News

SMILES ANNOUNCES 1Q20 RESULTS

Barueri, April 28, 2020 - Smiles Fidelidade S.A. (B3: SMLS3), announces its results for 1Q20. To access the earnings release click here, and to access our Results Center, please click here.

Highlights

bullet_1T17Total gross billings reached R$629.2 million in 1Q20 versus R$626.6 million in 1Q19, a slight increase of 0.4%.

bullet_1T17Net Revenue totaled R$171.3 million in 1Q20 versus R$253.3 million in 4Q19, down by 32.4% in the quarter and by 28.8% compared to 1Q19.

bullet_1T17The Direct Redemption Margin reached 26.7% in 1Q20 versus 35.6% in 4Q19, a reduction of 8.9 p.p. If we compare to the same quarter of 2019, the margin had a contraction of 14.8 p.p.

bullet_1T17Net Income totaled R$56.3 million in 1Q20 compared to R$179.5 million in 4Q19 and R$141.9 million in the same period of 2019. Excluding non-recurring effects in 1Q20 and 4Q19, Net Income fell by 50.3% in the quarter and by 50% versus the same period of the previous year.

Conference Call

Call in Portuguese with simultaneous translation into English
April 29, 2020
10:00 a.m. (New York Time)
11:00 a.m.(Brasilia Time)

Conection Numbers
US: +1 (412) 717-9627

Brazil: +55 (11) 3181-8565 or +55 (11) 4210-1803

Webcast: click here.

Contacts:

André Fehlauer
Chief Executive Officer, Chief Financial and Investor Relations Officer

Maria Laura Pessoa
Investor Relations Manager

Phone: +55 (11) 4841-1820
ri@smiles.com.br
www.smiles.com.br/ir

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