Randon S A Implementos e Participações : Notice to the Market - Earnings Presentation 4Q23
March 13, 2024 at 08:48 am EDT
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Safe Harbor Statement
This presentation contains forward-looking statements that are subject to risks and uncertainties. These statements are based on Management's beliefs and assumptions, as well as on currently available information.
Forward-looking statements include information on our current intentions, beliefs or expectations, as well as those of the
Company's Board of Directors and Board of Executive Officers.
Forward-looking statements are not performance guarantees, they involve risks, uncertainties and assumptions because they refer to future events and, therefore, depend on circumstances which may or may not occur.
Future results may differ materially from those expressed or suggested by forward-looking statements. Many of the factors which will determine these results and figures are beyond our ability to control or predict.
Randoncorp raises R$ 500 million in financing to boost sustainability initiatives
Guidance 2024
Consolidated Net
R$ 11.5 ≤ X ≤ R$
Revenue
12.5 billion
International
US$ 420 ≤ X ≤ US$
Market Revenues¹
480 million
EBITDA Margin
14% ≤ X ≤ US$ 16%
Investments²
R$ 430 ≤ X ≤ R$
490 million
Values referring to the sum of exports from Brazil and revenues generated by operations abroad, net of intercompany operations
² Amounts related to organic investments
Consolidated Net Revenue (R$ billion)
Guidance 2023
10.5
12.0
10.9
2023
Reduction due to seasonality of the period and impacts of currency devaluation
Increased aftermarket sales across all industry verticals
Effects of ERP Upgrade and mandatory vacations
Negative impacts of the high devaluation of the Argentine Peso
International Market Revenues (US$ mi)
Guidance 2023
520 570
466.7
2023
Lowest level of revenues for the year, especially due to Argentina's economic scenario
Increase in sales to the U.S. compared to 2022
Addition of revenues from recently acquired companies
Strong retraction of the Chilean trailer market
Decrease in revenues of subsidiaries in Argentina due to currency impact
EBITDA Margin(%)
13 16
Guidance 2023
11.2
13.7
16.0
16.6
4Q23
3Q23
2Q23
1Q23
14.4
2023
The highest nominal EBITDA in the Company's history
Margin recovery in the OEM Vertical
Raw material costs remained stable
Negative impact by Argentine scenario
One-offsbenefited the indicator in the period
Organic Investments (R$ million)
340 370
60.7 63.4 62.9
1Q23
2Q23
3Q23
160.2
4Q23
Guidance 2023
347.2
2023
Important investments to build the Company's future
OEM Vertical continued to invest in improvements at Hercules and expansion of the line of modular trailers
Constructions at Castertech Mogi Guaçu in the final phase, to start operations in 1H24
Industrial automation and Green Boiler project with ESG benefits
Net Indebtedness
(Without Randon Bank)
R$ Million
*Net Debt/EBITDA
1.08 x
1.35 x
1.03 x
1.68 x
1.53 x
3,305
2,616
3,034
2,360
2,325
-1,594
-2,429
-2,121
-1,585
-2,539
-4,899
-4,899
-4,755
-4,737
-4,619
Dec, 2022
Mar, 2023
Jun, 2023
Sep, 2023
Dec, 2023
Loans
Cash
Consolidated Net Debt (without Randon Bank)
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Randon SA Implementos e Participações published this content on
13 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
13 March 2024 12:47:02 UTC.
Randon SA Implementos e Participacoes, formerly Randon Participacoes SA, is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The Company's activities are divided into three business segments: Railway wagons and vehicles, which focuses on the production and distribution of various wagon types, such as hopper, gondola, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers; Automotive parts, which is responsible for the manufacture and marketing of automobile components for suspension, brake and transmission system, among others, and Services, which provides services related to the administration of consortium groups for the purchase of durable goods, as well as financing services for the Company's customers. It operates a distribution network in Latin America and Africa. The Company is a subsidiary of Dramd Partiicipacoes e Administracao Ltda.