Atento Pitch Deck (2018): 34-Slide Breakdown

See all 34 slides of the Atento pitch deck — a 2018 Public deck — with a slide-by-slide teardown of what the deck does well and where it falls short.

Atento's 2018 investor presentation serves as a roadmap for a large-scale corporate pivot. Originally a cost center for Telefonica (TEF), the company transitioned into a public entity and the top CRM BPO provider in Latin America. By 2017, Atento had diversified its revenue, with 62% coming from non-TEF clients, up from just 10% in 1999. The deck emphasizes growth through higher value-added solutions, such as end-to-end collections and credit management, and the integration of AI via partnerships like Keepcon. Financial results from 3Q 2017 show a 9.0% revenue increase and a reduction in leve…

Key takeaways

Executive Summary: The Evolution of a BPO Giant

The Atento 2018 Investor Presentation is a comprehensive look at a company in the midst of a successful multi-year pivot. Originally established as a captive call center for the telecommunications giant Telefonica, Atento has spent the last two decades reinventing itself as a diversified, independent, and publicly-traded CRM BPO (Customer Relationship Management Business Process Outsourcing) leader. The deck focuses on three core pillars: consolidating leadership in voice services, expanding into high-value solutions, and accelerating growth through digital and AI integration.

Slide 1: Title Slide

The cover slide features the Atento logo and the title "Investor Presentation 2018." The background imagery uses a collage of lifestyle and technology photos—people using tablets, smartphones, and interacting in social settings—intended to frame Atento as a modern, consumer-centric technology partner rather than a traditional back-office service provider.

Slide 5: The Transformation Journey

This is one of the most critical slides in the deck, titled "We Have Evolved From A Call Center of Telefonica to LatAm’s #1 CRM BPO Solutions Provider." It provides a side-by-side comparison of the company in 1999 versus 2017. In 1999, Atento was a Telefonica (TEF) cost center with a pure-play call center model, limited geographic scope, and ~90% of its revenue coming from TEF. By 2017, it had become a public company and the #1 player in Latin America. The revenue mix shifted dramatically: non-TEF clients now account for 62% of the $1.9 billion in revenue. The operational platform also scaled from under 20,000 workstations to over 91,000.

Slide 12: Investment Thesis & Value Creation Story

This is a section divider slide that sets the stage for the company's strategic roadmap. It signals a shift from historical performance to future-looking growth strategies.

Slide 13: Market Opportunity and Whitespace

Titled "Significant Whitespace Remaining in Our Core Services," this slide uses data to justify the growth potential. It shows strong historical Compound Annual Growth Rates (CAGR) from 2013 to 2016 across three verticals: Non-TEF Telco (+39%), Financial Services (+5%), and Multi-Sector (+14%). Despite being a market leader, the slide highlights that Atento only holds a small fraction of the total addressable market (TAM): 3% of the $3.1 billion Telco market, 26% of the $2.5 billion Financial Services market, and 10% of the $2.5 billion Multi-Sector market. This visualizes the "whitespace" available for further expansion.

Slide 17: Moving Up the Value Chain

This slide details the transition "From Core Services... To End-To-End Solutions." Core services are defined by fixed revenue models and the use of client tools. In contrast, the new end-to-end solutions utilize success-fee models and Atento’s own proprietary intelligence. The slide highlights three key acquisitions/partnerships that enabled this: RBrasil for collections, Interfile for back-office credit management, and Falconi for management consulting. A chart on the right shows that while they have a 17% overall BPO market share in Latin America, they have significant room to grow in specialized areas like E2E Collections (~2% share) and Credit Management (~20% share).

Slide 21: Digital Execution and AI

To address the "Digital" pillar of their strategy, Atento highlights its partnership with Keepcon. The slide explains how Keepcon’s semantic technology and AI are integrated into Atento’s omni-channel platform to manage customer engagement via social media. Key metrics provided include 50+ clients already using the solution and over 200 million messages monitored and managed per month. This slide is intended to prove that Atento is not just a human-capital business but a tech-enabled service provider.

Slide 25: Near-Term Value Creation

This slide focuses on what the company has done recently to reward investors. Titled "2017 Actions Have Enabled Near-Term Value Creation," it lists four levers: accelerated top-line growth in 3Q17, strong free cash flow conversion leading to a first-time dividend of $0.3384 per share, refinanced debt to reduce interest expenses, and a follow-on offering by Bain Capital to improve share liquidity and diversify the shareholder base.

Slide 29: Quarterly Financial Results

This slide provides a detailed breakdown of the 3Q 2017 and YTD (Year-to-Date) performance. Key figures include:

Revenue: $501.3 million for 3Q 2017, up 9.0% on a constant currency basis. · Adjusted EBITDA: $59.7 million for 3Q 2017 with a 11.9% margin. · Net Income: $17.6 million for the quarter, up from $14.5 million in 3Q 2016. · EPS: $0.24 for the quarter. · Leverage: Reduced to 1.5x from 1.9x in the previous year.

The commentary notes that the revenue mix improved, with higher value-added solutions reaching a record 27.0% of revenues in 3Q.

Slide 33: Regional Performance - EMEA

The final slide in this selection focuses on the EMEA region. It shows a stable revenue trend in the Multi-Sector vertical, which grew to 38.7% of regional revenues. However, it also notes challenges: TEF revenues in the region were down 7.3%, reflecting lower volumes in Spain, and the Adjusted EBITDA margin declined to 6.4% due to these volume reductions. This slide provides a balanced view, showing that while the overall strategy is working, specific regions face local headwinds.

What Atento Does Well

Atento excels at storytelling through data. The transition from a captive cost center to a diversified market leader is presented with clear, historical evidence (Slide 5). They also do an excellent job of defining their "whitespace." By breaking down their market share by vertical (Slide 13), they show investors that even as the #1 player, they are not yet at a ceiling. The inclusion of specific M&A examples (Slide 17) and technological partnerships (Slide 21) gives concrete proof of how they are executing their strategy rather than just stating goals.

What is Missing from the Deck

While the deck is thorough for a public company presentation, a few elements are notably absent from this selection: 1. Detailed Competitor Analysis: While they claim to be the #1 player, there is no slide comparing their margins, tech stack, or geographic reach directly against specific competitors like Teleperformance or Konecta. 2. Long-term Guidance: The deck focuses heavily on 2017 results and "near-term" value creation. It lacks a 3-5 year financial projection or a specific target for what percentage of revenue they want digital/AI services to represent in the future. 3. Risk Factors: As an investor presentation, one would expect a slide addressing risks such as currency volatility in Latin America or the impact of automation on their massive human workforce (91k+ workstations).

Founder Takeaways: Lessons from Atento

Quantify Your Transformation: If your company has pivoted or evolved, use a slide like Atento’s Slide 5. Comparing "Then" vs. "Now" across specific metrics (revenue, client concentration, scale) is the most effective way to show progress. Define Your Whitespace: Don't just say the market is big. Show your current share of specific sub-sectors and the remaining room to grow. It makes your growth projections feel grounded in reality rather than aspiration. Prove Your Tech: If you are a service business claiming to be "tech-enabled," you must provide metrics for that technology. Atento’s use of "200MM messages managed" (Slide 21) is a much stronger proof point than simply saying they use AI.

Frequently asked questions

What was the primary driver of Atento's transformation?
The primary driver was the transition from a captive cost center for Telefonica to an independent, public CRM BPO provider. This involved diversifying the client base so that by 2017, 62% of revenue came from non-Telefonica clients, and expanding the service offering from basic call center tasks to high-value solutions like credit management and AI-driven customer engagement.
How does Atento plan to capture more market share in Latin America?
Atento identifies significant 'whitespace' in its core markets. As of the 2018 deck, they held only 3% of the Telco BPO market and 10% of the Multi-Sector market. They plan to capture this share by moving from fixed-revenue core services to success-fee-based end-to-end solutions and by leveraging targeted M&A to enter specialized verticals like collections.
What role does technology play in Atento's growth strategy?
Technology is central to their 'Accelerate Profitable Growth' pillar. Specifically, their partnership with Keepcon integrates semantic technology and AI into their platform. This allows for real-time customer sentiment monitoring and automated actions, currently managing over 200 million messages monthly for more than 50 clients.
What are the key financial highlights from the 3Q 2017 report?
In 3Q 2017, Atento reported revenue of $501.3 million, representing 9.0% constant currency growth. Adjusted EBITDA was $59.7 million with an 11.9% margin. Notably, the company reduced its leverage to 1.5x and saw a 20% year-over-year growth in recurring earnings per share (EPS).
How is Atento addressing shareholder value?
Atento is focusing on 'Value Creation Levers,' which include accelerating top-line growth and improving free cash flow conversion. They implemented a first-time dividend of $0.3384 per share and refinanced debt to reduce interest expenses. Additionally, a follow-on offering by Bain Capital helped diversify the shareholder base and boost share liquidity.
Cover slide of the Atento pitch deck — Public 2018
Atento pitch deck, slide 1 (2018)

Atento pitch deck: the facts

Company
Atento
Year
2018
Stage
Public
Slides
34
Sector
CRM BPO / Outsourcing
Deck type
Investor Presentation
Headquarters
Luxembourg (Global HQ) / Latin America (Primary Operations)

Atento pitch deck PDF

The full Atento deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Atento S.A. pitch deck was used for

This is Atento S.A.’s February 2018 investor presentation, a 34‑slide public market deck used with equity investors after Atento’s 2014 NYSE listing under the ticker ATTO. The company positions itself as the leading CRM BPO provider in Latin America and among the top global players, highlighting a transformation from a captive call center for Telefónica to a diversified public CRM BPO provider. The deck focuses on Atento’s scale in Latin America, digital and end‑to‑end solutions, client diversification beyond Telefónica, and the turnaround and growth trajectory visible in its 2017–2018 financials. It is an investor relations deck rather than a private fundraising round, aimed at public equity and debt market participants monitoring Atento’s performance and strategy.

Business model: Global provider of customer relationship management (CRM) and business process outsourcing (BPO) services, including customer care, sales, collections, back office, and technical support, with a leading focus on Latin America.

Year
2018
Industry
Customer Relationship Management (CRM) and Business Process Outsourcing (BPO) services.

Round: Public equity investor relations deck following Atento’s 2014 NYSE initial public offering, used to inform existing and prospective public‑market investors rather than to raise a discrete private funding round.

Headquarters: Luxembourg (public limited liability company organized under the laws of the Grand Duchy of Luxembourg).

What happened after the Atento S.A. deck

Following its separation from Telefónica’s CRM business in 2012 and subsequent NYSE listing in 2014, Atento has operated as an independent, publicly traded CRM BPO provider. By 2018, the company reported nearly US$1.92 billion in annual revenue with mid‑single‑digit growth and was positioning itself as the largest CRM BPO operator in Latin America and a top‑five global provider, while advancing a

What the Atento S.A. deck got right

What could have been stronger

How an investor would read this deck

What draws attention

Risks that stand out

Questions this deck invites

What founders can take from the Atento S.A. deck

Atento S.A. pitch deck: common questions

What does Atento do?

Atento is a global CRM and BPO services provider that focuses primarily on customer relationship management solutions such as customer care, sales, collections, back office and technical support, with a leading presence in Latin America and additional nearshore services to U.S. clients.

Is the February 2018 Atento deck a startup fundraising pitch or a public investor presentation?

Atento became a publicly listed company on the New York Stock Exchange in October 2014 and its ordinary shares trade under the symbol ATTO. The February 2018 investor presentation is therefore a public market deck used to communicate strategy and performance to existing and prospective public investors, not a private venture fundraising pitch.

How is Atento related to Telefónica, and what transformation does the deck describe?

Telefonica announced the sale of Atento’s CRM business in October 2012, with the agreement ratified in December 2012; a Master Service Agreement was signed to regulate Atento’s relationship as a service provider to the Telefónica Group for nine years, later amended in 2014, 2016 and 2018. The 2018 deck references this history as Atento’s transformation from a captive call‑center operation for Telefónica into an independent, diversified CRM BPO provider.

What is Atento’s market position according to the 2018 investor deck?

Atento reports that it is the largest provider of CRM BPO solutions in Latin America and among the top five providers globally, with operations in around 13 countries and approximately 150,000 employees serving over 400 clients. The deck also shows market‑leading positions by CRM BPO market share in several Latin American countries, including #1 in markets such as Brazil and Peru.

What revenue level and growth does Atento report around the time of the 2018 presentation?

Atento’s fiscal year 2018 revenue was approximately US$1.92 billion, representing about 4.3% year‑on‑year growth from 2017, as reported in the company’s fourth‑quarter and full‑year 2018 results. Earlier 2018 earnings presentations show first‑half revenue of about US$963.8 million, with continued growth and margin improvement, particularly in Brazil.

Sources

Funding and outcome facts on this page were researched on 2026-08-21 from the pages below.

Atento pitch deck slides

Atento pitch deck slide 1 of 34
Atento pitch deck — slide 1 of 34
Atento pitch deck slide 2 of 34
Atento pitch deck — slide 2 of 34
Atento pitch deck slide 3 of 34
Atento pitch deck — slide 3 of 34
Atento pitch deck slide 4 of 34
Atento pitch deck — slide 4 of 34
Atento pitch deck slide 5 of 34
Atento pitch deck — slide 5 of 34
Atento pitch deck slide 6 of 34
Atento pitch deck — slide 6 of 34

What each slide of the Atento pitch deck says

Slide 2

Disclaimer AtTer T0 This presentation is provided to you on the condition that you agree that you will hold it in strict confidence and not reproduce, disclose, forward or distribute it to any third party in whole or in part without the prior written consent of Atento S.A. ("Atento"). This presentation has been prepared by Atento. The information contained in this presentation is for informational purposes only. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation has been prepared without taking into account the investment objectives, financial situation…

Slide 4

Atento At-A-Glance Company Overview ® Leading CRM BPO provider in Latin America and the fourth largest globally by revenue ® Growing end-to-end solutions for clients across all verticals & dedicated digital business unit m Long-standing relationships with blue-chip clients ® Superior pan-LatAm delivery platform 99 contact centers in 13 countries globally - 151,000+ employees & 91,000+ workstations globally = Unique people focus: only CRM BPO company among the 25 best multinationals to work for and the only LatAmbased company(!) ® Proven management team: strong constant currency growth with market share gains and stable margins despite severe LatAm macroeconomic recession Source: Company fil…

Slide 5

We Have Evolved From A Call Center of Telefonica to LatAm's #1 CRM BPO Solutions Provider J Aterto 1999 2014-Present®) 2017+ + TEF cost center « Public Company pos - Pure-play call center « Diversified CRM solutions | + Limited geographic scope + #1playerin Latin America | V Strengthen CRM BPO market \ leadership position, with Services ey | \ whitespace remaining across 100% 27% \ 3 a Scope of \ verticals and geographies Services \ Services \ 73% \ \ 19 \ v Expand addressable market via Revenues | | \ higher value-added solutions ($Bn) <05 - I | Vv Accelerate profitable growth Non-TEF TEF 2 3 gi ~10% 38% with mainstream digital Client Base TEF Non-TEF | ~90% 62% | wT jo Margin expansion du…

Slide 6

Long-lasting, Blue-Chip Client Base Highest client retention in the market, driven by excellence in service offering Loyal Client Base With Best-In-Class Retention Tech Global ERBITZ transportation & ~~ SAMSUNG Ridesharing App | Lenovo | Global Technology & Lenovo oo ~) Phone Company Other Financial Services ere 98.7% Client Bann tenon” IY costco ECTS Nestle 10+ year relationship ~ with ~60% of clients * interset Unilever 5+ year relationship HSBC J D) i o ents (2 Itau pe with 80% of clients B ConectCar Whirlpool Telcos vw & 9 Sources: Company filings (1) Client retention is based on an average of the last three years (2) As of 2016; length of relationship statistic excludes Telefonica

Slide 7

We Are The Only Scale Provider of Differentiated CRM BPO Solutions in LatAm Uniquely Positioned to Capture Digital Growth We Provide Differentiated The Only Platform to Serve Large End-To-End Customized Solutions Clients Across LatAm 2016 LatAm CRM BPO market share (%) Mexico 25%1 Colombia Brazil 9% 25% Peru 40%" v Relevant role in the client's value chain with I Atento #1 position higher specialization and customization Chile B Atento #4 posit ento osition v Fully integrated with client's tools and 25% 4 Processes Argentina v Intelligence and tools developed and i\ 18% provided by Atento v Strong momentum with leading, techenabled, global digital customers Sources: Frost & Sullivan, Gartne…

Slide text above is read directly from the Atento deck PDF embedded on this page.

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