CSU Digital (CSUD3) Investor presentation summary

Business model and portfolio

• Independent Brazilian infratech offering B2B2C technology for financial services, with modular white-label platforms, APIs, operational support, and AI-enabled efficiency.

• Portfolio spans digital payments, embedded finance, loyalty and incentives, customer experience, and hyperautomation and AI, covering multiple stages of financial transactions.

• Scale includes 32 years of experience, 40+ large corporate customers, 35.6M+ registered cards and accounts, 1.1B+ LTM transactions, and R$385B+ LTM TPV.

• Technology architecture combines cloud and mainframe, APIs and microservices, and PCI-aligned security; R$172M+ invested in technology over the prior 3 years.

Growth strategy and operating performance

• Growth model targets new B2B customers, more active users and transactions per user, broader financial-service use, and operational efficiency.

• At 9M24, active users reached 21.7M and transactions 880M; transactions per user rose from ~8 to ~13 vs. 9M20.

• Versus 9M20, gross profit was ~2x and net income 2.1x; 9M24 activation rate was 61%, with 2020–24 CAGR of 24.0% p.a.

• Consolidated net revenue was R$339.3M in 9M24; CSU Pays represented 66% of revenue mix, up 2.0 p.p. YoY.

• At 9M24, digital experience managed 9.8M interactions, 72% digitalized; its new hyperautomation and AI cycle includes 3 clients in implementation.

Profitability and financial position

• 9M24 gross profit reached R$176.7M with a 41.9% margin; gross profit CAGR was 15.6% p.a. from 9M20.

• 9M24 net income was R$74.1M, with a 17.1% margin; net income CAGR was 20.4% p.a. from 9M20.

• Operational cash generation included an 84% EBITDA-to-cash conversion ratio in 9M24; net cash position and cash generation support investment and expansion.

• Dividends and interest on equity paid in 9M24 totaled R$20.1M; payout was 50% in each of the prior 3 years.