Investor Presentaiton
Financial Overview
DD3
ACQUISITION CORP.
Betterware
Distributors and Associates
(In '000s)
CAGR: 16%
684
606
36% Growth
(US$ in millions)
404
CAGR: 18%
529
CAGR: 45%
443
372
296
343
384
CAGR: 37%
| 305
Retail Sales and Net Company Sales¹
Retail Sales Growth
43% Growth
149
500
439
213
646
234
104
113
162
500
572
276
420
146
105
152 201
325
91
108
8
10 12 18 23 29
2015 2016 2017 2018 2019P 2020P 2021P 2022P
34
38
17. 20.
48
57
78
125
161 196
231
264
56
79
1H18 1H19
■Distributors
2015 2016 2017 2018 2019P 2020P 2021P 2022P
Associates
1H18 1H19
■Net Company Sales Retail Sales
Gross Margin and EBITDA Margin²
(US$ in millions)
62.4%
62.1%
59.8%
60.0% 60.5% 60.3% 60.3% 60.3%
(US$ in millions)
EBITDA Evolution
CAGR: 19%
36% Growth
23.5% 23.6%
26.4% 25.6% 26.5% 26.7% 26.9% 27.1%
CAGR: 41%
71.4
21.0
62.1
52.3
15.5
42.5
31.9
|
2015
2016
2017
2018 | 2019P 2020P 2021P 2022P
EBITDA Margin
20.5
11.4
13.4
I
Gross Margin
2015 2016 2017 2018 2019P 2020P 2021P 2022P
1H18 1H19
Source: Management
1. Net Company Sales: Revenue after VAT, returns and discounts to Distributors and Associates
2. Over Net Company Sales
Notes: i) Financial information under Mexican GAAP basis
17
ii) Avg MXN/USD FX Rates: 2015 – 15.87, 2016 – 18.68, 2017 – 18.92, 2018 - 19.23, 2019P – 20.0,
2020P-20.0, 2021P - 20.0, 2022P-20.0, 1H2018-19.23, 1H2019-20.0View entire presentation