Slides
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1Q25 Earnings Release May 09th 2025
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Disclaimer This presentation was prepared as a supporting document for the conference call on the results of Intelbras S.A. Indústria de Telecomunicação Eletrônica Brasileira (“Intelbras” or “Company”). This presentation should not be considered a complete document and should be analyzed together with the other documents made available by the Company. Any forecasts contained in this document or any statements that may be made during the conference call about future events, business perspectives, among others, constitute mere beliefs and expectations of Intelbras Management, based on information currently available, considering market analysis and economic environment. Such statements involve risks and uncertainties and, therefore, depend on circumstances that may or may not occur. Investors should understand that general economic, industry conditions and other operating factors may affect Intelbras' future performance and lead to results that differ materially from those expressed in such forward-looking statements. The information and opinions contained herein should not be understood as a recommendation to potential investors and any investment decision should be based on the veracity, timeliness and / or completeness of that information or opinions. This material has been updated to the present date and the Company does not undertake to update it with new information and / or future events.”
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Agenda 1 Financial Review 2 Net Revenue & EBITDA Evolution 3 Consolidated Gross Profit 4 Business Segments Performance 5 Cash Evolution 6 Capex 7 Perspectives
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Highlights 1Q25 Net Revenue (R$ thousand) R$ 921,267 -11.3% 1Q25/1Q24 EBITDA (R$ thousand) R$ 81,152 -51.4% 1Q25/1Q24 Net income (R$ thousand) R$ 61,594 -60.0%1Q25/1Q24 ROIC (pre-tax) 13.8% -10.2 p.p1Q25/1Q24
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Net Revenue (R$ thousand) Recurring revenue Non-recurring revenue ¹ Growth without non-recurring revenue
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EBITDA (R$ thousand) Non-recurring revenue
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Relevant operational deleveraging due to the limitation arising from the ERP migration Industrial idleness of R$15,739 thousand recognized as an expense this quarter 16.1% 8.8% EBITDA (R$ mil)EBITDA (R$ mil)
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Consolidated Gross Profit Gross margin in line with recent quarters Industrial activities regained efficiency throughout the quarter
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57%22% 21% 1Q25 Segurança TIC Energia » Security • Revenue had been impacted by unavailability of relevant products since the new ERP started operating; • Distribution stocks consumed during the period; • Sell out in accordance with quarter perspectives. Net Revenue 1Q25 4Q24 AH% 1Q24 AH% Security 526,105 699,309 -24.8% 563,358 -6.6% ICT 205,870 291,531 -29.4% 219,338 -6.1% Energy 189,292 296,836 -36.2% 256,335 -26.2% Business Highlights
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57%22% 21% 1Q25 Segurança TIC Energia » ICT • The impact caused by ERP was more significant in the new business lines, which adopt strategic and dedicated billing formats; • Inventories in the distribution channel were consumed during the period; • Developments in the new system are still in progress during the second quarter. Net Revenue 1Q25 4Q24 AH% 1Q24 AH% Security 526,105 699,309 -24.8% 563,358 -6.6% ICT 205,870 291,531 -29.4% 219,338 -6.1% Energy 189,292 296,836 -36.2% 256,335 -26.2% Business Highlights
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57%22% 21% 1Q25 Segurança TIC Energia Net Revenue 1Q25 4Q24 AH% 1Q24 AH% Security 526,105 699,309 -24.8% 563,358 -6.6% ICT 205,870 291,531 -29.4% 219,338 -6.1% Energy 189,292 296,836 -36.2% 256,335 -26.2% » Energy • On-grid solar budgets showed higher volumes than in 1Q24, but revenue impacted by system migration; • Significant reduction in large-scale on- grid and off-grid solar projects; • Impacts on other Energy businesses according to the other company's segments. Business Highlights
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Revenue March 2025 higher than March 2024 in terms of revenue October, our largest month in 2024, represents “100 base” revenue 54 84 100 October-24 November-24 December-24 January-25 February-25 March-25 TOTVS SAP
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Revenue | Production Clear bottleneck in January, with recovery at the end of February 54 84 100 100 16 84 October-24 November-24 December-24 January-25 February-25 March-25 TOTVS SAP ProductionRevenue October, our largest month in 2024, represents “100 base” Production
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Revenue | Production March production according to the expectations 54 84 100 100 16 84 92 October-24 November-24 December-24 January-25 February-25 March-25 April-25 TOTVS SAP ProductionRevenue On working days, April production was 5% higher than October 2024
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Cash Evolution Investments should remain at lower levels throughout the year Operating cash consumption due to still high inventories
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28 68 75 17 39 49 71 12 35 52 83 9 24 168 203 32 58 101 145 33 71 104 139 18 52 236 278 50 97 150 216 45 106 157 221 27 2020 2021 2022 1Q23 6M23 9M23 2023 1Q24 6M24 9M24 2024 1Q25 CAPEX Growth (In million R$) Maintenance Expansion CAPEX • Capex in the quarter aligned with the fiscal year strategy of lower level of investment in expansion.
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Perspectives • Annual meeting with sales teams and distribution channels • Clear and unified message for everyone • Video available at: https://youtu.be/LRT c-Oji43g
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ERP implemented with long-term vision and impacts limited to 1Q25 Recovery of Cash Level and ROIC throughout the year Perspectives Month-by-month evolution of operations, as already observed in April
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