B3 Sa - Brasil, Bolsa, Balcao · BMFBOVESPA:B3SA3

B3 Sa - Brasil, Bolsa, Balcao — B3 Sa - Brasil, Bolsa, Balcao — Q3 2024 Earnings Presentation

21 slides from B3 Sa - Brasil, Bolsa, Balcao's earnings presentation, Nov 14, 2024

  1. Slide 1: 3Q24 Earnings Presentation

    3Q24 Earnings Presentation Investor Relations

  2. 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

  3. Slide 3: Highlights: Operational Performance

    Highlights Operational Performance 3Q24 3Q24/3Q23 3Q24/2Q24 Listed - Equities ADTV (R$ millions) 23,262 -2.1% -2.5% Equities Average Fee (bps) 3.348 0.000 bps -0.002 bps ADV (thousands of contracts) 3,100 -5.6% -15.5% Stock Indices Average RPC (R$) 0.962 0.4% 1.4% ADV (thousands of contracts) 7,144

  4. Slide 4: Highlights: Financial Performance

    Highlights Financial Performance (R$ million) 3Q24 3Q24/3Q23 3Q24/2Q24 Total Revenues 2,711.4 8.9% -0.6% Listed 1,599.7 7.4% 1.5% OTC 432.6 15.0% 1.6% Infrastructure for financing 132.9 12.4% -12.0% Technology, data and services 546.8 10.4% 3.7% Reversal of provisions (0.7) - - Net Revenues 2,435.9

  5. Slide 5: Diversified Business Model

    Diversified Business Model Despite the still challenging environment for the cash equities market, the Company’s total revenue has shown resilient behavior, supported by multiple growth drivers Company’s Quarterly Revenue (in R$ million) 2.800 16,00 CAGR¹ 14,00 12% 2.400 12,00 2.000 79% 79% 79% 78%

  6. Slide 6: Listed Equities

    LISTED - Cash Equities and Equity Instruments | 34% of total revenues Listed Equities Results 3Q24 Revenue distribution (R$ million) HIGHLIGHTS 3Q24 / 3Q23: Increase in trading and post-trading revenue explained by two 3Q24 (R$ million) Δ 3Q23 Δ 2Q24 additional trading days compared to 3Q23, given t

  7. Slide 7: Interest Rates, FX and Commodities

    LISTED DERIVATIVES | 25% of total revenues Interest Rates, FX and Commodities Results 3Q24 Revenue distribution (R$ million) HIGHLIGHTS 3Q24 / 3Q23: Increase of 16% in segment revenues, mainly reflecting a volume 3Q24 (R$ million) Δ 3Q23 Δ 2Q24 growth in all contracts, except Commodities. Highlight

  8. Slide 8: OTC

    OTC | 16% of total revenues OTC Results 3Q24 Revenue distribution (R$ million) HIGHLIGHTS 3Q24 / 3Q23: 3Q24 (R$ million) Δ 3Q23 Δ 2Q24 Fixed income instruments Increase of 15% in revenue: 433 +15% +2% i) Growth of 29% in the issuances of bank funding instruments; 426 433 ii) Growth in revenue from d

  9. Slide 9: Infrastructure for Financing

    INFRASTRUCTURE FOR FINANCING | 5% of total revenues Infrastructure for Financing Results 3Q24 Revenue distribution (R$ million) HIGHLIGHTS 3Q24 / 3Q23: Increase of 12%, driven mainly by a 20% growth in the number of 3Q24 (R$ million) Δ 3Q23 Δ 2Q24 financed vehicles. Compared to 2Q24, the 12% decreas

  10. Slide 10: Technology, Data and Services

    TECHNOLOGY, DATA AND SERVICES | 20% of total revenues Technology, Data and Services Results 3Q24 Revenue distribution (R$ million) HIGHLIGHTS 3Q24 / 3Q23: Increase of 10% in segment revenue, explained by: 3Q24 (R$ million) Δ 3Q23 Δ 2Q24 547 +10% +4% i) Growth of 7% in the average number of customers

  11. Slide 11: Adjusted Expenses (R$ million)

    Adjusted Expenses1 (R$ million) Adjusted personnel2 Data processing Third-party services Others3 (+8.0%): annual adjustment of (+20.1%): intensification of cloud (+64.6%): non-recurring (+18.8%) salaries and medical assistance technology usage; acceleration in consultancy expenses in 3Q24 project de

  12. Slide 12: Total Expenses (R$ million)

    Total Expenses (R$ million) Personnel and charges Data processing Depreciation and Revenue-linked Others1 (+8.1%): annual (+20.1%): intensification of amortization expenses (-37.1%): provisions related to adjustment of salaries and cloud technology usage; (-64.6%): End of amortization (+44.0%): high

  13. Slide 13: Financial Leverage and Debt Schedule

    Financial Leverage and Debt Schedule Debt Amortization Schedule (R$ billion) Financial Highlights 12,9 11,4 Cash and Financial Investments (R$ million) 5.410 893 4.516 16,568 11.159 3Q24 1,6 6.284 838 5.446 16,881 10.597 2Q24 Short-term Long-term Total Debt Cetip Lux Loan Bond Debentures 6.494 1.091

  14. Slide 14: Financial Highlights: Cash Generation and Destination

    Financial Highlights Cash Destination – 9M24 (R$ million) Cash Generation (R$ million) R$ million 9M24 9M23 Adj. net cash from operating activities¹ 3,398 3,217 Net cash from investment activities² (19) 15 Net cash from financing activities before (2,499) (984) distributions³ Cash generation (before

  15. Slide 15: Appendix

    Appendix

  16. Slide 16: Financial Statements: Adjusted Expenses

    Financial Statements Adjusted Expenses (In R$ millions) 3Q24 3Q23 3Q24/3Q23 2Q24 3Q24/2Q24 Expenses (831.1) (902.2) -7.9% (729.1) 14.0% (+) Depreciation and amortization 99.7 281.6 -64.6% 88.8 12.3% (+) Long-term stock-based compensation 45.1 41.6 8.3% 35.3 27.8% (+) Provisions (recurring and non-re

  17. Slide 17: Financial Statements: Recurring EBITDA and Net Income

    Financial Statements Recurring EBITDA (In R$ millions) 3Q24 3Q23 3Q24/3Q23 2Q24 3Q24/2Q24 EBITDA 1,704.6 1,627.6 4.7% 1,816.8 -6.2% (+) Other non-recurring revenues - (10.9) - - - (+) Other non-recurring expenses (income) 1.7 1.0 - (4.4) - (-) Reversal of provisions - - - (43.2) - Recurring EBITDA 1

  18. Slide 18: Return to Shareholders

    Return to Shareholders Strategy to return most of the Company’s cash generation Return to Shareholders (R$ million and % of net income) 14% 21% 57% 50% 5% 86% 79% 64% 95% 43% 50% 36% % IoC & Dividends % Buybacks

  19. Slide 19: Active Share Buyback Program

    Active Share Buyback Program Since 2019, the Company has repurchased around 13% of its capital and canceled 751 million shares Shares issued, held in treasury, and canceled (in millions of shares, except the EPS) Cancellation Cancellation Cancellation Mar/21: Mar/22: Apr/23: (51) (27) (280) Cancella

  20. Slide 20: Capital structure

    [B] Capital structure Avg. Spread DI Rate - Debentures 2.09% 2020 2021 2022 2023 1Q24 2Q24 3Q24 Gross Debt & Financial Leverage 2.2% 2.2% 2.0x 2.0x 2.0x 1.8x 2020 2021 2022 2023 1124 2124 3124 WN Gross Debt (RS bn) ~=——Financial Leverage mcCDI Gross Debt Exposure (3Q24) mBond 2031 - 4.125% av. ™B3 I

  21. Slide 21: Thank you

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