B3 Sa - Brasil, Bolsa, Balcao · BMFBOVESPA:B3SA3
B3 Sa - Brasil, Bolsa, Balcao — B3 Sa - Brasil, Bolsa, Balcao — Q1 2024 Earnings Presentation
17 slides from B3 Sa - Brasil, Bolsa, Balcao's earnings presentation, May 10, 2024
Slide 1: 1Q24 Earnings Presentation
1Q24 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 1Q24 1Q24/1Q23 1Q24/4Q23 Listed - Equities ADTV (R$ millions) 23,582 -6.4% -2.8% Equities Average Fee (bps) 3.383 0.110 bps 0.084 bps ADV (thousands of contracts) 3,177 -2.7% -6.4% Stock Indices Average RPC (R$) 0.957 -1.9% 2.2% ADV (thousands of contracts) 6,702 1
Slide 4: Highlights: Financial Performance
Highlights Financial Performance (R$ million) 1Q24 1Q24/1Q23 1Q24/4Q23 Total Revenues 2,466.3 0.2% -1.1% Listed 1,398.7 -9.1% -1.4% OTC 395.8 13.2% -0.8% Infrastructure for financing 148.0 33.7% -3.4% Technology, data and services 509.8 10.5% -2.3% Reversal of provisions 14.0 9218.0% 6785.2% Net Rev
Slide 5: Listed Equities (1/2)
LISTED - Cash Equities and Equity Instruments | 35% of total revenues Listed Equities (1/2) Results 1Q24 Revenue distribution (R$ million) HIGHLIGHTS 1Q24 / 1Q23: Reduction of trading and post-trading revenue reflects lower 1Q24 (R$ million) Δ 1Q23 Δ 4Q23 trading volume during the period. Higher mar
Slide 6: Listed Equities (2/2)
LISTED - Cash Equities and Equity Instruments Listed Equities (2/2) Results 1Q24 Average Outstanding Position in the Equities Depository HIGHLIGHTS 1Q24 / 1Q23: (R$ billion) Increase of 15.9% of the position outstanding in the equities 2,981 3,053 depository, due to the higher companies’ market cap
Slide 7: Interest Rates, FX and Commodities
LISTED DERIVATIVES | 22% of total revenues Interest Rates, FX and Commodities Results 1Q24 Revenue distribution (R$ million) HIGHLIGHTS 1Q24 / 1Q23: 12% decrease in in segment revenues, mainly reflecting: 1Q24 (R$ million) Δ 1Q23 Δ 4Q23 (i) lower volumes and lower RPC in FX contracts; 542 -12% -4% (
Slide 8: OTC
OTC | 16% of total revenues OTC Results 1Q24 Revenue distribution (R$ million) HIGHLIGHTS 1Q24 / 1Q23: 1Q24 (R$ million) Δ 1Q23 Δ 4Q23 Fixed income instruments 396 +13% -1% Increase of 13% in revenue: i) Growth of 14,2% in the average outstanding balance; ii) Increase of 25% in revenues from Treasur
Slide 9: Infrastructure for Financing
INFRASTRUCTURE FOR FINANCING | 6% of total revenues Infrastructure for Financing Results 1Q24 Revenue distribution (R$ million) HIGHLIGHTS 1Q24 / 1Q23: Increase of 34%, driven mainly by revenues from the Desenrola 1Q24 (R$ million) Δ 1Q23 Δ 4Q23 program platform 148 +34% -3% 153 148 The number of ve
Slide 10: Technology, Data and Services
TECHNOLOGY, DATA AND SERVICES | 21% of total revenues Technology, Data and Services Results 1Q24 Revenue distribution (R$ million) HIGHLIGHTS 1Q24 / 1Q23: Increase of 11% in segment revenue, explained by: 1Q24 (R$ million) Δ 1Q23 Δ 4Q23 510 +11% -2% 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 (+10.6%): annual adjustment of (+14.1%): Operation of Desenrola (-27.2%): non-recurring (+21.3%) salaries and medical assistance, program platform, in addition to consultancy expenses in 1Q23 and consoli
Slide 12: Financial Highlights: 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 5,384 1,142 4,242 18,683 13,299 1Q24 4,952 971 3,982 18,000 13,047 4Q23 Short-term Long-term Total Debt Cetip Lux Loan Bond Debentures Debt | Amo
Slide 13: Financial Highlights: Cash Generation and Destination
Financial Highlights Cash Destination – 1Q24 (R$ million) Cash Generation (R$ million) R$ million 1Q24 1Q23 Adj. net cash from operating activities¹ 1,721 1,538 1,350 1,318 (33) Net cash from investment activities² 7 (3) Net cash from financing activities before (377) (598) distributions³ Cash gener
Slide 14: Appendix
Appendix
Slide 15: Financial Statements: Adjusted Expenses
Financial Statements Adjusted Expenses (In R$ millions) 1Q24 1Q23 1Q24/1Q23 4Q23 1Q24/4Q23 Expenses (927.1) (851.8) 8.8% (1,072.8) -13.6% (+) Depreciation and amortization 279.9 259.6 7.8% 279.9 0.0% (+) Long-term stock-based compensation 51.8 44.6 16.1% 39.8 30.0% (+) Provisions (recurring and non-
Slide 16: Financial Statements: Recurring EBITDA and Net Income
Financial Statements Recurring EBITDA (In R$ millions) 1Q24 1Q23 1Q24/1Q23 4Q23 1Q24/4Q23 EBITDA 1,574.2 1,617.1 -2.7% 1,449.3 -8.6% (+) Other non-recurring expenses (income) 13.2 - - - - (+) M&A expenses - 5.0 - 10.3 - (-) Reversal of provisions (13.9) - - - - Recurring EBITDA 1,573.5 1,622.1 -3.0%
Slide 17: TKS!
[B] 1s ot "
B3 Sa - Brasil, Bolsa, Balcao — Q1 2024 Earnings Presentation on 6ix