvalho Vice-CEO and Investor Relations Officer Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations 55 (11) 3049-2473 ri@eucatex.com.br www.eucatex.com.br/ir 14

  15. Slide 15: Disclaimer

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

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