2010: A YEAR OF DIVERSIFICATION AND GROWTH
Highlights and main events of the year
- Acquisition of Tégula Soluções para Telhados Ltda, the market leader in the concrete tile segment;
- The Eternit Group becomes the largest and most diversified industrial company in the roofing sector in Brazil;
- Award received for Best Corporate Governance Program in Latin America, from IRGR (Investor
Relations Global Rankings) the second year running; - Adoption of electronic platform - Web Meeting - the holding of Annual General Meetings and Extraordinary General Meetings online;
- Launch of American Depositary Receipts - ADR Level 1 on the US Over-The-Counter Market;
- Honourable mention for “Best Investor Relations for Individual Investors” by IR Magazine Awards Brazil;
- Sambaíba Project won first prize in the 8th edition of the Brazilian Environmental Benchmarking Program 2010, 1 of the most respected attestations of sustainability in Brazil;
- The Sambaíba Project received the prize for the Best Work in Residue in 2010 at the 5th edition of the Brazilian Environmental Awards, hosted by Jornal do Brasil and Casa Brasil in Rio de Janeiro;
- SAMA was elected once again as one of the best companies to work for, as published in the magazines: Época, Exame and Valor Carreira;
- Launch of new products, with a focus on diversification;
- Inauguration of a new fibre cement production line in Simões Filho (BA);
- ABRASCA (Brazilian Association of Listed Companies) awarded Eternit the prize for Best Annual Report, Category 2 - for companies with Annual Net Sales of below R$ 1 billion;
- Participation by SAMA at the United Nations Organisation's Leaders Summit to discuss questions of sustainability;
- Award for best evolution in corporate governance, from the IBGC (Brazilian Corporate Governance Institute);
- Eternit's analyst meeting was elected, for the second year running, as among the best 10 public meetings, by APIMEC (Association of Capital Market Analysts and Investment Professionals) São Paulo;
- The Company ended the year operating at full capacity in its chrysotile ore mining business, and at over 90% in the fibre cement division;
- Eternit exceeds 14,000 sales outlets;
- Record sales in 2010: 300-6000 tons of chrysotile ore, 827,000 tons of fibre cement and 4.8 million m² of concrete tiles;
- Company's gross sales reach R$ 1 billion, reaching target one year ahead of schedule;
- Eternit increases its share of the Brazilian fibre cement market by 1 p.p. and ends the year with a market share of 31%;
- Start of construction of a production line for synthetic marble;
- Acquisition of land for the installation of a new multi-product factory in Ceará;
- Net earnings increase by 39.7%, reaching R$ 102 million in 2010, and
- 2010, the best year in the history of Eternit.
| Eternit S.A. | 2010 | 10/09 (%) | 2009 | 2008 | 09/08 (%) | 2007 | 08/07 (%) | 2006 | 07/06 (%) | |||||||||
| Economics/Financial | ||||||||||||||||||
| Gross Revenue (R$ '000) | 991,302 | 33.3% | 743,393 | 705,922 | 5.3% | 503,436 | 40.2% | 444,856 | 13.2% | |||||||||
| Net Revenue (R$ '000) | 758,745 | 30.1% | 583,268 | 546,986 | 6.6% | 401,304 | 36.3% | 354,681 | 13.1% | |||||||||
| EBITDA (R$ '000) | 144,353 | 16.9% | 123,498 | 133,369 | -7.4% | 73,824 | 80.7% | 71,888 | 2.7% | |||||||||
| EBITDA margin (%) | 19 | -2 p.p. | 21 | 24 | -3 p.p. | 18 | 6 p.p. | 20 | -2 p.p. | |||||||||
| Net Margin (R$ '000) | 102,085 | 39.6% | 73,119 | 81,133 | -9.9% | 51,921 | 56.3% | 51,640 | 0.5% | |||||||||
| Net Margin (%) | 13 | 0 p.p. | 13 | 15 | -2 p.p. | 13 | 2 p.p. | 15 | -2 p.p. | |||||||||
| Total Assets (R$ '000) | 661,078 | 15.6% | 571,842 | 436,396 | 31.0% | 392,127 | 11.3% | 365,409 | 7.3% | |||||||||
| Net Equity (R$ '000) | 412,489 | 5.5% | 390,803 | 265,705 | 47.1% | 250,408 | 6.1% | 239,819 | 4.4% | |||||||||
| Investments (R$ '000) | 92,844 | 222.7% | 28,770 | 64,816 | -55.6% | 31,816 | 103.7% | 13,430 | 136.9% | |||||||||
| Acquisition (R$'00) | 34,303 | |||||||||||||||||
| New Businesses (R$ '000) | 9,289 | 12.2% | 8,278 | 3,724 | ||||||||||||||
| Expansion (R$ '000) | 24,762 | 31,000 | 100.0% | 7,000 | 342.9% | |||||||||||||
| Maintenance (R$ '000) | 24,490 | 19.5% | 20,492 | 30,092 | -31.9% | 24,816 | 21.3% | 13,430 | 84.8% | |||||||||
| Shares | ||||||||||||||||||
| Market Value (R$ '000) | 1,074,000 | 38.9% | 773,280 | 368,234 | 110.0% | 515,147 | -28.5% | 467,468 | 10.2% | |||||||||
| Average Share Price (R$) | 12.00 | 38.9% | 8.64 | 5.11 | 69.1% | 7.10 | -28.0% | 6.44 | 10.2% | |||||||||
| Average Daily Volume | 968 | -12.6% | 1,108 | 2,900 | -61.8% | 3,698 | -21.6% | 1,297 | 185.1% | |||||||||
| Dividend per Share (R$) | 0.80 | 10.7% | 0.72 | 0.91 | -20.3% | 0.55 | 64.9% | 0.84 | -34.5% | |||||||||
| Free Float (%) | 79 | -4 p.p. | 83 | 85 | -2 p.p. | 94 | -8 p.p. | 95 | 8 p.p. | |||||||||
| Market | ||||||||||||||||||
| Sales of Finished Products ('000 tons) | 827 | 13.1% | 731 | 725 | 0.8% | 620 | 16.9% | 578 | 7.3% | |||||||||
| Sales of Chrysotile Asbestos ('000) | 306 | 5.2% | 291 | 304 | -4.3% | 273 | 11.4% | 221 | 23.5% | |||||||||
| Domestic Market (%) | 53 | 5 p.p. | 48 | 41 | 7 p.p. | 37 | 4 p.p. | 41 | -4 p.p. | |||||||||
| Export Market (%) | 47 | -5 p.p. | 52 | 59 | -7 p.p. | 63 | -4 p.p. | 59 | 4 p.p. | |||||||||
| Workforce | ||||||||||||||||||
| Employees (nº) | 2,416 | 44.5% | 1,672 | 1,663 | 0.5% | 1,456 | 14.2% | 1,433 | 1.6% | |||||||||
| Joining the Company during the Period (nº) | 1,157 | 386.1% | 238 | 452 | -47.3% | 339 | 33.3% | 225 | 50.7% | |||||||||
| Leaving the Company during the Period (nº) | 413 | 80.3% | 229 | 260 | -11.9% | 316 | -17.7% | 198 | 59.6% | |||||||||
| Mining Productivity - Kg/HHT | 219 | -14.6% | 256 | 252 | 1.5% | 241 | 4.7% | 205 | 17.2% | |||||||||
| Productivity of Finished Products - Kg/HHT | 428 | 9.2% | 392 | 419 | -6.4% | 402 | 4.2% | 374 | 7.5% | |||||||||
| Environmental - Ibase | ||||||||||||||||||
| Investment in the Environment (R$ '000) | 6,744 | 69.1% | 3,989 | 3,414 | 16.8% | 3,497 | -2.4% | 1,645 | 112.6% | |||||||||
| Social - Ibase | ||||||||||||||||||
| Internal Social Investments (R$ '000) | 76,472 | 30.6% | 58,554 | 48,728 | 20.2% | 42,364 | 15.0% | 39,726 | 6.6% | |||||||||
| Total Contributions to Society (R$ '000) | 2,854 | 89.4% | 1,507 | 1,138 | 32.4% | 1,081 | 5.3% | 362 | 198.6% | |||||||||
| The financial information shown is in compliance with IFRS standards since 2006. | ||||||||||||||||||