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    LREN3   BRLRENACNOR1

LOJAS RENNER S.A.

(LREN3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-08-09 pm EDT
26.86 BRL   -2.33%
08/05TRANSCRIPT : Lojas Renner S.A., Q2 2022 Earnings Call, Aug 05, 2022
CI
08/05LOJAS RENNER S A : 2Q22 Earnings Results Video Conference Presentation
PU
08/04Lojas Renner S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
CI
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Lojas Renner S A : 2Q22 Earnings Results Video Conference Presentation

08/05/2022 | 10:26am EDT

Net revenue from retailing resulting in robust growth with

consecutive gains in market share

5,405.4

3,623.1

3,175.7

2,019.4

2,258.7

308.6%

9.3%

539.6

37.9%

70.2%

46.1%

-74.1%

2Q19

2Q20

2Q21

2Q22

1H21

1H22

Net Revenue (R$ MM)

SSS - Same Store Sales (%)

+40.6%

+57.3%

versus 2Q21

versus 2Q19

  • Consistent gain in market share
  • Flows still lower than 2019, but ~10% gain in volume vs 1Q19
  • Fall/Winter collection well received
  • Intense and early winter
  • Efficiency gains from Omni initiatives (technology, data and execution)

- 2 -

Digital GMV: consistent growth with new channels achieving

greater relevance

32.1%

979.9

27.3%

741.8

545.8

35.6%

428.9

112.2

248.8

14.5%

13.0%

15.7%

13.9%

4.2%

2Q19

2Q20

2Q21

2Q22

1H21

1H22

Digital GMV (R$ MM)

Penetration (%)

Renner is Top of Mind,

13%

also in online fashion

8%

7% 7% 7%

6%

5% 5%

4% 4% 4%

3% 3%

2% 2%

Source: NIQ Ebit - Top Of Mind - 2Q22

- 3 -

Gross Margin close to pre-pandemic levels, with markdowns at the lowest levels in the past few years

3,009.6

1,781.7

1,952.8

1,139.6

1,241.9

56.4%

55.0%

56.1%

53.9%

55.7%

241.8

44.8%

2Q19

2Q20

2Q21

2Q22

1H21

1H22

Gross Profit (R$ MM)

Gross Margin (%)

2Q19 2Q20 2Q21 2Q22

% markdown

+1.1p.p.

-0.3p.p.

in Margin

in Margin

versus 2Q21

versus 2Q19

  • Fall/Winter collection assertiveness
  • Correct inventory composition
  • Use of Data Analytics and AI for establishing fulfillment with delivery of the most suitable grades to the stores

- 4 -

SG&A Operating Expenses: return to pre-pandemic levels, a result of operational

leverage and efficiency gains, despite conjunctural effects and significant investments in the ecosystem

SG&A post-IFRS 16 % NOR

837.5

Growth NOR +57%

SG&A +56% ->-0.3 p.p.

1,057.5

678.3

>0.1p.p.

<0.1p.p.

<0.1p.p.

421.5

33.6%

33.3%

78.1%

BAU

Digital penetration

Omni Ecosystem

37.1%

• Inflation

• Marketing

• Tribes

• Store expansion

• Freight

• IT/Data/NB

• New DC

• 3P services

• Team structure

• 3P services

2Q20

2Q21

2Q19

2Q22

- 5 -

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Lojas Renner SA published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 14:25:01 UTC.


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Financials
Sales 2022 12 904 M 2 512 M 2 512 M
Net income 2022 1 289 M 251 M 251 M
Net cash 2022 2 668 M 519 M 519 M
P/E ratio 2022 20,5x
Yield 2022 1,74%
Capitalization 26 013 M 5 065 M 5 065 M
EV / Sales 2022 1,81x
EV / Sales 2023 1,59x
Nbr of Employees 25 474
Free-Float 96,9%
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Technical analysis trends LOJAS RENNER S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 26,86 BRL
Average target price 34,16 BRL
Spread / Average Target 27,2%
EPS Revisions
Managers and Directors
Fabio Adegas Faccio Chief Executive & Information Officer
Daniel Martins dos Santos Chief Financial & Administrative Officer
José Galló Chairman
Fabiana Silva Taccola Chief Operating Officer
Fábio de Barros Pinheiro Independent Director
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