B3 Sa - Brasil, Bolsa, Balcao · BMFBOVESPA:B3SA3
B3 Sa - Brasil, Bolsa, Balcao — B3 Sa - Brasil, Bolsa, Balcao — Q2 2024 Earnings Presentation
18 slides from B3 Sa - Brasil, Bolsa, Balcao's earnings presentation, Aug 9, 2024
Slide 1: 2Q24 Earnings Presentation
2Q24 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 2Q24 2Q24/2Q23 2Q24/1Q24 Listed - Equities ADTV (R$ millions) 23,869 -11.2% 1.2% Equities Average Fee (bps) 3.350 0.050 bps -0.032 bps ADV (thousands of contracts) 3,666 17.9% 15.4% Stock Indices Average RPC (R$) 0.948 -3.2% -0.9% ADV (thousands of contracts) 8,198
Slide 4: Highlights: Financial Performance
Highlights Financial Performance (R$ million) 2Q24 2Q24/2Q23 2Q24/1Q24 Total Revenues 2,727.2 10.1% 10.6% Listed 1,575.6 3.4% 12.6% OTC 425.7 16.5% 7.6% Infrastructure for financing 151.0 33.9% 2.0% Technology, data and services 527.5 11.5% 3.5% Reversal of provisions 47.4 2,432.9% 239.1% Net Revenu
Slide 5: Listed Equities (1/2)
LISTED - Cash Equities and Equity Instruments | 34% of total revenues Listed Equities (1/2) Results 2Q24 Revenue distribution (R$ million) HIGHLIGHTS 2Q24 / 2Q23: Reduction of trading and post-trading revenue reflecting lower 2Q24 (R$ million) Δ 2Q23 Δ 1Q24 traded volume in the period, offset by ind
Slide 6: Listed Equities (2/2)
LISTED - Cash Equities and Equity Instruments Listed Equities (2/2) Results 2Q24 Average Outstanding Position in the Equities Depository HIGHLIGHTS 2Q24 / 2Q23: (R$ billion) 3,053 Increase of 8.6% of the position outstanding in the equities 2,927 depository, due to the higher companies’ market cap 2
Slide 7: Interest Rates, FX and Commodities
LISTED DERIVATIVES | 24% of total revenues Interest Rates, FX and Commodities Results 2Q24 Revenue distribution (R$ million) HIGHLIGHTS 2Q24 / 2Q23: Increase of 10% in segment revenues, mainly reflecting: 2Q24 (R$ million) Δ 2Q23 Δ 1Q24 (i) Volume growth in all contracts, except Commodities; 659 +10
Slide 8: OTC
OTC | 16% of total revenues OTC Results 2Q24 Revenue distribution (R$ million) HIGHLIGHTS 2Q24 / 2Q23: 2Q24 (R$ million) Δ 2Q23 Δ 1Q24 Fixed income instruments Increase of 17% in revenue: 426 +17% +8% i) Growth of 26% in the issuances of bank funding instruments; 426 ii) Growth in revenue from deben
Slide 9: Infrastructure for Financing
INFRASTRUCTURE FOR FINANCING | 6% of total revenues Infrastructure for Financing Results 2Q24 Revenue distribution (R$ million) HIGHLIGHTS 2Q24 / 2Q23: Increase of 34%, driven mainly by revenues from the Desenrola 2Q24 (R$ million) Δ 2Q23 Δ 1Q24 program platform 151 +34% +2% The number of vehicles s
Slide 10: Technology, Data and Services
TECHNOLOGY, DATA AND SERVICES | 19% of total revenues Technology, Data and Services Results 2Q24 Revenue distribution (R$ million) HIGHLIGHTS 2Q24 / 2Q23: Increase of 11% in segment revenue, explained by: 2Q24 (R$ million) Δ 2Q23 Δ 1Q24 528 +11% +3% i) Growth of 7% in the average number of customers
Slide 11: Adjusted Expenses (R$ million)
Adjusted Expenses1 (R$ million) Adjusted personnel2 Data processing Third-party services Others3 (+7.9%): annual adjustment of (+18.2%): Operation of Desenrola (+66.4%): non-recurring (+7.5%) salaries and medical assistance, program platform, in addition to consultancy expenses in 2Q23 and consolida
Slide 12: Total Expenses (R$ million)
Total Expenses (R$ million) Personnel and charges Data processing Depreciation and Revenue-linked Others1 (+6.9%): annual (+18.2%): Operation of amortization expenses (-3.5%): provisions related to adjustment of salaries and Desenrola program platform, (-67.0%): End of amortization (+13.3%): higher
Slide 13: Financial Highlights: Financial Leverage and Debt Schedule
Financial Leverage and Debt Schedule Debt Amortization Schedule (R$ billion) Financial Highlights 12.8 10.9 Cash and Financial Investments (R$ million) 6,284 838 5,446 16,881 10,597 2Q24 1.9 5,384 1,142 4,242 18,683 13,299 1Q24 Short-term Long-term Total Debt Cetip Lux Loan Bond Debentures Debt | Am
Slide 14: Financial Highlights: Cash Generation and Destination
Financial Highlights Cash Destination – 6M24 (R$ million) Cash Generation (R$ million) R$ million 6M24 6M23 Adj. net cash from operating activities¹ 3,063 3,102 Net cash from investment activities² 8 2 Net cash from financing activities before (2,499) (984) distributions³ Cash generation (before 572
Slide 15: Appendix
Appendix
Slide 16: Financial Statements: Adjusted Expenses
Financial Statements Adjusted Expenses (In R$ millions) 2Q24 2Q23 2Q24/2Q23 1Q24 2Q24/1Q24 Expenses (729.1) (859.0) -15.1% (927.1) -21.4% (+) Depreciation and amortization 88.8 268.9 -67.0% 279.9 -68.3% (+) Long-term stock-based compensation 35.3 35.6 -0.9% 51.8 -31.8% (+) Provisions (recurring and
Slide 17: Financial Statements: Recurring EBITDA and Net Income
Financial Statements Recurring EBITDA (In R$ millions) 2Q24 2Q23 2Q24/2Q23 1Q24 2Q24/1Q24 EBITDA 1,816.8 1,640.2 10.8% 1,574.2 15.4% (+) Other non-recurring revenues - (11.4) - - - (+) Other non-recurring expenses (income) (4.4) - - 13.2 - (+) M&A expenses - 3.2 - - - (-) Reversal of provisions (43.
Slide 18: TKS!
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