Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q1 2015 Earnings Presentation
11 slides from Eucatex S.a. Industria E Comercio's earnings presentation, May 7, 2015
Slide 1: Eucatex Group Presentation 1Q15 Results
Eucatex Group Presentation 1Q15 Results May 7, 2015
Slide 2: 1Q15 Highlights
Eucatex Group 1Q15 Highlights Net Revenue R$ 278.0 million, growth of 5.5% Recurring EBITDA R$ 47.8 million, stable EBITDA Margin 17.2%, down 0,9 pp Exports Growth of 28.7% in volume and 58.1% in net revenue 2
Slide 3: Operating Data – Net Revenue
Operating Data Net Revenue 1Q14 1Q15 Var. R$ 263.4 million R$ 278.0 million 5.5% Distribution by Product Distribution by Segment 3
Slide 4: Wood Segment Net Revenue
Wood Segment Net Revenue 1Q14 1Q15 Var. R$ 196.7 million R$ 207.8 million 5.7% 139 138 130 Total 120 Market ('000 m³) 118 DOMESTIC + EXPORT MARKET 114 110 106 108 104 100 100 1T06 1T07 1T08 1T09 1T10 1T11 Source: IBÁ Eucatex Eucatex Market Mercado 4
Slide 5: Wood Segment – Installed Capacity Utilization
Wood Segment Installed Capacity Utilization – 1Q15 9% 89% 81% 74% 42% Fiberboard T-HDF/MDF MDP and flooring Laminated Flooring (240,000m³/year) (275,000 m³/year) (430,000 m³/year) (12 million m²/year) Breakdown of Costs – 1Q15 All Panels Resin Panels Non-Resin Panels (Fiberboard) 5
Slide 6: Paint Segment Net Revenue
Paint Segment Market – Million Gallons Net Revenue 1Q14 1Q15 Var. R$ 59.1 million R$ 62.9 million 6.5% Source: Eucatex Eucatex Market Installed Capacity Utilization Breakdown of Costs – 1Q15 58% 1T15 1Q15 Total Capacity – 36 million gallons / year 6
Slide 7: Financial Data
Financial Data Highlights (R$ million) 1Q15 V.A. % 1Q14 V.A. % Var. (%) Net Revenue 278.0 100.0% 263.4 100.0% 5.5% Fair value of biological assets 14.1 5.1% 11.9 4.5% 17.9% Cost of products sold (206.6) -74.3% (192.5) -73.1% 7.3% Gross income 85.4 82.9 3.1% Gross Margin (%) 30.7% 31.5% -0.7 p.p. Adm
Slide 8: Debt
Debt Debt (R$ Million) 1Q15 2014 Var. (%) Short Term Debt 159.5 141.2 13.0% Long Term Debt 177.2 172.9 2.5% Gross Debt 336.7 314.1 7.2% Cash and Cash Equivalents 20.1 21.1 -4.5% Net Debt 316.6 293.0 8.0% % Short Term Debt 47% 45% 2.4 p.p. Net Cash (Debt)/EBITDA 1.7 1.4 16.2% Debt Profile 8
Slide 9: Capex
Capex Planned for 2015 Investments Made R$ 94 million 12.8 5.4 2.7 3.3 2.4 1.6 9.1 7.8 1.4 2.0 9
Slide 10: Sustainability – Forestry and Recycling
Sustainability – Forestry and Recycling 77 farms with Average Radius Total Processing Capacity - Recycling planted Equivalent to eucalyptus Salto Botucatu Ton/Year Trees Forests forests, totaling 162 km 37 Km 240,000 ton 2 million / year 1,500 hectares 46,100 hectares Volume Processed (ton) - Recycl
Slide 11: Investor Relations Contacts
José Antonio G. de Carvalho Executive VP and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations (55 11) 3049-2473 ri@eucatex.com.br www.eucatex.com.br/ri