3 t09 inglês 091109

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3 t09 inglês 091109

  1. 1. 1
  2. 2. 3Q09 Earnings Results Presentation 11/11/2009 2
  3. 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. 4. Accounting Changes In compliance with CVM Official Letter CVM/SNC/SEP 2/2009, the information for the quarter ended September 30, 2008 (3Q08), 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 3Q09. The quarterly information is presented in thousands of Reais, except when otherwise stated. 4
  5. 5. I - Highlights Digite aqui o Título da Palestra Digite aqui o Nome do Palestrante e a Data 5
  6. 6. I - Highlights Total traffic volume on our toll road concessions in 3Q09 fell by 0.6% year-on-year, to 15.615 million equivalent vehicles. Handled container volume increased by 27.0% over 3Q08 to 111,909 TEUs. Consolidated Gross Operating Revenue climbed by 24.2% year-on-year, to R$105.915 million. Adjusted EBITDA totaled R$56.878 million in 3Q09, 22.1% up on 3Q08. Net income came to R$9.641 million, versus a net loss of R$33.455 million in 3Q08. 6
  7. 7. I - Highlights On July 14, Rio Verde’s unit 1 turbine rotor was lowered into place one day ahead of schedule. On July 23, Iceport was included in the Cold Store category of establishments authorized to export to EU member countries. On July 29, Iceport was granted a license to stock meat and byproducts, subject to preestablished cargo storage conditions, for export to Russia. On August 26, Concer’s annual tariff adjustment of 4.5% was authorized. On September 29, Rio Verde sold all the energy produced by the 116 MW Salto hydro Plant between the start-up of commercial operations and the beginning of the long-term Power Purchase Agreement with Votener to CEMIG Geração e Transmissão S.A. for R$6.230 million. 7
  8. 8. I – Subsequent Events On October 2, Triunfo entered into an agreement with Companhia de Navegação Norsul to acquire 100% of NTL, a company whose sole asset is a container ship. On October 9, the Company began a capital increase within the limits of authorized capital established in the Bylaws. On October 16, Triunfo and its subsidiary Portonave announced that the Itajaí Port authority had updated the port’s operational parameters, reestablishing the conditions in effect before the silting up of the Itajaí-Açú River in November 2008. On October 26, Concepa’s 7.3% tariff adjustment was authorized. 8
  9. 9. II – 3Q09 Results Digite aqui o Título da Palestra Digite aqui o Nome do Palestrante e a Data 9
  10. 10. II – 3Q09 Results Traffic – Equivalent Vehicles (‘000) 15,750 15,700 15,707 -0.6% 15,650 15,600 15,616 15,550 15,500 15,450 15,400 15,350 15,300 3Q08 3Q09 10
  11. 11. II – 3Q09 Results Traffic – Equivalent vehicles in the concessionaries (‘000) 10,000 9,000 8,000 1.1% 7,000 6,000 -0.8% 6,240 6,306 6,214 6,166 3Q08 3Q09 3Q08 3Q09 5,000 -3.4% 4,000 3,000 3,253 3,144 2,000 1,000 3Q08 3Q09 ECONORTE CONCER CONCEPA 11
  12. 12. II – 3Q09 Results Container Handling - TEUs (‘000) 120,000 27.0% 111,909 100,000 80,000 88,085 60,000 40,000 20,000 3Q08 3Q09 12
  13. 13. II – 3Q09 Results Gross Revenue from Operations (R$ ‘000) 105,000 101,915 100,000 35.4% 95,000 90,000 85,000 85,295 80,000 75,000 3Q08 3Q09 13
  14. 14. II – 3Q09 Results Operating Costs (R$ ‘000) Net – Depreciation / Amortization 30,000 33.6% 25,000 25,071 20,000 18,760 15,000 10,000 5,000 3Q08 3Q09 14
  15. 15. II – 3Q09 Results Operating Expenses (R$ ‘000) Net – Depreciation / Amortization 18,000 38.7% 16,000 16,767 14,000 12,000 12,089 10,000 8,000 6,000 4,000 2,000 3Q08 3Q09 15
  16. 16. II – 3Q09 Results Adjusted EBITDA (R$ ‘000) 60,000 22.1% 56,878 50,000 46,587 40,000 30,000 20,000 10,000 3Q08 3Q09 16
  17. 17. II – 3Q09 Results EBITDA Margin (%) 62.0% -1.2 p.p 60.0% 60.1% 58.9% 58.0% 56.0% 54.0% 52.0% 50.0% 3Q08 3Q09 17
  18. 18. II – 3Q09 Results Net Financial Results (R$ ‘000) 3Q08 3Q09 (5,400) (10,000) (20,000) -89.1% (30,000) (40,000) (50,000) (49,497) (60,000) 18
  19. 19. II – 3Q09 Results Net Loss / Profit (R$ ‘000) 15,000 10,000 9,641 5,000 3Q08 3Q09 (5,000) (10,000) (15,000) (20,000) (25,000) (30,000) (35,000) (33,455) (40,000) 19
  20. 20. III – Debt Net Debt (R$ ‘000) & Net Debt / EBITDA 800,000 3.6 795,161 780,000 3.55 6.6% 760,000 740,000 3.51x 745,622 3.5 3.45 3.44 x 720,000 3.4 2Q09 3Q09 20
  21. 21. IV – Capex Balance of Investments in Fixed Assets Assets on September 30, 2009 Total % Triunfo 151,603 8.6 Concer 385,388 21.9 Concepa 302,607 17.2 Econorte 221,618 12.6 Rio Verde 445,308 25.3 Portonave 168,546 9.6 Outros Investimentos 86,695 4.9 1,761,765 100 Total 21
  22. 22. IV – Capex Investment in Fixed Assets Fixed Assets on 3Q09 Total % Triunfo 1,983 2.6 Concer 5,684 7.4 Concepa 6,729 8.7 Econorte 5,868 7.6 Rio Verde 53,566 69.5 Portonave 1,300 2.4 Outros Investimentos 1,903 4.2 77,033 100 Total 22
  23. 23. www.triunfo.com www.tpisa.com.br Rua Olimpíadas 205 14º Triunfo 1402 CEP 04551-000 São Paulo SP BR andar cj. S ão Paulo Rua Olimpíadas 205 Fax 55 cj. 2169 Fone 55 11 2169 3999 14º andar 11 1402 3939 CEP 04551-000 São Paulo SP BR Fone 55 11 2169 3999 Fax 55 11 2169 3969 23

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