Livetech Da Bahia Industria E Comercio Sa · BMFBOVESPA:WDCN3
Livetech Da Bahia Industria E Comercio Sa — WDC Networks — Q1 2024 Earnings Presentation
17 slides from Livetech Da Bahia Industria E Comercio Sa's earnings presentation, May 9, 2024
Slide 1: Earnings Call Presentation 1Q24
EARNINGS CALL PRESENTATION 1Q24 May 9th 2024
Slide 2: Legal Warning
Legal Warning The statements contained in this document regarding WDC Networks’ business and growth prospects are based solely on the Management expectations for the future of the business. These expectations depend substantially on market conditions, the performance of the Brazilian economy, the se
Slide 3: Highlights 1Q24
Highlights 1Q24 WDC reverses 4Q23 net loss and achieves net income of R$4.7 million in 1Q24 Future Revenues (Backlog), totaled R$853.2 million in 1Q24 (-2.2% versus 1Q23) Total Enterprise Sales, R$106.4 million (+28.6% versus 1Q23) Improvement in gross margin in all segments, reaching 25.8% consolid
Slide 4: Total Sales
Total Sales Total Sales (R$ million) CAGR 2018-2023 18.2% 1,456.4 1,480.9 -37.2% -16.8% 333,2 415,2 1,152.0 1,002.5 204,3 357.6 71,4 366,4 340,2 73,5 270.1 722.8 308,2 369,9 224.6 82,7 39,0 26,9 499.5 298,5 96,1 106,4 176,0 201,4 756,8 725,4 135,0 91,4 623,0 577,8 424,3 323,6 1Q23 4Q23 1Q24 Telecom
Slide 5: Net Revenue
Net Revenue Net Revenue (R$ million) -14.2% 1,066.6 1,070.9 CAGR -4.3% 2018-2022 19.4% 900.7 296,3 347,9 718.0 166,5 244.3 266,8 255,8 258,2 218.9 209.5 506.6 277,4 61,7 32,1 24,6 371.5 188,2 59,0 68,1 80,1 137,1 440,7 503,5 467,2 475,9 318,4 123,5 118,7 104,8 234,5 2018 2019 2020 2021 2022 2023 1Q2
Slide 6: Business Unit - Telecom
Business Unit - Telecom Decrease in sales in 1Q24 explained by slowdown in the subscriber base (in fiber), according to the database provided by Anatel In LTM, we sold 870,000 ONUs, which represented 30% market share in Telecom relation to the 2.9 million new subscribers (net) in the fiber modality
Slide 7: Business Unit - Enterprise
Business Unit - Enterprise Highlights Cybersecurity verticals, electronic security and a large project in Colombia were mainly responsible for the good performance of the quarter Segment was responsible for the largest share of sales in 1Q24, recording R$ Enterprise 106.4 million or 47% of the total
Slide 8: Business Unit – Solar Energy
Business Unit – Solar Energy Highlights Solar The Company has been prioritizing greater margins and profitability 12% Resumption of profitability in 1Q24 Segment had a gross profit of R$3.2 million, with a gross margin of 12.8%, versus a gross loss of R$4.7 million and a margin of -14.7% in 4Q23 New
Slide 9: Margem de contribuição (R$ milhões)
Margem de contribuição (R$ milhões) CAGR 2018-2023 12.2% +8.0% 294.9 +40.0% 239.0 45,9 247.7 10,5 43,4 188.3 72,3 58,0 54.1 1,9 50.1 133.6 76,4 3,2 77,9 3,8 38.7 106.0 26,0 17,0 25,3 13,2 19,0 170,5 176,7 107,6 127,9 108,4 92,8 29,2 24,4 25,7 -4,7 2018 2019 2020 2021 2022 2023 1Q23 4Q23 1Q24 Telecom
Slide 10: Operational Expenses
Operational Expenses Operational Expenses (R$ million) -8.8% -16.5% 39,7 43,4 36,2 1Q23 4Q23 1Q24 The company continues reducing expenses In 1Q24, in absolute volumes, the Company reduced operating expenses by 8.8% or R$3.5 million, versus 1Q23. Compared to 4Q23, the reduction was 16.5% or R$7.2 mil
Slide 11: EBITDA
EBITDA EBITDA (R$ million) 200,0 38,0% 32,5% 180,0 33,0% 160,0 28,0% 140,0 23,5% 20,7% 23,0% 120,0 100,0 18,0% 80,0 68,2 13,0% 57,5 60,0 45,2 8,0% 40,0 3,0% 20,0 0,0 -2,0% 1Q23 4Q23 1Q24 Consolidated EBITDA reached R$68.2 million in 1Q24, versus R$57.5 million in 1Q23 and R$45.2 million in 4Q23. Thi
Slide 12: Financial Result and Net Income
Financial Result and Net Income Financial Result(R$ million) Net Income (R$ million) 1Q23 4Q23 1Q24 4,7 -7,2 -11,4 -18,3 -6,4 -9,9 +58.7% 1Q23 4Q23 1Q24 -37.8% In 1Q24, the financial result improved by R$6.9 million, compared to 1Q23, explained by the reduction in gross debt. Compared to 4Q23, the f
Slide 13: Net Debt and Leverage
Net Debt and Leverage Indebtedness 1Q23 4Q23 1Q24 Net Debt and Leverage (R$ million) (R$ Millions) (Net Debt/ Adjusted EBITDA) Net Debt Leverage Short term debt 159.6 71.0 75.2 Long term debt 545.3 519.4 519.6 2,29 2,50 2,11 2,06 Gross Debt 704.9 590.4 594.7 1.400,0 1.200,0 2,00 1.000,0 Cash and Fin
Slide 14: Payment Capacity
Payment Capacity Gross Debt Payment Schedule and Contracted Future Revenue (Revenue Backlog) Coverage (R$ million) Gross Debt Revenue Backlog Deferred revenue guarantees cash to pay future obligations 853,2 594,7 277,5 247,1 176,6 191,0 161,3 106,4 106,9 67,3 55,8 26,9 27,3 3,7 TOTAL April to Dec 20
Slide 15: Quarterly Cash Flow
Quarterly Cash Flow | (R$ million) + 39,7 - 32,4 101,96 - 13,5 95,7 4Q23 Operations Investment activities Financing activities 1Q24 15
Slide 16: Perspectives of the new positioning
Perspectives of the new positioning Focus on commercializing Expand our presence in the market, integrated solutions attacking new verticals which require (Products + Services) products from our portfolio: Transport, Adding services via internal Education, Hospitality/Health, Retail, development and
Slide 17: Thank You! Q&A
THANK YOU! Q&A Feel free to contact us, we are at your disposal. ri.wdcnet.com.br ri@wdcnet.com.brr @wdcnetworks