GOL announces information about the Corporate Reorganization
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SAO PAULO, Feb. 12, 2021 /PRNewswire/
GOL Linhas Aéreas Inteligentes S.A. ( GOL ) (NYSE: GOL and B3: GOLL4), Brazil s #1 domestic airline, pursuant to paragraph 4 of Article 157 of Law No. 6,404, dated December 15, 1976, as amended
( Brazilian Corporate Law ), CVM Instruction No. 358/2002
( ICVM 358 ) and CVM Instruction No. 565/2014
( ICVM 565 ), hereby inform that, on the date hereof, a shareholders meeting has been called to pass a resolution on the corporate reorganization (disclosed in GOL s material facts dated December 7, 2020 and January 18, 2021), as detailed below
( Reorganization ).
1.1.
(a)
Identification. GOL Linhas Aéreas Inteligentes S.A., a publicly-held company headquartered in the city of São Paulo, state of São Paulo, at Praça Comandante Lineu Gomes, S/N, Portaria 3, Jardim Aeroporto, 04626-020, enrolled with the Corporate Taxpayers Regis
Date
11/02/2021
Revenues of €748 million (+2% YoY), at an accelerating pace in the fourth quarter of 2020, despite the second nationwide lockdown. About 50% related to the installed base, fee-based services and development activities, not impacted by the contraction in volumes
EBITDA of €285 million (+3% YoY) and with a 38% EBITDA margin. Result obtained entirely on an organic basis and without contributions from M&A activities
Net debt at €688 million (2.4x EBITDA), significantly lower than in 2019 (2.9x EBITDA)
In the fourth quarter of 2020, revenues reached €222 million (+7% q/q) with EBITDA at €89 million (+13% q/q)
Confirmation of the resilience of the business model and the ability to start up and complete new partnerships with banks and large corporates
SIA's Board of Directors, meeting under the chairmanship of Federico Lovadina, approved the preliminary consolidated financial results at 31 December 2020, confirming the positive trend of 2019 and growing in the fourth quarter of 2020, despite the economic contraction caused by the Covid-19 pandemic.
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