The document summarizes WEG's 1Q13 conference call. Key highlights include:
- Net operating revenue decreased 11.1% to R$1.48 billion compared to Q4 2012 but increased 7.9% over Q1 2012.
- EBITDA decreased 14.1% over Q4 2012 to R$248.9 million but increased 25.5% over Q1 2012.
- Capex in Brazil was R$56.8 million for 1Q13, an increase over the R$45.4 million spent in 1Q12.
2. Disclamer
The statements that may eventually be made during this conference call
relating to WEG’s business perspectives, projections and operating and
financial goals and to WEG’s potential future growth are management
beliefs and expectations, as well as information that are currently available.
These statements involve risks, uncertainties and the use of assumptions,
as they relate to future events and, as such, depend on circumstances
that may or may not be present.
Investors should understand that the general economic conditionsInvestors should understand that the general economic conditions,
conditions of the industry and other operating factors may affect WEG’s
future performance and lead to results that may differ materially from those
d i h f t id tiexpressed in such future considerations.
1Q13 Conference Call April 25, 2013Page 2
6. Costs of Goods Sold
Materials
Materials
64%
64%
1Q13 1Q121Q13
Other Costs
1Q12
Depreciation
4%
9%
Labor
23%
Labor
23%
Depreciation
5%
Other Costs
8%
1Q13 Conference Call April 25, 2013Page 6
7. Main impacts on EBITDA
Q1 2013 Q4 2012 % Q1 2012 %Q1 2013 Q4 2012 % Q1 2012 %
Net Operating Revenues 1.477,6 1.662,3 -11,1% 1.369,8 7,9%
Consolidated Net Income for the Period 173,1 184,8 -6,4% 151,3 14,4%, , , , ,
Net Margin 11,7% 11,1% 11,0%
(+) Income taxes & Contributions 48,3 53,7 -9,9% 43,3 11,7%
(+/-) Financial income (expenses) (24,7) (2,7) 826,4% (45,9) -46,3%
( ) D i i & A i i(+) Depreciation & Amortization 52,1 54,0 -3,4% 49,6 5,2%
EBITDA 248,9 289,8 -14,1% 198,3 25,5%
EBITDA Margin 16,8% 17,4% 14,5%
Figures in R$ thousandsFigures in R$ thousands
1Q13 Conference Call April 25, 2013Page 7
8. Working Capital
In % of Net Revenue
50 0%
40,0%
50,0%
30,0%
Working Capital
20,0% Inventories
Clients
10,0%
Suppliers
0,0%
1Q06 1Q07 1Q08 1Q09 1Q10 1Q11 1Q12 1Q13
pp
Advances
1Q13 Conference Call April 25, 2013
1Q06 1Q07 1Q08 1Q09 1Q10 1Q11 1Q12 1Q13
Page 8
9. Capex Program
In R$ million
O
56 8
73.7
55 558 7
Outside Brazil
Brazil
64 5
6.0
9.3
5.13.75.0
56.8
50.455.558.7
53.7 51.9 45.4
64.5 50.8
2012 2013
Q1 Q2 Q3 Q4 Q1
1Q13 Conference Call April 25, 2013
2012 2013
Page 9
10. Contacts
Laurence Beltrão Gomes
Finance and Investor Relations Officer
laurence@weg.net
Luís Fernando M. OliveiraLuís Fernando M. Oliveira
Investor Relations Manager
+55 (47) 3276-6973
l i f d @ tluisfernando@weg.net
twitter.com/weg_ir
1Q13 Conference Call April 25, 2013Page 10