Ci&t Inc · NYSE:CINT
Ci&t — Q1 2023 Earnings Presentation
19 slides from Ci&t's earnings presentation, May 19, 2023
Slide 1: 28 Years Make Their Tomorrow
GLOBAL DIGITAL SPECIALISTS 28 YEARS MAKE THEIR TOMORROW
Slide 2: Today's Speakers
TODAY'S SPEAKERS Cesar Gon Bruno Guicardi Stanley Eduardo Galvão Founder & CEO Founder & NAE President Rodrigues IR Director Partner, CFO
Slide 3: Q&A Session
Q&A SESSION Submit your question via email to INVESTORS@CIANDT.COM investors.ciandt.com
Slide 4: Safe Harbor and Non-IFRS Measures
SAFE HARBOR AND NON-IFRS MEASURES FORWARD-LOOKING STATEMENTS This presentation includes "forward-looking statements" within the meaning of the "safe harbor"provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are st
Slide 5: Appendix - 1Q23 Reconciliation of Non-IFRS measures
Appendix - 1Q23 Reconciliation of Non-IFRS measures In calculating Adjusted Gross Profit, we exclude cost components that are not related to the direct management of our services. For the periods herein, the adjustments applied were: (i) depreciation and amortization related to costs of services pro
Slide 6: Agenda
AGENDA BUSINESS OUR RESULTS HIGHLIGHTS CASES Q&A PEOPLE DRIVEN
Slide 7: Software is eating the world, and AI is changing the menu
SOFTWARE IS EATING THE WORLD, AND AI IS CHANGING THE MENU An Artificial Intelligence's Odyssey through Ethical Challenges and Societal Transformation MIT Sloan Management Review Prompt for MidJourney: Create a digital artwork inspired by Edvard Munch's The Scream painting, retaining the toverall com
Slide 8: 1Q23 Financial Highlights
1Q23 FINANCIAL HIGHLIGHTS 1. SUPERIOR GROWTH PROFILE 2. STRONG PROFITABILITY & CASH GENERATION 24% Net Revenue Growth in 1Q23 over 19.1% Adjusted EBITDA Margin(1) 1Q22 (or 24.3% at Constant Currency(1)) 11.0% Adjusted Net Profit Margin(1) 180 Clients Contributing R$1M+ R$ 116M Cash Generated from Re
Slide 9: Clients Stories News Highlights
CLIENTS STORIES NEWS HIGHLIGHTS Click to know more Click to know more Click to know more Click on the links to know more
Slide 10: People Platform for Growth
PEOPLE PLATFORM FOR GROWTH CI&Ters +1% +71% 6,435 6,522 Recognized for “Good Employability Practices for Disabled Workers” at the UN 3,761 4,6 In Diversity 4,7 and Inclusion 1Q23 1Q21 1Q22
Slide 11: Think Global, Act Local
United Canada Kingdom Netherlands Ireland Germany France Switzerland USA Portugal Egypt China Japan Dominican Republic THINK Mexico Puerto Rico Costa Rica GLOBAL, Colombia ACT LOCAL Nigeria Brazil Peru Prisma Australia Global competence centers Uruguay Spot Chile Near-the-customer centers Argentina
Slide 12: Results Driven
RESULTS DRIVEN DRIVEN BY IMPACT
Slide 13: 1Q23 Results • Resilient Top-Line Growth
1Q23 RESULTS • RESILIENT TOP-LINE GROWTH Net Revenue R$ Million +24% 610.0 491.9 Net Revenue Growth at Constant Currency(1) 24% 1Q22 1Q23 Note: net revenue growth at constant currency is a non-IFRS financial measures. Please refer to the appendix for the reconciliation tables of non-IFRS measures.
Slide 14: Blue Chip Client Base Across Regions & Industries
BLUE CHIP CLIENT BASE ACROSS REGIONS & INDUSTRIES NET REVENUE BREAKDOWN 1Q23 NET REVENUE BY GEOGRAPHY NET REVENUE BY INDUSTRY TOP CLIENT’S NET REVENUE SHARE % OF TOTAL % OF TOTAL % OF TOTAL APJ TOP 5% OTHERS CLIENT 9% 11% LIFE FINANCIAL SCIENCES SERVICES 10% 29% LATAM NORTH AMERICA RETAIL AND OTHER
Slide 15: Growth Engine: Consistently Expanding Client Relationships
GROWTH ENGINE: CONSISTENTLY EXPANDING CLIENT RELATIONSHIPS Number of Multi-million Accounts (cumulative) 126% 123% Net Revenue Retention Rate in 2022(1) Average Net Revenue Retention Rate L5Y(2) 2018 2021 2022 Notes: (1) Percentage of recurring revenue retained from customers (2) Average in the last
Slide 16: 1Q23 Results • Resilient Profitability Metrics
1Q23 RESULTS • RESILIENT PROFITABILITY METRICS Adj. EBITDA & Adj. EBITDA Margin(1) R$ Million; % 19.1% 17.2% +37.9% 116.5 84.5 1Q22 1Q23 Note: Adjusted EBITDA & Adjusted EBITDA margin are non-IFRS financial measures. Please refer to the appendix for the reconciliation tables of non-IFRS measures.
Slide 17: 1Q23 Results • Resilient Profitability Metrics
1Q23 RESULTS • RESILIENT PROFITABILITY METRICS Adj. Net Income & Adj. Net Income Margin(1) R$ Million; % 11% 8% +70.0% 67.2 39.5 1Q22 1Q23 Note: Adjusted Net Profit & Adjusted Net Profit Margin are non-IFRS financial measures. Please refer to the appendix for the reconciliation tables of non-IFRS me
Slide 18: Business Outlook
FX NEUTRAL NET NET REVENUE REVENUE GROWTH (Y-O-Y) For the full-year 2023, For 2Q23, at least: in the range of: Business R$570 million 13% to 17% Outlook 9% growth y-o-y Adjusted EBITDA margin(1) compared to R$525 million in 2Q22 of at least 19% Notes: These estimates are forward-looking statement. S
Slide 19: Make Their Tomorrow - Thank You
MAKE THEIR TOMORROW THANK YOU x GLOBAL DIGITAL SPECIALISTS