3Q21 and 9M21 Results
November 26th, 2021
Legal Notice
In this presentation we make statements about future events (forward-looking statements) that are subject to risks and uncertainties. These statements are based on beliefs and suppositions of our Management and information to which the company currently has access. Statements about future events include information about our present intentions, beliefs or expectations, and those of the members of the company's Board of Directors, and Executive Officers. Reservations in relation to statements and information about the future also include information about possible or presumed operational results, and also statements that are preceded or followed by or which include the words "believe", "may", "will", "continue", "expect", "forecast", "intend", "plan", "estimate", or similar expressions. Statements and information about the future are not guarantees of performance. They involve risk, uncertainties and suppositions because they refer to future events, and thus depend on circumstances which may or may not occur. Future results and the creation of value for stockholders may differ significantly from those expressed or suggested by forward-looking statements. Many of the factors that will determine these results and amounts are beyond Metalfrio Solutions' capacity to control or forecast.
Information on performance that is not directly derived from financial statements, such as, for example, information about the market, quantities produced and sold, production capacity, or calculation of adjustments on our results were not subject of audit by our external auditors.
Technology - based Cold Solutions Provider to Global Consumer Brands | 2 |
3Q21 Highlights
Million Reais | 3Q21 | 3Q20 | % Var | 9M21 | 9M20 | % var. |
Revenues | 414.9 | 341.0 | 21.7 | 1,487.3 | 1,058.7 | 40.5 |
Gross Profit | 57.1 | 56.6 | 1.0 | 227.5 | 188.4 | 20.7 |
Operational Profit | 16.8 | 13.3 | 26.0 | 92.3 | 57.9 | 59.4 |
EBITDA | 32.1 | 27.0 | 18.8 | 140.3 | 99.1 | 41.6 |
Adjusted EBITDA | 32.4 | 33.3 | (2.6) | 141.9 | 114.3 | 24.1 |
Net Profit | (37.6) | (37.5) | 0.2 | (12.9) | (157.5) | (91.8) |
- Revenues increased by 22% in 3Q21 to R$415 million and 40% in 9M21 to R$1,487 million benefiting from the diversified customer base developed during the pandemic and the recovery in Brazilian market.
- Revenues from Services increased 18% to R$69 million for 3Q21, compared to R$59 million in 3Q20
- In 3Q21 EBITDA was R$32million and R$140 million in 9M21, an increase of 19% and 42% respectively whilst the LTM EBITDA level was R$172 million (LTM Adjusted EBITDA was R$179 million)
- Net Loss of R$38 million in 3Q21 and R$13 million for the nine months, compared with net losses of R$37 million and R$157 million for the respective periods of previous year.
Technology - based Cold Solutions Provider to Global Consumer Brands | 3 |
COVID-19 Impact
Revenues
• Continuous momentum with | Revenues YoY |
demand exceeding pre-covid | |
levels |
- Still lower demand from Key- Accounts when compared with pre-pandemic levels
- Versatility to adjust sales mix
- Service contribution
- Material Costs
- Impacted by commodities super cycle
- Material shortage requesting extraordinary costs
- Freight constrains
Technology - based Cold Solutions Provider to Global Consumer Brands | 4 |
Net Revenue
547.4 | 393.9 | 569.6 | 364.9 | 776.5 | 557.7 | |
35.6% | 34.5% | 37.5% | ||||
39% | ||||||
9M19 | 51%3.8 | 52.2% | 9M21 | |||
49.5% | 9M20 | |||||
14.9% | 11%11.7% | 10.3% | ||||
164.6 | 124.2 | 153.1 | ||||
South America | Central & North America | EMEA |
207 | ||||||||
193 | 29 | |||||||
22 | ||||||||
29 | ||||||||
40 | ||||||||
1,487 | ||||||||
1,106 | 1,059 | |||||||
9M19 | South america | Central and | EMEA | 9M20 | South america | Central and | EMEA | 9M21 |
North America | North America |
Values in R$ MM
Technology - based Cold Solutions Provider to Global Consumer Brands | 5 |
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Metalfrio Solutions SA published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 12:49:03 UTC.