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Presentation of 2Q13 Results

Disclaimer This presentation may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than

historical facts, are subject to various risks and uncertainties. Mills cannot guarantee
that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, real estate and oil & gas sectors, among others, and governmental rules, that are subject to change without prior notice. To obtain further information on factors that may give rise to results different from those forecast by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).

Agenda

Sale of the Industrial Services business unit

2Q13 Results

Growth plan

We entered into an agreement in July to sell our Industrial Services business unit
Objective:

To focus on businesses in which Mills competencies are able to add higher value to its
shareholders and clients. Price:

R$ 102 million; implicit EV/EBITDA ratio= 5.2x


Form of payment: R$ 25 million - advance payment on the date of the sale agreement R$ 17 million on the closing of the sale R$ 60 million in four equal annual installments, adjusted by the CDI rate Financial results of Industrail Services1: Net revenue: R$ 214 million EBITDA: R$ 19.5 million, which represents 5.3% of Mills EBITDA
4
1Last

twelve months ended March 31, 2013.

Agenda

Sale of the Industrial Services business unit

2Q13 Results

Growth plan

2Q13 Highlights
In R$ million

300.0 43.3% 250.0 35.4% 200.0 175.1 34.2% 43.2% 40.0% 199.1 211.1 222.2 40.7% 222.2 246.8 37.1% 39.6% 42.5% 239.9 271.5

50% 45% 40%

39.5%
193.5

New Records 35%


30% 25%

164.0
150.0

175.1 29.0%

100.0
12.7% 58.0 50.0 50.8 11.1% 8.6% 23.8 22.6 17.8 3Q11 Net Revenues 3Q11* 59.9

76.4 14.2% 29.5

86.2 15.1% 32.7

84.4 13.6% 39.2

96.1 15.8% 38.0

90.4 14.5% 34.7

91.7
14.5% 41.6

102.0 14.9% 39.3

107.5

20% 15%

14.2% 48.1

10% 5% 0%

0.0 2Q11 4Q11 EBITDA 1Q12 2Q12 Net Income 3Q12 3Q12* 4Q12 1Q13 2Q13 ROIC

EBITDA Margin

2Q13/2Q12
2Q13/1Q13

+ 28.6%
+ 13.2%

+ 27.3%
+ 5.4%

+ 22.5%
+ 22.4%

- 40 bps
- 290 bps

+ 60 bps
- 70 bps

* Excluding the negative impact of R$ 9.1 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in the amount of R$ 6.8 million in 3Q12 1Pro forma result, including figures for the Industrial Services business unit 2 ROIC: Return on Invested Capital

Net revenues reached R$ 271.5 million in 2Q13

Per business segment


Heavy Construction 20% Rental 33% Technical Support Services 20% Jahu Residential and Commercial 25%

Per type of service


Sales 10% Others 4%

Rental 66%

Industrial Services 22%

1Pro

forma result, including figures for the Industrial Services business unit

Heavy Construction Financial performance


In R$ million

60.0 54.0% 50.0 50.6% 48.0% 45.5 43.5% 41.9 39.3 36.1 24.1 19.7% 22.8 18.3% 24.3 52.9% 50.2% 45.5 47.3 51.3% 47.5

55.1

60%

46.2%

45.5%

50%

42.7%
40%

New Records

40.0

33.2
30.6 30.0 26.0%

33.2

25.1 17.8%

30%

20.0

14.1 12.1% 8.6 4.5%

19.5 17.5% 14.4 12.0%

18.9 16.6%

21.2 17.8%

20.2
14.8%

18.6%

20%

10.0

10%

2Q11 3Q11 3Q11* Net Revenues 4Q11 1Q12 EBITDA 2Q12 3Q12 3Q12* EBITDA Margin 4Q12 1Q13 ROIC 2Q13

0%

2Q13/2Q12
2Q13/1Q13

+ 31.5%
+ 16.2%

+ 18.2% + 2.9%

- 510 bps
- 580 bps

0 bps - 80 bps

* Excluding the negative impact of R$ 5.8 million of Allowance for Doubtful Debts (ADD) in 3Q11 and the positive impact of the provisions reversal in the amount of R$ 1.5 million in 3Q12
1

ROIC: Return on Invested Capital

Important contracts per stage in the evolution of monthly revenue from the heavy construction projects
(Basis 100= Maximum monthly revenue in the life of construction)

140 120 100 80 60 40 20 -

New contracts*

Contracts with growing volume of equipment


Belo Monte hydroelectric powerplant Oeste Leste railway Monorail line Gold SP Braslia airport Fortaleza airport Natal airport BRT Belo Horizonte BRT Sul DF East beltway - SP

Contracts with high volume of equipment


Colder, Jirau and Teles Pires hydroelectric powerplants Comperj refinery Abreu e Lima refinery Norte-Sul railway Monorail line Silver - SP

Contracts in the demobilization process


Subway line 2 - SP CSN steel plant Paranaenses arena BR-448 Manaus airport

Revenue Index

Companhia Siderrgica do Pecm steel mill Paraguau shipyard

BRT Transcarioca Metropolitan arch RJ Vales mine and railway Viracopos airport Guarulhos airport Porto Maravilha Pantanal arena Beira-Rio stadium Natal stadium Cuiab light rail Cuiab airport Cais das Artes Companhia Siderrgica do Pecm steel mill Minas-Rio ore pipeline North beltway SP Cable-stayed bridge in Laguna Manaus thermoelectric unit

Time

1
New contracts*

Source: Mills

New phases of Belo Monte hydroeletric powerplant New stretches of the Guarulhos airport New stretches of Subway lines 4 and 5 SP SP-055 highway New phase of the transposition of the So Francisco river Duplication of Tamoios and Bandeirantes highways Libras terminal

11 13 15 17 19 21 23 25 27 29 31 33

The construction work related to World Cup and Olympic events represented 31% of the Heavy Construction business segments 2Q13 revenue

Investments in infrastructure for the 2014 World Cup


Total: R$ 23.6 billion

2Q13 Revenue
R$ 55.1 million

In Progress Executed 2.9 7.5

Others 11%
Airports 10.3%

Infrastructure 33%

6.1

World Cup and Olympics 31%

Urban mobility 10.2%

4.2

Stadiums 10.2% Industry 26%


0.7

1.5

0.4 0.3
Ports

Stadiums

Urban mobility

Airports

In July 2013 Source: 4th 2014 World Cup Report, Portal da Transparncia and Mills

10

Jahu Residential and Commercial Financial performance


In R$ million

70.0 60.0 50.0 40.0 30.0 23.9 20.0 10.0 2Q11 3Q11 4Q11 Net Revenues 1Q12 2Q12 EBITDA 13.0% 13.5 16.4 16.3% 12.5% 41.6% 38.8% 39.4 34.7 26.3 15.6% 27.2 45.5% 52.5 58.9 46.1%

55.9% 60.5 60.5 52.5

66.0

64.9

66.5

60%

New Record

50% 48.6% 42.8% 37.0% 39.6% 33.8 29.4 20.2% 16.9% 12.6% 12.8% 9.3% 10% 26.1 27.7 30%

50.1%

40%

24.6
20%

14.8%

0% 3Q12 3Q12* 4Q12 1Q13 ROIC 2Q13

EBITDA Margin

2Q13/2Q12 2Q13/1Q13

+ 12.8% + 2.5%

- 9.5% - 11.4%

- 910 bps - 580 bps

- 550 bps - 350 bps

* Excluding the positive effect of R$ 5.3 million of tax contingency reversal in 3Q12 1 ROIC: Return on Invested Capital

11

Commercial projects contributed 36% of 2Q13 equipment rental revenues


In R$ million

48.5 6% 3%

49.2 11% 2%

49.9 13%

53.3 12% 1%

52.0 12% 2%
Others Industrial Commercial

1%

34% 34% 36% 37% 36%

Residential - others Residential - listed companies

45%
Residential 57 %

36%
Residential 53 % Residential 50%

32% 43%
Residential 50%
Residential 50%

31%

12% 2Q12

17% 7% 3Q12 4Q12

18% 1Q13

19%

2Q13

12

Real estate market continues with a good outlook

Number of shopping centers


504

536

Total launches
in R$ billion

5.7

457 430 408 392 376 363 351

17%
4.1

4.8

2006

2007

2008

2009

2010

2011

2012

2013E

2014E

1Q12

2Q12

2Q13

1 Cyrela,

Direcional,Even, Eztec, Gafisa, Helbor, MRV, Rodobens, Tecnisa and Trisul

Source: Abrasce, operational reports from companies and Mills

13

Rental Financial Performance


In R$ million

100.0
90.0

70% 61.8%
54.1% 47.6% 54.9 45.6 41.2 45.6 30.7 18.6% 34.9 20.3% 38.0 31.4 16.3% 16.3% 16.9% 36.9 19.1% 18.5% 56.5 55.4 49.3 43.6 30% 20% 10% 0% 2Q11 3Q11 3Q11* 4Q11 1Q12 EBITDA 2Q12 3Q12 4Q12 1Q13 ROIC 2Q13 54.8% 56.0% 56.6% 56.5% 74.2 67.4 49.8% 40% 76.1 57.3% 90.1 54.7% 60% 50%

80.0
70.0 60.0 50.0 40.0 30.0 20.0 10.0 -

New Records

17.1% 22.3

21.7 12.9%

25.0 16.0%

Net Revenues

EBITDA Margin

2Q13/2Q12 2Q13/1Q13

+62.6% + 18.5%

+ 57.1% + 13.1%

- 190 bps - 260 bps

+ 220 bps - 60 bps

* Excluding the negative effect of R$ 3.3 million of Allowance for Doubtful Debt (ADD) in 3Q11
1

ROIC: Return on Invested Capital

14

Mills is one of the top 5 access rental companies with largest fleet growth in 2012

Largest fleet growth ranking, in 2012

5th

Fleet size ranking, at the end of 2012

30th
Source: Access International

15

The Brazilian fleet of motorized access equipment grew 19% up to May


Motorized access equipment fleet
In thousands of units

45 40 40

35
30 25 20 15 10
+34.9% +46.2% +32.1% +19.0%

+13.9% p.a.

25

21

16

11

5
0

2009
Source: Mills and Yengst Associates

2010

2011

2012

2013

...

2017E
16

Industrial Services Financial performance


In R$ million

70.0 60.0 50.0 40.0 30.0 3.2% 20.0 10.0 2Q11 3Q11 4Q11 1Q12 EBITDA 2Q12 3Q12 4Q12 1Q13 ROIC 2Q13 8.1 4.1 2.3 -1.2% 6.2 4.7 -6.2% 0.1 57.5 14.2% 14.2% 7.2% 7.5% 4.7% 56.9 50.2 50.9 12.1% 8.5% 59.3 54.8 48.8 13.3% 14.2% 51.5 12.2% 59.8 16.4%

20%

15%

14.3% 10%

8.9%

5%
3.9% 0% 0.2% 8.4 8.5 -5%

6.3

-10%

Net Revenues

EBITDA Margin

2Q13/2Q12 2Q13/1Q13

+ 9.0% + 16.1%

+ 82.5% + 35.7%

+ 580 bps + 210 bps

+ 1250 bps + 750 bps

ROIC: Return On Invested Capital

17

Agenda

Sale of the Industrial Services business unit

2Q13 Results

Growth plan

18

Evolution of the number of branches

+6
49

55

46
43 40
18 17 16 14 7 7 23

Rental

Industrial Services
7

19
4

20
4

Jahu - Residential and Commercial


16 17 16

9
4 5 2007

4 5 6 2008

4 6 6 2009

14

15

Heavy Construction

6 2010

6 2011

6 2012

8 1Q13 Colunas1

8 2Q13

19

We invested R$ 143 million in rental equipment in 1Q13 and 55% of our 2013 revised budget in the year to date
Capex
In R$ million
481

1H13 Capex 2013 (%)

274

Rental

52%

263 Industrial Services


8%

143 143

6 Jahu - Residential and Commercial 112


62%

69 0 45 29 2Q13

0 70 89 50 1H13 2013 Budget Heavy Construction


57%

20

Presentation of 2Q13 Results

Mills Investor Relations Tel.: +55 (21) 2123-3700 E-mail: ri@mills.com.br www.mills.com.br/ri