Syn Prop e Tech SA · BMFBOVESPA:SYNE3
Syn Prop e Tech SA — Arezzo&Co — Q3 2019 Earnings Presentation
13 slides from Syn Prop e Tech SA's earnings presentation, 2019
Slide 1: 3Q2019 Earnings Conference Call
AREZZO co 3Q2019 EARNINGS CONFERENCE CALL AREZZO SCHUTZ — ANACAPRI Fever] AMG
Slide 2: Important Disclaimer
Results | 3Q19 Information contained in this document may include forward-looking statements and reflect Management’s current view and estimates of Important the evolution of the macroeconomic environment, industry conditions, Company’s performance and financial results. Any statements, Disclaimer e
Slide 3: 3Q19 Highlights
Results | 3Q19 3Q19 Highlights EBITDA for 3Q19 totaled R$ 73.1 million Net Revenue in 3Q19 reached R$ 440.9 (EBITDA margin of 16.6%) a 3.3% Net Revenue EBITDA million, a 7.4% increase against 3Q18; increase against 3Q18; The web commerce channel grew 27.6% In 3Q19, Net Income totaled R$ 41.1 Web Com
Slide 4: Company Growth
Results | 3Q19 Company Growth Gross Revenue / Domestic and Foreign Market (R$ Million) 9,6% 1.490,2 1.360,3 192,7 43,3% 134,5 8,1% 5,9% 1.297,5 538,2 1.225,8 497,9 31,8% The Company reached a gross revenue of R$ 71,6 538.2 million in the 3Q19, a 8.1% growth 54,3 compared to the 3Q18, with highlight
Slide 5: Gross Revenue by Brand | Domestic Market
Results | 3Q19 Gross Revenue by Brand | Domestic Market Gross Revenue breakdown by brand / Domestic Market (R$ Million) 5,9% 1.297,5 1.225,7 35,7% 60,7 44,7 182,9 154,1 18,7% 335,8 4,9% 352,3 5,2% 10,0% 443,5 18,6% 466,6 19,6 21,5 In 3Q19, the highlight goes to Anacapri, brand, 60,5 71,8 3,9% 691,1
Slide 6: Gross Revenue by Channel | Domestic Market
Results | 3Q19 Gross Revenue by Channel | Domestic Market Gross Revenue by Channel / Domestic Market (R$ Million) 5,9% 1.297,5 1.225,8 1,5 1,4 24,6% 146,6 117,7 Others 5,2% 7,2% 330,9 308,6 Web Commerce 27,6% -10,3% 211,0 189,3 Multibrand 6,9% 443,6 466,6 Owned Stores * 0,5 0,3 43,6 55,6 -15,5% 126,
Slide 7: Distribution Channel Expansion
Results | 3Q19 1.500 Distribution Channel Expansion 70,0 Owned stores and franchises expansion1 Number of stores – domestic market 3Q19 1.300 60,0 Franchises________________419 1.100 Owned store ______________10 3,4% 0,3% 0,5% 1,2% 50,0 Multibrands_______________1.210 43,9 44,1 44,3 44,8 900 42,5 Fr
Slide 8: Gross Profit and EBITDA Pro forma
Results | 3Q19 Gross Profit and EBITDA Pro forma 800,0 Gross Profit (R$ Million) 60% EBITDA (R$ Million) 700,0 -100 bps -30 bps -60 bps 46,5% 46,3% 46,0% 250,0 248,0 17,2% 45,5% 246,0 244,0 242,0 240,0 238,0 236,0 234,0 16,6% -50 bps 232,0 600,0 230,0 228,0 557,5 226,0 224,0 222,0 220,0 15,1% 8,0% 1
Slide 9: Net Income Pro forma
Results | 3Q19 Net Income Pro forma Net Income (R$ million) 150,0 9,8% -50 bps 10,0% -10 bps 10,0% 9,3% 150,0 9,0% 8,9% 8,0% 6,9% 8,0% The Company posted a net margin of 9.3% in 3Q19 and a net income of R$ 41.1 million, 2.3% higher 100,0 107,3 against 3Q18. 100,4 100,0 6,0% 6,0% Net income was impac
Slide 10: Operating Cash Flow
Results | 3Q19 Operating Cash Flow Operating Cash Flow (R$ Thousand) Arezzo&Co generated operating cash of R$ 59.3 Operating Cash Flow 3Q19 3Q18 9M19 9M18 million in 3Q19, amount higher than 3Q18, due more depreciation and amortization (IFRS-16 effects) as well 57.373 53.762 133.531 122.206 as a hig
Slide 11: Investments (CAPEX) and Indebtedness
Results | 3Q19 Investments (CAPEX) and Indebtedness CAPEX (R$ Million) Indebtedness (R$ Million) 21,1% 43,6 Cash position and Indebtedness 3Q19 2Q19 3Q18 36,0 109,0% 21,9 275.344 257.135 283.745 10,5 Cash Total debt 189.092 175.957 172.421 27,0% Short-term 183.678 153.533 161.180 21,1% 17,4 -14,5% 9
Slide 12: ROIC (Return on Invested Capital)
Results | 3Q19 ROIC (Return on Invested Capital) 3Q19 Δ 19 x 18 Δ 19 x 18 Return on invested capital (ROIC) reached 26.4% Income from operations 3Q19 3Q18 3Q17 Pro forma Reported Pro forma compared to 32.6% in 3Q18. The pro forma NOPAT remained in line with the previous year, which in turn 7,3% 7,1%
Slide 13: Contacts
Contacts CFO Rafael Sachete IR & Strategic Planning Director Aline Penna IR Coordinator Victoria Machado IR Analyst Marcos Benetti +55 11 2132 4300 ri@arezzoco.com.br www.arezzoco.com.br