Microsoft PowerPoint - Conference Call 2T08 - INGL\312S

Microsoft PowerPoint - Conference Call 2T08 - INGL\312S

Helbor Grand Boulevard Jardins
2008
2008 1st
Semester Results
SUMMARY
1. The Market
2. Results
3. Land Bank
4. Sales
5. Financials
6. Indebtedness
7. Outlook
2
2008 1st
Semester Results
THE MARKET
• Commodities price hike and financial sector crisis in the US brings
volatility to capital markets and exposes national economies to different
degrees of instability;
• Economic growth in Brazil combined with increase in purchasing power
created demand pressure. The government reacted by increasing
interest rates to ensure that economic growth is not jeopardized;
• In spite of threat of a crisis, civil construction companies still have
affordable long term credit, high consumer confidence and launches
continue at a consistent strong pace;
• New real estate sales continue and show no indication of a slowing
down of sales speed.
3
2008 1st
Semester Results
RESULTS
• Net Revenues: R$ 148.7 million (+31.61%)
• Gross Profit: R$ 48.9 million (+41.31%)
• Gross Margin: 32.85%
• Net Profit: R$ 15.9 million (+14.21%)
• Net Margin: 10.69%
• EBITDA: R$ 29.3 million (+42.23%)
•EBITDA Margin : 19.72% (+1.46 p.p.)
(data in million reais)
4
2008 1st
Semester Results
Landbank - REGIONS
5
2008 1st
Semester Results
Landbank – REGIONS
South East Countryside and seaboard - SP (1)
50.88%
South East - São Paulo - SP
15.67%
South East - Belo Horizonte - MG
5.30%
North East - Salvador BA
Fortaleza - CE
6.57%
South - Joinville, Itajaí - SC
7.78%
Mid West - Goiânia - GO / Brasília DF / Cuiabá - MT
13.80%
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2008 1st
Semester Results
Landbank - INCOME
7
2008 1st
Semester Results
Landbank - INCOME
Commercial: 10.06%
Upper class: 5.83%
Middle High – 34.43%
Middle Low: 19.85%
Middle: 29.83%
8
2008 1st
Semester Results
Sales per REGION
9
2008 1st
Semester Results
Sales per REGION
(in thousand reais)
122,065
111,077
1S2007
61,447
1S2008
55,850
31,641
14,897
South East - SP
South East - SP
GSP-Seaboard &
Countryside
Mid West Goiânia
5,268
North East Salvador - BA
9
10
2008 1st
Semester Results
GUIDANCE
VGV
Total
Helbor
2007
950.9 million
568.7 million
2008
1.35 bi
1.10 bi
2009
1.86 bi
1.45 bi
VGV % increase
2007
2008
2009
+129%
+110%
+42%
+93%
+38%
+32%
Total
Helbor
(Amounts expressed in reais)
11
2008 1st
Semester Results
FINANCES
• Shareholders Equity: R$ 361.78 million
• Cash: R$ 160.46 million
• Indebtedness: R$ 213.80 million
Net Debt: R$ 53.3 million or a 15% debt-to-equity ratio
12
2008 1st
Semester Results
INDEBTEDNESS
(Data expressed in reais)
13
2008 1st
Semester Results
OUTLOOK
•
Inflation indices show strong fallback while interest hike have had
little if any influence in real estate sales;
•
We are enhancing our gegraphical diversification and have included
the state of Ceará (new state) and increased our presence in
states Helbor is already present;
•
We hace enlarged our projects list with commercial buildings in the
cities of Campinas (SP), São José dos Campos (SP), Santos (SP)
and São Paulo.
•
Inventory sales this first quarter indicte that sales for the remainder of
the year should stay strong.
•
Exclusivity agreement with construction company EBM envisages the
development of joint projects to the amount of R$ 300 million per year.
This partnership has already developed over R$ 600 million in new
14
projects.
2008 1st
Semester Results
[email protected]
www.helbor.com
August 12, 2008