Ultra(US:UGP)2023-08-10 19:36Ultrapar 2Q23 Overall Performance - Recurring EBITDA decreased by 15% to R$ 933 million compared to R$ 1,103 million in 2Q22[6] - Net income decreased by 48% to R$ 239 million compared to R$ 460 million in 2Q22[6] - CAPEX decreased by 5% to R$ 385 million compared to R$ 407 million in 2Q22[6] - Cash flow from operations decreased to R$ 898 million from R$ 1,199 million in 2Q22[6] Debt and Leverage - Net debt decreased to R$ 8,007 million in 2Q23 from R$ 8,172 million in 2Q22[8] - Trade payables – reverse factoring (draft discount) decreased to R$ 1,468 million in 2Q23 from R$ 2,525 million in 2Q22[8] - Net debt (IFRS 16) / LTM EBITDA was 2.1x in Jun-23, compared to 2.2x in Jun-22[8] Ultragaz Performance - Ultragaz's volume increased by 4% to 442,000 tons in 2Q23 compared to 425,000 tons in 2Q22[9] - Ultragaz's EBITDA increased by 8% to R$ 156 million in 2Q23 compared to R$ 144 million in 2Q22[9] Ultracargo Performance - Ultracargo's net revenues increased by 24% in 2Q23[10] - Ultracargo's EBITDA increased by 19% in 2Q23[10] - Ultracargo's EBITDA margin was 63% in 2Q23, compared to 60% in 2Q22[10] Ipiranga Performance - Ipiranga's EBITDA decreased by 43% to R$ 479 million in 2Q23 compared to R$ 840 million in 2Q22[13] - Ipiranga's recurring EBITDA decreased by 41% to R$ 448 million in 2Q23 compared to R$ 754 million in 2Q22[13]