Earnings release
Page 1
RD Gente , Saúde e Bem - estar . RaiaDrogasil S.A. EARNINGS RELEASE 1Q21 Raia Rala DROGASIL + DROGASIL São Paulo , May 11 , 2021. RD - People , Health and Well - being ( Raia Drogasil S.A. – B3 : RADL3 ) announces today its results for the 1st quarter of 2021 ( 1Q21 ) . The Company's parent company and consolidated interim financial statements for the periods ended March 31 , 2021 and 2020 have been prepared in accordance with the accounting practices adopted in Brazil , including the rules issued by the Brazilian Securities Commission ( CVM ) , the Brazilian Accounting Standards - General Technical ( NBC TG ) and the pronouncements issued by the Brazilian Accounting Pronouncements Committee ( CPC ) , and are in conformity with the International Financial Reporting Standards ( IFRS ) issued by the International Accounting Standards Board ( IASB ) , and provide all the significant information related solely to the interim financial statements , which is consistent with the information used by management . The financial statements were prepared in Reais and all growth rates , unless otherwise stated , relate to the same period of 2020 . Since 2019 , our financial statements have been prepared in accordance with IFRS 16. In order to better represent the economics of the business , the figures in this report are presented under IAS 17 / CPC 06 , the previous reporting standard . Reconciliation with IFRS 16 can be found on pages 12 and 13 . QUARTERLY HIGHLIGHTS : > PHARMACIES : 2,319 units in operation ( 40 openings and 20 closures ) > MARKET SHARE : 0.3 percentage point national increase > > GROSS REVENUE : R $ 6.0 billion , 14.9 % growth vs. the 1Q20 and 43.9 % vs. the 1Q19 CONTRIBUTION MARGIN * : 9.7 % , 16.0 % of growth and 0.1 p.p. of margin expansion > ADJUSTED EBITDA : R $ 415.9 million , a 7.0 % EBITDA margin and 12.6 % of growth > ADJUSTED NET INCOME : R $ 177.9 million , 3.0 % of net margin and 16.5 % of growth > * CASH FLOW : R $ 132.0 million negative free cash flow , R $ 126.0 million total cash consumption * Margin before corporate overhead ( gross profit - selling expenses ) RADL3 R $ 27.39 / share NUMBER OF SHARES 1,651,930,000 Summary ( R $ thousand ) 1Q20 2Q20 3Q20 4Q20 1Q21 # of Pharmacies 2,104 2,159 2,220 2,299 2,319 Organic Openings 39 55 64 82 40 Closures ( 5 ) 0 ( 3 ) ( 3 ) ( 20 ) 4Bio 3 3 3 4 4 # of Stores - Pharmacies + 4Bio 2,107 2,162 2,223 2,303 2,323 Headcount ( EOP ) Pharmacist Count ( EOP ) 42,250 8,125 42,115 8,414 43,223 44,631 8,658 8,788 45,532 9,088 MARKET CAP R $ 45,246 ( million ) CLOSING May 10th , 2021 IR CONTACTS : Eugênio De Zagottis Fernando Spinelli André Stolfi Igor Spricigo Renato Rossini SITE : ir.rd.com.br E - MAIL : ri@rd.com.br # of Tickets ( 000 ) Gross Revenue 67,173 52,308 60,298 67,098 65,660 5,206,320 4,721,872 5,384,230 5,868,052 5,979,508 Gross Profit % of Gross Revenues 1,441,851 1,320,122 1,494,996 1,634,213 1,641,852 27.7 % 28.0 % 27.8 % 27.8 % 27.5 % Adjusted EBITDA 369,356 % of Gross Revenues 7.1 % 231,811 4.9 % 397,159 7.4 % 430,843 7.3 % 415,855 7.0 % Adjusted Net Income % of Gross Revenues 152,753 2.9 % 61,688 1.3 % 172,871 3.2 % 213,672 3.6 % 177,947 3.0 % Net Income 145,840 % of Gross Revenues 2.8 % 60,210 1.3 % 174,717 3.2 % 198,492 3.4 % 188,789 3.2 % Free Cash Flow ( 48,150 ) ( 437,520 ) 351,785 425,112 ( 131,972 ) IBRX50 B3 IBRA B3 IGCT B3 ITAG B3 IGC - NMB3 ICON B3 MLCXB3 ICO2 B3 B3 LISTED NM RADL