Meliuz SA (BSP:CASH3)
R$ 6.25 -0.19 (-2.95%) Market Cap: 704.70 Mil Enterprise Value: 462.61 Mil PE Ratio: 0 PB Ratio: 1.57 GF Score: 79/100
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Q4 2024 Meliuz SA Earnings Call (English, Portuguese) Transcript

Mar 12, 2025 / 02:00 PM GMT
Release Date Price: R$3.47

Key Points

Positve
  • Meliuz SA (BSP:CASH3) successfully completed an operational turnaround, achieving a positive adjusted EBITDA of 54.1 million in 2024, compared to a negative 93 million in 2023.
  • The company reported a significant increase in user base, growing from 30 million accounts in Q4 2023 to 38.4 million in Q4 2024, representing a rapid growth rate.
  • Meliuz SA's net revenue grew by 12% year-on-year in 2024, with a notable acceleration in the second half of the year.
  • The company achieved a 62% growth in new shopping accounts, driven by successful Black Friday promotions and increased user engagement.
  • Meliuz SA launched new financial services products, including Meliuz Prime and investment options, which contributed to increased user retention and engagement.
Negative
  • Despite the positive turnaround, Meliuz SA's revenue growth was modest at only 2% in 2023, indicating challenges in accelerating growth during the initial phase of the turnaround.
  • The company faced impacts on net take rates, although it maintained levels above 2%, which could affect profitability if not managed carefully.
  • Personnel and general administrative expenses showed significant drops year-on-year, raising questions about sustainability and potential underinvestment in key areas.
  • The transition to an asset-light model with BB required disinvestment, which may have short-term impacts on revenue generation and growth.
  • Meliuz SA's focus on maintaining stringent cost controls and efficient investment allocation could limit flexibility in responding to market changes or opportunities.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CASH3.SA - Meliuz SA
Q4 2024 Meliuz SA Earnings Call (English, Portuguese)
Mar 12, 2025 / 02:00PM GMT

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Conference Call Participants
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* Editor

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Presentation
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Unidentified Company Representative [1]
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(interpreted) Good morning. Everyone, we have a great deal of people coming in. We're going to wait a bit. Good morning everyone and thank you for attending another Muse earnings results conference for 2024. Before we begin, I would like to inform you that this conference call is being simultaneously translated into English. For those who wish to change the language, simply click on the interpretation button at the bottom of the screen. I am Martin. Pena, the company investor relations and corporate governance officer, we have Gabriel Lourdes, CEO and director of growth strategy and new business. I would like
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