Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex — Q1 2022 Earnings Presentation
12 slides from Eucatex S.a. Industria E Comercio's earnings presentation, 2022
Slide 1: Earnings Release 1Q22
v eucatex ” Earnings Release 1Q22
Slide 2: Construction
Construction ABRAMAT Index - Domestic Market The index has declined 30.2% from 2013 to 1Q22. Source: ABRAMAT 2
Slide 3: Supply and Demand in Domestic Panels Market - Quarter
Supply and Demand in Domestic Panels Market - Quarter Effective Installed Capacity (Fiberboard + MDF + MDP) vs. Production % Variation 1Q22 x 1Q21 Total Total -12.6% Domestic Market -17.9% Export Market 21.0% Source: Eucatex estimate 3
Slide 4: Operating Data
Operating Data Net Revenue Period 2021 2022 Var. Quarter R$529.5 million R$597.8 million 12.9% Distribution by Product - 1Q22 Distribution by Segment - 1Q22 Eucatex has a diversified portfolio of products and operates in several segments, contributing with significant growth along the years. 4
Slide 5: Wood Segment
Wood Segment Total Market (‘000 m³) – Domestic + Export Markets Net Revenue Eucatex (Base 100) Market Period 2021 2022 Var. -11.4% -12.6% Quarter R$429.7 million R$476.2 million 10.8% 5 Source: Eucatex estimate
Slide 6: Wood Segment
Wood Segment Installed Capacity Utilization - 1Q22 Breakdown of Costs - 1Q22 All Panels Resin Panels Non-Resin Panels (Fiberboard) 6
Slide 7: Paint Segment
Paint Segment Installed Capacity Utilization Breakdown of Costs - 4Q21 Net Revenue Period 2021 2022 Var. Quarter R$99.7 million R$115.3 million 15.7% Total Capacity - 36 million gallons / year Total Volume – million gallons Eucatex (Base 100) Market -10.4% -7.1% 7 Source: Eucatex
Slide 8: Financial Highlights
Financial Highlights Net Revenue (R$ million) Gross Profit and SG&A and Recurring EBITDA and Recurring Net Income Gross Margin SG&A / Net Revenue Recurring EBITDA Margin 12.9% 13.5% 9.3 % -2.8% 44.7% 8
Slide 9: Debt
Debt Debt (R$ Million) 1Q22 2021 Var. (%) 1Q21 Var. (%) Short-Term Debt 204.9 230.5 -11.1% 264.0 -22.4% Long-Term Debt 287.3 291.4 -1.4% 239.0 20.2% Gross Debt 492.2 521.9 -5.7% 503.0 -2.1% Cash and Cash Equivalents 71.9 141.1 -49.0% 75.4 -4.5% Net Debt 420.3 380.8 10.4% 427.6 -1.7% % Short-Term Deb
Slide 10: Investments
Investments Investments Made Planned for 2022 R$248.0 million 10
Slide 11: Forest Sustainability
Forest Sustainability 118 farms Average Radius with eucalyptus plantations, Botucatu Botucatu totaling Salto MDP Fiberboard 36,000 hectares 137 km 82 Km 80 Km actually planted New Planted Forests and Sprouting Management (ha) 11
Slide 12: José Antonio G. de Carvalho
José Antonio G. de Carvalho Executive Vice President and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations ri@eucatex.com.br 55 (11) 3049-2473