Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex — Q1 2021 Earnings Presentation
15 slides from Eucatex S.a. Industria E Comercio's earnings presentation, May 2021
Slide 1: Earnings Release 1Q21
Earnings Release 1Q21
Slide 2: Eucatex vs. COVID-19
Eucatex vs. COVID-19 Internal Measures - Preventive Actions Information and Raising Awareness Physical Distancing Sanitization of Facilities Risk Monitoring Personal Hygiene Control of Cases Confirmed Cases Since the pandemic broke out, with the information and documented follow-up of the Company's
Slide 3: Financial and Operating Performance
Financial and Operating Performance
Slide 4: Construction
Construction ABRAMAT Index - Domestic Market From 2013 to 1Q21, the index dropped 17.5%. Source: ABRAMAT 4
Slide 5: Evolution of Supply and Demand in Domestic Panel Market - Quarter
Evolution of Supply and Demand in Domestic Panel Market - Quarter Effective Installed Capacity (Fiberboard + MDF + MDP) vs. Production % Variation 1Q21 x 1Q20 Total Total 21.7% Domestic Market 24.8% Export Market 5.0% Source: Eucatex estimate 5
Slide 6: Operating Data
Operating Data Net Revenue Period 2020 2021 Var 1st Quarter R$369.0 million R$529.5 million 43.5% Distribution by Product - 1Q21 Distribution by Segment - 1Q21 Eucatex has a diversified portfolio of products and operates in several segments, contributing with significant growth along the years. 6
Slide 7: Wood Segment
Wood Segment Net Revenue Total Market (‘000 m³) – Period 2020 2021 Var Domestic + Export Markets 1st Quarter R$301.3 million R$421.7 million 40.0% 3.9% 21.7% Source: Eucatex estimate 7
Slide 8: Wood Segment
Wood Segment Installed Capacity Utilization - 1Q21 Breakdown of Costs - 1Q21 All Panels Panels with Resin Panels without Resin (Fiberboard) 8
Slide 9: Paint Segment
Paint Segment Market - Million Gallons Net Revenue Variation 1Q21 vs. 1Q20 Period 2020 2021 Var Eucatex 37.2% Market 29.7% 1st Quarter R$64.9 million R$99.7 million 53.5% Source: Eucatex Breakdown of Costs - 1Q21 Installed Capacity Utilization Total Capacity – 36 million gallons / year 9
Slide 10: Financial Highlights
Financial Highlights Net Revenue (R$ million) Gross Profit and SG&A and Recurring EBITDA and Recurring Net Income Gross Margin SG&A / Net Revenue Recurring EBITDA Margin 43.5% 68.7% 25.3% 88.5% 625.0% 10
Slide 11: Debt
Debt Debt (R$ Million) 1Q21 2020 Var. (%) 2019 Var. (%) Short-Term Debt 264.0 274.5 -3.8% 240.2 9.9% Long-Term Debt 239.0 231.7 3.2% 193.0 23.8% Gross Debt 503.0 506.2 -0.6% 433.2 16.1% Cash and Cash Equivalents 75.4 85.2 -11.6% 18.5 308.1% Net Debt 427.6 420.9 1.6% 414.7 3.1% % Short-Term Debt 52%
Slide 12: Investments
Investments Investments Made Planned for 2021 R$175.9 million 12
Slide 13: Sustainability - Forestry
Sustainability - Forestry 100 farms Average Radius with eucalyptus plantations, Botucatu Botucatu totaling Salto MDP Fiberboard 52,600 hectares 163 km 60 Km 56 Km New Planted Forests and Sprouting Management (ha) 13
Slide 14: Distribution of Earnings
Distribution of Earnings May 4, 2021 May 11, 2021 14
Slide 15: Investor Relations Contacts
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