apresentação do powerpoint · consolidated financial highlights consolidated net revenues (r$...
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Corporate Presentation
1st Quarter 2016
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Highlights
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Increase of 80% in volume when compared to the same period in 2015
Colombian subsidiary is presenting excelent results. A tender offer was made for the Company’s delisting
Capital funding of R$ 675 million for 6 years with 98% of CDI
Wood: Increase in MDP price in March and MDF in April
Deca: price increase in all portfolio starting in April
Exports
Tablemac
Price
Bond
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Consolidated Financial Highlights
Consolidated Net Revenues (R$ million)
% Foreign Market over Total Net Revenue
2
(in R$ million) 1Q16 4Q15 % 1Q15 %
Net Revenue 901,4 955,0 -5,6% 1.001,5 -10,0%
Wood Division Brazil 502,9 525,1 -4,2% 593,2 -15,2%
Tablemac 105,5 99,2 6,4% 72,2 46,1%
Deca 292,9 330,7 -11,4% 336,0 -12,8%
Recurring Gross Margin 22,2% 25,2% 29,6%
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Consolidated Financial Highlights
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(in R$ million) - Brazil 1Q16 4Q15 Var % 1Q15 Var %
Deca Sales Volume (in '000 items) 6.218 6.249 -0,5% 6.718 -7,4%
Deca Shipment Volume (in '000 items) 5.422 6.217 -12,8% 6.692 -19,0%
Wood Volume (in m3) 532.984 528.331 0,9% 653.127 -18,4%
Recurrent EBITDA 76,1 157,6 -51,7% 199,3 -61,8%
Recurrent EBITDA Margin 9,6% 18,4% - 21,5% -
Recurrent Net Profit -42,1 62,2 -167,7% 61,5 -168,5%
Recurrent ROE -3,8% 5,4% - 5,4% -
Colombia 1Q16 4Q15 Var % 1Q15 Var %
Wood Volume (in m3) 68.000 67.295 1,0% 57.782 17,7%
Recurrent EBITDA 30,2 27,8 8,6% 15,1 100%
Recurrent EBITDA Margin 28,6% 28,0% - 20,9% -
Recurrent Net Profit 12,6 14,0 -10,4% 7,0 80,9%
Consolidated 1Q16 4Q15 Var % 1Q15 Var %
Deca Sales Volume (in '000 items) 6.218 6.249 -0,5% 6.718 -7,4%
Deca Shipment Volume (in '000 items) 5.422 6.217 -12,8% 6.692 -19,0%
Wood Volume (in m3) 600.984 595.626 0,9% 710.909 -15,5%
Recurrent EBITDA 106,3 185,3 -42,7% 214,4 -50,4%
Recurrent EBITDA Margin 11,8% 19,4% - 21,4% -
Recurrent Net Profit -29,6 76,2 -138,8% 68,5 -143,2%
Recurrent ROE -2,6% 6,5% - 5,9% -
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Brazil’s Wood Panel Market In ‘000 m3
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MDF Market
MDP Markey
Annual Effective Capacity: 5.170
Annual Effective Capacity: 4.030
-8,9%
13,4%
-8,5%
-14,9%
-1,6%
-14,9%
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Operational Highlights Wood
Installed Capacity and Occupancy Rate
in the Quarter*
Shipments (in ‘000 m3)
5 * Considering Itapetininga’s capacity for the calculation
+0,9%
-15,5%
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Financial Highlights Wood
Net Revenue (R$ million) and
Gross Margin (%)
Recuring EBITDA (R$ million) and
EBITDA Margin (%)
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-2,5%
28,1%
-8,6%
-48,8%
-54,1%
23,5% 20,2% 23,1% 22,1% 11,6%
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Building Material Industry
Source: Brazilian Building Material Industry Association
ABRAMAT INDEX – INTERNAL MARKET
Measures growth in revenue of building materials in the internal market, relative performance to the
same period in the previous year
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Operational Highlights
Installed Capacity and Occupancy Rate
in the Quarter
Shipments (in ‘000 items)
Deca
**
-12,8%
-19,0%
*
For 1Q16 the sales volume was of 6.2 million items, with a great concentration in the end of the month of March, that was shipped in April ( 800k items)
8 * Includes 536k items from Corona
** Includes 233k items from Corona
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Financial Highlights Deca
Net Revenue (R$ million) and
Gross Margin (%)
Recuring EBITDA (R$ million) and
EBITDA Margin (%)
9
32,5% 28,5% 26,4% 18,0% 14,3% 12,2%
-11,4%
-12,8%
-24,8%
-41,0%
For 1Q16 the sales volume was of 6.2 million items, with a great concentration in the end of the month of March, that was shipped in April ( 800k items)
Corresponding to R$ 36 million of Net Revenue and an additional EBITDA of R$ 11.2million
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Consolidated CAPEX and Main Investments
In R$ million
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3.719,6
635,8
832,2
601,5 607,9 556,2
486,0
Main Projetcs of 2016
Delisting of Colombian
subsidiary Tablemac
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Indebtedness
Amortization Schedule (R$ M) Debt Origin(%)
* 100% Hedge
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Main actions for the year of 2016
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Duratex Management System (Falconi) and Zero Based Budget
Optimization of operational processes (logistics, sales and inventory management)
Increase in exports
CAPEX restricted to maintenance
Capacity adjusted to current market
Internal Agenda
Management
External Market
CAPEX
Capacity Utilization
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Disclaimer
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The information contained herein was prepared by Duratex S.A. and does not
constitute an offering material, to subscribe for or purchase any of the Company’s securities.
This material also brings general information about Duratex S.A. and its markets. No
representation or warranty, express or implied, is made concerning, and no reliance should be
placed on, the accuracy, fairness or completeness of the information presented herein.
The Company can give no assurance that expectations disclosed in this presentation will be
confirmed.
April 2016
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