Corporate Presentation
4th Quarter 2015
Highlights
Over 50% increase in exports volume in 2015 compared to 2014
Payment of 50% of 2015 financial year adjusted Net Profits
2015 EBITDA Margin of 17,7% compared to 17,0% in 2014
Temporary shutdown of activities in Itapetininga plant
Exports
Capacity Utilization
Dividends
Deca
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 m3
MDF Market
MDP Market
Annual Effective Capacity: 5.170
Annual Effective Capacity: 4.030
-8,9%
-19,9%
-21,7%
-14,9%
7,9%
-18,6%
4
Operational Highlights Wood
Installed Capacity and Occupancy Rate
in the Quarter
-5,4%
-20%
-10,4%
Shipments (in ‘000 m3)
5
Financial Highlights Wood
Net Revenue (R$ million) and
Gross Margin (%)
Recuring EBITDA (R$ million) and
EBITDA Margin (%)
-8,1%
29,9%
-14,7%
-1,7%
-14,1%
-40,9%
-17,8%
27,3% 23,5% 30,5% 25,9% 31,9% 23,6% 22,1% 27,4% 22,9%
6
Building Material Industry
Source: Brazilian Building Material Industry Association
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
Operational Highlights
Installed Capacity and Occupancy Rate
in the Quarter
Shipments (in ‘000 items)
Deca
* Includes1.215k items from Corona
*
-10,9%
+4,9%
-2,3%
8
Financial Highlights
17,6% 31,6% 28,5% 30,6% 31,4% 11,0% 18,3% 14,3% 17,0% 17,7%
-8,8%
+7,2%
+1,7%
-28,3%
+39,9%
+6,1%
Deca
Net Revenue (R$ million) and
Gross Margin (%)
Recuring EBITDA (R$ million) and
EBITDA Margin (%)
9
Consolidated CAPEX and Main Investments
In R$ million
3.234
635,8
832,2
601,5 607,9 556,2
Main Projects in 2015
Corona Acquisition
CAETEX: R$ 10 MM
Investment/year
Foreign Investments:
R$ 28,2MM
10
Indebtedness
Amortization Schedule (R$ M) Debt Origin(%)
* 100% Hedge
11
Strategic Positioning
+105,9%
+104,7%
Priorities: 2007 to 2014
Increase of capacity through expansion and
acquisition
Integration Duratex and Satipel
Acquisition of 6 companies in this period with
integration of the acquired companies
Geographical and product diversification
Corporate Governance Consolidation
Increase of Market Share
Customer Service
Capacity Evolution
Internal Agenda
CAPEX prioritized in sustaining and productivity
Expansion in adjacent sectors of civil
construction (M&A)
Production capacity adjustment to demand
Corona integration: capture synergy Hydra/Corona
- Improvement in logistic
- Duratex Management System
- Zero Based Budget
- Improvement in Working Capital
Our focus in 2016
Significant increase in exports
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
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
TOTAL 2.023 2.665 3.345 3.345 3.345 3.465 4.165 4.165 4.165
12
Disclaimer
13
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