Good afternoon, ladies and gentlemen. Welcome to Eletromidia's conference call to discuss the results of the third quarter 2021. The audio and slide presentation of this conference call are being simultaneously broadcast over the internet on the company's IR website, ri.eletromidia.com.br, and over the MZ IQ platform. We inform you that all participants will be in a listen only mode during the company's presentation, after which we will start a question and answer session. At that time, further instructions will be given. Should you need any assistance during this call, please press star zero to reach the operator. We must inform that any forward-looking statements made during this conference call are subject to risks and uncertainties, which may cause these expectations not to materialize or to be different than expected. These forward-looking statements express an opinion that is current only on the date they are made, and the company is not obliged to provide any updates. Today, we have with us Mr. Eduardo Alvarenga, CEO, Mr. Ricardo Winandy, CFO, and Mrs. Marina Melemendjian, IR Director and M&A Director. Now I hand over the conference to Mr. Eduardo to start his presentation. Mr. Eduardo, you may proceed. Good afternoon, everyone. I'm very happy to be here. We are certain that we are on the right track, and we are ready to announce the results of Eletromidia for quarter 3 2021. Consequently, our audiences, we start to see in quarter 3 a recovery in our market, a huge potential for Eletromidia and good profitability for our business, even if times are still challenging. The evolution of the vaccination curve of adults in Brazil started in the end of quarter two, and it made people gradually go back to the streets in a safe manner. If we look at the statistics regarding hospitalizations and deaths, we have reached minimum levels. All these factors converged and resulted in a recovery of the advertising market and investments in our industry, as we can already see in our results. Our verticals showed consistent recovery this quarter with positive growth in all the fields where we operate. Highlight to the streets, area, which showed very impressive results. We closed the quarter with a revenue of BRL 129.7 million, a BRL 45.9 million increase quarter-over-quarter. These levels are practically similar to the pro forma revenues from 2019 for the same period, even if our audience is not yet at normal levels. It's still at a 30% lower level in comparison with the pre-pandemic period, which shows a clear recovery of our market. At the same time that we are here focused on delivering revenue, we continue to comply with our financial discipline principles and reducing our costs and expenses. As a result, our contract negotiations and our revenue performance allowed us to deliver a very important evolution, reaching an EBITDA margin of 24.2% in the quarter, showing the company's capacity to scale its business. It's important to highlight that this recovery in our market, and consequently this recovery in our revenue, has been taking place constantly, and it's getting better every month. This evolution was seen in quarter three, where we gradually saw performance improvements, reaching in September the level of 102% of the pro forma revenue from 2019. We are still very optimistic for quarter four this year, and we expect this consistent recovery and improvement in results to continue. It is also going to be a very strong quarter in the media market, particularly due to the end of the year holidays. In addition to the better short-term financial performance, we will maintain our discipline for our long-term thesis. We will keep the focus so that we can comply with our strategic guidelines. In October, we saw an important progress in the digital transformation pillar with the acquisition of two companies. Just to give you some color, NOOL is a campaign planning platform that crosses data from mobile devices and physical media points so that you can determine the addresses and the target public, providing advertisers with metrics. With this new layer of metrics, we also need a sales platform and a very specialized technology team. Still in October, in one more expansion movement focusing on our core business, we announced the acquisition of MOB, the company responsible for the concession contract for installation and maintenance of bus shelters in the city of Campinas. This acquisition will potentiate our presence in this marketplace in the city of Campinas, and it will strengthen the presence of our streets assets in the state of São Paulo. The arrival of MOB will bring to the company a contract with high margins and with a long-term profile, because the terms of the contract are until 2038. Finally, we are focusing on some of our verticals. Just to give you an idea, we signed 1,079 new contracts with more than 1,200 in total in 2021. Another record of this division was the growth in the number of screens. We had more than 1,800 screens contracted in this quarter. Now I would like to hand the conference over to Ricardo, and he's going to give you more details about our financial highlights. Thank you, Edu. Good afternoon. Thank you all for participating today in this conference call to announce the results of quarter three. Let's start with the highlights of quarter 3 2021. As you can see on slide number 8 of this presentation, all our indicators are reflecting the recovery of the market, recovery of the audiences, and investments in advertisement, and a continuous focus of the company in the digitization of its network. We finished the period with 58.7 thousand panels and 2.1 thousand in new properties. Total gross revenue was BRL 129.7 million, 178% up year-over-year, and 65% quarter-over-quarter. This growth was seen in all verticals and is a reflection of the continuous recovery that we're seeing in the flow of people in the streets. Adjusted EBITDA reached BRL 27.2 million, with a 24% EBITDA margin, which represents three times as much as what we saw in quarter three last year. We closed the quarter with a positive net income of BRL 12.1 million, a 10.8% margin, and a 440% increase year-over-year. On slide 9, we continue the structuring of the company for execution of our expansion plans, focusing on digital assets in the verticals with the best margins, which will position the company for the resumption of its activities. We installed 4,300 new panels versus quarter three 2020. We finished the period with 71% of our panels network digitized. In streets, we had an addition of 24% in new assets, particularly due to the bicycle sharing project that we had in Recife. Also in this period, we invested in digitization of our assets in the train stations of São Paulo with a long-term contract that started in 2020 and is still in maturation. The start of our advertisement concession contract for the airport, we completed the digitization of our advertisement assets in this location. We finished the quarter with 41,500 digital panels. On slide number 10, we saw an important growth in the gross revenue for all verticals this quarter, which is due to the normalization of the audience and recovery of the market post-COVID. With a total of BRL 129.7 million in revenue, we are at 93% of the pro forma result before the pandemic in 2019. This is considering that we are at 70% of the normal levels of business. When we compare with the 2020 results, we realized BRL 73 million in additional revenue. We are also 55% up compared with the last quarter-over-quarter. When we look at the accumulated, even with the event in the first half of this year, we closed the nine-month period 50% up compared with 2020. This is due to the efforts and the loyalty of our advertisers and customized products that we are providing to our clients and the strong focus on covering the highest performance verticals. In transportation, grew 44 million. Streets, we also had a 13.7 million increase. In buildings, we also had 11.3 billion growth. On the next slide number 11. With our revenue closer to normality added to cost control and expense control activities, particularly negotiation of discounts, we had an EBITDA result of BRL 27.2 million in the period with a 24% margin. This accounts for three times the amount realized in quarter two 2021, and nearly BRL 31 million growth year-over-year. We are reaching BRL 24.7 million year to date, against BRL 7.4 million in the first nine months of 2020. This has a direct effect on the results considering the leverage of the company. There was a gradual evolution, and the end of the year is the most important period due to the end of the year holidays and, increase in sales and retail and the greater circulation of people. We believe the end of the year will still have an important impact in this year's results. On slide number 12. We continue to invest in the growth of our network. We mentioned that we started our operations in the Congonhas Airport in São Paulo and the digitization project for the train stations and the residential building project, in addition to special projects in sustainability with a total of BRL 21 million in CapEx. This quarter, we will have the amortization of the first parcel of the debentures and the payment of interest for this half of the year, approximately BRL 22 million, with an impact on operational cash and reduction of the gross debt in BRL 66 million. We will end the period with a net debt of BRL 15.2 million and a cash of BRL 579 million. Finally, I'd like to say that we are starting to define the ESG strategy of the company with the support of a consulting firm that specializes in this field, focusing on sustainability, environment, social, and governance. This work has been going on for six months with involvement of most of our stakeholders to come up with a structured project that we will give you more details about in the next calls. Now I hand it back to Eduardo Alvarenga for his final remarks. Thank you, Ricardo. I would like to once again reinforce some important points. In this last quarter, we advanced very importantly in the building of our long-term thesis. With all our growth avenues under our strategic pillars, with the acquisition of two companies, NOA and Mobby, we are also focusing on organic expansions in residential assets and focusing on profitability. We could see an important evolution in our revenue pointing to levels closer to the pre-pandemic period, which is a clear demonstration that the market is recovering, and we will continue to see this recovery taking place constantly as we have been seeing quarter after quarter. Finally, as a result of this recovery in our market, we had a very relevant performance, and we saw evolution in all our verticals, which also resulted in an important recovery in our margin. We are very optimistic about the future ahead and this continuous recovery of our market and the huge potential Alltrum Media has to realize all these expectations and capture this growth. We will continue to strive to generate more and more results looking forward in the future. Now we will open for questions. Thank you very much. We are now opening for questions. We will take questions from investors and analysts. If you wish to ask a question, please press star one. If at any point your question is answered, please press star two to remove yourself from the queue. First question is from Banco BS. Good afternoon, Eduardo. Good afternoon, everyone. Thank you for your question. I have two questions. The first question is, as we heard from you, your revenue cycle varies according to the time of the year and the movement of the population, and you also depend on the budget of your advertisers, which changes every start of the year. How are you seeing this for the start of 2022? Are you expecting any changes in your expectations due to the budget of your advertisers? Finally, about your stocks of screens and equipment. I know you've been very aggressive with the installation of new screens, and you have record numbers both in residential and also in your general numbers. You've been very active in acquisition with Otima and Mobby, which allows you to install further assets in these marketplaces. What do your stocks look like? Were you already planning these acquisitions? Going to the issue of shortage of chips, is this affecting you in any way? Hello, Victor. Good afternoon. Thank you for your question and for your interest in our company. About the perceptions of the advertisement market, the perceptions are very good. It's important to share with you that this is a market that has seasonality, that is indexed to events, and we've seen a positive movement of the market during Carnival and some important dates for our business. Our business is interpreted by the market as a business with fewer benefits for awareness strategies. Going back to the audiences, we see the interest of the advertisement market at even higher proportions. For certain verticals, we even see a stronger comeback than just the audience itself. We're very optimistic about our future prospects. Can you repeat your second question, please, Victor? Just to make sure I understand it correctly. Sure, Eduardo. My second question is about your inventory of screens and devices. I know you've been very aggressive, both in your organic e-screen expansion, as you pointed out, in residential and as a whole, and also inorganic expansion with the opportunity to add new screens due to Otima and Mobby. In the previous quarter, you said you already had the supply for these new acquisitions, so you were considering these acquisitions. What about the shortage of chips in the global market? Is this affecting you in any way? Thank you for repeating your question. No, that's not a problem. We anticipated the problem. We already had this concern about the chips, so we did a provisioning of supply, the supplies that we would need. We won't be affected by that. We are very well prepared, and we have an appropriate stock. Thank you, Eduardo. Thank you, Victor. Since we have no further questions, I hand it back to Mr. Eduardo for his final remarks. On behalf of the Eletromidia team, I thank you all for participating, and we remain at your service should you have any questions or comments in the future. Have a great day. This conference call is now closed. Thank you all for participating, and have a great afternoon.
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