Q3 2024 Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA Earnings Call (English, Portuguese) Transcript

Nov 12, 2024 / 02:00 PM GMT

Release Date Price: R$5.65 (-0.53%)

Transcript

Key Points

Positve

Vamos Locacao De Caminhoes Maquinas E Equipamentos SA (BSP:VAMO3) reported a 33% increase in consolidated revenue for Q3 2024 compared to the same quarter last year.
The rental segment saw a significant growth of 35%, with record sales of used assets increasing by 46%.
Net income grew by 51% in Q3 2024, reaching 175 million reals compared to 116 million in Q3 2023.
The company has a healthy return on invested capital (ROIC) spread, maintaining a level above 4-5% points.
Vamos Locacao De Caminhoes Maquinas E Equipamentos SA (BSP:VAMO3) is focusing on deleveraging, with a target to reduce leverage to below three times by the end of next year.

Negative

Consolidated ROIC decreased to 13.9%, primarily due to weak performance in the agribusiness dealerships.
The rental segment's operating profit was slightly impacted by asset repossessions and related costs.
Higher effective income tax in the quarter negatively affected financial results.
The agribusiness dealerships continue to perform poorly, impacting the overall profitability of the dealership segment.
The company faces challenges with repossessed assets, which have affected revenue and required additional costs for legal fees and asset preparation.

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

VAMO3.SA - Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA
Q3 2024 Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA Earnings Call (English, Portuguese)
Nov 12, 2024 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Ladies and gentlemen, welcome to the famous conference call to discuss the results for the third quarter, 2024.

Today with us at this conference call are Mr Gustavo, co Chief Executive Officer of Hermos and Susan Cesaro, Chief Financial and Investor Relations Officer. This conference call will be recorded and the replay will be available on the company's website R I dot Group of Verus dotcom dot br. The presentation is already available for download both in Portuguese and English.

We would like to inform you that all participants will be in listen-only mode during the presentation. We'll then start the Q&A

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