The following is a summary of the Sendas Distribuidora S.A. (ASAI) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Sendas Distribuidora S.A. reported Q1 revenue of R$18.8 billion, representing a 14% growth from the previous year.

• There was a 38% increase in EBITDA margin driven by strategic projects and improved store operations.

• The company's net income grew significantly, demonstrating cash generation ability and lower leverage levels.

• Gross profit for the first quarter reached R$2.8 billion, a result of increased gross margin.

• Despite high investments, the company saw a decrease in leverage from 4.69x EBITDA to 3.65x EBITDA.

Business Progress:

• Sendas Distribuidora broadened its business model to improve customer experiences and increase product varieties.

• The company sees a significant potential in B2B customers and plans to expand service offerings for this segment.

• The company expects to surpass over 300 active stores by the end of the year and approximately 35 new stores over the next two years.

• Sendas is transitioning to a fully-fledged corporation, focusing on fulfilling customer needs and playing a social role in the community to address social inequality in Brazil.

• The company's commitment to sustainable operations led to a 9.5% reduction in Scope 1 emissions and recycling of over 40% of operational waste.

More details: Sendas Distributor IR

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