BRADESCO DENTAL, THE BEST SELLING BRAND ACROSS THE BOARD, ADDING 21 THOUSAND LIVES IN THE QUARTER AND 354 THOUSAND IN 12 MONTHS.

São Paulo, May 10th, 2023

Odontoprev (B3: ODPV3), listed in São Paulo since 2006 and the market leader on dental benefits in Latin America, is pleased to present its 1Q23 results.

Growth

  • Revenue growth of 4% in 2021, 6% in 2022 and 11% in 1Q23, reaching a record R$524 million;
  • Average ticket up 4% in the Corporate segment, 7% in SME and 11% in Individual plans;

Efficiency and value creation

  • Dental care ratio of 34% in 1Q23, lower than 35% in 1Q22, best level ever for a first quarter;
  • SG&A ratio of 23%, versus 26% in 1Q22;
  • EBITDA jumps 22%, with margin expansion to 39%, registering a record R$202 million;

Results and Shareholder remuneration

  • Net income grows 5% to R$170 million, +79% over 4Q22, all time best for a first quarter;
  • Net cash of R$913 million, without any leverage.

Please join our videoconference tomorrow, Thursday, May 11th, at 09:00 a.m. Eastern time (02:00 p.m. London and 10:00 a.m. Brazil), with simultaneous translation to English.

Click hereto access the video conference.

Click here to access the 1Q23 Earnings Release.

With best regards,

José Roberto Pacheco

CFO & IRO ri@odontoprev.com.br

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OdontoPrev SA published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 21:07:56 UTC.