Capital Market / Corporate Governance01. What are the Duratex share tickers and in which Stock Exchange are they traded?
Duratex shares are traded at the São Paulo Stock Exchange (BOVESPA) since 1951. The ticker for the common share is DTEX3.
On April 29, 2011, concomitant with the rise of the capital, were issued 91,672,555 new registered shares without par value, and allocated free of charge to shareholders as a bonus in the ratio of 2 (two) new shares for each lot of ten (10) ordinary shares that shareholders had at the end of April 29, 2011.
On April 22, 2013, we did a stock dividend in the proportion of 1 (one) new share for each ten (10) ordinary shares that shareholders had at the end of April 22, 2013.
On April 23, 2014, we did a stock dividend in the proportion of 1 (one) new share for each ten (10) ordinary shares that shareholders had at the end of April 22, 2014.
As a result of the subsidy Capital Duratex is represented by a total 665.565.438, all of them is ordinary.
In 2009 Duratex joined the BM&Fbovespa differentiated level of Corporate Governance known as Novo Mercado.
Yes, the shares has 100% Tag-along rights.
The results are published in a quarterly basis, and reflect the achievements of the first, second, third and fourth quarters. As soon as they are published, the results are then posted on its web site, in the Financial Information section. The calendar of corporate events brings a schedule of publishing dates and the respective conference call dates.
The Company’s by-laws grant stockholders a minimum mandatory dividend of 30% of adjusted net income.
Company Operations08. What are the main business segments of Duratex and its main markets?
Duratex has two very distinct Divisions – the Wood Division and the Deca Division. The Wood Division manufactures reconstituted wooden boards (hardboard, MDP, MDF/HDF/SDF and laminated flooring), mainly for the furniture industry. The main brands of the Wood Division are Duratex, Duratree, Duraplac, MaDeFibra and Durafloor. The Deca Division manufactures sanitary metal fittings and vitreous chinaware, as well as related accessories, under the Deca and Hydra brands.
Currently, Duratex leads the Brazilian reconstituted wooden panels market, and is one of the main exporters of hardboard. Deca leads the sanitary metal fittings market, and has significant share in the sanitary vitreous chinaware market, especially in the medium and high-end segments.
Company has offices in the United States and Europe, through its subsidiaries Duratex North America and Duratex Europe NV, responsible for performing trade and intermediary sales activities.
In 2013 the Company acquired an additional 43.62% stake in Tablemac, a leading manufacturer of wood panels in Colombia through the Tender Offer (OPA). With this, Duratex's participation in that company reached 80.62%.
What are the major investments and accomplishments?
Duratex is continually investing in its expansion and improvement, according to the strategic plan set by its managemant. Thus, the Company, confident in the growth of the Brazilian economy, held in the last five years, investments of R$ 2.9 billion, of which R $ 601.5 million in 2013.
In 2013, in the Wood Division, Duratex has completed a new plant for the manufacture of MDF panels in Itapetininga unit, in the state of São Paulo, and it finished works of debottlenecking production of MDP in the city of Taquari (RS).
In the Deca Division, investments were made to increase production capacity at the Jundiaí (SP) and Queimados (RJ).
The Company expects that all these projects reach their peak in the second half of 2016, bringing direct benefits to business profitability.
The consolidated gross debt at the end of December 2013 totaled R$ 2,450.8 million, equivalent to a net debt of R$ 1,454.0 million, which represents a nominal increase of 6.2% compared to the debt in2012 and derives from investments and acquisitions in the period. This level of net debt to EBITDA (the past 12 months) equals 1.and it represents 33.3% of equity at the end of December, which is considered low.