Embed Size (px)
DESCRIPTION
ri
Citation preview
4Q12 EARNINGS PRESENTATION February 7, 2013
DISCLAIMER
The Company makes forward looking statements that are subject to risks and uncertainties. These statements are based on the beliefs and assumptions of our management as well as on information currently available to us. Forward-looking statements include information regarding our current intent, beliefs or expectations, in addition to those of the members of the Board of Directors and Executive Officers of the Company.
Forward-looking statements also include information regarding our possible or assumed future operating results, as well as statements preceded or followed by, or that include, the words ''believes”, ''may”, ''will”, ''continues”, ''expects”, ''anticipates”, ''intends”, ''plans”, ''estimates”, or similar expressions.
Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions, for they relate to future events, thus depending on circumstances that may or may not occur. Our future results and the creation of value to shareholder s may differ significantly from those expressed in or suggested by these forward-looking statements. Many factors determining these results and values are beyond Cielo’s ability to control or predict.
2
Launching the new e-commerce platform
Acquisition of M4U
JV between Oi and Cielo
Launching of Cielo Mobile iOs System
Acquisition of Braspag
Launching of Cielo Mobile Android
November
2010 June 2011
August 2010
May 2011
March 2012
September
2012
Partnership with CyberSource
Acquisition of MeS
January 2010
September
2010 November
2012
Launching of Facebook on Cielo POS solution
3
CIELO | FOCUS ON INNOVATION
Partnership with Planet Payment
CIELO | TRANSACTION FINANCIAL VOLUME
4
56,034 61,134 65,062
35,219 34,621 39,302
4Q11 3Q12 4Q12
Quartely Evolution (R$ milllion)
Credit cards Debit cards
95,754
14.4%
9.0% 91,253
104,363
197,541 241,552
118,315
138,368
2011 2012
Annual Evolution (R$ million)
Credit cards Debit cards
20.3%
315,856
379,920
CIELO | NUMBER OF TRANSACTIONS
5
2,658 3,064
1,964 2,240
2011 2012
Annual Evolution (million)
Credit Debit
4,622 5,303 8.9%
730 774 800
572 560 618
4Q11 3Q12 4Q12
Quartely Evolution (million)
Credit Debit
1.334
1,302 1,334 1,418
8.9%
6.3%
CIELO | OPERATIONAL INDICATORS
6 Active Merchant are those that have made at least a single transaction in the last 60 days.
1,484
1,727
1,199 1,329
2011 2012
Annual Evolution (thousand)
# Installed POS Active Merchant
16.4%
1,484 1,659 1,727
1,199 1,291 1,329
4Q11 3Q12 4Q12
Quartely Evolution (thousand)
# Installed POS Active Merchant
16.4%
4.1%
CIELO | NET OPERATING REVENUE
7
1,204.3 1,338.3
1,607.2
4Q11 3Q12 4Q12
Quartely Evolution (R$ million)
Net Operating Revenue
33.5%
20.1% 4,208.7
5,427.4
2011 2012
Annual Evolution (R$ million)
Net Operating Revenue
29%
CIELO | COSTS + EXPENSES
8
1,425.2 1,852.8
613.4
809.4
2011 2012
Annual Evolution (R$ million)
Costs Expenses
2,662.1
2,038.7
30.6%
405.7 435.5 610.5
201.3 194.5
265.0
4Q11 3Q12 4Q12
Quartely Evolution (R$ million)
Costs Expenses
875.5
630.0 607.1
44.2%
Costs + Expenses per transaction
4Q11 3Q12 4Q12
Total (R$ cents) 0.47 0.47 0.62
Excluding subsidiaries (R$
cents) 0.43 0.43 0.45
Costs+ Expenses per transaction
2011 2012
Total (R$ cents) 0.44 0.50
Excluding subsidiaries (R$ cents)
0.41 0.42
Impact of consolidation of Merchant e-Solutions
CIELO |PREPAYMENT OF RECEIVABLES
9
193.2 207.9
237.5
4Q11 3Q12 4Q12
Quartely Evolution (R$ million)
Revenue of Prepayment of Receivables
23%
14.2% 611.5
847.9
2011 2012
Annual Evolution (R$ million)
Revenue of Prepayment of Receivables
38.7%
CIELO |PREPAYMENT OF RECEIVABLES INDICATORS
10
4,899.2
6,414.2
8,542.9
55.8 56.0
61.6
50
60
70
0,0
1.000,0
2.000,0
3.000,0
4.000,0
5.000,0
6.000,0
7.000,0
8.000,0
9.000,0
4Q11 4Q12 4Q12
Quartely Evolution (R$ million)
Financial prepayment volume Average Term (days)
33.2%
74.4%
15,407.5
26,409.3
58.3 58.4
0
10
20
30
40
50
60
70
80
90
100
110
120
130
0,0
5.000,0
10.000,0
15.000,0
20.000,0
25.000,0
30.000,0
2011 2012
Annual Evolution (R$ million)
Financial prepayment volume Average Term (days)
71.4%
Prepaid volume as % of total credit
volume
2011 2012
7.8 10.9
Prepaid volume as % of total
credit volume
4Q11 3Q12 4Q12
8.7 10.5 13.1
CIELO |FINANCIAL RESULT
11
553,6
746,4
2011 2012
Annual Evolution (R$ million)
Financial Result
34.8%
166,4
199,3 179,7
4Q11 3Q12 4Q12
Quartely Evolution (R$ million)
Financial Result
8.0%
-9.8%
CIELO | EBITDA
12
661.1
782.5 826.2
54.9% 58.5%
51.4% 45,0%
50,0%
55,0%
60,0%
65,0%
70,0%
75,0%
0,0
100,0
200,0
300,0
400,0
500,0
600,0
700,0
800,0
900,0
4Q11 3Q12 4Q12
Quartely Evolution (R$ million)
EBITDA EBITDA Margin
5.6% 2,407.9
3,082.6
57.2% 56.8%
45,00%
50,00%
55,00%
60,00%
65,00%
70,00%
75,00%
0,0
500,0
1.000,0
1.500,0
2.000,0
2.500,0
3.000,0
3.500,0
2011 2012
Annual Evolution (R$ million)
EBITDA EBITDA Margin
28%
25%
CIELO | NET INCOME
13
504.5
588.9 610.3
41.9% 44.0% 38.0%
-5,0%
5,0%
15,0%
25,0%
35,0%
45,0%
55,0%
65,0%
75,0%
0,0
100,0
200,0
300,0
400,0
500,0
600,0
700,0
4Q11 3Q12 4Q12
Quartely Evolution (R$ million)
Net Income Net Margin
3.6%
21%
1,810.3
2,314.6
43.0% 42.6%
-5,0%
5,0%
15,0%
25,0%
35,0%
45,0%
55,0%
65,0%
75,0%
0,0
500,0
1.000,0
1.500,0
2.000,0
2.500,0
2011 2012
Annual Evolution (R$ million)
Net Income Net Margin
27.9%
CIELO | NOTICE TO SHAREHOLDER´S
14
Remuneration Regarding 2H2012
Capital Stock will increase to R$ 1 billion Bonus share of 20% April, 29,2013 New Number of Shares 786,115,469
Dividends: R$ 803.5 million or R$1.23 per share
IoE : R$35.9 million or R$0.05 gross per share
Remuneration Regarding 2012
Capital increase and Bonus share
70% of Payout
Dividends: R$ 1.520 billion or R$2.32 per share
IoE: R$ 67.1 million or R$0.10 gross per share
IoE = Interest on Equity
INVESTOR RELATIONS CONTACTS
www.cielo.com.br/ri
E-mail: [email protected] | Phone: + 55 11 2596 1701
