Earnings%20 Release%201 Q09%20 %20 Presentation


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Earnings%20 Release%201 Q09%20 %20 Presentation

  1. 1. Earnings Release 1Q09 1
  2. 2. Disclaimer: This presentation contains forward-looking statements relating to the business outlook, operating and financial projections, and the growth prospects of Tempo Participações S.A. These statements merely represent projections and as such are based exclusively on Management’s expectations about the future of the business. Such forward-looking statements depend substantially on changes in market conditions, the performance of the Brazilian economy, the industry and international markets, and therefore are subject to change without prior notice. 2
  3. 3. About Tempo 3
  4. 4. Highlights New Assistance Contracts: Tempo signed news contracts with Minas Brasil (Zurich Group) and Banco do Brasil; Stock Buyback Program: In 1Q09, Tempo purchased 2,6MM TEMP3 shares representing a R$7,5MM investment; EBITDA: Posted a solid growth of 10,7% QoQ, reaching R$18MM; EBITDA Margin: Increase of 1,1 p.p. QoQ at 10,4% margin. 4
  5. 5. Tempo Consolidated 5
  6. 6. Health Segment Beneficiaries (in Millions) Soft growth of 2,2% in the Health Segment´s beneficiaries base. Net Revenues (in R$Million) Higher medical utilization by our clients had a positive impact in net revenues. 6
  7. 7. Health Segment Cost of Rendered Services (in R$Million) SG&A Expenses (in R$Million) EBITDA (in R$Million) Higher medical utilization by Gama Saúde Clients (worsened ebitda margin) Processes internalization in Gama Saúde to improve its service level Efectiva increase in loss ratio driven by integration & investments to improve the7 service provided
  8. 8. Dental Segment Beneficiaries (in Millions) Strong growth in total lives covered reaching 849 thousand lives. 8
  9. 9. Dental Segment Net Revenues (in R$Million) The Dental Segment in the 1Q09 grew 68,4% QoQ, showing significant gains directly correlated with its growing beneficiary base. 9
  10. 10. Dental Segment Cost of Rendered Services (in R$Million) Through M&A activity, Tempo changed its Dental business model, impacting its loss ratio profile Dental loss ratio track record 10
  11. 11. Dental Segment Selling, General & Administrative Expenses (in R$Million) SG&A had a determinant impact driven by M&A activity in 2008. SME clients and Affinity channel demand higher investments in brokerage fee and commissions EBITDA (in R$Million) Increase of 22,9% in the Dental Segment´s EBITDA reaching R$5,0MM. Ebitda margin impacted by SG&A expenses 11
  12. 12. Assistance Segment Items (in Millions) Assistance 1Q09 impacted by Bradesco contract termination. Net Revenues (in R$Millions) Accounting changes translates in a increase in Net Revenues 12
  13. 13. Assistance Segment Costs of Rendered Services (in R$Million) Accounting changes translates in a increase in cost of rendered services Assistance Loss Ration Curve adjusted to accounting changes 13
  14. 14. Assistance Segment Selling, General & Administrative Expenses (in R$Million) Strong improvement in SG&A margin boosted by efficiency processes (5p.p. margin improvement). EBITDA (in R$Million) Robust growth in EBITDA, posting 25.3% growth over the same period in 2008, despite the reduction in top-line. 14
  15. 15. CAPEX CAPEX Tempo ended 1Q09 with CAPEX at R$1,9 Million representing 10,6% of Adjusted EBITDA. 15
  16. 16. Buyback Program & TEMP3 16
  17. 17. Tempo Participações Investors Relations +55 -11 - 4208 – 8025 ri@tempopar.com.br 17