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http://arteris.riweb.com.br 69
http://www.arteris.com.br 35
http://arteris.com.br 10
http://ohlbrasil.riweb.com.br 3

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  • 1. Results Conference Call First Quarter 2014 (1Q14) May 09, 2014
  • 2. index 2Investor Relations 1. 1Q14 Highlights 2. Operational and Financial Performance 3. Strategy 4. Shareholders Remuneration 5. Q & A
  • 3. 3 5.4% increase in tolled traffic on comparable basis 22.6% growth on net revenue Adjusted EBITDA growth of 8.3% and 3.2 p.p. expansion on the EBITDA Margin Improvement of 8.8% in net profit Record capex of R$ 376 million Annual Shareholder's Meeting approved 50% dividends pay-out on fiscal year 2013 1. 1Q14 Highlights
  • 4. 4 Average Toll Tariff (R$/Vehicle-Equivalents) Vehicle-Equivalents (Thousand) 2. Operational and Financial Performance Tolled Traffic and Tariffs Double-digit growth in the state concessions due to the charge of suspended axles for heavy vehicles Non-recurring effects on tolled traffic for Autopista Litoral Sul and Autopista Fluminense Toll tariffs frozen in state highway since July 2013 * Comparable basis by adjusting the non-recurring effects of the closure of the toll plazas P1 and P2 on Autopista Fluminense and toll plaza P5 on Autopista Litoral Sul 1Q13 1Q14 Var. 1Q13/1Q14 Comparable Basis* State 46,437 51,489 10.9% 10.9% Autovias 10,709 11,847 10.6% 10.6% Centrovias 12,768 14,182 11.1% 11.1% Intervias 14,601 16,197 10.9% 10.9% Vianorte 8,359 9,262 10.8% 10.8% Federal 127,294 124,107 -2.5% 3.2% Planalto 6,906 7,245 4.9% 4.9% Fluminense 12,045 11,359 -5.7% 4.3% Fernão 39,478 40,147 1.7% 1.7% Regis 36,076 36,833 2.1% 2.1% Litoral 32,789 28,523 -13.0% 6.1% Total 173,731 175,596 1.1% 5.4% 1Q13 1Q14 Var. 1Q13/1Q14 Estadual 6.48 6.47 -0.1% Federal 1.85 1.95 5.3% Total 3.09 3.28 6.1%
  • 5. 5 Revenue Breakdown – 1Q14 790 Toll Revenue Breakdown – 1Q14 Gross Revenue – R$ million 967 2. Operational and Financial Performance Gross Revenue 536 575 227 378 27 14 1Q13 1Q14 Toll Construction Others
  • 6. 6 Costs and Expenses – R$ million 2. Operational and Financial Performance Costs and Expenses (184) (183) (172) (341) (506) (494) (525) (689) (666) 35.9% 32.9% 32.7% 20% 22% 24% 26% 28% 30% 32% 34% 36% 38% 40%(1600.0) (1400.0) (1200.0) (1000.0) (800.0) (600.0) (400.0) (200.0) - 1Q13 4Q13 1Q14 Cash Cost Non Cash Costs % of Net Revenue (ex. Construction)
  • 7. 7 Var. 4Q13/1Q14 Var. 1Q13/1Q14 + 0.2 p.p + 3.2 p.p Adjusted EBITDA Margin* Evolution Adjusted EBITDA – R$ million * The Adjusted EBITDA Margin is based on Net Operatijng Revenue, excluding Construction Revenue 2. Operational and Financial Performance Adjusted EBITDA and Adjusted EBITDA Margin* 328 374 355 64.1% 67.1% 67.3% 1Q13 4Q13 1Q14 8.3%
  • 8. 8 Net Income – R$ million 8.8% 2. Operational and Financial Performance Net Income 93 138 101 1Q13 4Q13 1Q14
  • 9. 9 51.7% 39.0% 9.3% TJLP CDI IPCA Leverage Ratio and Net Debt (R$ million)Gross Debt – R$ million Debt Amortization Schedule – R$ million Gross Debt Profile 303 779 766 751 464 218 234 251 270 290 220 67 19 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2. Operational and Financial Performance Indebtedness 51.7%48.2% 0.1% BNDES Debentures Other 457 288 404 2,721 3,836 4,228 3,178 4,125 4,632 1Q13 4Q13 1Q14 Long term Short term 2,488 3,084 3,258 2.0 2.3 2.4 1Q13 4Q13 1Q14 Net Debt Net Debt/Adjusted EBITDA - Fixed Concession Charge (last 12 months)
  • 10. 10 266,368 310,685 347,042 403,979 375,760 Intangible and Fixed Assets and Maintenance – R$ million For 2014 the Company estimated around R$ 1.8 billion in investments and by the end of all concessions R$ 6.5 billion 2. Operational and Financial Performance Capex 245,660 293,902 329,585 382,393 355,813 20,708 16,783 17,457 21,586 19,947 1Q13 2Q13 3Q13 4Q13 1Q14 Intangible and Fixed Assets Maintenance
  • 11. Capex delivery Economic, social and environmental sustainability Efficient Operations Focus on quality of service to users. Comfort and safety Strengthening of corporate image and social and corporate responsability Long-term strategy focused on 3 vectors 11 3. Arteris Strategy
  • 12. Serra do Cafezal Duplication (SP) BR-101 Duplication (RJ) Betim beltway (MG) Access to Ribeirão Preto (SP) 12 3. Arteris Strategy Capex 12
  • 13. Contorno Avenue – Niterói (RJ) BR-116 duplication (PR) Florianópolis beltway (SC) Campos de Goytacazes beltway (RJ) 1313 3. Arteris Strategy Capex
  • 14. 1414 3. Arteris Strategy Strengthening of corporate image
  • 15. A more efficient organization Commitment to improve security: – To reduce the numbers of accidents and deaths on the roads Redefinition of corporate policies and controlling shareholders ´s best practices model as benchmark – Focus on manageable costs – Centralized purchasing – Shared Services Center – SAP implementation – Toll collection process improvement Remuneration based on performance Goal is to reduce R$ 60 million per year on cash costs after the full implementation of the efficiency plan 15 3. Arteris Strategy Efficient Operations
  • 16. Adjusted Net Income (ex legal reserve) and Dividends (R$ million) 50% 50%Payout 25% Dividends AdjustedNetIncome 16 195 185 203 371 370 406 2011 2012 2013E 53% 4. Shareholders Remuneration Dividends Dividends
  • 17. Thank you! www.arteris.com.br/ir