Slide 1: 2Q20 Results Presentation
2Q20 Results Presentation October 20, 2020
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Certain statements contained herein are foward-looking statements based on Management's current estimates regarding future performance that may result in material differences regarding future results, performance and events. These prospects include future result
Slide 3: Highlights
1 Highlights 2Q20 Results ∣ Brazil 2 2Q20 Results ∣ Argentina 3 2Q20 Results ∣ CVC Corp 4 Q&A 5 3
Slide 4: Rumo à retomada
Rumo à retomada ESTABLISHME NT CREATION UNIFICATION OF NEW OF OF STRUCTURES BUSINESS IT UNITS GOVERNANC E 4
Slide 5: Financial Highlights
Financial Highlights Highlights • • • △ • • △ • • △ • 5
Slide 6: Towards the resumption
Towards the resumption domestic leisure • ◦ ◦ • • • • ◦ • 6
Slide 7: 2Q20 Results | Brazil
Highlights 1 2 2Q20 Results ∣ Brazil 2Q20 Results ∣ Argentina 3 2Q20 Results ∣ CVC Corp 4 Q&A 5 7
Slide 8: Results | BR Operating Expenses | BR
Results | BR Operating Expenses | BR 244.8 130.4 • Sales: down 69.3% • Provision for losses: -13.1% | Marketing: -84.5% • G&A: down 36.1%
Slide 9: Own Financing | BR
Own Financing | BR CVC 38.2% 45.1% We continue to 11.0% 10.6% 142% 113% 11.3% 10.6% 728% improve the processes, systems and information 189 195 ue al related to credit 123 ke) uci 146 management and collection tool S 2018 3Q18 4Q18 1a19 2Q19 3Q19 4019 1020 2020 mmm Consumer Loans Portfolio - CVC Cre
Slide 10: 2Q20 Results | Argentina
Hightlights 1 2Q20 Results ∣ Brazil 2 3 2Q20 Results ∣ Argentina 2Q20 Results ∣ CVC Corp 4 Q&A 5 10
Slide 11: Argentina | 2Q20
Argentina | 2Q20 R$75.7 MM -90.5% -R$1.5 MM -102.2% -R$21.3 MM △ -R$14.2 MM -R$21.1 MM △ R$1.2 MM 11
Slide 12: 2Q20 Results | CVC Corp
Highlights 1 2Q20 Results ∣ Brazil 2 2Q20 Results ∣ Argentina 3 4 2Q20 Results ∣ CVC Corp Q&A 5 12
Slide 13: Results | CVC Corp
Results | CVC Corp Bookings – R$ million Net Revenue – R$ million -95% -99% 12% 1% Adjusted EBITDA – R$ million -179% 19% 37% n.a. 1% 13
Slide 14: Cash Generation of R$916 million in 1H20
Cash Generation of R$916 million in 1H20 Days of Working Capital Operating Cash Flow Generation - R$ million 1Q20 1Q19 Accounts receivable 29 80 Suppliers / Advance to suppliers 9 3 Advanced of travel agreements -43 -55 Prepaid expenses 1 8 Other (net) -1 -2 Change in Working Capital -6 34 Working
Slide 15: Indebtedness
Indebtedness Dívida Net Líquida Debt Contas a Payable Accounts Pagar de- Acquisitions Aquisições Recebíveis Discount Descontados Receivables Debt Profile 1,941.8 440.0 682 1,379.8 635 229.1 1,204.8 15 102.4 89.5 1,115.3 35 355.6 410 206.7 206.7 329 41 1,272.7 20 600 668 921.8 908.6 908.6 125 140 369
Slide 16: Q&A
Highlights 1 2Q20 Results ∣ Brazil 2 2Q20 Results ∣ Argentina 3 2Q20 Results ∣ CVC Corp 4 5 Q&A 16