Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — Q2 2017 Earnings Presentation
12 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 10, 2017
Slide 1: Eucatex Group 2Q17 Earnings Presentation
Eucatex Group Presentation 2Q17 Earnings August 10, 2017
Slide 2: Highlights
Eucatex Group Highlights Net Revenue 2Q17: R$ 290.3 million, up 3.5% 6M17: R$ 573.4 million, up 3.2% Recurring EBITDA 2Q17: R$ 52.5 million, growth of 2.4% 6M17: R$ 97.7 million, growth of 6.8% Recurring EBITDA 2Q17: 18.1%, contraction of 0.2 pp Margin 6M17: 17.0%, expansion of 0.5 pp Recurring 2Q17
Slide 3: Operating Data: Net Revenue
Operating Data Net Revenue 2Q16 2Q17 Var 6M16 6M17 Var R$ 280.4 million R$ 290.3 million 3.5% R$ 555.7 million R$ 573.4 million 3.2% Breakdown by Product – 2Q17 Breakdown by Segment – 2Q17 3
Slide 4: Operating Data: Export Performance
Operating Data Export Performance – 2Q17 Net Revenue – Base 100 - 2013 Share of Total Net Revenue CAGR: + 32.3% 238 231 209 100 14% 15% 15% 8% 2T14 2Q14 2T15 2Q15 2T16 2Q16 2T17 2Q17 2T14 2Q14 2T15 2Q15 2T16 2Q16 2T17 2Q17 4
Slide 5: Wood Segment
Wood Segment Net Revenue 2Q16 2Q17 Var R$ 207.0 million R$ 216.3 million 4.5% 6M16 6M17 Var R$ 412.3 million R$ 420.9 million 2.1% 139 138 130 Total 120 Market ('000 m³) 118 110 DOMESTIC + EXPORT MARKET 114 106 108 104 100 100 1T06 1T07 1T08 1T09 1T10 1T11 Source: IBÁ Eucatex Market Mercado 5
Slide 6: Wood Segment: Capacity Utilization and Costs
Wood Segment Installed Capacity Utilization – 2Q17 9% 86% 82% 76% 41% 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 – 2Q17 All Panels Resin Panels Non-Resin Panels (Fiberboard) 6
Slide 7: Paint Segment
Paint Segment Market – million gallons Net Revenue 2Q16 2Q17 Var R$ 60.6 million R$ 57.1 million -5.7% 6M16 6M17 Var R$ 118.0 million R$ 116.5 million -1.2% Breakdown of Costs – 2Q17 Change 2Q17 vs. 2Q16 6M17 vs. 6M16 Eucatex -10.6% -5.5% Market -2.3% -1.2% Source: Eucatex Installed Capacity Utiliza
Slide 8: Financial Data
Financial Data Highlights (R$ million) 2Q17 V.A. % 2Q16 V.A. % Var. (%) 6M17 V.A. % 6M16 V.A. % Var. (%) Net Revenue 290.3 100.0% 280.4 100.0% 3.5% 573.4 100.0% 555.7 100.0% 3.2% Fair value of biological assets 5.8 2.0% 6.9 2.5% -15.7% 10.3 1.8% 14.4 2.6% -28.0% Cost of products sold (212.5) -73.2%
Slide 9: Debt
Debt Debt (R$ Million) 6M17 2016 Var. (%) Short Term Debt 231.5 241.3 -4.1% Long Term Debt 115.0 114.4 0.6% Gross Debt 346.5 355.7 -2.6% Cash and Cash Equivalents 17.0 23.6 -28.0% Net Debt 329.5 332.1 -0.8% % Short Term Debt 67% 68% -1 p.p. Net Debt/EBITDA 1.7 1.8 -5.6% Debt Profile 9
Slide 10: Investments
Investments Investments Made Planned for 2017 R$ 81 million 7.0 3.9 3.8 1.4 0.3 0.7 7.3 12.6 1.8 4.2 17.8 12.5 7.7 2.4 0.6 1.3 14.4 17.6 5.3 6.8 10
Slide 11: Sustainability – Forestry and Recycling
Sustainability – Forestry and Recycling Average Radius Total Processing Capacity - Recycling 79 farms with planted Equivalent to Salto Botucatu Ton/Year eucalyptus Trees Forests forests, totaling 141 km 39 Km 240,000 ton 2 million / year 1,500 ha 46,300 hectares Processed Volume (ton) - Recycling Ne
Slide 12: Investor Relations contacts
José Antonio G. de Carvalho Executive VP and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira +55 (11) 3049-2473 Investor Relations ri@eucatex.com.br ri.eucatex.com.br