Earnings Release 2Q20
HIGHLIGHTS OF 2Q20 Adjusted EBITDA of R$ 55.6 million in 2Q20 with a growth of 19.1% in relation to 2Q19 Company held a public Offer made with Migration to the Funds needed for the offering of shares, raising Novo Mercado within 6 expansion plan: R$ 1.2 billion R$ 405 million months Pro forma Net Operating revenue Net debt/Adjusted EBITDA Investments Net debt/Adjusted EBITDA R$ 241.1 million R$ 14.1 million 2.94 x 2.16 x + 7.2 % in relation to 2Q19 in 2Q20 - 24.4 % in relation to 2Q19 Note: The Economic, Financial and Operational information reflects the exclusion of the discontinued operation.
RESULTS 2Q20 Net Revenue and % of Net profit (loss) Adjusted EBITDA and Margin exports [R$ million] [R$ million] [R$ million] +19.1 % +7.2 % 240,984 224,846 55,601 26.8% 23.7% 46,701 15,298 23.1% 20.8% -3.253 2Q19 2Q20 2Q19 2Q20 2Q19 2Q20
RESULTS 2Q20 Corrugated Containerboard Packaging Sales Volume Average Prices ABPO Irani Irani +2.6% -0.5% -3.2% [metric ton] [R$/metric ton] 4,403 4,290 871,540 33,187 843,514 33,351 +1.9% -3.4% +0.2% [R$/thousand m²] [thousand m²] 2,073 1,694,827 2,035 1,637,964 70,187 70,051 2Q19 2Q20 2Q19 2Q20 2Q19 2Q20
RESULTS 2Q20 Paper for Packaging Total sales Average Prices +21.1 % [metric ton] [R$/metric ton] 37,531 30,995 20,851 3,961 +3.7 % 3,819 22,608 Paper for sacks 16,680 2,260 +5.4 % 2,381 Containerboard 8,387 2Q19 2Q20 2Q19 2Q20
RESULTS 2Q20 RS Forests and Resins Sale of Gum Rosin and Turpentine Average Prices of Gum Rosin Average Prices of Turpentine [metric ton] [R$/ metric ton] [R$/metric ton] -0.4 % +17.6 % -39.8 % 17,196 4,541 3,956 3,942 3,863 10,345 2Q19 2Q20 2Q19 2Q20 2Q19 2Q20
INDEBTEDNESS Indebtedness and Net Debt/EBITDA The average cost of debt was 6.86% per annum Gross Debt Profile 967.3 922.4 813.3 825.0 838.3 817.8 786.9 145.4 198.1 776.8 National 132.2 110.0 85.7 98.6 currency 777.0 108.2 Foreign 769.3 94% 633.5 168.1 727.6 728.3 currency 719.2 692.7 678.7 6% 608.8 137.7 Cash balance [R$ million] 408.3 495.8 Net Debt [R$ million] 368.7 331.2 97.9 Gross Debt [R$ Long-term debt 5.88 million] 83.4 72% 15.2 280.4 285.3 310.4 Net Debt/Adjusted 4.32 4.29 3.97 EBITDA (x) 3.61 3.40 Short-term debt 3.31 2.94 3.12 3.04 Pro forma 2.69 28% 2.58 2.28 Net Debt/Adjusted 2.38 2.16 EBITDA (x) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1Q20 2Q20
Governance Framework - Strategic Projects • Management Team • Strategic Projects Manager Monthly • Planning and Controlling Manager Investment Committee Meetings • Supplies Manager • Finance Manager • Business Officers • Strategic Projects Manager Weekly Executive Committee • Planning and Controlling Manager Meetings • Supplies Manager • Health, Safety, Quality and Sustainability Manager Expansion of the Repowering Repowering Expansion of Chemical Paper Machine #2 and Utility Recovery Reform Packaging Unit - SC CGH São Luiz CGH Cristo Rei Henrique Zugman Lindomar Lima Henrique Zugman Henrique Zugman Henrique Zugman Project Owner Project Owner Project Owner Project Owner Project Owner Edemar Gab Patric Schurhaus Silvio Warken Ruy Michel Ruy Michel Project Manager Project Manager Project Manager Project Manager Project Manager Notes: Project Owner : Ensure the necessary resources for the planning, execution, control and results of the project. Project Manager: Responsible for the planning, execution, control and monitoring of the project in relation to the managerial, technical and financial aspects. HGP: Hydropower Generation Plant
Governance Framework - Strategic Projects Matrix interface Investment Committee Executive Committee Legal Health and PMO ¹ Supplies Area (...) Department Safety Project 1 Project Manager Project 2 Project Manager Project 3 Project Manager Project (...) Project team PMO - Project Management Office
INVESTOR RELATIONS TEAM Odivan Cargnin Evandro Zabott Marcos Souza Alex Sandro Mariciane Emanuel Chief Financial Accounting and Finance Manager Gabrieli Brugneroto Trevisol and Investor Investor Accounting and Investor Relations Financial Analyst Relations Officer Relations Investor Analyst Manager Relations Coordinator
DISCLAIMER This presentation may contain certain affirmations This is because a number of important factors and statements expressing beliefs and trends may cause actual results to be materially related to Irani Papel e Embalagem S.A. (“Irani” or different from the plans, objectives and "Company") and its subsidiaries, which reflect the expectations expressed herein, many of which current views and/or expectations of Irani and its are beyond the Company's control. management regarding its businesses and future The statements and information on the trends events that, although considered reasonable by reported herein are not performance the Company based on public information, may be guarantees. This presentation does not incorrect or inaccurate or may not occur. constitute the offer of materials for the subscription or purchase of Company’s securities.
Investor Relations www.irani.com.br/ri +55(49) 3527 5194 +55 (51) 3220 3542
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