Q2 2024 Marcopolo SA Earnings Call (English, Portuguese) Transcript
Key Points
- Marcopolo SA (BSP:POMO3) reported a 43% growth in net revenue quarter on quarter, driven by a significant volume of microbuses.
- The company achieved an EBITDA of BRL382 million with a gross margin of 26.1%, indicating strong operational leverage.
- International operations contributed significantly to profitability, with a 25% increase in revenue from these operations.
- The company is making strategic investments in electric buses and chassis, preparing for future demand in urban electric vehicle renewal.
- Marcopolo SA (BSP:POMO3) is celebrating its 75th anniversary with new product launches, showcasing its commitment to innovation and market leadership.
- The Brazilian bus production levels remain below historical averages, indicating a challenging domestic market environment.
- Exports in the second quarter were below last year's levels, with no major projects contributing to international sales.
- The company faces challenges in maintaining fleet renewal rates, with current production not meeting historical averages necessary for fleet age maintenance.
- There is a delay in the bus-to-school program, affecting the expected volume distribution and impacting planning.
- The volatility in exchange rates poses challenges in negotiating commodity prices, potentially affecting cost structures.
Good morning. It's good to be back. It's been some years that I hadn't had the APIMEC meeting as the Chairman. So we were just now talking [Fabiana] and myself with Valiati, 23 in-person meetings in addition to all the other ways that the company uses to talk to the market. And Fabiana has been in demand, younger she is, and I certainly did take part in some.
But it's very good to be here with the company, with you and to know that in-person, things make sense because we are able to feel the company and the heat of information, the vibration of the team, and all the possibility of us absorbing more and more information about the company.
So I'm very pleased. I thank you all for your attendance. It is always so important. We also are streaming the meeting on web, so thank as well to our online attendance.
So once again, I'd like to highlight that Marcopolo is part of Level 2 of corporate governance. This is also very important, remembering that Level 2 quite often is not too far from the Novo Mercado. We may say the only
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