Institutional Presentation
May 2021
SIMPAR - Direct, control and, if necessary, support the execution of the business plans
FREE FLOAT | JSP | Other¹ | ||
Simões Family Holding Company | ||||
27.2% | 55.6% | 17.2% |
SIMPAR controls and manages six independent companies that provide value-added rental, logistics, mobility and financial services, focused on long-term contracts.
We buy, rent, maintain, finance, operate
and sell vehicles and equipment
SIMH3
1Q21 LTM | ||
(R$ mn) | Holding + Lux | Consolidated |
Net Revenue | - | 10,070 |
EBITDA5 | - | 2,492 |
Net Income6 | - | 643 |
Cash | 3,098 | 8,295 |
Total Debt | 5,081 | 17,790 |
Net Debt | 1,983 | 9,495 |
Net Capex | - | 2,752 |
Net Debt/EBITDA5 | - | 3.7x |
Market Cap.4 | - | 9,824 |
SIMPAR Europe + SIMPAR
Finance (Luxembourg)
1Q21 | (US$ mn) | (R$ mn)3 |
Bond | 625 | 3.247 |
Caixa e eq. | 178 | 924 |
CLN | 478 | 2.483 |
Entities breakdown:
Issuer
Guarantor
Restricted Subsidiaries
Free Other²
Float
22.6% 3.8%
JSLG3 | 73.6% |
Free Other¹
Float
44.5% | 0.4% | |
MOVI3 | 55.1% | |
Free Other¹
Float
22.0% 0.9%
VAMO3 | 77.1% | 100.0% | 100.0% | 100.0% |
(R$ mn) | 1Q21 LTM |
Net Revenue | 3,001 |
EBITDA | 449 |
Net Income | 79 |
Cash | 600 |
Total Debt | 2,228 |
Net Debt | 1,628 |
Net Capex | 81 |
Net Debt/EBITDA | 3.1x |
Total Mkt Cap4 | 3,061 |
SIMPAR Stake | 2,253 |
Leader in road logistics
services in Brazil
(R$ mn) | 1Q21 LTM |
Net Revenue | 3,879 |
EBITDA5 | 974 |
Net Income5 | 288 |
Cash | 3,091 |
Total Debt | 6,431 |
Net Debt | 3,340 |
Net Capex | 1,017 |
Net Debt/EBITDA | 3.2x |
Total Mkt Cap4 | 5,269 |
SIMPAR Stake | 2,903 |
Car Rental - Light Vehicles
(R$ mn) | 1Q21 LTM |
Net Revenue | 1,738 |
EBITDA | 704 |
Net Income | 216 |
Cash | 814 |
Total Debt | 2,296 |
Net Debt | 1,482 |
Net Capex | 1,037 |
Net Debt/EBITDA | 2.1x |
Total Mkt Cap4 | 10,872 |
SIMPAR Stake | 8,383 |
Rent and sale of Trucks, Machinery and Equipment
(R$ mn) | 1Q21 LTM | (R$ mn) | 1Q21 LTM | (R$ mn) | 1Q21 LTM | ||
Net Revenue | 887 | Net Revenue | 615 | Net Revenue | 44 | ||
EBITDA | 338 | EBITDA | 44 | EBITDA | 16 | ||
Net Income | 83 | Net Income | 14 | Net Income | 6 | ||
Cash | 663 | Cash | 72 | Cash | 25 | ||
Total Debt | 1,754 | Total Debt | 0 | Total Debt | 0 | ||
Net Debt | 1,091 | Net Debt | -72 | Net Debt | -25 | ||
Net Capex | 522 | Net Capex | 0 | Net Capex | 0 | ||
Net Debt/EBITDA | 3.2x | Net Debt/EBITDA | n.a. | Net Debt/EBITDA | n.a. | ||
Public sector and mixed | Authorized dealerships of | Leasing, Freight Payment | |||||
economy services | light vehicles | and Financial Services | |||||
Notes: (1) Shares directly held by individuals in the Simões Family, Directors and Treasury Shares; (2) Shares directly held by individuals in the Simões Family, Directors, Treasury Shares and JSP Holding; (3) US$ 1 = R$5.19; (4) Updated in 05/21/21; | |
(5) Disregards the reversal of impairment realized in 4Q20 by Movida; (6) Excluding: (i) amortization of goodwill on the acquisition of Fadel and Transmoreno in the amount of R$5.6 million in 1Q21 made by JSL, (ii) the provision for the call premium on | 2 |
the Bond due in 2024 scheduled for July 2021 in the amount of R$27.1 million and (iii) the reversal of impairment realized in 4Q20 by Movida |
Evolution of the last 5 years
2015 | 2020 |
STRUCTURE
MANAGEMENT
BOARDS
TOTAL FLEET
1 company listed
Centralized Management
1 board of directors
84k
Holding + 6 independent companies, 4 of which are listed companies
CEOs, CFOs and directors aligned, with long-term incentives and exclusive focus on each of their businesses
4 boards of directors with 8 independent members
17 committees
169k
R$ million
Gross Revenue
Cash Generation1
(EBITDA / Margin2)
33.4%
Net Income1 |
(Margin) |
5.3% |
Net Capex
(Last 5 years)
1.7x
10,875
21.5%
2,320
0.8% |
2.1x 9,555
6,561 2.7x PIB
1,092 2.1x
11.2x | 522 | |
47 | 8.2x | 383 |
4,482
20152020
20152020
2015 | 2020 |
20152020
Consolidated | Controllers | |
Notes: (1) Net Income and Adjusted EBITDA: Disregard effects of the impairment realized in 1Q20 and the reversal of impairment realized in 4Q20 by Movida; (2) Margin as a percentage of Net Revenue of Services | 3 |
Strategic moves made in 2020 to April 2021
12 months
Corporate
Reorganization
(Seta Project)
BRT Sorocaba
Aug
20
Transmoreno
Fadel Acquisition
Acquisition
Only 4 months | |||||||
Rodomeu Acquisition | |||||||
Feb | |||||||
Port Terminal Auctions | |||||||
21 | Monarca | ||||||
Sep | Dec | Acquisition | |||||
20 | |||||||
20 | |||||||
Mar | |||||||
Jan | 21 | ||||||
21 | |||||||
JSL IPO | Vamos IPO |
Vox Acquisition | April |
21 | |
TPC Acquisition | New Fendt Concession |
Agreement |
BYD Forklift Truck | |
Show of interest in the consolidation of | Acquisition |
the Light Fleet Management CS | |
business into Movida |
4
Solid foundations for a new cycle of growth and profit
New growth cycle with constant improvement of results and sustainability
Solid foundations were built for the new cycle of growth and profit
People, governance, boards, capital structure or diversification of the Holding's businesses
We are well positionedin segments with high growth potentialin the real economy
Essential services that assure us a solid demand and resilience in results
We will remain in control of the business,preserving our culture, values,and management model,which does not mean having more than a 50% stake in the companies
We will spare no efforts or resourcesto ensure the transformation of sizeof subsidiaries
Executives Own the Businesses, with compensation aligned to the goals and objectives defined by the Board of each company, focused on growth, profitability and sustainability
Significant increase in the use of technologyto achieve cost reductions, efficiency gains, and to increase business effectiveness
R$ million | Gross Revenue | Cash Generation | ||
(EBITDA) | ||||
1.7x 18,487 | 2.1x 4,871 | |||
1.7x 10,875 | 2.1x | |||
IF YOU | ||||
REPEAT | 2,320 | |||
6,561 | IF YOU | |||
WHAT WAS | 1,092 | REPEAT | ||
DONE | ||||
DONE | WHAT WAS | |||
2015 | To 2020 To 2025 | 2015 | To 2020 | To 2025 |
If we were to repeat the evolution of the results of the last 5 years, these would be some of our numbers
But we believe we are structured to overcome them
5
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Simpar SA published this content on 26 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 21:50:03 UTC.