3Q21 RESULTS
November 11, 2021
3Q21 Financial Highlights - Consolidated
Best quarter of our history
Net Income | +358.0% YoY | Net Revenue | +67.5% YoY | EBITDA | +98.4% YoY |
+1.9% QoQ | +24.7% QoQ | +20.8% QoQ | |||
from Services |
R$ 399mn | Recurrent: R$ 384 mn | R$ 3.0bn | R$ 1.2bn | EBITDA margin¹: 38.4% |
Net Inc. margin: 10.1% |
Net Capex | Net Debt/EBITDA² | 3.3x - 3Q20 | ROIC 3Q21 | ROE 3Q21 | |
3Q21 LTM | +134.7% vs 2020 | Annualized | Annualized | ||
R$ 6.7bn | 3.3x | 3.5x - 4Q20 | 14.8% | 31.5% | |
3.3x - 2Q21 |
Notes: (1) Margin as a percentage of Net Revenue from Services; (2) Following the methodology included in the covenants of the indentures of the issues, leverage does not consider impairment effects and considers LTM EBITDA of the | 2 |
acquired companies |
SIMPAR's Strategic Actions in 3Q21
Producing future results through robust investments in the development of the subsidiaries
- Gross Capex of R$9.3 billion and Net Capex of R$6.7 billion in the last 12 months (excluding acquisitions)
- Investments already made indicate that the future results will be robust and sustainable
Conclusion of the acquisition of CS Frotas by Movida
- In line with the highest governance standards, Movida's proposal to acquire CS Frotas was unanimously approved by Movida's minority shareholders, contributing to the value creation for the shareholders of both companies
Liability management to ensure the execution of the growth agenda for the coming years
- Vamos' follow-on in the amount of R$1.1 billion (fully primary)
- Funding and extension totaling R$5.6 billion in 3Q21, ensuring the Company's growth
- Consolidated cash position: R$11 billion at the end of the quarter
- Full redemption of the 2024 bonds in July 2021, whose disbursement for payment totaled US$184 million or R$953 million
Subsequent Event - CS Infra: Proposal to acquire Ciclus
- In October, independent board members approved the proposal to acquire Ciclus and forwarded it for analysis at the EGM to be held on 11/29/21
- Clearly demonstrating the best governance practices and respect for its shareholders, for the fourth time, the controlling shareholder will vote following the minority shareholders' decision
Subsequent event - BBC: Management team reinforced with Paulo Caffarelli as the CEO of BBC Leasing & Conta Digital
- The executive will be responsible for implementing BBC's transformation plan and for contributing to SIMPAR's ecosystem
3
Sustainable Value Creation through Business Diversification
Focus on businesses with resilient revenues and high growth potential, respecting capital discipline and return
Holding company engaged in the development of its subsidiaries
• People | • M&A - Acquisition and |
- Management Model New Businesses
• Sustainability, | 71.9% | 63.0% | 71.9% | 100.0% | 100.0% | 100.0% | 100.0% | |
• Culture and Values | Governance and Profit | |||||||
Solid bases that generate: | ||||||||
= | Port Terminal | |||||||
ATU-18 | ||||||||
• Resilient Results | Port Terminal | |||||||
ATU-12 | ||||||||
• New growth drivers | Transcerrados | |||||||
= | Highway | |||||||
BRT Sorocaba | ||||||||
SUSTAINABLE | Incorporation to be approved by | |||||||
Value Creation | minority shareholders on 11/29/21 |
4
Sustainable Value Creation through Business Diversification
Focus on businesses bringing resilient revenues and high growth potential, respecting capital discipline and return
Performance since the IPO1, 2 (SIMH3) - Market CapPerformance since the IPO¹ (MOVI3, JSLG3 and VAMO3²)
+111% | ||||||||||||
R$1.6 bn | R$5.7 bn | Since the IPO | ||||||||||
+478% Since the IPO | R$7.50 | R$15.93 | +18% p.a. | |||||||||
+16% p.a. (nominal) | MOVI3 | MOVI3 | ||||||||||
Feb-2017 | Oct-2017 | Jun-2018 | Feb-2019 | Oct-2019 | Jun-2020 | Feb-2021 | Nov-21 | Nominal return | ||||
R$1.1B | IPO | R$9.3 bn | Market Cap (R$ million) | Price per Share (R$) | ||||||||
IPO | R$2.7 bn | R$2.1 bn | ||||||||||
(23%) | ||||||||||||
R$9.60 | R$7.35 | Since the IPO | ||||||||||
JSLG3 | JSLG3 | |||||||||||
IPO | Nov-20 | Jan-21 | Mar-21 | May-2021 | Jul-21 | Sep-2021 | Nov-21 | |||||
Market Cap (R$ million) | Price per Share (R$) | |||||||||||
IPO | ||||||||||||
(JSL S.A.) | ||||||||||||
R$5.9 bn | R$12.4 bn | |||||||||||
R$2.00 | R$11.56 | +97% | ||||||||||
SIMH3 | SIMH3 | R$6.50 | R$12.80 | |||||||||
VAMO3 | VAMO3 | Since the IPO | ||||||||||
Apr-10Jul-11Oct-12Jan-14Apr-15Jul-16Oct-17Jan-19Apr-20 | Nov-21 | Jan-21 | Mar-21 | May-2021 | Jul-21 | Sep-2021 | Nov-21 | |||||
Market Cap (R$ million) | Price per Share (R$) |
Notes: (1) Market cap at closing on 10/25/2021; (2) Considers split held in August/21 | |
Notes: (1) Market value of 11/09/2021; (2) Considers the split carried out in August/21 | 5 |
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Simpar SA published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 12:56:04 UTC.