Tegma presented its 1st quarter 2013 results, with consolidated net revenue increasing 6.3% to R$378.8 million driven by growth in the automotive operations division. However, adjusted EBITDA declined 51.7% and net income fell 69.6% due to changes in revenue mix and increased operational structure costs. The automotive logistics segment grew revenues 19.9% but saw EBITDA margins decline 0.6 percentage points. Meanwhile, the integrated logistics division reported a 10.1% revenue decrease and significantly wider EBITDA losses as sales declined.

1. May 16nd, 2013
Presentation of Results
1th Quarter 2013

2. Agenda
• Recent Events
• Financial Results
• Q&A
2

3. Recent Events
Payment of Supplementary Dividends
3
• On April 30, 2013 was approved the distribution of additional dividends for the
year 2012;
• We carry the payment on the May 13th in the amount of R$ 30 million, or
approximately R$0.45 per share;

4. Recent Events
Application of CPC´s 18/19/36 | Impacts on Tegma
4
• In 2012 the Accounting Pronouncements Committee (CPC) issued, among others,
statements 18, 19 and 36, which state that jointly controlled entities are recorded in the
financial statements by the equity method;
• With the adoption of these new accounting pronouncements in the 1st quarter of 2013, the
Company ceased to consolidate proportionally controlled Tegma Venezuela SA and
Catlog Logistica;
• In the following slides, the information of 2013 already include this new criteria and 2012
have been adjusted to the same basis of comparison.

5. 41.5
20.0
1Q12 1Q13
Consolidated Results
Net Revenue and EBITDA - R$ million
342.1
378.8
1Q12 1Q13
10.8%
5
DRIVEN GROWTH AUTOMOTIVE
OPERATIONS DIVISION, AND FEATURED
VEHICLE PARTS.
Adjusted EBITDA Margin
Net Revenue
EBITDA-A
Adjusted EBITDA
DECLINE IN MARGINS DUE TO THE
REVENUE MIX AND THE INCREASE OF
STRUCTURE IN ORDER TO SUPPORT THE
GROWTH
14.0%
12.1% 6..3%
11.2%
-51.7%

6. 32.7
37.3
1Q12 1Q13
238.3
285.6
1Q12 1Q13
Segments Highlights
Automotive Logistics – R$ million
Net Revenue of R$ 285.6 million (+19.9 vs 1Q12).
 Growth of 10.7% in number of vehicles transported
to market on-year;
 Growth of 4.7% in the average distance in the
domestic market;
 Increase of 11.2% in revenue from auto parts
logistics;
19.9%
14.2%
6
EBITDA of R$ 37.3 million (14.2% vs 1Q13), with margin of
13.1% (-0.6 p.p vs 1Q12).
INCREASE IN THE VOLUME AND AVERAGE DISTANCE IN LOGISTICS BUSINESS VEHICLE
BOOST GROWTH DIVISION
1Q13
Net Revenue
Adjusted EBITDA

7. 103.8
93.2
1Q12 1Q13
Segments Highlights
Integrated Logistics – R$ million
-10.1%
7
INCREASE OPERATIONAL STRUCTURE AND FALL IN SALES
IMPACTED MARGINS OF DIVISION.
1Q13 Net Revenue of R$ 93.2 million (-10.1% vs 1Q12).
• Increase of 48.0% in gross revenue from e-commerce
• Drop of 54% in sales of Electronics and
Telecommunications of discontinuity resulting
contracts;
• Drop of 42% in sales of Bonded Warehousing
due to the change in the rule of FUNDAP.
EBITDA of R$ -17.3 million (-296.5% vs 1Q12), with
margin of -18.6% (-27.1 p.p vs 1Q12).
Net Revenue
Adjusted EBITDA
8.8
-17.3
1Q12 1Q13
-296.5%

8. Consolidated Results
Net Income - R$ million
NET INCOME IMPACTED BY OPERATIONAL RESULTS
8
13.9
4.2
1Q12 1Q13
-69.6%
1Q13

9. 202
226
213
227 233
0.8 X 0.9 X 1.1 X 1.0 X 1.4 X
-10,000.0
-8,000.0
-6,000.0
-4,000.0
-2,000.0
0.0
0
50
100
150
200
250
1Q12 2Q12 3Q12 4Q12 1Q13
Consolidated Results
Cash and Equivalents – R$ million
Net Debt/EBITDA
/EBITDA 12 months
Debt Profile
39%
61%
ST LT
9

10. IR Contacts
Alexandre Brandão
+55 (11) 4346-2532
alexandre.brandao@tegma.com.br
Ian Nunes
+55 (11) 4397-9423
ian.nunes@tegma.com.br

11. The forward-looking statements contained in this report are subject to risks and uncertainties.
Such forward-looking statements are based on the management’s beliefs and assumptions and
information currently available to the Company. Such statements include information about our
current plans, beliefs or expectations, as well as those of the Board of Directors and Board of
Executive Officers.
These reservations concerning forward-looking statements also apply to information on our
possible or presumed operating results, as well as declarations preceded by, including or
followed by such words as "believe," "may," "will," "continue," "expect," "foresee," "intend,"
"plan," "estimate" and other similar expressions.
Forward-looking statements are not guarantees of performance; Since they refer to the future,
they depend on circumstances that may or may not occur and are therefore subject to risks,
uncertainties and assumptions. Future results may differ materially from those expressed or
suggested by said forward-looking statements. These results and amounts depend on many
factors beyond TEGMA’s control or expectations.
11
Disclaimer

12. May 16nd, 2013
Presentation of Results
1th Quarter 2013