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Earnings Release 2Q12

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Earnings Release 2Q12

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Earnings Release 2Q12

  1. 1. 2Q12Earnings Release August 10, 2012
  2. 2. Disclaimer• This notice may contain estimates for future events. These estimates merely reflect the expectations of the Company’s management, and involve risks and uncertainties. The Company is not responsible for investment operations or decisions taken based on information contained in this communication. These estimates are subject to changes without prior notice.• This material has been prepared by Multiplus S.A. (“Multiplus“ or the “Company”) includes certain forward-looking statements that are based principally on Multiplus’ current expectations and on projections of future events and financial trends that currently affect or might affect Multiplus’ business, and are not guarantees of future performance. They are based on management’s expectations that involve a number of business risks and uncertainties, any of each could cause actual financial condition and results of operations to differ materially from those set out in Multiplus’ forward-looking statements. Multiplus undertakes no obligation to publicly update or revise any forward looking statements.• This material is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Likewise it does not give and should not be treated as giving investment advice. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. 2
  3. 3. 2Q12 Highlights 29% growth in Points Issued vs 2Q11 R$ 131 mln in Cash Generation in 2Q12 279% growth in non-air redemptions vs 2Q11 10,1 million Members 18% growth vs 2Q11 3
  4. 4. Our members and partnerships networkis continuously growingMore than 10.1 million members We reached 207 partners (coalition, accrual and redemption) Members, in mln 9,8 10,1 Number of partners 207 9,4 200 8,9 190 8,6 168 161 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 4
  5. 5. Achievments and acknowledgments Almost 300,000 redemptions per month 21% of members became active through an coalition partner in 2Q12 vs 8% in 2Q11 and 2% in 2Q10 Melhores e Maiores (Best and Largest Companies) Exame Ranking 1st place in Wealth generation per Employee Ranking 363th place in General Ranking: climbed 352 positions Page 536 – Exame Magazine, Special Edition Jul/12 5
  6. 6. Constant evolution networkNon-air redemptions surpassed Members who have already4% of total for the first time experienced the coalition grewin 2Q12 ~150% 2Q12 vs 2Q11 4,3% 247 4,0% 209 2,9% 173 2,6% 130 100 1,5% 77 60 42 0,5% 0,5% 0,6% 14 27 0,2% 0,3% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 NOTE: number of people who have already made an accrual or redemption transaction in network (except TAM and banks) 6
  7. 7. Solid gross billings growth instead an unfavorablemacroeconomic scenarioR$ 457.1 mln in Gross Billings R$ 319.5 mln in Net RevenueR$ mln R$ mln & bln points 457,1 433,6 430,4 398,3 397,3 354,6 347,1 321,5 319,5 285,1 17,4 15,2 14,5 12,5 10,9 2Q11 3Q11 4Q11 1Q12 2T12 2Q11 3Q11 4Q11 1Q12 2Q12 Net Revenue Points Redeemed 7
  8. 8. Focusing in profitabilityBreakage rate: Profitability management with 5gradual decline as expected base pillars: 23,3% 24,0% 24,1% 23,4% • Unit price 22,5% • Unit cost • Float • Breakage • Growth 2Q11 3Q11 4Q11 1Q12 2Q12 8
  9. 9. Delivering Net Income and solid Cash GenerationR$ 43.3 mln in Net Income R$ 131.4 mln in FCF* R$ mln RS mln 81,2 241,1 70,9 61,6 51,3 148,0 153,9 43,3 131,4 54,3 2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12 * Exclude prepayment effects, dividend payments, interes on equity and capital reduction 9
  10. 10. Investor Relations +55 11 5105 1847Thank you! invest@multiplusfidelidade.com.br www.multiplusfidelidade.com.br/ir

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