Successfully reported this slideshow.

PPT 4Q13 EN

1,405 views

Published on

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

PPT 4Q13 EN

  1. 1. Earnings Call 4Q13 and 2013 March 21st, 2014
  2. 2. AglobalorganizationNew Strategic Vision Vision: Be the best provider of refractories solutions and industrial minerals, leveraging and developing our minerals base Expand industrial minerals base Ensure leadership in our core markets Maintain a global low cost production base Grow selectively and aggressively Continue to develop high quality, low cost raw material sources to support our current businesses as well as new businesses where we can have a sustainable competitive advantage Strive to keep offering high quality and innovative products, unrivaled services and cost performance Optimize production globally to improve efficiency and support growth Develop global supply chain management Pursue long term growth opportunities in selected markets where we can deliver superior value to our customers and shareholders ▪Meritocracy ▪Ethics ▪Profit ▪Management & Method ▪Agility and Transparency ▪Respect for Safety, Environment and Communities ▪Customer ▪People Our values 2
  3. 3. South America 3 Source: ¹WSA Refractory Solutions Sales - Steel Crude Steel Production¹ (million tons) - Main markets Volume (000’ tons) North America EU-27 Sales to Steel Segment Revenues (R$ million) +9% 2013 1.939 2012 1.775 -2% -5% 4Q13 12 3Q13 12 4Q12 12 -1% 2013 48 2012 48 -1% +3% 4Q13 30 3Q13 30 4Q12 29 -2% 2013 118 2012 121 40 40 4Q12 3Q13 +6% 4Q13 42 +6% 166 2013 -2% 2012 169 20132012 41% 22% 13% 24% 41% 22% 22% 14% OthersNorth America South America Europe 218210211 +3% +4% 4Q12 4Q133Q13 -2% 2013 874 2012 890 +24% +14% 4Q13 440 547 3Q13 482 4Q12 Sales per region (R$)
  4. 4. 4 Sales to Industrial Segment Refractory Solutions Sales – Industrial Segment Volume (000’ tons) Revenues (R$ million) 43 3635 +21% +23% 4Q133Q134Q12 168 155 +8% 20132012 124 8984 4Q134Q12 +47% +39% 3Q13 430 369 +17% 20132012 20132012 21% 18% 52%9% 13% 11% 16% 60% North America South America Others Europe Sales per region (R$)
  5. 5. Refractory Solutions Sales and Margin - Consolidated 5 Volumes (000’ tons) Revenues (R$ million) Gross profit and margin (R$ million; %) 261246246 4Q133Q134Q12 +6% +6% 220180159 +22% +39% 4Q13 32.8% 3Q13 31.6% 4Q12 30.3% 0% 2013 1,042 2012 1,043 671571524 4Q133Q134Q12 +28% +18% +11% 2,143 2012 2,370 2013 782 687 2013 +14% 33.0% 2012 32.0% 2013 2012 23% 14% 43% 20% 44% 14% 20% 21% Others EuropeSouth America North America Sales per region (R$)
  6. 6. 6 Revenues (R$ million) Gross profit and margin (R$ million; %) Revenues (R$ million) Gross profit and margin (R$ million; %) Minerals Services Minerals and Services Services 54 3842 +43% +29% 4Q133Q134Q12 3230 38 +8% -15% 4Q133Q134Q12 171617 +4% +10% 4Q13 32.0% 3Q13 41.6% 4Q12 39.8% 3 44 10.3% 14.0% 4Q12 -25% 4Q13 9.1% 3Q13 -30% 168 140 2013 +20% 2012 6663 39.4% 2012 45.0% +5% 2013 2012 -31% 171 2013 118 15 11 13.0% 6.3% 2012 2013 +42%
  7. 7. 7 Consolidated Sales (R$ million) Per Segment Quarter YoY 757 638603 +19% +25% 4Q133Q134Q12 2,656 2012 +8% 2013 2,454 6.3% 4.5% 89.2% 6.9% 87.2% 5.9% Refractories ServicesMinerals 2012 2013
  8. 8. 8 Gross profit, EBITDA and Net Income (R$ million) Gross profit EBITDA and ADJUSTED EBITDA (excluding other revenues/expenses) Net Income ADJUSTED ADJUSTED 240200179 +20% +34% 4Q13 31.7% 3Q13 31.3% 4Q12 29.7% 123 7782 +60% +49% 4Q13 16.2% 3Q13 12.0% 4Q12 13.7% 30 -22 0 4Q13 4.0% 3Q13 -3.4% 4Q12 0.0% 864761 +14% 2013 32.5% 2012 31.0% 439 355 +24% 2013 16.5% 2012 14.4% 5964 -9% 2013 2.2% 2012 2.6% 988188 4Q12 14.6% +35% +15% 12.9% 3Q13 4Q13 12.7% 395380 +4% 20132012 15.5% 14.9%
  9. 9. 9 CAPEX and working capital (R$ million) Working capital CAPEX 83 62 78 +35% +8% 4Q133Q134Q12 4Q13 952 31.4% 3Q13 976 38.2% 2Q13 934 36.3% 1Q13 877 35.5% 4Q12 801 33.2% Working Capital % of sales 205 257 -21% 20132012
  10. 10. 10 *EBITDA excluding other revenues/expenses Debt and Leverage Total Amortization Schedule (R$ million) Net Debt per currency Excluding Perpetual Bond Others 0% -3% EUR 17% 13% USD 59% 104% BRL 24% -14% 875819 658 551541 439398406388359 4Q13 2.2x 2.0x 3Q13 2.1x 2.1x 2Q13 1.7x 1.6x 1Q13 1.4x 1.4x 4Q12 1.4x 1.5x Net debt / EBITDA w/o ORE* Net debt / Ebitda Ebitda Net Debt 961 9 208277 80 188 16 590 2020+ 1,636 1,046 201920182017201620152014Dec-13 Cash positionAmortizationPerpetual bond 4Q13 4Q12 439398406388359 4Q12 1,051 2.8x 2.9x 3.7x 1,453 4Q13 3.3x 3Q13 1,369 3.5x 3.4x 2Q13 1,205 3.1x 3.0x 1Q13 1,059 2.6x 2.7x Net debt / EBITDA Ebitda Net debt / EBITDA w/o ORE* Net Debt *EBITDA excluding other revenues/expenses
  11. 11. 11 Octavio Pereira Lopes CEO Eduardo Gotilla Global Finance & IR Director Daniel Domiciano Silva Investor Relations Phone: 55 11 3152-3202/3237/3241 ri@magnesita.com www.magnesita.com Investor Relations contacts

×