Analysts’ coverage of the 2024 earnings announcement

2024 has been a key year for LLYC, a turning point in which we have taken firm steps to transform the company and prepare the ground for solid growth in the coming years. It has not been a transitional year. They have been intense months, of strategic decisions and a lot of work that is now beginning to bear fruit.

The reports published in recent weeks by Alantra, Lighthouse and Renta 4 following the advance results we have presented have been clear. These financial advisory firms specializing in analyzing company performance support the path we have taken.

Alantra:

• According to Alantra, we have demonstrated our ability to overcome challenges and stay on the path to growth.
• The first half of 2024 was demanding due to extraordinary factors, due to the internal transformation process we set in motion. However, it highlights that thanks to the effort made, we achieved a solid recovery in the second half of the year, which reinforces our position for the future.

Lighthouse:

• It emphasizes that the recovery in the second half of 2024 reinforces the resilience of our business model and its capacity for sustained growth, with a positive projection towards 2025.
• It underlines the wisdom of recent acquisitions (Lambert in the United States, Dattis in Colombia and Zeus in Spain), which have further strengthened our project.
• The combination of organic and non-organic growth continues to drive the business and enable high revenue growth. It maintains that our geographical and service diversification remains key to mitigating risk in a typically cyclical sector.
• LLYC’s resilient model shows signs of strength.

Renta 4:

• Concludes that the results are in line with the company’s expectations in terms of both revenue and EBITDA.
• It highlights process automation, innovation and the integration of solutions between its Marketing and Corporate Affairs areas as key points to reinforce LLYC’s strategy and carry out the roadmap this year.
• We continue to be committed to a matrix model in which Corporate Affairs maintains a fundamental role, while Marketing Solutions gains traction, all with a strong innovative and creative component.

In short, the reports from Alantra, Lighthouse and Renta 4 agree on the following:

• The evolution of the business in the second half of 2024 has left LLYC in an unbeatable position to face 2025 even stronger.
• With sustained growth in revenue and EBITDA, LLYC has demonstrated its ability to overcome difficulties and continue to advance with a clear strategy.
• LLYC has consolidated its position as a relevant player in the United States, the sector’s most important market, while continuing to strengthen its leadership in Latin America and Spain.

The outlook is very positive and reinforces LLYC as an attractive investment opportunity. We are moving in the right direction, with a future full of opportunities.