Slide 1: 2Q21 Results Presentation
2Q21 RESULTS PRESENTATION AUGUST 16TH, 2021
Slide 2: Disclaimer
Disclaimer Certain statements contained herein are forward-looking statements based on Management’s current estimates regarding future performance that may result in material differences regarding futureresults, performance and events. These prospects include future results that may be affected by h
Slide 3: Agenda 2Q21
AGENDA 2Q21 Highlights CVC Corp results Brazil results Argentina results 2nd half 2021 flight plan and Q&A
Slide 4: 2Q21: trip summary
2Q21: • Second wave of Covid-19 leading to new restrictions on circulation between March trip summary and May, with impacts on boardings and, consequently, on quarter’s revenue, also affected by lower take rate on pre-pandemic sales now boarded. • Sequential growth in bookings: June/21 presented 50%
Slide 5: Strategic Initiatives and Digital Evolution
Strategic Initiatives and Digital Evolution New logo and new store concept contributing to an exclusive consumer experience Launch of CVC new brand in June, 2021 New CVC store to be launched in October 5
Slide 6: Strategic Initiatives and Digital Evolution
Strategic Initiatives and Digital Evolution Progress in better customer understanding and increasing our relationship with them Contactable Clients (in million) Hotel Dynamic Pricing Loyalty Program Aug: new Pricing Platform Launching of cobranded card Proof of Concept for clients with origination i
Slide 7: Strategic Initiatives and Digital Evolution
Strategic Initiatives and Digital Evolution Long term growth sustained by strategic initiatives Concluded Last deliverables “Reserva Fácil”: platform for travel agents ● Circuit available in our ● New Submarino App websites ● Improved search engine in our sales platform Technology ● Launching of new
Slide 8: Recovery of Domestic Tourism
Recovery of Domestic Tourism Bookings Brazil - R$ million Bookings - Brazil, by destination - R$ million % vs same period of 2019 79% 86% 58% 39% 56% 37% 77% 30% 11% 16% 61% 7% 58% 1,520.0 1,460.9 50% 1,207.6 1,520.0 1,460.9 42% 37% 243.1 1,207.6 319.8 26% 771.6 151.8 522.0 586.4 352.5 1,276.9 1,141
Slide 9: 2Q21: Brazil's Revenue
2Q21: Brazil’s Revenue Passengers (R$ thousand) and Average Ticket (R$) – Brazil Net Revenue Brazil - R$ million 61% 97% 52% 52% 26% 49% 11% 31% 23% 18% 4% 17% 2,028.7 -2% 4% 149.7 9% 141.6 1,626.6 1,487.4 19.3 21.6 90.2 844.9 18.5 56.9 8.1 122.3 128.1 Average 321.9 71.7 Ticket 578.4 674.9 745.1 771
Slide 10: Agenda 2Q21
AGENDA 2Q21 Highlights CVC Corp results Brazil results Argentina results 2nd half 2021 flight plan and Q&A
Slide 11: Financial Performance (R$ M) CVC Corp 2Q21
Financial CVC Corp 2Q21 Performance (R$ M) Net Revenue decreased in comparison to 1Q21 due to -5.8% bookings/ boardings in Brazil, consequence of Net Revenue Adjusted EBITDA¹ restrictions imposed by the 2nd wave of Covid-19, specially 165.9 April and May; Argentina +68.1% due to successful sales 1
Slide 12: Financial management
Summary Cash Flow Financial management R$ Million 1H20 1H21 Net Income -1,403.69 (257.1) • R$ 202.6 million cash consumption in Non-cash Itens 1,304.26 64.3 operations. (Increase) / decrease in working capital 1,015.60 (9.8) Cash Flow From Operations 916.2 (202.6) • Keeping investments on digital tr
Slide 13: Financing source
Financing source Indebtedness - R$ million Capital increase (in progress) Announced in July the intention of 2,170.1 raising R$ 380 – 480 million 154.4 R$ 454 million already subscribed 1,312.1 1,301.9 1,095.9 Amounts (94,5% of maximum amount) 130.5 115.3 2,015.7 717.9 600.2 Resources already
Slide 14: Agenda 2Q21
AGENDA 2Q21 Highlights CVC Corp results Brazil results Argentina results 2nd half 2021 flight plan and Q&A
Slide 15: CVC Brazil 2Q21 Financial Performance (R$ M)
Performance CVC Brazil 2Q21 Financial (R$ M) B2C: bookings/ boardings (–24.1% vs 1Q21) and margin impacted for sales mix (higher share of sales prior to the Net Revenue Adjusted EBITDA¹ pandemic period) put pressure on net revenue. 141.6 149.7 B2B: bookings/ bookings +16.6% vs 1Q21 and net 90.2
Slide 16: CVC Brazil: Net Revenue and Take Rate
CVC Brazil: Net Revenue and Take Rate Net Revenue, in R$ million Decomposition of take rate 12.2% 14.9% Potential 7.3% margin 6.4% 8.3% 7.9% Effect of cancellations and rescheduling 141.6 149.7 of reserves in higher volume than usual by occasion of the pandemic 46.4 47.1 90.2 Greater share of boardi
Slide 17: Agenda 2Q21
AGENDA 2Q21 Highlights CVC Corp results Brazil results Argentina results 2nd half 2021 flight plan and Q&A
Slide 18: Financial Performance (R$ M) Argentina 2Q21
Financial Argentina 2Q21 Performance (R$ M) Net Revenue Adjusted EBITDA Bookings / Boardings +68.1% vs 1Q21 25.3 due to successful sales campaign on the 21.2 16.2 largest sales event in the country's retail sector, which takes place in May. Highlight 1.5 to sales of international travels, speciall
Slide 19: Agenda 2Q21
AGENDA 2Q21 Highlights CVC Corp results Brazil results Argentina results 2nd half 2021 flight plan and Q&A
Slide 20: 2nd half 2021 Flight plan
• Fast pace on vaccination¹ and hospitalizations’ reduction: 2nd half 2021 • Brazil: 55% partial, 23% totally vaccinated • Argentina: 58% and 21%, respectively Flight plan • Loosening border restrictions for tourists with travel plans for high potential tourist destinations • Strong demand for domes
Slide 21: Q&A
Q&A To send your question to the list, please, press *1(asterisk-one). To remove your question from the list, press *2 (asterisk-two). 21