Marisa Lojas S A : 2Q23 Conference Call Presentation
August 10, 2023 at 01:19 pm EDT
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Successful and Accelerated Execution of the Restructuring Plan
Completion of the Operational Efficiency Plan
Adjustment of the store network, with the closure of 88 stores
Reduction of R$ 35 million in personnel and general expenses, and negotiation with partners
Retail
Proforma EBITDA of R$ 53million in 2Q23 and R$ 46million in 1H23
Enhancement of the Digital channel's profitability
Mbank
Reduction of Net Losses and Expenses
Corporate and Organizational Reorganization
Classificação Pública
Conclusion of Operational Efficiency Plan (store network resizing) and SG&A Optimization.
Consolidated Net Debt reduction by R$ 81MM and improvements in the average debt term.
2Q23 "Pro Forma" EBITDA of R$24 mm consolidated and R$53 mm in retail.
Improvement in profitability of Digital Channel.
Working capital improvement, after inventory optimization and turnover (+19.6% YoY) boosting cash generation - in line with a strategy of a greater capital discipline.
R$ 139MM increase consolidated cash position during 2Q23, and R$ 98MM, in 1H23.
MBank: stability (y/y) in contribution margin for our core product - Private
Label card - and significant reduction -34% in PL net losses.
Classificação Pública
NET REVENUE
-25.0%
GROSS PROFIT
-30.4%
740.1
555.1
319.4
222.2
2Q222Q23
OPERATIONAL EXPENSES
-229,7 MM
-21,3%
-0.6%
-291.7-290.0
2Q222Q23
2Q222Q23
TOTAL EBITDA
+23,5 MM
+116%
10.9
n.m
-36.7
2Q222Q23
*Pro-Forma: Results assuming that the operational optimization plan was implemented since January 2023
Classificação Pública
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Marisa Lojas SA published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 17:18:09 UTC.
Marisa Lojas SA is a Brazil-based company primarily engaged in the operation of department store chain. Its department stores are specialized in women's clothing. The Companyâs stores also offer men and children apparel, bed and bath products, and table linens, among others. The Company is also active in the import and sale of products through the Internet. Additionally, though its subsidiaries, it is involved in the credit card operations, finance, logistics and in the provision of personal loans to the Companyâs customers. The Company operates through a numerous of subsidiaries, including Club Administradora de Cartoes de Credito Ltda, Studio Comercio Varejista do Vestuario Ltda, Due Mille Participacoes Ltda, MAX Participacoes Ltda, Siara Comercio Atacadista de Artigos do Vestuario Ltda and Albatroz Comercio Atacadista de Artigos do Vestuario Ltda, among others. On February 22, 2014, the Company closed three Marisa Lingerie stores of a total area of 522.6 square meters.
MARISA LOJAS S.A. 
