Slide 1: Results Presentation – 3Q23
Results Presentation – 3Q23 November 6th, 2023
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 results in the future, performance and events. These prospects include future results that may be affec
Slide 3: 3Q23 Highlights
Destaques 3Q23 do 3T23 - Highlights Net Revenue increased 11.3% in 3Q23, increase of 160 bps in the consolidated take rate Mix improvement, with 10% growth in sales in B2C Brazil and 360 bps increase in take rate vs 3Q22 Increase in same-store-sales +21% Reduction of 23% in G&A vs 3Q22 Inc
Slide 4: Governance and Shareholders
Governance and Shareholders Board of Directors Ownership Breakdown (%) Valdecyr Gomes (Chairman/Independent) 11.6% 6.8% Opportunity Rodrigo Silva Marvão GJP Flavio Menezes 5.0% (Independent) Opportunity (Independent) Absolute Patria Free float 76.6% Felipe Gomes (Independent) Mateus Bandeira Mar Cap
Slide 5: Management Team
Management Team FABIO GODINHO CEO Business Support to the Corporate Units Business Departments CVC Products and Technology CVC EXPERIMENTO VISUAL REXTURADVANCE TREND CCO and CSC ARGENTINA Pricing Finance, IR, Governance, Compliance and People CARLOS WOLLENWEBER FABIO MADER RICARDO PAULO PALAIA EMERS
Slide 6: 3Q23 Operating and Financial Results
3Q23 Operating and Financial Results 6
Slide 7: Operations Performance: Brazil – B2C
Operations Performance Share 3Q23 CVC Corp Brazil – B2C Bookings 36% Boardings 38% Net Revenue +17.2% 58% 3,977.3 3,392.6 +10.0% Net Revenue (R$ million) and Take Rate (%) Bookings 1,222.8 1,345.0 800.0 14.7% 16.0% 700.0 12.8% 12.7% 14.0% 3T22 3Q22 3T23 3Q23 9M22 9M23 600.0 11.1% 12.0% +4.1% 470.6 4
Slide 8: Operations Performance: Brazil – B2B
Operations Performance Share 3Q23 CVC Corp Brazil – B2B Bookings Boardings Net Revenue +2.4% 23% 38% 37% 4,379.2 4,485.6 -7.2% Net Revenue (R$ million) and Take Rate (%) Bookings 1,525.2 1,415.2 800.0 10.0% 9.0% 700.0 8.0% 3T22 3Q22 3T23 3Q23 9M22 9M23 600.0 7.0% R$ million 6.1% 500.0 5.8% 5.4% 5.4%
Slide 9: Operations Performance: Argentina
Operations Performance Share 3Q23 CVC Corp Argentina Bookings 27% Boardings Net Revenue 19% +16.3% 25% 3,158.0 2,715.3 -15.4% Net Revenue (R$ million) and Take Rate (%) Bookings 800.0 10.0% 1,182.4 1,000.5 9.0% 700.0 7.2% 7.2% 8.0% 600.0 7.1% 6.7% 7.0% 3Q22 3T22 3Q23 3T23 9M22 9M23 500.0 6.0% R$ mil
Slide 10: Operating and Financial Performance
Operating and Financial Performance Net Revenue and Take Rate (%) Adjusted EBITDA R$ million Adjusted Ebitda Margin 1,500.0 9.6% 10.0% R$ million and % 8.0% 8.4% 8.2% 9.0% 250.0 30.0% 1,300.0 8.0% 25.6% 1,100.0 25.0% 900.2 940.6 7.0% 200.0 21.2% 900.0 6.0% 20.0% 700.0 +11.3% 5.0% 150.0 500.0 4.0% 11
Slide 11: Cash, Debentures Amortization Schedule and Warrants
Debentures amortization schedule R$ milion R$ million Cash 3Q23 Cash Balance 646.1 (-) Adjusted Ebitda 96.0 317 317 (-) Reduction in receivables prepayment (258.9) 222 71 (+) Increase in Accounts Receivable (166.3) Caixa 09/30/2023 2024 2025 2026 (-) Debentures Payment (75.0) Composition of the Incr
Slide 12: Business Dynamics
Business Dynamics Price Digital Physical (Online) (B&M) B2B B2C + yield + load factor = + RASK* ADVP 12 *Revenue per Available Seat-Kilometer
Slide 13: Marketing Strategy
Marketing Strategy Offline* 30 million people reached Online + 300 million impacted *Data from September 13
Slide 14: Technology: Chat CVC and Fastzap
Tecnology Fastzap Chat CVC Service Management Platform that integrates the store's WhatsApp service into a single platform AI tool integrated with the Atlas platform Offers the best product, at the right time and within the customer’s financial capacity Hybrid service (human interaction combined
Slide 15: Flight Plan 4Q23/2024
Flight Plan 4Q23/2024 Disciplined Growth Strategy, Focused on Efficiency and Profitability Exclusive Products Improve the Mix and Increase in Take Rate Greater competitive advantage Improve the product mix by prioritizing the most profitable Lower working capital ones and with less need for working
Slide 16: O futuro é promissor
Poll O futuro é promissor Travel is an aspiration and part of O setor de viagens e turismo deverá representar “consume dream”. 7,8% do PIBWhat's nacional, yours? e impacta de forma direta e indireta mais de 500 atividades econômicas. 61% O turismo 60% 54% foi o setor que mais contribui para a alta d
Slide 17: Poll: CVC Viagens
Poll Tourism companies that are most remembered by consumers? This research was carried out from 17th to 20th of July CVC Viagens 52% this year, and mapped the consumption habits and Company 2 8.2% trends of Brazilians regarding the tourism activities. Company 3 6.0% 1,000 people who lives in Brazil
Slide 18: Q&A
Q&A To ask a question, please type *1 (asterisk-one). To remove the question from the list, type *2 (asterisk-two). 18
Slide 19: SOMOS CVC Corp
SOMOS CVC CORP © win CVC corp