Betterware de México, S.A.B. de C.V. (NASDAQ:BWMX) Q2 2022 Earnings Conference Call July 29, 2022 9:00 AM ET

Company Participants

Luis Campos – Executive Chairman

Andres Campos – Chief Executive Officer

Carlos Doormann – Corporate Chief Financial Officer

Conference Call Participants

Cristina Fernandez – Telsey

Operator

Thank you and welcome to Betterware’s Second Quarter Fiscal Year 2022 Earnings Conference Call. With me on the call today are Betterware’s Executive Chairman, Luis Campos; Chief Executive Officer, Andres Campos; and Corporate Chief Financial Officer, Carlos Doormann.

Before we get started, I would like to remind you that this call will include forward-looking statements, which are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Any such statement should be considered in conjunction with the cautionary statements and the Safe Harbor statement in the earnings release, and risk factors discussed in a reports filed with the SEC. Betterware assumes no obligation to update any of these forward-looking statements or information.

A reconciliation and other information regarding non-GAAP financial measures discussed on the call can be found in the earnings release issued yesterday, as well as the investor section of the company’s website.

Now, I’d like to turn the call over to the company’s Executive Chairman, Luis Campos.

Luis Campos

Thank you, Operator. Good morning everyone, and thank you for joining us today. I would like to begin my remarks by providing its summary of what we have been doing in JAFRA since the acquisition was completed on April 7, 2022, and the ambitious plans that we have for the company to accelerate growth at increasing rates of profitability.

Then Andres will discuss some of the advances we have made in our business strategies for Betterware, to position the business for growth, which are based on our three strategic pillars of product innovation, technology and business intelligence.

And finally, Carlos will discuss our quarterly and year-to-date financial results, which include JAFRA financial results from April 7, 2022 through quarter end, our expectations for the rest of the year for both Betterware and JAFRA and our dividend policy going forward.

As announced on April 7, we successfully completed the acquisition of 100% of JAFRA’s operations in Mexico and the U.S. along with JAFRA’s trademark rights worldwide. This acquisition provides a unique opportunity for us to become a multi-channel company with unique and complimentary product segments.

Enter an attractive beauty and personal care market with estimated annual revenues in Mexico and the U.S. of approximately $100 billion, as well as leverage JAFRA is strong and well positioned international brand with access to millions of households through its more than 430,000 average consultants and leaders as of Q2 2022.