3. - Pistols
- Revolvers
- Long Guns
- Air Guns
- Accessories
- Helmets for
Motorcyclists
- Motorcycle case
- Accessories
HELMETSFIREARMS OTHERS
- Containers
- Bins
- Metal Injection
Molding
LARGEST
MANUFACTURER OF
REVOLVERS
LEADING NATIONAL
HELMETS’
PRODUCTION
BRAZILIAN COMPANY
WITH METAL
INJECTION MOLDING
TECHNOLOGY
COMPANY
OVERVIEW
4. FACILITIES
Taurus Holdings Inc,
Miami – Florida
Firearms and M.I.M.
Forjas Taurus S,A,
São Leopoldo – RS
Handguns, Forgery, Machining and M.I.M.
Taurus Blind. Nordeste
Simões Filho – BA
Helmets
Taurus Blindagens
Mandirituba – PR
Helmets and Plastics
COMPANY
2,800
Employees
5. 1980 - Beretta operational acquisition
1982 - IPO
1983 - Taurus International
1939 –Forjas Taurus Foundation
1970 - Foreign investors control
1977 – Management buyout
1999 – Pollymer and titanium guns
1997 – Rossi – Revolver
2015 – Beginning of restructuring process
- 100% of production increase
- Beginning of debt renegotiation
- SAP Implementation
- Beginning of plants consolidation
2014 – New Shareholder: Companhia Brasileira de Cartuchos (CBC)
2012 - Heritage Manufacturing Inc. Acquisition
- Acquisition of SteelInject
2011 - Admission to Level 2 of BM&FBOVESPA (Corporate Gov,)
10´s
30´s
70´s
80´s
90´s
00´s2008 – Rossi – Long Guns
2004 – Famastil participation acquisition
2016A NEW COMPANY
New Headquarter
in São Leopoldo
New products
portfolio
New production
increase
SAP
Go live
TIMELINE
COMPANY
6. CORPORATE GOVERNANCE
PUBLIC OFFERING
IN CASE OF CHANGE
OF COMPANY’S
CONTROL
DIVIDENDS
35%
MINIMUM OF 40%
INDEPENDENT
BOARD MEMBERS
VOTING RIGHTS TO
PREFERRED SHARES
(In Relevant Topics)
COMPANY
7. BOARD AND COMMITTEES
Jorio Dauster
Magalhães e Silva
Fernando
José Soares
Estima
João Verner
Juenemann
Chairman
(Independent)
Vice – Chairman
Independent
60%
of Independent
Members
Audit and Risks
Committee
João Verner Juenemann
Fábio Luiz Munhoz Mazzaro
Thiago Piovesan (CFO & IRO)
COMPANY Fábio Luiz Munhoz
Mazzaro
Marcos
Bodin
Comnene
Independent
8. STATUTORY AND EXECUTIVE BOARD OF DIRECTORS
COMPANY
CEO*
Marco Aurélio Salvany
CFO and IRO*
Thiago Piovesan
CHIEF OF SALES
MARKETING*
Salésio Nuhs
DIRECTOR OF
INTEGRATED
ENGINEERING
Cristiano Macedo
DIRECTOR OF
MARKETING
Eduardo Minghelli
CEO – TAURUS
HOLDINGS INC,
Anthony Acitelli
DIRETOR OF
QUALITY
Raul Kriedt
DIRECTOR OF
OPERATIONS
Jeferson Nargony
DIRECTOR OF
METALLURGY
OPERATIONS
Ricardo Machado
*Statutory Board elected in 06.29.2016
9. FISCAL COUNCIL
PERMANENTLY
INSTALLED
COMPANY
Amoreti Franco
Gibbon
Juliano Puchalski
Teixeira
Alternate: Edson Pereira Ribeiro
Alternate: Carlos Eduardo
Bandeira de Mello Francesconi
Haroldo
Zago
Alternate: Heldo Jorge dos
Santos Pereira Junior
Mauro César
Medeiros de Mello
Alternate: Nildo Teixeira Freire
Reinaldo
Fujimoto
Alternate: José Aírton Veras
Carvalho
10. SHAREHOLDERS
COMPANY
SHAREHOLDERS
PARTICIPAÇÃO
TOTAL ON PN
COMPANHIA BRASILEIRA DE CARTUCHOS - CBC 65.80% 89.55% 2.64%
MARCOS BODIN DE SAINT ANGE COMNENE 5.52% 0.03% 20.14%
ANTONIO MARCOS MORAES BARROS 4.70% 0.20% 16.69%
PREVI 3.70% 1.66% 9.12%
ESTIMAPAR 3.06% 4.21% 0.00%
OTHERS 17.22% 4.35% 51.41%
CAPITAL STOCK QUANTITY
ORDINARY SHARES 34,581,627
PREFERRED SHARES 13,001,621
TOTAL 47,583,248
18. AWARDS
2012
FIELD & STREAM BEST OF THE BEST
AWARD
TAURUS TRACKER 992
2011
NRA: HANDGUN OF THE YEAR
PT 740 SLIM
2013
MANUFACTURER OF THE YEAR
TAURUS INTERNATIONAL MFG, INC,
FIREARMS
& Accessories
20. PUBLIC SECURITY
Source: Public Security 2015 Report (data from 2014)
FIREARMS
& Accessories
- Police Force
Federal Police > 14,000
Civil Police > 118,000
Military Police > 425,000
City Guard * > 100,000
*Law nº 13,022 – August, 2014
- Armed Forces
Armed Forces > 327,000
21. MARKET SHARE
90% OF HANDGUNS MARKET
SHARE IN BRAZIL
PEERS: CBC AND IMBEL 10% OF
MARKET SHARE
FIREARMS
& Accessories
22. TAURUS DEFENSE - Targets
TAURUS
DEFENSE
Act as the link between TAURUS and Defense Ministry and
Armed Forces;
Represent TAURUS in specific forums;
Contribute on the process of consolidation of the TAURUS’
brand to the concepts of quality, safe, security and reliability;
Contribute on the sales growth, in particularly, to Armed Forces;
Manage the work related to the relevant legislation to the EED
(Strategic Defense Companies) and others inherent legal
frameworks of the company’s activity,
23. TAURUS – EED since November 28th, 2013
TAURUS
DEFENSE
24. TAURUS
DEFENSE
Política
Nacional
de Defesa
Prioritize the development of
independent technological
capabilities;
Subordinate commercial
considerations to the
strategic imperatives;
Prevent the polarization of
Defense Industrial Base
between advanced research
and routine production;
Use the development of
defense technologies as a
focus for the development of
operational capabilities,
BRAZILIAN DEFENSE STRATEGY – Legal Base
25. CONCEPTS
TAURUS
DEFENSE
PRODE: all good, service, construction or information, including weapons,
ammunition, transportation or communications, uniforms and individual or
collective materials used in the defense activities, excepts the
administrative use;
PED: all PRODE that, due the technology content, the difficulty to obtaining
or the indispensability, is of strategic interest for national defense;
26. CONCEPTS
TAURUS
DEFENSE
EED: all companies that are certified by the Defense Ministry that meet the
following conditions:
Be aimed at carrying out research activities, projects, development, industrialization,
service, production, repair, maintenance, overhaul, conversion, modernization or
maintenance of PED in Brazil;
Have the headquarters in Brazil, its management and the industrial establishment;
Dispose, in Brazil, of proved own technology knowledge or complemented by
partnership agreement with the Scientific and Technological Institution;
Ensure, that foreign shareholders can not act on General Shareholders Meetings with
number of votes representing more than 2/3 of the total votes exercisable by Brazilian
shareholders; and
Ensure production continuity in Brazil,
27. INCENTIVES
TAURUS
DEFENSE
RETID: Special Tax System for Defense Industry
PIS/PASEP and COFINS exemption
IPI exemption
Source: Law N, 12,598/2012
The EED will have access to special tax system and
funding for programs, projects and actions related to
goods and services of national defense under the law terms ,
30. EXPORTS TO OTHER COUNTRIES (ex-USA)
EXPORTS FOR
MORE THAN
70 COUNTRIES
FIREARMS
& Accessories
31. GROWTH STRATEGIES
FIREARMS
& Accessories
Specific products for Consumer and Law Enforcement markets
Develop new products for the US market
Improve the after-sale: maintance, retrofit and training
Increase the sales for civilian brazilian market
Improve the Taurus brand perception
33. IMPACT FACTORS
HELMETS
& Accessories
Motorcycles Sales
Car substitution for motorcycle
Mobility and traffic saving
Delivery Services
Motocab
Credit
Defaults’ growth
Restricted credit concession
% of down payments’ value
Number of installments
Motorcycle maintenance X Helmet
acquisition
Inexistence of financing for used low
cilinder motocycles
35. HELMETS MARKET IN NUMBERS
44%
BRAZILIAN MOTORCYCLE
HELMETS MARKET SHARE
5
MILLION UNITS/YEAR
POTENTIAL MARKET
1,5
HELMETS PER
MOTORCYCLE IN
BRAZIL
6
YEARS: HELMET’S LIFE TIME
ESTIMATED BY THE MARKET
HELMETS
& Accessories
Source: Taurus
36. PEERS
Nome Logo País Nome Logo País Nome Logo País
AGV Itália HELD Alemanha NAU Portugal
AIROH Itália HELT Brasil NOLAN Itália
ARAI Japão HJC EUA NORISK Brasil
ASTONE França ICON EUA ONE EUA
BELL EUA KRAFT Brasil PEELS Brasil
BIEFFE Brasil LAZER Bélgica PRO TORK Brasil
CRAFT Alemanha LS2 Espanha SHARK França
EBF Brasil MARUSHIN Itália SHOEI Japão
FLY Brasil MHR China STARPLAST Brasil
FOX EUA MIXS Brasil TAURUS Brasil
HARLEY-
DAVIDSON
EUA MT Espanha VAZ Brasil
10%
OTHERS
Market Share
Brazil
45%
45%
HELMETS
& Accessories
37. COMPETITIVE ADVANTAGES
Quality
Raw material from recognized suppliers
Compliance with brazilian quality standard
(NBR 7471/2001)
Production scale
Market Leadership with San Marino Product
Design
Updated and innovative design
Artwork with excellent finishing
HELMETS
& Accessories
38. GROWTH STRATEGIES
Explore the foreign market
Evaluate the opportunities of producing helmets
with higher added value
Increase the marketing actions: exhibitions,
specific magazines, others,
HELMETS
& Accessories
47. HIGHLIGHTS 3Q15 FINANCIAL RESULTS
HIGHLIGHTS
47
NET REVENUE
20.9%
CONTINGENCIES
Extra Provisions of
R$ 10,8 million
GROSS MARGIN
4.3p.p.
Domestic Market
26.2%
Foreign Market
18.8%
Firearms
5.1p.p.
Helmets
8.6p.p.
Adjusted EBITDA
62.1%
FOREIGN EXCHANGE
IMPACT
US$ 28.1% (CLOSING)
Financial Income:
Negative foreign
exchange impact
R$ 121.9 million
48. ECONOMIC AND FINANCIAL INDICATORS
3Q15 RESULTS
(1) Adjusted EBITDA: Earnings before interest, tax, depreciation and amortization and net earnings from non-recurring operations.
The computing process was developed according the CVM nº 527 instruction of October 04, 2012.
50. STRATEGIES
2016: A NEW CYCLE
RESUMPTION OF
COMPANY
FUNDAMENTALS
REDUCING
COMPANY
COMPLEXITY
FOCUS
ON
PROFITABILITY
RESIZE THE
INDUSTRIAL
PROCESS
51. STRATEGIES
2016: A NEW CYCLE
OPERATIONAL RESTRUCTURING
- New production concept
- Higher production capacity
- Greater efficiency and quality
FINANCIAL
RESTRUCTURING
- Cash generation
- Debt renegotiation
- Capital increase R$ 39.9 mm
- Operations transferring to SL
- Long guns consolidation
- Respect for the environment
SAP
52. STRATEGIES
2016: A NEW CYCLE
New Firearms Production Concept
Gunsmith Production Line
Interchangeability of parts
Higher production capacity
Greater efficiency and quality
Plants Consolidations
Long guns operations consolidation
Operations transferring to São Leopoldo – RS – Brazil
Respect for the environment
SAP Implementation
Process based
Greater management control
Greater integration among departments
Sinergy gains
53. STRATEGIES
2016: A NEW CYCLE
New Headquarter
Address: Av. São Borja, 2181 – CEP: 93.032-000 – São Leopoldo – RS – Brazil
54. JULIAN BATISTA
IR Analyst
+55 51 3021 3001
www,taurusri,com,br
ri@taurus,com,br
THIAGO PIOVESAN
CFO & IRO
MARCO AURÉLIO SALVANY
CEO
