Cvc Limited · ASX:CVC
Cvc — Q3 2024 Earnings Presentation
15 slides from Cvc's earnings presentation, Nov 13, 2024
Slide 1: Earnings Conference Call 3Q24
Earnings Conference Call 3Q24 Presented by: Fábio Godinho & Felipe Gomes
Slide 2: Disclaimer
Earnings Conference Call – 3Q24 Disclaimer Some of the statements contained herein are based on Company Management's current assumptions and outlooks, which may cause material variations between operating results, performance, and future events. These outlooks include future results that may be infl
Slide 3: Financial and Operating Highlights – 3Q24
Financial and Operating Highlights – 3Q24 Growth ▪ 90 stores opened in 3Q24, and 191 stores opened in 9M24; ▪ Confirmed Bookings - B2C +10% 3Q24 vs. 3Q23 and B2B returning to growth. Profitability ▪ R$125 million of EBITDA¹ (+29% 3Q24 vs. 3Q23) and R$281 million (+161% 9M24 vs. 9M23): ❑ 60% increase
Slide 4: Stores Opening 3Q24
CvCc corp Stores Opening 3Q24 @ & & @ #cvccorpcomve
Slide 5: Stores Opening
Stores Opening Historic record of store openings, in line with the strategy of expanding beyond capital cities + 72 stores +231 New store models Development of stores since Modular and Kiosk in Brazil in 3Q24 new management Faster payback and higher return Partnership (June 2023) Historical record o
Slide 6: Stores Opening | Case Study
Stores Opening | Case Study Strong store performance reinforce the efficacy of the Phygital strategy Reopening Capital Microregions Ribeirao Preto Aracaju Dourados Sarzedo State of Sao Paulo State of Sergipe State of Mato Grosso do Sul State of Minas Gerais 698 k inhabitants 602 k inhabitants 243 k
Slide 7: Financial Results 3Q24
CvCc corp Financial Results 3Q24 @ & & @ #cvccorpcomve
Slide 8: Capital Structure
Capital Structure Strengthening capital structure with new debt maturity profile by increasing duration, reducing costs and improving overall structure Cash & Cash equivalents Indebtedness Amortization schedule principal amount of debentures (R$MM) . Prior . New Cash Receivables Rating BBB (bra) Out
Slide 9: B2C: Increase in Confirmed Bookings validates strategic pillars
B2C Increase in Confirmed Bookings validates the effectiveness of strategic pillars Confirmed Bookings | (R$ Mn) Net Revenue and Take Rate (%) Share of Exclusive Products +12.4% +10.3% (R$ Mn) Disregarding RS¹ Disregarding RS¹ +9.1% +8.1% 540.4 +9.3 p.p. -0.4% 495.4 +10.3% 4,341.9 4,017.1 218.3 13.1
Slide 10: B2B: Increase in both Confirmed Bookings and Take Rate
B2B Increase in both Confirmed Bookings and Take Rate reinforces effectiveness of strategy of maximizing profitability Confirmed Bookings | (R$ Mn) Net Revenue and Take Rate | (%) / (R$ Mn) +2.1% -7.3% Disregarding RS Disregarding RS +15.8% -8.2% 269.1 +0.7% +5.0% 232.4 4,445.7 4,082.8 6.4% 92.0 5.3
Slide 11: Argentina
Argentina EBITDA remain positive with strong Cash Generation / Net Income gaining Market Share Confirmed Bookings | (R$ Mn) Net Revenue and Take Rate | (%) / (R$ Mn) -9.2% -19.6% Without tax effect Without tax effect -22.1% -37.3% -22.4% 212.8 3,158.0 -22.1% 165.7 1,979.7 7.8% 1,000.5 6.7% 776.0 69.
Slide 12: Consolidated | Net Revenue and Expenses
Consolidated | Net Revenue and Expenses Optimizing the profitability of our product portfolio and streamlining cost and expense Net Revenue and Take Rate G&A / Net Revenue (Brazil) Sales expenses / Conf. Bookings (Brazil) (R$ Mn) (R$ Mn) (R$ Mn) -0.5% +5.8% Disregarding RS¹ Disregarding RS¹ +3.7% -8
Slide 13: Consolidated | EBITDA and Bottom Line
Consolidated | EBITDA and Bottom Line CVC Corp has achieved a significant milestone by delivering positive net income for the first time since 2019 Adjusted EBITDA YTD Adjusted EBITDA LTM Adjusted EBITDA Quarter | (R$ Mn) (R$ Mn) EBITDA adjusted LTM (R$ Mn) (R$MM) Brazil Argentina Consolidated +161.
Slide 14: Capital Structure
Capital Structure Operational efficiency and working capital management resulted in a significant improvement in capital structure Operational Cash Generation Geração (Consumo) (Consumption) de Caixa Operacional | R$ Mn | R$MM Overall Indebtedness | R$ Mn +R$209 118 3Q23 3Q24 Gross Debt (860.8) (817
Slide 15: Q&A
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