{
  "docId": "019de516-591e-709b-b102-0ec352ed5be8",
  "docSlug": "0a30e23ca615285cf27e99d65e4a8f72",
  "documentTitle": "Despegar | Investor Presentation Deck | 2 slides",
  "authorId": "despegar",
  "authorName": "Despegar",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 2,
  "pageCount": 2,
  "prevPage": 1,
  "nextPage": null,
  "slideType": "other",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de516-591e-709b-b102-0ec352ed5be8/2",
  "deckHref": "/decks/019de516-591e-709b-b102-0ec352ed5be8",
  "deckJsonHref": "/decks/019de516-591e-709b-b102-0ec352ed5be8.json",
  "deckAnchorHref": "/decks/019de516-591e-709b-b102-0ec352ed5be8#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.16,
        "w": 0.38,
        "x": 0.15,
        "y": 0.389
      },
      "kind": "list",
      "text": "During 2H23 approximately 14.1% of total Gross Bookings were generated in Argentina of which 45% were attributable to domestic Gross Bookings and were thus exposed to FX devaluation\nApproximately 9.9% of the Company's operating costs were exposed to the depreciation of the Argentine Peso",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5289f9bb-4f4e-47f0-820e-8135ff1009f3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.16,
        "w": 0.4,
        "x": 0.56,
        "y": 0.67
      },
      "kind": "list",
      "text": "The company hedges its current balance sheet exposure through WK management and Cash Investments in ARG which can yield interest income consistent with local inflation\nThe Company does not hedge its non current balance sheet exposure as exchange rate fluctuation do not impact the Company's cash balance",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "98494d84-a1d3-42c9-adf4-30551473e638",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.4,
        "x": 0.56,
        "y": 0.389
      },
      "kind": "list",
      "text": "As peso-denominated amounts of revenues and costs are of similar magnitudes, effects of the official exchange rate devaluation on EBITDA have been, for the most part, naturally hedged",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aef7d58c-ac4c-44e0-8211-f52718aa3420",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.38,
        "x": 0.139,
        "y": 0.176
      },
      "kind": "list",
      "text": "Two FX rates exists, the official FX, government set, & the black market rate (spread on 08/16 > 100%)\nRevenues and Costs are expressed using the official exchange rate",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6c005ea-d7e9-43d5-aced-c19d7d869b46",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.42,
        "x": 0.54,
        "y": 0.176
      },
      "kind": "list",
      "text": "Despegar's costs in Argentina are affected by the mismatch between inflation and the devaluation of the official exchange rate\nIf inflation > devaluation of the official FX rate Despegar ARS denominated cost increase in line with inflation",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da03c6c7-df28-4f0f-a3e0-ef86943f889a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.38,
        "x": 0.15,
        "y": 0.89
      },
      "kind": "list",
      "text": "The net exposure of 17.2 U$M is affected by the devaluation of the official Argentine Peso. This is mainly a non cash effect",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f05ad531-dbeb-4338-83b9-c3e5ca0a1dc0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.38,
        "x": 0.15,
        "y": 0.67
      },
      "kind": "table",
      "text": "Average Balance sheet exposure to the Argentine Peso 2Q23 end (U$M)\nNet Balance Sheet Exposure (0.7) 17.9",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d22e2495-5807-4d6f-b0ac-5f475f948d97",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 2,
      "from": 2,
      "beatId": "9a703575-535f-415f-96c9-52de6a4c825c",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Potential Impact",
      "beatSlug": "sparkline-what-could-be-2",
      "evidence": "Second page likely outlines effects",
      "position": 1,
      "confidence": 0.6,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 2,
      "from": 1,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "4c754227-7207-454b-b884-015a7bd48bb8",
      "evidence": "Implication of financial impact suggests a loop on cost of inaction",
      "position": 0,
      "objective": "What are the financial implications of not acting or adjusting to the peso devaluation?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.5,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}