DEXCO S.A. Earnings Results
2Q22
NET REVENUEA | VOLUME | Capacity | |||||||||||||||
Utilization | |||||||||||||||||
RECURRING - R$ Million | 90% | 60% | 88% | ||||||||||||||
2,213 | TILES | ||||||||||||||||
1,974 | WOOD | DECA | |||||||||||||||
14% | 000 m3 | 000 peças | 000 m2 | ||||||||||||||
Wood | Deca | ||||||||||||||||
15% | -4% | -7% | -25% | ||||||||||||||
Tiles | 28% | ||||||||||||||||
28% | 8,053 | 7,464 | 6,928 | ||||||||||||||
756 | 723 | 5,188 | |||||||||||||||
57% | 58% | ||||||||||||||||
2Q21 | 2Q22 | 2Q21 | 2Q22 | 2Q21 | 2Q22 | 2Q21 | 2Q22 | ||||||||||
CONSOLIDATED ADJUSTED | ADJUSTED AND RECURRING EBTIDA and MARGIN PER DIVISION | ||||||||||||||||
AND RECURRING EBITDA | R$ Million / % | ||||||||||||||||
R$ Million | |||||||||||||||||
WOOD | DECA | TILES | |||||||||||||||
Wood | 25.3% | 20.2% | |||||||||||||||
Deca | 500 | ||||||||||||||||
446 | |||||||||||||||||
Tiles | 16% | 29.7% | 20.2% | ||||||||||||||
16% | |||||||||||||||||
18% | 333 | 16.0% | 18.2% | 23.7% | |||||||||||||
26% | |||||||||||||||||
260 | 113 | 26.2% | |||||||||||||||
Margin | |||||||||||||||||
89 | 73 | ||||||||||||||||
67% | 58% | 79 | |||||||||||||||
2Q21 | 2Q22 | 2Q21 | 2Q22 | 2Q21 | 2Q22 | 2Q21 | 2Q22 | ||||||||||
SEGMENTATION OF | RECURRING NET INCOME | CAPEX | |||||||||||||||
SALES 2Q22 | |||||||||||||||||
R$ Million | R$ Millions | ||||||||||||||||
% by sale channel | -19% | ||||||||||||||||
2% | 251 | Investiments | 2Q21 | 2Q22 | 1H21 | 1H22 | |||||||||||
WOOD | 203 | ||||||||||||||||
FORESTRY OPEX | 45 | 93 | 86 | 224 | |||||||||||||
18% | Furniture Industry | ||||||||||||||||
42% | Resale | MAINTENANCE | 69 | 118 | 146 | 185 | |||||||||||
Foreign Market | CAPEX Sustaining | 114 | 211 | 231 | 409 | ||||||||||||
Civil Construction | |||||||||||||||||
38% | |||||||||||||||||
2Q21 | 2Q22 | EXPANSION | 81 | 123 | 115 | 537 | |||||||||||
PROJECTS¹ | |||||||||||||||||
DECA | CASH FLOW | FINANCIAL LEVERAGE | |||||||
7% | R$ Million / % | Net Debt/ Adjusted and Recurring EBITDA LTM | |||||||
Retail | |||||||||
16% | R$ Million / x | ||||||||
39% | Civil Construction | ||||||||
FCF Sustainig | 3,689 | ||||||||
Specialized Stores | Working Capital | 3,260 | |||||||
18% | |||||||||
Home Center | |||||||||
CCR | |||||||||
20% | Foreign Market | 2,448 | |||||||
Cash Convertion Ratio | |||||||||
TILES² | 194 | 1,771 | 1,705 | 1.5x | 1.7x | ||||
104 | 1.1x | ||||||||
13% | Specialized Stores | 0.9x | |||||||
0.8x | |||||||||
-211 | |||||||||
35% | |||||||||
14% | Civil Construction | ||||||||
Home Center | -371 | ||||||||
16% | Retail | 39% | N/A | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | |
22% | |||||||||
2Q21 | 2Q22 | ||||||||
Foreign market and | |||||||||
others |
1 - Expansion Projects, DX Ventures, Investments in LD Celulose, non-recurring payments and receipts; 2 -Ceusa and Portinari Brands.
2Q22
FACT SHEET
2018 | 2020 | 20 | 22 | |||
2Q20 | 1H22 | |||||
Beggining of the operation | ||||||
Structuring of finance | ||||||
4Q20 | First shipment | |||||
2Q18 | 48% of the construction | |||||
Agreement Signature | complete | |||||
2Q19 | 4Q21 | 1Q23 |
Instalation license | 93% of the construction | Full capacity |
complete | operating |
4Q19
Creation of the joint venture
2019 | 2021 | 2023 |
Dexco S.A. is a pubicly traded Brazilian company, with shares traded on B3, and since 2009 has been part of the Novo Mercado, which shows the adoption of the highest standard of Corporate Governance.
The Company operates in three business divisions - Wood, Deca and Tiles.
In addition to these three business divisions, at the end of 2019 the LD Celulose joint venture for production of Dissolving Wood Pulp, which had the start of its operation announced in early 2022.
SHAREHOLDER | DXCO3 2Q22 | DIVIDEND POLICY | 8.6% | ||||||||||||
STRUCTURE | Closing price: R$ 9.87 | 6.5% | 6.7% | ||||||||||||
TOTAL OF SHARES: 760,962,951 | Quarter: -32.8% | 3.5% | 3.9% | ||||||||||||
Avarage Financial Volume: R$ 41.7 million | 2.1% | 2.2% | 2.4% | 1.1% | 2.2% | ||||||||||
Dividend | |||||||||||||||
Itaúsa* | Yield | ||||||||||||||
Payout | |||||||||||||||
36% | |||||||||||||||
40% | Bloco Seibel* | ||||||||||||||
Treasury | Minimum | ||||||||||||||
4% | Free Float | 53% | 43% | 39% | 33% | 138% | 36% | 127% | 64% | 113% | 51% | Dividend | |||
20% | (30% of adjusted net | ||||||||||||||
income) | |||||||||||||||
*Including Family participation | 03/31/2021 | 06/30/2022 | 2011 | 2012 | 2013 | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | Payment | ||
0.29 | 0.29 | 0.29 | 0.19 | 0.38 | 0.10 | 0.79 | 0.37 | 0.75 | 1.28 | R$ / Share | |||||
− Payment at least once per fiscal year. |
COMMINTMENT ESG
(1) In 2016, no disbursements was made regarding Dividends and Interest on Capital
Publication of the 3rd Integrated Report, with highlights for:
- Progress and results from the new Sustainability Strategy;
- Socioenvironmental initiatives and investment in the business's Divisions; and
- 70 years of Dexco and the change to the corporate brand.
Improved assessment of climate risks and their financial implications through the Task Force on Climate- related Financial Disclosures
In addition...
In 2021, Dexco removed over 330k tCO2e from the atmosphere;
Hit the annual target for female leadership: achieving 25% of women among the leadership team; and
+17k people and 96 institutions in
14 municipalities benefitted from our Private Social Investment.
INVESTOR RELATIONS
Henrique Haddad - VP of Adm, Finance and IR Natasha Utescher - IR Manager
Alana Santos - IR Analyst Mariana Fontenelle - IR Analyst
dex.co/ir
investidores@dex.co + 55 11 3179.7045
Av. Paulista 1.938 - CEP 01310-200 Consolação - São Paulo - SP
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Dexco SA published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 23:47:07 UTC.
