Slide 1: CVC Corp 1Q24 Earnings
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Slide 2: Disclaimer
EARNINGS RELEASE 1Q24 Disclaimer Some of the statements contained herein are based on Company Management’s current assumptions and outlooks, which may cause material variations between operating results, performance, and future events. These outlooks include future results that may be influenced by
Slide 3: Highlights 1Q24
EARNINGS RELEASE 1Q24 Highlights 1Q24 • +16.3% in Net Revenue - Brazil vs 1Q23 • +2.1 p.p. (+28%) in the Take Rate, to 9.5% vs 1Q23 • 36 stores opened in 1Q24, in line with our expansion plan • R$ 86.2 million in Adjusted EBTIDA, +R$ 58.9 million vs 1Q23 • 27.2% in the Adjusted EBITDA margin, +17.9
Slide 4: Team, Franchisee convention, Strategy, Financial and Operating Income
EARNINGS RELEASE 1Q24 Team Franchisee convention Strategy Financial and Operating Income (loss)
Slide 5: Team
TEAM FABIO GODINHO CEO Business Business support Unit areas CCO Corporate CVC EXPERIMENTO VISUAL REXTURE TREND CVC PRODUCTS FINANCE, IR, TURISMO VIAGENS and TECHNOLOGY Governance and VIAGENS INTERCÂMBIO ADVANCED ARGENTINA AND PEOPLE CSC Compliance PRICING EMERSON CARLA HUGO MARVIO BRUNO DIEGO FABIO
Slide 6: Team, Franchisee convention, Strategy, Financial and Operating Income
EARNINGS RELEASE 1Q24 Team Franchisee convention Strategy Financial and Operating Income (loss)
Slide 7: Franchisee convention
FRANCHISEE CONVENTION – GRAMADO Franchisee convention • Largest convention ever held • 1,700 participants • 85 sponsors • More than 20 hours of content (plenary and training rooms) • signing of 328 franchise-opening letters of intention Strengthening the relationship between the company, its franchi
Slide 8: Team, Franchisee convention, Strategy, Financial and Operating Income
EARNINGS RELEASE 1Q24 Team Franchisee convention Strategy Financial and Operating Income (loss)
Slide 9: Strategy - Exclusive Products
STRATEGY - EXCLUSIVE PRODUCTS OVERLAND PRODUCT AIR PRODUCT PREFERRED PARTNER DOMESTIC INTERNATIONAL Itineraries prepared by destination Competitiveness ▪ + 100% of seats contracted vs same period ▪ + 50% of seats contracted; ambassadors last year ▪ + 40 origins throughout BR CVC Quality and Availabi
Slide 10: Strategy - Sales Expansion
STRATEGY - SALES EXPANSION “Standard” and “Light” store models New models: Modular and kiosk – 1Q24 Benefits: Low Investment Greater Agility Faster Assembly Results: Increase capillarity and penetration of the CVC brand Network of stores – 1Q24 Service where the customer needs it most 1Q24 ended wit
Slide 11: Team, Franchisee convention, Strategy, Financial and Operating Income
EARNINGS RELEASE 1Q24 Team Franchisee convention Strategy Financial and Operating Income (loss)
Slide 12: Net Revenue and Take Rate by Business Unit
NET REVENUE (R$ million) AND TAKE RATE (%) – BY BUSINESS UNIT R$ million CONSOLIDATED B2C B2B ARGENTINA +27.8 +8.3 +21.9 (19.1%) -14.3 (7.4%) (10.9%) (-19.2%) 13.0% 11.4% 9.5% 8.6% 7.4% 6.5% 6.5% 4.8% 1Q23 1Q24 1Q23 1Q24 1Q23 1Q24 1Q23 1Q24 1Q24 vs 1Q23 Highlights Increase in Take Rate at all busine
Slide 13: Financial and Operating Performance - Consolidated
FINANCIAL AND OPERATING PERFORMANCE - CONSOLIDATED R$ million GENERAL AND ADMINISTRATIVE EXPENSES / % NET REVENUE CASH NET INCOME -44.7 +106.6 (-20.6%) (n.a.) 2.3% 7.3 73.0% 54.0% -33.6% Cash Net Income, positive for the third consecutive month 1Q23 1Q24 1Q23 1Q24 ADJUSTED EBITDA CONSOLIDATED BRAZIL
Slide 14: Capital Structure
CAPITAL STRUCTURE Capital structure 1Q24 Cash ∆ 1Q24 vs 1Q R$ million CVC Corp Indebtedness (In R$ million) 1Q24 1Q23 23 1Q24 1Q23 ΔUS$ Debentures (823.0) (926.0) 103.0 Short-term (194.6) (723.0) 528.4 Opening balance of cash 482.8 687.5 (204.7) Long term (628.4) (203.0) (425.4) Operational Generati
Slide 15: Q&A
Q&A
Slide 16: Investor Relations
Investor Relations Felipe Gomes CFO and DRI Rodrigo Táboas FP&A and IR Executive Manager Liliam Toledo IR Specialist