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2Q08Results Conference Call Presentation
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2Q08Results Conference Call Presentation

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  • 1. Earnings release 2Q08 August 15, 2008
  • 2. Business segments Assistance Health Segment Dental Segment Services  Dental HMO  Healthcare Administration Services  Assistance Services  Ranking: #1  Ranking: #4  Ranking: #1  Number of lives: 1.37 million  Number of lives: 695 thousand  Number of items: 19.3 million  No underwriting risk. Fee business  Underwriting of frequency risk  Underwriting of frequency risk only. Shared structure Network management – Contact Center – Claims processing 2
  • 3. Recent events ACQUISITION DENTAL – Tempo announced on June 9, 2008 the acquisition of Prevdonto (Plano de Assistência Odontológica Unidonto Ltda.), a dental benefit plan company that offers services to approximately 130 thousand beneficiaries in the northern part of Brazil. ACQUISITION HEALTH – Tempo announced on June 6, 2008 the acquisition of a home care company called Staff Builders. This acquisition made Tempo the leader in the home care market. Tempo then created Efectiva Saúde Gerenciada in order to consolidate the HomeCare business as one company. CONTRACT WITH MARÍTIMA SEGUROS - On June 12, 2008, Tempo and Marítima Seguros finalized a service providing contract in the Specialized Assistance Segment. Through this contract, Tempo will offer its Specialized Assistance services to over 500,000 insured items pertaining to Marítima. 3
  • 4. FINANCIAL AND OPERATING PERFORMANCE
  • 5. Tempo posts 87.2% increase in EBITDA Earnings - Tempo (R$MM) Net Revenue - Tempo (R$MM) EBITDA - Tempo (R$MM) 11.2% 7.5% 16,5 18,9 169,0 134,1 7,2 10,1 2Q07A 2Q08A 2Q07A 2Q08A 2Q07A 2Q08A EBITDA EBITDA margin NET REVENUES EBITDA EARNINGS Economies of scale and Solid volume growth in all synergies continue to boost Low effective tax rate and business segments margins financial results improved Earnings 5
  • 6. Health segment EBITDA- Health (R$MM) Net Revenue - Health (R$MM) General and Administrative Expenses - Health (R$MM) 15,5% 8,0% 13,9% 3,6% 7,9 99,0 13,8 11,2 72,6 2,6 2Q07A 2Q08A 2Q07A 2Q08A 2Q07A 2Q08A General and Administrative Expenses Expense Margin EBITDA EBITDA margin REVENUES SG&A EBITDA Revenue growth driven by Dilution continues EBITDA powered by growth lives increase and Home and M&A Care acquisition 6
  • 7. Dental segment: 2008 pro forma results Net Revenue- Dental (R$MM) Cost of Rendered Services - Dental (R$MM) EBITDA - Dental (R$MM) 55,7% 24,7% 46,0% 17,9% 18,2 4,5 11,9 5,4 3,4 1,0 2Q07A 2Q08A 2Q07A 2Q08A 2Q07A 2Q08A Cost of Rendered Services Loss Ratio (%) EBITDA EBITDA margin REVENUES LOSS RATIO EBITDA Strong top line growth Significant improvement in Continues EBITDA margin powered by M&A and solid loss ratio expansion organic growth All figures in this slide take into consideration the acquisitions made in 2007 and consolidated into the Company's financials starting January 1st, 2008 even though they were waiting for approval by ANS. 7
  • 8. Strong combination between organic and M&A growth Growth Profile - dental segment Growth Breakdown - Dental Segment 23% 31% 47% 202% 20% Organic Through Acquisitions Acquisitions 07 Acquisitions 08 Annualized Organic ORGANIC GROWTH M&A GROWTH Organic growth Odonto Empresa: 220k accelerating retail sales OralTech: 30k channel Fleming: 35k Prevdonto: 130k 8
  • 9. Assistance Services segment Net Revenue - Assistance (R$MM) Loss Ratio - Assistance Segment 52,1% 50,4% 50,4% 49,7% 47,1% 58,8 45,9% 56,2 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2Q07A 2Q08A 2007 2008 REVENUE LOSS RATIO CURVE Items grew 13% with a Same shape confirms the lower ticket Trend 9
  • 10. Assistance Services segment EBITDA - Assistance (R$ MM) General and Adm. Expenses- Assistance(R$MM) 14,4% 35,9% 11,7% 30,2% 8,5 20,2 6,6 17,8 2Q07A 2Q08A 2Q07A 2Q08A Expense Margin General and Administrative Expenses EBITDA EBITDA margin SG&A and EBITDA Economies of scale and synergies sustaining EBITDA expansion 10
  • 11. Asset Light Operation Capex vs EBITDA (in R$ million) 15% 11% 9% 8% 55,0 EBITDA 37,6 CAPEX 32,3 30,2 % 5,1 5,0 4,0 2,5 2005 2006 2007 1H/08 11
  • 12. Investors Relations Phone: +55 11 4208-8069 E-mail: ri@tempopar.com.br www.tempopar.com.br/ri