Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex — Q2 2015 Earnings Presentation
11 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 12, 2015
Slide 1: Eucatex Group Presentation 2Q15 Results
Eucatex Group Presentation 2Q15 Results August 12, 2015
Slide 2: 2Q15 Highlights
Grupo Eucatex 2Q15 Highlights Net Revenue R$ 264.8 million, growth of 3.8% Recurring EBITDA R$ 49.7 million, improvement of 14.7% on 2Q14 EBITDA Margin 18.8%, expansion of 1.8 p.p. Exports Increase of 44.8% in Volume and 111.5% in Net Revenue Recurring Net Income R$ 10.7 million, increase of 59.9% 2
Slide 3: Operating Data - Net Revenue
Operating Data Net Revenue 2Q14 2Q15 Var. 1H14 1H15 Var. R$ 255.0 million R$ 264.8 million 3.8% R$ 518.5 million R$ 542.8 million 4.7% Distribution by Product Distribution by Segment 3
Slide 4: Wood Segment Net Revenue
Wood Segment Net Revenue 2Q14 2Q15 Var. R$ 195.6 million R$ 206.4 million 5.5% 1H14 1H15 Var. R$ 392.3 million R$ 414.3 million 5.6% 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 Market Mercado 4
Slide 5: Wood Segment - Installed Capacity Utilization
Wood Segment Installed Capacity Utilization – 2Q15 10% 81% 85% 78% 44% 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 – 2Q15 All Panels Resin Panels Non-Resin Panels (Fiberboard) 5
Slide 6: Paint Segment Net Revenue
Paint Segment Market – Million Gallons Net Revenue 2Q14 2Q15 Var. R$ 54.3 million R$ 55,2 million 1.6% 1H14 1H15 Var. R$ 113.3 million R$ 118.1 million 4.2% Source: Eucatex Market Installed Capacity Utilization Breakdown of Costs – 2Q15 50% 2T15 2Q15 Total Capacity – 36 million gallons / year 6
Slide 7: Financial Data
Financial Data Highlights (R$ million) 2Q15 V.A. % 2Q14 V.A. % Var. (%) 1H15 V.A. % 1H14 V.A. % Var. (%) Net Revenue 264.8 100.0% 255.0 100.0% 3.8% 542.8 100.0% 518.5 100.0% 4.7% Fair value of biological assets 5.5 2.1% 10.6 4.2% -48.3% 19.6 3.6% 22.6 4.4% -13.3% Cost of products sold (192.9) -72.9%
Slide 8: Debt
Debt Debt (R$ Million) 1H15 1Q15 Var. (%) Short Term Debt 175.6 159.5 10.1% Long Term Debt 159.5 177.2 -10.0% Gross Debt 335.1 336.7 -0.5% Cash and Cash Equivalents 23.9 20.1 18.6% Net Debt 311.3 316.6 -1.7% % Short Term Debt 52% 47% 5 p.p. Net Cash (Debt)/EBITDA 1.6 1.7 -5.3% Debt Profile 8
Slide 9: Capex
Capex Planned for 2015 Investments Made R$ 94 million 11.7 8.5 4.7 2.3 1.1 1.2 10.0 7.8 1.4 4.2 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 Year Trees Forests forests, totaling 153 km 43 Km 240,000 ton 2 million / year 1,500 hectares 46,100 hectares Volume Processed (ton) - Recycling
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