Earnings Release
ri.getnet.com.br | ir@getnet.com.br
INDEX
STRATEGY | 07 |
GETFRIDAY & CHRISTMAS: TIME TO CELEBRATE | 08 |
WE CONTINUED TO GROW IN E-COMMERCE | 09 |
COMMERCIAL STRENGTH | 09 |
SANTANDER CHANNEL | 10 |
INDEPENDENT CHANNEL | 11 |
LOGISTICS | 11 |
CUSTOMER SERVICE | 12 |
TECHNOLOGY TO SCALE | 13 |
CREDIT | 14 |
ESG & DEI | 14 |
OPERATIONAL RESULTS | 14 |
NET REVENUE | 16 |
COSTS | 17 |
SG&A | 18 |
FINANCIAL RESULTS | 19 |
NET INCOME | 20 |
EBITDA | 24 |
EARNINGS DISTRIBUTION | 24 |
CORPORATE STRUCTURE | 24 |
ACCOUNTING AND MANAGERIAL RESULTS RECONCILIATION | 24 |
BALANCE SHEET | 25 |
CASH FLOW | 25 |
2
São Paulo, March 10th, 2022.
Getnet Adquirência e Serviços para Meios de Pagamento S.A. (B3: GETT3, GETT4 and GETT11, and NASDAQ: GET) announces its consolidated results for the fourth quarter of 2021 ("4Q21"). Our operating
and financial data are presented on a consolidated basis, pursuant to the Brazilian Corporation Law ("Law No. 6,404/1976"), as well as accounting practices set forth by the Accounting Pronouncements Committee ("CPC") and International Financial Reporting Standards ("IFRS").
E-commerce as a relevant growth driver
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Our results for the 4th quarter of 2021 consolidate the company's efforts to be the most complete business platform on the market
Pedro Coutinho
CEO
We will act as agents of change, leading the transformation of the market and building a promising future for Getnet and our clients
Cássio Schmitt
Incoming CEO
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Management Letter
To all our employees, customers, and shareholders.
Brazilian society faced another extremely challenging year in 2021. Its early months marked the start of the second wave of COVID-19 contamination, which extended mostly through the second quarter, culminating in the highest death toll since the pandemic began. During the same period, however, the vaccination campaign gained traction, allowing for a gradual easing of restrictive measures against the pandemic, thereby boosting economic recovery with the reopening of businesses.
The restoration of economic activity had a direct impact on Getnet's operations due to its connection with essential consumption items by Brazilian families. As a result, the Company witnessed a rebound in volumes, particularly in the wholesale segment, which recovered more swiftly, while small and medium-sized businesses exhibited a more modest and gradual improvement, picking up steam in the final quarter of 2021. These variables impacted our TPV mix, leading retail to capture around 40% of our financial volume in the first half of the year. Nonetheless, following the aforenoted easing, we finished 4Q21 with retail accounting for 45% of our TPV mix, sustaining a similar level to 3Q21 despite increased wholesale volumes, thanks to major dates in the period, namely Black Friday and Christmas. Thus, we expect the volume rebound in this segment to continue in 2022, ultimately supporting the expected recovery in results.
In parallel, the pandemic ushered in new consumption dynamics centered on the digital world, a market in which we have invested heavily since 2018, predicated on the conviction that providing our customers with a secure multi-serviceplatform would differentiate us in the future. These investments have resulted in our e-commerce services platform becoming one of the primary drivers of the Company's annual growth. In 2021, e-commerce TPV was BRL 96 billion, representing 23% of our overall TPV and 58% higher than 2020.
E-Commerce TPV
BRL
96Bn
2021
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Getnet Adquirencia e Servicos para Meios de Pagamento SA published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 12:32:01 UTC.