Vasundhara Govil's questions to Evertec Inc (EVTC) leadership • Q2 2025
Question
Vasundhara Govil of Keefe, Bruyette & Woods (KBW) inquired about the progress of strategic initiatives for the Cynquia asset in Brazil and the underlying macroeconomic and tariff-related assumptions baked into the second-half outlook.
Answer
President & CEO Mac Schuessler detailed that the Latin America segment's strength was broad-based, with Cynquia outperforming expectations due to multi-year initiatives in tech modernization, repricing, and margin optimization. EVP & CFO Joaquin Castrillo-Salgado added that while the first half was strong, the second half outlook accounts for lapping prior pricing initiatives and the impact of the Popular discount in Q4, with some conservatism built in for potential tariff uncertainty.