Q3 2025 Movida Participacoes SA Earnings Call (English, Portuguese) Transcript
Key Points
- Movida Participacoes SA (BSP:MOVI3) reported record highs in net revenue, EBITDA, and EBIT for the third quarter of 2025, showcasing strong operational improvements.
- The company achieved a significant increase in rental revenue, growing 15% year-on-year, despite only a 4% increase in the operating fleet.
- Movida's strategic initiatives, such as the expansion of digital experiences and the launch of Movida Pit Stop, have enhanced customer convenience and operational efficiency.
- The company maintained strong pricing levels in its fleet sourcing segment, with new contracts delivering higher average monthly yields compared to the previous year.
- Movida's loyalty program has attracted over 2.5 million registered customers, aiming to increase rental frequency and strengthen customer relationships.
- There was a slight increase in depreciation per car due to higher acquisition costs, which could impact future profitability if not managed carefully.
- Despite strong operational performance, the company's leverage guidance for the fourth quarter does not imply a major reduction in leverage, indicating potential financial constraints.
- The average selling price of used cars increased, but this was partly due to a shift in sales mix, which may not be sustainable long-term.
- Movida's occupancy rate for rental cars was at 72%, which is below the optimal level, suggesting room for improvement in fleet utilization.
- The company faces challenges in migrating more cars from wholesale to retail sales, which could limit potential profitability gains from retail channels.
Welcome to Movita 325 earnings call. Today joining us are Gustavo Moscatelli, CEO, and Daniela Sabaga, CFO and IR officer. This event is being streamed on Zoom and also available on the company's website at ri.vida.com.brr.
Please. That all participants will be in listen-only mode during the presentation. After that, participants may submit questions through the platform, which will be answered by management during this call or later by Movita's investor relations team following the conclusion of the session.
We would like to remind everyone that today's presentation will be conducted in Portuguese with simultaneous translation into English.
Those. Who do not speak Portuguese or who wish to listen to this presentation in English can click on the interpretation button on the bottom right corner of the screen or on the three dots for more if that's not visible and then select English as your preferred language for optimal experience.
Click on mute the original. Audio as of now, participants are welcome to start submitting questions through the Zoom platform. To do so,
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