In This Article:
-
Gross Revenue: BRL2.5 billion.
-
Net Revenue: BRL2.1 billion, 16.5% higher than the same period last year.
-
Adjusted EBITDA: BRL398 million, with a margin of 19.2%.
-
Reported EBITDA: BRL544 million, 11% higher than the second-quarter 2023.
-
Reported Profit: BRL107 million.
-
Return on Invested Capital: 15.4%.
-
Organic Growth: 13% without the effect of FSJ and IC systems.
-
FSJ Growth: 40% year on year.
-
Debt Cost Reduction: Average cost of debt reduced by 2.5 percentage points compared to the second-quarter 2023.
-
New Contracts Signed: BRL1.3 billion in the second-quarter 2024.
-
CapEx: BRL224 million gross, BRL151 million net.
-
Cash Position: BRL2.4 billion.
-
Leverage: 3.04 times, or 3.3 times excluding the effects of advanced systems.
Release Date: August 08, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive 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.
Negative Points
-
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.
Q & A Highlights
Q: Can you provide more details on the deployment of new contracts and expectations for the second half of the year? A: Ramon Peres Martinez Garcia de Alcaraz, CEO, explained that deployments follow a typical flow involving upfront costs for equipment and personnel. The second quarter saw a higher concentration of large projects, impacting results. However, these deployments are expected to contribute positively in the coming quarters. Most CapEx has been invested, with some remaining for the second half, focusing on leveraging existing investments and deleveraging the company.