Corporate Presentation 4th Quarter 2015
Highlights Over 50% increase in exports volume in 2015 compared Exports to 2014 Payment of 50% of 2015 financial year Dividends adjusted Net Profits 2015 EBITDA Margin of 17,7% compared Deca to 17,0% in 2014 Temporary shutdown of activities in Capacity Itapetininga plant Utilization 1
Consolidated Financial Highlights Consolidated Net Revenues (R$ million) % Foreign Market over Total Net Revenue 2
Consolidated Financial Highlights 3
Brazil’s Wood Panel Market In ‘000 m 3 MDF Market Annual Effective Capacity: 5.170 -8,9% -21,7% -19,9% MDP Market Annual Effective Capacity: 4.030 -14,9% -18,6% 7,9% 4
Operational Highlights Wood Shipments (in ‘000 m 3 ) Installed Capacity and Occupancy Rate in the Quarter -20% -10,4% -5,4% 5
Financial Highlights Wood Net Revenue (R$ million) and Recuring EBITDA (R$ million) and Gross Margin (%) EBITDA Margin (%) 31,9% 23,6% 22,1% 27,4% 22,9% 25,9% 29,9% 27,3% 23,5% 30,5% -14,7% -40,9% -1,7% -8,1% -17,8% -14,1% 6
Building Material Industry 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 7 Source: Brazilian Building Material Industry Association
Operational Highlights Deca Shipments (in ‘000 items) Installed Capacity and Occupancy Rate in the Quarter * +4,9% -2,3% -10,9% 8 * Includes1.215k items from Corona
Financial Highlights Deca Net Revenue (R$ million) and Recuring EBITDA (R$ million) and Gross Margin (%) EBITDA Margin (%) 11,0% 18,3% 14,3% 17,0% 17,7% 31,4% 17,6% 31,6% 28,5% 30,6% +7,2% +39,9% +1,7% +6,1% -8,8% -28,3% 9
Consolidated CAPEX and Main Investments In R$ million 3.234 Main Projects in 2015 832,2 Corona Acquisition 635,8 601,5 607,9 556,2 CAETEX: R$ 10 MM Investment/year Foreign Investments: R$ 28,2MM 10
Indebtedness Amortization Schedule (R$ M) Debt Origin (%) 11 * 100% Hedge
Strategic Positioning Capacity Evolution +105,9% WOOD (in `000 m³) 2007 2008 2009 2010 2011 2012 2013* 2014 2015 MDF 553 850 1.530 1.530 1.530 1.600 2.100 2.100 2.100 MDP 1.275 1.620 1.620 1.620 1.620 1.670 1.870 1.870 1.870 Hardboard 195 195 195 195 195 195 195 195 195 2.023 2.665 3.345 3.345 3.345 3.465 4.165 4.165 4.165 TOTAL DECA (in `000 items) 2007 2008 2009 2010 2011 2012 2013* 2014 2015 Metals 14.400 15.600 15.800 15.800 17.000 18.200 24.600 25.800 25.800 Sanitary Ware 3.800 6.200 7.200 7.200 9.800 9.800 12.250 12.250 11.460 TOTAL 18.200 21.800 23.000 23.000 26.800 28.000 36.850 38.050 37.260 +104,7% Our focus in 2016 Priorities: 2007 to 2014 Internal Agenda Increase of capacity through expansion and - Improvement in logistic acquisition - Duratex Management System Integration Duratex and Satipel - Zero Based Budget - Improvement in Working Capital Acquisition of 6 companies in this period with integration of the acquired companies Significant increase in exports CAPEX prioritized in sustaining and productivity Geographical and product diversification Corona integration: capture synergy Hydra/Corona Corporate Governance Consolidation Production capacity adjustment to demand Increase of Market Share Expansion in adjacent sectors of civil 12 Customer Service construction (M&A)
Disclaimer 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. February 2016 13 13
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