Ci&t Inc · NYSE:CINT
Ci&t — Q4 2024 Earnings Presentation
25 slides from Ci&t's earnings presentation, Mar 12, 2025
Slide 1: 4Q24 / FY2024
4Q24 / FY2024 investors .ciandt.com
Slide 2: We are your CI&T presenters today
Hello, We are your CI&T presenters today: Cesar Bruno Stanley Eduardo Gon Guicardi Rodrigues Galvão Founder & CEO Founder & NAE Partner, CFO IR Director President
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 that may
Slide 5: Agenda
Agenda 01 02 03 04 05 Highlights Business Our Results Q&A Cases People Driven
Slide 6: Slide 6
Slide 7: Forrester names CI&T a Leader
FORRESTER NAMES CI&TI A LEADER The Forrester Wave™: Modern Application Development Services, Q1 2025. ACCESS THE s REPORT r
Slide 8: Three Forces Shaping Our Future
THREE FORCES SHAPING OUR FUTURE Our Culture of AI as a transformative client-centric excellence and force approach performance
Slide 9: 4Q24 Financial Highlights
Net Revenue in 4Q24 R$656.5M 4Q24 +25.6% growth or +14.7% at constant currency YoY Financial Highlights Adjusted EBITDA Margin (1) Adjusted Net Profit(1) 19.5% R$78M +41.3% growth YoY (1) Adjusted EBITDA Margin and adjusted net profit are non-IFRS financial measures. See disclosure regarding Non-IFRS
Slide 10: 2024 Financial Highlights
Net Revenue in 2024 R$2,368M 2024 +6.0% growth or +1.3% at constant currency YoY Financial Highlights Adjusted EBITDA Margin (1) Cash Generated 18.7% R$467M from operating activities in 2024 (1) Adjusted EBITDA Margin is a non-IFRS financial measure. See disclosure regarding Non-IFRS measures.
Slide 11: Global Talent Network
GLOBAL TALENT NETWORK 6,907 10.7% Attrition ¹ 3.5% Leadership CI&Ters Attrition ¹ PEOPLE PLATFORM FOR GROWTH Recognized for Certified for having 25% of “Good Employability ¹ Attrition: Employee voluntary attrition excluding employees the Board of Directors Practices for Disabled with less than six m
Slide 12: Our Intern Program: 2025 AI Edition
OUR INTERN PROGRAM 2025 - AI Edition OUR AMBITION: TO DEVELOP THE FIRST GENERATION OF AI-NATIVE CODERS. “You can't put tomorrow's talent in yesterday's jobs” 10k+ 450 APPLICANTS ONBOARDED
Slide 13: Accelerated Modernization
[BRUNO] ACCELERATED MODERNIZATION AI LEGACY & APPLICATION MODERNIZATION USING GENERATIVE AI TO SPEED UP AND DE-RISK LEGACY MODERNIZATION
Slide 14: Humans + AI Makes Modernization Possible
HUMANS + AI POWERED BY UNLOCKING NEW REVENUE STREAMS MORE EFFICIENCY AI MAKES MODERNIZATION POSSIBLE MINIMIZED RISK 3X
Slide 15: Results Driven
CI&I Results driven
Slide 16: 4Q24 and FY2024 Results: Net Revenue
4Q24 and FY2024 RESULTS Net Revenue R$ Million +25.6% +6.0% 656.5 2,367.8 2,233.5 522.6 4Q23 4Q24 2023 2024 Net Revenue Growth at Constant Currency (1) +14.7% +1.3% (1) Net revenue growth at constant currency is a non-IFRS financial measure. See disclosure regarding non-IFRS measures.
Slide 17: 2024 Net Revenue Distribution
2024 NET REVENUE DISTRIBUTION NET REVENUE BY GEOGRAPHY NET REVENUE BY INDUSTRY TOP CLIENT’S NET REVENUE SHARE % OF TOTAL % OF TOTAL % OF TOTAL APAC TOP OTHERS CLIENT 4% 9% 8% LIFE SCIENCES FINANCIAL 9% SERVICES 29% LATAM NORTH OTHER CLIENTS 42% AMERICA TECH AND 44% TELECOM 59% 12% TOP 10 CLIENTS (EX
Slide 18: Consistently Nurturing Large Clients' Relationships
CONSISTENTLY NURTURING LARGE CLIENTS' RELATIONSHIPS Number of Multi-Million Accounts Revenue contribution in the last 12 months
Slide 19: 4Q24 and FY2024 Results: Adj. EBITDA
4Q24 and FY2024 RESULTS Adj. EBITDA & Adj. EBITDA Margin(1) R$ Million; % Adj. EBITDA margin 19.3% 18.7% 19.8% 19.5% 432.1 442.4 128.1 103.6 4Q23 4Q24 2023 2024 (1) Adjusted EBITDA and Adjusted EBITDA Margin are non-IFRS financial measures. We calculate Adjusted EBITDA for the periods presented as Ne
Slide 20: 4Q24 and FY2024 Results: Adj. Net Income
4Q24 and FY2024 RESULTS Adj. Net Income & Adj. Net Income Margin(1) R$ Million; % Adj. Net Income Margin 9.9% 10.2% 11.9% 10.6% 241.8 222.1 78.2 55.3 4Q23 4Q24 2023 2024 (1) Adjusted Net Profit and Adjusted Net Profit Margin are non-IFRS financial measures. We calculated Adjusted Net Profit, excluding c
Slide 21: 2024 Results: Cash Generated from Operating Activities
2024 RESULTS Cash Generated from Operating Activities R$ Million 105.5% 467.0 414.3 Operating Cash Flow /Adjusted EBITDA (1) 131.1% Free Cash Flow /Adjusted Net Income (1,2) 2023 2024 (1) Adjusted Ebitda and Adjusted Net Income are non-IFRS financial measure. See disclosure regarding Non-IFRS measure
Slide 22: The 2024 V-Shape Recovery
THE 2024 V-SHAPE RECOVERY 2023 AND 2024 QUARTERLY RESULTS Net Revenue R$ Million YEAR-OVER-YEAR GROWTH ACTUAL RESULTS
Slide 23: Business Outlook
NET REVENUE NET REVENUE GROWTH (Y-O-Y) Business For the 1Q25, For the full-year of 2025, Outlook At least: in the range of: US$110.5 M +9% to +15% a 12.6% growth in constant currency, at constant currency 4.5% growth in U.S. dollars, and 23.7% growth in BRL (y-o-y) (Avg. FX rate of 5.86 BRL/USD Adju
Slide 24: Thank You
THANK YOU. ciandt.com
Slide 25: Appendix - 4Q and FY Reconciliation of Non-IFRS measures
Appendix - 4Q and FY Reconciliation of Non-IFRS measures We calculate Net Revenue Growth at Constant Currency by translating Net Revenue from entities reporting in foreign currencies into Brazilian reais using the comparable foreign currency exchange rates from the prior period to show changes in ou