Atento S.a. · OTC:ATTOF
Atento — Q4 2021 Earnings Presentation
5 slides from Atento's earnings presentation, May 4, 2022
Slide 1: Fourth quarter and 2021 results summary and segment reporting
The Company reported a recurring Net Loss of -$1.6 million in the fourth quarter and -$46.3 million in 2021. Fourth quarter reported EPS was -$3.29, bringing full-year EPS to -$6.61, mainly due to the $46.1 million impact of cyberattack and to net financial expenses of $2.60 million and $45.7 millio
Slide 2: Cash flow bridge from EBITDA to free cash flow
(21,600) (6,900) C700) (33,700) "“T300)- — (4,300) (22,600) "mame 00) EBITDA Leasing EBITDA Changes Capex income Tax Operating Net Financial Free. eRs16 (IFRS 16) inWC Payments Payments. Cash Flow Expenses Cash Flow
Slide 3: Normalized Cash Flow View – FY 2021
2021 free cash flow was negative $55.5 million, primarily due to cyberattack impact of $25.1 million, one-time refinance costs of $21 million and $20 million taxes postponed under 2020 Covid relief programs. Normalized Cash Flow View – FY 2021 ($ in millions)
Slide 4: Free cash flow excluding one-off items
When excluding one-off tax expenses, costs related to the Company’s debt refinancing in February, and impact of cyberattack, free cash flow was $10.6 million for the year, compared to $39.9 million in 2020.
Slide 5: Net debt-to-EBITDA, 2021 results and 2022 guidance
At the end of 2021, net debt-to-EBITDA was 4.0x, or 3.1x when excluding one-time EBITDA impact of the cyberattack. The Company finished the year with a comfortable maturity profile going out to 2026. 2021 Guidance 2021 Reported 2021 Recurring 2022 Guidance Management is lowering 2022 EBITDA margin g