Slide 1: 3Q21 Results Presentation
3Q21 RESULTS PRESENTATION NOVEMBER 16TH, 2021
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: Agenda 3Q21
AGENDA 3Q21 Highlights CVC Corp results Brazil results Argentina results Flight Plan for the 4th quarter and Q&A
Slide 4: 3Q21: trip summary
• Bookings +75% vs 2Q21 (64% of 2019); 3Q21: trip summary • Boardings +87% vs 2Q21 – 2.45 millions of passengers; • Take Rate +0.6 bps vs 2T21 – improvement in B2C boardings and better B2B take rate; In order to allow better monitoring of the sector's • Net Revenue + 99% due to more boardings and be
Slide 5: B2C and B2B highlights
B2C B2B ▪ Net Revenue +230% 3Q21 vs 2Q21; ▪ Bookings +95% 3Q21 vs 2Q21 with ▪ Boardings increased in domestic market strong growth close to 2019 levels, international resumption at the end of the quarter; ▪ 7 thousand travel agencies served/ month; ▪ Evolution in strategic initiatives and omnichanne
Slide 6: Strategic Initiatives and Digital Evolution
Strategic Initiatives and Digital Evolution Sustainability Technology ▪ Mobile Check-in on the CVC App; Creation of an internal culture focused on diversity ▪ VHC Home Rentals on CVC.com; ▪ Accessories Market Place in App. ▪ Learning trail for employees; ▪ Integration of transfer on packages; ▪ 1st
Slide 7: Opening of the new CVC Store
Opening of the new CVC Store New concept store opened on October 19 New design Focus on customer preferences Multifunctional Network conversion advances rapidly over the next 2 years. Shopping Cidade São Paulo, on Av. Paulista. In line with the REprograma, the new store has different features Free W
Slide 8: Recognition
Recognition CVC, for the 11th consecutive year, is elected the Brazil TOP OF MIND travel agency. CVC was elected by Estadão as “Marca Mais” (Better brand) company in Brazil in the segment of Franchises and Travel. 8
Slide 9: Recovery of Domestic and International Tourism
Recovery of Domestic and International Tourism Bookings Brazil - R$ million Bokings - Brazil, by destination - R$ million % vs same period of 2019 64% 89% 79% 58% 92% 56% 87% 87% 33% 61% 72% 39% 37% 58% 11% 7% 16% 2.557 30% 44% 2,557 30% 25% 599 1.520 1.461 1,520 1,461 961 243 1.208 1,208 771 825 32
Slide 10: Agenda 3Q21
AGENDA 3Q21 Highlights CVC Corp results Brazil results Argentina results Flight Plan for the 4th quarter and Q&A
Slide 11: Financial Performance CVC Corp 3Q21 (R$ M)
Financial CVC Corp 3Q21 Performance (R$ M) Net Revenue Adjusted EBITDA ▪ Boardings +127% in Brazil vs 2Q21, with less pre-pandemic sales; 230.4 162.8 165.9 ▪ Net Revenue R$ 230 M (+99% vs 2Q21); 115.5 ▪ Take rate +0.6bps vs 2Q21 affected by exclusive products and recent sales; 4Q20 1Q21 2Q21 3Q21 4Q
Slide 12: Financial management
Financial management Summary Cash Flow R$ Million 9M21 9M20 Profit for the period (340.9) (1,619.3) • Capital increase, in 3Q21, of R$ 454.2 million, of which R$ 200.6 million was allocated to debt Non-cash item adjustments 125.3 1,432.0 payments; (Increase)/decrease in working capital (120.1) 1,429
Slide 13: Financing source
Financing source Indebtedness - R$ million • Lower gross debt and net debt in the last 4 quarters; 1.639 • Increase of rating corporate credit, by S&P 155 1.312 1.302 (to BrBB, on Aug 19); 131 115 1.110 116 • Better operating conditions and greater visibility of sales and the sector's recovery 1.484
Slide 14: Agenda 3Q21
AGENDA 3Q21 Highlights CVC Corp results Brazil results Argentina results Flight Plan for the 4th quarter and Q&A
Slide 15: Financial Performance CVC Brazil 3Q21 (R$ M)
Financial CVC Brazil 3Q21 Performance (R$ M) Net Revenue Adjusted EBITDA ▪ Boardings +82.8% in B2C and +94.2% in B2B, vs 2Q21, due to the vacation period 204.7 in July, recovery of travels by to minor 141.6 149.7 restrictions on passenger circulation; 90.2 ▪ Take rate +1.5 bps vs 2Q21 to 9.2%, with
Slide 16: CVC Brasil: Net Revenue and take rate
CVC Brasil: Net Revenue and take rate Net Revenue, in R$ million Take rate and Average Ticket (R$) Take Rate 4Q20 1Q21 2Q21 3Q21 97% 79% 49% 31% B2C 12.2% 14.9% 7.3% 13.2% 19% B2B 6.4% 8.3% 7.9% 6.1% 18% 17% 9% 203 Brazil 9.4% 11.9% 7.6% 9.2% 142 150 35 22 Average Ticket 19 90 912 19 168 745 772 795
Slide 17: Agenda 3Q21
AGENDA 3Q21 Highlights CVC Corp results Brazil results Argentina results Flight Plan for the 4th quarter and Q&A
Slide 18: Argentina 3Q21 Financial Performance
Financial Performance Argentina 3Q21 (R$ M) Net Revenue Adjusted EBITDA 25.3 25.6 ▪ Bookings +71% vs 2Q21, due to sale 21.2 action and government incentives for 16.2 domestic tourism; ▪ Take Rate reduced by 4.9 p.p. 1.5 impacted by the product mix, due to 4Q20 1Q21 2Q21 3Q21 4Q20 1Q21 2Q21 2Q21 3Q21
Slide 19: Agenda 3Q21
AGENDA 3Q21 Highlights CVC Corp results Brazil results Argentina results Flight Plan for the 4th quarter and Q&A
Slide 20: 4th quarter Flight plan
4th quarter • Fast Pace in vaccination¹, 75% of the population Flight plan with at least one dose in Brazil; Argentina 77%; • Strong decline in hospitalization and death², with reduction of 69% (Brazil) and 93% (Argentina) deaths between July and October; • Flexibility of entry restrictions in count
Slide 21: Q&A
Q&A To send your question to the list, please, press *1(asterisk-one). To remove your question from the list, press *2 (asterisk-two). 21