Q2 2024 Valid Solucoes SA Earnings Call (English, Portuguese) Transcript
Key Points
- Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao (BSP:VLID3) achieved a record net revenue of BRL518 million in the second quarter.
- The company reported a 40% growth in net revenue compared to the previous year, reaching BRL80 million in the quarter.
- Valid Solucoes has consistently paid dividends for eight consecutive quarters, with BRL51 million already paid in 2024.
- The company achieved a ROIC of 22.5% over the past 12 months, indicating strong returns on invested capital.
- New business initiatives, including digital government and onboarding solutions, contributed 12% to the company's EBITDA in the second quarter.
- Net revenue for the second quarter was 3% lower compared to the previous year.
- The company's EBITDA margin dropped by 4% compared to the second quarter of the previous year.
- The mobile segment experienced a decline in sales and EBITDA year-over-year.
- There was a negative financial result of BRL16 million in the quarter, although it was an improvement from previous quarters.
- The company faces challenges in ramping up the issuance of new identity cards in Sao Paolo, affecting growth in the ID segment.
Good morning, everyone, and welcome to the results presentation of the second quarter of '24 of Valid. My name is Julia Araujo, coordinator of IR and Corporate Finance. (Operator Instructions) For those who are interested, this presentation has translation into English as well. The slides will be available in our IR website. And after that, the broadcast will be also available.
(Operator Instructions)
It's important to say that some statements made here regarding beliefs and expectations and operation and financial goals are beliefs and expectations of our Board as well as information that are available to our company. Future beliefs, our future expectations, they involve risks and uncertainties and they refer to the future events, depend on events that may or may not occur.
Analysts and investors are advised not to place undue reliance on these beliefs because the results may materially differ from our expectations. Today, we have Ilson Bressan and Olavo Vaz. Ilson is our CEO; and Mr. Vaz is our RI Director. So I would like to call Mr. Bressan.
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