Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3
Eucatex S.a. Industria E Comercio — 3Q23 Earnings Presentation
24 slides from Eucatex S.a. Industria E Comercio's earnings presentation, 2023
Slide 1: Public Meeting 2023
Public Meeting 2023 e eucatex eamanhi
Slide 2: Operating Performance
Operating Performance eucatex”™ cultivands _ e
Slide 3: Operating Performance
Operating Performance Net operating revenue (R$ million) Breakdown of NOR by segment 3Q23 1.8% 7.6% 9M23 3
Slide 4: Furniture Industry and Resale Segment
Furniture Industry and Resale Segment Fiberboard T-HDF Panel MDF Panel MDP Panel Products ✓ Eucafibra Lacca AD ✓ Eucaprint Lacca AD ✓ Eucadur ✓ Eucafibra Lacca Cetin ✓ Eucafibra Lacca AD ✓ Eucaprint Lacca Cetin ✓ Eucadur Perfurado ✓ Eucafibra Lacca Metalic ✓ Eucafibra Lacca Cetin ✓ Eucaprint Acetina
Slide 5: Construction segment
Construction segment Flooring Doors Partition systems Paints and varnishes Products ✓ Acrylic ✓ Spray ✓ Eucafloor Gran Elegance ✓ Enamel ✓ Eucafloor New ✓ Waterproofing ✓ EleganceEucafloor ✓ Eucadur doors ✓ Varnishes and sealants Evidence ✓ Novitá wall partitions Product portfolio ✓ Eucafloor Prime
Slide 6: Export segment
Export segment Partnerships with major Products: Fiberboard, panels, MDP, MDF, T-HDF, doors, laminated flooring and foreign companies architectural paints Main countries: United States and Latin America Competitive advantages: Subsidiary in Atlanta, USA (ease of supply to Home Centers) 6
Slide 7: Construction segment
Construction segment ABRAMAT Index - Domestic market 7 Source: ABRAMAT
Slide 8: Construction segment
Construction segment ABRAFATI Index - Domestic market 8 Source: ABRAFATI
Slide 9: Construction segment
Construction segment Flooring market (IBÁ) 9 Source: IBÁ
Slide 10: 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 3Q23 vs. 3Q22 Total Total 0.7% Domestic Market 2.1% Export Market -8.4% Source: Eucatex estimate 10
Slide 11: Net operating revenue (R$ million)
Net operating revenue (R$ million) Furniture industry and resale segment Construction segment 3Q23 9.5% 10.1% 16.1% 9M23 7.1% 11
Slide 12: Export segment
Export segment Net operating revenue (R$ million) Breakdown of NOR by segment 3Q23 -13.5% -4.3% 9M23 12
Slide 13: Financial Performance
Financial Performance eucatex”™ cultivands _ e
Slide 14: Financial highlights
Financial highlights Gross profit and SG&A and Recurring EBITDA and Net revenue (R$ million) Recurring net income Gross margin SG&A / Net Revenue recurring EBITDA margin 1.8% 15.1% 19.4 % 11.1% 51.1% 7.6% 11.2% 14.6% 13.6% 26.4% 14
Slide 15: Debt
Debt Debt (R$ Million) 9M23 1H23 Var. (%) 2022 Var. (%) Short-Term Debt 297.8 267.3 11.4% 263.5 13.0% Long-Term Debt 441.7 416.3 6.1% 361.6 22.2% Gross Debt 739.6 683.6 8.2% 625.1 18.3% Cash and Cash Equivalents 224.0 133.3 68.1% 94.9 135.9% Net Debt 515.6 550.3 -6.3% 530.2 -2.8% % Short-Term Debt 4
Slide 16: Investments in working capital and financial cycle
Investments in working capital and financial cycle Financial Cycle 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 Net Revenue (R$ Million) 529.5 556.3 654.0 709.6 597.8 600.9 672.8 639.1 678.6 651.3 684.7 Trade Accounts Receivable 459.5 427.4 514.5 525.6 501.6 503.3 525.5 505.3 576.8 591.9 5
Slide 17: Investments
Investments Investments made Planned for 2023 R$251.0 million 17
Slide 18: Governance and Sustainability
Governance and Sustainability
Slide 19: Corporate governance
Corporate governance Two independent members on the Board of Directors Creation of Audit Committee and Ethics Committee Won in 2023 the Anefac (National Association of Executives) Trophy for Transparency in financial statements Outsourced and independent complaints channel Creation of People and Gov
Slide 20: Forest Sustainability
Forest Sustainability 129 farms with eucalyptus plantations, Average radius totaling Botucatu Botucatu Salto 42,600 hectares, of which 35,200 MDP Fiberboard hectares 78 km 88 Km 88 Km actually planted Newly planted forests and sprouting management (ha) 20
Slide 21: Sustainability – Recycling
Sustainability – Recycling Ensuring sustainability and the possibility of launching new projects Total recycling processing capacity Equivalent Ton/Year Trees Forests 240,000 ton 2 million/year 1,500 ha Material that was already recomposed Material that was only submitted to (Fiberboard, MDP, MDF, m
Slide 22: Energy sustainability
Energy sustainability Castilho Solar Power Plant - Solar power purchase agreement (PPA) Investment: R$1 billion Installed capacity: 270 MWP Occupied area: 690 hectares (600 soccer fields) Reduction in energy costs: R$12 million / year Environmental impact: The plant will avoid the emission of 16,000
Slide 23: Q&A
Q&A e eucatex eamanhi
Slide 24: José Antonio G. de Carvalho
José Antonio G. de Carvalho Executive Vice President and IRO Sergio Henrique Ribeiro Controller Tatiana Pinho Investor Relations ri@eucatex.com.br 55 (11) 3049-2473
Eucatex S.A. Indústria e Comércio — 3Q23 Earnings Presentation on 6ix