In this quarter, we will highlight the business combination related effects (one-offs), as it follows:
Description
EBIT Impact
Net Income Impact
Fleet write-up amortization
(136.7)
(90.2)
Revision effect of the customer relationship write-up
11.0
7.3
Total
(125.7)
(82.9)
We highlight the assets recognized in the context of the merger that will impact the result through their amortization:
Fleet write-up (accounting for the differential between the fair value net cost of sales and the book value of the acquired fleet): amortization similar to the criteria used for fleet vehicles depreciation or in the case of car write-off
Customer relationship write-up (accounting for the fair value of customer relationship)
2
OPERATIONAL HIGHLIGHTS
Consolidated Net Revenue
Consolidated EBITDA
R$ million
R$ million
52.2%
6.825,8
5.885,5
16.0%
6.825,8
4.483,6
90.9%
3.405,8
2.683,0
26.9%
3.405,8
1.784,5
2.699,1
26.7%
3.420,0
3.202,5
6.8%
3.420,0
39.9%2.623,0
1.874,5
26,2
1.848,3
2.164,5
21.2%
2.623,0
109,1
2.055,4
1Q22 proforma
1Q23
4Q22
1Q23
1Q22 proforma
1Q23
4Q22
1Q23
Rentals
Seminovos
EBITDA
Adjusted for the extraordinary effects
ROIC Versus Cost of Debt After Taxes
of the business combination
R$ million
17,0%
15,8%
15,6%
10,2%
13.3p.p.
6.7p.p.
5.8p.p.
7.4p.p.
ROIC (considering adjusted EBIT)
9,1%
9,8%
Cost of debt after taxes
3,7%
2,8%
2020
2021
2022
1T23 Annualized
CAR RENTAL
Net Revenue
R$ million including royalties
1.779,0
10.2%
1.961,1
1.861,4
5.4%
1.961,1
1Q22 proforma
1Q23
4Q22
1Q23
Rental days
R$ million
18.701,9
18.510,8
17.855,4
18.510,8
-1.0%
3.7%
1Q22 proforma
1Q23
4Q22
1Q23
NET REVENUE GROWTH IN THE ANNUAL AND SEQUENTIAL COMPARISON, REFLECTING THE EFFICIENT MANAGEMENT OF MIX
AND PRICES
4
CAR RENTAL
Utilization Rate
%
-0.1p.p.
0.1p.p.
78,1%
78,0%
77,9%
78,0%
Rental Rate
R$
11.6%
0.5%
116,3
115,7
116,3
104,2
1Q22 proforma
1Q23
4Q22
1Q23
Rental Rete- R$
Utilization
THE UTILIZATION RATE REMAINED PRACTICALLY STABLE EVEN WITH THE INCREASE IN THE AVERAGE RENTAL RATE
5
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Disclaimer
Localiza Rent a Car SA published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 13:32:03 UTC.
Localiza Rent a Car S.A. specializes in renting vehicles. Net sales break down by activity as follows:
- car renting (80.8%);
- automotive fleet long-term renting (19.2%): to companies.
At the end of 2021, the group operated a fleet of 289,796 vehicles, including 289,739 company-owned.
Brazil accounts for 99.5% of net sales.
LOCALIZA RENT A CAR S.A. 
