Slide 1: 3Q20 Results Presentation
CVC: THE BRAND MOST REMEMBERED IN BRAZIL Source: Prémio Folha Top of Mind cve corp 3Q20 Results Presentation November 16, 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
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Slide 4: What have we already done?
Cvc corp What have we already done? We have implemented important changes in our corporate structure ESTABLISHMENT CREATION OF NEW OF STRUCTURES BUSINESS Governance Clients & Pricing UNITS Credit & Billing Products a What are S88 we doing Priority Strategic now? focus on planning with margins the cl
Slide 5: Highlights
CVC Highlights 3Q20 strongly impacted by the pandemic... * Closing of borders and social distancing measures still in effect ... but the Brazilian market showed relevant signs of resumption * Bookings Sep/20 = 37% of Sep/19 * Sales domestic leisure = 65% of Sep/19 Preserving our financial health * S
Slide 6: Leading the resumption in Brazil
CVC corp Leading the resumption Resumption gains st hin 3Q20- Brazil New Black Friday campaign i 4 ; . . y paign, , & 4 a Sales in 2020 as % of sales recorded in the same one of the most relevant retail events ,5../ 5° period in 2019 “Black Friday prices, CVC confidence” “ incrivels * Focus on assis
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Slide 8: Sales and cost changes
• Sales: down 78.2%: • Provision for losses: -182.1% • Marketing: -76.1% • Credit card fees: -78.3%
Slide 9: Own Financing | BR
Own Financing | BR We are being conservative in relation to credit and selling with higher quality 45.1% 47.6% 10.6% 142% 11.3% 11.3% 10.6% 189 149 123 3018 4018 tals 2019 3Q19 4Q19 1020 2020 3020 mmm Consumer Loans Portfolio - CVC Credit Desk (RS min) Provision for Doubtful Accouts / Consumer Loans
Slide 10: Results 3Q20 | Argentina
<4 (3) Results 3Q20 | Argentina
Slide 11: Argentina | 3Q20
Argentina | 3T20 Results strongly impacted by the pandemic and resulting interruption of the tourism sector Interruption of sales and boardings due to the COVID-19 pandemic also resulted in cancellations and reimbursements, leading to a net revenue of R$5.1 million BOOKINGS NET REVENUE EBITDA ADJUST
Slide 12: Results 3Q20 | CVC Corp
∣ ∣ 4 Results 3Q20 ∣ CVC Corp
Slide 13: Bookings, Net Revenue, Adjusted EBITDA
Bookings – R$ million Net Revenue – R$ million -79% -87% 4,865 1,040 10% 8% Adjusted EBITDA – R$ million -176% 33% -189% 5% 8%
Slide 14: Operating Cash Flow Generation
Days of Working Capital Operating Cash Flow Generation - R$ million 3Q20 3Q19 Accounts receivable 37 70 9M19 9M20 Suppliers / Advance to suppliers 14 1 Advanced of travel agreements -76 -46 1,242 Prepaid expenses 1 8 Other (net) -3 -2 Change in Working Capital -27 30 247 3T 9M
Slide 15: Debt Profile
Debt Profile 682 635 15 35 410 41 600 668 189 125 369 125 64 25 100 125 125 4T20 4Q20 2021 2022 2023 2024 2025 Dívidas Bancárias Bank Loans M&A • • • • 15
Slide 16: CVC
CVC Agenda $444