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1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
1 t09 inglês   090518 v03
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1 t09 inglês 090518 v03

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  • 1. 1
  • 2. 1Q09 Earnings Results Presentation 05/18/2009 2
  • 3. Forward-Looking Statements This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of TPI – Triunfo Participações e Investimentos S.A.. These are merely projections and, as such, are based exclusively on the expectations of the Company’s management concerning the future of the business. Such forward-looking statements depend substantially on changes in market conditions, the performance of the Brazilian economy, the sector and the international markets, and are, therefore, subject to changes without previous notice. 3
  • 4. Accounting Changes In compliance with CVM Official Letter CVM/SNC/SEP 2/2009, the information for the quarter ended March 31, 2008 (1Q08), was not adjusted in accordance with the accounting practices in effect in the current quarter. The effects on net income and shareholders’ equity deriving from the application of said adjustments are disclosed in the explanatory notes to the 1Q09. The quarterly information is presented in thousands of Reais, except when otherwise stated. 4
  • 5. I - Highlights Total traffic volume on our toll road concessions fell 0.8% year on year to 16,302 equivalent vehicles. Handled container volume jumped by 97.9% over 1Q08 to 60,516 TEUs. Consolidated Net Operating Revenue increased 28.4% year on year to R$89,370. Adjusted EBITDA totaled R$65,316, 75.9% up on 1Q08. Net income totaled R$11,133, versus a net loss of R$11,430 loss in 1Q08. 5
  • 6. I - Highlights On February 19, ARTESP granted Triunfo the concession for the Ayrton Senna/Carvalho Pinto Corridor. On March 24, the BNDES freed the third R$ 40,000 financing tranche for the construction of the Salto Plant On March 27, ANEEL altered Rio Verde’s installed capacity from 108 MW to 116 MW 6
  • 7. I – Subsequent events On April 3, Portonave received authorization to operate with a draft of 10.0m. On April 30, the Annual Shareholders' Meeting elected the Board of Directors for a two-year mandate. On May 6, the company charged with dredging of the Itajaí-Açú river, which provides access to the Port of Navegantes, declared the project concluded, having reached a depth of 10m. 7
  • 8. I – Subsequent events In addition, we won the bid for the Ayrton Senna/Carvalho Pinto Corridor Concession tendered by the São Paulo state government in 3Q08 and were summoned to sign the agreement. The deadline for submitting the necessary documents, together with 20% of the concession fee, ended on April 17, 2009. On the latter date, having delivered all the necessary documents, including the statement of availability of funds in regard to payment of the initial concession fee installment, except for the performance guarantee, whose issue was jeopardized by circumstances beyond Triunfo’s control, the Company asked ARTESP for a 30-day extension. However, this request was denied and ARTESP quashed Triunfo’s right to execute the Concession Agreement. We are currently taking the appropriate measures in order to reverse this situation. 8
  • 9. II – 1Q09 Results Traffic – Equivalent Vehicles (thousand) 16450 16,436 -0.8% 16400 16350 16300 16,302 16250 16200 1Q08 1Q09 9
  • 10. II – 1Q09 Results Traffic – Equivalent Vehicles (thousand) 10 -2.1% 9 8 0.0% 7 7,829 7,661 1Q08 1Q09 6 5,707 5 5,707 1Q08 1Q09 1.2% 4 3 2,900 2,934 1Q08 1Q09 2 1 0 ECONORTE CONCER CONCEPA 10
  • 11. II – 1Q09 Results Container Handling- TEUs (thousand) 70 60,516 60 97.9% 50 40 30,576 30 20 10 0 1Q08 1Q09 11
  • 12. II – 1Q09 Results Net Revenue from Operations (R$ ‘000) 100 90 28.4% 80 70 8 9 ,3 7 0 6 9 ,5 9 7 60 50 40 30 20 10 0 1Q08 1Q09 12
  • 13. II – 1Q09 Results Total Costs and Expenses (R$ ‘000) Net – depreciation / amortization 35 30 3 2 ,4 7 1 -25.9% 25 2 4 ,0 5 4 20 15 10 5 0 1Q08 1Q09 13
  • 14. II – 1Q09 Results EBITDA (R$ ‘000) 70 6 5 ,3 16 60 75.9% 50 40 3 7 ,12 6 30 20 10 0 1Q08 1Q09 14
  • 15. II – 1Q09 Results EBITDA Margin (%) 70 12.2 p.p 60 50 65.7 53.3 40 30 20 10 0 1Q08 1Q09 15
  • 16. II – 1Q09 Results Net Financial Result (R$ ‘000) 1Q08 1Q09 16.7% 13 ,3 0 3 11,3 9 5 16
  • 17. II – 1Q09 Results Net Loss (R$ ‘000) 15 10 11,133 5 0 -5 -10 -5,694 -153 -5,583 -11,430 -15 17
  • 18. III – Debt Net Debt 800 (R$ ‘000) & net debt / EBITDA 3,80 3.77x 7.2% 700 3,75 702,938 600 655,900 3,70 3,65 500 3,60 400 3,55 3,50 300 3.47x 200 3,45 3,40 100 3,35 0 3,30 4Q08 1Q09 18
  • 19. IV – Capex Balance of Investments in Fixed Assets Assets on March 31, 2009 Total % Triunfo 162,679 9.8 Concer 393,869 23.7 Concepa 312,353 18.8 Econorte 227,699 13.7 Rio Verde 309,671 18.6 Portonave 174,775 10.5 Other Investments 82,015 4.9 Total 1,663,061 100.00 19
  • 20. IV – Capex Investments in Fixed Assets Fixed Assets on March 31, 2009 Total % Triunfo 5,635 6.5 Concer 2,764 3.2 Concepa 6,168 7.1 Econorte 2,659 3.0 Rio Verde 69,678 79.8 Portonave 148 0.1 Other Investments 311 0.3 Total 87,363 100.00 20
  • 21. www.tpisa.com.br Tr iu n f o Sã o Pa u lo R O píadas 205 14º andar cj. 1402 ua lim C P04551-000 S P S B E ão aulo P R F 55 11 2169 3999 one F 55 11 2169 3969 ax 21

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