CVC Brasil Operadora e Agência de Viagens S A : 2Q23 Presentation
August 07, 2023
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Results Presentation - 2Q23
August 9, 2023
Disclaimer
Certain statements contained herein are forward looking statements based on Management's current estimates regarding future performance that may result in material differences regarding results in the future, performance and events. These prospects include future results that may be affected by historical results and investments.
In fact, actual results, performances or events may differ materially from those expressed or implied by the forward-looking statements, as a result of several factors, such as the general and economic conditions in Brazil and other countries, interest rate and exchange rate levels, future rescheduling or prepayment of debt denominated in foreign currencies, changes in laws and regulations and general competitive factors (on a global, regional or national basis).
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Highlights
Leverages for tourism growth
(-) Positive inflationary scenario - IPCA and industry
(+) Increase in capacity (ASK)
(+) PMS1 indicates a growing volume of tourist activities
(+) Hotel occupancy rate at 2019 levels with average ticket increase (+21%)
Growth projected in Brazilian
tourism revenues in 2023
points out a study by Fecomércio
Crédito: Panrotas - Rodrigo Vieira
CVC Sales Convention 2023
Led by Fábio Godinho
Sell
Sell more
Sell much
more
+1,300 participants in loco
Rapprochement of master franchisees and franchisees
Realignment between profitability - franchisor and franchisees and opening of new stores
Focus on partnership with strategic suppliers and pricing
Prioritize core businesses: product, marketing, sales and post- sales operations
1. IBGE Data
3
Public Offer (Follow-on)
Fundraising of R$ 550 million
Issuance of 166 million of shares
Pricing R$ 3.30/share
Warrants¹
Issuance of 83 million of warrants (1 subscription warrant for each 2 shares subscribed in the offering)
Exercise Date: 11/21/2023
Exercise Price: the average of the closing prices of the Shares at B3 in the 15 days preceding the Exercise Date, with a discount of 10%
Former founders reinvest in the Company
In the context of the Public Offer, the CVC former founder, subscribed the amount equivalent to R$100 million in shares, through GJP FIA
¹ We recommend the complete reading of the Material Fact of 06/22/2026 about the Pricing of the Offer, available on the Company and CVM website
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Management Team to deliver CVC Corp's disciplined growth strategy with focus
on profitability
FABIO GODINHO
CEO
Business
Supporting
Corporate
Units
Departments
Departments
Finance and IR
Products and
CARLOS WOLLENWEBER
REXTURADVANCE
VISUAL
TREND
CVC and
CVC
CCO and CSC
Technology
and ESFERATUR
EXPERIMENTO
ARGENTINA
Pricing
People
PAULA DOMINGUES
MARVIO MANSUR
HUGO LAGARES
BRUNO HELENO
EMERSON BELAN
CECILIA GORGO
FABIO MADER
TULIO MAIA
PAULO PALAIA
Governance
ELIANE LAPA
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CVC Brasil Operadora e Agência de Viagens SA published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2023 12:52:01 UTC.
CVC Brasil Operadora e Agência de Viagens S.A. is one of the main Brazilian tourist groups. Net sales break down by activity as follows:
- sale of tourist packages (911%): flights, transfers, accommodation, travel insurance, cultural and professional trips, excursions, etc. 62.2% of the turnover is realized in Brazil ;
- sale of cruise packages (9%).
At the end of 2018, products and services were marketed through a network of 29 tourist sales outlets and 1,302 exclusive travel agencies, through more than 7,150 independent agents and via the online distribution platforms cvc.com.br and submarinoviagens.com.br.