Betterware De Mexico, S.a.p.i. De C.v. · NYSE:BWMX
Betterware De Mexico, S.a.p.i. De C.v — Betterware de Mexico — Q1 2024 Earnings Presentation
9 slides from Betterware De Mexico, S.a.p.i. De C.v's earnings presentation, April 2024
Slide 1: Q1 2024 Earnings Results
BeFra QI] 2024 Earnings Results April 2024
Slide 2: Q1 2024 Highlights: Continued Growth
Q1 2024 Highlights: Continued Growth Sustained Revenue Growth. Net Revenue growth of 10.4% in the Q124. Solid EBITDA Growth. EBITDA increased by 15.4% with a 92 bps YoY EBITDA margin increase, to 21.0%. Gross margin expanded by 79 bps, primarily driven by margin improvements at Jafra Mexico. Continu
Slide 3: Q1 2024 Highlights: Betterware México
Q1 2024 Highlights: Betterware México Sustained Net Revenue strength. A second consecutive quarter of positive YoY performance, with accelerated Net revenue growth (+12.0% YoY). Strong increase in Distributor base of nearly 10% with maintained activity and average order levels. Slight Gross Margin c
Slide 4: Q1 2024 Highlights: Jafra México
Q1 2024 Highligh Jafra México Sustained Net Revenue growth. Increased 11.3% compared to Q123. Consultant base responding to the ongoing strategy, benefitting from strategic promotional activities. Solid increase in average monthly order of 9.6%, supported by a 2ll-bps and 65-bps increase in the Cons
Slide 5: Q1 2024 Highlights: Jafra US
Q1 2024 Highlights: Jafra US Sustained upward trend in monthly activity rates: Consultants and Leaders increased its monthly activity rates in QI24 by 470-bps and 717-bps, respectively. End of period Consultant base: increased by 2.5% YoY, aligned with 2024 targets. Positive trend in Color. Revenues
Slide 6: Consolidated Financial Performance Q1 2024
Consolidated Financial Performance Q1 2024 2024 Net Revenue ('000) Gross Margin 1Q2023 1Q2024 1Q2023 1Q2024 Key Highlights: * Net revenue, EBITDA and Net Income continues in positive trend because of the good performance by both brands in Mexico. * Gross margin increase attributed to margin improvem
Slide 7: Consolidated Financial Performance Q1 2024: Balance Sheet
B Consolidated Financial Performance QI 2024 ?- Balance Sheet Net Debt to EBITDA * Balance Sheet remains strong. We have deleveraged the company through the repayment of our debt form our Jafra Acquisition. * We have reduced our Net Debt to EBITDA ratio to 1.78x in the quarter, going towards our goa
Slide 8: Guidance and Capital Allocation
Consolidated Financial Performance Q1 2024 Guidance BeFra remains confident and optimistic about the remainder of the year, given the Company’s substantial achievements to date and further growth prospects. The current outlook assumes BeFra’s QI24 net revenue and EBITDA are aligned with initial fore
Slide 9: BeFra
BeFra