Syn Prop e Tech SA · BMFBOVESPA:SYNE3
Syn Prop e Tech SA — Vulcabras Azaleia — Q1 2020 Earnings Presentation
16 slides from Syn Prop e Tech SA's earnings presentation
Slide 1: Earnings Presentation 1Q20
Earnings Presentation 1Q20 Vulcabras Azaleia . . Botas azaleia dijjean SS2> OPANKR +4 Weicker UNDER ARMOUR.
Slide 2: Disclaimer
DISCLAIMER This presentation contains statements that can represent expectations about future events or results. These statements are based on certain suppositions and analyses made by the company in accordance with its experience, with the economic environment and market conditions, and expected fu
Slide 3: Participants
PARTICIPANTS Pedro Bartelle Chief Executive Officer Wagner Dantas da Silva Chief Administrative and Financial Officer and Investor Relations Officer 3
Slide 4: Highlights
HIGHLIGHTS • Gross Volume: 4.7 million pairs/pieces in 1Q20, down 20.1% over 1Q19. • Net Revenue: R$ 238.6 million in 1Q20, a reduction of 20.4% compared to 1Q19. • Gross Profit: R$ 77.1 million in 1Q20, a decrease of 24.4% compared to 1Q19. • Gross Margin: 32.3% in 1Q20, down 1.7% in relation to 1Q
Slide 5: Gross Volume
GROSS VOLUME Gross Volume: Pairs and clothing itens/ thousand QUARTER: 1Q20 vs. 1Q19 Share Share Var. % Pairs and itens (thousand) 1Q20 1Q19 % % 1Q20/1Q19 Athletic footwear 2,664 56.2% 3,271 55.1% -18.6% Women footwear 909 19.2% 1,258 21.2% -27.7% Other footwear and other (1) 514 10.8% 778 13.1% -33
Slide 6: Net Operating Revenue: Category
NET OPERATING REVENUE: CATEGORY NOR: 1Q20 vs. 1Q19 Share Share Var. % R$ Million 1Q20 1Q19 % % 1Q20/1Q19 Athletic footwear 178.1 74.6% 223.9 74.7% -20.5% Women footwear 30.1 12.6% 38.1 12.7% -21.0% (1) Other footwear and other 10.8 4.5% 15.3 5.1% -29.4% Apparel and Accessories 19.6 8.3% 22.5 7.5% -1
Slide 7: Net Operating Revenue: Markets
NET OPERATING REVENUE: MARKETS SHARE BY MARKET – 1Q20 Share Share Var. % R$ Million 1Q20 1Q19 % % 1Q20/1Q19 Domestic Market 203.5 85.3% 275.1 91.8% -26.0% Foreign Market 35.1 14.7% 24.7 8.2% 42.1% Total Net Revenue 238.6 100.0% 299.8 100.0% -20.4% 7
Slide 8: Gross Profit
A VUeabras Azadi 1Q20 vs. 1Q19 1Q20 —e— Gross margin %
Slide 9: Selling and Advertising Expenses
SELLING AND ADVERTISING EXPENSES SELLING EXPENSES1 – 1Q20 vs. 1Q19 ADVERTISING AND MARKTING EXPENSES – 1Q20 vs. 1Q19 9 (1) Selling Expenses ex-advertising and marketing.
Slide 10: General and Administrative Expenses
GENERAL AND ADMINISTRATIVE EXPENSES 1Q20 vs. 1Q19 10
Slide 11: Net Financial Income and Net Debt
NET FINANCIAL INCOME AND NET DEBT NET FINANCIAL INCOME Var. % R$ Million 1Q20 1Q19 1Q20/1Q19 Capital structure -2.5 -1.5 66.7% Operating -2.2 -2.4 -8.3% Exchange differences -5.1 -3.4 50.0% Financial Costs -9.8 -7.3 34.2% Capital structure 1.0 1.5 -33.3% Operating 2.3 0.7 228.6% Exchange differences
Slide 12: Net Income and ROIC
NET INCOME AND ROIC NET INCOME – 1Q20 vs. 1Q19 AJUSTED ROIC 12
Slide 13: EBITDA Margin
EBITDA MARGIN 1Q20 vs. 1Q19 13
Slide 14: Capex
CAPEX ADDITIONS TO PROPERTY, PLANT AND EQUIPAMENT AND INTANGIBLE ASSETS 14
Slide 15: Cash Flow
CASH FLOW CASH FLOW – 1T20 PP&E - Property, plant and equipment (1) Other Revenues: Sale/Write-off of fixed and intangible assets + Stock Options. 15 (2) Other Expenses: Income Taxes + Effect from translation of foreign investees’ accounts + Payment of finance lease liabilities.
Slide 16: Investor Relations
INVESTOR RELATIONS Wagner Dantas da Silva Chief Administrative and Financial Officer and Investor Relations Officer Phone: (11) 5225-9500 E-mail: dri@vulcabras.com.br Site: http://vulcabrasazaleiari.com.br/ 16