Atento S.a. · OTC:ATTOF

Atento — Q2 2015 Earnings Presentation

18 slides from Atento's earnings presentation, Aug 12, 2015

  1. Slide 1: Fiscal 2015 Second Quarter Results

    Atento Fiscal 2015 Second Quarter Results August 12, 2015

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared by Atento. The information contained in this presentation is for informational purposes only. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investme

  3. Slide 3: Presenters

    Presenters: Alejandro Reynal, CEO Mauricio Montilha, CFO

  4. Slide 4: Strategic Overview and Second Quarter Highlights

    Strategic Overview and Second Quarter Highlights

  5. Slide 5: Highlights

    Highlights  Strong topline growth drives market share gains in LatAm CRM/BPO market  Particular strength in Brazil and the Americas with revenue growth of 14.3% and 16.8%, respectively  Continued to acquire new clients, grow share of wallet with existing clients, and increase penetration of highe

  6. Slide 6: Winning in the Current Environment

    Winning in the Current Environment  Industry leader in LatAm CRM/BPO market  Optimal geographic footprint  Favorable industry growth drivers  Expect macroeconomic headwinds to continue  Generalized cost inflation  Companies looking to reduce costs and improve efficiencies  Best positioned to

  7. Slide 7: Strategy to Deliver Sustainable Earnings Growth on Track

    Strategy to Deliver Sustainable Earnings Growth on Track Reiterate 2015 outlook  Gained market share – extended leadership position in CRM/BPO LatAm market  Optimal balance of growth and profitability  Invest to support long-term competitiveness and financial strength Capital structure Earnings O

  8. Slide 8: Second Quarter Financial Performance

    Second Quarter Financial Performance

  9. Slide 9: Consolidated Financial Highlights

    Consolidated Financial Highlights Key Highlights Q2 Q2 USDm 2014 2015  Balanced financial results Revenue 592.3 515.7  11.0%(1) revenue growth ex-Czech Republic (15.3% in LatAm(3))  Operating leverage drives a 15.8% increase in adj. EBITDA CCY growth 11.0% (1)  12.0% adj. EBITDA margin, up 40 ba

  10. Slide 10: Brazil Summary

    Brazil Summary Revenue Key Highlights $MM CCY Growth +14.3%  The leading provider of CRM/BPO services in Brazil 309.6 256.9  14.3% growth despite challenging macro-environment  18.4% growth in non-TEF revenue driven by new clients and increased share of wallet with existing clients  8.6% growth

  11. Slide 11: Americas Summary

    Americas Summary Revenue Key Highlights $MM CCY Growth +16.8%  16.8% growth driven by strong performance across the region 193.2 198.2 and across verticals  15.3% non-TEF growth driven by solid growth in most markets supported by new and existing clients  18.5% growth in TEF  Significant commerc

  12. Slide 12: EMEA Summary

    EMEA Summary Revenue Key Highlights $MM CCY Growth (15.7)% 89.8  EMEA remains challenged due to weak Spanish macro- environment 61.1  Revenue decreased by 15.7%, or by 13.3% ex Czech Republic  Non-TEF revenue decreased 10% ex Czech Republic  Commercial wins in Q2 will support future growth in no

  13. Slide 13: Strengthened Balance Sheet and Deleveraging Enhance Financial Flexibility

    Strengthened Balance Sheet and Deleveraging Enhance Financial Flexibility Balance Sheet Highlights $MM Q2 2014 Q2 2015 Cash and cash equivalents 178.2 173.1  Leverage of 1.6x  Liquidity of $173.1MM in cash and cash Total Debt 745.3 637.2 equivalents with an additional €50MM in undrawn Net Debt 507

  14. Slide 14: Reaffirm 2015 Outlook

    Reaffirm 2015 Outlook CCY Revenue growth (%) 6% - 9% Adj. EBITDA margin (%) 13.0% - 13.5% CAPEX(1)/Revenue (%) 5.0% Effective Tax Rate (%) 32% (1) Capital expenditures on cash basis 14

  15. Slide 15: Key Takeaways

    Key Takeaways 1. On track with operational and financial initiatives including above market growth, improved profitability and increased financial flexibility. 2. Macro headwinds are a reality; focused strategy and resilient business model will allow us to drive the optimal balance of growth and pro

  16. Slide 16: Appendix

    AtTéwto: Appendix ee.

  17. Slide 17: Reconciliations

    Reconciliations Reconciliation of EBITDA and Adjusted EBITDA Reconciliation of Adjusted EPS to Profit/(Loss) $MM $MM, except per share Q2 2014 Q2 2015 Q2 2014 Q2 2015 EBITDA (non-GAAP) 43.0 57.9 Profit for the period (9.7) 6.5 Acquisition and integration related costs 3.0 - Acquisition and integrati

  18. Slide 18: Glossary of Terms

    Glossary of Terms  Adjusted EBITDA – EBITDA adjusted to exclude the acquisition and integration related costs, restructuring costs, sponsor management fees, asset impairments, site relocation costs, financing and IPO fees and other items which are not related to our core results of operations  Adj

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