Press Release Presentation 3Q14
Transcript of Press Release Presentation 3Q14
3Q14RESULTS
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Record quarterly performance for Kepler Weber
• Net Revenues: 52.4% increase to R$254.3 million, reflecting the excellent climate for agribusiness and the Company’s successful diversification strategy.
• Gross Profit: R$68.3 million, up by 29.6%, resulting mainly from productivity gains and an increase in volumes.
• Net Income: highest-ever quarterly growth of 72.7% to R$34.2 million, due to improved operating results.
• EBITDA: R$58.4 million, an increase of 63.3% with a best-in-class margin of 22.9%.
• Cash generation reached R$118.3 million, a significant improvement over the same period of the previous year (R$95.4 million in 3Q13).
• Net Debt at the end of 3Q14 was minus R$116.5 million, a reduction of R$114.3 million against the position at the end of 2013.
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Sales – R$ Thousand
30,951
212,165
+27,650(+11%)
3T14
282,850
32,2499,704
34,896
206,000
3T13
255,200
1,45810,625
Exports +13% Bulk Handling +2.111%
Parts and Services -9%Storage -3%
9M13
657,337
50,922
24,32778,720
503,367
+229,675(+35%)
9M14
887,013
77,34425,391
82,284
701,994
Exports +5% Bulk Handling +52%
Parts and Services +4%Storage +39%
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PRODUCTION –TONS. OUTPUT –TONS.
NET REVENUE – R$ ThousandBACK LOG – R$ Thousand
25,439
3Q13
18,495
9M14
+6,944(+38%)
9M13
64,937
3Q14
46,200
18,737(29%)
+68,381(+22%)
381,482
SEP/14SET/14SEP/13
313,101
19,590(26%)
+8,882(+43%)
74,790
YTD13 YTD14
55,200
3Q14
29,66820,786
3Q13
166,926
3Q14
254,348
3Q13 YTD14
+239,075(+58%)
+87,422(+52%)
654,301
YTD13
415,226
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GROSS PROFIT (R$ Thousand) GROSS MARGIN (%)
CONTRIBUTION MARGINNet Revenue (-) Variable Costs
Gross profit increase boosted by gains in operational efficiency
68,321
3Q13
27%
3Q14
52,716
32%
+58,428(+53%)
+15,605(+30%)
YTD14
167,986
26%
YTD13
109,558
26%
YTD14YTD133Q13
45%39%41%40%
3Q14
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EBITDA (R$ Thousand)EBITDA MARGIN (%)
EBITDANet Income (R$ thousands) 3Q14 3Q13 Δ% 9M14 9M13 Δ%
Income for the Period 34,247 19,751 +73.4% 83,088 37,050 +124.3%
(+) Provision for Income and Social Contribution Taxes – Current and Deferred
13,322 12,826 +3.9% 33,629 20,113 +67.2%
(+) Financial Revenues (7,410) (6,360) +16.5% (19,653) (13,329) +47.4%
(+) Financial Expenses 13,707 5,768 +137.6% 28,087 16,611 +69.1%
(+) Depreciation and Amortization 4,491 3,744 +20.0% 12,647 11,509 +9.9%
EBITDA 58,357 35,729 +63.3% 137,798 71,954 +91.5%
21%35,72921%
YTD13
71,954
17%
3Q14
58,357
23%
3Q13 YTD14
+65,844(+92%)
137,798
+22,628(+63%)
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INDEBTEDNESSDebt (R$ thousands) 3Q14 2013 Var (%)
EXIM Pré-Embarque 12,528 8,429 +48.6%
FINAME PSI 1,406 1,019 +38.0%
FINIMP 10,566 885 +1093.9%
FINEP 3,509 3,509 -
Debentures 6,887 17,426 -60.5%
Short Term 34,896 31,268 11.6%
EXIM Pré-Embarque 7,308 16,859 -56.7%
FINAME PSI 8,488 8,424 +0.8%
FINEP 16,082 18,715 -14.1%
Debentures 34,432 40,540 -15.1%
Long Term 66,310 84,538 -21.6%
Total Debt 101,206 115,806 -12.6%
Cash and Cash Equivalents (Current and Non-Current) (217,697) (117,999) +84.5%
Net debt (116,491) (2,193) +5211.9%
-2,193
-116,491
3Q14
-114,298(+5,212%)
2013Long Term
(116.491)
(18.228)
Cash 3Q14Short Term
(99.698)
2013
3.628
(2.193)
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NET PROFIT IN THE PERIOD (R$ Thousand)% OF NET INCOME
YTD13
13%
34,247
13%
3Q13
19,751
12%
YTD14
+46,038(+124.3%)
+14,496(+73%)
83,088
37,050
9%
3Q14
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Banco ClássicoSul América Expertise FIA
4.19%
Banco do Brasil Investimentos17.46%
9.94% Fernando Francisco Brochado Heller
12.05%
Previ
17.48%
38.88%Other Minority
Ownership Breakdown
09/30/2014
Olivier Michel Colas Felipe Fontes Vice-President Executive Officer IR Analyst
THANK YOU !
Tel.: +55 (11) 4873-0302E-mail: [email protected]
Website: www.kepler.com.br/ri
Investor Relations