Slide 1: CI&T Earnings Call 2Q24
CI&T EARNINGS CALL 224 investors .ciandt.com
Slide 2: We are your CI&T presenters today
Hello, We are your CI&T presenters today: Cesar Bruno Stanley Eduardo Gon Guicardi Rodrigues Galvão Founder & CEO Founder & NAE Partner, CFO IR Director President
Slide 3: Q&A Session
Q&A SESSION Submit your question via email to investors@ciandt.com investors.ciandt.com
Slide 4: Safe Harbor and Non-IFRS Measures
SAFE HARBOR AND NON-IFRS MEASURES FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact that may
Slide 5: Agenda
Agenda 01 02 03 04 05 Highlights Business Our Results Q&A Cases People Driven
Slide 6: Disruptive Business Models: Enterprise Ready
DISRUPTIVE BUSINESS MODELS ACT THREE ENTERPRISE READY MAXIMIZED AI VALUE HYPER PERSONALIZATION ACT TWO HYPER EFFICIENCY ACT ONE
Slide 7: 2Q24 Financial Highlights
Net Revenue in 2Q24 R$565.7M 2Q24 8.1% sequential growth Financial Highlights Adjusted EBITDA Margin (1) Cash Generated 19.2% R$ 131M from operating activities in 6M24 . (1) Adjusted EBITDA Margin is a non-IFRS financial measure. See disclosure regarding Non-IFRS measures.
Slide 8: Slide 8
Slide 9: Click to know more
Click to know more Click to know more Click to know more
Slide 10: Global Talent Network
GLOBAL TALENT NETWORK 10.4% 15 6,235 Attrition¹ years avg CI&Ters CI&T EXECS 5.0% tenure Leadership Attrition People platform for growth Recognized for Certified for having 25% of “Good Employability ¹ Attrition: Employee voluntary attrition excluding employees the Board of Directors Practices for D
Slide 11: Key Numbers
KEY NUMBERS 68% of CI&T teams leveraging AI Technology More than 100 clients already benefited by FLOW 2.4K CI&Ters FLOW certified (since April, 2024)
Slide 12: Results driven
CI&I Results driven
Slide 13: 2Q24 Results Reigniting Growth
2Q24 RESULTS REIGNITING GROWTH Net Revenue +8.1% R$ Million -1.1% 571.8 565.7 523.5 2Q23 1Q24 2Q24 Net Revenue Variation at Constant Currency (1) -4.1% 2Q24 x 2Q23 (1) Net revenue growth at constant currency is a non-IFRS financial measure. See disclosure regarding non-IFRS measures.
Slide 14: 6M24 Net Revenue Distribution
6M24 NET REVENUE DISTRIBUTION NET REVENUE BY GEOGRAPHY NET REVENUE BY INDUSTRY TOP CLIENT’S NET REVENUE SHARE % OF TOTAL % OF TOTAL % OF TOTAL APAC TOP OTHERS CLIENT 4% 10% 6% LIFE SCIENCES FINANCIAL 10% SERVICES 28% LATAM NORTH OTHER CLIENTS 41% AMERICA TECHNOLOGY AND 43% TELECOMMUNICATIONS 59% 12%
Slide 15: Consistently Nurturing Large Clients' Relationships
CONSISTENTLY NURTURING LARGE CLIENTS' RELATIONSHIPS Number of Multi-Million Accounts Revenue contribution in the last 12 months
Slide 16: 2Q24 Results: Adj. EBITDA & Margin
2Q24 RESULTS Adj. EBITDA & Adj. EBITDA Margin(1) R$ Million; % 20.0% 19.2% Adj. EBITDA margin 16.1% -4.8% +29.0% 114.2 108.7 84.3 2Q23 1Q24 2Q24 (1) Adjusted EBITDA and Adjusted EBITDA Margin are non-IFRS financial measures. See disclosure regarding Non-IFRS measures.
Slide 17: 2Q24 Results: Adj. Net Income & Margin
2Q24 RESULTS Adj. Net Income & Adj. Net Income Margin(1) R$ Million; % Adj. Net Income Margin 10.8% 11.6% 8.0% +5.8% +56.7% 65.4 61.8 41.7 2Q23 1Q24 2Q24 (1) Adjusted Net Profit and Adjusted Net Profit Margin are non-IFRS financial measures. See disclosure regarding Non-IFRS measures.
Slide 18: 6M24 Results: Cash Generated from Operating Activities
6M24 RESULTS Cash Generated from Operating Activities R$ Million +11.6% 131.3 117.6 R$71.9M 68.0% Free cash Operating Cash Flow flow (1) / Adjusted EBITDA² 6M23 6M24 (1) Free cash flow is calculated as Net cash generated from operating activities less CAPEX (acquisition of property, plant and equipmen
Slide 19: Business Outlook
NET REVENUE NET REVENUE GROWTH (Y-O-Y) Business For the 3Q24, For the full-year of 2024, Outlook At least: in the range of: R$591 M -0.5% to +2.5% on a reported basis, a 11.7% at constant currency year-over-year growth and a 4.5% quarter-over-quarter growth (Avg. FX rate of 5.40 BRL/USD in 3Q24) Adj
Slide 20: Guidance Points to a V-Shape Recovery and Sequential Growth in 2024
GUIDANCE POINTS TO A V-SHAPE RECOVERY AND SEQUENTIAL GROWTH IN 2024 2023 AND 2024 QUARTERLY RESULTS Net Revenue R$ Million QUARTER-OVER-QUARTER GROWTH ACTUAL RESULTS IMPLIED SEQUENTIAL GROWTH TO REACH THE MIDPOINT OF THE FULL YEAR GUIDANCE Notes: These estimates are forward-looking statement. See Sa
Slide 21: Thank You
THANK YOU. ciandt.com
Slide 22: Appendix - 2Q and 6M Reconciliation of Non-IFRS measures
Appendix - 2Q and 6M Reconciliation of Non-IFRS measures 2Q24 2Q23 6M24 6M23 We calculate Net Revenue at Constant Currency and Net Revenue Growth at Net Revenue 565.7 571.8 1,089.2 1,181.8 Constant Currency by translating Net Revenue from entities reporting in foreign Reconciliation of Adjusted Gros