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WEG Q2 2012 Conference Call
 

WEG Q2 2012 Conference Call

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Apresentação para a audioconferencia de resultados do 2T12, em 26 de julho de 2012

Apresentação para a audioconferencia de resultados do 2T12, em 26 de julho de 2012

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    WEG Q2 2012 Conference Call WEG Q2 2012 Conference Call Presentation Transcript

    • 2Q12 C f Conference C ll CallJuly 26th, 2012
    • DisclaimerThe statements that may eventually be made during this conference callrelating to WEG’s business perspectives, projections and operating andfinancial goals and to WEG’s potential future growth are managementbeliefs and expectations, as well as information that are currently available.These statements involve risks, uncertainties and the use of assumptions,as they relate to future events and, as such, depend on circumstancesthat may or may not be present.Investors should understand that the general economic conditions, conditionsconditions of the industry and other operating factors may affect WEG’sfuture performance and lead to results that may differ materially from thoseexpressed in such f t di h future considerations. id ti2Q12 Conference Call Page 2 July 26, 2012
    • HighlightsQuarterly Figures Q2 2012 Q1 2012 % Q2 2011 %Net Operating Revenue 1.528.791 1 528 791 1.369.762 1 369 762 11,6% 11 6% 1.277.258 1 277 258 19,7% 19 7% Domestic Market 729.235 714.268 2,1% 723.348 0,8% External Markets 799.556 655.494 22,0% 553.910 44,3% External Markets in US$ $ 406.915 406 915 370.825 370 825 9,7% 347.886 347 886 17,0%Gross Operating Profit 461.661 391.967 17,8% 381.437 21,0%Gross Margin 30,2% 28,6% 29,9%Net Income 139.819 148.247 -5,7% 154.557 -9,5%Net Margin 9,1% 10,8% 12,1%EBITDA 260.028 208.638 24,6% 215.579 20,6%EBITDA Margin 17,0% 15,2% 16,9%EPS 0,2254 0,2390 -5,7% 0,2491 -9,5% Figures in R$ Thousand2Q12 Conference Call Page 3 July 26, 2012
    • Net Operating RevenueDomestic Market in R$ million 1% -14% 14% 15% 5% 702 723 729 601 629Q2 2008 Q2 2009 Q2 2010 Q2 2011 Q2 20122Q12 Conference Call Page 4 July 26, 2012
    • Net Operating RevenueExternal Market in US$ million External Market in US$ Quarterly Average FX 2,0705 1,7920 1 7920 1,9649 , 1,6529 1 6529 1,5922 1 5922 17% 62% -13% 13% 3% 407 348 238 207 214 Q2 2008 Q2 2009 Q2 2010 Q2 2011 Q2 20122Q12 Conference Call Page 5 July 26, 2012
    • Business AreasNet Revenue breakdownin R$ million 1.529 0,6% 0 6% 5% 2,4% 1.277 5% 0,2% 5% 8% 2,4% 1.011 1 011 7% 13% 0,2% 7% 6% 2,8% 10% 15% 6% 19% 41% 7% 34% 29% 29% 25% 27% 2Q 2010 2Q 2011 2Q 2012 Industrial Equipment DM Industrial Equipment EM GTD DM GTD EM Domestic Use DM Domestic Use EM Paints & Varnishes DM Paints & Varnishes EM2Q12 Conference Call Page 6 July 26, 2012
    • Cost of Goods Sold Other Costs Other Costs 9% Materials Depreciation Depreciation 9% 5% 64% 4%Labor23% 2Q12 2Q11 Q Labor Materials 22% 64% 2Q12 Conference Call Page 7 July 26, 2012
    • Main effects on EBITDAin R$ million $ 79,4 165,8 172,2 FX Impact on Revenues 32,0 COGS (ex 11,3 , 2,0 depreciation) 260,0 Selling General and Profit Sharing 215,6 Expenses Administrative Program Volumes, Expenses Prices & Product Mix Changes EBITDA Q2 11 EBITDA Q2 122Q12 Conference Call Page 8 July 26, 2012
    • Sources and Uses of Cash in R$ million Dividends/interest on Sources Long-term investments 2% Amortization of equity capital Uses Financing 10% New Financing Decrease in Cash 46% 34% Profit Sharing Paid 18% 4% Other / Adjustments Increase in Accounts 4% Receivable 10%Increase in Accounts R$ 1,694 R$ 1,694Payable9% million million Increase in Inventories 6% Other accounts payable Capex 5% 7% Depreciation and amortization Acquisition 6% Pre-tax income 12% 23% Income Taxes Paid 6% 2Q12 Conference Call Page 9 July 26, 2012
    • Capex Program Outside Brazil Brazil 63,1 55,5 49,9 49 9 58,7 1,0 10 41,1 5,0 3,7 33,8 2,4 7,3 8,2 62,1 53,7 51,9 38,8 38 8 42,6 ,6 25,6 25 6 Q Q1 Q Q2 Q Q3 Q Q4 Q Q1 Q Q2 2011 2012 in R$ million2Q12 Conference Call Page 10 July 26, 2012
    • Contacts Laurence Beltrão Gomes Finance and Investor Relations Officer laurence@weg.net Luís Fernando M. Oliveira Investor Relations Manager +55 (47) 3276-6973 lluisfernando@weg.net i f d @ t twitter.com/weg_irwww.weg.net/ri2Q12 Conference Call Page 11 July 26, 2012