Mills' 1Q12 Result: Ebitda Financial Indicators Per Division

Mills' 1Q12 Result
Menu
Main Indicators
Revenue
COGS G&A
EBITDA
Financial Indicators per Division
Income Statement
Balance Sheet
Cash flow
Capex per division
Menu
Mills - Main financial figures
in R$ millions
Net revenue
EBITDA
EBITDA margin (%)
Net earnings
1Q11
(A)
145.0
4Q11
(B)
193.5
1Q12
(C)
(C)/(B)
%
(C)/(A)
%
199.1
2.9%
37.3%
52.8
76.4
86.2
12.8%
63.2%
36.4%
39.5%
43.3%
9.7%
18.8%
22.2
29.5
32.7
10.6%
47.2%
ROIC (%)
13.8%
14.2%
15.1%
5.8%
9.6%
Capex
184.6
114.4
58.4
-49.0%
-68.4%
Menu
Mills - Net revenue per type
in R$ millions
1Q11
(A)
4Q11
(B)
1Q12
(C)
(C)/(B)
%
(C)/(A)
%
Rental
96.8
132.4
137.9
4.1%
42.5%
Technical support services
37.6
37.6
42.3
12.4%
12.4%
Sales
5.6
19.2
13.0
-32.3%
131.4%
Others
5.0
4.3
6.0
39.7%
20.7%
145.0
193.5
199.1
2.9%
37.3%
Total net revenue
Mills - Net revenue per division

in R$ millions
Heavy Construction
1Q11
4Q11
1Q12
22.0%
36.1
18.6%
39.3
19.7%
Jahu - Residential and Commercial Construction

29.2
20.1%
52.5
27.1%
52.5
26.4%
Industrial Services
34.6%
50.2
25.9%
50.9
25.5%
Rental
Total net revenue
31.8
50.2
33.7
145.0
23.3%
100.0%
54.9
193.5
28.3%
100.0%
56.5
199.1
28.4%
100.0%
Menu
Mills - Cost of goods and services sold (COGS) and the general, administrative and operating expenses (G&A)
in R$ millions
Costs of job execution
1Q11
4Q11
1Q12
45.9
49.8%
53.3
45.5%
48.6
43.0%
Costs of sale of equipment
3.5
3.8%
11.8
10.1%
6.2
5.5%
Costs of asset write-offs
1.2
1.4%
1.4
1.2%
1.2
1.1%
Equipment storage
5.4
5.8%
7.1
7.8%
7.6
6.7%
COGS, ex-depreciation
56.0
60.8%
73.7
63.0%
63.6
56.4%
G&A
36.1
Total COGS, ex-depreciation + G&A
92.1
39.2%
100.0%
43.4
117.1
37.0%
100.0%
49.3
112.9
43.6%
100.0%
Menu
Mills - EBITDA per division
in R$ millions
Heavy Construction
1Q11
15.6
Rental
Total EBITDA
EBITDA margin (%)
4Q11
1Q12
29.4%
19.5
25.5%
18.9
21.9%
23.2%
23.9
31.2%
26.3
30.5%
6.1
11.6%
2.3
3.1%
6.2
7.2%
18.9
35.8%
30.7
40.2%
34.9
40.4%
52.8
100.0%
76.4
100.0%
86.2
100.0%
12.3
Industrial Services
36.4%
39.5%
43.3%
Menu
Mills - Capex per division
Realized
1Q11
4Q11
in R$ millions
Heavy Construction
Industrial Services
Budget
1Q12
2012
(A)/(B)
(A)
(B)
8.4
16.9
9.0
22.0
41%
37.0
56.6
15.4
28.0
55%
2.2
4.1
3.2
7.0
46%
Rental
42.4
33.4
26.0
53.0
49%
Corporate
94.7
3.4
4.8
17.0
28%
Organic growth
94.6
114.4
58.4
127.0
46%
Acquisition
90.0
Total Capex
184.6
114.4
58.4
127.0
46%
Menu
Heavy Construction Division - financial indicators
in R$ millions
1Q11
4Q11
1Q12
(C)/(B)
(C)/(A)
(A)
(B)
(C)
Net revenue
Rental
25.0
32.5
33.1
1.7%
32.2%
6.8
3.5
6.3
76.9%
-8.4%
Total net revenue
31.8
36.1
39.3
9.0%
23.5%
EBITDA
15.6
19.5
18.9
-3.1%
21.3%
EBITDA margin (%)
48.9%
54.0%
48.0%
ROIC (%)
14.4%
17.5%
16.6%
-46.5%
8.1%
Technical support services, sales and others
Capex
Invested capital
Depreciation
8.4
16.9
9.0
203.9
222.0
226.1
1.9%
10.9%
5.1
5.6
5.5
-1.5%
7.7%
Jahu - Residential and Commercial Construction Division - financial indicators
in R$ millions
1Q11
4Q11
1Q12
(C)/(B)
(C)/(A)
(A)
(B)
(C)
Net revenue
Rental
26.0
40.3
45.3
12.2%
74.0%
3.2
12.1
7.2
-40.3%
125.2%
Total net revenue
29.2
52.5
52.5
0.0%
79.6%
EBITDA
12.3
23.9
26.3
10.2%
114.5%
EBITDA margin (%)
42.0%
45.5%
50.1%
ROIC (%)
15.2%
16.3%
15.6%
37.0
56.6
15.4
-72.8%
-58.4%
175.4
310.8
345.4
11.1%
96.9%
2.7
5.8
7.1
21.9%
159.3%
Capex
Invested capital
Depreciation
Industrial Services Division - financial indicators
in R$ millions
1Q11
4Q11
1Q12
(C)/(B)
(C)/(A)
(A)
(B)
(C)
Net revenue
Maintenance
37.9
39.5
35.0
-11.4%
-7.6%
New plants
12.3
10.7
15.9
48.6%
28.7%
50.2
50.2
50.9
1.4%
1.3%
6.1
2.3
6.2
163.4%
0.9%
-21.3%
43.8%
Total net revenue

EBITDA
EBITDA margin (%)
ROIC (%)
Capex
12.2%
4.7%
12.1%
9.6%
-1.2%
7.5%
2.2
4.1
3.2
Invested capital
Depreciation
108.4
133.3
127.4
-4.4%
17.5%
2.4
2.9
2.8
-5.8%
15.4%
Rental Division - financial indicators
in R$ millions
1Q11
4Q11
1Q12
(C)/(B)
(C)/(A)
(A)
(B)
(C)
Net revenue
Rental
Total net revenue
EBITDA
30.8
47.2
50.5
7.1%
64.0%
2.9
7.7
6.0
-22.6%
102.9%
33.7
54.9
56.5
2.9%
67.4%
13.5%
84.6%
18.9
30.7
34.9
EBITDA margin (%)
56.0%
56.0%
61.8%
ROIC (%)
17.3%
18.6%
20.3%
Capex
Invested capital
Depreciation
42.4
33.4
26.0
-22.1%
-38.7%
212.4
334.8
353.2
5.5%
66.3%
5.8
8.5
9.3
10.4%
60.8%
Menu
Mills - Income Statement
in R$ millions
1Q11
4Q11
1Q12
Net revenue from sales and services
145.0
193.5
199.1
Cost of products sold and services rendered
(71.3)
(95.6)
(87.4)
73.7
97.9
111.8
(36.8)
(44.2)
(50.2)
Operating profit
36.8
53.7
61.6
Financial expense
(5.1)
(12.5)
(12.6)
Financial income
2.1
2.7
1.4
Financial result
(3.1)
(9.9)
(11.3)
Profit before taxation
33.8
43.8
50.3
(11.6)
(14.3)
(17.6)
22.2
29.5
32.7
125,495
125,657
125,690
0.18
0.24
0.26
Gross profit
General and administrative expenses
Income tax and social contribution expenses

Net income
Number of shares at the end of the period (in thousands)
Net income per shares at the end of the period (R$)
Menu
Mills - Balance Sheet
in R$ millions
1Q11
4Q11
1Q12
Assets
Current Assets
Cash and cash equivalents
4.3
Marketable securities
Trade receivables
122.6
139.1
140.1
6.7
11.2
15.1
19.0
22.1
22.8
9.1
11.5
3.8
Recoverable taxes
Advances to suppliers
Other current assets
Total Current Assets
30.3
Inventories
Derivative financial instruments
35.2
11.0
3.6
3.0
4.2
176.5
224.9
216.3
Non-Current Assets
Trade receivables
3.4
2.6
2.4
Recoverable taxes
3.9
31.6
30.9
Deferred taxes
8.4
16.1
17.8
Deposits in court
Investment
Property, plant and equipment
Intangible assets
7.3
10.9
11.0
23.1
61.2
62.2
90.0
87.4
87.4
621.2
872.9
897.2
41.8
45.5
47.2
753.0
1,005.8
1,031.7
Total Non-Current Assets
776.0
1,067.0
1,093.9
Total Assets
952.5
1,291.8
1,310.2
4Q11
1Q12
in R$ millions
1Q11
Liabilities
Current Liabilities
Suppliers
24.3
35.9
19.8
Borrowings and financings
78.2
65.3
64.1
6.1
13.8
26.9
25.0
26.3
Income tax and social contribution
3.3
2.7
5.3
Tax refinancing program (REFIS)
0.9
0.4
0.1
Taxes payable
3.4
8.1
8.1
Debentures
Salaries and payroll charges
Profit sharing payable

Dividends payable
Derivative financial instruments
Other current liabilities
Total Current Liabilities
1.4
7.9
3.6
24.5
21.9
21.9
0.1
12.0
4.4
5.2
175.0
177.7
168.2
Non-Current Liabilities
Borrowings and financings
Debentures
Provision for tax, civil and labor risks
Deferred taxes
78.7
11.3
68.2
268.4
268.5
16.1
14.7
11.2
11.0
10.5
10.5
10.7
0.8
0.6
0.5
Total Non-Current Liabilities
101.3
378.0
373.7
Total Liabilities
276.3
555.7
542.0
Capital
525.1
527.6
528.0
Earnings reserves
144.8
212.0
211.7

Other non-current liabilities
71.1
Stockholders' Equity
Capital reserves
(7.7)
(5.6)
(4.7)
Valuation adjustments to equity
(8.6)
2.1
0.2
Retained earnings
22.6
33.0
Total Stockholders' Equity
676.2
736.1
768.2
Total Liabilities and Stockholders' Equity
952.5
1,291.8
1,310.2
Menu
Mills - Cash flow
in R$ millions
1Q11
4Q11
1Q12
Cash flow from operating activities

Net income before taxation
33.8
43.8
50.3
Adjustments
Depreciation and amortization
16.0
22.8
24.7
Provision for tax, civil and labor risks
0.2
0.2
1.0
Expense on stock options
0.4
0.9
0.9
Profit sharing payable
1.4
3.2
3.6
Gain on sale of fixed and intangible assets
(2.9)
(4.3)
(7.4)
Marketable securities income
(1.6)
Interest, monetary and exchange rate variation on loans, contingencies and deposits in court
4.3
Allowance for doubtful debts
0.5
(0.3)
6.4
18.3
33.2
40.8
Trade receivables
(0.7)
(11.8)
(7.2)
Inventories
(1.1)
0.6
(3.9)
Recoverable taxes
4.2
4.2
3.4
Deposits in court
0.0
0.1
(0.1)
Other assets
(0.7)
(3.7)
9.3
Suppliers
(8.4)
6.0
(1.5)
9.9
11.5
0.9
0.0
Changes in assets and liabilities
Salaries and payroll charges
5.6
(8.3)
1.3
Taxes payable
(1.0)
(5.3)
(0.0)
Other liabilities
5.1
(0.5)
(1.0)
3.0
(18.5)
0.3
91.4
Cash from operations
55.0
58.5
Interest paid
(4.3)
(22.2)
(2.5)
Income tax and social contribution paid
(2.2)
(2.7)
(15.1)
Profit sharing paid
(17.5)
Lawsuits settled
Net cash provided by operating activities
(7.9)
(2.6)
31.1
33.6
63.3
Cash flow from investment activities

Marketable securities
126.7
Acquisitions of investments
(90.0)
0.6
Acquisitions of fixed and intangible assets
(94.6)
Revenue from sale of non current and intangible assets

Cash used in investing activities
(102.1)
(73.0)
4.2
6.6
9.7
(53.8)
(94.9)
(63.3)
Cash flow from financing activities

Capital subscription
0.8
0.4
Shares in treasury
Costs of issues of shares
Dividends and interest on capital invested paid
(3.6)
3.6
Amortization of borrowings
(6.3)
(8.0)
(8.7)
New borrowings / debentures
30.7
27.8
3.4
Net cash provided by (used in) financing activities
20.8
24.2
(4.9)
Increase in cash and cash equivalents
(1.9)
(37.1)
(4.9)
Cash and cash equivalents at the beginning of the period
6.2
72.2
35.2
Cash and cash equivalents at the end of the period
4.3
35.2
30.3

Mills' 1Q12 Result: Ebitda Financial Indicators Per Division

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Mills' 1Q12 Result: Ebitda Financial Indicators Per Division

Uploaded by

Copyright:

Available Formats

Mills' 1Q12 Result

Technical support services

Total net revenue

Mills - Net revenue per division

Jahu - Residential and Commercial Construction

Costs of job execution

Costs of sale of equipment

Costs of asset write-offs

Total COGS, ex-depreciation + G&A

Total net revenue

EBITDA margin (%)

Technical support services, sales and others

Jahu - Residential and Commercial Construction Division - financial indicators

Total net revenue

EBITDA margin (%)

Technical support services, sales and others

Industrial Services Division - financial indicators

Total net revenue

Rental Division - financial indicators

EBITDA margin (%)

Net revenue from sales and services

Cost of products sold and services rendered

Profit before taxation

Income tax and social contribution expenses

Derivative financial instruments

Total Non-Current Assets

Borrowings and financings

Income tax and social contribution

Tax refinancing program (REFIS)

Profit sharing payable

Total Non-Current Liabilities

Tax refinancing program (REFIS)

Valuation adjustments to equity

Total Stockholders' Equity

Total Liabilities and Stockholders' Equity

Cash flow from operating activities

Provision for tax, civil and labor risks

Expense on stock options

Profit sharing payable

Gain on sale of fixed and intangible assets

Marketable securities income

Tax refinancing program (REFIS)

Allowance for doubtful debts

Changes in assets and liabilities

Salaries and payroll charges

Cash from operations

Income tax and social contribution paid

Profit sharing paid

Cash flow from investment activities

Acquisitions of fixed and intangible assets

Revenue from sale of non current and intangible assets

Cash flow from financing activities

Costs of issues of shares

Dividends and interest on capital invested paid

New borrowings / debentures

Net cash provided by (used in) financing activities

Increase in cash and cash equivalents

Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period

You might also like