Average rental rate (in R$) and utilization rate (%)
Car Rental
75,9%81,3%
Revenue - Fleet Rental
R$ million
14.7%
302,7
264,0
3Q203Q21
Average rental rate (in R$) and utilization rate (%)
Fleet Rental
97,8%97,9%
37.8%
92,0
8.4%
66,8
53,9
58,4
3Q203Q21
Rental rate - R$
Utilization
3Q203Q21
Rental rate - R$
Utilization
2
FINANCIAL HIGHLIGHTS
Net revenues
R$ million
-9.6%
3.067,6
2.772,2
-36.1%
2.044,3 1.305,8
43.3%
EBITDA
R$ million
83.1%
1.186,7
648,1
1.023,3
1.466,4
3Q203Q21
Rental
Used car sales
EBIT
R$ million
112.2%
1.068,8
503,6
3Q203Q21
3Q203Q21
Net income
R$ million
106.3%
671,4
325,5
3Q203Q21
STRONG LEVELS OF PROFITABILITY WHILE THE FOCUS IS ON ADEQUATE ASSET MANAGEMENT AND CAPITAL ALLOCATION
3
CAR RENTAL
Number of rental days
in thousands
46.746
50.447
8.7%
35.285
36.461
39.638
25.264
11.0%
18.662
12.494
13.865
2016
2017
2018
2019
2020
9M20
9M21
3Q20
3Q21
Net revenues
R$ million, including royalties
3.048,6
3.145,0
45.0%
3.073,6
2.536,5
2.119,2
1.865,0
1.445,0
54.1%
1.163,7
755,3
2016
2017
2018
2019*
2020
9M20
9M21
3Q20
3Q21
(*) From 2019 the Company begun to record PIS and COFINS credits in SG&A. Before, those credits were recorded as a reduction of sales taxes.
GROWTH RESUMPTION, EVEN IN A CONTEXT OF LIMITED CAR SUPPLY
4
CAR RENTAL
5.4p.p.
78,0%
78,6%
79,6%
79,1%
75,9%
81,3%
73,5%
37.8%
92,0
79,7
75,2
72,9
71,6
68,5
66,8
2016
2017
2018
2019
2020
3Q20
3Q21
Rental rate - R$
Utilization
UTILIZATION RATE ABOVE 81%, WHILE PRICE MANAGEMENT AND SEGMENT MIX CONTRIBUTE TO INCREASING AVERAGE DAILY RATE. AS A RESULT, RAC'S NET REVENUE PRESENTS STRONG GROWTH.
5
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Localiza Rent a Car SA published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 14:08:10 UTC.
Localiza Rent a Car S.A. specializes in renting vehicles. Net sales break down by activity as follows:
- car renting (80.8%);
- automotive fleet long-term renting (19.2%): to companies.
At the end of 2021, the group operated a fleet of 289,796 vehicles, including 289,739 company-owned.
Brazil accounts for 99.5% of net sales.