Mills 4Q14 Result - xls

8/9/2019 Mills 4Q14 Result - xls

1/27

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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2/27

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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3/27

()/(#) (%)/(#)

" "

-4.6% -4.6%

-16.7% -13.1%

-61.7% -51.3%

-62.8% -52.6%

-60.1% -60.1%


4/27

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.


5/27

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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6/27

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"


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"


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7/27

:-deprecia5;o


8/27

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"


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."


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"



9/27

4Q14 "

16.3 29.3%

6.1 11.0%

33.2 59.7%

1"

3"

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10/27

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


11/27

(A)/(!)

"

128.4%

77.2%

62.3%

4"

64.3%

2."

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12/27

>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


in R$ million 213 214 214* (%)/() ()/()

() (%) () " "

Net revenue

(enta 197.2 161.8 161.8 -17.9% -17.9%


13/27

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%


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%


14/27

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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15/27

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%


16/27

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 $m&ara>?$


17/27

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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18/27


19/27

: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


20/27

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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21/27

12.6

-

-

9.1

-

-

612.1

833.3

563.3

487.0

8.8

0.2

-

1059.4

180.2


22/27

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


23/27

: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


24/27

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


25/27

- - 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


26/27

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 &"


27/27

Mills

-273 &"

1 &"

-9 &"

-279 &"

-657 &"

-102 &"

-81 &"

-749 &"

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Documents

Mills 4Q14 Result - xls