Q2 2024 Intelbras SA Industria de Telecomunicacao Eletronica Brasileira Earnings Call (English, Portuguese) Transcript
Key Points
- Intelbras SA (BSP:INTB3) reported a 2.1% increase in revenue year-on-year, reaching BRL 1.185 billion.
- EBITDA grew by 15% year-on-year, nearing the BRL 160 million mark.
- The company achieved a return on invested capital (ROIC) of 22.7%, aligning with management expectations.
- The security segment, which accounts for 56% of revenue, saw substantial growth due to improved product supply.
- The information communication technology (ICT) segment experienced a 16% year-on-year and 21% quarter-on-quarter revenue increase, driven by a new portfolio.
- Net income was impacted by foreign exchange rates, remaining stable compared to the previous year.
- The gross margin experienced a slight decrease due to supply challenges in Manaus and higher exchange rates.
- Operating cash flow was lower than usual due to inventory restructuring and anticipated supply chain issues.
- Expansion capital expenditures (CapEx) are expected to decrease, indicating a potential slowdown in future growth investments.
- The company faces competitive pressure from new market entrants, particularly in the security segment.
Good morning, everyone, and welcome to our video conference to discuss the results of the second quarter of 2024. My name is Bruno Teixeira, I'm Chief Investor Relations Officer, and it's a pleasure to be with you today.
We have our CEO, Altair Silvesthri; our CFO, Rafael Boeing; and our heads. The Head of Security Paulo Daniel Correa; the Head of Communication; Henrique Fernandez; and the Head of Energy, Marcio Ferreira. And to start our conversation, would like to inform you that this video conference is being recorded, and it will be made available at the company's IR website alongside the slide deck, which is already available.
So you can already download the slide deck right now and at the end of the presentation, you'll be able to see the video. (Event Instructions) The information contained in this presentation and any statements that may be made during the conference call about the business perspectives, projections and forecasts as well as the operating and financial targets for Intelbras are based on the beliefs
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