Technos S.a. · BMFBOVESPA:TECN3
Technos — Q2 2018 Earnings Presentation
9 slides from Technos's earnings presentation, 2018
Slide 1: Grupo Technos 2018
eee GRUPOTECHNOS 2018
Slide 2: 2Q18 highlights
Net revenues Reached R$70.1 million, in a steel challenging market scenario Gross margin Gross margin increased by 2.6 p.p. compared to 2Q17 SG&A Decreased by 12.8%, or R$4.9 million, compared to 2Q17 Working capital R$218.5 million and 315 days, a decrease of 19,8% and 78 days Net debt R$28.5 milli
Slide 3: Gross revenue, volume and average price
Gross revenue: • R$82.0 million (-24.3%) in 2Q18 • R$148.2million (-17.1%) in 1H18 Volume: 685 1.154 1.002 • 528 thousand (-22.9%) in 2Q18 528 • 1,002 Thousand (-13.2%) in 1H18 155 152 152 146 Average Price : • R$152 (-1.8) in 2Q18 2Q17 2Q18 2017 2018 Volume (000') Average Price (R$) • R$146 (-4.3%)
Slide 4: Gross profit and gross margin
Gross Profit: Gross Margin : • R$37.2 million (-17.0%) in 2Q18 • 53.0% (+2.6 p.p.) in 2Q18 •R$61.6 million (-12.7%) in 1H18 •49.2% (+0.9 p.p.) in 1H18
Slide 5: Sales and administrative expenses
SALES EXPENSES 57.5 29.8 53.6 25.2 Sales Expenses: 42.8% • R$25.2 million (-15.6%) in 2Q18 33.6% 35.9% 39.3% •R$53.6 million (-6.8%) in 1H18 2Q17 2Q18 2017 2018 Sales Expenses (R$ M) Net Revenue (%) 18.1 8.4 17.3 8.2 Administrative Expenses: • R$8.2 million (-2.4%) in 2Q18 13.8% • R$17.3 million (-4
Slide 6: Adjusted EBITDA and adjusted EBITDA margin
ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN 11.5 3.6 8.0 2.5% -0.6% 12.9% 11.4% -0.8 2Q17 2Q18 2017 2018 Adjusted EBITDA (R$ M) Adjusted EBITDA Margin (%) Adjusted EBITDA : Adjusted EBITDA Margin : • R$8.0 million (-30.5%) in 2Q18 • 11.4% (-1.5 p.p.) in 2Q18 • -R$0.8 million in 1H18 • -0.6% (-3,1 p.p
Slide 7: Working capital
R$ million 2Q17 Days 2Q18 Days (+) Accounts receivable 184,5 194 146,6 165 (+) Inventories 144,2 289 133,8 278 (-) Accounts payable 45,0 90 61,9 129 (=) Working capital 283,8 393 218,15 315 • Accounts Receivable : -29 days • Inventories : -11 days • Accounts Payable : +39 days • Total Working Capita
Slide 8: Net debt
R$ milhões 30/06/201717 30/03/2018 30/06/2018 Gross debt (119,2) (88,5) (101,2) (-) Cash 36,5 26,8 47,1 (=) (Debt)/Net cash (82,7) (61,7) (54,1) NET DEBT • R$28.6 million drop (-34.6%) compared to June 30, 2017 • R$7.6 million decrease against position on March 31, 2018
Slide 9: General background information disclaimer
The material that follows is a presentation of general background information about Technos S.A. and its subsidiaries (the “Company”), as of the date of the presentation, solely for meetings held with potential investors in connection with the proposed offering outside of Brazil of common shares of