Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Q2 2018 Earnings Presentation
13 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 9, 2018
Slide 1: 2Q18 Eucatex Group Presentation
2Q18 Eucatex Group Presentation August 9, 2018
Slide 2: Highlights
Highlights Net Revenue • 2Q18: R$ 302.0 million, up 4.0% • 1H18: R$ 605.8 million, up 5.7% Recurring EBITDA • 2Q18: R$ 54.3 million, growth of 3.4% • 1H18: R$ 105.8 million, growth of 8.3% Recurring EBITDA Margin • 2Q18: 18.0%, stable, -0.1 pp • 1H18: 17.5%, increase of 0.4 pp Recurring Net Income (
Slide 3: Construction Industry: ABRAMAT Index – Domestic Market
Construction Industry ABRAMAT Index – Domestic Market Between 2013 and 2Q18, the indicator is down 30.9%. Source: ABRAMAT 3
Slide 4: 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. 2Q18 vs. 2Q17 Fiberboard MDP MDF Total Total -14.7% 1.0% 2.2% 1.1% Domestic Market -26.0% -1.6% 2.9% 0.3% Export Market 4.1% 15.8% -0.7% 5.1% Source: Eucatex
Slide 5: Net Revenue
Operating Data Net Revenue 2Q17 2Q18 Var 1H17 1H18 Var R$ 290.3 million R$ 302.0 million 4.0% R$ 573.4 million R$ 605.8 million 5.7% Distribution by Product - 2Q18 Distribution by Segment - 2Q18 5
Slide 6: Wood Segment Net Revenue
Wood Segment Net Revenue 2Q17 2Q18 Var R$ 216.3 million R$ 219.4 million 1.4% 1H17 1H18 Var R$ 420.9 million R$ 442.2 million 5.1% Total Market ('000 m³) DOMESTIC + EXPORT MARKETS -8.7% -5.5% 1.1% 2.9% Market Source: IBÁ 6
Slide 7: Wood Segment
Wood Segment Installed Capacity Utilization - 2Q18 Breakdown of Costs - 2Q18 All Panels Resin Panels Non-Resin Panels (Fiberboard) 7
Slide 8: Paint Segment
Paint Segment Market - Million Gallons Net Revenue 2Q17 2Q18 Var R$ 57.1 million R$ 63.8 million 11.6% 1H17 1H18 Var R$ 116.5 million R$ 124.7 million 7.0% Breakdown of Costs - 2Q18 Variation 2Q18 vs. 2Q17 1H18 vs. 1H17 Eucatex 7.7% 5.0% Market -0.8% -1.6% Source: Eucatex Installed Capacity Utilizat
Slide 9: Financial Data
Financial Data Highlights (R$ million) 2Q18 V.A. % 2Q17 V.A. % Var. (%) 1H18 V.A. % 1H17 V.A. % Var. (%) Net Revenue 302.0 100.0% 290.3 100.0% 4.0% 605.8 100.0% 573.4 100.0% 5.7% Fair value of biological assets 0.7 0.2% 5.8 2.0% -87.7% 0.1 0.0% 10.3 1.8% -99.2% Cost of products sold (224.9) -74.5% (
Slide 10: Debt
Debt Debt (R$ Million) 1H18 2017 Var. (%) 1H17 Var. (%) Short Term Debt 291.8 245.2 19.0% 231.5 26.1% Long Term Debt 100.5 106.1 -5.3% 115.0 -12.6% Gross Debt 392.4 351.3 11.7% 346.5 13.2% Cash and Cash Equivalents 20.5 20.3 1.2% 17.0 21.1% Net Debt 371.8 331.0 12.3% 329.5 12.8% % Short Term Debt 74
Slide 11: Investments
Investments Investments Made Planned for 2018 R$96 million 11
Slide 12: Sustainability - Forestry
Sustainability - Forestry 75 farms Average Radius for eucalyptus plantation, Salto Botucatu totaling 135 km 63 Km 45,800 hectares Newly Planted Forests and Seedling Management (ha) 12
Slide 13: 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
Eucatex S.A. Indústria e Comércio — Q2 2018 Earnings Presentation on 6ix