Q2 2026 Movida Participacoes SA Earnings Call Transcript
Key Points
- Record quarterly net income of BRL136 million, more than double year-over-year and the highest in four years.
- Strong operational performance with rental days up 22% and average daily rates up 7%, driven by market share gains and pricing power.
- Record ROIC of 16.7%, up 4 percentage points year-over-year, reflecting improved capital allocation and operational efficiency.
- GTF revenue backlog surged 40% year-over-year to BRL9.8 billion, providing strong future revenue visibility.
- Successful liability management with BRL1.6 billion in refinancing, extending debt maturities and reducing leverage to 2.66x net debt/EBITDA.
- High interest rate environment continues to pressure financial results, despite operational gains.
- Average fleet age in Rent-a-Car extended to 12.5 months due to strong demand, potentially increasing maintenance costs.
- Used car sales volume declined due to fleet retention for rental demand, impacting inventory turnover and sales capacity utilization.
- SG&A expenses increased due to expansion of retail stores, with dilution expected only in coming quarters.
- Guidance for Q3 2026 net income (BRL130-150 million) is conservative and only in line with Q2, despite expected seasonal strength.
(spoken in foreign language) Welcome to Movida's conference call to discuss the results of the second quarter 2026. Today with us, we have Mr. Gustavo Moscatelli, CEO; Daniela Sabbag, CFO and IRO; and Camila Francischelli, Investor Relations Director. This event is being streamed on Zoom and also available on the company's website at ri.movida.com.br. (Operator Instructions)
I would like to remind you that today's presentation will be conducted in Portuguese with simultaneous translation into English. If you want to listen to the presentation in English, you can click on the interpretation button on the bottom right corner of the platform and choosing the language properly. (Operator Instructions)
Before we begin, we would like to let you know that any forward-looking statements made during this call regarding the company's business outlook, operational and financial projections and targets are based on Movida's management beliefs and assumptions as well as information currently available to
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