Good morning, ladies and gentlemen. Welcome to the Conference of ClearSale, where we discuss the results of the fourth quarter of 2024. All participants are connected as listeners. To make questions, please click on the button of Q&A located at the bottom of the screen. It will be answered later in a section of questions and answers. The video presentation is being transmitted simultaneously via internet via webcast. The recording is available in the website of the IR of the company in the address ri.clearsale.com.br. The slides of which will also be available in the investor site of the company or in the site of the CVM. Before beginning, I would like to mention that any declarations which may be made during this conference relative to the business perspectives constitute predictions based on the current expectations of management. These expectations are subject to changes due to the conditions, macroeconomic conditions, market risks, and other factors. Future considerations are not guarantees of performance. There are risks, uncertainties, and premises as they refer to future events and therefore depend on circumstances which may or may not occur. The economic conditions, listen to the industry, and other operational factors could affect the results of the company and may take us to results which differ materially from those expressed in these considerations and future considerations. With us today, we have Eduardo Monaco, CEO, Alessandro Mafra, CFO, and Renan Kimoto, Director of Investor Relations. Initially, Monaco will make the comments about the strategic highlights of the period, and after that, Mafra will talk about the financial results of ClearSale. After that, they will be available together with Kimoto to answer any questions which may be made. I'd like to now pass it over to Eduardo. Please, Monaco, go ahead. Hi everybody. Very happy to be here with you once again for. To deal with the results of ClearSale with reference to the end of 2024, where we consolidate the results of the entire year. Before beginning, I would like to give you a strategic highlight to an item that we know that all our accompanying our investors and stockholders with reference to the transaction with Serasa Experian, which has been one of our focuses since October of 2024, announced to the market the signing of this operation. I brought you a timeline of all of the steps, relevant steps to the market that have happened over this trajectory. Just remember that on the third of October, we had the signing of the agreement. We mentioned a relevant fact with all the details of this document. On the 27th of November, we had one of the principal milestones on this journey was the approval by the regulatory organs, the CADE, which approved with no restrictions the transaction, seeing that all of the benefits that this would bring to the market. After that, on the 22nd of December, we shared all the results with the General Assembly, Extraordinary Assembly, where all of our requirements were approved by our stockholders in a unanimous way. On the 19th of February, we had a meeting of the board meeting confirming this deal and all of the items connected with the process and the proceeding conditions, suspensive of the operation, and also the approval of all of those, of all the information which derived from the confirmation of the value of the transaction. This meeting was also done successfully. The principal output of this meeting was the maintenance of all of the price of the transaction accorded within the merger agreement, together with the fact that we approved with Experian all of the precedent conditions needed for success. On the 13th of March, the 19th of March, our stockholders who have shares of ClearSale had a choice of opportunity to choose. On the 25th of March, we will do the final results and see which each stockholder has chosen and what is the volume which will be allocated in each one of the three options which we have been able to negotiate with the market. On the 1st of April, it will be the effective closing of this operation. On the 2nd of April, we will have the process of negotiation for those who have opted for BDRs. On the 11th of April, the payment and liquidation of the parcel in cash of who have chosen option one or three. For those who have followed all these steps, we have looked at our numbers and for that, our CFO, Alessandro Mafra, will show not only the numbers from this quarter, but also the consolidated numbers for the year. Thank you, Monaco. Thank you all, and thank you very much for your presence. Now I'm going to go through the financial data of the fourth quarter of 2024. Beginning with slide five, with the operating indicator churn rate was 5.2% in 2024, a worsening by 7/10 of 1% in relation to 2023. In the third quarter, one third of it was the closing of activities. In the international area, this is the churn of transferring one large client that for 24 to 19 years, logo below. We closed the year with 7,622 clients, 77% are in Brazil, and 19% in the international transactions, and 4% in applications. In relation to this, at the beginning of the year, we had an addition of 104 net gain of 104 clients. Next slide will bring the MRR for the sale of this new revenue. This is based on an estimate on the recurring clients and will generate for ClearSale monthly for the coming periods. The MRR of new sales was BRL 9.3 million, a growth of 33.3%, presenting growth in all areas in all of our business units. MRR of new sales, recurring monthly recurrence or that were more predictability of monthly consumption, totals BRL 7.5 million, which annualized means a BRL recurring of BRL 89 million. A very important growth for the next year based on the sales of 2000. The non-recurring MRR was predominantly related to the the whole application front. In relation to the revenue, we had BRL 72.9 million in 2024, presenting growth annual of 36.4%, pushed by the performance of new sales, monthly recurrence of Brazilian transaction, which grew by 42.2%, as well as by the recurring new sales of the Application Fraud. The international transactions which totaled BRL 6.6 million identified a growth of 29.4%. Going now to the next slide, net revenue for total revenue was BRL 129 million in the third quarter of 2024, an annual fall of 3%, reflecting a tendency for the reduction of this when compared with the previous quarters. The annual revenue is BRL 474 million, a fall of 5.9%. In the fourth quarter, the Brazil transaction totaled BRL 80.8 million, a growth of 19.9% due to higher seasonality and new sales, a fall of 2.9%, representing a fall in the rhythm of fall compared to previous quarters, principally in the big marketplaces, as can be seen in the graph on the right. On the international transactions, the net revenue reached $2.9 million or BRL 17 million in the fourth quarter of 2024, an annual fall of 24.6% in dollars or 11.2% in reais, while during the cumulative for the year, the total revenue totaled $11.4 million and BRL 61.3 million, an annual fall of 20.7% in dollars or 14.7% in reais. The annual fall is explained by the cleaning of our client base, focused on the new, more profitable clients and the churn of a great client. On the Application Fraud front, we had revenue of BRL 31.9 million, growth of 21.9% compared to the previous quarter of 4.4%. This is explained by the performance of new sales and by the carry forward of sales realized in the past, basically by the non-recurring revenue. In 2024, our revenue reached BRL 134 million, a growth of 10.3%. Going to slide eight, costs and expenses. In this slide, we want to bring an evolution of the vision of the evolution of our costs and expenses. On the right-hand side, you will see the capture of benefits from different plans implemented over the years. These costs and expenses reached BRL 543 million in 2024, a reduction of an expressive reduction of BRL 41 million in relation to the previous year. It's worth noting the impact on the provision of incentives in the long term in relation to old stuff due to the prices of the stock of our shares, excluding this effect that the expenses were an annual fall of BRL 47.9 million. Going to slide nine, as a result of everything that we've touched on here, we reached a profit margin of 43.7%, both in Brazil as well as in the consolidated in the fourth quarter of 2024. Additionally, our gross revenue reached BRL 56.6 million, a reduction of BRL 4.4 million in relation to the previous year. For the year, the annual profit reached BRL 194.5 million with a gross margin of 41%, an improvement of 2.93 percentage points. The EBITDA indicator, excluding the incentives for long-term incentives, was BRL 7.6 million, reflecting an EBITDA margin of 5.9% for the fourth quarter of 2024. Going to slide 10, cash flow and investments and debt. The cash flow, we have a generation of cash, operational cash of BRL 16.8 million for the fourth quarter of 2024. With the cumulative of the year, the generation of cash was BRL 26 million, below the cash flow and investments, reducing the investments in order of BRL 1.3 million in the fourth quarter and of BRL 21.2 million accumulated for the year, comparison to the same period of the previous year. This reduction is due principally to the development as a reflection of the restructuring, strategic restructuring done in September of last year. At the right-hand corner, we closed the fourth quarter of 2024 with a gross debt of BRL 1.7 million and a level of BRL 2.5 million in debts in the fourth quarter. Finally, we closed the year with BRL 357 million in cash, consumption of BRL 11.3 million for the year. I'd like to thank you for the confidence deposited in the company and to thank all of our investors and analysts, which have their last presentation as a result of the call and call Monaco for his final considerations. Thank you, Mafra. Now, just to do the closing of this process, we would like to point out that we are continuing very focused on accompanying and working together with Serasa Experian in all the processes necessary so that we can have the process of integration and the continuity, business continuity, unlocking all the potential and synergies that exist in this combination as business combination. We've done this with a lot of diligence, a lot of care to preserve the business we built over time, and at the same time, that we counter all of the potential of this partnership. Nonetheless, in the day-to-day of our business, we continue with our focus on diversification, deleveraging, scalability, profitability demonstrated in the numbers that Mafra brought to us here. I would like to point out two principal points in our report here. We had a growth of 36% year on year in gross revenue of new sales, which is an enormous focus of ClearSale this year, so that we can show the market all of our new portfolio products, our new positioning, and our new way of looking with our dealing with our clients. The numbers reflect that we have had a very successful year in this direction, which involves the work of many processes, much and a great deal of evolution that has been done over the time. We accelerated over these quarters the fallout for revenue, principally in the Brazil transaction of going through that valley that we lived in, in this process of strategic transition, headed by the market, led by the market, caught by the market, and our needs to answer in the best possible way to the moment of the economy and of the market. We have reduced by more than BRL 41 million our expenses and reinforcing our commitment to becoming more scalable, healthy, with BRL 18.4 million in evolution in our EBITDA and LLP in 2024, and BRL 62.1 million in generation of operating cash in 2024. These are marks that are important and a trajectory that has grown, and we have been growing, has been growing over recent years. Talking about this trajectory, I'd like to say again a little bit about this moment, this transition that we are living through, closing this presentation and being at this moment in the last earnings call to the market. We think it'd be interesting to remind you a little bit of the macro vision of everything that we have done over these years. First of all, we have been able in this journey to diversify our revenue, reduce our dependency on large players and marketplaces, which over the trajectory have been so important to us. In this moment, we have been able to diversify, and we need to leverage this revenue from these players, from these principal players. Secondly, we have a team that has used our structure of people, our way of working, and the way in which we make decisions and organize as a company, which is much more scalable, much more optimized, and much more prepared so that we can grow without the need of piling people on over our trajectory in our journey. Thirdly, we have invested a great deal in technology, and we have greatly increased our portfolio products, components using our solutions, which we have promised to the market. We are proud to say that we have solutions for various points in this journey constructed over these recent years through investment, focused on sustainability in the medium terms, but which has never stopped being our priority as we are looking at this medium term. We're much more ready for scalability and profitability to be able to enter into new markets, new segments, and new pains and new pain points that exist in the current market. Fourthly, we think our strategy is fundamental for this journey, remembering that several years ago, we were a company greatly focused on full service, focused on a company that on a look that worked very well for the transition of goods that were delivered to our market. We then declare a strategic partner of our clients, much more ready to handle the different journeys and the many more components, technological components, which are able to address the pain, the fraud, and mitigate the fraud problem in the context in which we live. Fifthly, we want to reposition our brand to be able to show our new way of demonstrating and a much more modern and technological and using all of the power of our data lake to build constructions in partnership with the market. Sixth, we have established the cash burn. We had a very important cash burn in an important and responsible way, focusing on the medium term. We have started 2024 with an important mark of stable ability in this cash burn, remembering that we are a company which still has a very relevant cash on hand, and we are very ready at this moment to go to the seventh point, which is a company ready to proper original plan and ready to grow, to go back to growing, as is demonstrated in the graph in the fourth quarter, in the fourth quarter. We're now going through the worst part of this trajectory, and we are now absolute certainty able to gain the fruits of all the work and effort which we have done over the years. To close, I wanted to leave here a message that thanks to our investors, who have always been with us, always believed in our proposition, and that have had a been very close to the business, to believe in our trajectory, and also thank our team, our clients, our partners, because it's been an important trajectory in the history of ClearSale for our proposition. Thank you all. To close, I would like to open for any questions and answers that you might have. Good morning. I think since we have no questions in the question in the list, this is Alessandro Mafra speaking. I'm just coming back to thank you again for your confidence, which has been deposited in us during this entire journey. We continue extremely committed to make this transition with Serasa Experian as strong as possible and to continue going forward with the company with the size of the potential that we believe that it has. I want to thank you all once again and place ourselves at your complete disposition for anything that you might need. Monaco. Mafra, thank you. Also, I wanted to stop by to make a final thanks. This is our last earnings call as a group. It's been an honor to represent ClearSale here and to be close to you and work in this journey of transformation, which has been so important there for us in the company, which ended in this deal which we have done with Serasa Experian, which is going to open a new chapter in our trajectory, which will perpetuate our proposition and our desire to continue fighting fraud in a country which is so challenging. Thank you all very much. Count on us, and we will see you around. Thank you.
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