Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q3 2019 Earnings Presentation
15 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Nov 13, 2019
Slide 1: 3Q19 Eucatex Group Presentation
3Q19 Eucatex Group Presentation November 13, 2019
Slide 2: Eucatex Group Overview
Eucatex Group Overview About Eucatex Product Portfolio • Founded in 1951 with Serraria Americana, in São Paulo, SP WOOD SEGMENT PAINT SEGMENT • First Brazilian company to use eucalyptus to produce boards and panels Fiberboard MDP MDF/THDF Paints • 6 manufacturing units operating in the Furniture, Re
Slide 3: Manufacturing Units
Manufacturing Units Plants Location Botucatu/SP Botucatu/SP Salto/SP Salto/SP Salto/SP Cabo Sto. Agostinho/PE The only plant in Latin One of the most America capable of Inaugurated in Oct. modern in Latin First and largest Unit supplying the laminating paper Swapped with Duratex 2010, it is one of A
Slide 4: Highlights
Highlights Net Revenue • 3Q19: R$ 398.7 million, up 24.2% • 9M19: R$ 1.128.3 million, up 21.7% Recurring EBITDA • 3Q19: R$ 74.6 million, growth of 21.2% • 9M19: R$ 213.0 million, growth of 27.2% Recurring EBITDA Margin • 3Q19: 18.7%, contraction of 0.5 pp • 9M19: 18.9%, expansion of 0.8 pp Recurring
Slide 5: Construction Industry
Construction Industry ABRAMAT Index – Domestic Market Between 2013 and 9M19, the indicator is down 28.4%. Source: ABRAMAT 5
Slide 6: Evolution of Supply and Demand in Brazil's Panel Market – Quarter
Evolution of Supply and Demand in Brazil’s Panel Market – Quarter Effective Installed Capacity (Fiberboard + MDF + MDP) vs. Production % Var. 3Q18 vs. 3Q19 Total Total -4.3% Domestic Market 0.1% Export Market -26.3% % Var. 9M18 vs. 9M19 Total Total -0.9% Domestic Market 2.2% Export Market -16.1% Sou
Slide 7: Net Revenue
Operating Data Net Revenue 3Q18 3Q19 Var 9M18 9M19 Var R$ 321.2 million R$ 398.7 million 24.2% R$ 927.0 million R$ 1.128.3 million 21.7% Distribution by Product - 3Q19 Distribution by Segment - 3Q19 Eucatex has a diversified portfolio of products and operated in various segments, contributing with s
Slide 8: Wood Segment Net Revenue
Wood Segment Net Revenue 3Q18 3Q19 Var R$ 244.7 million R$ 287.8 million 17.6% 9M18 9M19 Var R$ 687.8 million R$ 837.9 million 21.8% Total Market (‘000 m³) - Domestic + Export Markets 16.4% 18.5% -4.3% -0.9% Market Source: IBÁ 8
Slide 9: Wood Segment
Wood Segment Installed Capacity Utilization - 3Q19 13% 93% 81% 80% Fiberboard T-HDF/MDF MDP and flooring (370,000m³/year) (275,000 m³/year) (430,000 m³/year) Breakdown of Costs - 3Q19 All Panels Resin Panels Non-Resin Panels (Fiberboard) 9
Slide 10: Paint Segment
Paint Segment Net Revenue Market - Million Gallons 3Q18 3Q19 Var Variation 3Q19 vs. 9M19 vs. 3Q18 9M18 R$ 73.7 million R$ 81.6 million 10.7% Eucatex 9.3% 3.8% 9M18 9M19 Var Market -2.2% -1.0% Source: Eucatex R$ 198.4 million R$ 218.4 million 10.1% Breakdowndos Distribuição of Costs Custos- 3Q19 – 3Q
Slide 11: Financial Data
Financial Data Highlights (R$ million) 3Q19 V.A. % 3Q18 V.A. % Var. (%) 9M19 V.A. % 9M18 V.A. % Var. (%) Net Revenue 398,7 100,0% 321,2 100,0% 24,2% 1.128,3 100,0% 927,0 100,0% 21,7% Fair value of biological assets 9,0 2,3% 1,0 0,3% 797,0% 9,2 0,8% 1,1 0,1% 752,9% Cost of products sold (290,0) -72,7
Slide 12: Debt
Debt Debt Profile by Maturity 9M19 Debt (R$ Million) 9M19 1H19 Var. (%) Short Term Debt 268.7 274.0 -1.9% Long Term Debt 176.3 160.5 9.9% Gross Debt 445.1 434.5 2.4% Cash and Cash Equivalents 18.9 13.1 44.2% Net Debt 426.2 421.4 1.1% Debt Profile by Currency 9M19 % Short Term Debt 60% 63% -3 p.p. Ne
Slide 13: Investments
Investments Investments Made Planned for 2019 R$ 119 million 13
Slide 14: Sustainability - Forestry
Sustainability - Forestry Average Radius 82 farms for eucalyptus plantation, totaling Salto Botucatu 52,400 hectares 157 km 63 Km Newly Planted Forests and Seedling Management (ha) 14
Slide 15: Investor Relations Contacts
José Antonio G. de Carvalho Executive Vice-President and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations 55 (11) 3049-2473 / ri@eucatex.com.br