Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — Eucatex Group — 4Q16 Earnings Presentation
16 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Mar 23, 2017
Slide 1: Eucatex Group Presentation 4Q16 Earnings
Eucatex Group Presentation 4Q16 Earnings March 23, 2017
Slide 2: Highlights
Eucatex Group Highlights 4Q16: R$ 284.5 million, down 1.7% Net Revenue 2016: R$ 1,144.5 million, stable (+0.1%) 4Q16: R$ 46.7 million, a increase of 1.9% Recurring EBITDA 2016: R$ 185.8 million, a decrease of 5.5% Recurring EBITDA 4Q16: 16.4%, up 0.5 pp Margin 2016: 16.2%, down 1.0 pp 4Q16: R$ 14.0
Slide 3: Eucatex Group
Eucatex Group Founded in 1951 Segments: Furniture, Retail, Construction and Export Subsidiary in Atlanta, USA 79 eucalyptus farms, totaling 46,300 hectares 2,486 employees MDP and Seedling Fiberboard T-HDF/MDF Laminate Paints and Varnishes Nursery Flooring Cabo Sto. Salto/SP Salto/SP Botuc
Slide 4: Operating Data
Operating Data Net Revenue 4Q15 4Q16 Var 2015 2016 Var R$ 289.4 million R$ 284.5 million -1.7% R$ 1,143.3 million R$ 1,144.5 million 0.1% Distribution by Product – 2016 Distribution by Segment – 2016 4
Slide 5: Operating Data: Export performance
Operating Data Export performance – YEAR Net Revenue – Base 100 - 2013 Share of Total Net Revenue CAGR: + 31.4% 227 185 100 102 15% 8% 11% 8% 2013 2014 2015 2016 2013 2014 2015 2016 5
Slide 6: Construction
Construction ABRAMAT Index – Domestic Market Source: ABRAMAT 6
Slide 7: Panels Market
Panels Market Effective Installed Capacity (MDF + MDP) vs. Production Indicator CAGR Capacity 7.3% Production 2.1% *GDP Estimate (Tendências Consultoria) 2016 ~ -3.6% *2017 ~ 0.7% Source: Eucatex Estimate 7
Slide 8: Wood Segment
Wood Segment Net Revenue 4Q15 4Q16 Var R$ 208.5 million R$ 199.5 million -4.3% 2015 2016 Var R$ 850.3 million R$ 820.6 million -3.5% 139 138 130 Total 120 Market (‘000 m³) Domestic + Export Market 118 114 110 106 108 104 100 100 1T06 1T07 1T08 1T09 1T10 1T11 Source: IBÁ Eucatex Market Mercado 8
Slide 9: Wood Segment
Wood Segment Installed Capacity Utilization – 4Q16 10% 89% 80% 74% 38% 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 – 4Q16 All Panels Resin Panels Non-Resin Panels (Fiberboard) 9
Slide 10: Paint Segment
Paint Segment Market – Million Gallons Net Revenue 4Q15 4Q16 Var R$ 65.7 million R$ 68.4 million 4.1% 2015 2016 Var R$ 253.7 million R$ 260.0 million 2.5% Change 4Q16 vs. 4Q15 2016 vs. 2015 Breakdown of Costs – 4Q16 Eucatex 0.3% -3.7% Market -0.1% -5.7% Source: Eucatex Installed Capacity Utilization
Slide 11: Financial Data
Financial Data Highlights (R$ million) 4Q16 V.A. % 4Q15 V.A. % Var. (%) 2016 V.A. % 2015 V.A. % Var. (%) Net Revenue 284.5 100.0% 289.4 100.0% -1.7% 1,144.4 100.0% 1,143.3 100.0% 0.1% Fair value of biological assets 8.3 2.9% 8.9 3.1% -6.3% 29.8 2.6% 44.3 3.9% -32.7% Cost of products sold (207.1) -72
Slide 12: Debt
Debt Debt (R$ Million) 2016 9M16 Var. (%) 2015 Var. (%) Short Term Debt 241.3 227.8 5.9% 210.6 14.6% Long Term Debt 114.4 135.0 -15.3% 140.9 -18.8% Gross Debt 355.7 362.8 -2.0% 351.5 1.2% Cash and Cash Equivalents 23.6 24.3 -2.9% 17.6 33.9% Net Debt 332.1 338.6 -1.9% 333.9 -0.5% % Short Term Debt 68
Slide 13: Investments
Investments Investments Made Planned for 2017 R$ 78 million 7.3 11.4 2.7 1.3 0.5 0.7 7.5 9.0 2.1 2.4 13
Slide 14: Sustainability – Forestry and Recycling
Sustainability – Forestry and Recycling 79 farms with Average Radius Total Processing Capacity - Recycling planted Equivalent to eucalyptus Salto Botucatu Ton/Year forests, totaling Trees Forests 46,300 173 km 38 Km 240,000 ton 2 million / year 1,500 hectares hectares Volume Processed (ton) - Recycl
Slide 15: Eucatex in 2016 Diretrizes
Eucatex in 2016 Diretrizes Exports Adjust production lines to drive exports. Portfolio Reduce Domestic Market portfolio for increased efficiency and productivity. Forest Management New review of forest management to reduce related investments. Investments Reduce manufacturing investments, focusing e
Slide 16: José Antonio G. de Carvalho, Executive VP and IRO
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