3Q07 ResultsConference Call   November 14th, 2007                         1
DisclaimerThis presentation may include forward-looking statements of future events orresults according to the regulations...
Business Market  CardSystem/MarketSystem                        Card Trends (Business Market)                             ...
CardSystem/MarketSystem – Operational data                    CSU – Registered Cards                at the end of Septembe...
CardSystem/Marketsystem – Operational DataCSU Cardsystem – New cards entry               CSU Marketsystem – Managed accoun...
CAIXA PROJECTPlatform’s Development activities finalized in 2Q07Caixa and CSU are running on preparatory activities to imp...
TeleSystem/Credit&RiskTeleSystem and Credit&Risk      Financial turnaround reached in the period;      Slightly reduction ...
CSU – Financial Trend                 Gross Revenue (R$ million)                                                          ...
Units – Financial Trend              53.0                    Gross Revenue (R$ million)                                   ...
CSU (Consolidated)                       Gross Revenue                                                                    ...
CSU (Consolidated)   Operational Expenses              EBITDA (R$ million) and EBITDA                    Net Results (R$ t...
CardSystem/Marketsystem       Gross Revenue                      Gross Profit (R$ million) and     EBITDA (R$ million) and...
TeleSystem and Credit&Risk                                           Gross Profit (R$ million) and    EBITDA (R$ million) ...
Indebtedness and Investments   Debt - R$ thousand                        3Q07    3Q06   2Q07        Indebtedness   Short T...
Perspectives and Recent FactsNew card projects under study by different clients, increasing the potential ofnew business o...
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3 q07 results presentation

  1. 1. 3Q07 ResultsConference Call November 14th, 2007 1
  2. 2. DisclaimerThis presentation may include forward-looking statements of future events orresults according to the regulations of the Brazilian and International securitiesand exchange commissions. These statements are based on certain assumptionsand analyses by the Company that reflect its experience, the economicenvironment, future market conditions and expected events by the company, manyof which are beyond the control of the Company. Important factors that may leadto significant differences between the actual results and the statements ofexpectations about future events or results include the company’s businessstrategy, Brazilian and International economic conditions, technology, financialstrategy, financial market conditions, uncertainty regarding the results of its futureoperations, plans, objectives, expectations and intentions, among others.Considering these factors, the actual results of the company may be significantlydifferent from those shown or implicit in the statement of expectations aboutfuture events or results.The information and opinions contained in this presentation should not beunderstood as a recommendation to potential investors and no investmentdecision is to be based on the veracity, current events or completeness of thisinformation or these opinions. No advisors to the company or parties related tothem or their representatives should have any responsibility for any losses thatmay result from the use or contents of this presentation. 2
  3. 3. Business Market CardSystem/MarketSystem Card Trends (Business Market) September, 30th - in million 424 372 324 89 264 76 64 137 51 112 94 82 166 184 198 131 2004 2005 2006 2007 Debit Private Label Credit Expansion - Business Market x CSU 12.9% 9.5% 7.4% 9.9% BUSINESS 6.1% 9.2% MARKET 3.8% 3.4% CSU 4.2% 3.7%3Q06 4Q06 1Q07 2Q07 3Q07 3
  4. 4. CardSystem/MarketSystem – Operational data CSU – Registered Cards at the end of September (Million) 15,6 2004 to 2007 CAGR (CSU) of 31% 11,4 CAGR (Market) of 19% 10,1 7,0 6,3 2003 2004 2005 2006 2007According to the increase of new cards, CSU ended the quarterwith 15.6 million cards in base;In the last 12 months the business market evolved 20.2%. While,CSU 36.8%. 4
  5. 5. CardSystem/Marketsystem – Operational DataCSU Cardsystem – New cards entry CSU Marketsystem – Managed accounts (Thousands) (Million) 1.860 1.640 1.96 1.417 1.90 1.306 1.84 1.033 1.77 1.704Q06 1Q07 2Q07 3Q07 4Q07 4Q06 1Q07 2Q07 3Q07 4Q07New cards volume raised from 4.5 million in 2006 to 5.9 million in 2007 (+31.1%).We celebrated and implemented a strategic cards contract with Carrefour;Omni Financial project implementation;Contract with an important retail financial company to be implemented by 4Q07;We won the public tenders held by the banks Nossa Caixa and Banrisul;HSBC/Losango continue their growing trends;In the Marketing and Loyalty Programs, CSU has been growing continuously; 5
  6. 6. CAIXA PROJECTPlatform’s Development activities finalized in 2Q07Caixa and CSU are running on preparatory activities to implement atest planExpectation of project implementation and card base migration during1H08 6
  7. 7. TeleSystem/Credit&RiskTeleSystem and Credit&Risk Financial turnaround reached in the period; Slightly reduction in the number of Work Stations in operation in September ’07; thousands 3,930 3,872 2Q07 3Q07 Discontinuation of unprofitable contracts; The units maintain the portfolio diversification strategy, with focus on smaller operations with greater stability; Breakeven reached through substantial operational cost reduction and gains in productivity of approximately R$2 million per month as showed below R$ million (accumulated value) 2.0 1.5 0.6 7 August September October
  8. 8. CSU – Financial Trend Gross Revenue (R$ million) 92.7 92.8 90.9 87.4 81.4 78.43Q06 4Q06 1Q07 2Q07 3Q07 4Q07 * EBTIDA (R$ million) 15.3 12.9 11.9 5.6 5.1 5.43Q06 4Q06 1Q07 2Q07 3Q07 4Q07 ** Forecast 8
  9. 9. Units – Financial Trend 53.0 Gross Revenue (R$ million) 49.0 48.9 47.6 Tele/Credit 45.7 43.3 Card/Market 45.1 42.0 39.8 35.8 38.4 35.1 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 * EBTIDA (R$ million) 14.3 13.7 11.6 10.4 9.3 8.7Card/MarketTele/Credit 1.0 (1.8) 1.3 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 * (3.3) (4.2) (4.8) * Forecast 9
  10. 10. CSU (Consolidated) Gross Revenue Cost of Services Rendered (R$ thousand) (R$ thousand) +2.1 % -3.8 % -2.8 % -2.1 % +4.0 % 92,744 92,777 90,866 72,040 71,312 90,866 69,326 69,326 87,394 3Q06 3Q07 2Q07 3Q07 4Q07* 3Q06 3Q07 2Q07 3Q07 Gross Profit (R$ thousand) and Gross Margin (%) 9.7 % 55.8 % 15,277 15,277 13,924 9,808* Forecast according to “guidance” of 11/12/07 10 3Q06* 3Q07 2Q07 3Q07
  11. 11. CSU (Consolidated) Operational Expenses EBITDA (R$ million) and EBITDA Net Results (R$ thousand) Expenses (R$ thousands) Margin (%) 1.294 na -0.8 % 14.3 % -7.9 % 28.5 % (247) 15.742 (255) (247) 15.617 15.617 111.3 %13.666 15.245 12.888 11.865 11.865 3.0 % 94.2% 5.614 15% (4.286) 14% 6.9% 14% 17.8% 3Q06 3Q07 2Q07 3Q07 3Q06** 3Q07 2Q07 3Q07 4T07* 3Q06 3Q07 2Q07 3Q07 4T07* Operating expenses with slightly reduction in the 3Q07, despite restructuring expenses of R$1.1 million; Net Income: Significant expansion in the 3Q07, growth expectation in 4Q07.* Forecast according to guidance of 11/12/07 * * Excludes IPO Expenses 11
  12. 12. CardSystem/Marketsystem Gross Revenue Gross Profit (R$ million) and EBITDA (R$ million) and EBITDA (R$ million) Gross Margin (%) Margin (%) +5.5% +9.2% + 25.9% + 22% 17.9% + 32% 15.2 15.2 41.9 41.939.8 38.4 13.7 13.7 11.6 12.0 12.4 10.4 31.8% 35.1% 29.2% 35.1% 33% 38.8% 34.9% 38.8%3Q06 3Q07 2Q07 3Q07 3Q06 3Q07 2Q07 3Q07 3Q06 3Q07 2Q07 3Q07 Revenue growth of Cardsystem/Marketsystem; Increase of gross margin in relation to 3Q06 and 2Q07; Gross profit and EBITDA show substantial growth in relation to previous quarters; 12
  13. 13. TeleSystem and Credit&Risk Gross Profit (R$ million) and EBITDA (R$ million) and EBITDA Gross Revenue Margin (%) 1.9 Gross Margin (%) (R$ million) - 93.5% - 244.7% - 7.7% 3.8% - 0.1% na 61.5%52.9 48.9 0.1 0.1 1.3 48.9 48.9 0.3% 0.3% 2.6% -4% -5.7% -4% - 10.5% (2.6) (1.8) (1.8) (4.7)3Q06 3Q07 2Q07 3Q07 3Q06 3Q07 2Q07 3Q07 3Q06 3Q07 2Q07 3Q07 Gross profit maintained the same level as 2Q07; Cost reduction plan resulted on positive impact reaching breakeven in gross profit. See monthly trade: 0.6 0.5 Gross Profit 3Q07 Jul 07 Aug 07 Sep 07 R$ million 13 (1.1)
  14. 14. Indebtedness and Investments Debt - R$ thousand 3Q07 3Q06 2Q07 Indebtedness Short Term 48.9 42.1 40.8 Debt 24.0 17.2 23.1 Increase of R$19 million in total debt Leasing 24.9 24.9 17.7 for investments on cards area; Long Term 59.1 50.9 45.9 Debt 42.2 23.9 21.4 Leasing 16.9 27.0 24.5 Improved indebtedness profile for Gross Debt 108.1 93.0 86.7 short to long term (-) Cash 3.5 42.5 1.1 Net Cash (Debt) 104.6 50.6 85.6 CAPEX (R$MM)CAPEX 20 15.1 14.5 14.5 Reduction of investments in Caixa’s 16 11.2 3.8 3.8 operating platform; 12 4.0 7.4 8 Investments in cards area to support 4 7.1 10.3 6.8 10.3 accelerated growth. 0 3Q06 3Q07 2Q07 3Q07 Sistems (SW e HW) Caixa Project Others 14
  15. 15. Perspectives and Recent FactsNew card projects under study by different clients, increasing the potential ofnew business opportunities;Cost and operating expenses reduction plan to be consolidated in the 4Q07;Telesystem/Credit&Risk financially-focused management program promotingsignificant improvements;Positive perspective for growth in revenues and profitability. Anticipatedthrough the Company’s 4Q07 guidance: Quarter Information – CSU (R$ million) 1Q07 2Q07 3Q07 4Q07 * Gross Revenue 78.4 87.4 90.9 92.7 EBITDA 5.3 5.6 11.9 15.2 Net Profit (5.7) (4.3) (0.2) 1.3 * Forecast 15
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