Empresas CMPC S.A Company Overview Presentation prepared for Itaú Securities 5 th Annual Latin America CEO Conference

Size: px
Start display at page:

Download "Empresas CMPC S.A. 05.10. Company Overview Presentation prepared for Itaú Securities 5 th Annual Latin America CEO Conference"

Transcription

1 Empresas CMPC S.A Company Overview Presentation prepared for Itaú Securities 5 th Annual Latin America CEO Conference

2 Agenda Overview 3 Business Divisions 7 Social Responsibility and Sustainability 13 Financial Review Concluding Remarks & CMPC s current situation in Chile

3 CMPC is an important player in the P&P industry CMPC is an integrated and well diversified producer of pulp, paper and other forest products in Latin America Controlled by the Matte Family, one of Chile s leading economic groups Market capitalization of US$ 9.4 billion as of April 30 th, 2010 CMPC s Shareholders Structure (as of 03/31/2010) Chilean Pension Funds 13.0% Local Investors 23.4% Foreign Investors 7.8% Matte Group 55.8% The Matte Family: CMPC s major shareholder and one of the most important Chilean economic groups Forestry and Manufacturing Energy Finance Telecommunications Real State & Infrastructure Empresas CMPC*, El Volcán*, Copec, Molymet, Soc. Agrícola La Rosa Sofruco Colbún* Bicecorp*, Banco Bice*, Bice Vida*, Bice Chile Consult* Entel* BICE Renta Urbana*, Puerto de Lirquén*, Portuaria Cabo Froward *Operating firms that are controlled directly or through a shareholders agreement 3

4 Paper Products Tissue Paper Pulp Forestry Balanced growth in all business segments provides CMPC a diversified revenue mix * Figures in US$ million for the LTM as of March 2010 Main Figures % of Total Sales* % of Total EBITDA* Total Capacity Sales: 546 Sales 3 rd parties: 358 EBITDA: 29 EBITDA margin: 5% 11% 4% 1,006 Th. Ha (654 Th. Plant) 8.4 MM m 3 /y Sales: 1,111 Sales 3 rd parties: 932 EBITDA: % 49% 2.5 MM tons/y EBITDA margin: 33% Sales: 761 Sales 3 rd parties: 629 EBITDA: % 19% 1.1 MM tons/y EBITDA margin: 18% Sales: 1,144 Sales 3 rd parties: 1,143 EBITDA: % 22% 420,000 tons/y EBITDA margin: 14% Sales: 319 Sales 3 rd parties: 301 EBITDA: 45 9% 6% 340,000 tons/y EBITDA margin: 14% 4

5 Product and geographic diversification provides flexibility Third party sales in US$ million for the LTM as of March

6 Agenda Overview 3 Business Divisions 7 Social Responsibility and Sustainability 13 Financial Review Concluding Remarks & CMPC s current situation in Chile

7 Forestry Division: the root of CMPC s competitive advantage Overview 100% planted and certified forests Genetic and silvicultural practices / forest management to continuously improve yields Faster growth cycle than northern hemisphere forests Young and growing forestry base. Average age of CMPC s Pine Forests: 11.8 years Average age of CMPC s Eucalyptus Forests: 9.2 years Proximity of forests to industrial facilities and ports Forestry Sawnwood Harvesting (million m 3 ) 1.82 X Remanufactured Wood Plywood Chile: 700,000 Hectares 487,000 Planted Hectares Brazil: 212,000 Hectares 102,000 Planted Hectares 23,000 Hectares of Plantable Land Argentina: 94,000 Hectares 65,000 Planted Hectares Chile - 4 Sawmills: Bucalemu, Las Cañas, Mulchén and Nacimiento Total capacity: 1.4 MM m 3 /yr Chile - 2 Remanufacturing plants: Coronel and Los Ángeles Total capacity: 216,000 m 3 /yr Chile - 1 Plywood mill: Mininco Total capacity: 250,000 m 3 /yr 7

8 (US$/Ton del N. Europe) (US$/Ton del N. Europe) Pulp Division: CMPC has one of the lowest cash costs of the pulp industry Key drivers First class assets for the production of: Softwood (pine) 760 Th. Tons annually Hardwood (eucalyptus) 1.64 MM Tons annually Strategic locations (mills near to forests and ports) World s lowest cost producer of softwood Sales diversification ISO Certified BSKP Supply Curve (US$/ton) ,000 10,000 15,000 20,000 25,000 (Thousand metric tonnes) Source: CMPC and Hawkins Wright as of April, 2010 BEKP Supply Curve (US$/ton) What s ahead Consolidation of Guaíba s assets in Brazil, which increased CMPC s hardwood capacity in 450 Th. tons per year Chile: rebuilding of Laja mill Environmental upgrades at the Pacífico and Santa Fe mills Debottlenecking of Santa Fe II mill ,000 10,000 15,000 20,000 25,000 (Thousand metric tonnes) Source: CMPC and Hawkins Wright as of April,

9 EDIPAC Other Papers Newsprint Packaging Boxboard Paper Division: strategically focused on niche paper grades Chile: 2 mills: Maule and Valdivia Total Capacity: 430,000 tons/y Chile: 1 mill: Puente Alto Paper Sales Growth (Th. Tons) Total Capacity: 340,000 tons/y Chile: 1 mill: Inforsa (Nacimiento) Total Capacity: 200,000 tons/y Chile: 1 mill: Laja Brazil: 1 mill: Rio Grandense Total Capacity: 130,000 tons/y Chile: Newspaper Boxboard Packaging Paper Geographical Sales Breakdown (Th. Tons) Export Market Local Market 21% 15% 88% 79% 85% Most important paper distributor, with 52% of total market share 12% Newspaper Boxboard Packaging Paper 9

10 Tissue Division: CMPC is a leading Latin American player Key drivers Largest tissue company in Latin America Strong branding Broad market segmentation Extensive distribution network High growth opportunities Flexible product mix with: Children and adult diapers Tissue paper products Femenine care products Mexico (Since 2006) Market Share: 5% Capacity: 37,000 tons/yr Ecuador (Since 2009) Market Share: 15% Only Conversion Process Colombia (Since 2007) Market Share: 6% Brazil (Since 2009) Market Share: 10% Capacity: 75,000 tons/yr Away from home products What s ahead Colombia: New Tissue Paper mill (27,000 tons/y), starting in 2010 Mexico: New Tissue Paper Machine (double width, 54,000 tons/y), starting in 2010 Brazil: New Tissue Paper Machine (double width, 54,000 tons/y), starting in 2011 Peru (Since 1996) Market Share: 51% Capacity: 57,000 tons/yr Chile (Since 1980) Market Share: 75% Capacity: 118,000 tons/yr Uruguay (since 1994) Market Share: Capacity: 37,000 tons/yr 84% Argentina (Since 1991) Market Share: 50% Capacity: 96,000 tons/yr 10

11 Molded Pulp Trays Paper Bags Corrugated Boxes Paper Products Division: Local sales mainly oriented to export industries Chile: 3 mills: Buin, Quilicura and Til Til Total Capacity: 252,000 tons/y Chile: 1 mill: Chillán Argentina 1 mill: Hinojo Peru: 1 mill: Lima Mexico: 1 mill: Guadalajara Total Capacity: 70,000 tons/y Chile: 1 mill: Puente Alto Key drivers Market leader in corrugated boxes and multiwall bags markets in Chile Well diversified sales among different segments of the market in corrugated boxes Manufacturing process benefits from backward integration Although the lions share of all sales are local, CMPC is also expanding its exports What s ahead New 35,000 tons corrugating mill in the south of Chile Total Capacity: 18,000 tons/y 11

12 Agenda Overview 3 Business Divisions 7 Social Responsibility and Sustainability 13 Financial Review Concluding Remarks & CMPC s current situation in Chile

13 Social Responsibility and Sustainability Social responsibility is an integral part of the CMPC business and organizational models allowing effective linking to all stake holders. CMPC and its Business Chain CMPC and its Workers CMPC and the Community CMPC and the Environment CMPC s CSR Producing and selling quality products Strong relationships with suppliers and customers Sound and transparent financial reporting Safe working environment Strict compliance with labor regulations and union agreements Comprehensive employee benefit policy Jorge Alessandri Educational Park Good Neighborhood Plan Fundación CMPC: improve language and math education in the primary schools where CMPC has facilities Plantations Clean processes Replacement of fossil fuels with biomass Recollection and recycling of waste paper 13

14 Agenda Overview 3 Business Divisions 7 Social Responsibility and Sustainability 13 Financial Review Concluding Remarks & CMPC s current situation in Chile

15 Financial Summary Financial Summary (US$ million) 1Q Q09 4Q Q10 QoQ% YoY% Sales 3, , % 34% Operating Costs (2,074) (490) (579) (2,066) (604) 4% 23% Other Operating Expenses (380) (70) (126) (414) (101) -20% 45% EBITDA % 67% Depreciation & Stumpage (311) (76) (91) (327) (96) 5% 27% Change in Net Value if Biological Assets % 93% Operating Income % 110% Financial Costs (76) (18) (34) (104) (33) -2% 80% Other Non Operational Items (245) (9) 10 3 (55) -676% 551% Net Income % 50% EBITDA Margin 25% 20% 23% 21% 25% 5% 5% Total Assets 9,662 10,044 12,296 12,296 12,207 22% 22% Total Liabilities 3,161 3,480 5,038 5,038 4,896 41% 41% Shareholder's Equity 6,501 6,564 7,258 7,258 7,312 11% 11% 15

16 CMPC follows a conservative financial policy Debt Evolution (US$ million) * Debt / Equity * Net Debt Cash ,397 1,362 1,349 2,130 2, LTM Net Debt / EBITDA * LTM EBITDA / Interest Expenses * LTM LTM *Figures as of 2003, 2004, 2005, 2006, 2007 and 2008 are under Chilean GAAPs. Figures for the LTM as of June 2009 are under the IFRS accounting standard. 16

17 A well structured debt profile delivers value to shareholders Debt Description as of March 31 st Average term of debt: 6.5 years Average cost of debt: 4.6% Amortization Schedule New Credit Note Amortizations Composition of debt: 45% banks / 55% Bonds 500 Debt breakdown by Currencies: 27% UF / 65% US$ / 8% Other currencies Last Financial Transactions Debt Description as of March 31 st (%) International Benchmark Bond: on November 2009, CMPC issued an International Benchmark Bond under the 144A-S regulation. The transaction conditions were: Floating Rate Fix Rate 18% 14% 12% 26% 15% - 10 year bullet bond: for CT bps 82% 86% 88% 74% 85% LTM 17

18 The Guaíba acquisition: the biggest project in the history of CMPC What is CMPC buying? What is CMPC getting? On October 8th 2009, Empresas CMPC S.A. and Aracruz Celulose S.A. signed a sale contract for the transfer of ownership of a group of assets known as the Guaíba Unit for a total price of US$1,432 million The Guaíba Unit includes: A pulp mill with annual production capacity of approx. 450,000 tons A paper mill with annual production capacity of approx. 60,000 tons Approximately 212,000 hectares of land of which 125,000 are plantable Licenses and authorizations to execute an expansion project for the pulp mill, to increase its annual capacity to around 1.75 million tons Sizable entry to Brazil Strategic location, complementary to existing facilities, to serve customers worldwide Ability to reconfigure sales, delivery and increase customers Ability to easily increase production to 1.75 million tons of pulp in the near future Potential to replicate CMPC Chile in one of the largest and most dynamic economies in the world Substantial forestry base and sylvicultural know-how Opportunity to further improve CMPC s low cost producer status 18

19 Agenda Overview 3 Business Divisions 7 Social Responsibility and Sustainability 13 Financial Review Concluding Remarks & CMPC s current situation in Chile

20 CMPC adds value through several competitive advantages CMPC has an irreplicable forestry base with sustainable competitive advantages in both fibers. This is due to: High growth yield in both fibers Secured land and fiber to produce over 3.75 million tons of pulp annually (1.5x of current production) Forestry base at an average distance of less than 100 kms. away of the mill mill Higher Forestry Yield Higher Pulping Growth Yield shorter distance to the mills Average harvest distance 20

21 CMPC adds value through several competitive advantages Countries with more than a 90% coverage : Chile Uruguay Argentina Colombia Peru Countries with more than a 70% and less than a 90% coverage: CMPC s tissue products have presence in : 10,592 sores 146 wholesalers 34 Drugstore Chains In store service (over 2,800 people) Mexico Ecuador Brazil High brand recognition Strong and efficient distribution network Elevated market share and a recognized leadership in the tissue industry 21

22 CMPC s current situation in Chile Tissue Paper Products Forestry Paper Pulp 2 mills: Talagante Puente Alto Corrugated Boxes: Buin Quilicura Til Til Paper Bags: Chillan Molded Pulp Trays: Puente Alto Sawmills: Bucalemu Mulchén Nacimiento Las Cañas Remanufacturing Plants: Los Ángeles Coronel Plywood mill: Nacimiento Boxboard: Maule Valdivia Packaging Paper: Puente Alto Newsprint: Nacimiento Printing & Writing: Laja 4 mills: Pacífico Laja Santa Fe I Santa Fe II *Mills operating as May 14 th,

23 Q&A Disclaimer: This document provides information about Empresas CMPC SA. In any case this constitutes a comprehensive analysis of the financial, production and sales situation of the company, so to evaluate whether to purchase or sell securities of the company, the investor must conduct its own independent analysis. In compliance with the applicable rules, Empresas CMPC SA. publishes this document in its web site (www.cmpc.cl) and sends to the Superintendencia de Valores y Seguros, the financial statements of the company and its corresponding notes, which are available for consultation and review. This presentation will be available at CMPC s Web Site

Company Overview. Larraín Vial 6 th Annual Andean Conference. March 19 th 20 th, 2012

Company Overview. Larraín Vial 6 th Annual Andean Conference. March 19 th 20 th, 2012 Company Overview Larraín Vial 6 th Annual Andean Conference March 19 th 20 th, 2012 Agenda 3 9 19 Company Overview Business Divisions Financial Review 2 CMPC is one of the most important players in the

More information

EMPRESAS CMPC PRESENTATION PREPARED FOR SANTANDER S 18 th LATIN AMERICAN CEO CONFERENCE

EMPRESAS CMPC PRESENTATION PREPARED FOR SANTANDER S 18 th LATIN AMERICAN CEO CONFERENCE EMPRESAS CMPC PRESENTATION PREPARED FOR SANTANDER S 18 th LATIN AMERICAN CEO CONFERENCE LUIS LLANOS - CFO JANUARY, 2014 AGENDA I. Company description II. Our Value proposal 1. Leading diversified Latin

More information

EMPRESAS CMPC PRESENTATION PREPARED FOR THE LARRAIN VIAL ANNUAL ANDEAN CONFERENCE - SANTIAGO

EMPRESAS CMPC PRESENTATION PREPARED FOR THE LARRAIN VIAL ANNUAL ANDEAN CONFERENCE - SANTIAGO EMPRESAS CMPC PRESENTATION PREPARED FOR THE LARRAIN VIAL ANNUAL ANDEAN CONFERENCE - SANTIAGO MARCH, 2014 AGENDA I. Company description II. Our Value proposal 1. Leading diversified Latin American P&P player

More information

4Q12. www.cmpc.cl. Empresas CMPC S.A. Fourth Quarter 2012 Results March 27 th, 2012. 4Q12 in Brief 2. Income Statement Analysis 3

4Q12. www.cmpc.cl. Empresas CMPC S.A. Fourth Quarter 2012 Results March 27 th, 2012. 4Q12 in Brief 2. Income Statement Analysis 3 Empresas CMPC S.A. Fourth Quarter 2012 Results March 27 th, 2012 Barba Negra Nursery, Rio Grande do Sul State, Brazil. 100% clonal nursery with a capacity of 300 million seedlings per year to support the

More information

EMPRESAS CMPC FOURTH QUARTER 2013 RESULTS

EMPRESAS CMPC FOURTH QUARTER 2013 RESULTS EMPRESAS CMPC FOURTH QUARTER 2013 RESULTS On December 5 th, CMPC announced the reorganization of the Company s paper and packaging business.es CMPC Papers is now the business area that combines the former

More information

06 Letter from the Chairman 08 Company History 10 Board of Directors 12 Subsidiaries. 28 Sustainability, Community and Environment

06 Letter from the Chairman 08 Company History 10 Board of Directors 12 Subsidiaries. 28 Sustainability, Community and Environment growing natural 06 Letter from the Chairman 08 Company History 10 Board of Directors 12 Subsidiaries 28 Sustainability, Community and Environment 32 Financial Analysis 46 Ownership Structure 48 General

More information

2 nd Quarter 2014 Financial Results Celulosa Arauco y Constitución S.A.

2 nd Quarter 2014 Financial Results Celulosa Arauco y Constitución S.A. Conference Call Presentation 2 nd Quarter 2014 Financial Results Celulosa Arauco y Constitución S.A. Gianfranco Truffello, C.F.O. Santiago, August 28 th, 2014 Disclaimer Forward-looking statements are

More information

Celulosa Arauco y Constitución S.A. First Quarter 2015 Results. May 19 th, 2015

Celulosa Arauco y Constitución S.A. First Quarter 2015 Results. May 19 th, 2015 Celulosa Arauco y Constitución S.A. First Quarter 2015 Results May 19 th, 2015 3 4 9 11 13 14 15 Highlights Income statement analysis Review by business segment Balance sheet analysis Financial ratios

More information

36 financial information. 32 sustainability and environment. 08 the company. 66 financial statements CMPC. contents

36 financial information. 32 sustainability and environment. 08 the company. 66 financial statements CMPC. contents 2011 a n n u a l r e p o r t CMPC contents 08 the company 32 sustainability and environment 36 financial information 66 financial statements strength In its 90-year history, CMPC is a company that has

More information

Celulosa Arauco y Constitución S.A. Fourth Quarter 2014 Results. March 6 th, 2015

Celulosa Arauco y Constitución S.A. Fourth Quarter 2014 Results. March 6 th, 2015 Celulosa Arauco y Constitución S.A. Fourth Quarter 2014 Results March 6 th, 2015 3 4 9 11 13 14 15 Highlights Income statement analysis Review by business segment Balance sheet analysis Financial ratios

More information

US$ 150,000,000 Senior Unsecured Term Loan Facility

US$ 150,000,000 Senior Unsecured Term Loan Facility US$ 150,000,000 Senior Unsecured Term Loan Facility Bank Meeting Presentation Joint Bookrunners & Mandated Lead Arrangers Mandated Lead Arranger June, 2010 Masisa Representatives Chief Executive Officer

More information

Sustainable Development

Sustainable Development Sustainable Development Report empresas cmpc _ Index 07 25 57 95 116 2007 Sustainable Development Report Scope letter from the Chairman of Empresas CMPC Profile and Structure of the Organization History

More information

corporate presentation santander 15th annual latin american ceo conference cancun January 2011

corporate presentation santander 15th annual latin american ceo conference cancun January 2011 corporate presentation santander 15th annual latin american ceo conference cancun January 2011 disclaimer This presentation may contain projections or other forward-looking statements related to masisa

More information

Arauco. Corporate Presentation 2014

Arauco. Corporate Presentation 2014 Arauco Corporate Presentation 2014 Agenda Arauco Overview Business Segments Investments Recent Events and Initiatives Sustainability 2 Arauco started as a Chilean forest and pulp firm 1977 1990 1993 1994

More information

We endeavour to develop our work with commitment and responsibility; through generating employment, profitability for our shareholders, with quality

We endeavour to develop our work with commitment and responsibility; through generating employment, profitability for our shareholders, with quality We endeavour to develop our work with commitment and responsibility; through generating employment, profitability for our shareholders, with quality products for our clients, education and training for

More information

Annual Report 2005 - Empresas CMPC S.A.

Annual Report 2005 - Empresas CMPC S.A. Annual Report 2005 - Empresas CMPC S.A. Empresas CMPC S.A. 001 Empresas CMPC S.A. is a listed stock corporation established in 1920 with Chilean private capitals. Its equity is divided into 200 million

More information

Corporate Presentation. Southern Cone / Andean CEO Conference May, 2012

Corporate Presentation. Southern Cone / Andean CEO Conference May, 2012 Corporate Presentation Southern Cone / Andean CEO Conference May, 2012 Our Company 2 Company overview Largest Latin American IT Services provider and an undisputed leader in systems integration, support

More information

Tanner Investor Information 1Q 2014

Tanner Investor Information 1Q 2014 Tanner Investor Information 1Q 2014 Tanner at a Glance Business Description Key Highlights (1Q 14) Tanner Servicios Financieros S.A. ( Tanner ) is a leading Chilean non banking financial institution, offering

More information

2Q15 Earnings Conference Call

2Q15 Earnings Conference Call 2Q15 Earnings Conference Call André B. Gerdau Johannpeter President and CEO Harley Lorentz Scardoelli Financial, Planning and IR Director - CFO Credit: New York State Thruway Authority Gerdau is supplying

More information

ARAUCO. Corporate Presentation

ARAUCO. Corporate Presentation ARAUCO Corporate Presentation Arauco Overview Business Segments Investments Recent Events and Initiatives Sustainability 2 Copec acquires Celulosa Constitucion and Celulosa Arauco. The merged firm is called

More information

Endesa Chile 2013 Results

Endesa Chile 2013 Results 10 02 14 Endesa Chile 2013 Results Highlights for 2013 51% growth in Net Income attributable to Endesa Chile s shareholders. 37% decrease in procurement and service costs, mainly in Chile. 19% increase

More information

Welcome to SONDA. MBA Students and Faculty Robert H. Smith School of Business University of Maryland

Welcome to SONDA. MBA Students and Faculty Robert H. Smith School of Business University of Maryland MBA Students and Faculty Robert H. Smith School of Business University of Maryland Welcome to SONDA 1 Mr. Rodrigo A. Peña Investor Relations Officer May 27, 2008 AGENDA SONDA in a Snapshot IT Industry

More information

Endesa Chile 1H14 Results

Endesa Chile 1H14 Results Endesa Chile 1H14 Results July 28th 2014 Highlights 12% growth in Operating Revenues due to a higher average electricity sales price expressed in Chilean pesos, along with the full consolidation of GasAtacama

More information

November, 16th & 17th, 2011

November, 16th & 17th, 2011 November, 16th & 17th, 2011 Company Overview Largest Latin American IT Services provider and an undisputed leader in systems integration, support and IT Outsourcing Independent service provider with world-class

More information

Ownership Structure and Governance of NLCs in Latin America: The Case of Chile

Ownership Structure and Governance of NLCs in Latin America: The Case of Chile Ownership Structure and Governance of NLCs in Latin America: The Case of Chile Business School Pontificia Universidad Católica de Chile Introduction: Standard conjecture: Smaller, NLCs present: Higher

More information

Financial Highlights IFRS

Financial Highlights IFRS 1 1 st Quarter 2011 Highlights (vs 1st Quarter 2010): Group turnover grows by 25.5% EBITDA of 103.8 million, up by 43.3% Net profits of 51.4 million, up by 59.6% Net debts down by 75 million Net Debt /

More information

Ternium Announces First Quarter 2015 Results

Ternium Announces First Quarter 2015 Results Sebastián Martí Ternium - Investor Relations +1 (866) 890 0443 +54 (11) 4018 2389 www.ternium.com Ternium Announces First Quarter 2015 Results Luxembourg, April 29, 2015 Ternium S.A. (NYSE: TX) today announced

More information

Weyerhaeuser Company Exhibit 99.2 Q1.2015 Analyst Package Preliminary results, subject to audit Consolidated Statement of Operations

Weyerhaeuser Company Exhibit 99.2 Q1.2015 Analyst Package Preliminary results, subject to audit Consolidated Statement of Operations Exhibit 99.2 Q1. Analyst Package Consolidated Statement of Operations Page 1 of 8 Net Sales $ 1,788 $ 1,721 $ 1,736 Cost of products sold 1,399 1,385 1,361 Gross margin 389 336 375 Selling expenses 29

More information

Powerful New Insights: Forest2Market s Dynamic Fiber Supply and Capital Allocation Decision Making Model

Powerful New Insights: Forest2Market s Dynamic Fiber Supply and Capital Allocation Decision Making Model Powerful New Insights: Forest2Market s Dynamic Fiber Supply and Capital Allocation Decision Making Model Two Key Unknowns Will Change How You Manage Your Assets Trends affecting mill costs will unevenly

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

GLOBAL WOOD AND WOOD PRODUCTS FLOW

GLOBAL WOOD AND WOOD PRODUCTS FLOW ITEM 5 GLOBAL WOOD AND WOOD PRODUCTS FLOW TRENDS AND PERSPECTIVES Table of Contents GLOBAL WOOD AND WOOD PRODUCTS FLOW - TRENDS AND PERSPECTIVES... 1 SUMMARY... 2 INTRODUCTION... 3 INTERNATIONAL TRADE...

More information

JBS reports R$3.6 billion in EBITDA and net revenue of R$38.9 billion in 2Q15

JBS reports R$3.6 billion in EBITDA and net revenue of R$38.9 billion in 2Q15 JBS S.A. (BVM&FBOVESPA: JBSS3; OTCQX: JBSAY) São Paulo, August 13 th, 2015 JBS reports R$3.6 billion in EBITDA and net revenue of R$38.9 billion in JBS S.A. announces results for its second quarter 2015

More information

First quarter 2015 results 1

First quarter 2015 results 1 First quarter results 1 Luxembourg, May 5, Highlights Health and Safety frequency rate 2 of 1.3x in Q1 compared to 1.8x in Q4. Shipments of 469 thousand tonnes in Q1 compared to shipments of 439 thousand

More information

Index. Section I. Risk rating 3. Section II. Revenues, EBITDA and Net Profit 3. Section III. Highlights 4

Index. Section I. Risk rating 3. Section II. Revenues, EBITDA and Net Profit 3. Section III. Highlights 4 Press Release March 2015 1 Press Release March 2015 Section Index Page Section I. Risk rating 3 Section II. Revenues, EBITDA and Net Profit 3 Section III. Highlights 4 Section IV. Medical Facilities Investment

More information

COMPANY PRESENTATION 1Q 2013

COMPANY PRESENTATION 1Q 2013 COMPANY PRESENTATION 1Q 213 Agenda Company Overview Business Strategy Financial Profile Chilean Electricity Sector Overview 2 Colbún at a glance Company Overview Business Power Generation & Trade Market

More information

Endesa Chile YE14 Results

Endesa Chile YE14 Results Endesa Chile YE14 Results January 30th 2015 Highlights Operating revenues increased 21%, mainly due to higher energy sales, as a consequence of higher sale price of electricity in Chile, Colombia and Peru,

More information

Second quarter 2015 results 1

Second quarter 2015 results 1 Second quarter results 1 Luxembourg, July 29, Highlights Health and Safety frequency rate 2 of 0.8x in Q2 compared to 1.3x in Q1. Shipments of 486 thousand tonnes in Q2 compared to 469 thousand tonnes

More information

UBS basic materials conference. June 2010

UBS basic materials conference. June 2010 UBS basic materials conference June 2010 Group overview and strategy Financial results Summary Appendices Presenter James Paterson Group Treasurer Page 2 Mondi at a glance 2009 Sales (1) UFP South Africa

More information

Full year and fourth quarter 2014 results 1

Full year and fourth quarter 2014 results 1 Full year and fourth quarter results 1 Luxembourg, February 12, 2015 Highlights Health and Safety frequency rate 2 of 1.1x in compared to 1.3x in 2013. Shipments of 1,813 thousand tonnes in full year,

More information

PROFILE. www.fibria.com.br/r2014/profile/

PROFILE. www.fibria.com.br/r2014/profile/ PROFILE 28 www.fibria.com.br/r2014/profile/ Brazilian company and world leader in eucalyptus pulp production, Fibria focuses its operation on forest plantations in the states of Bahia, Espírito Santo,

More information

INVESTOR PRESENTATION

INVESTOR PRESENTATION INVESTOR PRESENTATION AUGUST 2014 1 2 DISCLAIMER THIS DOCUMENT HAS BEEN PREPARED BY PARQUE ARAUCO FOR THE PURPOSE OF PROVIDING GENERAL INFORMATION ABOUT THE COMPANY. The Company assumes no responsibility

More information

The Company Sustainability & the Environment 10 30 34

The Company Sustainability & the Environment 10 30 34 Annual Report 2013 The Company Sustainability & the Environment 10 30 Financial Information Financial Statements 34 50 EMPRESAS CMPC Throughout its history, CMPC has maintained a way of doing business

More information

UPM-Kymmene Corporation Financial Review 2004. Jussi Pesonen, President and CEO February 1, 2005

UPM-Kymmene Corporation Financial Review 2004. Jussi Pesonen, President and CEO February 1, 2005 UPM-Kymmene Corporation Financial Review 2004 Jussi Pesonen, President and CEO February 1, 2005 Year 2004 in a nutshell Good growth in paper demand - record paper deliveries Record paper deliveries (million

More information

MAPFRE in 2014. Antonio Huertas. Presentation of Annual Results February 11, 2015. MAPFRE Chairman & CEO

MAPFRE in 2014. Antonio Huertas. Presentation of Annual Results February 11, 2015. MAPFRE Chairman & CEO MAPFRE in 2014 Presentation of Annual Results February 11, 2015 Antonio Huertas MAPFRE Chairman & CEO 2014 Results MAPFRE's results are excellent: 845 million euros in profits 2013 2014 % Consolidated

More information

PAPER-BASED SOLUTIONS FOR NICHE MARKETS WORLDWIDE

PAPER-BASED SOLUTIONS FOR NICHE MARKETS WORLDWIDE PAPER-BASED SOLUTIONS FOR NICHE MARKETS WORLDWIDE Henry C. Newell President and Chief Executive Officer Sherri L. Lemmer Senior Vice President and Chief Financial Officer UBS Securities Paper and Forest

More information

Company Presentation September 14

Company Presentation September 14 Estrictamente Company Presentation September 14 1 ILC s Highlights ILC placed the largest IPO in Chile (US$ 468 million) 2012 June 1 st 2013 ILC sold 51% of Desarrollos Educacionales June 18 th 2013 ILC

More information

H1 2014 Earning Results JULY 30 TH, 2014

H1 2014 Earning Results JULY 30 TH, 2014 H1 2014 Earning Results JULY 30 TH, 2014 Disclaimer This document includes forward looking statements relating to Ingenico Group s future prospects, development and business strategies. By their nature,

More information

Pilgrim s Pride Corporation

Pilgrim s Pride Corporation Pilgrim s Pride Corporation (NASDAQ: PPC) Proposal to Acquire Hillshire Brands May 27, 2014 Forward Looking Statements Statements contained in this presentation that state the intentions, plans, hopes,

More information

RIPLEY CORP presentation. January 2009

RIPLEY CORP presentation. January 2009 RIPLEY CORP presentation January 2009 Ripley Corp 1. Ripley Today 2. Ripley Chile 2.0 3. Ripley Peru 4. Financing 5. Main goals Ripley Today why invest Ripley? Because Is a big player in the department

More information

III. INTERIM MANAGEMENT REPORT OPERATING REVENUES AND FUNDS UNDER MANAGEMENT

III. INTERIM MANAGEMENT REPORT OPERATING REVENUES AND FUNDS UNDER MANAGEMENT III. INTERIM MANAGEMENT REPORT OPERATING REVENUES AND FUNDS UNDER MANAGEMENT Direct insurance and accepted reinsurance premiums written by the Group s subsidiaries amounted to 6,476.2 million in the first

More information

Now, I ll turn the conference over to Mr. Bernardo Hees, who will start the presentation. Mr. Hees, you may begin the conference

Now, I ll turn the conference over to Mr. Bernardo Hees, who will start the presentation. Mr. Hees, you may begin the conference Operator: Good morning ladies and gentlemen. At this time we would like to welcome everyone to América Latina Logística () s 2Q06 results conference call. Today with us we have Bernardo Hees the CEO; and

More information

Investor Presentation. August 2012. years. Parque Arauco S.A. www.parauco.com

Investor Presentation. August 2012. years. Parque Arauco S.A. www.parauco.com Investor Presentation August 2012 years Parque Arauco S.A. www.parauco.com This document has been prepared by Parque Arauco for the purpose of providing general information about the Company. The Company

More information

CHILE TRIP-SANTANDER GBM September 2009

CHILE TRIP-SANTANDER GBM September 2009 CHILE TRIP-SANTANDER GBM September 2009 >> Agenda 1. Environment 2. Our Business 3. Current Scenario and Future Challenges 2 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Jun/09 Long Term Investment

More information

The Americas Investing in Growth. Ian Curley, Group CFO Juan Guillermo Castaneda, CFO the Americas

The Americas Investing in Growth. Ian Curley, Group CFO Juan Guillermo Castaneda, CFO the Americas The Americas Investing in Growth Ian Curley, Group CFO Juan Guillermo Castaneda, CFO the Americas The Americas and M&A Key Takeaways Pan-regional footprint Increasing exposure to higher growth markets

More information

SCOPE 11-12 November Luleå

SCOPE 11-12 November Luleå PulpEye 2014 SCOPE 11-12 November Luleå Team PulpEye Omvärldsanalys massa- och pappersindustrin i Sydamerika PulpOnTarget Improved control of refining PulpEye 2014 SCOPE 11-12 November Luleå Team PulpEye

More information

Enjoy S.A. March 2013

Enjoy S.A. March 2013 Enjoy S.A. March 2013 Executive summary Enjoy: Leader in the Chilean gaming industry, with a successful track record dating back over 36 years Comprehensive casino, hotel, restaurant, bar, event, show

More information

Material Fact. São Martinho acquires stake in Santa Cruz and Agropecuária Boa Vista

Material Fact. São Martinho acquires stake in Santa Cruz and Agropecuária Boa Vista Material Fact São Martinho acquires stake in Santa Cruz and Agropecuária Boa Vista São Paulo, October 31, 2011 - São Martinho S.A. (BM&FBovespa: SMTO3; Reuters: SMTO3 SA and Bloomberg: SMTO3 BZ), one of

More information

Morningstar Document Research

Morningstar Document Research Morningstar Document Research FORM 6-K MASISA S.A. - MYSZY Filed: July 05, 2007 (period: June 30, 2007) Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act UNITED STATES SECURITIES

More information

Deutsche Bank. Andean Region Conference. London, May, 2016

Deutsche Bank. Andean Region Conference. London, May, 2016 Deutsche Bank Andean Region Conference London, May, 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.

More information

Market Overview. Business Highlights. Financials. Q&A Session

Market Overview. Business Highlights. Financials. Q&A Session Second Quarter 2013 Earnings Release Conference e Call Presentation Disclaimer This presentation is based on audited financial statements and may include statements that could constitute forward-looking

More information

Cantv Overview. Presentation to the Investor Community. February, 2006

Cantv Overview. Presentation to the Investor Community. February, 2006 Cantv Overview Presentation to the Investor Community February, 2006 1 Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) The leading telecommunications services provider in Venezuela and the country

More information

LAN AIRLINES Corporate Update. May, 2011

LAN AIRLINES Corporate Update. May, 2011 LAN AIRLINES Corporate Update May, 2011 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results. These expectations

More information

Empresas Públicas de Medellín

Empresas Públicas de Medellín 1 Empresas Públicas de Medellín Emerging Markets Corporate Conference Miami, March of 2010 Disclaimer 2 This document was prepared by EPM with the purpose of providing interested parties certain financial

More information

Enjoy S.A. June 2013

Enjoy S.A. June 2013 Enjoy S.A. June 2013 Executive summary Enjoy: Leader in the Chilean gaming industry, with a successful track record dating back over 37 years Comprehensive casino, hotel, restaurant, bar, event, show and

More information

Home Builders Conference San Pablo - Brazil October 2007

Home Builders Conference San Pablo - Brazil October 2007 Home Builders Conference San Pablo - Brazil October 2007 Investment Highlights Favorable economic environment in Chile Consistent growth Low interest rates and low inflation Government stability Largest

More information

Presentation of Grupo ACS. September 2009

Presentation of Grupo ACS. September 2009 Presentation of Grupo ACS September 2009 Strategic vision A global leader in infrastructure development In the fields of civil and industrial engineering activities With sustainable and profitable growing

More information

Evolution of Business First Quarter 2011 (January-March)

Evolution of Business First Quarter 2011 (January-March) Evolution of Business First Quarter 2011 (January-March) Table of Contents 1. Main Figures 4 Financial Data 4 Operating Data 4 2. Consolidated Profit & Loss Account 6 Consolidated Profit & Loss Account

More information

Corpbanca Investor Conference

Corpbanca Investor Conference Corpbanca Investor Conference December, 2014 I. ABOUT IANSA II. PLAN DULCE 2014 III. BUSINESS UNITS I. SUGAR & RELATED II. NON SUGAR BUSINESSES IV. 2014 FINANCIAL RESULTS Ownership structure OWNERSHIP

More information

Group sales stable on a currency-neutral basis Results significantly impacted by negative currency effects adidas Group confirms full year guidance

Group sales stable on a currency-neutral basis Results significantly impacted by negative currency effects adidas Group confirms full year guidance For immediate release Herzogenaurach, May 6, 2014 First Quarter 2014 Results: Group sales stable on a currency-neutral basis Results significantly impacted by negative currency effects adidas Group confirms

More information

ARCA CONTINENTAL REPORTS REVENUE GROWTH OF 26% WITH EBITDA UP 25.8% IN 3Q15

ARCA CONTINENTAL REPORTS REVENUE GROWTH OF 26% WITH EBITDA UP 25.8% IN 3Q15 ARCA CONTINENTAL REPORTS REVENUE GROWTH OF 26% WITH EBITDA UP 25.8% IN 3Q15 Monterrey, Mexico, October 23, 2015 Arca Continental, S.A.B. de C.V. (BMV: AC*) ( Arca Continental or AC ), the second-largest

More information

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2015 Fourth Quarter Results conference call via webcast on Thursday, February 11, 2016 at 1:00 p.m. ET at

More information

Prosegur 9M 2013 Results

Prosegur 9M 2013 Results Prosegur 9M 2013 Results November 12th, 2013 Compañía de Seguridad S.A. all rights reserved 1 Highlights in the period The transfer to clients of the increase in the labour costs in Brazil (ARV) is being

More information

Company Presentation

Company Presentation Company Presentation September-13 Privado y Confidencial 1 Ownership and stock price Estrictamente Privado y Confidencial Ownership structure (Jun-13) Stockbrokers 12,4% Mutual Funds & Others 5,9% Market

More information

Third quarter results FY2015. August 17, 2015

Third quarter results FY2015. August 17, 2015 Third quarter results FY2015 August 17, 2015 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

COMPANY PRODUCTS AND SERVICES

COMPANY PRODUCTS AND SERVICES COMPANY PRODUCTS AND SERVICES THE WORLD IS WAITING. 1 1 Santander Group. With more than 150 years in the business, Santander has become one of the world's largest financial groups. This has been based

More information

AES GENER HIGHLIGHTS

AES GENER HIGHLIGHTS 1 AES GENER HIGHLIGHTS 2 Highlights 2013 VENTANAS IV Start-up of commercial operations in March 2013 COCHRANE PROJECT Financial close and start of construction in March 2013 CAPITAL INCREASE Shareholders

More information

Be ONE: Our strategy in the current environment. Guidance 2010

Be ONE: Our strategy in the current environment. Guidance 2010 Results February January-December 25th, 2009 2010 1 Disclaimer This document contains additional non-compulsory forward-looking statements on intentions or expectations of the Company as of the date of

More information

For Immediate Release MERCER INTERNATIONAL INC. REPORTS STRONG 2015 THIRD QUARTER RESULTS ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.

For Immediate Release MERCER INTERNATIONAL INC. REPORTS STRONG 2015 THIRD QUARTER RESULTS ANNOUNCES QUARTERLY CASH DIVIDEND OF $0. For Immediate Release MERCER INTERNATIONAL INC. REPORTS STRONG 2015 THIRD QUARTER RESULTS ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.115 NEW YORK, NY, October 29, 2015 - Mercer International Inc. (Nasdaq:

More information

The attractions of Spain as an insurance market

The attractions of Spain as an insurance market The attractions of Spain as an insurance market Domingo Sugranyes, Executive Vice Chairman and CEO Goldman Sachs European Financials Conference Navigating the Sea of Change Puerto Banus, Spain, 8 June

More information

2014 2017 Strategic Plan Madrid Stock Exchange

2014 2017 Strategic Plan Madrid Stock Exchange More value for the shareholder: our commitment Documento en progreso y revisión Sujeto a aprobación 2014 2017 Strategic Plan Madrid Stock Exchange 2 April 2014 Company Overview Founded in 1959 Mexico Panama

More information

Earnings Release 9M2015

Earnings Release 9M2015 Earnings Release 9M2015 19 November 2015 Results overview Regional segments Final remarks PAGE 3 PAGE 12 PAGE 22 Europe Africa Latin America 2 Key highlights Consolidation of EGF in the 3Q15, according

More information

INVESTOR PRESENTATION

INVESTOR PRESENTATION INVESTOR PRESENTATION Santiago, March 2010 1. EMPRESAS SOCOVESA HISTORY 1965 Real Estate & Construction Company founded by Eduardo Gras Díaz First housing development 16 houses in Temuco 1967 New partners

More information

PEGAS NONWOVENS SA. First quarter 2010 unaudited consolidated financial results

PEGAS NONWOVENS SA. First quarter 2010 unaudited consolidated financial results PEGAS NONWOVENS SA First quarter 2010 unaudited consolidated financial results May 20, 2010 PEGAS NONWOVENS SA announces its unaudited consolidated financial results for the first quarter of 2010 to March

More information

Consolidated Results 2011

Consolidated Results 2011 SAG GEST Soluções Automóvel Globais, SGPS, SA Listed Company Estrada de Alfragide, nº 67, Amadora Registered Share Capital: 169,764,398 euros Registered at the Amadora Registrar of Companies under the

More information

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability 2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth

More information

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew

More information

First-Quarter 2014 Financial Results

First-Quarter 2014 Financial Results First-Quarter 2014 Financial Results www.unisys.com/investor Ed Coleman Chairman & CEO Janet Haugen SVP & CFO April 22, 2014 Disclaimer Statements made by Unisys during today's presentation that are not

More information

Conference Call 3Q 2012

Conference Call 3Q 2012 Conference Call 3Q 2012 November, 2012 Privado y Confidencial 1 Disclaimer This presentation may include market outlooks and forward-looking statements, which are based on the beliefs and assumptions of

More information

Content. 1. Strategy in Brief 2. Growth of the Paperboard Business 3. Future Development of Paper and Pulp 4. Financing 5. Results and Outlook

Content. 1. Strategy in Brief 2. Growth of the Paperboard Business 3. Future Development of Paper and Pulp 4. Financing 5. Results and Outlook Strenghtening of the Market Leadership in Cartonboard Henri Sederholm, VP, Finance and Control 1 Barclays, September 2012 Content 1. Strategy in Brief 2. Growth of the Paperboard Business 3. Future Development

More information

Institutional Presentation SEPTEMBER / 2015

Institutional Presentation SEPTEMBER / 2015 Institutional Presentation SEPTEMBER / 2015 WHO WE ARE 2 WHO WE ARE TOTVS is a business solutions company founded and based in Brazil, with clients in 39 countries and 11 Development Centers located in

More information

3 rd Quarter 2014 Earnings Conference Call Transcript

3 rd Quarter 2014 Earnings Conference Call Transcript 3 rd Quarter 2014 Earnings Conference Call Transcript Overview*: BDC reported 3Q14 consolidated revenues of $613.1M, income from continuing operations of $50.4M and diluted EPS from continuing operations

More information

Preliminary results FY2015. November 27, 2015

Preliminary results FY2015. November 27, 2015 Preliminary results FY2015 November 27, 2015 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating

More information

Accounting firm: audit, tax and financial advice

Accounting firm: audit, tax and financial advice PwC Accounting firm: audit, tax and financial advice Advisory services related to Climate Change and Sustainability: - Due-Diligence for carbon investments - Design and implementation of voluntary emission

More information

Santander in the world

Santander in the world Santander in the world Santander in Olive trees more than 1,000 years old at Grupo Santander City, Boadilla del Monte, Madrid The results of clearly show the Bank s capacity to solidly weather this difficult

More information

Third quarter 2014 November 6, 2014. Aperam 1

Third quarter 2014 November 6, 2014. Aperam 1 Third quarter 2014 November 6, 2014 Aperam 1 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries. These statements

More information

Quarterly Report. Grupo Clarín announces its Results for the Nine Months (9M15) and Third Quarter of 2015 (3Q15)

Quarterly Report. Grupo Clarín announces its Results for the Nine Months (9M15) and Third Quarter of 2015 (3Q15) Quarterly Report GCLA: Ps.117.0 / share (BCBA) GCLA: USD 16.0 / GDS (LSE) Total Shares: 287,418,584 Total GDSs: 143,709,292 Market Value: USD 2,299.3 MM Closing Price: November 10th, Grupo Clarín announces

More information

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts:

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts: 3Q11 Rio de Janeiro, November 3 rd, 2011 - SulAmérica S.A. (BM&FBovespa: SULA11), the largest independent insurance group in Brazil, presents its results for the third quarter of 2011 (3Q11). The Company

More information

ACADIAN TIMBER CORP. REPORTS FIRST QUARTER RESULTS

ACADIAN TIMBER CORP. REPORTS FIRST QUARTER RESULTS News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2012 First Quarter Results conference call via webcast on Wednesday, May 2, 2012 at 1:00 p.m. ET at www.acadiantimber.com

More information

How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell

How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell Case Study - 2012 How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell Is it possible to increase client relationship efficiency and revenue by collect, analyze

More information