B3 Sa - Brasil, Bolsa, Balcao · BMFBOVESPA:B3SA3
B3 Sa - Brasil, Bolsa, Balcao — B3 Sa - Brasil, Bolsa, Balcao — Q4 2023 Earnings Presentation
17 slides from B3 Sa - Brasil, Bolsa, Balcao's earnings presentation, Feb 23, 2024
Slide 1: 4Q23 Earnings Presentation
4Q23 Earnings Presentation Investor Relations
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
Slide 3: Highlights: Operational Performance
Highlights Operational Performance 4Q23 4Q23/4Q22 4Q23/3Q23 Listed - Equities ADTV (R$ millions) 24,259 -24.8% 2.0% Equities Average Fee (bps) 3.298 0.043 bps -0.050 bps ADV (thousands of contracts) 3,393 -3.9% 3.4% Stock Indices Average RPC (R$) 0.936 1.1% -2.3% ADV (thousands of contracts) 6,170 3
Slide 4: Highlights: Financial Performance
Highlights Financial Performance (R$ million) 4Q23 4Q23/4Q22 4Q23/3Q23 Total Revenues 2,493.6 -2.9% 0.1% Listed 1,419.2 -13.5% -4.7% OTC 399.0 14.7% 6.1% Infrastructure for financing 153.2 38.0% 29.5% Technology, data and services 522.0 11.5% 5.4% Reversal of provisions 0.2 101.0% -98.1% Net Revenue
Slide 5: Listed Equities (1/2)
LISTED - Cash Equities and Equity Instruments | 34% of total revenues Listed Equities (1/2) Results 4Q23 Revenue distribution (R$ million) HIGHLIGHTS 4Q23 / 4Q22: Reduction of trading and post-trading revenue reflects lower 4Q23 (R$ million) Δ 4Q22 Δ 3Q23 trading volume (compared to an election quar
Slide 6: Listed Equities (2/2)
LISTED - Cash Equities and Equity Instruments Listed Equities (2/2) Results 4Q23 Average Outstanding Position in the Equities Depository HIGHLIGHTS 4Q23 / 4Q22: (R$ billion) Increase of 5.5% of the position outstanding in the equities 2,981 depository, due to the higher companies’ market cap 2,825 2
Slide 7: Interest Rates, FX and Commodities
LISTED DERIVATIVES | 23% of total revenues Interest Rates, FX and Commodities Results 4Q23 Revenue distribution (R$ million) HIGHLIGHTS 4Q23 / 4Q22: 2% decrease in segment revenues, mainly reflecting the FX derivatives 4Q23 (R$ million) Δ 4Q22 Δ 3Q23 performance, partially offset by Interest Rate in
Slide 8: OTC
OTC | 16% of total revenues OTC Results 4Q23 Revenue distribution (R$ million) HIGHLIGHTS 4Q23 / 4Q22: 4Q23 (R$ million) Δ 4Q22 Δ 3Q23 Fixed income instruments 399 +15% +6% Increase of 15% in revenue: i) Growth of 3% in the issuances of bank funding instruments and 8% in the average outstanding bala
Slide 9: Infrastructure for Financing
INFRASTRUCTURE FOR FINANCING | 6% of total revenues Infrastructure for Financing Results 4Q23 Revenue distribution (R$ million) HIGHLIGHTS 4Q23 / 4Q22: Increase of 38%, driven mainly by revenues from the Desenrola 4Q23 (R$ million) Δ 4Q22 Δ 3Q23 program platform 153 +38% +30% 153 The number of vehic
Slide 10: Technology, Data and Services
TECHNOLOGY, DATA AND SERVICES | 21% of total revenues Technology, Data and Services Results 4Q23 Revenue distribution (R$ million) HIGHLIGHTS 4Q23 / 4Q22: Increase of 11% in segment revenue, explained by: 4Q23 (R$ million) Δ 4Q22 Δ 3Q23 522 +11% +5% i) Growth of 8% in the average number of customers
Slide 11: Adjusted Expenses (R$ million)
Adjusted Expenses1 (R$ million) Adjusted personnel2 Data processing Third-party services Others3 (+2.2%): annual adjustment of (+19.4%): Operation of Desenrola (-25.0%): non-recurring (+83.9%) salaries and medical assistance, program platform, in addition to consultancy expenses in 4Q22 and consolid
Slide 12: Financial Leverage and Debt Schedule
Financial Leverage and Debt Schedule Debt Amortization Schedule (R$ billion) Financial Highlights 14.1 Cash and Financial Investments (R$ million) 9.8 4.3 4,952 971 3,982 18,000 13,047 4Q23 6,494 1,091 5,403 16,978 10,485 3Q23 Short-term Long-term Total Debt Cetip Lux Loan and B3 Inova Bond Debentur
Slide 13: Cash Generation and Cash Destination
Financial Highlights Cash Destination – 2023 (R$ million) Cash Generation (R$ million) R$ million 2023 2022 6,768 Adj. net cash from operating activities¹ 5,591 6,730 5,897 (871) Net cash from investment activities² 43 (34) Net cash from financing activities before 1,134 (3,202) distributions³ (2,54
Slide 14: Appendix
Appendix
Slide 15: Financial Statements: Adjusted Expenses
Financial Statements Adjusted Expenses (In R$ millions) 4Q23 4Q22 4Q23/4Q22 3Q23 4Q23/3Q23 Expenses (1,072.8) (976.5) 9.9% (902.2) 18.9% (+) Depreciation and amortization 279.9 258.3 8.4% 281.6 -0.6% (+) Long-term stock-based compensation 39.8 46.3 -14.0% 41.6 -4.3% (+) Provisions (recurring and non
Slide 16: Financial Statements: Recurring EBITDA and Net Income
Financial Statements Recurring EBITDA (In R$ millions) 4Q23 4Q22 4Q23/4Q22 3Q23 4Q23/3Q23(%) EBITDA 1,449.3 1,589.3 -8.8% 1,627.6 -11.0% (+) Efficiency improvement project expenses - 22.5 - - - (-) Other non-recurring expenses - 4.5 - (10.9) - (+) M&A expenses 10.3 10.4 -0.7% 1.0 - Recurring EBITDA
Slide 17: TKS!
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