Slide 1: Earnings Presentation 2Q2019 & 6M2019
EARNINGS PRESENTATION 2Q2019 & 6M2019 July 23, 2019
Slide 2: Highlights in 2Q2019 & 6M2019
Highlights in 2Q2019 & 6M2019 • Results improved in Revenues, EBITDA, EBITDA margin and Net Income compared to 6M2018 and 2Q2018 • Revenues increased 10.6% (yoy) in reporting currency in 6M2019, registering growth in all regions. In 2Q2019, revenues grew 16.0% compared to2018, highlighting the growt
Slide 3: Results for the 2Q2019
Results for the 2Q2019 US$ Million 2Q2019 Chg. 19/18 2Q2019 A Chg. 19A/18 Revenues 312.1 16.0% 305.6 13.6% EBITDA 34.7 16.0% 34.0 13.8% EBITDA Margin 11.1% 1pb 11.1% 2pb Net Income 10.8 308.2% 11.0 20.3% Net Margin 3.5% 538pb 3.6% 551pb Note: 2Q 2019A corresponds to figures for the period 2019 in co
Slide 4: Results for the 6M2019
Results for the 6M2019 US$ Million 6M2019 Chg. 19/18 6M2019 A Chg. 19A/18 Revenues 599.3 10.6% 589.3 8.8% EBITDA 64.5 15.7% 63.5 13.9% EBITDA Margin 10.8% 47pb 10.8% 48pb Net Income 17.8 803.5% 13.1 (-1.8%) Net Margin 3.0% 260pb 2.2% 186pb Note: 6M 2019A corresponds to figures for the period 2019 in
Slide 5: 2019 Quarterly Results
2019 Quaterly Results US$ Million 1Q 2019 2Q 2019 Revenues 287.3 312.1 Chg. % (Q o Q) 8.6% EBITDA 29.8 34.7 Chg. % (Q o Q) 16.2% EBITDA Margin 10.4% 11.1% Chg. % (Q o Q) 73bp Net Income 7.0 10.8 Chg. % (Q o Q) 53.9% Net Margin 2.4% 3.5% Chg. % (Q o Q) 102bp Net Income excluding FX over taxes 2.2 11.
Slide 6: Revenues and EBITDA contribution by region
Revenues and EBITDA contribution by region Revenues in 2Q2019 (US$ million) +29.5% Growth coming from Higher revenues in the +20.6% Argentina, Costa Rica, Platforms and +5.6% Ecuador, Panama, peru, Application Business -3.6% and Uruguay Higher growth in the Platform Higher revenues boosted by Busine
Slide 7: Revenues and EBITDA contribution by region
Revenues and EBITDA contribution by region Revenues in 2Q2019 (US$ million) Growth in Argentina, +23.2% Costa Rica, Panama, Peru +11.2% Higher revenues from and Uruguay +3.8% Applications and Platforms Business -2.1% Higher revenues in Platforms Higher revenues boosted by offset by IT Services outso
Slide 8: Chile – Results for the 2Q2019 & 6M2019
Chile – Results for the 2Q2019 & 6M2019 Revenues (US$ million) EBITDA (US$ million) +7.3% -0.3% +9.1% +5.7% Chg. 6M 19/18 Chg. 2Q 19/18 Chg. 2Q19/1Q19 Platforms 10.8% 12.5% 4.7% • Revenues increased 7.3% compared to 1H2018. In constant currency IT Services -1.2% 2.0% -5.2% revenues grew 3.8%, while
Slide 9: Brazil – Results for the 2Q2019 & 6M2019
Brazil – Results for the 2Q2019 & 6M2019 Revenues (BRL million) EBITDA (BRL million) +11.2% +20.6% +103.7% +77.6% Chg. 6M 19/18 Chg. 2Q 19/18 Chg. 2Q19/1Q19 Platforms 65.6% 78.5% 54.0% • Revenues increased 9.1% in reporting currency during 1H2019. In constant IT Services -0.8% 4.3% 3.5% currency rev
Slide 10: Brazil – Recovery in results and profitability
Brazil – Recovery in results and profitability Revenues by Quarter EBITDA by Quarter Quaterly EBITDA Margin (BR$ million) (BR$ million) (%) Revenues LTM EBITDA U12M EBITDA Margin LTM (BR$ million) (BR$ million) (%) 10
Slide 11: Brazil - The strategic plan is guiding the recovery
Brazil - The strategic plan is guiding the recovery • New business closed contributing to improve the revenue mix… Enhancing the revenue mix, by focusing in more profitable business units Group A: business units whose Gross Margin ≥ 20% Group B: business units whose Gross Margin is in the rang
Slide 12: Mexico – Results for the 2Q2019 & 6M2019
Mexico – Results for the 2Q2019 & 6M2019 Revenues (US$ million) EBITDA (US$ million) +8.1% +6.4% +169.5% +47.1% Chg. 6M 19/18 Chg. 2Q 19/18 Chg. 2Q19/1Q19 Platforms 43.0% 61.4% -43.7% • Revenues increased 8.1% in reporting currency in 1H2019. In constant IT Services -17.8% -20.8% 4.8% currency, reve
Slide 13: OPLA – Results for the 2Q2019 & 6M2019
OPLA – Results for the 2Q2019 & 6M2019 Revenues (US$ million) EBITDA (US$ million) +23.6% +28.2% +1.1% +2.3% Chg. 6M 19/18 Chg. 2Q 19/18 Chg. 2Q19/1Q19 Platforms 40.2% 70.7% 87.3% • Revenues increased 23.6% regarding 1H18 boosted by Argentina, Peru, IT Services 15.8% 3.8% -3.7% Uruguay, Panama and C
Slide 14: Business Closed
Business Closed Business Closed by region (US$ million) Business Closed Breakdown 6M2018: 6M2019: +8.7% $574,3 $624,4 US$ million 6M2019 6M2018 Chg. % Chile 244.3 222.0 10.1% Top 10 (6M2019, US$ million) Contribution to revenues (US$ million) Brazil 289.9 207.2 39.9% Mexico 18.7 49.8 -62.4% OPLA 71.
Slide 15: Pipeline of new opportunities
Pipeline of new opportunities Pipeline by region (US$ million) • Brazil represented the 44% of the opportunities included in the pipeline • Mexico increased its pipeline of new opportunities in more than 200% respect to Dic-18 2Q2019: • New opportunities in contracts coming from Transforming Service
Slide 16: Executing the Strategic Plan
Executing the Strategic Plan We have defined an aspiration… … and challenging goals for 2021 16
Slide 17: Executing the Strategic Plan
Executing the Strategic Plan To achieve it, we prioritize... …7 strategic pillars 17
Slide 18: Executing the Strategic Plan
Executing the Strategic Plan 18
Slide 19: Improving and Transforming Customers’ Business
Improving and Transforming Customers’ Business Progress in the digital transformation of our customers… … by Christian Onetto (Corporate VP in Digital Transformation) Progress in our Brazilian Operation… … by Affonso Nina (Brazil’s CEO) 19
Slide 20: 2018 | Todos los derechos reservados.
20 2018 | Todos los derechos reservados.
Slide 21: Exhibit – Financial Position as of June 30, 2019
Exhibit – Financial Position as of June 30, 2019 Balance Sheet (US$ million) dec-18 jun-19 ∆$ ∆% dec-18 jun-19 Current Liquidity 1.6x 1.8x Cash and Cash Equivalents 71.1 77.2 6.1 8.6% (Current Assets / Current Liabilities) Other Current Financial Assets 23.1 29.5 6.3 27.3% Leverage 0.8x 0.7x Trade A
Slide 22: 2018 | Todos los derechos reservados.
22 2018 | Todos los derechos reservados.