Syn Prop e Tech SA · BMFBOVESPA:SYNE3
Syn Prop e Tech SA — Vulcabras Azaleia — Q1 2019 Earnings Presentation
16 slides from Syn Prop e Tech SA's earnings presentation
Slide 1: Earnings Presentation 1Q19
Earnings Presentation 1Q19 Vulcabras Azaleia azaleia — dijean So OPANKA > 4 V ne 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 and Investor Relations Officer André de Camargo Bartelle 1st Vice Chairman Wagner Dantas da Silva Chief Administrative and Financial Officer 3
Slide 4: Highlights
HIGHLIGHTS Net Revenue: R$ 299.8 million in 1Q19, growth of 2.7% compared to 1Q18. Gross Profit: R$ 102.0 million in 1Q19, growth of 1.6% compared to 1Q18. Gross Margin: 34.0% in 1Q19, down 0.4 p.p.in relation to 1Q18. Net Income: R$ 26.2 million in 1Q19 vs. R$ 33.4 million in 1Q18, down 21.
Slide 5: Gross Volume
GROSS VOLUME Gross Volume: Pairs and clothing itens/ thousand QUARTER : 1Q19 vs. 1Q18 1Q18 1Q19 3,443 3,271 1,222 1,258 715 778 234 625 Athletic footwear Women footwear Other footwear and Apparel and other Accessories Share Share Var. % Pairs and itens (thousand) 1Q19 1Q18 % % 1Q19/1Q18 Athletic foo
Slide 6: Net Operating Revenue: Category
NET OPERATING REVENUE: CATEGORY NET REVENUE – 1Q19 vs. 1Q18 1Q18 1Q19 227.5 223.9 22.5 41.2 38.1 15.3 15.3 8.0 Athletic footwear Women footwear Other footwear and Apparel and other Accessories Share Share Var. % R$ Million 1Q19 1Q18 % % 1Q19/1Q18 Athletic footwear 223.9 74.7% 227.5 77.9% -1.6% Women
Slide 7: Net Operating Revenue: Markets
NET OPERATING REVENUE: MARKETS PARTICIPATION – 1Q19 8.2% Domestic Market Foreign Market 91.8% Share Share Var. % R$ Million 1Q19 1Q18 % % 1Q19/1Q18 Domestic Market 275.1 91.8% 254.7 87.2% 8.0% Foreign Market 24.7 8.2% 37.3 12.8% -33.8% Total Net Revenue 299.8 100.0% 292.0 100.0% 2.7% 7
Slide 8: Gross Profit
GROSS PROFIT 1Q19 vs. 1Q18 34.4% 34.0% 1.6% 100.4 102.0 1Q18 1Q19 Gross profit Gross margin % 8
Slide 9: Selling and Advertising Expenses
SELLING AND ADVERTISING EXPENSES SELLING EXPENSES1 – 1Q19 vs. 1Q18 ADVERTISING AND MARKTING EXPENSES – 1Q19 vs. 1Q18 9 1 Selling Expenses ex-advertising and marketing.
Slide 10: General and Administrative Expenses
GENERAL AND ADMINISTRATIVE EXPENSES 1Q19 vs. 1Q18 10
Slide 11: Net Financial Income and Net Debt
NET FINANCIAL INCOME AND NET DEBT NET FINANCIAL INCOME Var. % R$ Million 1Q19 1Q18 1Q19/1Q18 Capital structure -1.5 -2.2 -31.8% Operating -2.4 -2.4 0.0% Exchange differences -3.4 -2.3 47.8% Financial Costs -7.3 -6.9 5.8% Capital structure 1.5 2.0 -25.0% Operating 0.7 0.3 133.3% Exchange differences
Slide 12: Net Income and ROIC
NET INCOME AND ROIC NET INCOME – 1Q19 vs. 1Q18 11.4% 8.7% -21.6% 33.4 26.2 1Q18 1Q19 Net Income % of Net Revenue AJUSTED ROIC 12
Slide 13: EBITDA Margin
EBITDA MARGIN 1Q19 vs. 1Q18 17.1% 15.7% 49.8 -5.4% 47.1 1Q18 1Q19 EBITDA EBITDA Margin 13
Slide 14: Capex
CAPEX ADDITIONS TO PROPERTY, PLANT AND EQUIPAMENT AND INTANGIBLE ASSETS Var. % R$ Million 1Q19 1Q18 1Q19/1Q18 Molds 12.3 10.7 15.0% Machinery and equipment 6.6 9.9 -33.3% I ndustrial facilities 4.5 3.8 18.4% Others 1.0 2.6 -61.5% Property, plant and equipment 24.4 27.0 -9.6% Softw are 0.1 0.9 -88.9%
Slide 15: Cash Flow
CASH FLOW CASH FLOW – 1T19 PP&E - Property, plant and equipment *Other Revenues = Sale of fixed assets: R$ 2.8 million. ** Other Expenses: Income tax: R$ 0.1 million+ Payment of financial lease liabilities: R$ 3.1 million. 15
Slide 16: Investor Relations
INVESTOR RELATIONS Pedro Bartelle Chief Executive Officer and Investor Relations Officer Phone: (11) 5225-9500 E-mail: dri@vulcabras.com.br Site: http://vulcabrasazaleiari.com.br/ 16