presentation 1q14
TRANSCRIPT
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A quarter of record-breaking reaffirming the successful strategy of Kepler Weber
o Net Revenues: growth of 45.0% to R $ 173.3 million, reflecting the excellent time in the agribusiness market and the successful diversification of the Company's strategy.
o Gross Profit: R$43.3 million, growth of 63.4% due primarily to productivity gains and increased volumes.
o Net Profit: Historical growth for 1Q14 176.4% to R$ 23.8 million, resulting from improved operating results.
o EBITDA: R$ 34.8 million, an increase of 125.4% and a margin of 20.1%, maintaining margins with best-in-class to world levels in agribusiness.
o Cash generation: reached R$ 37.7 million, a significant increase compared to the same period last year (R$ 6 million in 1Q13).
o Net debt: at the end of the 1Q14 was negative R$ 20.8 million, a decrease of R$ 18.6 million compared to the end of 2013.
Excellent results that confirm our strategyExcellent results that confirm our strategy
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Net revenues boosted by favorable domestic market conditions and portfolio renewal strategy
NET REVENUES – R$ ThousandNET REVENUES – R$ Thousand
+45.0%
Parts and Services +43.2%
119,521
5,705 (5%)11,900 (10%)
4,377 (4%)
97,539(82%)
16,892 (10%)
20,227 (12%)8,172 (5%)
173,270
1Q14
Storage +31.2%
Bulk Handling +285.9%Exports +70.0%
1Q13
127,979(81%)
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Production –Tons. Output –Tons.
Production and output increase boosted by strong growth in demand
Backlog – R$ Thousand
+1,819(+13%)
1Q141Q13
15,51913,700
19,72916,400
+3,329(+20%)
1Q13 1T141Q14
192,500
MAR/14
+196,180(+102%)
388,680
MAR/13
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GROSS PROFIT (R$ Thousand) GROSS MARGIN (%)
CONTRIBUTION MARGINNet Revenue (-) Variable Costs
Strong growth in gross profit
Gross profit increase boosted by gains in operational efficiencyGross profit increase boosted by gains in operational efficiency
+16,800(+63%)
1Q14
43,303
25%
1Q13
26,503
22%
1Q14
1.7 p.p.
39.5%
1Q13
37.8%
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EBITDA grew by 125%, reaching a 20% margin, with margins remaining best-in-class to world levels in agribusiness
EBITDA grew by 125%, reaching a 20% margin, with margins remaining best-in-class to world levels in agribusiness
+19,345(+125%)
1Q14
34,772
20%
1Q13
15,42713%
EBITDA (R$ Thousand)EBITDA MARGIN (%)
Net Result (BRL thousand) 1Q14 1Q13 Var (%)Profit of the Period 23.774 8.600 176,4%(+) Income Tax and Social Contribution Provision - Current and Deferred 6.596 2.077 217,6%(-) Financial Revenue (7.454) (2.868) 159,9%(+) Financial Expenses 7.807 4.601 69,7%(+) Depreciation and Amortization 4.049 3.017 34,2%EBITDA 34.772 15.427 125,4%
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NET PROFIT IN THE PERIOD (R$ Thousand)% OF NET INCOME
Investments in production and portfolio diversification more than doubled the company’s net profit
1Q14
+15,174(+176%)
23,774
13.7%
1Q13
8,600
7.2%
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Priorities to sustain growth in 2014
CAPEX increase from R$ 28.1 million in 2013 to R$ 65 million. • R$ 15 million to be allocated to increase the size of the silo factory and make it the most profitable plant
in the world
Productivity gains• R$ 30 million will be used to increase productivity and reduce break-even with higher mechanization and
process simplification
Evolution of our business model:• After-sales services• Innovation• Reduction of raw material costs• Increase in sales teams outside South America
Consolidate presence in the bulk handling market• In line with Kepler Weber’s strategy to expand portfolio to new segments
Kepler Weber is well positioned to continue growing in 2014Kepler Weber is well positioned to continue growing in 2014
OWNERSHIP BREAKDOWN | STAKEHOLDERS
Banco ClássicoSul America Expertise FIA
5,21%
Banco do Brasil Investimentos17,54%
9,99%Fernando Francisco Brochado Heller
12,11%
Previ
17,56%
37,59%Other Minority
Ownership Breakdown
03/31/2014
Ownership Breakdown
03/31/2014
Olivier Michel Colas Felipe Fontes Vice-President Executive Officer IR Analyst
Tel.: +55 (11) 4873-0302E-mail: [email protected]
Website: www.kepler.com.br/ri
Investor Relations