B3 Sa - Brasil, Bolsa, Balcao · BMFBOVESPA:B3SA3
B3 Sa - Brasil, Bolsa, Balcao — B3 Sa - Brasil, Bolsa, Balcao — Q1 2023 Earnings Presentation
16 slides from B3 Sa - Brasil, Bolsa, Balcao's earnings presentation, May 12, 2023
Slide 1: 1Q23 Earnings Presentation
1Q23 EARNINGS PRESENTATION May 11, 2023 1 INFORMAÇÃO INFORMAÇÃO PÚBLICA INTERNA INFORMAÇÃO PÚBLICA – PUBLIC INFORMATION
Slide 2: Forward looking statements
RESULTS 1Q23 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
Slide 3: Highlights – Operational Performance
RESULTS 1Q23 Highlights – Operational Performance 1Q23 1Q23 / 1Q22 1Q23 / 4Q22 Listed – Equities ADTV (R$ millions) 25,204.1 -19.2% -21.9% Equities Average Fee (bps) 3,273 -0.220 0.018 ADV (thousands of contracts) 3,263.5 -13.3% -7.6% Stock Indices Average RPC (R$) 0.976 +9.5% +5.4% ADV (thousands o
Slide 4: Highlights – Financial Performance
RESULTS 1Q23 Highlights – Financial Performance R$ million 1Q23 1Q23 / 1Q22 1Q23 / 4Q22 Total Revenues 2,460.5 -3.3% -4.2% Listed 1,538.9 -9.3% -6.3% OTC 349.5 +16.2% +0.5% Infrastructure for financing 110.7 +0.7% -0.3% Technology, data and services 461.2 +5.9% -1.5% Net Revenues 2,209.4 -3.3% -4.3%
Slide 5: Listed – Equities (1/2)
RESULTS 1Q23 Performance by segment LISTED – EQUITIES (1/2) 1Q23 (R$ million) Δ 1Q22 Δ 4Q22 37% of total revenues 922 -18% -14% Highlights 1Q23 / 1Q22: ▪ Decline in trading and post-trading revenues reflects lower trading volume and margins in the cash equities market ▪ Despite the decrease in trade
Slide 6: Listed – Equities (2/2)
RESULTS 1Q23 Performance by segment LISTED – EQUITIES (2/2) Equities Depository Breakdown Avg Balance (R$ billion) Highlights 1Q23 / 1Q22: 3,113 2,825 ▪ Decrease of 7.3% in the balance of the variable 2,634 income depository, explained by the lower 1,120 (36%) market value of the companies 1,069 (38
Slide 7: Listed - FICC
RESULTS 1Q23 Performance by segment LISTED - FICC 1Q23 (R$ million) Δ 1Q22 Δ 4Q22 25% of total revenues 617 +7% +7% Highlights 1Q23 / 1Q22: ▪ 7.3% increase in segment revenues, mainly reflecting an increase in volumes of Interest Rate in BRL derivatives ▪ ADV totaled 6.1 million contracts, an all-ti
Slide 8: OTC
RESULTS 1Q23 Performance by segment OTC 1Q23 (R$ million) (R$ milhões) Δ 1Q22 Δ 4Q22 14% of total revenues 350 +16% +1% Highlights 1Q23 Desempenho 1T20): +38.2% / 1Q22: (vs. Fixed income instruments ▪ 16.2% increase in revenue: ▪ i) growth of 14.9% in the registration of bank funding instruments and
Slide 9: Infrastructure for Financing
RESULTS 1Q23 Performance by segment INFRASTRUCTURE FOR FINANCING 1Q23 (R$ million) (R$ milhões) Δ 1Q22 Δ 4Q22 4% of total revenues 111 +1% 0% Highlights 1Q23 / 1Q22: 110 111 110 111 111 ▪ Increase of 0.7%, mainly due to the increase in 13 12 11 10 vehicle sales and financing in the period 18 31 31 3
Slide 10: Technology, Data and Services
RESULTS 1Q23 Performance by segment TECHNOLOGY. DATA AND SERVICES 1Q23 (R$ million) (R$ milhões) Δ 1Q22 Δ 4Q22 19% of total revenues 416 +6% -1% Highlights 1Q23 / 1Q22: ▪ Increase of 5.9% in segment revenue. explained by: ▪ i) growth of 14.4% reflecting both the increase in the number of customers a
Slide 11: Adjusted expenses
RESULTS 1Q23 Adjusted expenses1 (R$ million) Data processing (+10.1%): Adjusted personnel² Third-party services Others³: (+4.4%): annual adjustment of development of new (+41.2%) (+15.6%) salaries (collective bargaining initiatives, support of completed projects and agreement) partially offset by in
Slide 12: Financial highlights
RESULTS 1Q23 Financial highlights Cash and Financial Investments Financial Leverage and Debt Schedule (R$ million) Debt Amortization Schedule (R$ billion) 5,377 1,178 4,198 16,565 11,188 1Q23 6,576 1,340 5,235 17,529 10,953 4Q22 7,070 904 6,165 21,073 14,004 1Q22 Third-party Total Restricted and Deb
Slide 13: Financial highlights – Cash generation and destination
RESULTS 1Q23 Financial highlights Cash generation Cash Destination – 1Q23 (R$ million) (R$ million) R$ million 1Q23 1Q22 Adj. net cash from operating activities¹ 1,538 1,676 937 Net cash from investment activities² -3 -53 858 (80) Net cash from financing activities before -598 -318 distributions³ (3
Slide 14: Appendix
Appendix INFORMAÇÃO PÚBLICA 14 INFORMAÇÃO PÚBLICA – PUBLIC INFORMATION 14
Slide 15: Financial Statements – Adjusted Expenses
RESULTS 1Q23 Financial Statements Adjusted Expenses 1Q23/1Q22 1Q23/4Q22 (In R$ millions) 1Q23 1Q22 4Q22 (%) (%) Expenses (851.8) (856.4) -0.5% (976.5) -12.8% (+) Depreciation and amortization 259.6 275.9 -5.9% 258.3 0.5% (+) Long-term stock-based compensation 44.6 47.5 -6.2% 46.3 -3.7% (+) Provision
Slide 16: Financial Statements – Recurring EBITDA and Net Income
RESULTS 1Q23 Financial Statements Recurring EBITDA 1Q23/1Q22 1Q23/4Q22 (In R$ millions) 1Q23 1Q22 4Q22 (%) (%) EBITDA 1,617.1 1,704.2 -5.1% 1,589.3 1.8% (+) Efficiency improvement project expenses - - - 22.5 - (+) Other non-recurring expenses - - - 4.5 - (+) M&A expenses 5.0 18.5 -72.9% 10.4 -51.8%
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