2. 2
Disclaimer
● This notice may contain estimates for future events. These estimates merely reflect the expectations
of the Company’s management, and involve risks and uncertainties. The Company is not responsible
for investment operations or decisions taken based on information contained in this communication.
These estimates are subject to changes without prior notice.
● This material has been prepared by Multiplus S.A. (“Multiplus“ or the “Company”) includes certain
forward-looking statements that are based principally on Multiplus’ current expectations and on
projections of future events and financial trends that currently affect or might affect Multiplus’
business, and are not guarantees of future performance. They are based on management’s
expectations that involve a number of business risks and uncertainties, any of each could cause
actual financial condition and results of operations to differ materially from those set out in Multiplus’
forward-looking statements. Multiplus undertakes no obligation to publicly update or revise any
forward looking statements.
● This material is published solely for informational purposes and is not to be construed as a
solicitation or an offer to buy or sell any securities or related financial instruments. Likewise it does
not give and should not be treated as giving investment advice. It has no regard to the specific
investment objectives, financial situation or particular needs of any recipient. No representation or
warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability
of the information contained herein. It should not be regarded by recipients as a substitute for the
exercise of their own judgment.
3. 3
3Q10 Highlights
OPERATING HIGHLIGHTS 3Q10 vs 2Q10
• 7.6 mln members, an increase of 6.0% (20.8% versus 3Q09)
• 14.4 bln points issued, a growth of 17.9%
• 4.6 bln points redeemed, an increase of 44.2%
• Breakage ratio (24 months average) of 26.9%, compared to 28.7%
FINANCIAL HIGHLIGHTS 3Q10 vs 2Q10
• Gross Billings of points of R$ 300.0 mln, an increase of 13.6%
• Net Revenue of R$ 130.0 mln, representing a growth of 39.1%
• Adjusted EBITDA of R$ 101.2 mln, a growth of 12.2% (33.7% margin)
• Net Income of R$ 44.5 mln, an increase of 92.4% (34.2% margin)
