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3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
3 q09 presentation
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3 q09 presentation

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  • 1. Q3 and YTD 2009 EarningsConference Call and WebcastConference Call and Webcast November 2009
  • 2. Legal AdviceThis presentation contains statements that may constitute “forward‐looking statements”, forward looking statementsbased on current opinions, expectations and projections about future events. Suchstatements are also based on assumptions and analysis made by Wilson, Sons and are subjectto market conditions which are beyond the Company’s control.Important factors which may lead to significant differences between real results and theseforward‐looking statements are: national and international economic conditions; technology;financial market conditions; uncertainties regarding results in the Company’s future Company soperations, its plans, objectives, expectations, intentions; and other factors described in thesection entitled "Risk Factors“, available in the Company’s Prospectus, filed with the BrazilianSecurities and Exchange Commission (CVM).The Company’s operating and financial results, as presented on the following slides, wereprepared in conformity with International Financial Reporting Standards (IFRS), except asotherwise expressly i di t d A i d th i l indicated. An independent auditors’ review report i an i t d t dit ’ i t is integral part of l t fthe Company’s condensed consolidated financial statements. 2
  • 3. Consolidated Results – 3Q09 & 9M09 (USD million) (USD million) Net Revenues Operating ProfitHighlights:  ‐8.5% ‐2.1% Wilson, Sons’ Q3 2009 results improved, impacted by  moderate volume recovery & positive growth in financials; l h f l Volume growth at port terminals, % of special operations  380.8 into towage revenues, solid performance in the offshore 132.4 348.6 129.6 and logistics businesses, and revenue growth at Brasco; 7.1% 18.6% EBITDA results, for the first time to date, ended over the  23.2 24.9 65.2 77.3 USD 100 million level in the first nine months of the year; Q3 2009 results confirmed Wilson, Sons’ long‐term  Operating 3Q08 3Q09 9M08 9M09 growth trend, building on solid year‐to‐date 2009 figures. growth trend building on solid year‐to‐date 2009 figures Margin 17.6% 19.2% 17.1% 22.2% EBITDA Net Income 21.2% 80.3% 9.5% 756.6% 75.5 33 1 33.1 100.3 30.2 82.8 26.3 26 3 41.9 3.1 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09EBITDA  Net  22.8% 25.5% 21.7% 28.8% 2.3% 20.3% 11.0% 21.7%Margin Margin 3
  • 4. HighlightsPort Terminals Volume increase at port terminals: 2nd consecutive quarter at double‐digit percentage growth rates; V l i i l 2 d i d bl di i h Revenue growth at Brasco, related to demand in oil & gas.Towage One new tugboat delivered, the ‘Hadar’, in early October 2009; Six other tugboats are under construction at the Company’s Guarujá shipyard.Offshore Delivery of PSV Skua in August 2009.Logistics New clients added to the service portfolio.Subsequent Event  ‐Subsequent Event  ‐ October 2009 Announcement of a USD 16.66 million financing facility (a Buyer s Credit Loan Agreement), signed by Wilson, Sons and  Announcement of a USD 16 66 million financing facility (a Buyer’s Credit Loan Agreement) signed by Wilson Sons and The Export‐Import Bank of China, for equipment acquisition at the Company’s Rio Grande container terminal (Tecon Rio  Grande). 4
  • 5. Port Terminals KEY FINANCIALS (USD mn) NET REVENUES EBITDA & EBITDA Margin (%) ‐2.4% 35.8% 38.1% 38 1% 33.0% 33 0% 3.3% 34.1% ‐7.5% ‐9.8% 130.1 130 1 126.9 126 9 46.5 46 5 18.1 16.7 41.9 47.4 48.9 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 OPERATIONAL INDICATORS TEUs BRASCO (‘000) (USD mn) 248.0 664.4 223.7 622.8 16.8% 15.8% 10.9% 6.7% 178.0 178 0 484.0 484 0 161.5 445.8 7.7% 8.4% 8.2  20.1  30.7 30.0 88.0 83.4 10.0  4.0  31.5 40.1 89.0 97.1 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 Deep Sea Cabotage Others* Net Revenues As % in Port Terminals* Includes shifting, transhipment and inland navigation 5
  • 6. Towage KEY FINANCIALS (USD mn) NET REVENUES EBITDA & EBITDA Margin (%) 42 2% 42.2% 6.3% ‐6.2% 37.5% 35.0% 33.9% 17.7% 13.1% 45.4 40.1 40 1 114.7 114 7 15.0 40.2 40 237.7 107.6 12.83Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 OPERATIONAL INDICATORS # Manoeuvres Special Operations (% of Total Revenues) 1.6% ‐8.1% ‐11.5% 91.5 84.7 91.5 87.0 12,509 12,715 13,835 42,403 12,715 37,518 8.5 15.3 15 3 8.5 13.0 13 0 2Q09 3Q09 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 Harbour Manoeuvres Special Operations 6
  • 7. Logistics KEY FINANCIALS (USD mn) NET REVENUES EBITDA & EBITDA Margin (%) ‐19.2% 11.1% ‐20.2% 10.2% 5.9% 5.3% 69.0 51.6% 51 6%24.4 6.2 55.8 51.9% 2.0 19.5 4.1 1.33Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 OPERATIONAL INDICATORS # of Trips # of Operations ‐23.6% ‐19.2% ‐19.2% ‐19.2% ‐36.9% 53,293 19,625 26 40,718 26 26 21 21 21 12,390 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 7
  • 8. Shipping Agency KEY FINANCIALS (USD mn) NET REVENUES EBITDA & EBITDA Margin (%) Revenue Mix (%) by Service ‐24.3% 18.3% 18 3% ‐5.2% 18.3% 22% 29% 14.1% 12.3% 23% ‐41.7% 26% 14.4 ‐36.2% 2.6  2.64.545 4.3 0.8  10.9 0.5  1.5  55% 45%3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 3Q08 Q 3Q09 Q Vessel Calls Cntr Controlled BLs Issues OPERATIONAL INDICATORS OPERATIONAL INDICATORS # Vessel Calls # BLs Issued # of Containers Controlled 22.7% 9.1% ‐22.6% ‐36.5% ‐24.7% ‐38.7% 1,738 4,831 18,275 37,774 64,308 129,931 1,416 4,427 14,151 28,441 40,844 40 844 79,629 79 629 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 8
  • 9. Offshore KEY FINANCIALS (USD mn) NET REVENUES EBITDA & EBITDA Margin (%) 98.6% 55.7% 42.4% 48.5% 46.6% 45.4% 27.5 36.7% 8.9 4.2 143.2% 15.3 6.3 3.0 13.8 6.3 3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 OPERATIONAL INDICATORS # PSVs # Days in Operation 40.0% 40.0% 56.3% 45.3% 7 7 1447 512 5 5 352 9263Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 9
  • 10. Non‐Segmented Activities EBITDA – quarterly and year‐to‐date 3Q09 vs. 3Q08 (US$ mn) (5.8) (5 8) 6.1 (5.3) (5 3) (2.5) (4.2) 1.1EBITDA  Net  Raw  Personnel  Other  EBITDA  3Q08 Revenues Materials Expenses Operating Operating  3Q09 Expenses 9M09 vs. 9M08 (10.0) (16.9) 4.0 (0.2) 22.6 (0.6) (18.9) EBITDA  Net  Raw  Personnel  Other  Profit on  EBITDA  9M08 Revenues Materials Expenses Operating  Disposal  9M09 Expenses of PPE 10
  • 11. EBITDAQuarterly and year‐to‐date 3Q09 vs. 3Q08: Double‐digit growth (USD mn) 9.5% 9 5% 33.1 30.2 3Q08 EBITDA 3Q09 EBITDA 9M09  vs. 9M08: Consistent EBITDA growth (USD mn) (USD mn) 21.2% 100.3 82.8 9M08 EBITDA 9M09 EBITDA 11
  • 12. Net Income Quarterly and year‐to‐date3Q09 vs. 3Q08 (USD mn) 2.1 756.6% 23.7 11.3 (7.5) 26.3 1.7 (1.2) 0.2 (4.2) 3.1 31 (2.8) (2 8) 3Q08  Net Revenues Raw  Personnel  Other  Depreciation  Profit on  Gain on  Net Financial  Income Tax  3Q09  Net Income Materials Expenses Operating  &  Disposal of  Disposal of  Results Expenses Net Income Expenses Amortization  PPE Investment Expenses (USD mn)9M09 vs. 9M08 25.9 (0.2) 15.0 (5.4) 0.0 (4.2) 32.9 1.8 (32.2) 75.5 80.3% 41.9 9M08  Net Revenues Raw  Personnel  Other  Depreciation  Profit on  p Gain on  Net Financial  Income Tax  9M09  Net Income Materials Expenses Operating  &  Disposal of  Disposal of  Results Expenses Net Income Expenses Amortization  PPE Investment Expenses 12
  • 13. Capital Expenditure & Debt Profile CAPEX EVOLUTION BREAKDOWN 9M08 9M09 (USD mn) (USD mn) 94.2% 24% 20% 36% 47% 64.0% 1% 115.9 9% 38.1 23% 59.7 1% 23.2 1% 29% 9% 0% 3Q08 3Q09 9M08 9M09 Port Terminals Offshore Shipping Agency Towage Logistics Non‐Segmented Activities CASH POSITION & DEBT PROFILE DEBT STRUCTURE: CURRENCY BREAKDOWN LEVERAGE INDICATORS As of September, 30th 2009 (USD mn)As of September, 30th 2009 5% (143.7) 190.9 47.2 95% Total Debt Cash & Equivalents Net Debt USD Denominated R$ Denominated 13
  • 14. Investor Relations Felipe Gutterres Sandra CalcadoCFO of the Brazilian subsidiary, Legal Representative & CFO f h B ili b idi L lR i & Investor Relations Manager I R l i M Investor Relations E‐mail: sandra.calcado@wilsonsons.com.br Telephone: + 55 (21) 2126‐4222 Telephone: + 55 (21) 2126‐4263 IR website: Alexandre Beltrão www.wilsonsons.com/ir Investor Relations Coordinator E‐mail: alexandre.beltrao@wilsonsons.com.br Telephone: + 55 (21) 2126‐4107 IR e‐mail address: ri@wilsonsons.com.br ri@wilsonsons com br
  • 15. Q3 and YTD 2009 EarningsConference Call and WebcastConference Call and Webcast November 2009

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