1q13 presentation of results

7/30/2019 1Q13 Presentation of Results

1/20

Presentation of 1Q13 Results


2/20

Disclaimer

This presentation may include declarations about Mills expectations regarding future

events or results. All declarations based upon future expectations, rather than

historical facts, are subject to various risks and uncertainties. Mills cannot guarantee

that such declarations will prove to be correct. These risks and uncertainties includefactors related to the following: the Brazilian economy, capital markets, infrastructure,

real estate and oil & gas sectors, among others, and governmental rules, that are

subject to change without prior notice. To obtain further information on factors that

may give rise to results different from those forecast by Mills, please consult the

reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).

2


3/20

Agenda

1Q13 Results

Growth plan

3


4/20

145.0

164.0175.1 175.1

193.5 199.1211.1

222.2 222.2

246.8 239.9

52.8 58.0 50.859.9

76.486.2 84.4

96.1 90.4 91.7102.0

22.2 22.6 17.8 23.829.5 32.7

39.2 38.0 34.741.6 39.3

36.4% 35.4%

29.0%34.2%

39.5%

43.3%

40.0%

43.2%40.7%

37.1% 42.5%

13.8% 12.7%

8.6%11.1%

14.2% 15.1% 13.6%15.8%

14.5%14.5% 14.9%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0.0

50.0

100.0

150.0

200.0

250.0

300.0

1Q11 2Q11 3Q11 3Q11* 4Q11 1Q12 2Q12 3Q12 3Q12* 4Q12 1Q13

Net Revenues EBITDA Net Income EBITDA Margin ROIC

1Q13 Highlights

41 ROIC: Return on Invested Capital

In R$ million

* Excluding the negative impact of R$ 9.1 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in theamount of R$ 6.8 million in 3Q12

New

Record

1Q13/1Q12

1Q13/4Q12 - 2.8% + 11.2% + 540 bps + 40 bps- 5.7%

+ 20.5% + 18.2% - 80 bps - 20 bps+ 20.2%


5/20

Net revenues reached R$ 239.9 million in 1Q13

5

Rental

71%

Technical

Support

Services

18%

Sales

8%

Others

3%

Per type of service

Heavy

Construction

19%

Jahu -

Residential

and

Commercial27%

IndustrialServices

21%

Rental

32%

Per business segment


6/20

Heavy Construction Financial performance

1 ROIC: Return on Invested Capital6

In R$ million

* Excluding the negative impact of R$ 5.8 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in the amount of R$1.5 million in 3Q12

31.8

30.6

33.2

33.2

36.1

39.3

41.9

45.5 45.547.3 47.5

15.6

14.1

8.6

14.4

19.5 18.921.2

24.122.8

20.2

24.3

48.9%46.2%

26.0%

43.5%

54.0%

48.0%

50.6%

52.9%50.2%

42.7%

51.3%

14.4%12.1%

4.5%

12.0%

17.5% 16.6% 17.8%19.7%

18.3%

14.8%

18.6%

0%

10%

20%

30%

40%

50%

60%

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

1Q11 2Q11 3Q11 3Q11* 4Q11 1Q12 2Q12 3Q12 3Q12* 4Q12 1Q13

Net Revenues EBITDA EBITDA Margin ROIC

+ 20.7% + 29.0% + 330 bps + 200 bps

+ 0.4% + 20.7% + 860 bps + 380 bps

1Q13/1TQ2

1Q13/4Q12


7/207

Important contracts per stage in the evolution of monthly revenue from the heavy

construction projectsNew

contracts*Contracts with

growing volume ofequipment

Contracts with highvolume of equipment

Contracts in thedemobilization process

Source: Mills

Time

RevenueIndex

(Basis100=Maximumm

onthlyrevenuein

thelifeofconstruction)

Newcontracts*

New phases ofBelo Monte hydroeletric powerplantOeste Leste railway New stretches of Subway lines 4 and 5 - SP New stretches of Monorail lines 2 and Silver

New stretches of Fortaleza BRT and airport BRT Belo Horizonte BRT Sul Distrito Federal

New stretches ofNorte-Sul railway Expansion of theAtlntico Sulshipyard Navy base shipyardParaguau shipyard

Duplication of the BR-101

Northeast regionVales mine and railway Companhia Siderrgica de Pecm steel mill

Belo Monte hydroelectricpowerplantNorte-Sulrailway Monorail line Gold Subway lines 4 RJ and 5 SP

Guarulhos airport Braslia airport BRT Fortaleza Light rail Cuiab East Ring road SPAu portPorto Maravilha

Surroundings of the Maracanstadium Surroundings of theCorinthians Arena

Jirau, Colderand Teles Pireshydroelectric powerplantsAbreu e Lima refineryComperjrefinery Monorail line Silver - SP

Viracopos airport Manaus airport BR-448 BRT Transcarioca Metropolitan arch RJ

Paranaenses arena Beira-Rio stadium

Subway line 2 - SP CSN steel plantTransordestina railway BRT BelmSerra Leste mine


8/20

Heavy Construction - Construction works in progress

8

ParanaensesArenaCuritiba, PR

BRT TranscariocaRio de Janeiro, RJ

Main products: Alumills and MillstourMain products: SM Mills, Self-climbing formwork, Aluma formwork and Ladderscaffolding


9/20

The construction work related to World Cup and Olympic events represented 25%

of the Heavy Construction business segments 1Q13 revenue

9

Source: 4th 2014 World Cup Report and Mills

1Q13 RevenueR$ 47.5 million

World Cup and

Olympics25%

Industry31%

Infrastructure34%

Others9%

4.2

2.9

9.0

6.8

0.7

Stadiums Urban mobility Airports Ports

In progess

Concluded

Investments in Infrastructure for the 2014 World CupTotal: R$ 23.6 bi llion

1 7 of the 30 airport projects were concluded, however there is no information abouttheir investments


10/20

Jahu Residential and Commercial Financial performance

10

In R$ million

* Excluding the positive effect of R$ 5.3 million of tax contingency reversal in 3Q121 ROIC: Return on Invested Capital

29.2

34.7

39.4

52.5 52.5

58.960.5 60.5

66.0 64.9

12.3 13.516.4

23.926.3 27.2

33.8

29.426.1

27.7

42.0%

38.8%41.6%

45.5%

50.1%

46.1%

55.9%

48.6%

39.6%

42.8%

15.2%

13.0%12.5%

16.3% 15.6% 14.8%

20.2%

16.9%

12.6% 12.8%

0%

10%

20%

30%

40%

50%

60%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 3Q12* 4Q12 1Q13


- 1.8% + 6.1% + 320 bps + 20 bps1Q13/4Q12

+ 23.6% + 5.5% - 730 bps - 280 bps1Q13/1Q12


11/2011

Commercial projects contributed 37% of 1Q13 equipment rental revenues

In R$ million

19%12%

17%

7%

18%

32% 45% 36%

43%

32%

32%

34%34% 36% 37%

9%

3%2%

1% 1%

8% 6% 11% 13% 12%

45.3 48.5 49.2 49.9 53.3

1Q12 2Q12 3Q12 4Q12 1Q13

Others

Industrial

Commercial

Residential - others

Residential - listed

companies

Residential51 %

Residential57 %

Residential53 %

Residential50%

Residential50%


12/2012

Jahu - Commercial works in progress

Hotel Mercure and IbisRio de Janeiro, RJ

Boulevard Londrina ShoppingLondrina, PR

Torre Matarazzo PaulistaSo Paulo, SP

Port Corporate TowerRio de Janeiro, RJ


13/20

Industrial Services Financial performance

131 ROIC: Return On Invested Capital

In R$ million

- 13.2% - 25.3% - 200 bps - 440 bps

50.2

57.5 56.9

50.2 50.9

54.8

48.8

59.3

51.5

6.18.1

4.1

2.3

6.24.7

0.1

8.46.3

12.2%

14.2%

7.2%

4.7%

12.1%

8.5%

0.2%

14.2%

12.2%

9.6%

14.2%

3.2%

-1.2%

7.5%

3.9%

-6.2%

13.3%

8.9%

-10%

-5%

0%

5%

10%

15%

20%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13


1Q13/4Q12

+ 1.2% + 2.0% + 10 bps + 140 bps1Q13/1Q12


14/20

Oil and Gas

on-shore

22%

Oil and Gas

off-shore

9%

Petrochemical

28%Pulp and Paper

3%

Steel and Mining

4%

Others

35%

Maintenance

57%

New plants

43%

Oil and Gas contracts represented 31% of net revenue in 1Q13

14

Per type Per industry

1Q13 RevenueR$ 51.5 million


15/20

Rental Financial Performance

15

In R$ million

* Excluding the negative effect of R$ 3.3 million of Allowance for Doubtful Debt (ADD) in 3Q11

1 ROIC: Return on Invested Capital

33.7

41.2

45.6 45.6

54.956.5 55.4

67.4

74.276.1

18.922.3 21.7

25.0

30.7

34.931.4

38.0 36.9

43.6

56.0%54.1%

47.6%

54.8% 56.0%

61.8%

56.6%

56.5%

49.8%

57.3%

17.3%

17.1%

12.9%

16.0%18.6%

20.3%

16 .3 % 1 6.3 % 16.9%19.1%

0%

10%

20%

30%

40%

50%

60%

70%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

1Q11 2Q11 3Q11 3Q11* 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13


+ 2.6% + 18.0% + 750 bps + 220 bps1Q13/4Q12

+ 34.8% + 24.9% - 450 bps - 120 bps1Q13/1Q12


16/20

Rental Recognition Award

16

IDF Award (ndice de Desempenho Fornecedor- Supplier Performance Index) from Vale: best material supplier forVale in Brazil.


17/20

Agenda

1Q13 Results

Growth plan

17


18/20

18

Evolution of the number of branches

5 6 6 6 6 68

5 6

14 1516

16

4

44

66

7

7

44

14

1617

18

2007 2008 2009 2010 2011 2012 Colunas1 1Q13

Rental

Industrial Services

Jahu - Residential and

Commercial

Heavy Construction

9

1920

40

43

46

49+3


19/20

19

We invested R$ 120 million in rental equipment in 1Q13, equivalent to 41% of our 2013

budget

2013 Capex(%)

40%

22%

3%

68%

in R$ million

Capex

2254

25

112

0

6

73

124

0

50

100

150

200

250

300

350

400

450

1Q13 2013 Budget

Rental

Industrial Services

Jahu - Residential and Commercial

Heavy Construction

120

296


20/20

Presentation of 1Q13 Results

Mills Investor Relations

Tel.: +55 (21) 2123-3700

E-mail: [email protected]

www.mills.com.br/ri
mailto:[email protected]:[email protected]

1q13 presentation of results

Documents