Earnings Release - 3Q17. Conference call: 11/16/2017 at 10:00 (GMT)

Transcription

1 Earnings Release - Conference call: 11/16/2017 at 10:00 (GMT)

2 Disclaimer This presentation contains statements that can represent expectations about future events or results. These statements are based on certain suppositions and analyses made by the company in accordance with its experience, with the economic environment and market conditions, and expected future developments, many of which are beyond the company s control. Important factors could lead to significant differences between real results and the statements on expectations about future events or results, including the company s business strategy, Brazilian and international economic conditions, technology, financial strategy, developments in the industry, conditions of the financial market, and uncertainty on the company s future results from operations, plans, objectives, expectations and intentions among other factors. In view of these aspects, the company s results could differ significantly from those indicated or implicit in any statements of expectations about future events or results. 1

3 Highlights In, sales totaled R$ million, an increase of 11.5 compared to the same period of the previous year. R$ million in, increase of 21.3 against in, increase of 3.2 percentage points R$ 65.9 million in compared to a income of R$ 19.8 million in. R$ 84.0 million in, 49.9 increase against and EBITDA margin Sales (Net Revenue) Gross Income Gross Margin Net Income EBITDA 2

4 Gross Revenue: pairs and pieces thousand Pairs and pieces thousand / / Athletic 4, , , , Women 1, , , , Other and other , , Clothing Total 6, , , , Gross revenue (pairs and pieces K) Gross revenue (pairs and pieces K) 3,471 4,018 9,512 11,157 2,070 1,592 4,836 4, ,367 2, Athletic Women Other and other Clothing Athletic Women Other and other Clothing 3

5 Net Revenue: Markets R$ Million / / Domestic market Foreign market Total net revenue by market - Domestic market Foreign market Net Revenue by market Domestic market Foreign market Net Revenue by market Domestic market Foreign market by market - Domestic market Foreign market

6 Net Revenue: Categories R$ Million / / Athletic Women Other and other Clothing Total Net Revenue Net Revenue by category (R$ million) Net Revenue by category (R$ million) Athletic Women Other and other Clothing Athletic Women Other and other Clothing 5

7 Gross income and gross margin R$ Million / / Gross income Gross margin p.p p.p. Gross Income and Gross Margin Gross Income and Gross Margin Gross income Gross margin Gross income Gross margin

8 Selling expenses and Advertising and marketing expenses Selling expenses R$ Million / / Selling expenses of net revenue p.p p.p. Advertising and marketing expenses R$ Million Advertising and marketing expenses / / of net revenue p.p p.p. Selling expenses Selling expenses of net revenue Advertising and marketing expenses Advertising & Mkt of net revenue Selling expenses Selling expenses of net revenue Advertising and marketing expenses Advertising & Mkt of net revenue

9 General and administrative expenses R$ Million / / Administrative expenses of net revenue p.p p.p. Administrative expenses Administrative expenses of net revenue Administrative expenses Administrative expenses of net revenue

10 Net Finance income (costs) and Net debt Net Finance income (costs) R$ Million / / Finance costs (17.9) (27.2) (79.2) (97.9) Capital structure (7.9) (21.6) (34.2) (63.2) Operating (2.3) (3.2) (17.4) (10.6) 63.7 Exchange differences (7.6) (2.5) (27.7) (24.1) 15.0 Finance income Capital structure Operating Exchange differences Finance income (costs), net (2.4) (24.1) (38.6) (62.9) Net Debt R$ Million Borrowings and incentive borrowings / Cash and cash equivalents Financial investments Net debt R$ 24.1 million Net debt R$ 62.9 million million million

11 Income for the period R$ Million / / Income for the period of net revenue p.p p.p. Income for the period Income for the period Income for the period of net revenue Income for the period of net revenue

12 EBITDA R$ Million / / Income for the period (+) Taxes 1.6 (0.2) (+) Finance income (costs), net (+) Depreciation and amortization EBITDA Net revenue EBITDA margin ,2 p.p ,1 p.p. EBITDA margin EBITDA margin

13 ROIC NORMAL ROIC Income (loss) for the period (LTM) (72.8) (49.9) (+) Finance income (costs) (LTM) NOPAT Invested Capital Borrowings (Current + Non-Current) (-) Cash and cash equivalents (30.6) (24.7) (17.1) (20.1) (-) Financial Investments (Current + Non-Current) (11.9) (10.4) (8.3) (6.1) (+) Related parties (+) Equity Invested Capital Average invested capital for the period¹ Annualized ROIC (1) Average invested capital for the period and in the same period last year. (2) ROIC: Last 12 months NOPAT divided by the average invested capital. ADJUSTED ROIC Income for the period/year (LTM) (72.8) (49.9) (-) Income (loss) from discontinued operations (LTM) (11.4) (10.9) (+) Finance income (costs), net (LTM) (-) of income (loss) of investees (LTM) (1.4) (1.7) (2.1) (1.5) NOPAT (Adjusted) Invested Capital Borrowings (Current + Noncurrent) (-) Cash and cash equivalents (30.6) (24.7) (17.1) (20.1) (-) Financial Investments (Current + Noncurrent) (11.9) (10.4) (8.3) (6.1) (+) Related parties (-) Goodwill on acquisition (199.8) (199.8) (198.2) (198.2) (-) Investment in subsidiary (26.0) (27.6) (29.7) (29.7) (+) Equity Total Adjusted Invested Capital Average adjusted invested capital for the period¹ Adjusted Annualized ROIC² (1) Average invested capital for the period and in the same period last year. (2) Adjusted ROIC: Adjusted NOPAT for the last 12 months divided by the average invested capital. 12

14 Cash generation and Investments - Capex Investments - Capex R$ Million / / Property, plant and equipment Mol ds Machinery and equipment Industrial facilities Others Intangible assets Software Assignment of right Others Total

15 Contact: Edivaldo Rogério de Brito Investor Relations Officer Telephone: (11) Site: