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TAURUS 2017
| Date post: | 28-Jan-2018 |
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Investor Relations |
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TAURUS 2017
GROUP
INSTITUTIONAL
Brazilian
Company with
Metal Injection
Molding
technology
National leader in
sales of motorcycle
helmets
The biggest
revolver
manufacturer in
the world
Fourth biggest
pistol
manufacturer in
the world
PATENTS & AWARDS
16 NATIONAL Patents
30 INTERNATIONAL Patents
International Awards for the high quality
Seven times winner of“Handgun of the year”, the
most important award ofguns industry in the USA
STRATEGIC DEFENSE COMPANY
TIMELINE
19451939 1981
Companhia
Brasileira de
Cartuchos
(CBC) became
controlling
shareholder
2015
20 million guns
sold
2016
Pistols
Start of
production
Beretta Brazil
Acquisition
1980
Foundation
Small tool shop in
the south of Brazil
Revolvers
Start of
production
32 SWL
38SPL
Taurus
International USA
opening
NEW PLANT & PRODUCTION MODEL
NEW PLANT IN SÃO LEOPOLDO
NEW PRODUCTION MODEL
High
technology
embedded in
the process
(RFID)
Suitability in the
supply chain
Interchangeability of
parts to meet market
demand
Immediate post
sale and
customer service
results
Assembly Line
LeanManufacturing
Concept
SAP
Traceability and
quality management
Better
management controls
Greater
integrations among
departments
Synergy
gains
Based on
processes
Assembly Line
QUALITY
Standard Guarantee
Focus on
total qualityMaterial
efficiency gains
Significant
loss reduction
Productivity
gains
Continuous
improvement
processes
NEW PLANT IN SÃO LEOPOLDO
NEW PLANT IN SÃO LEOPOLDO
NEW PLANT IN SÃO LEOPOLDO
NEW PLANT IN SÃO LEOPOLDO
RESPECT TO THE ENVIRONMENT
New waste
facilityNew effluent
treatment system
Compliance
with
environment
regulations
Management Benchmark
CORPORATE GOVERNANCE
CORPORATE GOVERNANCE
CORPORATE
GOVERNANCE
LEVEL 2
PERMANENT
FISCAL
COUNCIL
60%
INDEPENDENT
BOARD MEMBERS
VOTING RIGHTS TO
PREFERRED SHARES(In Relevant Topics)
100%
TAG ALONG
NEW
COMPLIANCE PROGRAM
BOARD OF DIRECTORS
CEO*Marco Aurélio Salvany
CFO & IRO*Thiago Piovesan
CHIEF OF SALES MARKETING*Salésio Nuhs
INTEGRATED
ENGINEERINGDIRECTOR Cristiano
Macedo
MARKETING
DIRECTOREduardo Minghelli
CEO – TAURUS HOLDINGS INC.Anthony Acitelli
PURCHASING DIRECTORRicardo
Machado
PRODUCTDIRECTOR
Luiz Antônio M. de Freitas Horta
*Statutory Board
OPERATIONS DIRECTOR
Sérgio Hartman
CAPITAL INCREASE - 2016 e 2017• Exercise of 7,135,000 subscription bonus ON, approved in 01/06/2016
Capital increase of R$ 11.7 million;
Issuance of 7,135,000 new common shares;
• Exercise of (i) 10,060,829 subscription bonus ON and (ii) 634,489 subscription bonus PN,
approved in 06/02/2016
Capital increase of R$ 17.5 million;
Issuance of 10,060,829 new common shares and 634,489 new preferred shares;
• Exercise of (i) 1,802,855 subscription bonus ON and (ii) 4,606,788 subscription bonus PN,
approved in 01/31/2017
Capital increase of R$ 10.5 million;
Issuance of 1,802,855 new common shares and 4.606.788 new preferred shares;
SHARES REALIZED CAPITAL MARKET CAP*
COMMON 46,445,314 R$ 89,6 million
PREFERRED 18,242,898 R$ 35,6 million
TOTAL 64,688,212 R$ 125,2 million
*Closing quotes on 05/17/2017
SHAREHOLDERS
SHARE
TOTAL ON PN
CBC PARTICIPAÇÕES S.A. 66.93% 91.90% 3.37%
MARCOS BODIN DE SAINT ANGE COMNENE 7.98% 0.02% 28.23%
ANTONIO MARCOS MORAES BARROS 6.92% 0.29% 23.79%
ESTIMAPAR 2.25% 3.13% 0.00%
PREVI 1.86% 1.23% 3.47%
ZENITH ASSET MANAGEMENT 1.16% 0.00% 4.11%
OTHRES 12.90% 3.43% 37.03%
PRODUCTS LINE
Tactical WeaponsRevolvers Pistols
Long Guns
PRODUCTS LINE
PRODUCTS - REVOLVERS
CALIBERS
.22 LR
.38 SPL
.357 MAG
.410 GA
.44 MAG
454 CASULL
.500 MAG
PRODUCTS - PISTOLSMillennium Series 800 SeriesSlim Series
Metallic Series
9mm.40 S&W
9mm.40 S&W
1911
.45 ACP9mm
.40 S&W
.380 ACP
9mm
.40 S&W
.380 ACP
SMT/CTT
CT
9mm.40 S&W
9mm.40 S&W
PRODUCTS – TACTICAL WEAPONS
PRODUCTS – LONG GUNS
PUMA
.38 SPL
.357 MAG
.44 MAG454 CASULL
CIRCUIT
JUDGE
36 GA
RIO
GRANDE
30-30 WIN.410 GA45-70 GOV
EXPANSION STRATEGY
HAMMER SERIESPISTOLS
STRIKER SERIESPISTOLS
RIFLE T4
HAMMER AMBIDEXTROUS EXTERNAL SAFETY KEYS
STRIKER AMBIDEXTROUS NO EXTERNAL SAFETY KEYS
EASY HANDLING LARGE ACCESS PLATFORM
REGIONS
EUA
BRAZIL
OTHER COUNTRIES
ALL SEGMENTS COVERED
LAW ENFORCEMENT
PRIVATE SECURITY
CIVIL MARKET
COLLECTORS
SPORTING SHOOTERS
LAUNCHING 2017 - BRAZIL
2017
HAMMER
STRIKER
RIFLEPISTOLS
T4
PISTOLSHAMMER STRIKER
T 380 H
T 380 HcT9 H
T9 Hc
T40 H
T40 HcT 380 S
T 380 ScT9 S
T9 Sc
T40 S
T40 Sc
12 NEW PISTOLS
LAUNCHING 2017 - BRAZIL
11,5” 14,5”
RIFLE – T4
LAUNCHING 2017 - BRAZIL
• Bringing industrial design to the emerging target consumer;
• Innovate within the concealed carry experience;
• Re-define the user interface while addressing all aspect of comfort;
• Create user appeal through exploring colors and textures;
• 380 auto (2017); 9mm (2018) & 22lr (2019).
TAURUS SPECTRUM
LAUNCHING 2017 - EUA
FINANCIAL PERFORMANCE
KEY EVENTS - 2016
• Start of São Leopoldo operation;
• SAP implementation;
• High investments combined with cash restrictions;
• Limited production mix at the 1S16: lower margins pistols;
• Limited market mix at the 1S16: US concentration;
• Non-ordinary effects:
Carter Case: R$ 10.3 million;
Infrastructure & environment investments: R$ 10.0 million
Assets write-offs & adjustments: R$ 8.1 million;
Obsolete inventories write-off: R$ 10.0 million;
Famastil goodwill investment write-off: R$ 4.9 million;
Brand attacks: R$ 3.0 million;
Product guarantee: R$ 5.0 million;
430,0
684.3 707.3
124.5
110.5 100.5
37.1
29,0 22.5
2014 2015 2016
Firearms Helmets Others
65.0 42.4 37.1
279.1
547.8 581.6
247.5
233.6 211.6
2014 2015 2016
Other Markets US Market Domestic Market
NET REVENUE
830.3823.8
591.6
830.3823.8
591.6
PER MARKET PER SEGMENT
In Million of R$
-59.5
-25.7
-63.9
-10.1%
-3.1%-7.7%
-24.0%
-14.0%
-4.0%
6.0%
16.0%
26.0%
-70
-60
-50
-40
-30
-20
-10
0
2014 2015 2016
EBITDA EBITDA Margin
591.6
823.8 830.3
23.9%
29.4%
23.3%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
2014 2015 2016
Net Revenue Gross Margin
OPERATING MARGINS
GROSS MARGIN EBITDA MARGIN
In Million of R$
231.4
303.0 291.4
2014 2015 2016
SG&A
Main Extraordinary Expenses 2015 2016
Carter Case R$ 59.1 R$ 10.3
Infrastructure & Environment - R$ 10.0
Assets Write-off & Adjustments R$ 12.4 R$ 8.1
Obsoletes Inventories - R$ 10.0
Labor Processes R$ 17.9 -
External Consultancies R$ 5.6 -
Famastil goodwill investment write-off - R$ 4.9
Brand Attacks - R$ 3.0
Products Guarantee - R$ 5.0
In Million of R$
-185.4
-253.8
-103.0
2014 2015 2016
-92.2
-218.6
-2.7
2014 2015 2016
INCOMES
FINANCIAL INCOME NET INCOME
In Million of R$
