This document contains the 1Q11 earnings results presentation for TPI - Triunfo Participações e Investimentos S.A. Some key highlights include:
- Total traffic volume on toll road concessions increased 8.8% in 1Q11 compared to 1Q10.
- Handled container volume totaled 124,228 TEUs, down 8.4% from 1Q10.
- Gross revenue increased 40.6% to R$205,646 in 1Q11 over the same period last year.
- EBITDA grew 22.0% to R$89,468 in 1Q11, though the EBITDA margin declined 5.5 percentage points.
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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.
Forward-Looking Statements
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I - Highlights
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I - Highlights
Total traffic volume on our toll road concessions increased 8.8% in 1Q11 compared to 1Q10,
reaching 19,793 thousand equivalent vehicles.
Handled container volume totaled 124,228 TEUs.
Electricity output in 1Q11 generated revenue of R$24,024 from sale of electricity.
Gross revenue increased 40.6% in 1Q11 over the same period last year, reaching R$205,646.
EBITDA grew 22.0% to R$89,468 in 1Q11.
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I - Highlights
Net income reached R$8,585, generating a dividend calculation base of R$25,187.
On February 2, Rio Canoas Energia obtained the Environmental Installation License.
On February 14, Iceport resumed its operations, which had been suspended since November
12, 2009, when a fire destroyed the facility.
On March 2, the Federal Supreme Court rejected the request from the State of Paraná and the
Federal Prosecution Office regarding the suspension of toll collection by Econorte,
underlining the legitimacy of the Concession Agreement.
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I – Subsequent Events
On April 5, 2011, the Brazilian Institute of Environment and Renewable Natural Resources
(IBAMA) issued the preliminary license for the Brites Port Terminal.
On May 3, Fitch Ratings assigned the Company the Long-Term National Rating "A+ (bra)"
with a Stable Outlook.
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II – 1Q11 Results
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867,567
885,559
2.80 x
2.66 x
1,50 x
2,00 x
2,50 x
3,00 x
3,50 x
-
100.000
200.000
300.000
400.000
500.000
600.000
700.000
800.000
900.000
4Q10 1Q11
Net Debt (R$ ‘000) & Net Debt / EBITDA
III – Debt
2.1%
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IV – Capex
Balance of Investments in Fixed Assets
Total %
Triunfo 56,155 2.6%
Concer 400,343 18.7%
Concepa 320,230 14.9%
Econorte 234,678 10.9%
Portonave 805,372 37.5%
TPI-Log8 118,861 5.5%
Santa Rita9 9,581 0.4%
TBP10 70,200 3.3%
NTL11 43,344 2.0%
Vessel-Log12 36,636 1.7%
Other Investments 54,189 2.5%
2,149,589 100.0%
BALANCE OF INVESTMENTS IN FIXED ASSETS IN 2011
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IV – Capex
Investment in Fixed Assets
1Q11 %
Triunfo 4,659 7.3%
Concer 5,220 8.2%
Concepa 21,796 34.1%
Econorte 1,520 2.4%
Portonave 1,508 2.4%
Rio Canoas 15,833 24.8%
Vessel-Log 4,592 7.2%
NTL 7,659 12.0%
Other Investments 1,090 1.7%
63,877 100.0%
Rio Verde 20 0.0%
Capex with Rio Verde 63,897
INVESTMENTS IN FIXED ASSETS IN 2011
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www.tpisa.com.br
Triunf o São Paulo
RuaOlimpíadas20514ºandarcj.1402
CEP04551-000SãoPauloSPBR
Fone551121693999
Fax551121693969
Rua Olimpíadas 205 14º andar cj. 1402 CEP 04551-000 São Paulo SP BR
Fone 55 11 2169 3999 Fax 55 11 2169 3939
www.triunfo.com