Syn Prop e Tech SA · BMFBOVESPA:SYNE3
Syn Prop e Tech SA — Arezzo&Co — Q2 2018 Earnings Presentation
13 slides from Syn Prop e Tech SA's earnings presentation, 2018
Slide 1: Earnings Release 2Q18
earnings release 2Q18 AREZZO CO AREZZO SCHUTZ ANACAPRE B12 \) AN OHMe
Slide 2: Important Disclaimer
Results | 2Q18 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: 2Q18 Highlights
Results | 2Q18 2Q18 Highlights Same-Store-Sales growth of 3.9% in the SSS quarter. Arezzo&Co recorded a 750bps ROIC increase in ROIC, reaching a level of Net revenue in 2Q18 reached 31.2%. Net Revenue R$ 373.9 million, a 13.7% increase against 2Q17. Arezzo&Co opened 11 stores and Sales Area closed 2
Slide 4: Company Growth
Results | 2Q18 Company Growth GROSS REVENUE / DOMESTIC AND FOREIGN MARKET (R$ MILLION) 11.2% 862,4 775,7 80,2 74,7 7.4% 11.6% 454,7 407,3 49,7 47,0 5.7% 782,1 701,0 11.6% THE COMPANY REACHED A GROSS 404,9 REVENUE OF R$ 454.7 MILLION IN THE 360,3 12.4% 2Q18, A 11.6% GROWTH COMPARED TO THE 2Q17, THE H
Slide 5: Gross Revenue by Brand | Domestic Market
Results | 2Q18 Gross Revenue by Brand | Domestic Market GROSS REVENUE BREAKDOWN BY BRAND / DOMESTIC MARKET (R$ MILLION) 11.6% 782,1 701,0 25,2 18,1 39.0% 93,6 65,6 42.6% 12.4% 217,7 404,9 218,1 360,3 72.0% -0.2% IN 2Q18, WE HAD HIGHLIGHTING 15,2 8,9 THE AREZZO AND ANACAPRI 48,3 BRANDS WITH 13.6% AND
Slide 6: Gross Revenue by Channel | Domestic Market
Results | 2Q18 Gross Revenue by Channel | Domestic Market GROSS REVENUE BY CHANNEL / DOMESTIC MARKET (R$ MILLION) 11.6% 782,1 701,0 1,1 28.3% 74,1 2,2 12.4% 57,8 Total 189,9 1 165,6 14.7% Other 25.5% 404,9 Web Commerce 360,3 140,9 18.9% 0,3 139,3 1.1% Multibrand 40,7 0,6 32,5 104,2 Owned Stores 87,6
Slide 7: Distribution Channel Expansion
Results | 2Q18 1.500 Distribution Channel Expansion 70,0 OWNED STORES AND FRANCHISES EXPANSION1 NUMBER OF STORES – DOMESTIC MARKET 2Q18 1.300 60,0 FRANCHISES__ 388 1.100 OWNED STORES 14 50,0 MULTIBRANDS 1,167 1.1% 4.7% 0.7% 1.3% 900 41.2 41.5 42.0 FRANCHISES 67 38.9 39.4 40,0 OWNED STORES 22 700 MUL
Slide 8: Gross Profit and EBITDA
Results | 2Q18 Gross Profit and EBITDA 560,0 GROSS PROFIT (R$ MILLIONS) 60,0% EBITDA (R$ MILLIONS) +90bps +80 bps 160,0 -20 bps 0 bps 158,0 156,0 154,0 152,0 460,0 46.9% 47.8% 150,0 148,0 146,0 45.4% 46.2% 144,0 142,0 140,0 138,0 136,0 134,0 132,0 130,0 128,0 126,0 15.3% 15.1% 13.8% 13.8% 124,0 122,
Slide 9: Net Income
Results | 2Q18 Net Income NET INCOME (R$ MILLIONS) THE COMPANY POSTED A NET MARGIN OF 8.9% IN 2Q18 100,0 16,0% -300 bps -120 bps AND A NET INCOME OF R$ 33.1 MILLION, DOWN 15.7% IN 2Q17. EXCLUDING THE NON-CASH EFFECT, NET INCOME 90,0 11.9% WOULD HAVE REACHED R$ 46.9 MILLION, 19.4% HIGHER 9.8% THAN IN
Slide 10: Operating Cash Flow
Results | 2Q18 Operating Cash Flow OPERATING CASH FLOW (R$ THOUSAND) AREZZO&CO GENERATED R$ 28.0 Operating Cash Flow 2Q18 2Q17 1H18 1H17 MILLION CASH FROM OPERATIONS IN 2Q18, LOWER Profits before income tax and social contribution 34.883 48.497 68.444 82.934 THAN THE AMOUNT PRESENTED IN 2Q17. Deprec
Slide 11: Investments (CAPEX) and Indebtedness
Results | 2Q18 Investments (CAPEX) and Indebtedness CAPEX (R$ MILLIONS) 22,2 INDEBTEDNESS (R$ MILLIONS) 150.9% 5,4 Cash position and Indebtedness 2Q18 1Q18 2Q17 Cash 283.172 333.338 310.115 167.8% 15,0 Total debt 175.501 172.112 110.847 Short term 162.002 156.354 88.311 3,9 207.2% % total debt 92,3%
Slide 12: ROIC (Return on Invested Capital)
Results | 2Q18 ROIC (Return on Invested Capital) Δ 18 x 17 RETURN ON INVESTED CAPITAL (ROIC) Income from operations 2Q18 2Q17 2Q16 (%) AGAIN SHOWED GROWTH IN 2Q18, REACHING 31.2% AND A 750BPS INCREASE VS 2T17. EBIT (LTM) 180.797 169.714 136.651 6,5% + IR and CS (LTM) (15.181) (49.539) (38.515) (69,4
Slide 13: Contacts
Contacts CFO RAFAEL SACHETE IRO ALINE PENNA IR COORDINATOR VICTORIA MACHADO IR ANALYST RAFAELLA NOLLI +55 11 2132 4300 RI@AREZZOCO.COM.BR WWW.AREZZOCO.COM.BR