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Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
Apresentação call 1 t13_eng
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Apresentação call 1 t13_eng

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  • 1. 1São Paulo, May 07, 2013.Conference CallResults 1Q13
  • 2. 2Legal NoticeThis presentation contains forward-looking statements relating to the prospects of the business, estimates foroperating and financial results, and those related to growth prospects of Arteris, these are merely projectionsand, as such, are based exclusively on the expectations of Arteris’ management concerning the future of thebusiness and its continued access to capital to fund the Company’s business plan.Such forward-looking statements depend, substantially, on changes in market conditions, governmentregulations, competitive pressures, the performance of the Brazilian economy and the industry andare, therefore, subject to change without prior notice.
  • 3. 3Tolled TrafficVehicle-Equivalents (Thousand) 1Q13 4Q12 1Q12Var%1Q13/4Q12Var%1Q13/1Q12State Concessions 46,437 49,785 44,045 -6.7% 5.4%Autovias 10,709 11,473 10,230 -6.7% 4.7%Centrovias 12,768 13,507 11,866 -5.5% 7.6%Intervias 14,601 15,785 14,047 -7.5% 3.9%Vianorte 8,359 9,020 7,902 -7.3% 5.8%Federal Concessions 127,294 131,348 126,600 -3.1% 0.5%Planalto Sul 6,906 7,107 6,923 -2.8% -0.2%Fluminense 12,045 12,416 12,726 -3.0% -5.4%Fernão Dias 39,478 41,647 39,104 -5.2% 1.0%Régis Bittencourt 36,076 37,550 36,016 -3.9% 0.2%Litoral Sul 32,789 32,628 31,831 0.5% 3.0%Total 173,731 181,133 170,645 -4.1% 1.8%
  • 4. 4Toll TariffAverage Toll Tariff (R$ / Vehicle-Equivalents) 1Q13 4Q12 1Q12Var%1Q13/4Q12Var%1Q13/1Q12State Concessions 6.48 6.47 6.19 0.1% 4.6%Autovias 6.80 6.79 6.56 0.2% 3.7%Centrovias 6.17 6.17 5.90 0.0% 4.7%Intervias 5.62 5.60 5.35 0.3% 5.1%Vianorte 8.02 8.02 7.67 0.1% 4.7%Federal Concessions 1.85 1.79 1.77 3.3% 4.8%Planalto Sul 3.60 3.34 3.30 7.8% 9.1%Fluminense 3.23 3.10 2.99 4.1% 7.9%Fernão Dias 1.40 1.40 1.40 0.0% 0.0%Régis Bittencourt 1.80 1.80 1.80 0.0% 0.0%Litoral Sul 1.58 1.45 1.36 9.1% 16.2%Total 3.09 3.08 2.91 0.3% 6.1%
  • 5. 5875782 791Gross Revenue (R$ million)Gross Revenue Composition496.496557.462 536.515261.399294.554226.80624.07622.82527.3321Q12 4Q12 1Q13OthersConstructionToll
  • 6. 6Costs and ExpensesCosts and Services Expenses (R$ Thousand) 1Q13 4Q12 1Q12Var%1Q13/4Q12Var%1Q13/1Q12Third Party Services (45,796) (48,915) (44,072) -6.4% 3.9%Personnel (49,325) (46,588) (45,088) 5.9% 9.4%Conservation (23,737) (27,381) (28,041) -13.3% -15.3%Inspection fee (9,097) (8,708) (8,598) 4.5% 5.8%Costs w ith granting authority (9,323) (10,019) (8,525) -6.9% 9.4%Insurance and guarantees (5,813) (4,430) (5,433) 31.2% 7.0%Directors compensation (4,418) (4,644) (3,093) -4.9% 42.8%Civil, labor and tax risks (1,169) (2,240) (288) -47.8% 305.9%Tax expenses (809) (855) (1,088) -5.4% -25.6%Other operating expenses, net (34,095) (21,873) (23,642) 55.9% 44.2%Total (Cash Costs) (183,582) (175,653) (167,868) 4.5% 9.4%% Cash Costs / Net Revenue (excl. construction) 35.9% 33.5% 35.6% 2.5 p.p. 0.3 p.p.Cost of construction services (226,806) (294,554) (261,399) -23.0% -13.2%Provision for maintenance in highw ays (48,894) (68,137) (45,968) -28.2% 6.4%Depreciation and amortization (65,614) (62,172) (53,876) 5.5% 21.8%Total (524,896) (600,516) (529,111) -12.6% -0.8%
  • 7. 7*Adjusted EBITDA Margin considers Net Revenue, excluding Construction Revenue.Adjusted EBITDA and Adjusted EBITDA Margin (R$ million)Operational Performance30334932864.4%66.5%64.1%-100%-50%00%50%100%150%200%250%300%350%400%00501001502002503003504004505001Q12 4Q12 1Q13
  • 8. 8Financial ResultFinancial Result (R$ Thousand) 1Q13 4Q12 1Q12Var%1Q13/4Q12Var%1Q13/1Q12Financial Income 12,625 18,922 40,690 -33.3% -69.0%Interest Receivable 214 260 4,791 -17.7% -95.5%Financial Investments 12,348 15,465 27,268 -20.2% -54.7%Financial Charges - Reversal of Present Value Adjustments - 2,834 8,382 - -Other Revenues 63 363 249 -82.6% -74.7%Financial Expenses (82,912) (79,556) (87,469) 4.2% -5.2%Financial Charges (61,672) (62,620) (73,671) -1.5% -16.3%Monetary Adjustment of Concession Charges (6,288) (5,270) (5,044) 19.3% 24.7%Financial Charges - Reversal of Present Value Adjustments (9,320) (8,369) (6,399) 11.4% 45.6%Other Expenses (5,632) (3,297) (2,355) 70.8% 139.2%Net Exchange Variation (14) (6) 2 133.3% -800.0%Financial Result (70,301) (60,640) (46,777) 15.9% 50.3%
  • 9. 9Net Income EvolutionNet Income (R$ million)105 107931Q12 4Q12 1Q13
  • 10. 1063.6%23.6%13.0%TJLPCDIIPCA63.6%36.2%0.2%BNDESDebenturesOthersIndebtednessGross Debt Profile Leverage Ratio and Net DebtDebt(In thousands of Brazilian reais)1Q13 4Q12 1Q12Var%1Q13/4Q12Var%1Q13/1Q12Gross Debt 3,177,875 3,234,652 3,103,749 -1.8% 2.4%Short Term 456,523 472,786 413,826 -3.4% 10.3%Long Term 2,721,352 2,761,866 2,689,923 -1.5% 1.2%Cash Position 690,248 814,312 1,220,639 -15.2% -43.5%Cash and equivalents 584,399 681,437 1,119,889 -14.2% -47.8%Restricted investments ¹ 105,849 132,875 100,750 -20.3% 5.1%Net Debt 2,487,627 2,420,340 1,883,110 2.8% 32.1%¹ Short and long term1,8832,420 2,4881.61.9 2.0(2.50(1.50(.500.5001.5002.500-500.01000.01500.02000.01Q12 4Q12 1Q13Net DebtNet Debt / Ajusted EBITDA - Fixed Concession Charge(last 12 months)
  • 11. 11Investments – Cash DisbursementsIntangible and Fixed Assets and Highway Maintenance (R$ million)679,527750,787598,281876,7121,106,425257,234 289,791 245,66077,997127,192131,188141,06621,81335,85620,708679,527828,784725,4731,007,9001,247,491279,047325,647266,3682008 2009 2010 2011 2012 1Q12 4Q12 1Q13Total Maintenance
  • 12. 12ri@arteris.com.brR. Joaquim Floriano, 913 – 6º andarItaim Bibi – São Paulo – SP – CEP 04534-013+55 11 3074-2410www.arteris.com.br/irInvestor Relations

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