Slide 1: Results Presentation - 2Q23
Results Presentation - 2Q23 August 9, 2023
Slide 2: Disclaimer
Disclaimer Certain statements contained herein are forward looking statements based on Management’s current estimates regarding future performance that may result in material differences regarding results in the future, performance and events. These prospects include future results that may be affec
Slide 3: Highlights
Highlights Crédito: Panrotas – Rodrigo Vieira CVC Sales Convention 2023 Leverages for tourism growth Led by Fábio Godinho Sell much (-) Positive inflationary scenario – IPCA and industry Sell Sell more more (+) Increase in capacity (ASK) (+) PMS1 indicates a growing volume of tourist activities • +1
Slide 4: Public Offer (Follow-on)
Public Offer (Follow–on) • Fundraising of R$ 550 million • Issuance of 166 million of shares • Pricing R$ 3.30/share Warrants¹ Former founders reinvest in • Issuance of 83 million of warrants (1 subscription warrant for the Company each 2 shares subscribed in the offering) In the context of the Publ
Slide 5: Management Team to deliver CVC Corp's disciplined growth strategy with focus on profitability
Management Team to deliver CVC Corp’s disciplined growth strategy with focus on profitability FABIO GODINHO CEO Business Supporting Corporate Units Departments Departments Finance and IR CARLOS WOLLENWEBER REXTURADVANCE CVC and CVC Products and Technology VISUAL TREND Pricing CCO and CSC and ESFERAT
Slide 6: CVC Corp Results
CVC Corp Results
Slide 7: Brazil Operations Performance – B2C
Brazil Operations Performance – B2C R$ million Net Revenue and Take Rate (%) +21.3% +21,3% 2,632 Bookings +2.5% 2,170 +2,5% 1,274 600 14.0% 14,0% 15,0% 11.4% 12.9% 400 1,243 12,0% 11.5% 13,0% 500 -11,5% -11.7% 300 11,0% 10,0% 400 2Q22 2T22 2Q23 2T23 1H22 1S22 1H23 1S23 9,0% 307 8,0% -7.0% -7,0% -6,6
Slide 8: Brazil Operations Performance – B2B
Brazil Operations Performance– B2B R$ million Net Revenue and Take Rate (%) +7.6% +7,6% Bookings 2,854 3,070 -9.4% -9,4% 150 7,0% 200 6% 6,0% 5.2% 5.0% 5.2% 5% 1,618 4.8% 5,0% 1,466 +3.9% +3,9% 4% 4,0% 145 150 -1.6% -1,6% 3% 3,0% 2Q22 2T22 2Q23 2T23 1S22 1H22 1S23 1H23 76 75 2% 2,0% +7.2% +7,2% 1,0%
Slide 9: Operations Performance in Argentina
Operations Performance in Argentina Net Revenue and Take Rate (%) R$ million +40.8% +40,8% Bookings 2,158 +21,9% +21.9% 1,533 100 6.6% 6.4% 7% 200 7.2% 95 190 6.5% 1,084 90 180 889 170 +29.3% 85 +17.6% 160 +29,3% 5% 80 +17,6% 150 143 75 69 140 111 70 58 130 2Q22 2T22 2Q23 2T23 1S22 1H22 1S23 1H23 65
Slide 10: CVC Corp Operations Performance
CVC Corp Operations Performance Net Revenue and Take Rate (%) R$ million +19.9% +19,9% 7,860 Bookings +2.0% +2,0% 6,557 3,750 3,824 600 8.6% 9,0% 285 10,0% 9,0% 7.4% 8,0% 7.6% 7.5% 8,0% 580 0,4% 0.4% +0,5% 7,0% 7,0% 563 565 6,0% 6,0% -0.1% +0,1% 1S22 1H22 1S23 1H23 -0,1% 5,0%560 5,0% 2T22 2Q22 2T23
Slide 11: Financial and Operational Performance
Financial and Operational Performance EBITDA and EBITDA Margin R$ million and % EBITDA Margin Consumed Bookings per Business Unit (%) 6% 2% 30% 30% -56.4% 40% 32.3 B2C B2B Argentina 14.1 Revenue per Business Unit (%) -0.8 -1.5 26% 2Q22 2Q23 1H22 1H23 47% 28% B2C B2B Argentina 12
Slide 12: Debentures Reprofiled and Cash
Debentures Cash Reprofilled Debenture Holders General Meeting Held on April 6, 2023 R$ million o Realization of the liquidity event: R$ 550 MM Cash Balance 1Q23 426.2 o Expected to carry out in the coming months a (-) Operational Activities (64.4) (-) Capex (28.6) tender offer of at least R$ 75 MM (
Slide 13: Flight Plan 2H23/2024
Flight Plan 2H23/2024 Disciplined Growth Strategy, Focused on Efficiency and Profitability Expansion in Sales + Stores Focus on product/pricing, increase of SSS (Same-Store Sales), opening of new stores. Improve the Mix and Increase in Take Rate Improve the product mix by prioritizing the most profi
Slide 14: Q&A
Q&A To ask a question, please type *1 (asterisk-one). To remove the question from the list, type *2 (asterisk-two). 15
Slide 15: SOMOS CVC CORP
SOMOS CVC CORP © win CVC corp