20140507 apresentação webcast 1 t14 eng vf
TRANSCRIPT
EARNINGS
May 07, 2014
1Q14
Presentation
The THE COMPANY MAKES FORWARD LOOKINGSTATEMENTS THAT ARE SUBJECT TO RISKS AND UNCERTAINTIES
These statements are based on the beliefs and assumptions of our management as well as on information currently available to us. Forward-looking statements
include information regarding our current intent, beliefs or expectations, in addition to those of the members of the Board of Directors and Executive Officers of the
Company.
Forward-looking statements also include information regarding our possible or assumed future operating results, as well as statements preceded or followed by, or
that include, the words ''believes”, ''may”, ''will”, ''continues”, ''expects”, ''anticipates”, ''intends”, ''plans”, ''estimates”, or similar expressions.
Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions, for they relate to future events, thus depending on
circumstances that may or may not occur. Our future results and the creation of value to shareholder s may differ significantly from those expressed in or suggested by these
forward-looking statements. Many factors determining these results and values are beyond Cielo’s ability to control or predict.
DISCLAIMER
Cielo signs memorandum of understanding for a stake at Stelo, a
new Facilitator for Online Payment and Digital Wallet
Cielo is included in the OTCQX ADR 30 Index ("OTCQX30")
3
1Q14 x 1Q13
Net Income totaled R$803 million ,+27.4% and Net Margin of 44.2%;
EBITDA totaled R$ 1.0 billion,+16.7% and EBITDA Margin of 55.1%;
Transaction Financial Volume totaled R$119.6 billion, +22.5%
Net Operating Revenue R$ 1.8 billion, +19.3%
HIGHLIGHTS
4Q13 1Q14
TRANSACTION FINANCIAL VOLUME
Annual Evolution (R$ million)
62,088 73,120
35,534
46,454
1Q13 1Q14
119,574
97,623
Credit Debit
22.5%
4 The financial volume does not include Merchant E-Solutions transactions, i.e., it comprises the financial volume of the domestic market only.
Quarterly Evolution (R$ million)
79,524 73,120
52,116 46,454
119,574 131,640
-9.2%
5
3Q13 2Q13 1Q13
The financial volume does not include Merchant E-Solutions transactions, i.e., it comprises the financial volume of the domestic market only.
FINANCIAL VOLUME EVOLUTION GROWTH
26.7%
22.9%
19.6%
12.4% 11.8%
14.3%
17.7%
23.3% 22.5%
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14
Y-o-Y GROWTH OF TRANSACTION FINANCIAL VOLUME
FINANCIAL VOLUME EVOLUTION GROWTH
6
2012
2013 2014
The financial volume does not include Merchant E-Solutions transactions, i.e., it comprises the financial volume of the domestic market only.
26.7%
22.9%
19.6%
12.4% 11.8%
14.3% 17.7%
23.3% 22.5%
1Q 2Q 3Q 4Q
NUMBER OF TRANSACTIONS
Quarterly Evolution (million)
624 592
778 727
4Q13 1Q14
1,318 1,403
-6.0%
7 The number of transactions does not include Merchant E-Solutions transactions, i.e., it comprises the number of transactions of the domestic market only.
Annual Evolution (million)
515 592
574
727
1Q13 1Q14
1,318 1,089
21.0%
Credit Debit
1,738 1,831 1,867
1,290 1,426 1,435
1Q13 4Q13 1Q14
Annual and Quarterly Evolution (Thousand)
11.2%
7.4%
2.0%
0.6%
* Points of Sales Merchants are those that have made at least a single transaction in the last 30 days .
POS Terminals
Points of Sales Merchants (30 days)* 8
OPERATIONAL INDICATORS
4Q13 1Q14
1,523.5
1,817.7
1Q13 1Q14
Quarterly Evolution (R$ million)
NET OPERATING REVENUE
NET OPERATING REVENUE
1,853.5 1,817.7
Annual Evolution (R$ million)
-1.9%
19.3%
9
4Q13 1Q14
557.0 659.7
201.5
259.2
1Q13 1Q14
Quarterly Evolution (R$ million)
Costs +
Expenses
per
transaction
1Q13 1Q14
Total (R$
cents) 0.70 0.70
Costs+
Expenses
per
transaction
4Q13 1Q14
Total (R$
cents) 0.74 0.70
Annual Evolution (R$ million)
919.0
758.6
Costs Expenses
21.1%
10
727.1 659.7
313.5 259.2
919.0
-11.7% 1,040.7
COSTS + EXPENSES
393.2 410.2
186.9 191.0
4Q13 1Q14
Quarterly Evolution (R$ million)
Gross Revenue of Prepayment of Receivables Net Revenue of Prepayment of Receivables*
2.2%
4.3%
*Net of Cost of Funding Managerial 11
227.7
410.2
124.5
191.0
1Q13 1Q14
Annual Evolution (R$ million)
53.4%
80.2%
PREPAYMENT OF RECEIVABLES
8,285
13,618
13.4 18.7
1Q13 1Q14
Average
Term 1Q13 1Q14
#
Business
Days
44.7 39.5
#
Calendar
Days
65.5 58.4
% Prepayment over Total Credit Volume Financial Volume of Prepayment
Annual Evolution (R$ million)
64.4%
12
Average
Term 4Q13 1Q14
#
Business
Days
39.7 39.5
#
Calendar
Days
58.6 58.4
13,726 13,618
17.3 18.7
4Q13 1Q14
Quarterly Evolution (R$ million)
-0.8%
PREPAYMENT OF RECEIVABLES NDICATORS
13
858.5
1.001.4
Annual Evolution (R$ million)
56.3 55.1
16.7%
1Q13 1Q14
912.7
1001.4
Quarterly Evolution (R$ million)
9.7%
4Q13 1Q14
49.2 55.1
EBITDA MARGIN EBITDA
EBITDA
720.7 802.7
38.9 44.2
4Q13 1Q14
Quarterly Evolution (R$ million)
NET MARGIN NET INCOME
11.4%
14
630.3
802.7
41.4 44.2
1Q13 1Q14
Annual Evolution (R$ million)
27.4%
NET INCOME
