Syn Prop e Tech SA · BMFBOVESPA:SYNE3
Syn Prop e Tech SA — Vulcabras Azaleia — Q4 2019 Earnings Presentation
16 slides from Syn Prop e Tech SA's earnings presentation, 2020
Slide 1: Earnings Presentation 4Q19
Earnings Presentation 4Q19 <Sed> . q Botas azaleia djean SSS> OPANKK + Wrrrectarce
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: 7.4 million pairs/pieces in 4Q19, growth of 1.9% compared to 4Q18 and 27.2 million pairs/pieces in 2019, growth of 8.9% compared to 2018. • Net Revenue: R$ 373.9 million in 4Q19, growth of 5.6% compared to 4Q18 and R$ 1,360.0 million in 2019, growth of 8.9% compared to 201
Slide 5: Gross Volume
GROSS VOLUME Gross Volume: Pairs and clothing itens/ thousand QUARTER: 4Q19 vs. 4Q18 YEAR: 2019 vs. 2018 2018 4Q18 2019 4Q19 3,945 3,999 14,419 14,828 1,970 1,789 6,202 6,348 818 3,122 3,305 1,260 673 655 775 2,746 Athletic footwear Women footwear Other footwear and Apparel and Athletic footwear Wom
Slide 6: Net Operating Revenue: Category
NET OPERATING REVENUE: CATEGORY NOR: 4Q19 vs. 4Q18 NOR: 2019 vs. 2018 4Q18 2018 4Q19 2019 261.9 274.6 946.1 1,008.2 55.1 57.3 13.9 17.6 69.0 68.8 87.4 192.3 195.6 41.6 23.1 24.4 Athletic footwear Women footwear Other footwear and Apparel and Athletic footwear Women footwear Other footwear and Appare
Slide 7: Net Operating Revenue: Markets
NET OPERATING REVENUE: MARKETS SHARE BY MARKET – 4Q19 SHARE BY MARKET – 2019 8.5% 8.0% Domestic Market Domestic Market Foreign Market Foreign Market 91.5% 92.0% Share Share Var. % Share Share Var. % R$ Million 4Q19 4Q18 2019 2018 % % 4Q19/4Q18 % % 2019/2018 Domestic Market 342.2 91.5% 324.0 91.5% 5.
Slide 8: Gross Profit
GROSS PROFIT 4Q19 vs. 4Q18 37.8% 35.8% 0.0% 133.7 133.7 4Q18 4Q19 Gross profit Gross margin % 2019 vs. 2018 35.9% 34.7% 448.6 5.2% 471.8 2018 2019 Gross profit Gross margin % 8
Slide 9: Selling and Advertising Expenses
SELLING AND ADVERTISING EXPENSES SELLING EXPENSES1 – 4Q19 vs. 4Q18 and 2019 vs. 2018 11.4% 11.5% 11.1% 10.9% 14.1% 155.8 136.6 8.1% 39.4 42.6 4Q18 4Q19 2018 2019 Selling Expenses % of Net Revenue Selling Expenses % of Net Revenue ADVERTISING AND MARKTING EXPENSES – 4Q19 vs. 4Q18 and 2019 vs. 2018 5.
Slide 10: General and Administrative Expenses
GENERAL AND ADMINISTRATIVE EXPENSES 4Q19 vs. 4Q18 9.0% 8.0% -6.6% 31.9 29.8 4Q18 4Q19 G&A Expenses % of Net Revenue 2019 vs. 2018 8.1% 7.3% 20.2% 109.6 91.2 2018 2019 G&A Expenses % of Net Revenue 10
Slide 11: Net Financial Income and Net Debt
NET FINANCIAL INCOME AND NET DEBT NET FINANCIAL INCOME Var. % Var. % R$ Million 4Q19 4Q18 2019 2018 4Q19/4Q18 2019/2018 Capital structure -1.9 -3.4 -44.1% -5.4 -7.2 -25.0% Operating -2.8 -2.2 27.3% -11.3 -8.6 31.4% Exchange differences -3.0 -3.9 -23.1% -11.7 -11.3 3.5% Financial Costs -7.7 -9.5 -18.
Slide 12: Net Income and ROIC
NET INCOME AND ROIC NET INCOME – 4Q19 vs. 4Q18 and 2019 vs. 2018 13.1% 12.2% 12.1% 10.5% 152.1 -5.9% 143.1 -2.4% 46.2 45.1 4Q18 4Q19 2018 2019 Net Income % of Net Revenue Net Income % of Net Revenue AJUSTED ROIC 40.4% 23.2% 18.1% 18.3% 2016 2017 2018 2019 12
Slide 13: EBITDA Margin
EBITDA MARGIN 4Q19 vs. 4Q18 19.5% 16.1% -12.9% 69.1 60.2 4Q18 4Q19 EBITDA EBITDA Margin 2019 vs. 2018 17.5% 16.4% 2.1% 222.5 218.0 2018 2019 EBITDA EBITDA Margin 13
Slide 14: Capex
CAPEX ADDITIONS TO PROPERTY, PLANT AND EQUIPAMENT AND INTANGIBLE ASSETS Var. % Var. % R$ Million 4Q19 4Q18 2019 2018 4Q19/4Q18 2019/2018 Molds 11.4 6.8 67.6% 47.3 38.6 22.5% Machinery and equipment 3.1 3.8 -18.4% 35.2 32.5 8.3% I ndustrial facilities 5.7 5.3 7.5% 26.1 17.2 51.7% Others 2.4 1.2 100.0
Slide 15: Cash Flow
CASH FLOW CASH FLOW – 2019 5.1 1.8 23.6 103.2 222.5 119.4 17.0 19.5 71.1 65.0 Initial Cash Balance EBITDA Other Revenues (1) Long-term Liabilities Net Financial Increased Working PP&E / Intangible Decrease in Bank Other Expenses (2) Closing Cash Income Capital requirement Assets Liabilities Balance
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