Q2 2024 JSL SA Earnings Call (English, Portuguese) Transcript
Key Points
- JSL SA (BSP:JSLG3) reported a 16.5% increase in net revenue compared to the same period last year, reaching BRL2.1 billion.
- The company achieved an adjusted EBITDA of BRL398 million, with a margin of 19.2%, indicating strong operational performance.
- JSL SA's recent acquisition, FSJ, continues to grow at an accelerated pace of 40% year-on-year, benefiting from the JSL ecosystem.
- The company has been recognized and awarded by major clients, including General Motors, for its excellence in logistics operations.
- JSL SA has a strong cash position and has successfully reduced its average cost of debt by 2.5 percentage points compared to the previous year.
- The second quarter was impacted by a concentration of large project deployments, which pressured the quarter's results.
- IC, one of JSL's acquisitions, faced challenges with contract adjustments and margin improvements, leading to a 30% reduction in revenues.
- The company experienced lower volumes with OEMs and international segments, affecting revenues in April and May.
- JSL SA's leverage reached 3.04 times, which is considered the peak for 2024, indicating a need for further deleveraging.
- The company faced upfront costs related to new contract deployments, impacting short-term profitability.
Good morning, ladies and gentlemen. Welcome to JSL's videoconference to discuss the results regarding the second-quarter 2024. This videoconference is being recorded, and the replay can be reached on the company's website, ri.jsl.com.br. The presentation will also be available for download.
(Operator instructions) Before moving on, I would like to emphasize that the forward-looking statements are based on the beliefs and assumptions of JSL's management and the current information available to the company. These statements may involve risks and uncertainties since they relate to future effects, and therefore depend on circumstances that may or may not occur.
Investors, analysts and journalists should bear in mind that events related to the macroeconomic environment, the segment and other factors could cause results to be materially different from those in the forward-looking statements. Today, in this videoconference we have Mr. Ramon Alcaraz, JSL's CEO; and Guilherme Sampaio, the company's Chief Financial and Investor Relations Officer.
Now I'll going to turn the call to Mr.
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