Multiplus reported strong growth in the second quarter of 2011. Points issued grew 51.4% year-over-year to 18.5 billion points, while gross billings increased 34.3% to R$354.6 million. Net income was R$81.2 million, an increase from R$23.1 million in the prior year quarter. The average breakage rate was stable at 23.3%. Multiplus uses currency hedges to mitigate foreign exchange risk from agreements denominated in US dollars, with a notional position of USD 171 million in hedges through 2014.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
110212 divulgação de resultados 4 t10 inglesMultiplus
1) Multiplus saw increases in points issued and redeemed in 4Q10 compared to 3Q10, along with higher gross billings.
2) They improved their breakage accounting methodology to better reflect a 12-month average ratio, lowering breakage liability and raising deferred revenue.
3) While points issued and gross billings grew, adjusted EBITDA declined in 4Q10 due to the breakage methodology change and higher points to be redeemed.
The document provides a safe harbor statement for any forward-looking statements made in the presentation. It notes that actual results could differ materially from projected results due to general economic conditions, competitive factors, legislative or regulatory changes, and other risks. The presentation agenda includes discussing Unum Group's business, 4Q-2007 results, how the company has changed, and its outlook. Financial guidance is provided for 2008 earnings per share, return on equity, capital position, and long-term trends through 2009 and beyond.
1) Bank of America Chairman and CEO Ken Lewis presented at a Goldman Sachs conference on December 12, 2007 to discuss the company's current position and outlook.
2) The presentation highlighted Bank of America's diverse business lines including consumer banking, wealth management, and corporate and investment banking that contribute to earnings.
3) It also discussed opportunities for growth through initiatives in areas like wealth management, retirement services, and expanding consumer credit and real estate lending to existing customers.
The document is an interim report from Cosway Corporation Limited that summarizes the company's financial results and operations for the first half of its 2011 fiscal year. It states that the company's revenue increased 41.3% compared to the same period last year due to higher growth across most of its markets. Gross profit also rose 43.7% year-over-year. However, the company incurred interest costs related to convertible securities and share-based payment expenses, which reduced net income growth to 23.6% for the period excluding those items. The company also noted costs related to expanding into the US and Japanese markets.
The document summarizes Unum Group's fourth quarter 2007 results and provides an overview of the company. Key points include:
- Fourth quarter profits increased 15.8% year-over-year and the group disability benefit ratio declined.
- Unum US had strong sales growth while Unum UK sales declined due to legislative changes in the prior year.
- Colonial continued favorable benefit ratio trends and higher sales.
- Unum Group has diversified its earned premium base across business segments and geographies compared to prior years.
1) Magazine Luiza reported strong sales growth in the second quarter of 2011, with total gross revenue increasing 44.5% compared to the same period last year. Same-store sales growth was 31.9% and internet sales increased 48.3%.
2) The number of stores increased to 613 as of the end of the second quarter, up 34.4% from the previous year, including new conventional, extended, and virtual stores.
3) Consolidated EBITDA grew 19% compared to the second quarter of 2010, reaching R$156 million, with an EBITDA margin of 5.4%. Financial expenses increased due to higher interest rates and the acquisition of Lojas Maia.
Multiplus reported its 3Q12 earnings. Highlights included 24% growth in gross billings versus 3Q11, R$131 million in cash generation, and 225% growth in non-air redemptions. The company had over 10.5 million members, an 18% increase year-over-year. Multiplus delivered R$66.6 million in net income and R$130.5 million in free cash flow. Dividends of R$146.7 million were declared, representing R$0.95926 per share.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
110212 divulgação de resultados 4 t10 inglesMultiplus
1) Multiplus saw increases in points issued and redeemed in 4Q10 compared to 3Q10, along with higher gross billings.
2) They improved their breakage accounting methodology to better reflect a 12-month average ratio, lowering breakage liability and raising deferred revenue.
3) While points issued and gross billings grew, adjusted EBITDA declined in 4Q10 due to the breakage methodology change and higher points to be redeemed.
The document provides a safe harbor statement for any forward-looking statements made in the presentation. It notes that actual results could differ materially from projected results due to general economic conditions, competitive factors, legislative or regulatory changes, and other risks. The presentation agenda includes discussing Unum Group's business, 4Q-2007 results, how the company has changed, and its outlook. Financial guidance is provided for 2008 earnings per share, return on equity, capital position, and long-term trends through 2009 and beyond.
1) Bank of America Chairman and CEO Ken Lewis presented at a Goldman Sachs conference on December 12, 2007 to discuss the company's current position and outlook.
2) The presentation highlighted Bank of America's diverse business lines including consumer banking, wealth management, and corporate and investment banking that contribute to earnings.
3) It also discussed opportunities for growth through initiatives in areas like wealth management, retirement services, and expanding consumer credit and real estate lending to existing customers.
The document is an interim report from Cosway Corporation Limited that summarizes the company's financial results and operations for the first half of its 2011 fiscal year. It states that the company's revenue increased 41.3% compared to the same period last year due to higher growth across most of its markets. Gross profit also rose 43.7% year-over-year. However, the company incurred interest costs related to convertible securities and share-based payment expenses, which reduced net income growth to 23.6% for the period excluding those items. The company also noted costs related to expanding into the US and Japanese markets.
The document summarizes Unum Group's fourth quarter 2007 results and provides an overview of the company. Key points include:
- Fourth quarter profits increased 15.8% year-over-year and the group disability benefit ratio declined.
- Unum US had strong sales growth while Unum UK sales declined due to legislative changes in the prior year.
- Colonial continued favorable benefit ratio trends and higher sales.
- Unum Group has diversified its earned premium base across business segments and geographies compared to prior years.
1) Magazine Luiza reported strong sales growth in the second quarter of 2011, with total gross revenue increasing 44.5% compared to the same period last year. Same-store sales growth was 31.9% and internet sales increased 48.3%.
2) The number of stores increased to 613 as of the end of the second quarter, up 34.4% from the previous year, including new conventional, extended, and virtual stores.
3) Consolidated EBITDA grew 19% compared to the second quarter of 2010, reaching R$156 million, with an EBITDA margin of 5.4%. Financial expenses increased due to higher interest rates and the acquisition of Lojas Maia.
Multiplus reported its 3Q12 earnings. Highlights included 24% growth in gross billings versus 3Q11, R$131 million in cash generation, and 225% growth in non-air redemptions. The company had over 10.5 million members, an 18% increase year-over-year. Multiplus delivered R$66.6 million in net income and R$130.5 million in free cash flow. Dividends of R$146.7 million were declared, representing R$0.95926 per share.
- Baxter reported financial results for the second quarter and first half of 2005, with net sales increasing 8% for both periods compared to the prior year. Gross profit and operating income increased significantly due to special charges in the prior year that did not recur.
- Adjusted earnings figures, which exclude special items, showed higher operating income, net income, and EPS for both periods compared to the prior year.
- Cash flows from continuing operations for the quarter and first half of 2005 were positive. Net debt decreased from the beginning of the year due to positive cash flows, partially offset by capital expenditures, dividends, and other items.
Cipla reported 1QFY2011 results that were ahead of estimates, with operating margins improving sequentially. While domestic formulation sales grew only 3.6% due to lower generic sales, export sales increased 14.4% due to growth in ARV and anti-asthma segments. Operating margins expanded to 20.9% due to lower other expenses. Net profit grew 6.5% to Rs257cr from higher margins and other income. The company expects its new Indore facility to start contributing significantly over the next 6-12 months and sees this aiding substantial future growth. The report recommends buying the stock.
This document provides a financial supplement to Aetna's second quarter 2008 earnings press release. It includes:
1) Key financial highlights and statistics for Aetna's Health Care, Group Insurance, and Large Case Pensions segments for Q2 2008 and year-to-date compared to the prior year.
2) Statements of net income by segment for Q2 2008 and 2007, showing revenue, expenses, operating earnings, taxes and net income for each segment.
3) Membership counts by product and region as of June 30, 2008 and prior periods.
The document provides supplemental financial information to accompany Aetna's earnings press release for further context on the company's performance in specific business
This document provides a financial supplement to Aetna's third quarter 2006 earnings press release. It includes tables with statistics on health care enrollment, revenues, costs, and margins. Key details include:
- Health care and group insurance statistics such as premiums, fees, costs, and medical cost ratios for the third quarter and first nine months of 2006 compared to the same periods in 2005.
- Consolidated membership numbers for medical, dental, pharmacy, and group insurance as of September 30, 2006 compared to prior periods.
- Consolidating statements of income and balance sheets for Aetna's business segments for the third quarter of 2006.
- Reconciliations of certain reported amounts to
ual JPMorgan Global High Yield Conference Presentationfinance13
This document provides an overview of UAL Corporation's performance in the fourth quarter of 2008. Some key points:
- UAL reported a pre-tax loss of $547 million for Q4 2008, excluding special items.
- Capacity reductions have positioned the company well for a downturn, with an 11.7% reduction in Q4 2008 capacity.
- Cost control efforts kept Q4 CASM excluding fuel flat year-over-year despite the large capacity cut.
- The company has taken aggressive actions to reduce capacity and costs in 2009 to deal with challenges.
Morgan Stanley Global Consumer & Retail Conferencefinance7
This document contains the presentation slides from Morgan Stanley's Global Consumer & Retail Conference on November 14, 2007. The slides discuss Best Buy's history of growth, fiscal year 2007 results, revenue mix and growth, expanding Geek Squad's services, services strategy, adapting to serve customers through research and online capabilities, and how technology has become life's infrastructure. The presentation aims to showcase Best Buy's focus on the customer experience and building trust through services.
Braskem reported financial results for 4Q12 and full year 2012. For 4Q12, Braskem's EBITDA was R$1.4 billion including gains from asset sales, and net revenue was R$9.2 billion. For 2012, Braskem's EBITDA was R$4 billion including non-recurring items, and the company expanded its market share in Brazil to 71% on thermoplastic resin sales of 3.5 million tons. Braskem also made progress on projects in Mexico and Comperj while maintaining its commitment to financial health.
This document contains a disclaimer and forward-looking statements regarding a company's presentation. It discusses the company's 2007 financial results including:
- Net income increased 11.6% and consolidated EBITDA reached R$1,123 million, a 4.6% growth. EBITDA growth excluding non-recurring items would have been 16.3%.
- Generation segment's EBITDA grew 62.1% to R$442 million contributing 38% of consolidated EBITDA.
- Commercialization grew 7.2% in volume and 25.7% in margin. Distribution grew 9.6% in net operating revenue but EBITDA declined 18.1% due to an extraordinary reduction in
The document provides a summary of EDP Energias do Brasil's 4Q08 results. Some key highlights include:
- Consolidated net operating revenue increased 9.1% to R$1,189.2 million in 4Q08.
- Manageable expenditures before depreciation and amortization decreased 18% compared to 4Q07.
- 4Q08 EBITDA reached R$306.0 million, an increase of 96.5% compared to 4Q07.
- Net income for 4Q08 was R$119.0 million, 51% higher than 4Q07.
- Baxter International reported financial results for Q3 2008, with net sales up 15% to $3.15 billion and net income up 19% to $472 million.
- Various one-time charges impacted results, including charges related to infusion pumps and an R&D impairment. Excluding specified items, adjusted net income was up 23% to $563 million.
- For the first nine months of 2008, net sales were up 12% to $9.22 billion and net income was up 18% to $1.445 billion. Various one-time charges were again excluded from adjusted results.
This document provides an overview of TIM Participacoes S.A.'s 4Q08 results and the competitive Brazilian telecommunications market. It shows that in 4Q08, TIM's subscriber base grew 22% year-over-year to 36.4 million mainly due to pre-paid growth, while post-paid lines declined 3%. Revenue increased 5.1% in 2008. The document also outlines the large and growing Brazilian mobile market, noting high churn rates and increasing competitive pressures as the fourth mobile number portability program launches in 2009.
6 Prudential's "Inside Our Best Ideas" Conferencefinance10
This document discusses 3M's strategy for growth through customer value enhancement and operational excellence. It summarizes 3M's historical financial performance, showing increasing margins, earnings per share, and return on invested capital. 3M's strategy focuses on growing its core businesses, pursuing complementary acquisitions, expanding into adjacencies, and international growth. 3M aims to drive growth and share gains by enhancing customer competitiveness, business returns, and brand value.
This document provides an overview of TIM Participacoes S.A.'s operational results for 4Q08 compared to previous periods. Some key highlights include:
- Total subscriber lines grew 3.4% quarter-over-quarter and 16.5% year-over-year to 36.4 million lines.
- Prepaid lines increased 5.1% quarter-over-quarter and 21.8% year-over-year while postpaid lines decreased 3.7% quarter-over-quarter and 3.0% year-over-year.
- Market share declined slightly to 24.2% while the total wireless subscriber base in Brazil grew over 24.5% year-over-year.
This presentation includes forward-looking statements about the company's future performance that are subject to risks and uncertainties. It summarizes the company's financial and operational highlights for 2007. Net income increased 11.6% over 2006. Consolidated EBITDA reached R$1,123 million, growing 4.6% over 2006. Generation segment EBITDA grew significantly due to increased capacity from new plants coming online. Distributed energy volumes grew 4.5% while manageable costs grew less than inflation.
oe E. Harlan Executive Vice President, Electro and Communications Businessfinance10
The document summarizes an investor meeting presentation about 3M's Electro & Communications Business (ECB). It highlights that ECB has maintained strong growth and margins in recent years. Going forward, ECB is positioned for continued growth by leveraging its market-focused customer-centric approach, differentiated technologies, international expansion, adjacent markets, service differentiation, and competitive culture. ECB serves the electrical, communications, and electronics industries with products like tapes, films, adhesives, and interconnect solutions.
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
ean Lobey Executive Vice President, Safety, Security and Protection Service B...finance10
Jean Lobey discusses 3M's Safety, Security, and Protection Services (SS&PS) business. In 2005, SS&PS generated $2.3 billion in sales and $553 million in operating income. SS&PS provides solutions across three markets: safety, security, and protection. 3M aims to drive over 8% annual growth for SS&PS through new product development, market expansion, adjacent market opportunities, and responding to world events. 3M is also focusing on penetrating developing markets and bringing SS&PS closer to customers through increased international manufacturing and labs.
- Multiplus saw strong growth in 3Q11, with points issued up 38.5% YoY to 20.0 billion and gross billings up 32.4% to R$397.3 million.
- Net revenue increased 147.1% YoY to R$321.5 million. EBITDA was R$78.1 million, up 64.5% but margins declined due to investments.
- Cost of points redeemed grew faster than revenue due to higher redemptions, increasing 213.3% YoY. Gross profit rose 70.4% but margin fell.
- Multiplus is a growing loyalty network in Brazil with nearly 9 million members as of 3Q11, up 17% YoY. It had gross billings of R$397 million in 3Q11, up 32.4% YoY.
- The company aims to diversify its revenue sources beyond its main partner TAM Airlines. In 3Q11, 73% of gross billings came from TAM, down from 98% historically.
- Multiplus reported EBITDA of R$78.1 million in 3Q11, up 64.5% YoY, with a margin of 24.3%. Adjusted EBITDA was R$82.3 million, down 7% YoY
The document provides an investor presentation for Multiplus S.A. It summarizes Multiplus as the leading loyalty coalition network in Brazil with 7.6 million members and 133 partnerships. It has a unique scalable business model with recurring cash flow from the sale of loyalty points to partners and redemption of points for airfare and other products. In 3Q10, Multiplus saw increases in members, points issued and redeemed, gross billings, net revenue, adjusted EBITDA and net income compared to the previous quarter.
Multiplus is a Brazilian coalition loyalty program company that presented at an investor presentation in December 2012. The presentation contained forward-looking statements and estimates subject to risks and uncertainties. It discussed Multiplus' innovative business model and multiple drivers of growth, including domestic consumption growth, credit card usage growth, and air transportation growth in Brazil. It also outlined the company's goals to diversify revenue streams and drive value for members and partners through branding, innovation, and knowledge. The presentation positioned Multiplus as a promising investment due to its high growth, strong cash generation, attractive dividend payout, and improving stock liquidity.
The document summarizes Multiplus S.A.'s fourth quarter 2013 earnings results. Key highlights include 7.4% growth in gross billings to R$2.0 billion, 11.9% growth in net revenue, and a 4% increase in net income to R$232.1 million. The company also grew its loyalty program membership to over 12.2 million members and partner network to 472 partners. Non-air redemptions increased 9.2% while the breakage rate continued a gradual decline. Cash generation was R$452.6 million for the full year 2013.
- Baxter reported financial results for the second quarter and first half of 2005, with net sales increasing 8% for both periods compared to the prior year. Gross profit and operating income increased significantly due to special charges in the prior year that did not recur.
- Adjusted earnings figures, which exclude special items, showed higher operating income, net income, and EPS for both periods compared to the prior year.
- Cash flows from continuing operations for the quarter and first half of 2005 were positive. Net debt decreased from the beginning of the year due to positive cash flows, partially offset by capital expenditures, dividends, and other items.
Cipla reported 1QFY2011 results that were ahead of estimates, with operating margins improving sequentially. While domestic formulation sales grew only 3.6% due to lower generic sales, export sales increased 14.4% due to growth in ARV and anti-asthma segments. Operating margins expanded to 20.9% due to lower other expenses. Net profit grew 6.5% to Rs257cr from higher margins and other income. The company expects its new Indore facility to start contributing significantly over the next 6-12 months and sees this aiding substantial future growth. The report recommends buying the stock.
This document provides a financial supplement to Aetna's second quarter 2008 earnings press release. It includes:
1) Key financial highlights and statistics for Aetna's Health Care, Group Insurance, and Large Case Pensions segments for Q2 2008 and year-to-date compared to the prior year.
2) Statements of net income by segment for Q2 2008 and 2007, showing revenue, expenses, operating earnings, taxes and net income for each segment.
3) Membership counts by product and region as of June 30, 2008 and prior periods.
The document provides supplemental financial information to accompany Aetna's earnings press release for further context on the company's performance in specific business
This document provides a financial supplement to Aetna's third quarter 2006 earnings press release. It includes tables with statistics on health care enrollment, revenues, costs, and margins. Key details include:
- Health care and group insurance statistics such as premiums, fees, costs, and medical cost ratios for the third quarter and first nine months of 2006 compared to the same periods in 2005.
- Consolidated membership numbers for medical, dental, pharmacy, and group insurance as of September 30, 2006 compared to prior periods.
- Consolidating statements of income and balance sheets for Aetna's business segments for the third quarter of 2006.
- Reconciliations of certain reported amounts to
ual JPMorgan Global High Yield Conference Presentationfinance13
This document provides an overview of UAL Corporation's performance in the fourth quarter of 2008. Some key points:
- UAL reported a pre-tax loss of $547 million for Q4 2008, excluding special items.
- Capacity reductions have positioned the company well for a downturn, with an 11.7% reduction in Q4 2008 capacity.
- Cost control efforts kept Q4 CASM excluding fuel flat year-over-year despite the large capacity cut.
- The company has taken aggressive actions to reduce capacity and costs in 2009 to deal with challenges.
Morgan Stanley Global Consumer & Retail Conferencefinance7
This document contains the presentation slides from Morgan Stanley's Global Consumer & Retail Conference on November 14, 2007. The slides discuss Best Buy's history of growth, fiscal year 2007 results, revenue mix and growth, expanding Geek Squad's services, services strategy, adapting to serve customers through research and online capabilities, and how technology has become life's infrastructure. The presentation aims to showcase Best Buy's focus on the customer experience and building trust through services.
Braskem reported financial results for 4Q12 and full year 2012. For 4Q12, Braskem's EBITDA was R$1.4 billion including gains from asset sales, and net revenue was R$9.2 billion. For 2012, Braskem's EBITDA was R$4 billion including non-recurring items, and the company expanded its market share in Brazil to 71% on thermoplastic resin sales of 3.5 million tons. Braskem also made progress on projects in Mexico and Comperj while maintaining its commitment to financial health.
This document contains a disclaimer and forward-looking statements regarding a company's presentation. It discusses the company's 2007 financial results including:
- Net income increased 11.6% and consolidated EBITDA reached R$1,123 million, a 4.6% growth. EBITDA growth excluding non-recurring items would have been 16.3%.
- Generation segment's EBITDA grew 62.1% to R$442 million contributing 38% of consolidated EBITDA.
- Commercialization grew 7.2% in volume and 25.7% in margin. Distribution grew 9.6% in net operating revenue but EBITDA declined 18.1% due to an extraordinary reduction in
The document provides a summary of EDP Energias do Brasil's 4Q08 results. Some key highlights include:
- Consolidated net operating revenue increased 9.1% to R$1,189.2 million in 4Q08.
- Manageable expenditures before depreciation and amortization decreased 18% compared to 4Q07.
- 4Q08 EBITDA reached R$306.0 million, an increase of 96.5% compared to 4Q07.
- Net income for 4Q08 was R$119.0 million, 51% higher than 4Q07.
- Baxter International reported financial results for Q3 2008, with net sales up 15% to $3.15 billion and net income up 19% to $472 million.
- Various one-time charges impacted results, including charges related to infusion pumps and an R&D impairment. Excluding specified items, adjusted net income was up 23% to $563 million.
- For the first nine months of 2008, net sales were up 12% to $9.22 billion and net income was up 18% to $1.445 billion. Various one-time charges were again excluded from adjusted results.
This document provides an overview of TIM Participacoes S.A.'s 4Q08 results and the competitive Brazilian telecommunications market. It shows that in 4Q08, TIM's subscriber base grew 22% year-over-year to 36.4 million mainly due to pre-paid growth, while post-paid lines declined 3%. Revenue increased 5.1% in 2008. The document also outlines the large and growing Brazilian mobile market, noting high churn rates and increasing competitive pressures as the fourth mobile number portability program launches in 2009.
6 Prudential's "Inside Our Best Ideas" Conferencefinance10
This document discusses 3M's strategy for growth through customer value enhancement and operational excellence. It summarizes 3M's historical financial performance, showing increasing margins, earnings per share, and return on invested capital. 3M's strategy focuses on growing its core businesses, pursuing complementary acquisitions, expanding into adjacencies, and international growth. 3M aims to drive growth and share gains by enhancing customer competitiveness, business returns, and brand value.
This document provides an overview of TIM Participacoes S.A.'s operational results for 4Q08 compared to previous periods. Some key highlights include:
- Total subscriber lines grew 3.4% quarter-over-quarter and 16.5% year-over-year to 36.4 million lines.
- Prepaid lines increased 5.1% quarter-over-quarter and 21.8% year-over-year while postpaid lines decreased 3.7% quarter-over-quarter and 3.0% year-over-year.
- Market share declined slightly to 24.2% while the total wireless subscriber base in Brazil grew over 24.5% year-over-year.
This presentation includes forward-looking statements about the company's future performance that are subject to risks and uncertainties. It summarizes the company's financial and operational highlights for 2007. Net income increased 11.6% over 2006. Consolidated EBITDA reached R$1,123 million, growing 4.6% over 2006. Generation segment EBITDA grew significantly due to increased capacity from new plants coming online. Distributed energy volumes grew 4.5% while manageable costs grew less than inflation.
oe E. Harlan Executive Vice President, Electro and Communications Businessfinance10
The document summarizes an investor meeting presentation about 3M's Electro & Communications Business (ECB). It highlights that ECB has maintained strong growth and margins in recent years. Going forward, ECB is positioned for continued growth by leveraging its market-focused customer-centric approach, differentiated technologies, international expansion, adjacent markets, service differentiation, and competitive culture. ECB serves the electrical, communications, and electronics industries with products like tapes, films, adhesives, and interconnect solutions.
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
ean Lobey Executive Vice President, Safety, Security and Protection Service B...finance10
Jean Lobey discusses 3M's Safety, Security, and Protection Services (SS&PS) business. In 2005, SS&PS generated $2.3 billion in sales and $553 million in operating income. SS&PS provides solutions across three markets: safety, security, and protection. 3M aims to drive over 8% annual growth for SS&PS through new product development, market expansion, adjacent market opportunities, and responding to world events. 3M is also focusing on penetrating developing markets and bringing SS&PS closer to customers through increased international manufacturing and labs.
- Multiplus saw strong growth in 3Q11, with points issued up 38.5% YoY to 20.0 billion and gross billings up 32.4% to R$397.3 million.
- Net revenue increased 147.1% YoY to R$321.5 million. EBITDA was R$78.1 million, up 64.5% but margins declined due to investments.
- Cost of points redeemed grew faster than revenue due to higher redemptions, increasing 213.3% YoY. Gross profit rose 70.4% but margin fell.
- Multiplus is a growing loyalty network in Brazil with nearly 9 million members as of 3Q11, up 17% YoY. It had gross billings of R$397 million in 3Q11, up 32.4% YoY.
- The company aims to diversify its revenue sources beyond its main partner TAM Airlines. In 3Q11, 73% of gross billings came from TAM, down from 98% historically.
- Multiplus reported EBITDA of R$78.1 million in 3Q11, up 64.5% YoY, with a margin of 24.3%. Adjusted EBITDA was R$82.3 million, down 7% YoY
The document provides an investor presentation for Multiplus S.A. It summarizes Multiplus as the leading loyalty coalition network in Brazil with 7.6 million members and 133 partnerships. It has a unique scalable business model with recurring cash flow from the sale of loyalty points to partners and redemption of points for airfare and other products. In 3Q10, Multiplus saw increases in members, points issued and redeemed, gross billings, net revenue, adjusted EBITDA and net income compared to the previous quarter.
Multiplus is a Brazilian coalition loyalty program company that presented at an investor presentation in December 2012. The presentation contained forward-looking statements and estimates subject to risks and uncertainties. It discussed Multiplus' innovative business model and multiple drivers of growth, including domestic consumption growth, credit card usage growth, and air transportation growth in Brazil. It also outlined the company's goals to diversify revenue streams and drive value for members and partners through branding, innovation, and knowledge. The presentation positioned Multiplus as a promising investment due to its high growth, strong cash generation, attractive dividend payout, and improving stock liquidity.
The document summarizes Multiplus S.A.'s fourth quarter 2013 earnings results. Key highlights include 7.4% growth in gross billings to R$2.0 billion, 11.9% growth in net revenue, and a 4% increase in net income to R$232.1 million. The company also grew its loyalty program membership to over 12.2 million members and partner network to 472 partners. Non-air redemptions increased 9.2% while the breakage rate continued a gradual decline. Cash generation was R$452.6 million for the full year 2013.
This document contains Multiplus' 2Q14 earnings release which highlights:
1) Gross billings decreased 5.7% year-over-year to R$472.1 million while net revenue grew 4.7% to R$417.4 million.
2) Net income increased 39.9% to R$80.1 million compared to 2Q13.
3) The company continued growing its loyalty program, reaching over 12.9 million members and 477 partners.
Multiplus reported strong financial results in 2Q13, with net income growth of 33% year-over-year. Key highlights included 15% membership growth to 11.6 million members and 9.6% growth in non-air redemptions. The company continued expanding its network of partners to 446. The new redemption model was positively received by members, with redemption windows opening 40-100 days earlier in some regions. Solid gross billings growth and free cash flow generation supported continued dividends to shareholders.
This investor presentation provides an overview of Multiplus S.A., TAM Airlines' loyalty program:
- Multiplus has over 8 million members and 160 commercial partnerships after starting as an independent business unit in 2009.
- It has a flexible business model where it sells points to partners to award customers and buys rewards from partners to deliver to members. This results in a spread between the point price and cost of rewards.
- In 2Q11, Multiplus saw growth in points issued and redeemed year-over-year. It aims to expand its partner network and redemption options while improving customer experience and maintaining operational efficiency.
The document provides an overview of Multiplus, TAM Airlines' loyalty program. Some key points:
- Multiplus was established as a separate business unit in 2009 and had its IPO in 2010, operating TAM's loyalty program and forming network partnerships.
- It has over 8 million members and 160 commercial partnerships, allowing members to accumulate and redeem points across multiple programs.
- Multiplus earns revenue from selling points to partners and using the points to purchase rewards from partners. It aims to profit from the spread between these amounts as well as points that expire unused.
The document is Multiplus S.A.'s 2Q14 earnings release which summarizes the company's financial and operational performance in the second quarter of 2014. Some highlights include gross billings decreasing 5.7% year-over-year to R$472.1 million, net revenue growing 4.7% to R$417.4 million, and net income increasing 39.9% to R$80.1 million. The company also grew its member base to over 12.9 million and partner network to 477 partners.
Multiplus reported its 4Q11 results. Operating highlights included points issued increasing 28.4% and points redeemed increasing 126.2% versus prior year. Financial highlights included gross billings increasing 33.3%, net revenue increasing 93.8%, and EBITDA increasing 46.2% versus prior year. Multiplus also recognized lower breakage revenue in 4Q11 and 2012 due to a change in accounting methodology, but this did not impact cash flow or adjusted EBITDA. Multiplus continued its strategy of network expansion, marketing investments, and controlled breakage decline to drive strong growth and margins.
- Multiplus is a growing loyalty network in Brazil with over 8.5 million members, up 19.5% YoY. It had 18.5 billion points sold in 2Q11, up 51.4% YoY.
- Multiplus has an innovative business model with low CAPEX, negative working capital, and strong cash generation. It aims to diversify gross billings and redemptions away from over-reliance on air travel.
- The strategy is to expand partnerships, increase marketing actions, and improve client experience to diversify revenue sources and control costs over the long term.
Multiplus is a leading loyalty coalition network in Brazil with 7.2 million members and 125 partnerships. It has a unique business model where partners purchase points from Multiplus to award customers, and there is a two-way flow of points between Multiplus and partners. Multiplus also provides outsourcing and CRM services to partners. In 2Q10, Multiplus saw growth in members, points issued and redeemed, partnerships, and financial metrics like gross billings and net income compared to 1Q10. It also paid out dividends and implemented a new loyalty program system to improve operations.
This investor presentation summarizes Multiplus' business model as a growing loyalty network in Brazil. Some key points:
- Multiplus has around 9 million members, up 17% YoY, and sold over 20 billion points in 3Q11, up 38.5% YoY.
- It has an innovative business model with low CAPEX, negative working capital, interest income from the float of accrued points, and is a dividend player.
- The strategy is to diversify gross billings and redemptions away from over-reliance on TAM air tickets by expanding partnerships in retail, industry, services and banks.
- This will increase average unit prices and decrease costs to drive long-term margin
- Multiplus saw strong growth in 3Q11, with points issued up 38.5% YoY to 20.0 billion and gross billings up 32.4% to R$397.3 million.
- Net revenue increased 147.1% YoY to R$321.5 million. EBITDA was R$78.1 million, up 64.5% but margins fell to 24.3% due to investments.
- Cost of points redeemed grew faster than revenue due to redemptions increasing 171.7% YoY, leading gross margins to fall to 32.3%.
- Multiplus is a pioneer in the Brazilian loyalty industry and has a strong partnership network including LATAM Airlines and local banks.
- It has a proven three-year track record of focusing on shareholder returns through high dividend payouts and improving its governance structure.
- The Brazilian loyalty industry is still in early stages with low penetration and solid growth drivers, presenting Multiplus an opportunity for continued expansion.
- Multiplus' business sustainability is based on network diversification, member engagement, and value delivery to partners.
Multiplus reported its 3Q16 earnings. It issued 21.9 billion points, a 4.1% increase over 3Q15. Gross billings of points were R$590.9 million, down 8.8% from 3Q15 but up 5.4% from 2Q16. Net income was R$134.1 million, a 7.4% reduction from 3Q15 and 1.7% decrease from 2Q16. The company saw increases in members, points issued, and gross margin percentage, but decreases in gross billings of points and net income compared to the prior year.
The Brazilian loyalty industry is still in its early stages with low penetration rates compared to other markets, indicating solid growth potential. Multiplus has pioneered the industry in Brazil and has established a strong partnership network including LATAM Airlines, local banks, and an international peer. Multiplus has a three year track record of consistent growth, cash generation, and shareholder returns through high dividend payouts. The company aims to further diversify its network and increase non-airline redemptions to sustain its business model and provide more value to members.
Multiplus reported its 4Q12 earnings, with key highlights including reaching 369 partners, over 10.9 million members, and 141% growth in gross billings versus 4Q11. Non-air redemptions grew 13.5% while breakage rates remained stable. Net revenue was R$430.9 million while net income was R$52.9 million. Multiplus expects to benefit from financial industry dynamics, improvements to its agreement with TAM Fidelidade, and being a first mover in the loyalty industry in Brazil.
Multiplus reported strong growth in the first quarter of 2012, with a 26.6% increase in gross billings to R$430 million. New members grew by 400,000 to nearly 9.8 million total. Non-airline redemptions increased significantly to over 600 million points in Q1. The company also saw a 24.5% rise in points issued and delivered a net income of R$61.6 million alongside stable breakage rates around 23%.
This document summarizes Multiplus S.A.'s earnings results for the second quarter of 2012. It highlights 29% growth in points issued compared to the second quarter of 2011. Cash generation was R$131 million in Q2 2012. Non-air redemptions grew 279% versus the same period last year. Multiplus saw continued growth in members and partners, reaching over 10.1 million members and 207 partners. Solid gross billings growth of R$457.1 million was achieved despite an unfocused macroeconomic environment. Net income was R$43.3 million and free cash flow was R$131.4 million.
Multiplus is a loyalty network in Brazil with over 8.5 million members. It saw strong growth in the second quarter of 2011, with points sold up 19.5% year-over-year and partnerships increasing 28.8% year-over-year. The company has a strategic relationship with TAM Airlines, Brazil's largest airline, allowing members to redeem points for attractive air travel rewards. Multiplus has an innovative business model with low capital expenditures, strong cash generation, and a scalable network effect that promotes continued membership and partnership growth.
- Tempo Assist saw growth in its health, dental, and assistance segments in 2009 through acquisitions and new partnerships.
- Key events included implementing SAP, rebranding as Tempo Assist, and receiving approval for its Unibanco Saúde acquisition.
- The segments achieved increased revenues and beneficiaries. Dental and health saw particularly strong growth while maintaining stable costs.
- Comcast reported its 3rd quarter 2008 results with consolidated revenue increasing 7% year-over-year to $8.55 billion and operating cash flow growing 8% to $3.24 billion.
- Video, high-speed internet, and phone revenues all increased compared to the prior year while advertising revenues declined 10% due to deteriorating advertising trends.
- The company maintained a disciplined approach to capital expenditures, which increased 7% year-over-year to $1.31 billion for the quarter.
Vivo Participações S/A reported financial results for 2006-2007. Revenue grew 14.2% to R$12.5 billion in 2007. EBITDA increased 20.7% to R$3.1 billion and EBIT grew 219.7% to R$600 million. The company achieved market leadership in its operational area and nationwide commercial campaigns. Key initiatives included strengthening the brand, acquiring additional spectrum, and improving customer and employee satisfaction.
The document discusses TIM Participacoes S.A.'s 4Q08 results and re-launch plan. It provides key operational metrics for 4Q08 such as a 16.5% increase in total lines to 36.4 million with prepaid growing 21.8% and postpaid declining 3%. Churn increased to 9.8% in 4Q08. The document then outlines TIM's re-launch plan to regain market share through initiatives like brand repositioning, new offerings, and network optimization between 2009 Q1-Q4. The plan aims to return ARPU and revenue growth in 2H09.
This document is a disclaimer for an investment presentation by Profarma. It states that the presentation does not constitute an offering or form the basis of any contract. The information provided should not be relied upon for investment decisions and contains forward-looking statements that are subject to risks. The document contains summary information that is not intended to be complete without additional context.
- The document is the transcript from a financial forum presentation by the CEO of AGA Financial, the largest pure-gas distribution company in the nation.
- It discusses AGA's strategy of growing through acquisitions while maximizing earnings from regulated gas distribution operations in 12 states and select nonregulated operations.
- Key metrics like diluted EPS, annual dividend, return on invested capital, and debt ratios have steadily improved over time due to this strategy.
1. Gafisa reported financial results for 1Q11 with total revenues of R$800 million, down 12% year-over-year.
2. Launches totaled R$513 million, a 27% decrease from 1Q10. Contracted sales were R$822 million, down 4% from 1Q10.
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Nexon reported its Q3 2012 results with revenue of ¥24.2 billion and operating income of ¥10 billion. While revenue was flat year-over-year, operating income declined 8%. Nexon's acquisition of gloops establishes it as the #1 independent mobile game developer by revenue and diversifies its business. For Q4 2012, Nexon revised its outlook downward to account for competitive pressures, the gloops acquisition, and plans to focus on engagement over monetization for some regions and titles. Nexon enters 2013 with a strong pipeline including new titles and updates.
direc tv group Third Quarter 2008 Financial Results and Outlook finance15
This document contains the presentation slides from Chase Carey, President and CEO of The DIRECTV Group, covering the company's first half 2008 results and outlook. Some of the key points from the presentation include:
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- DIRECTV added over 400,000 net subscribers in the U.S. in the first half of 2008, outperforming competitors.
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Banco ABC - 4th Quarter 2007 Earnings PresentationBanco ABC Brasil
Banco ABC Brasil had a successful year in 2007. The credit portfolio grew 71% to R$4,992 million while maintaining high quality with 99.5% of loans rated AA-C. Net income increased 154.6% in 4Q07 and 93.8% for the full year 2007. The middle market credit portfolio grew 89.9% with a focus on Sao Paulo clients and an average ticket size of R$1.9 million.
CCR reported strong financial results for 2Q05, with net revenues up 38.2% and net income up 372%. Traffic increased 23.3% across concessions. Total costs grew at a slower rate than revenues, leading to a 10.9 percentage point increase in EBIT margin to 38.9%. Indebtedness declined with net debt to EBITDA falling to 1.03x. The company also outlined plans to evaluate new concession opportunities in Brazil, Mexico, and Chile while continuing social responsibility programs.
Hyundai Commercial presented its 2012 financial results showing:
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Second Annual Analysts & Investors Presentation - Financial PresentationEmbraer RI
The document discusses Embraer's second annual investors and analyst meeting. It includes forward-looking statements about future events and financial trends that are subject to risks and uncertainties. The capital structure shows Embraer's voting shares are held by European and Brazilian entities, and preferred shares are listed on the NYSE and Bovespa. The presentation reviews Embraer's jet deliveries, revenues, profits, balance sheet, and performance indicators from 2000 to the third quarter of 2001. It also discusses investments, employment levels, production cycle times, and accounting differences between Brazilian GAAP and US GAAP.
2002* Segundo Encontro Anual Com Analistas E Investidores ApresentaçãO Fina...Embraer RI
The document discusses Embraer's second annual investors and analyst meeting. It provides an overview of Embraer's capital structure, stock dividends, third quarter results including the income statement, balance sheet, and key performance indicators. It also discusses Embraer's investments, revenue, earnings, employees, production cycle, and the differences between Brazilian GAAP and US GAAP accounting standards.
Segundo Encontro Anual Com Analistas E Investidores ApresentaçãO FinanceiraEmbraer RI
The document discusses Embraer's second annual investors and analyst meeting. It provides an overview of Embraer's capital structure, stock dividends, third quarter results including the income statement, balance sheet, and key performance indicators. It also discusses Embraer's investments, revenue, earnings, employees, production cycle, and the differences between Brazilian GAAP and US GAAP accounting standards.
The document summarizes key findings from an economic outlook report on the franchise business sector in the US. It projects that in 2011, the number of franchise jobs will increase by 2.5% to add 194,000 new jobs. The number of franchise establishments is projected to grow 2.5% to add 19,079 new locations. Economic output from franchise businesses is forecasted to increase 4.7% to $739.9 billion. Most franchise business lines are expected to see gains in jobs, establishments and output, with automotive, commercial services and retail seeing among the strongest growth.
The document summarizes Walgreens' third quarter 2008 conference call. It discusses Walgreens' record sales and earnings in Q3 2008, additions to senior management, and the company's strategies to broaden access to healthcare services while driving growth. Key highlights include strong prescription sales, cost control of selling and administrative expenses, and plans to expand into specialty pharmacy and worksite health clinics.
This document provides an overview of Multiplus, the largest loyalty program in Brazil. It discusses Multiplus' competitive advantages including its exclusive partnership with LATAM Airlines and large network of accrual and redemption partners. The document reviews Multiplus' communication channels, new business initiatives in insurance and hotels, and how it segments customers and personalizes offers. Key metrics on Multiplus' customer base, points issuance and redemption, financial results are also presented.
1. A reunião pública da Multiplus apresentou os principais pontos do programa de fidelidade como o relacionamento estratégico de longo prazo com a LATAM, a diversificação de fontes de acúmulo de pontos e os canais de comunicação com os clientes.
2. Foram destacados os novos negócios como o marketplace de seguros e a plataforma de reserva de hotéis, assim como a segmentação e personalização das ofertas com base na análise comportamental dos participantes.
3. Os resultados apresentados mostraram o c
O documento resume os resultados financeiros da Multiplus no terceiro trimestre de 2016, destacando um crescimento de 4,1% no número de pontos emitidos em relação ao ano anterior. As campanhas promocionais aumentaram o engajamento dos clientes e o volume de pontos resgatados e acumulados. Apesar da queda na receita líquida, a companhia expandiu sua margem bruta e manteve lucro líquido próximo ao do trimestre anterior.
O documento resume os resultados financeiros e operacionais da Multiplus no 2T16. Teve lucro líquido recorde de R$136,5 milhões, um crescimento de 24,9% em relação ao ano anterior. A margem líquida foi de 25,1% no trimestre. O número de participantes cresceu 14% em relação ao 2T15, totalizando 15,1 milhões.
This document provides an earnings release and financial results for Multiplus S.A. for the second quarter of 2016. Key highlights include record net income of R$136.5 million, a 24.9% increase over the second quarter of 2015. Non-air redemptions reached 15.5% of total points redeemed. The number of members grew 14% year-over-year to 15.1 million. New partnerships were announced in various retail sectors to allow points accrual and redemption.
This document provides an overview of Multiplus S.A.'s history, business model, network growth, sales growth, financial results, and strategic agreement with TAM Airlines. Some key points:
- Multiplus was created in 1993 and had an IPO in 2010, growing its member base to over 20 million by 2016.
- It generates profit from spreads on point redemptions, float on balances, and breakage on expired points.
- It has seen consistent double-digit growth in members, points issued, sales, and financial results in recent years.
- It renewed its 15-year strategic agreement with TAM Airlines to continue being the exclusive loyalty program.
This document contains estimates from the management of Multiplus S.A. about future events that involve risks and uncertainties. Multiplus is not responsible for investment decisions based on the information in this document. The estimates may change without notice. Additionally, forward-looking statements are based on Multiplus' expectations and may differ from actual results. Multiplus does not commit to updating forward-looking statements. This material is for informational purposes only and not investment advice.
O documento fala sobre previsões de eventos futuros da Companhia que envolvem riscos e incertezas. O material foi preparado pela Multiplus S.A. e contém declarações prospectivas baseadas nas expectativas da administração sobre o desempenho futuro da empresa. A apresentação é apenas para fins informativos e não deve ser interpretada como oferta de compra ou venda de ações.
Multiplus was created in 1993 as a loyalty program of TAM Airlines. Over the following decades, it grew significantly, reaching over 14 million members and 500 partners by 2015. Multiplus has a long-term strategic agreement with TAM Airlines, providing benefits for members such as points per seat and redemption options. Multiplus has consistently delivered double-digit growth in members, sales, and financial results due to the growing airline industry in Brazil and Latin America, increased consumption, and the untapped potential of the loyalty market in Brazil.
O documento resume os resultados financeiros da Multiplus no 4o trimestre de 2015, destacando o crescimento da receita líquida e lucro líquido, a expansão da rede de participantes e parceiros, e novas parcerias estratégicas com empresas como TAM, Grupo Pão de Açúcar e Vivo.
- Multiplus reported strong financial results for 4Q15 and full year 2015, with gross billings up 20.6% and 13.8% respectively.
- Net income increased 47.6% for 4Q15 and 50.3% for the full year, driven by growth in redemptions and partnerships.
- Multiplus continued expanding its loyalty program through new partnerships with Pão de Açúcar, Vivo, and launching an insurance brokerage.
This document provides an overview of Multiplus S.A., a Brazilian loyalty program company, from 1993 to 2015. It highlights key events in Multiplus' history such as its IPO in 2010, reaching 10 million members in 2012, and launching a mobile app in 2014. The document also summarizes Multiplus' financial performance from 2010 to the third quarter of 2015, showing consistent revenue growth and increasing profitability over time. Multiplus' loyalty program network diversified from primarily airline partners to also include retail, banking, and other industry partnerships.
O documento descreve o programa de fidelidade Multiplus, o maior programa de coalizão do Brasil. Ele detalha o modelo de negócio, destacando operacionais e financeiros entre 2010-2014, além de informar que a penetração no Brasil é de aproximadamente 6,5% da população. Também aborda a governança corporativa da empresa e suas vantagens competitivas, como a personalização de ofertas e maior conhecimento sobre os clientes.
A Multiplus apresentou crescimento consistente nos últimos anos, com aumento de 25% na receita bruta no 9M15. O lucro líquido cresceu 67% no 3T15 e 47% no 9M15, impulsionado pelo crescimento das vendas de pontos, breakage e receita financeira. A empresa mantém forte rede de parceiros, diversificação de fontes de receita e estratégia focada na experiência do cliente para sustentar o crescimento futuro.
- Gross billings were up 17.9% to R$648.1 million in the third quarter compared to the same period last year, and net revenue increased 20.5% to R$584.5 million. Net income reached a record R$144.8 million, growing 66.9% year-over-year.
- For the first nine months of the year, gross billings grew 23.1% to R$1.9 billion, net revenue increased 25% to R$1.6 billion, and net income rose 46.7% to R$354 million compared to the same period in 2014.
- An advertising campaign led to record new member subscriptions via the company's website
O faturamento cresceu 17,9% no terceiro trimestre, atingindo R$648,1 milhões. A receita líquida totalizou R$584,5 milhões, um aumento de 20,5%. O lucro líquido foi recorde de R$144,8 milhões, um aumento anual de 66,9%.
Multiplus is one of the largest insurance consultancies in Brazil operating in over 30 locations with several major insurance companies. It also operates one of the biggest hospitality groups in Brazil with 8 units in major commercial centers. Special promotions for holidays generated increases in points redeemed of around 7% with almost 2 billion points traded during one promotion and 41% of members transferring points from credit cards for the first time.
A consultoria opera com as principais seguradoras do Brasil e está presente em mais de 30 localidades, oferecendo serviços de seguros. A Multiplus, um dos maiores programas de fidelidade do país, realizou uma campanha que permitiu aos clientes acumular dois pontos a cada real gasto e fez a primeira transferência de pontos para o programa crescer 41%. A ação gerou quase 200 milhões de pontos resgatados, 31% a mais do que no mesmo período anterior.
This document summarizes key events and statistics for Multiplus, a Brazilian loyalty program company. It traces Multiplus' history from its creation in 1993 as TAM Fidelidade through its spin-off and IPO in 2010. The summary highlights Multiplus reaching 200 partners in 2012, 10 million members in 2012, and non-air redemptions reaching 8% for the first time in 2013. Financial metrics showing growth in gross billings, points issued, revenue, and income through 2014 are also provided.
This document summarizes key events and statistics for Multiplus, a Brazilian loyalty program company. It traces Multiplus' history from its creation in 1993 as TAM Fidelidade through its spin-off and IPO in 2010. The summary highlights Multiplus reaching 200 partners in 2012, 10 million members in 2012, and non-air redemptions reaching 8% for the first time in 2013. Financial metrics showing growth in gross billings, points issued, revenue, and income through 2014 are also provided.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
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Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
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MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
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. 1Q11 Highlights
OPERATING HIGHLIGHTS
• 18.5 bln points issued, a growth of 51.4% versus 2Q10 and of 9.2% versus 1Q11
• 10.9 bln points redeemed, compared to 3.2 bln points in 2Q10 and 9.0 bln points in 1Q11
• Average Breakage rate (12 months) of 23.3%, versus 23.0% in both periods 2Q10 and 1Q11
FINANCIAL HIGHLIGHTS
• Gross Billings of points of R$ 354.6 mln, an growth of 34.3% versus 2Q10 and of 4.3% compared to 1Q11
• Net Revenue of R$ 285.1 mln, compared to R$ 93.5 mln in 2Q10 and R$ 242.0 mln in 1Q11
• Net Income of R$ 81.2 mln, versus R$ 23.1 mln in the 2Q10 and R$ 70.9 mln in 1Q11
(margin of 28.5%)
• Adjusted EBITDA of R$ 81.3 mln, 3% higher than 2Q10 and 8.8% lower than 1Q11
(margin of 24.8%)
3
4. Operating Performance
BREAKAGE RATE (12 MONTHS AVERAGE)
%
+30 bps
+30 bps
23,3%
23,0% 23,0%
22,6% 22,6%
2Q10 3Q10 4Q10 1Q11 2Q11
MEMBERS PARTNERSHIPS
In millions #
+28.8%
+19.5%
+4.0% -3.0%
166 161
8,3 8,6 151
7,6 8,0 133
7,2 125
12 15 19
7 7
2Q10 3Q10 4Q10 1Q11 2Q11 2Q10 3Q10 4Q10 1Q11 2Q11
Accrual Coalition
NOTE: Some partnerships with bad performance were canceled in 2Q11.
4
5. Coalition Partnerships Network
(members can earn and redeem points)
Magazine
Air Travel Travel Agency Gas Stations Bookstore Hotels Telecom Pay-TV Apparel Education
Suscriptions
Universities Stock Exchange
Gym Drugstore
Food
Beauty and Group buying Furniture and
Home Centers Groceries Car Rental Insurance Pension Plan e-Commerce
Healthy Decoration
Note: blank slots refer to targeted segments
5
9. EBITDA
EBITDA ADJUSTED EBITDA
R$ millions R$ millions
+3.0%
+193.5%
+3.2%
-18.0%
+8.2% -8.8%
103,3
95,0
91,5 88,5 89,1
84,6 78,9 82,1 81,3 84,7
59,9
Margin 47,5 46,2
41,7 Margin
31,2
33.4% 36.5% 20.3% 35.0% 32.1% 32,5% 33,8% 32,2% 34,6% 19,9% 15,4% 28,6% 33,2% 24,8% 25,8%
2Q10 3Q10 4Q10 1Q11 2Q11 2Q10 3Q10 4Q10 1Q11 2Q11
Adjusted EBITDA
Adjusted EBITDA with previous periods effects
NOTE: “previous periods effects” refer to unit cost and Breakage rate variation effects on
the balance of points to be redeemed in the previous period
9
10. Net Income and Free Cash Flow
NET INCOME FREE CASH FLOW TO EQUITY
R$ million
R$ millions R$ millions
+250.9% +7.7%
+26.3%
326,6 327,7
304,3
285,5
259,4
+14.5%
81,2
70,9
Margin
44,5 43,3
23,1
24.7% 34.2% 21.0% 29.3% 28.5%
2Q10 3Q10 4Q10 1Q11 2Q11 2Q10 3Q10 4Q10 1Q11 2Q11
Note: Excluding dividends and capital reduction effects
10
11. Main Long Term Goals
Gross Billings of points Multiplus sells points … Costs of rewards
TAM Air Tickets
Retail, Industry and Services …and buys rewards Others
Banks
Current* Current*
26%
98%
Sources of Profit
3%
Spread 2%
Margin between point price and
71%
cost of rewards
z Breakage
Points expiring without being
redeemed
Long Term Target Long Term Target
Interest income on the float
Gap between sales and redemptions
of points
Cross-selling of services
Outsourcing and CRM
15 to 20% 15 to 20%
*2Q11 data 11
12. Capilarity Project
CONCEPT
Accrual and balance checking at the point-of-sale
• spread the loyalty concept
• speed up the capillarity strategy penetrating new market segments
• increase sales in retail market
Standard rule: 1 Real ($) = 1 Multiplus point
Special rules allowed (such as minimum ticket) adding more value to the partner
Multiplus as one product of Redecard’s sales team
TIMELINE
Since June 2011: Pilot at 2 restaurants (Japengo)
August 2011: rollout to 50 merchants in São Paulo
December 2011: rollout to at least 350 merchants in Brazil Collect points
here
12
13. Non-airline tickets redemptions
POINTS REDEEMED IN NON-AIRLINE TICKETS
Attractive offers to members
As % of total points redeemed 2,5%
Books Fuel 2,1%
Clothing Hotels
Courses Magazines 0,8%
0,4% 0,4% 0,4% 0,5% 0,4% 0,5% 0,5% 0,5%
Donations Pay-TV 0,2% 0,2%
DVDs Telecom services
dez/10
jul/10
mar/11
jan/11
ago/10
set/10
nov/10
fev/11
out/10
mai/11
jun/10
abr/11
jun/11
Electronics Tickets
NOTE: it includes points issued before 2010 (TAM’s inventory)
COALITION AND REDEMPTION PARTNERS
OPERATIONAL IN SETUP PROCESS ROADMAP
Car rental
Groceries
Entertainment
Restaurants
Beauty
Others
13