Call de Resultados 4T14 KLBN11 EARNINGS CALL 4Q14 Earnings Call – 2Q15 JULY 24, 2015.
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Call de Resultados 4T14 KLBN11 EARNINGS CALL 4Q14 Earnings Call – 2Q15 JULY 24, 2015
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Transcript of Call de Resultados 4T14 KLBN11 EARNINGS CALL 4Q14 Earnings Call – 2Q15 JULY 24, 2015.
Call de Resultados4T14
KLBN11
EARNINGS CALL4Q14
Earnings Call – 2Q15JULY 24, 2015
Average exchange Kraftliner
ECONOMIC SCENARIO
Financeiro e RI
PIB ABPO* IBÁ**
-2.8%-3% -5%
34,9%4%
Focus`s Estimation of 23/10/2015
2015(Jan-Sep)
2015(Jan-Ago)
2014 2015(Jan-Sep)
2014 2015(Jan-Sep)
*Associação Brasileira de Papel Ondulado (ABPO)**Instituto Brasileiro de Árvore (IBÁ)
2,35
3,17
557579
HIGHLIGHTS
NET REVENUE
R$1,446 million Net revenue of R$1,446 million, 13% up on 3Q14. Year-to-date net revenue came to R$4,092 million, also 13% more than in 9M14.
EXPORT VOLUME
8% growth Export sales volume came to 154 thousand tonnes, 8% up on 3Q14 and 11% up on 2Q15, underlining Klabin’s flexibility in a scenario of a weakened Brazilian economy.
ADJUSTED EBITDA
R$520 million Adjusted EBITDA of R$520 million in the quarter, 15% higher than in the same period last year, with an EBITDA margin of 36%, versus 35% in 3Q14. In the first nine months, adjusted EBITDA totaled R$1,372 million, 13% more than in 9M14.
INVESTMENTS
R$1.1 billion Given the acceleration of the Puma Project disbursements, investments amounted to R$1,113 million in 3Q15, R$970 million of which in the new pulp mill.
PUMA PROJECT
87% complete The works for Klabin’s new 1.5 million tonnes p.a. pulp mill closed 3Q15 87% complete, with 70% of the investments already disbursed.
3Q14 3Q15
67%
31%
69%
33%467 463
3Q14 3Q15
67%
24%
76%
33%1,282
1,450-1%
+13%
SALES
Net Revenue(R$ million)
Sales volume(excluding wood – tsd tonnes)
Domestic Market Exports
922
939
1,02
7
1,08
9 1,18
0 1,28
6
1,35
1
1,42
4
1,45
2
1,50
4
1,56
2
1,60
2
1,62
7
1,65
2
1,71
8
1,75
5
1,81
2
1,88
1
EBITDA GROWTH
1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Jun-11 Sep-11 Dec-11Mar-12Jun-12 Sep-12 Dec-12Mar-13Jun-13 Sep-13 Dec-13Mar-14Jun-14 Sep-14 Dec-14Mar-15Jun-15 Sep-15
17º CONSECUTIVE QUARTER GROWTHEBITDA GROWTH
3.13
6
3.43
7
3.59
5
3.98
5
2.71
1
2.82
4
4.02
8 5.24
2
7.44
0
8.14
4
11.6
14
2,2 2,4 2,4 2,6
1,7 1,7
2,4
3,0
4,24,5
6,2
2,2 2,2 2,3 2,4
1,7 1,82,3
2,7
3,33,8
4,6
0,00,51,01,52,02,53,03,54,04,55,05,56,06,57,0
-
2.000
4.000
6.000
8.000
10.000
12.000
14.000
16.000
18.000
20.000 M
ar-1
3
Jun-
13
Sep
-13
Dec
-13
Mar
-14
Jun-
14
Sep
-14
Dec
-14
Mar
-15
Jun-
15
Sep
-15
NET DEBT AND LEVERAGE
Net Debt (R$ million) Net Debt/EBITDA (R$) Net Debt/EBITDA (US$)
CASH BALANCE AND DEBT
in 06/30/15Gross Debt R$ 13.3 billionCash R$ 5.2 billionNet Debt R$ 8.1 billion
Avanço físico de 87% até setembro/15
R$ milhões 3T15 9M15Florestal 26 70Continuidade operacional 88 234Projetos especiais e expansões 29 101Projeto Puma 970 2.858Total 1.113 3.263
Projetos de expansão em curso Capacidade AdicionalProjeto Puma 1,5 milhão de toneldasTotal investido no projeto R$ 5.199 milhões
CAPEX
k l a b i n . c o m . b r
Thank You!
