1Q24 Earnings Videoconference
April 30, 2024 | "Strong quarter with robust profitability, driven by a Positive Sales Mix and |
Strategic Diversification" |
DISCLAIMER
This is a supporting document for Kepler Weber S/A's earnings videoconference for the first quarter of 2024.
Statements contained herein concerning business prospects, projected results of operations and financial results and the growth prospects of Kepler Weber are mere projections and, as such, are based exclusively on Management's expectations about the future of business.
Such forward-looking statements substantially depend on the approvals and licenses needed to ratify the projects, on market conditions, and the performance of the Brazilian economy, the industry and international markets, which makes them subject to change without prior notice.
This performance report includes accounting and non-accounting data such as operational information, pro forma financial information and projections, which are all based on Management's expectations.
The non-accounting data have not been reviewed by the Company's independent auditors.
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Key Highlights | 1Q24 and 1Q23
(in millions of Reais)
Net
Revenues
1Q24 380.3 + 17.7%
Against 1Q23
1Q23 323.1
EBITDA
90.4 23.8%
EBITDA Margin
+ 16.8%
Against 1Q23
77.4 24.0%
EBITDA Margin
Net Income
52.2 13.7%
Net Margin
+ 2.0%
In relation to 1Q23
51.2 15.8%
Net Margin
3
Business areas
Net Operating Revenues
Performance
15%
(in millions of Reais) | ||||
Farms | Agribusiness | International | Ports and | Replacement and |
Business | Terminals | Services | ||
12%
35%
1Q24
R$132.0 | R$106.0 | R$38.8 | R$46.6 | R$57.0 | 1Q24 |
10%
28%
16%
33%
10%
1Q23
7%
34%
+22.8% | -3.7% | +70.2% | +46.5% | +11.8% 1Q24 vs. 1Q23 |
R$107.4 | R$110.1 | R$22.8 | R$31.8 | R$51.0 | 1Q23 |
4
Grain storage | Domestic Projects
200T/h | 13.4 thousand tons | 29.7 thousand tons |
Três de Maio (RS) | Correntina (BA) | Ivinhema (MS) |
Delivered in January 2024 | Delivered in February 2024 | Delivered in March 2024 |
Product: Corn | Product: Soybean | Product: Soybean and Corn |
5
Grain Storage | International Projects
KW MAX 200 | KW DRYER 3800 |
Bolivia (Tunas) | Uruguay (Treinta Y Tres) |
Delivered in February 2024 | Delivered in March 2024 |
Product: Soybean | Product: Rice |
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Significant Supplies negotiated in the period
Farms | Agribusiness | ||
05 projects | 10 projects | International Business | |
04 Medium-sized farmer | |||
02 Cooperatives | 03 projects for Grain Producers | ||
01 Large farmer | 04 Grain producers | ||
04 Agribusiness | |||
Order amount R$ | R$35.5 million | R$119.3 million | R$22.9 million |
Products | New projects with a complete | ||
Storage system (Silos, | New projects with a complete | Expansion of existing projects for | |
Dryers, Cleaning Machines | Storage system (Silos, | the Storage system (Silos, Dryers, | |
and Conveyors). | Dryers, Cleaning Machines, | Cleaning Machines and | |
Conveyors). | Conveyors). | ||
Sector | Grain Storage | Grain Storage | Grain Storage |
Soybeans and Corn | Soybeans and Corn | Soybeans and Corn | |
Project delivered* | 08/2024 | 11/2024 | 06/2024 |
R$177.7 MM new orders in
18 strategic projects
* Billlings to start in April 2024 and until the relevant delivery dates. | 7 |
EBITDA | 1Q24
(in millions of Reais)
+13.0
(+16.8%)
7.1 | 90.4 | |||
0.2 | ||||
77.4 | 19.9 | |||
23.8%
24.0%without ROL without ROL
1Q23 | NET INCOME | SG&A | OTHER | 1Q24 |
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Investments | CAPEX
1Q24 investments in modernization and | |||||
CapexEvolution | production capacity | ||||
(in millions of Reais) | |||||
-73% | |||||
29.4 | |||||
24.9 | |||||
18.4 | |||||
11.7 | 12.0 | 14.4 | |||
9.1 | |||||
7.5 | 7.8 | ||||
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
Gutter pipe Manufacturing Cell
1% 3%
Increase in Manufacturing Capacity | |||
3% | 26% | ||
34% | New Products | ||
1Q23 | 1Q24 | ||
IT | |||
13% | 27% | Reforms/Legislation - NRs | |
9 | |||
92% |
Cash and cash equivalents | Net Cash 1Q24
Cash and cash
equivalents
(Gross Balance)
Net Cash
R$319.7R$173.4
millionmillion
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Disclaimer
Kepler Weber SA published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2024 10:24:07 UTC.