Investor Presentaiton
Financial
Highlights
The company is regaining good financial results, bringing optimism and confidence
for the future
Net Revenues and Adjusted Gross Margin¹
(R$ mn)
26.9-30.633.3-36.7—36.3—35.0-32.2.
15.0
19.2
24.1
14.0.
5.6
Net Revenue
817
2013
570
2014
851
1,053
1,358
1,681
1,950
2,282
2,540 2,413
2015
2016
2017
2018
2019
2020
2021
2022
573
3T22
786
3T23
Adjusted Gross Margin
G&A Expenses and G&A / Gross Sales
(R$ mn)
11.9 15.3
9.9 8.5- 7.0 7.4
6.0 6.8 7.4-8.6
9.4 7.1
G&A expenses
G&A / Net Revenue
97
87
2013
2014
84
2015
90
95
2016 2017 2018 2019
S&M Expenses S&M / Gross Sales
R$ million (VGV) and inventory turnover (in months of net sales)
124
117
154
188
208
2020
2021
2022
54
3T22
56
3T23
S&M Expenses
7.1-
5.8
5.4
6.4 7.6 7.1
7.3-
6.9
-6.8.
8.4 9.8.
5.8
S&M Gross Sales
78
2013
53
65
90
137
145
163
201
246
241
2014
2015
2016
2017
2018
2019
2020
2021
2022
59
3Q22
62
3Q23
Net Income and Net Margin
(R$ mn)
3.6- 5.4 7.9
11.9
13.5
8.8
-7.5
-3.0
-14.5 -19.2
-22.7
Net Revenue
200 264
200
-36.7
30
57
107
Adjusted Gross Margin
-24
-118 -109
-191
-210
-547
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
3T22
3T23
Source: Company. Consolidated numbers.1. Adjusted for capitalized interest.
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