B3 Sa - Brasil, Bolsa, Balcao · BMFBOVESPA:B3SA3
B3 Sa - Brasil, Bolsa, Balcao — B3 Sa - Brasil, Bolsa, Balcao — Q2 2023 Earnings Presentation
17 slides from B3 Sa - Brasil, Bolsa, Balcao's earnings presentation, Aug 11, 2023
Slide 1: 2Q23 Earnings Presentation
2Q23 Earnings Presentation Investor Relations
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain certain statements that express the management’s expectations, beliefs and assumptions about future events or results. Such statements are not historical fact, being based on currently available competitive, financial and economic data, and on
Slide 3: Highlights: Operational Performance
Highlights Operational Performance 2Q23 2Q23 / 2Q22 2Q23 / 1Q23 Listed - Equities ADTV (R$ millions) 26,881 -6.7% 6.7% Equities Average Fee (bps) 3.300 -0.060 bps 0.027 bps ADV (thousands of contracts) 3,109 -9.0% -4.7% Stock Indices Average RPC (R$) 0.979 6.9% 0.4% ADV (thousands of contracts) 6,43
Slide 4: Highlights: Financial Performance
Highlights Financial Performance (R$ million) 2Q23 2Q23 / 2Q22 2Q23 / 1Q23 Total Revenues 2,477.1 -0.4% 0.7% Listed 1,523.8 -5.9% -1.0% OTC 365.4 14.5% 4.5% Infrastructure for financing 112.8 1.9% 1.9% Technology, data and services 473.3 8.0% 2.6% Net Revenues 2,230.2 -0.5% 0.9% Expenses -859.0 2.0%
Slide 5: Listed Equities (1 of 2)
LISTED EQUITIES | 37% of total revenues Listed Equities (1 of 2) Results 2Q23 Revenue distribution (R$ million) HIGHLIGHTS 2Q23 / 2Q22: Decline in trading and post-trading revenues reflects lower 2Q23 (R$ million) Δ 2Q22 Δ 1Q23 trading volume and margins in the cash equities market 927 -11% +1% Desp
Slide 6: Listed Equities (2 of 2)
LISTED EQUITIES Listed Equities (2 of 2) Results 2Q23 Equities Depository Breakdown HIGHLIGHTS 2Q23 / 2Q22: (R$ billion) Decrease of 4.9% in the balance of the variable income depository, explained by the lower market value of the companies Investor’s Share of Cash Equities ADTV
Slide 7: Interest rates, FX and Commodities
LISTED DERIVATIVES | 24% of total revenues Interest rates, FX and Commodities Results 2Q23 Revenue distribution (R$ million) HIGHLIGHTS 2Q23 / 2Q22: 4.3% increase in segment revenues, mainly reflecting an 2Q23 (R$ million) Δ 2Q22 Δ 1Q23 increase in volumes of Interest Rate in BRL derivative 597 +4%
Slide 8: OTC
OTC | 15% of total revenues OTC Results 2Q23 Revenue distribution (R$ million) HIGHLIGHTS 2Q23 / 2Q22: Fixed income instruments 2Q23 (R$ million) Δ 2Q22 Δ 1Q23 15.9% increase in revenue: 365 +15% +5% i) growth of 10.3% in the registration of bank funding instruments and 11.9% in the average outstand
Slide 9: Infrastructure for Financing
INFRASTRUCTURE FOR FINANCING | 5% of total revenues Infrastructure for Financing Results 2Q23 Revenue distribution (R$ million) HIGHLIGHTS 2Q23 / 2Q22: Increase of 7.1%, reflecting an improvement in this market 2Q23 (R$ million) Δ 2Q22 Δ 1Q23 mainly due to the growth in motorcycle sales and financin
Slide 10: Technology, Data and Services
TECHNOLOGY, DATA AND SERVICES | 19% of total revenues Technology, Data and Services Results 2Q23 Revenue distribution (R$ million) HIGHLIGHTS 2Q23 / 2Q22: Increase of 8.0% in segment revenue. explained by: 2Q23 (R$ million) Δ 2Q22 Δ 1Q23 i) growth of 14.6% reflecting both the increase in the 475 +8%
Slide 11: Adjusted Expenses (R$ million)
Adjusted Expenses1 (R$ million) Adjusted personnel² Data processing Third-party services Others³ (+3,2%): annual adjustment of (-3.1%): lower expenses with (-57.6%): lower use of external (-25.8%) salaries and consolidation of projects, partially offset by the labor, a reflection of the Neurotech, p
Slide 12: Financial Highlights: Leverage and Debt Schedule
Financial Leverage and Debt Schedule Debt Amortization Schedule (R$ billion) Financial Highlights Cash and Financial Investments (R$ million) 16,565 2Q23 17,529 1Q23 21,073 2Q22 Debt | Amount Maturity Cetip Lux | US$150 mi Sep/23 and Aug/24 Third-party Total Restricted and Debenture 2nd issue | R$1.
Slide 13: Financial Highlights: Cash Generation and Destination
Financial Highlights Cash Destination – 6M23 (R$ million) Cash Generation (R$ million) R$ million 6M23 6M22 Adj. net cash from operating activities¹ 2,964 3,278 1,982 (713) Net cash from investment activities² 2 (44) 1,269 (1,005) Net cash from financing activities before (984) (1,912) distributions
Slide 14: Appendix
Appendix
Slide 15: Financial Statements: Adjusted Expenses
Financial Statements Adjusted Expenses (In R$ millions) 2Q23 2Q22 2Q23/2Q22 (%) 1Q23 2Q23/1Q23 (%) Expenses (859.0) (842.5) 2.0% (851.8) 0.8% (+) Depreciation and amortization 268.9 266.0 1.1% 259.6 3.6% (+) Long-term stock-based compensation 35.6 42.0 -15.1% 44.6 -20.1% (+) Provisions (recurring an
Slide 16: Financial Statements: Recurring EBITDA and Net Income
Financial Statements Recurring EBITDA (In R$ millions) 2Q23 2Q22 2Q23/2Q22 (%) 1Q23 2Q23/1Q23 (%) EBITDA 1,640.2 1,665.1 1,617.1 -1.5% 1.4% (+) Other non-recurring expenses (11.4) - - - - (+) M&A expenses 3.2 3.2 -1.8% 5.0 -36.9% Recurring EBITDA 1,632.0 1,668.3 -2.2% 1,622.1 0.6% Recurring EBITDA m
Slide 17: TKS!
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