3Q23 Earnings Videoconference
November,1st.2023 | "Market recovery and focus on operational management, resulting in the best |
quarter of the year" | |
DISCLAIMER
This is a supporting document for the earnings videoconference for the third quarter of 2023 of Kepler Weber S/A.
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, market conditions, 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.
Non-accounting data have not been reviewed by the Company's independent auditors.
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Key Highlights | 3Q23 and 9M23
(in millions of Reais)
Net
Revenues
3Q23 405.6 - 21.4%
against 3Q22
9M231,009.9 - 23.1%
against 9M22
EBITDA
88.3 21.8%
EBITDA Margin
- 43.3%
against 3Q22
219.5 21.7%
Ebitda Margin
- 44.7%
against 9M22
Net Income
66.6 16.4%Net Margin
- 42.4%
against 3Q22
151.2 15.0%
Net Margin
- 43.9%
against 9M22
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Business Areas
Farms
Net Operating Revenues
Performance
17% | |||
36% | |||
8% | 1% | ||
3Q23 | R$145.6 | ||
-41.5%
38%
18%
33%R$335.8
6%
(in millions of Reais)
Agribusiness | International | Ports and | Replacement & |
Business | Terminals | Services | |
R$154.2 | R$31.3 | R$3.2 | R$71.3 | 3Q23 |
+3.6% | -33.5% | -76.6% | +24.7% | 3Q23 x 3Q22 |
R$349.5 | R$79.0 | R$63.0 | R$182.6 | 9M23 |
8%
9M23-33.3%
35%
-32.8% | -37.0% | +221.4% | +25.6% 9M23 x 9M22 |
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Grain Storage | Domestic Projects
58.1 thousand t | 29.6 thousand t | 11.8 thousand t |
Balsas (MA) | Cambé (PR) | Campo Novo Parecis (MT) |
Delivered in July 2023 | Delivered in August 2023 | Delivered in September 2023 |
Product: Soy, Corn and Wheat | Product: Soy and Corn | Product: Soy and Corn |
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Grain Storage | International Projects
5 thousand t Peru (Lambayeque)
27.5 thousand t
Paraguay (La Paloma)
Delivered in July 2023 | Delivered in August | 2023 |
Product: Rice | Product: Corn |
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Significant Supplies negotiated in the period
Farms | Agribusiness | International Business | Ports and Terminals | |
(6 proejcts for Medium and Large | (7 projects for Cereal Producers and | (3 projects for Medium and Large | (2 projects for a Cereal Producer) | |
farmers) | Cooperatives) | producers) | ||
Value of the | R$78.4 million | R$118.5 million | R$22.6 million | R$51.0 million |
order R$ | ||||
New projects and expansion of | New projects and expansion of | Expansion of existing projects | Expansion of existing project, | |
existing facilities, with a full | supplying conveyors, digital | |||
existing facilities, with a full | for Storage system | |||
Products | Storage system ( Silos, Dryers, | connection and aeration | ||
Storage system (Silos, Dryers, | ||||
Cleaning Machines, | system. | |||
Cleaning Machines, Conveyors | ||||
Conveyors) | ||||
and Aeration). | ||||
Sector | Grain Storage | Grain Storage | Grain Storage | Ethanol and corn industry |
Soy and Corn | Soy, Corn and Rice | |||
Soy and Corn | ||||
Project | 03/2024 | 05/2024 | 01/2024 | 07/2024 |
delivery* | ||||
R$270.5 million new orders for 18 strategic projects
* Billings to start in October 2023, until the relevant delivery dates. | 7 |
EBITDA | 3Q23 and 9M23
(in millions of Reais)
R$-67.5 million | R$-177.5 million | ||||||||||||||||||||||
(-43.3%) | (-44.7%) | ||||||||||||||||||||||
155.8 | 397.0 | ||||||||||||||||||||||
72.0 | 177.9 | ||||||||||||||||||||||
88.3 | 30.2% | 219.5 | |||||||||||||||||||||
30.2% | 11.5 | 11.8 | |||||||||||||||||||||
4.7 | 9,2 | ||||||||||||||||||||||
of ROL | 21.8% | of ROL | 21.7% | ||||||||||||||||||||
of ROL | of ROL | ||||||||||||||||||||||
3Q22 | GROSS | SG&A | OTHER | 3Q23 | 9M22 | GROSS | SG&A | OTHER | 9M23 |
INCOME | INCOME |
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Investments | CAPEX
Capex Evolution | +70% | 3Q23 Investments focused on modernization and | |||||
(in millions of Reais) | |||||||
53.0 | expansion of production capacity. | ||||||
+20% | |||||||
29.4 | |||||||
24.9 | |||||||
31.1 | |||||||
14.4 | |||||||
11.7 | 12.0 | ||||||
9.1 | |||||||
7.5 | |||||||
1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 9M22 | 9M23 |
Portable robot (vehicle) | Collaborative |
welding robot | |
17%18%14%Increase in Manufacturing Capacity
25%
37% | New Products |
13% | |
17% | 3Q22 | 3Q23 | 18% | 9M22 | 9M23 | IT | |
6% | |||||||
63% | 13% | 62% | Reforms/Legislation - NRs | ||||
68% | |||||||
3% | |||||||
2% | |||||||
25% | 9 |
Cash | 3Q23 Net Cash
Cash
(Gross Balance)
R$320.0
Net Cash
million R$113.0
million
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Disclaimer
Kepler Weber SA published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2023 12:03:50 UTC.