Syn Prop e Tech SA · BMFBOVESPA:SYNE3

Syn Prop e Tech SA — Vulcabras Azaleia — Q2 2018 Earnings Presentation

14 slides from Syn Prop e Tech SA's earnings presentation, 2018

  1. Slide 1: Release 2nd Quarter of 2018 Earnings

    RELEASE 2ND QUARTER OF 2018 azaleia dij@an <seorrmpiKus OPANKR %4o)..1°". Y Vulcabras Azaleia EARNINGS

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains statements that can represent expectations about future events or results. These statements are based on certain suppositions and analyses made by the company in accordance with its experience, with the economic environment and market conditions, and expected fu

  3. Slide 3: Participants

    Participants Pedro Bartelle Chief Executive Officer Edivaldo Rogério de Brito Administrative Chief, Financial and Investor Relations Officer André de Camargo Bartelle 1st Vice Chairman 3

  4. Slide 4: Highlights

    Highlights • Net Revenue: R$ 280.8 million in 2Q18, 9.0% down compared to 2Q17, and R$ 572.8 million in 6M18, down 5.2% compared to 6M17. • Gross Profit: R$ 96.6 million in 2Q18, 18.6% down compared to 2Q17, and R$ 197 million in 6M18, down 13.2% compared to 6M17. • Gross Margin: 34.4% in 2Q18, down

  5. Slide 5: Gross Revenue

    Gross Revenue Gross Volume (pairs and pieces/thousand) - quarter Gross Volume (pairs and pieces/thousand) - half year 3,666 7,140 3,228 6,671 2Q17 6M17 2Q18 6M18 2,700 1,199 1,176 2,398 936 958 1,785 1,673 94 150 287 384 Athletic footwear Women footwear Other footwear Apparel and Athletic footwear W

  6. Slide 6: Net Operating Revenue: Category

    Net Operating Revenue: Category Net Operating Revenue - 2Q18 vs. 2Q17 Net Operating Revenue - 6M18 vs. 6M17 249.9 472.0 2Q17 440.6 6M17 213.1 2Q18 6M18 35.7 41.1 84.6 82.3 19.7 21.4 38.0 36.7 3.3 5.2 9.9 13.2 Athletic footwear Women footwear Other footwear Apparel and Athletic footwear Women footwea

  7. Slide 7: Net Operating Revenue: Markets

    Net Operating Revenue: Markets Participation by Market - 2Q18 Participation by Market – 6M18 12.6% 12.3% Domestic Market Domestic Market Foreign Market Foreign Market 87.4% 87.7% Share Share Var. % Share Share Var. % R$ Million 2Q18 2Q17 6M18 6M17 % % 2Q18/2Q17 % % 6M18/6M17 Domestic Market 246.2 87

  8. Slide 8: Gross Profit and EBITDA

    Gross Profit and EBITDA Gross Profit – 2Q18 vs. 2Q17 and 6M18 vs. 6M17 45. 0% 45. 0% 320. 0 43. 0% 40. 0% 37.5% 320. 0 38.5% 34.4% 41. 0% 280. 0 280. 0 39. 0% 35. 0% 240. 0 240. 0 37. 0% 34.4% 30. 0% 200. 0 200. 0 35. 0% 25. 0% 160. 0 160. 0 33. 0% 20. 0% 120. 0 227.0 120. 0 31. 0% -18.6% -13.2% 29.

  9. Slide 9: Selling and Advertising Expenses

    Selling and Advertising Expenses Selling Expenses – 2Q18 vs. 2Q17 and 6M18 vs. 6M17 100. 0 14. 0% 100. 0 13. 0% 90. 0 11. 0% 10.7% 10.7% 90. 0 80. 0 80. 0 10. 5% 10.9% 12. 0% 10.5% 70. 0 70. 0 11. 0% 10. 0% 60. 0 60. 0 10. 0% 50. 0 50. 0 9. 5% 9. 0% 40. 0 40. 0 8. 0% 30. 0 9. 0% 64.7 -5.6% 61.1 30.

  10. Slide 10: General & Administrative Expenses

    General & Administrative Expenses General and Administrative Expenses – 2Q18 vs. 2Q17 and 6M18 vs. 6M17 8. 0% 80. 0 7. 5% 80. 0 7. 5% 70. 0 7. 0% 6.7% 70. 0 7. 0% 6.8% 60. 0 6. 5% 6.2% 60. 0 6. 5% 6.2% 50. 0 6. 0% 50. 0 6. 0% 40. 0 5. 5% 40. 0 5. 5% 30. 0 5. 0% 30. 0 5. 0% 20. 0 4. 5% 37.7 +2.1% 38.

  11. Slide 11: Debt and Net Financial Income

    Debt and Net Financial Income Net Financial Income Var. % Var. % R$ Million 2Q18 2Q17 6M18 6M17 2Q18/2Q17 6M18/6M17 Ca pi ta l s tructure -0.8 -10.9 -92.7% -3.0 -26.2 -88.5% Opera ti ng -2.0 -3.0 -33.3% -4.4 -15.0 -70.7% Excha nge di fferences -2.4 -10.3 -76.7% -4.7 -20.1 -76.6% Financial Costs -5.2

  12. Slide 12: Net Income and ROIC

    Net Income and ROIC Net Income – 2Q18 vs. 2Q17 and 6M18 vs. 6M17 12.8% 16.7% 100. 0 13. 0% 100. 0 11.6% 18. 0% 90. 0 90. 0 12. 0% 16. 0% 80. 0 80. 0 14. 0% 11.8% 70. 0 11. 0% 70. 0 12. 0% 10. 0% 60. 0 60. 0 10. 0% 50. 0 9. 0% 50. 0 77.6 8. 0% 40. 0 40. 0 -14.3% 8. 0% 6. 0% 30. 0 66.5 30. 0 4. 0% 51.

  13. Slide 13: Cash Flow and CAPEX

    Cash Flow and CAPEX Additions to Property, Plant and Equipment and Intangible Assets - 2Q18 vs. 2Q17 and 6M18 vs. 6M17 Var. % Var. % R$ Million 2Q18 2Q17 6M18 6M17 2Q18/2Q17 6M18/6M17 Molds 9.5 8.3 14.5% 20.1 15.2 32.2% Machinery and equipment 12.3 1.1 1018.2% 22.2 4.1 441.5% Industrial facilities 3

  14. Slide 14: Investor Relations

    Investor Relations Edivaldo Rogério de Brito Chief Investor Relations Officer Phone: (11) 4532-1005 E-mail: dri@vulcabras.com.br Site: http://vulcabrasazaleiari.com.br/ 14

Vulcabras Azaleia — Q2 2018 Earnings Presentation on 6ix