Despegar Results Presentation Deck
Key Takeaways: Delivered Strong Quarter with Adjusted EBITDA Expanding
Faster than Gross Bookings while Advancing M&A Strategy
Results reflect growing earnings power in improving travel market
Gross Bookings recovered to October 2021 levels in March and April, following Omicron's
January and February impact
Highest gross profit since start of pandemic, with the margin at 3019 level
O Exceptionally strong Revenue Margin of 14%
O
Cost of revenue decreases with lower installments costs
Adjusted EBITDA of $12.3 M, excluding Koin, recovering faster than Gross Bookings
Further expanding online travel operations in Brazil with agreements to acquire:
O Viajanet - Top 5 online agency with substantial cross-selling opportunities
O Stays - Leading channel manager in country's vacation rental segment
Koin merchant payment solutions gaining solid traction in Brazil
Solid cash position of $285.8 M
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