In This Article:
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Adjusted EBITDA (Q4 '24): BRL472 million; excluding nonrecurring items, BRL342 million, 47% higher than Q3 '24.
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Net Margins (Q4 '24): BRL293 million; for the year, BRL557 million.
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Operating Cash Generation (Q4 '24): BRL453 million, 54% higher than the previous quarter; BRL831 million for the year.
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Debt Coverage: Cash position covers 40 months of debt; average debt term of 64 months with 53% due after '29.
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Debt Leverage: 0.76 times, aligned with the previous quarter.
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Electrolysis Utilization Rate: 86% consolidated rate.
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Self-Produced Energy (Q4 '24): 66% in Brazil, a record quarter-over-quarter.
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Recurring EBITDA Margin (Q4 '24): 24%, up from 17% in the previous quarter.
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Net Income (Q4 '24): BRL448 million, including BRL81 million in extraordinary effects.
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Dividends Distributed (2024): BRL448 million; additional BRL250 million approved for April 2, '25.
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Share Repurchase Program (2024): BRL62 million spent, 1.2 million shares repurchased, 1.1 million shares canceled.
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CapEx Funding (Q4 '24): BRL400 million from BNDES Climate Fund, BRL273 million from BNDES FINEM Environment, BRL203 million from BNB.
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New Plant Operations: Camacari plant started in December '24, providing over 92,000 tons of chlorine.
Release Date: March 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Unipar Carbocloro SA (BSP:UNIP3) achieved record sales in Brazil across all business segments, demonstrating strong market performance.
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The company reported an adjusted EBITDA of BRL472 million for the quarter, a 47% increase from the previous quarter.
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Unipar Carbocloro SA maintained a strong cash position, covering 40 months of its debt, with a low leverage ratio of 0.76 times.
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The company successfully started operations at its new Camacari plant, enhancing its production capacity and proximity to clients in the Northeast.
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Unipar Carbocloro SA achieved a high level of self-produced energy in Brazil, reaching 66% in the fourth quarter, with a goal of 80% by the end of the year.
Negative Points
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The company faced challenges from a persistent low petrochemical cycle and the contraction of the Argentine economy, impacting international results.
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There was a reduction in PVC demand in Argentina due to economic reforms, affecting sales in that region.
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Unipar Carbocloro SA anticipates a challenging year in 2025 due to exchange rate volatility and inflation pressures.
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The company experienced a temporary shutdown at its Bahia Blanca plant in Argentina due to severe weather conditions, impacting operations.
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Despite strong P&L performance, cash generation did not expand at the same rate, partly due to non-cash effects in the quarter.