PLASCAR ANNOUNCES RESULTS - SEPTEMBER 30, 2013.

Transcrição

1 (All amounts in thousands of reais unless otherwise stated) PLASCAR ANNOUNCES RESULTS - SEPTEMBER 30, Price (9/30/2013) PLAS3 - R$ 0.62 Market value at 9/30/2013 R$ 150 million Number of shares Common shares: 242 MM Investor Relations Rua Pierre Simon de Laplace, 965 Conj. B1,B2,B3,B4,C1,C2 Cond. Unic Sl. 2 Cj. B1 Techno Park Campinas-SP - CEP Board of Directors Wilbur L. Ross Jr. André C. do Nascimento Charles D. Popoff Francisco N. Satkunas Edson F. Menezes Sthephen J. Toy Luiz Orlando C. Novaes Audit Committee Adauto Martins Costa Mauro Cesar Leschziner João Verner Juenemann Website Campinas, State of São Paulo, October 24, Plascar Participações Industriais S.A. (Bovespa: PLAS3), leader in the Brazilian market for components and parts used in the internal and external finishing of light and heavy automotive vehicles, operating as original equipment manufacturer (OEM's), supplying automobile manufactures in Latin America and MERCOSUR, with exports to Argentina, Mexico, USA, Australia and Europe, announces its results for 9M13. The Company s financial and operating information, unless otherwise stated, is consolidated and the monetary values are in reais. Performance highlights for 9M2013: EBITDA of R$ 13.5 million (2.1% margin). Net revenue of R$ million. Gross margin of 9.2% (R$ 59.4 million). Plascar Performance for the period Amounts in thousands of reais 9M13 9M12 Variation - % Gross sales 788, , % Net revenue 645, , % Gross profit 59,411 93, % Gross margin - % 9.2% 13.9% -4.7p.p. EBITDA 13,484 31, % EBITDA margin - % 2.1% 4.6% -2.5p.p. Loss (54,443) (43,696) -24.6% These amounts include net sales of R$ 188,067 (R$ 202,821 in 2012) / EBITDA of R$ -768 (R$ 14,549 in 2012)/ loss of R$ 18,287 (R$ 1,294 in 2012) of Plascar Argentina S.A. (prior to August 2011, Plastal Argentina). IR Contact Gordiano Pessoa Filho Finance and Investor Relations Officer gordiano.pessoa@plascargroup.com Telephone: of 6

2 History The Company started its activities in October 1963 in Jundiaí, State of São Paulo, in the rubber products market. The Company is operating in the automotive market since 1973, and in the mid-80s, after several mergers, promoted a significant boost in its subsidiaries, through a growth and modernization program, becoming then a leader in the automotive plastic parts sector. Corporate Structure IAC Group Brazil is a joint venture between WL Ross & Co. LLC ( WLR ) and Franklin Mutual Advisers, LLC. On April 12, 2006, the ownership control of Permali do Brasil Ind. e Com. Ltda. was acquired from Collins & Aikman Europe S.A. by International Automotive Components Group Brazil, LLC (IAC Group Brazil, LLC), headquartered in Delaware, in the United States. Legal Structure IAC Group Brazil Non-controlling stockholders 2 of 6

3 Operating Performance According to the National Association of Automotive Vehicle Manufacturers (ANFAVEA), sales decreased by 0.3% in 9M13 when compared to the same period in the prior year, while increasing by 18.9% in Argentina. Vehicle production in 9M13 increased by 13.9% vs. 9M12 (Source: ANFAVEA) and by 11.4% in Argentina (Source: Association of Automotive Vehicle Manufacturers in Argentina (ADEFA)). SOURCE: ANFAVEA BRAZIL SOURCE: ADEFA ARGENTINA 9M12 9M13 VAR. - % 9M12 9M13 VAR. - % VEHICLE PRODUCTION 2,495 2, % % VEHICLE SALES 2,789 2, % % Consolidated net revenue decreased by 4.1%, reaching a gross margin of 9.2% in the period. Net revenue for 9M13 totaled R$ 645,925 million. PLASCAR Gross revenue Brazil Argentina Consolidated 2013 (Jan to Sep) R$ 599,880 R$ 188,953 R$ 788, (Jan to Sep) R$ 614,059 R$ 204,987 R$ 819,046 Variation (%) -2.3% -7.8% -3.7% 3 of 6

4 Composition of net revenue 9M12 R$ 673,252 thousand Composition of net revenue 9M13 R$ 645,925 thousand 4 of 6

5 Gross profit vs. Gross margin - % Gross margin for 9M13 was 9.2% (13.9% in 2012), while gross profit totaled R$ 59.4 million. All amounts in thousands of reais unless otherwise stated R$ 673,252 * R$ 645,925 ** R$ 242,310 R$ 210,028 ** * R$ 93,518 R$ 38,064 * R$ 12,414 ** 15.7% 5.9% 13.9% R$ 59,411 ** 9.2% 3Q12 3Q13 9M12 9M13 Net income Gross profit * Includes net sales of R$ 79,016 in the quarter (R$ 202,821 in the nine-month period) and gross profit of R$ 10,466 in the quarter (R$ 24,264 in the nine-month period) in 2012 of Plascar Argentina S.A. ** Includes net sales of R$ 61,429 in the quarter (R$ 188,067 in the nine-month period) and gross profit of R$ 177 in the quarter (R$ 10,871 in the nine-month period) in 2013 of Plascar Argentina S.A. EBITDA in R$ vs. EBITDA% EBITDA for 9M13 totaled R$ 13.5 million, and the EBITDA margin was 2.1% (4.6% in 2012). 5 of 6

6 Debentures (all amounts in thousands of reais unless otherwise stated) Loss totaled R$ 54,443 thousand in 9M13, compared with a loss of R$ 43,696 thousand in the same period of By majority vote, at the Extraordinary General Meeting of Stockholders held on April 7, 2010, the Company approved the private issue, in a single series, of 40,000 subordinated debentures mandatorily convertible into Company shares, with a par value of R$ 10 each. The debentures had a two-year maturity as from the issue date (therefore expired on May 7, 2012) and were remunerated at a rate equal to 110% of the Interbank Deposit Certificate (CDI) rate variation. On December 8, 2011, the Company obtained approval from the Brazilian Securities Commission (CVM) to carry out the auction of the remaining debentures. However, in accordance with the communication sent to the CVM, filed on March 28, 2013, the Company decided not to proceed with the auction of the remaining debentures, which would be made through a primary distribution public offering. Consequently, there were no new subscriptions. On May 7, 2012, all the 14,756 debentures were converted at the issue price of R$ 2.60 per share, with consequent increase of the Company's capital totaling R$ 185,276 (equivalent to 71,260,040 new shares). Interest was mandatorily paid on maturity, through payment in kind with Company shares. The additional information relating to this note was not subject to significant changes in relation to existing disclosures in Note 12 to the financial statements at December 31, Human Resources Despite economic hardships in Brazil, the Company continues to invest in the professional development of its employees, with approximately 155 coaching and training hours per employee (in the last 12 months), focused on National Service for Industrial Training (SENAI) learning, internships and adult education, as well as technical and operational development training. 6 of 6

7 The Company had 4,481 employees at September 30, 2013 (4,689 at September 30, 2012). Plastal Argentina In August 2011, the corporate name of Plastal was altered to Plascar Argentina S.A. 7 of 6

8 Atenção **** Não destacar esta folha do trabalho **** Departamento de Traduções - 13º andar Dados do Projeto Cliente PLASCAR PARTICIPAÇÕES INDUSTRIAIS S.A. Departamento Assurance Tipo de trabalho Press Release Idioma P/I Nome do arquivo PLASCARPR913RL-DOCX Código para débito /0001 Sócio Gerente Carlos Lazaretti Sócio substituto Encaminhar para João Souza Andamento - Traduções Nome Data Observações Entrada Track Changes Tradução RL Free Translation Correções Cintia Ponto por vírgula Cheque Sandra Corretor ortográfico Correções Cintia Montagem ITR Cheque Formatação Revisão da tradução Correções Correções Rodapé 2ª. Revisão OK Correções 3ª. Revisão HISTÓRICO DE ALTERAÇÕES / PONTOS DE ATENÇÃO PARA O USUÁRIO Página da versão original VERSÃO ORIGINAL Página da versão traduzida VERSÃO TRADUZIDA