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2Q14 Results Presentation

2Q14 Results Presentation

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2Q14 Results Presentation

  1. 1. August 14 2014 Presentation of Results 2nd quarter 2014
  2. 2. 2 Automotive market in 2Q14 had a significant decrease in sales and production, impacting the Company's results Tegma entered into a Sale and Purchase Agreement related to the sale of its subsidiary Direct Express to 8M, a B2W subsidiary Continued commitment to improving processes Tegma Highlights Strategic considerations for positioning the Integrated Logistics Division
  3. 3. 1,032.6 802.2 230.4 978.0 740.8 237.2 Consolidado Automotivo Logística Integrada 565.2 449.7 115.5 504.3 387.7 116.6 Consolidado Automotivo Logística Integrada Gross Revenue (million of R$) 3 -10.8% +0.9% -5.3% -7.7% +3.0% Consolidated Automotive Integrated Logistics Consolidated Automotive Integrated Logistics 2Q13 2Q14 1H13 1H14 2Q13 2Q14 1H13 1H14 2Q13 2Q14 1H13 1H14 -13.8%
  4. 4. 634.9 117.4 46.6 642.3 80.0 18.4 Veículos Peças Serviços Logísticos 373.2 64.1 10.9 347.2 36.0 4.5 Veículos Peças Serviços Logísticos Gross Revenue | Automotive Division (million of R$) 4 -31.9% -60.4% -7.0% -58.4% Vehicles Autoparts Logistics Services Vehicles Autoparts Logistics Services 2Q13 2Q14 1H13 1H14 2Q13 2Q14 1H13 1H14 2Q13 2Q14 1H13 1H14 -43.7% +1.2%
  5. 5. 45.2 11.6 28.2 57.4 16.2 28.2 Leve Armazenagem geral Químicos 8.1 14.0 7.5 2.8 6.0 5.9 Pesado Dedicado Armazenagem alfandegada Gross Revenue | Integrated Logistics Division (million of R$) 5 +0.1% -65.4% -57.3% -21.4% 2Q13 2Q14 2Q13 2Q14 Lightweight General Warehouse Chemical Heavy Dedicated Bonded Warehouse 2Q13 2Q14 2Q13 2Q14 2Q13 2Q14 2Q13 2Q14 +27.0% +39.4%
  6. 6. 61.8 94.3 (32.5) 68.8 77.1 (8.3) Consolidado Automotivo Logística Integrada -17.4% -4.4% 14.4% 12.9% 7.4% 8.8% 41.8 57.0 (15.2) 38.2 42.8 (4.7) Consolidado Automotivo Logística Integrada 2Q13 2Q14 -16.2% -5.0% 15.5% 13.7%9.1% 9.4% Adjusted EBITDA (million of R$) 6 +11.3% -18.2% -74.4% -24.9% -69.4% 2Q13 2Q14 2Q13 2Q14 1H13 1H14 1H13 1H14 Consolidated Automotive Integrated Logistics Consolidated Automotive Integrated Logistics EBITDA Mg (%) 1H13 1H14 -8.7%
  7. 7. 8.8 6.3 (4.3) (4.3) (17.3) (15.2)(10.9) (8.7) (3.7) (4.7) 8.5% 5.5% -3.3% -3.4% -18.5% -16.2% -11.6% -8.2% -3.9% -5.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% -20.0 -15.0 -10.0 -5.0 0.0 5.0 10.0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 32.7 39.5 55.6 43.8 37.3 57.0 60.1 51.3 34.3 42.8 13.7% 14.6% 17.4% 13.4% 13.1% 15.5% 16.1% 14.3% 12.1% 13.7% -2.0% 3.0% 8.0% 13.0% 18.0% 23.0% 28.0% 33.0% -8.0 2.0 12.0 22.0 32.0 42.0 52.0 62.0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 41.5 45.8 51.3 39.5 20.1 41.8 49.3 42.5 30.6 38.2 12.1% 11.9% 11.4% 8.7% 5.3% 9.1% 10.5% 9.1% 8.1% 9.4% -2.0% 3.0% 8.0% 13.0% 18.0% 23.0% 28.0% 33.0% -8.0 2.0 12.0 22.0 32.0 42.0 52.0 62.0 72.0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Adjusted EBITDA (million of R$) 7 Consolidated Automotive Integrated Logistics EBITDA Mg (%)
  8. 8. 4.0 4.8 8.6 6.4 (4.7) (1.3) (1.3) 1.5 (0.9) 4.8 7.5% 8.0% 14.4% 10.6% -9.7% -2.6% -3.0% 3.1% -2.1% 10.9% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% -20.0 -15.0 -10.0 -5.0 0.0 5.0 10.0 15.0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 32.7 39.5 55.6 43.8 37.3 57.0 60.1 51.3 34.3 42.8 13.7% 14.6% 17.4% 13.4% 13.1% 15.5% 16.1% 14.3% 12.1% 13.7% -2.0% 3.0% 8.0% 13.0% 18.0% 23.0% 28.0% 33.0% -8.0 2.0 12.0 22.0 32.0 42.0 52.0 62.0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 36.7 44.3 64.2 50.2 32.6 55.7 58.8 52.8 33.4 47.6 12.6% 13.4% 16.9% 13.0% 9.8% 13.3% 14.1% 12.9% 10.2% 13.4% -2.0% 3.0% 8.0% 13.0% 18.0% 23.0% 28.0% 33.0% -8.0 2.0 12.0 22.0 32.0 42.0 52.0 62.0 72.0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Adjusted EBITDA Excluding Direct (million of R$) 8 Consolidated Automotive Integrated Logistics EBITDA Mg (%)
  9. 9. 16,2 20,6 1S13 1S14 3,3% 4,8% 15,2 19,3 2T13 2T14 1,9% 2,6% Net Income|(million of R$) 9 2Q14 1S14 before extraordinary effects related to the sale of Direct Express 15.2 19.3 2.6% 1.9% 16.2 20.6 4.8% 3.3% 2Q142Q13 1H141H13 26.7 26.9
  10. 10. 61% 58% 70% 84% 94% 39% 42% 30% 16% 6% 2Q13 3Q13 4Q13 1Q14 2Q14 Long Term Short Term 279 276 280 274 311 1.8 X 1.8 X 1.8 X 1.7 X 1.9 X 1.8 X 0 50 100 150 200 250 300 350 2Q13 3Q13 4Q13 1Q14 2Q14 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2 Net Debt Debt Profile 10 Indebtedness |(million of R$) 285 CDI + 1.24% Average cost of Debt Ba2 Moody´s Rating 93% of debts expiring after 2016
  11. 11. 20.7 8.2 14.8 9.3 12.0 7.7 16.2 3.8 5.0 6.8 6.1% 2.1% 3.3% 2.1% 3.2% 1.7% 3.5% 0.8% 1.4% 1.7% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 CAPEX % Net Revenue 11 Capital Expenditure|(million of R$)
  12. 12. Contatos de RI Fabio Carvalho – CEO DRI +55 (11) 4346-2532 fabio.carvalho@tegma.com.br Ian Nunes - GRI +55 (11) 4397-9423 ian.nunes@tegma.com.br 12
  13. 13. August 14 2014 Presentation of Results 2nd quarter 2014

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