Odontoprev (ODPV3) investor relations material

Executive summary

• Net revenues reached BRL 2.4 billion, with a balanced portfolio across corporate, SME, and individual segments, and nearly 9 million beneficiaries.

• Record SME client growth: 170,000 new in 12 months, 54,000 in the quarter, with higher average ticket and lower DLR than corporate.

• Asset-light, pre-paid, recurring revenue model with zero debt since foundation and strong cash generation.

• High ESG standards, included in ISEB3 and IDIVB3 indexes, and signatory of the UN Global Compact.

• Professional management, high governance, and average payout ratio of 95%+ over the last decade.

Financial highlights

• Adjusted EBITDA for the last twelve months was BRL 761 million, up 27% in the quarter and 15% YoY, with margin expanding to 32.3%.

• Net income for the last twelve months was BRL 569 million, up 18% YoY, with EPS at BRL 1.043.

• Contribution margin in SME/individual plans reached 60%, compared to 45% in corporate.

• EBITDA margin increased from 29% to 34% YoY.

• Average ticket per member/month increased to BRL 22.41 in the last twelve months.

Outlook and guidance

• SME and Individual plans revenue CAGR of 12% since 2014, with high growth potential in non-corporate segments.

• Focus on expanding distribution channels and leveraging digital initiatives for future growth.

• Corporate segment anticipated to recover in the second half, with contracted wins expected to offset earlier losses.

• G&A efficiency expected to improve over 2025–2026 as digital investments yield results.

• Dividend and IOC payments for 2025 projected to reach BRL 635 million.