RESULTS
PRESENTATION
4Q24
I M P O R T A N T
INFORMATION
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Any statements that may be made during this videoconference, relating to the business prospects, projections and operating/financial goals of the Company, express beliefs and assumptions of Fras-le's Management, as well as information currently available to the Company. Forward-looking statements are not guarantees of performance and involve risks, uncertainties and assumptions, as they refer to future events and, therefore, depend on circumstances that may or may not occur.
Investors should understand that general economic conditions, industry conditions and other operating factors may affect the Company's future results, and may lead to results that differ materially from those expressed in such forward-looking statements.
EARNINGS RELEASE 4Q24 | 02 |
W E L C O M E !
P A R T I C I P A N T S I N O U R 4 Q 2 4 C O N F E R E N C E C A L L :
SÉRGIO L. CARVALHO | ANDERSON PONTALTI | HEMERSON DE SOUZA | MARIANA GUIMARÃES | ESTEBAN ANGELETTI |
PRESIDENT AND CEO FRASLE | COO | IR BUSINESS AND M&A DIRECTOR | IR MANAGER | IR AND FINANCE DIRECTOR |
MOBILITY AND CEO RANDONCORP | FRASLE MOBILITY | OF FRASLE MOBILITY | FRASLE MOBILITY | RANDONCORP |
GUEST |
EARNINGS RELEASE 4Q24 | 03 |
Q U A R T E R E V E N T S
FRASLE MOBILITY UNIVERSE
INVESTOR DAY
The Universe Frasle Mobility 2024 took place in a hybrid format on December 4th, bringing together investors and capital market analysts in Caxias do Sul/RS. The fifth edition aimed to bring investors closer to the company's business strategies, innovation, ESG, and long-term planning.
SUSTAINABLE BOILER
In December, the manufacturing plant in Caxias do Sul/RS inaugurated the Caldeira Verde. The project involves replacing the use of natural gas with biomass for steam generation, which is necessary for the pressing process of brake pads and linings. This initiative is responsible for reducing the operation's greenhouse gas emissions, representing a 60% reduction in its own emissions.
BRANDS AWARD OFICINA/CINAU
Our brands stood out in the awards, achieving first place as the most purchased and remembered brand.
Brake Pad - Fras-le
Steering bar, Direction terminal and Suspension Pivot - Nakata Brake Disc - Fremax
Master Cylinder and Vacuum Booster -
Controil
EARNINGS RELEASE 4Q24 | 04 |
H I G H L I G H T S
2024
NET REVENUE FOREIGN MARKET
R$ 4.0 B | US$ 289.7 M |
+17.0% | +17.7% |
vs. 2023 | vs. 2023 |
Guidance | Guidance |
R$ 3.7 - 4.0 B | US$ 250 - 290 M |
ADJUSTED EBITDA MARGIN
18.4%
-1.2 p.p.
vs. 2023
Guidance
17% - 21%
INVESTMENTS
R$ 165.8 M
+24.0%
vs. 2023
Guidance
R$ 130 - 170 M
EARNINGS RELEASE 4Q24 | 05 |
D A C O M S A
OUR RECENT ACQUISITION IN MEXICO
ESTIMATED SYNERGIES
5 YEARS
INCREMENTAL EBITDA ADDED
~R$ 300 million
MAIN FIGURES
DATA FOR THE YEAR 2023
REVENUES
- Launch of new lines - Frasle Mobility in Mexico
- Access to new distribution channels and customers
COSTS
- Improved operational efficiency in factories
- Consolidate sourcing of finished products
- Consolidate raw material sourcing
- Operations, costs and logistics..
FUNDING
~$2.2 BILLION PAID FOR THE ACQUISITION:
- ~ R$ 450MM PAID FROM OWN RESOURCES;
- ~ R$ 750MM RAISED PER DEBENTURE;
- ~ R$ 1 BILLION RAISED BY DACOMSA (LOAN AGREEMENT).
SALES IN | IAM | LIGHT LINE | EMPLOYEES | ADJUSTED EBITDA | EBITDA MARGIN | NET REVENUE |
DOMESTIC MARKET | Manufacturer | ADJUSTED | ||||
90% | Independent Aftermarket | 89% | R$ 313 M | ~21% | R$ 1.4 BI | |
100% | 1,975 | |||||
MXN 1.06 BI | MXN 4.8 BI |
EARNINGS RELEASE 4Q24 | 06 |
N E T R E V E N U E
R$ MILLION
NET REVENUE
+ 49.4%
+ 6.9%
+ 17.0%
3965.8 3388.7
Revenue by market 4Q24
FOREIGN MARKET (US$)
+ 103.9%
+ 17.7%
+ 7.5%
246.1 | 289.7 |
36%1232.2
1562.239%
741.3 | 841.3 | 980.3 | 1036.5 | 1107.8 | ||||
40% | ||||||||
25%185.8 | 41%341.9 | 392.5 | .7 | |||||
40% | 38% | 439.2 | ||||||
75%5 .5 | 59%4 .4 | 60% | 62% | 60% | ||||
587.8 | 47.8 | 68.6 | ||||||
4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 | ||||
Domestic Market | Foreign Market |
2156.5 | 61% |
64% | 2403.6 |
2023 | 2024 |
37.0 | 69.0 | 75.2 | 70.1 | 75.3 |
4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 2023 | 2024 |
EARNINGS RELEASE 4Q24 | 07 |
S E G M E N T S A N D P R O D U C T S | Revenue by segment 4Q24 |
68% | 32% |
4Q24 | |
FRICTION | BRAKE SYSTEM | SUSPENSION, STEERING | OTHER |
AND POWERTRAIN |
% | 90% | 97% | % | |
38 | L I G H T | L I G H T | 87 | |
L I G H T | L I G H T |
62% | 10% | 3% | 13% |
C O M M E R C I A L | C O M M E R C I A L | C O M M E R C I A L | C O M M E R C I A L |
EARNINGS RELEASE 4Q24 | 08 |
O P E R A T I O N A L P E R F O R M A N C E
R$ MILLION
CAUSAL ADJUSTED EBITDA
EBITDA Margin - Adjusted | EBITDA Margin | |||
13.2% | 18.3% | 16.6% | 18.9% | 19.6% |
19.9% | ||||
15.3% | 18.3% | 18.4% | ||
11.5% | ||||
4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 |
+107.3 M | |||
366.5 | -3.4 M | ||
-157.5 | -57.4 | 220.4 | 2.0 | 217.0 | |||
-18.3 | |||||||
-26.0 | -2.4 | -3.0 | |||||
113.1 | Changes in the Argentine | ||||||
economic scenario and their |
inflationary effects, detailed in
ourModeling Guide.
E B I T D A | N et O p er at i n g | C O G S ( ex |
4 Q 2 3 | R ev en u es | d ep r ec i at i o n ) |
S el l i n g | G en er al & | O t h er I n c o m e/ | E B I T D A | B u si n ess | A sset | F an ac i f |
E x p en ses | A d m i n i st r a t i v e | E x p en ses | 4Q 2 4 | c o m b i n at i o n | i m p ai r m e n t | R est r u c t u r i n g |
E xp en ses | u p d at e |
E B I T D A 4Q 2 4 A d j u st ed
EARNINGS RELEASE 4Q24 | 09 |
F I N A N C I A L P E R F O R M A N C E
R$ MILLION
OPERATING CASH FLOW
677.9
24.1
(165.8)
(168.6) | 293.6 |
(74.0)
EBITDA 9M24 | Investment s | Financial | Income and Social | Working | Operating |
R e sul t | Ta x e s | Cap. Variation | Cash Flow 9M24 |
CAPEX
WORKING CAPITAL
EARNINGS RELEASE 4Q24 | 10 |