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8/9/2019 Mills 4Q14 Result - xls
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Resultado da Mills
Índice
Main Indicators
Revenue
COGS G&A
EBITDA
Capex per Business Unit
Financial Indicators per Business Unit
Incoe Stateent
Balance S!eet
Cas! "o#
ROIC
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Mills - Principais indicadores financeiros
in R$ million 4Q13 3Q14 3Q14* 4Q14 (D)/(C) (D)/(A) 213 214 214*
(A) (!) (C) (D) " " (#) () (%)
Net revenue 210.1 191.5 191.5 181.9 -5.0% -13.4% 832.3 794.2 794.2
EBITDA 102.4 66.7 79.0 55.6 -29.6% -45.7% 403.1 335.7 350.2
EBITDA margin %! 48.7% 34.8% 41.3% 30.6% 48.4% 42.3% 44.1%
Earning" #r$m $ntinuing $&erati$n" 46.8 3.2 11.3 -6.2 -155.2% -113.3% 167.7 64.3 81.7
Earning" #r$m 'i"$ntinue' $&erati$n" -1.2 0.0 0.0 0.0 4.9 0.0 0.0
Net earning" 45.6 3.2 11.3 -6.2 -155.2% -113.6% 172.6 64.3 81.7
()I* %! 14.1% 9.4% 9.9% 6.6% 14.1% 6.6% 7.5%
*a&e+ 93.9 19.5 19.5 22.6 15.6% -75.9% 499.3 199.1 199.1
,E+u'ing n$n-reurring item".
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()/(#) (%)/(#)
" "
-4.6% -4.6%
-16.7% -13.1%
-61.7% -51.3%
-62.8% -52.6%
-60.1% -60.1%
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Mills - Recei&a 'ida por &ipo
in R$ million4Q13 3Q14 4Q14 (C)/(A) (C)/(!)
(A) (!) (C) " "
(enta 176.6 161.4 149.4 -15.4% -7.5%
Tenia "u&&$rt "ervie" 4.8 1.3 1.3 -74.0% -0.1%
/ae" 22.5 19.1 18.6 -17.5% -2.6%
)ter" 6.1 9.8 12.7 108.7% 30.1%
+o&al ne& re,ene 211 1.1 101. -134" -"
Mills- Recei&a 'ida por nidade de necio
in R$ million 4Q13 " 3Q14 " 4Q14
eav $n"truti$n 58.6 27.9% 51.9 27.1% 52.5
(ea e"tate 54.2 25.8% 48.6 25.4% 45.4
(enta 97.2 46.3% 91.0 47.5% 83.9
+o&al ne& re,ene 211 1" 1.1 1" 101.
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213 214 (D)/(#)
(D) (#) "
674.2 663.3 -1.6%
21.4 8.1 -62.4%
101.3 80.5 -20.6%
35.3 42.3 19.9%
0323 .42 -4"
" 213 " 214 "
28.9% 217.0 26.1% 211.0 26.6%
25.0% 258.0 31.0% 212.4 26.7%
46.1% 357.3 42.9% 370.8 46.7%
1" 0323 1" .42 1"
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Mills - Cs&o de prod&os e ser,i5os ,endidos (CP6) e Despesas 7peracionais8 %erais e Adminis&ra&i,as (%9A)8
in R$ million 4Q13 " 3Q14 " 3Q14* " 4Q14 "
*$"t" $# $ e+euti$n g! 23.7 22.0% 23.3 18.6% 23.3 20.6% 22.4 17.7%
*$"t" $# "ae $# eui&ment 13.0 12.1% 19.1 15.2% 11.3 10.0% 10.5 8.3%
*$"t" $# a""et rite-$##" 2.3 2.1% 6.4 5.1% 1.8 1.6% 3.9 3.1%
Eui&ment "t$rage 11.9 11.0% 14.9 11.8% 14.9 13.1% 14.7 11.5%
*)/ 50.9 47.2% 63.6 50.7% 51.3 45.3% 51.5 40.6%
A 56.8 52.8% 61.9 49.3% 61.9 54.7% 75.4 59.4%
+o&al C7%< = %9A 1 1" 12 1" 1132 1" 12. 1"
,E+u'ing n$n-reurring item".
in R$ million 213 " 214 " 214* "
*$"t" $# $ e+euti$n g! 92.8 21.6% 92.1 19.7% 92.1 20.3% *$"t" $# "ae $# eui&ment 68.0 15.8% 53.2 11.4% 43.2 9.5%
*$"t" $# a""et rite-$##" 8.9 2.1% 13.7 2.9% 9.1 2.0%
Eui&ment "t$rage 42.6 9.9% 50.6 10.8% 50.6 11.1%
*)/ 212.3 49.5% 209.5 44.8% 195.0 43.0%
A 216.9 50.5% 258.5 55.2% 258.5 57.0%
+o&al C7%< = %9A 42.2 1" 40 1" 43 1"
,E+u'ing n$n-reurring item".
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:-deprecia5;o
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Mills - #!>+DA por nidade de necio
in R$ million 4Q13 " 3Q14 " 3Q14* "
eav *$n"truti$n 29.3 28.6% 21.4 32.1% 21.4 27.1%
(ea E"tate 17.1 16.7% -4.7 -7.0% 7.7 9.7%
(enta 56.0 54.7% 50.0 74.9% 50.0 63.2%
+o&al #!>+DA 124 1" 1" . 1"
#!>+DA marin (") 40" 340" 413"
,E+u'ing n$n-reurring item".
in R$ million 213 " 214 "
eav *$n"truti$n 108.1 26.8% 88.9 26.5%
(ea E"tate 93.8 23.3% 50.1 14.9%
(enta 201.2 49.9% 196.7 58.6%
+o&al #!>+DA 431 1" 33 1"
#!>+DA marin (") 404" 423"
in R$ million 4Q13* 3Q14 3Q14* 4Q14 (D)/(A) (D)/(C)
(A) (!) (C) (D) " "
Resl&s of con&inin opera&ions 40 32 113 -2 -1133" -12"
inania re"ut -13.5 -17.8 -17.8 -14.8 9.9% -16.6%
In$me ta+ an' "$ia $ntriuti$n e+&en"e" -12.7 -1.7 -5.8 -3.0 -76.5% -49.0%
7pera&ional Resl&s ?efore inancial Resl& 3 22 34. 11 -041" -"
De&reiati$n 37.5 43.3 43.3 43.4 15.6% 0.2%
E+&en"e" revenue"! reate' t$ te In'u"tria "ervie" #$rmer u"ine"" unit -8.2 0.7 0.7 0.7 -108.2% -7.4%
#!>+DA 124 . -4" -2."
,E+u'ing n$n-reurring item".
in R$ million213* 214 214* ()/(#) (%)/(#)
(#) () (%) " "
Resl&s of con&inin opera&ions 1 43 00 -1" -3"
inania re"ut -46.8 -67.6 -67.6 44.4% 44.4%
In$me ta+ an' "$ia $ntriuti$n e+&en"e" -65.7 -26.1 -26.1 -60.3% -60.3%
7pera&ional Resl&s ?efore inancial Resl& 202 1. 12 -43" -304"
De&reiati$n 131.0 168.3 168.3 28.4% 28.4%
E+&en"e" revenue"! reate' t$ te In'u"tria "ervie" #$rmer u"ine"" unit -8.2 9.5 9.5 -216.4% -216.4%
#!>+DA 431 33 32 -1" -131"
,E+u'ing n$n-reurring item".
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4Q14 "
16.3 29.3%
6.1 11.0%
33.2 59.7%
1"
3"
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Mills - Cape: por nidade de necio
Reali@ed !de&
in R$ million 4Q13 3Q14 4Q14 214 214
(A) (!)
(enta eui&ment
eav *$n"truti$n 29.4 9.1 12.1 47.5 37.0
(ea E"tate 4.2 1.7 4.2 19.3 25.0
(enta 50.4 3.0 0.5 105.3 169.0
Ren&al eipmen& 04 130 10 121 231
*$r&$rate an' u"e g$$'" 9.9 5.7 5.8 27.1 42.1
Cape: +o&al .3. 1. 22 1..1 231
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(A)/(!)
"
128.4%
77.2%
62.3%
4"
64.3%
2."
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>nfraes&r&ra - Principais indicadores
in R$ million 4Q13 3Q14 4Q14 (C)/(A) (C)/(!)
(A) (!) (C) " "
Net revenue
(enta 46.6 44.4 43.4 -6.8% -2.3%
Tenia "u&&$rt "ervie" "ae" an' $ter" 12.1 7.5 9.1 -24.4% 21.8%
+o&al ne& re,ene 0 1. 2 -1" 12"
*)/ e+-'e&reiati$n 12.9 13.1 12.1 -5.8% -7.8%
A e+-'e&reiati$n 16.5 17.4 24.1 46.1% 38.8%
EBITDA 29.3 21.4 16.3 -44.4% -23.9%
EBITDA margin %! 49.9% 41.2% 31.0%
()I* %! 19.2% 13.3% 9.9%
*a&e+ 29.5 9.5 12.1 -58.9% 27.0%
Inve"te' *a&ita 283.5 334.8 348.1 22.8% 4.0%
(enta net ::E 224.4 250.0 252.6 12.6% 1.0%
)ter" 59.1 84.8 95.5 61.5% 12.6%
De&reiati$n 8.5 10.2 10.2 19.8% -0.4%
#difica5es - Principais indicadores
in R$ million 4Q13 3Q14 3Q14B 4Q14 4Q14*
(A) (!) (C) (D) (#)
Net revenue
(enta 44.0 37.3 37.3 34.2 34.2
Tenia "u&&$rt "ervie" "ae" an' $ter" 10.3 11.3 11.3 11.2 11.2
+o&al ne& re,ene 42 40 40 44 44
*)/ e+-'e&reiati$n 16.4 27.0 14.7 13.9 11.8
A e+-'e&reiati$n 20.8 26.3 26.3 25.4 25.4
EBITDA 17.1 -4.7 7.7 6.1 8.2
EBITDA margin %! 31.5% -9.6% 15.7% 13.5% 18.1%
()I* %! 8.1% 2.1% 3.8% 0.4% 2.5%
*a&e+ 4.5 2.1 2.1 4.2 4.2
Inve"te' *a&ita 463.8 485.5 486.5 469.5 469.5
(enta net ::E 331.1 327.9 328.3 317.1 317.1
)ter" 132.7 157.6 158.3 152.4 152.4
De&reiati$n 11.3 12.2 12.2 12.2 12.2
,E+u'ing n$n-reurring item".
in R$ million 213 214 214* (%)/() ()/()
() (%) () " "
Net revenue
(enta 197.2 161.8 161.8 -17.9% -17.9%
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Tenia "u&&$rt "ervie" "ae" an' $ter" 60.8 50.5 50.5 -16.9% -16.9%
+o&al ne& re,ene 20 2124 2124 -1" -1"
*)/ e+-'e&reiati$n 76.3 69.5 55.1 -8.9% -27.8%
A e+-'e&reiati$n 87.9 92.7 92.7 5.5% 5.5%
EBITDA 93.8 50.1 64.5 -46.6% -31.2%
EBITDA margin %! 36.4% 23.6% 30.4%
()I* %! 8.1% 0.4% 2.5%
*a&e+ 92.1 20.7 20.7 -77.5% -77.5%
Inve"te' *a&ita 463.8 469.5 469.5 1.2% 1.2%
(enta net ::E 331.1 317.1 317.1 -4.2% -4.2%
)ter" 132.7 152.4 152.4 14.9% 14.9%
De&reiati$n 40.1 47.5 47.5 18.6% 18.6%
,E+u'ing n$n-reurring item".
Ren&al - Principais indicadores
in R$ million4Q13 3Q14 4Q14 (C)/(A) (C)/(!)
(A) (!) (C) " "
Net revenue
(enta 86.1 79.7 71.8 -16.6% -10.0%
Tenia "u&&$rt "ervie" "ae" an' $ter" 11.1 11.3 12.2 9.9% 7.7%
+o&al ne& re,ene .2 .1 03. -13" -0"
*)/ e+-'e&reiati$n 21.6 23.5 25.5 18.0% 8.7%A e+-'e&reiati$n 19.5 17.5 25.2 29.2% 43.6%
EBITDA 56.0 50.0 33.2 -40.7% -33.5%
EBITDA margin %! 57.7% 54.9% 39.6%
()I* %! 18.2% 14.5% 11.5%
*a&e+ 51.9 3.6 1.9 -96.4% -48.5%
Inve"te' *a&ita 540.3 683.8 704.6 30.4% 3.0%
(enta net ::E 489.6 584.3 590.8 20.7% 1.1%
)ter" 50.7 99.6 113.9 124.6% 14.3%
De&reiati$n 17.7 20.9 21.0 18.8% 0.5%
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213 214 (#)/(D)
(D) (#) "
169.3 177.4 4.8%
47.7 33.6 -29.7%
21 211 -2"
49.2 48.3 -1.8%
59.7 73.8 23.7%
108.1 88.9 -17.7%
49.8% 42.1%
19.2% 9.9%107.6 48.2 -55.2%
283.5 348.1 22.8%
224.4 252.6 12.6%
59.1 95.5 61.5%
30.5 39.8 30.7%
(D)/(A) (D)/(!) (#)/(A) (#)/(C)
" " " "
-22.2% -8.3% -22.2% -8.3%
9.3% -0.5% 9.3% -0.5%
-12" -" -12" -"
-15.2% -48.6% -28.0% -19.8%
22.3% -3.1% 22.3% -3.1%
-64.1% -231.1% -51.8% 7.6%
-4.9% 97.7% -4.9% 97.7%
1.2% -3.3% 1.2% -3.5%
-4.2% -3.3% -4.2% -3.4%
14.9% -3.3% 14.9% -3.7%
7.6% 0.0% 7.6% 0.0%
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213 214 (D)/(#)
(D) (#) "
307.7 324.0 5.3%
49.6 46.8 -5.6%
33 30 30"
86.8 91.7 5.6%
69.3 82.5 19.0%
201.2 196.7 -2.3%
56.3% 53.0%
18.2% 11.5%
270.5 108.7 -59.8%
540.3 704.6 30.4%
489.6 590.8 20.7%
50.7 113.9 124.6%
60.5 80.9 33.7%
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Mills - DR#
in R$ million 4Q13 3Q14 4Q14
e& re,ene from sales and ser,ices 211 1.1 101.
*$"t $# &r$'ut" "$' an' "ervie" ren'ere' 85.7! 102.7! 90.7!
%ross profi& 1244 00 .12
)ter $&erati$na revenue" 8.3 - -
enera an' a'mini"trative e+&en"e" 59.6! 66.1! 79.6!
7pera&in profi& 3 22 11
inania e+&en"e 17.0! 28.2! 18.1!
inania in$me 3.5 10.4 3.3
inancial resl& (13) (10) (140)
Profi& ?efore &a:a&ion . 4. (32)
In$me ta+ an' "$ia $ntriuti$n e+&en"e" 12.7! 1.7! 3.0!
Resl&s of con&inin opera&ions 40 32 (2)
Resl&s of discon&ined opera&ions (12) - -
e& income 4 32 (2)
Numer $# "are" at te en' $# te &eri$' in t$u"an'"! 127386 128058 128058
Net in$me (; &er "are"! 0.36 0.03 0.05!
< (ea""i#ia'$ e+uin'$ uni'a'e 'e neg=i$ /ervi>$" In'u"triai" &ara e#eit$ 'e $m&ara>?$
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213 214
0323 .42
334.9! 362.4!
4.3 4310
8.3 -
225.4! 273.8!
202 1.
60.0! 92.8!
13.2 25.2
(40) ()
2334 .3
65.7! 26.1!
1 43
4. -
12 43
127386 128058
1.4 0.5
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:r$vi"i$n #$r ta+ ivi an' a$r ri"" 10.6 12.8Ta+e" &aae - -De#erre' ta+e" 2.5 -
Ta+ re#inaning &r$gram (EI/! 9.4 9.2Tra'e" &aae - "t$ &an - -)ter @iaiitie" - -
T$ta N$n-*urrent @iaiitie" 529.7 611.0
T$ta @iaiitie" 784.7 844.6
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4Q14
193.7156.8
21.8
28.7
0.2
1.2
17.5
5.6
425.3
1.4
32.0
24.9
10.4
34.9
103.7
87.4
1200.1
76.1
1363.7
1467.4
180.2
4Q14
16.5
49.6
105.3
19.4
2.5
1.0
4.0
-
21.8
--
-
1.0
221.2
14.9
-
575.5
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12.6
-
-
9.1
-
-
612.1
833.3
563.3
487.0
8.8
0.2
-
1059.4
180.2
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Mills - l:o de Cai:a
em R$ milFes 3Q14
CasF floI from opera&in ac&i,i&ies
e& income ?efore &a:a&ion 4.
A'u"tment"
De&reiati$n an' am$rtiati$n 43.3
:r$vi"i$n #$r ta+ ivi an' a$r ri"" 1.5
Arue' e+&en"e" $n "t$ $&ti$n" 2.4
:r$#it "aring &aae 1.7!
(e"i'ua vaue $# #i+e' an' intangie a""et" -
Ta+ re#inaning &r$gram (EI/! -
ain $n "ae $# &r$&ert &ant an' eui&ment an' intangie a""et" 12.0!
aretae "euritie" in$me -
Intere"t m$netar an' e+ange rate variati$n $n $an" $ntingenie" an' 'e&$"it" in $urt -
A$ane #$r '$ut#u 'et" 18.9
)ter" 8.7
*a&ita gain $n 'i"&$"a $# inve"tment 12.3
Im&$"t$ 'e ren'a e $ntriui>?$ "$ia 'i#eri'$" -
33
CFanes in asse&s and lia?ili&ies
Tra'e reeivae" 12.9
Invent$rie" 2.0!
(e$verae ta+e" 8.6
De&$"it" in $urt 0.1!
:re&ai' e+&en"e" -
:re&ai' "u&&ier" -
)ter a""et" 3.4
/u&&ier" 1.0
/aarie" an' &ar$ arge" 1.0
In$me ta+ an' "$ia $ntriuti$n -
Ta+ re$ver &r$gram - @a 11941F2009 -
Ta+e" &aae 0.6!
:r$#it "aring &aae -
:r$vi"i$n #$r $ntingenie" -
)ter iaiitie" 3.2!
211
CasF from opera&ions ..3
@a"uit" "ette' 0.2!
Intere"t &ai' 16.8!
In$me ta+ an' "$ia $ntriuti$n &ai' 10.7!
:r$#it "aring &ai' -
e& casF enera&ed ?H opera&in ac&i,i&ies 1
CasF floI from in,es&men& ac&i,i&ies
aretae "euritie" -
A'vane" $n a""et" e' #$r "ae -
Aui"iti$n" $# inve"tment" -
:ura"e" $# &r$&ert &ant an' eui&ment an' intangie a""et" 31.0!
:r$ee'" #r$m "ae $# &r$&ert &ant an' eui&ment an' intangie a""et" 16.8
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:I/ an' *)IN/ ta+ re'it" #r$m aui"iti$n $# renta eui&ment -
:r$ee'" #r$m "ae $# /I u"ine"" unit 16.6
A""et rite-$## -
Net a" &r$ee'e' #r$m a&&ie' $n! inve"tment ativitie" 24
CasF floI from financin ac&i,i&ies
*a&ita $ntriuti$n" 0.3
/are" in trea"ur -
*$"t" $# i""ue" $# "are" -
Divi'en'" an' intere"t $n a&ita inve"te' &ai' 3.3!
(e&ament $# $rr$ing" 3.6!
B$rr$ing" rai"e' -
e& casF enera&ed ?H (sed in) financin ac&i,i&ies ()
>ncrease (decrease) in casF and casF ei,alen&s 3
CasF and casF ei,alen&s a& &Fe ?einnin of &Fe period .3
CasF and casF ei,alen&s a& &Fe end of &Fe period 111
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4Q14 213 214
(32) 24 .3
43.4 136.9 168.3
1.9! 1.4 1.0
2.5 10.0 9.5
- 18.7 -
- - GGG
- - GGG
10.4! 46.7! 43.8!
- 8.3! -
- - GGG
25.6 56.4 80.6
22.2 17.2 42.3
3.4 1.3 15.8
- - GGG
04. 100 23
2.2! 44.5! 22.2!
0.2 9.4! 3.3!
6.6 27.7 29.5
0.2 1.8 0.4
- - GGG
- - GGG
0.4! 5.6 1.7
0.3! 1.4! 0.4
5.8! 6.3 0.2
- - GGG
- - GGG
0.7! 11.4! 2.6
- - GGG
- - GGG
1.2! 3.6! 4.2!
(3) (200) 2
0 3.0 3.2
- 0.7! 0.6!
23.0! 48.8! 69.7!
7.6! 65.5! 38.9!
- 20.1! 18.6!
44 234 2414
- 159.6 -
- 25.2 -
- - GGG
18.3! 514.4! 214.8!
15.7 71.5 61.6
enu
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- - GGG
- - 27.9
- - GGG
(2) (201) (123)
- 15.6 10.1
11.0! - 11.0!
- - GGG
- 41.8! 46.7!
1.2! 38.5! 300.6!
- 41.0 400.0
(122) (23) 1
33 (104) 1.
111 442 20
1.3 20 1.3
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ea,H Cons&rc&ion Real #s&a&e Ren&al
R7>C ,aria&ion (o)
)&erati$na in$me a#ter ta+e" -307 &" -170 &" -267 &"
(enta net ::E -10 &" 5 &" -14 &"
)ter" -41 &" 2 &" -30 &"
T$ta -346 &" -169 &" -302 &"
R7>C ,aria&ion (HoH)
)&erati$na in$me a#ter ta+e" -705 &" -772 &" -323 &"
(enta net ::E -173 &" 25 &" -288 &"
)ter" -218 &" -33 &" -191 &"
T$ta -929 &" -772 &" -673 &"
8/9/2019 Mills 4Q14 Result - xls
27/27
Mills
-273 &"
1 &"
-9 &"
-279 &"
-657 &"
-102 &"
-81 &"
-749 &"
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