Locaweb Serviços de Internet S A : 2Q21 Earnings Presentation
August 13, 2021 at 11:32 am EDT
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Results Presentation
2Q21
Highlights
Consolidated Net Revenue growth of 57.1% in 2Q21
Net Revenue for the 1st half 2021 is already approximately the same revenue as that for the whole year of
2019
Growth of 159.3% in the revenue of the Commerce segment, even on a stronger comparative basis
Subscription Revenue: +204.7% vs 2Q20
Ecosystem Revenue: +134.0% vs 2Q20
Commerce Net Revenue for the 1st half 2021 is already higher than the revenue for the whole year of 2020
Commerce segment EBITDA has been growing strongly and already accounts for 56% of consolidated EBITDA
Even with the reopening of the economy, we maintained a strong pace of new stores additions:
Expansion of customer acquisition channels Increased investment in Marketing
Strengthening of commercial teams Processes improvement
Increase of 32.7% in the client's base between Dec/20 and Jun/21
Growth of 40.7% in the addition of new stores vs 4Q20
2
Highlights
Strong TPV growth in payment transactions (+88.6% vs 2Q20)
With the acquisition of Bling, our Commerce segment has reached approximately 100,000 active paying subscriptions
All the acquired companies presented excellent performance in 2Q21 and an acceleration in relation to their performance prior to the acquisition
Significant advances on the agenda of Acquisitions: Bagy and Octadesk
Excellent performance also in BeOnline/SaaS:
Increased sales volumes 2Q21 vs 2Q20
Increased SaaS share in the segment
Gains in productivity across the entire operation:
Churn reduction
Excellence in customer service
3
Accelerated growth in the Commerce segment
Commerce Net Revenue
R$ M
84.8
49.2
32.7
19.3
21.0
35.6
10.0
9.3
11.7
2Q19
2Q20
2Q21
Subscription Revenue
Ecossystem Revenue
Strong growth is the result of the substantial increase in the two revenue sources of the Commerce segment:
Platform Subscription Revenue (+204.7%) and Ecosystem Revenue (+134.0%)
4
Robust evolution of Commerce sales and customer base
We continue to increase our marketing efforts, with sustainable growth in the volume of new store additions
Addition of new stores
2Q21 vs 4Q20: +40.7%
E-commerce Platform
Strong subscriber base expansion
3.2x
2.4x
1.2x
1.0x
jan/19
dec/19
dec/20
jun/21
5
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Locaweb Serviços de Internet SA published this content on 13 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 15:31:08 UTC.
Locaweb Servicos de Internet SA is a Brazil-based provider of Business-to-Business (B2B) technology solutions. The Companyâs activities are divided into two operating segments: Be Online/SaaS and Commerce. Be Online/SaaS division offers services of hosting, hosting reseller, domain registration, cloud computing and dedicated servers, as well as solutions related to email accounts, email marketing campaigns and Internet Protocol (IP) communication, through brands Locaweb, Locaweb Corp, All iN, KingHost, Cluster2Go and Delivery Direto. Commerce division is engaged in facilitating online retail operations, providing e-commerce platforms and payment solutions, through brands Tray, Tray Corp and Yapay. The Company owns several subsidiaries, such as ITCapital Servicos Tecnologia Ltda, Ananke Participacoes SA and LwK Hosting Participacoes Ltda.