1) OHL Brasil held a conference call to discuss 3Q09 earnings results and provide projections.
2) Traffic performance was down 1.7% for state concessions but toll tariffs increased by 3.6%. Federal concessions saw traffic increase 28.5% while tariffs decreased slightly.
3) Net revenue for 3Q09 was R$127.6 million for federal concessions, higher than projected. The forecast for 4Q09 was revised down due to delays in opening a toll plaza.
OHL Brasil held a conference call on November 13th, 2009 to discuss 3Q09 earnings results. The presentation contained forward-looking statements regarding OHL Brasil's expectations for business growth that depend on changes in market conditions and the Brazilian economy. It summarized key performance metrics for OHL Brasil's state and federal toll road concessions, including traffic volumes, toll rates, revenue, EBITDA and operating costs. EBITDA for the quarter increased 35% year-over-year due to higher revenues from toll roads entering operation and stable operating expenses.
The document provides a summary of OHL Brasil's 2Q10 earnings results conference call. It includes information on traffic evolution, toll tariffs, net revenue, EBITDA and margins, and financial results for various concessions compared to previous periods. Key highlights include an 11-12% increase in traffic across state concessions, EBITDA growth of 41.9% year-over-year, and a financial result impacted by a 110.1% increase in financial revenues but also higher financial expenses of 31.9%.
This document provides an overview of OHL Brasil's 2010 earnings results conference call. It includes information on traffic levels, toll tariffs, revenues, costs, EBITDA, financial results, and debt levels. Key points include a 13.6% increase in state concession traffic and a 42.8% increase in federal concession traffic compared to 2009. Net revenue grew 18.1% to over R$2 billion while adjusted EBITDA increased 39.2% to R$942 million. Net income grew 33.8% to R$304 million. Gross indebtedness increased but leverage ratios improved.
This document provides a summary of OHL Brasil's 4Q09 earnings conference call. It includes information on traffic performance and average toll tariffs for state concessions, traffic and tariff details for federal concessions, net revenue evolution by concessionaire, and EBITDA and margin details. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions compared to 4Q08. EBITDA margin was 61.6% excluding federal concessions.
The document provides financial results and traffic data for OHL Brasil for the first quarter of 2010. Some key points:
- Total traffic increased 11.6% compared to the first quarter of 2009 across state concessions and 195.7% across federal concessions.
- Net revenue increased 54.4% overall compared to the first quarter of 2009, with strong growth across all concessions.
- EBITDA was R$202.9 million for the quarter, a 114.5% increase over the first quarter of 2009, with an EBITDA margin of 60.3%.
- Net income was R$56.4 million for the quarter compared to a net loss in the prior year period
The document summarizes OHL Brasil's 4Q08 earnings results conference call. Key points include:
- Traffic increased 2.6% in state concessions year-over-year. Toll revenue grew 16.3% and adjusted EBITDA increased 21% year-over-year.
- Net income was R$46.4 million, up 112.4% from 4Q07. Toll collection began on three federal concessions.
- Financial expenses fell 63.9% from 3Q08. Leverage was maintained at 1.1x adjusted EBITDA and debt maturities are well spaced out through 2027.
OHL Brasil held a conference call to discuss its 1Q11 earnings results. The document provides an overview of key performance metrics for OHL Brasil including traffic growth, toll tariffs, gross service revenue, EBITDA, and financial results for the quarter. Traffic on OHL Brasil's state and federal concessions grew 20.3% and 18.5% respectively in 1Q11 compared to 1Q10. Gross service revenue increased 19.3% to R$601.6 million in 1Q11 driven by toll revenue growth of 18.6%. EBITDA grew 15.9% to R$212.8 million in 1Q11 compared to 1Q10. The net financial result was negatively
1) OHL Brasil reported its financial results for 1Q12, with total tolled traffic increasing 6.1% year-over-year to 170.6 million vehicle-equivalents.
2) Adjusted EBITDA was R$258 million, down 1.4% year-over-year, with an adjusted EBITDA margin of 41.4%.
3) Net income was R$105 million, up 48% year-over-year.
4) OHL Brasil also announced a 1:5 share split and a memorandum of understanding between its
OHL Brasil held a conference call on November 13th, 2009 to discuss 3Q09 earnings results. The presentation contained forward-looking statements regarding OHL Brasil's expectations for business growth that depend on changes in market conditions and the Brazilian economy. It summarized key performance metrics for OHL Brasil's state and federal toll road concessions, including traffic volumes, toll rates, revenue, EBITDA and operating costs. EBITDA for the quarter increased 35% year-over-year due to higher revenues from toll roads entering operation and stable operating expenses.
The document provides a summary of OHL Brasil's 2Q10 earnings results conference call. It includes information on traffic evolution, toll tariffs, net revenue, EBITDA and margins, and financial results for various concessions compared to previous periods. Key highlights include an 11-12% increase in traffic across state concessions, EBITDA growth of 41.9% year-over-year, and a financial result impacted by a 110.1% increase in financial revenues but also higher financial expenses of 31.9%.
This document provides an overview of OHL Brasil's 2010 earnings results conference call. It includes information on traffic levels, toll tariffs, revenues, costs, EBITDA, financial results, and debt levels. Key points include a 13.6% increase in state concession traffic and a 42.8% increase in federal concession traffic compared to 2009. Net revenue grew 18.1% to over R$2 billion while adjusted EBITDA increased 39.2% to R$942 million. Net income grew 33.8% to R$304 million. Gross indebtedness increased but leverage ratios improved.
This document provides a summary of OHL Brasil's 4Q09 earnings conference call. It includes information on traffic performance and average toll tariffs for state concessions, traffic and tariff details for federal concessions, net revenue evolution by concessionaire, and EBITDA and margin details. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions compared to 4Q08. EBITDA margin was 61.6% excluding federal concessions.
The document provides financial results and traffic data for OHL Brasil for the first quarter of 2010. Some key points:
- Total traffic increased 11.6% compared to the first quarter of 2009 across state concessions and 195.7% across federal concessions.
- Net revenue increased 54.4% overall compared to the first quarter of 2009, with strong growth across all concessions.
- EBITDA was R$202.9 million for the quarter, a 114.5% increase over the first quarter of 2009, with an EBITDA margin of 60.3%.
- Net income was R$56.4 million for the quarter compared to a net loss in the prior year period
The document summarizes OHL Brasil's 4Q08 earnings results conference call. Key points include:
- Traffic increased 2.6% in state concessions year-over-year. Toll revenue grew 16.3% and adjusted EBITDA increased 21% year-over-year.
- Net income was R$46.4 million, up 112.4% from 4Q07. Toll collection began on three federal concessions.
- Financial expenses fell 63.9% from 3Q08. Leverage was maintained at 1.1x adjusted EBITDA and debt maturities are well spaced out through 2027.
OHL Brasil held a conference call to discuss its 1Q11 earnings results. The document provides an overview of key performance metrics for OHL Brasil including traffic growth, toll tariffs, gross service revenue, EBITDA, and financial results for the quarter. Traffic on OHL Brasil's state and federal concessions grew 20.3% and 18.5% respectively in 1Q11 compared to 1Q10. Gross service revenue increased 19.3% to R$601.6 million in 1Q11 driven by toll revenue growth of 18.6%. EBITDA grew 15.9% to R$212.8 million in 1Q11 compared to 1Q10. The net financial result was negatively
1) OHL Brasil reported its financial results for 1Q12, with total tolled traffic increasing 6.1% year-over-year to 170.6 million vehicle-equivalents.
2) Adjusted EBITDA was R$258 million, down 1.4% year-over-year, with an adjusted EBITDA margin of 41.4%.
3) Net income was R$105 million, up 48% year-over-year.
4) OHL Brasil also announced a 1:5 share split and a memorandum of understanding between its
The consolidated general budget for 2009 had total revenues of 156.6 billion lei, representing 31% of Romania's GDP for that year. Tax revenues accounted for the largest share at 88.3 billion lei or 17.5% of GDP. Social security contributions totaled 47.9 billion lei or 9.5% of GDP. Expenditures included 126.2 billion lei for payments and transfers. The budget deficit was 30.4 billion lei or 6% of GDP.
omnicom group Q4 2008 Investor Presentationfinance22
The document provides an investor presentation for Omnicom's fourth quarter 2008 results. It includes a summary of revenue, operating income, earnings per share, and revenue growth by discipline for both the fourth quarter and full year of 2008 compared to 2007. Overall, revenue declined 7.0% in the fourth quarter but grew 5.2% for the full year. Operating income declined more sharply than revenue in the fourth quarter. Earnings per share on both a basic and diluted basis declined in the fourth quarter but grew for the full year. Advertising revenue grew the most while public relations revenue declined.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2004. Key points include:
- Net income increased 37.9% to $895 million in 2004 due to improved results at Sempra Commodities and Sempra Generation.
- Major events in 2004 that impacted financial results included acquisitions, LNG business development, California energy crisis litigation, and regulatory decisions affecting utility rates.
- The California Utilities division saw higher natural gas revenues and costs due to rising gas prices, while electric revenues declined slightly as fuel and purchase costs rose.
Umpqua Holdings Corporation reported financial results for the third quarter of 2009. Key highlights included a net loss of $7.1 million and net loss available to common shareholders of $0.14 per share. Non-performing assets as a percentage of total assets declined slightly. Deposits increased $401 million during the quarter. The provision for loan losses was $52.1 million and net charge-offs totaled $47.3 million. The allowance for credit losses increased and the tangible common equity ratio improved.
The budget focuses on fiscal consolidation and boosting growth. It marginally increases tax deductions but also raises some taxes. Funding is enhanced for infrastructure through tax-free bonds and ECB changes. The power sector may benefit from coal duty exemptions and FSA commitments. However, the auto sector faces higher excise duties that could impact large carmakers. Key assumptions around GDP and oil prices make deficit targets optimistic. Overall policy measures only partially address issues around land, environment and state electricity boards.
Northrop Grumman reported financial results for Q1 2008. Earnings per share were reduced by $0.61 due to a shipbuilding charge. The dividend was increased to $0.40 per share and the company repurchased $600 million in stock. Despite the charge, new business awards totaled over $12 billion and the company maintained confidence in achieving 2012 financial targets of $42 billion in sales, 10% operating margin, and $8 EPS.
- CEMAR's billed energy volume increased 5.8% year-over-year in 3Q12. Energy losses decreased slightly while outage times increased slightly.
- Net operating revenues increased 30.4% in 3Q12 driven by CEMAR's growth and the Sol Energias merger. EBITDA grew 7.5% while net income grew 13.4%.
- Investments increased 45.5% in 3Q12 primarily due to higher spending at CEMAR and on the Light For All Program. CEMAR's debt maturity schedule shows debt is well spaced out over time. Net debt increased slightly but leverage remains moderate.
Computer Sciences Corporation (CSC) is an information technology services company that saw record revenues and earnings in fiscal year 1997. Some key events included winning $9 billion in new contracts, acquiring companies in the financial services and healthcare industries to expand its capabilities, and forming new vertical market organizations in financial services and healthcare. CSC also is well-positioned to help clients address the upcoming "Year 2000" computer issue. The company's chairman expressed optimism about CSC's prospects given its world-class offerings and talented employees.
The document summarizes the findings of a public expenditure tracking project in Ghana from 2010-2012. It found that while allocations to the water and sanitation sector increased overall, the Ghanaian government component of funding decreased while donor funding increased. Disbursements from the government were often delayed, creating challenges for sector agencies. Over the three years, the project faced difficulties getting information from some agencies and sustaining funding, but hopes to improve its impact going forward with renewed support.
The document summarizes key findings from the Civil Society Almanac 2010 regarding trends in UK voluntary sector funding and resources during and after the 2008 financial crisis and recession. It finds that [1] while the voluntary sector continued growing in organizations and income, the rate of expenditure growth slowed as fundraising became more difficult; [2] statutory funding remains the largest income source, particularly for large organizations, while smaller groups rely more on donations and earned income; and [3] resources remain heavily concentrated among the largest few organizations, though concentration does not appear to be worsening over time.
The consolidated general budget for January to April 2010 realized total revenues of 52,607.4 million lei, accounting for 9.8% of GDP. Total revenues consisted of current revenues of 50,315.8 million lei and social insurance contributions of 15,638.1 million lei. Fiscal revenues totaled 29,261.7 million lei and came primarily from profit tax of 4,646.7 million lei, payroll and income tax of 5,990.9 million lei, and VAT of 10,510.3 million lei.
We have lowered our forecasts for Trican Well Service Ltd. due to growing uncertainty in U.S. pressure pumping operations and lower expected activity levels. We now expect weaker results in Q1 and Q2 of 2012 compared to recent periods. However, we believe the pressure pumping market will remain robust long-term and require incremental capital investment. Our 12-month target price is lowered to C$23.00 from C$28.00 previously.
Clear Channel Communications reported second quarter 2004 results, with revenues of $2.5 billion, a 7% increase over second quarter 2003. Net income was $253.8 million with diluted earnings per share of $0.41. Excluding prior year gains, earnings per share grew 11%. The company will continue share repurchases and increased its quarterly dividend by 25%. Clear Channel expects full year 2004 operating income to increase by low double digits and earnings per share to increase by high teens to low twenties.
The document is a quarterly report filed with the SEC by four companies: Northern States Power Company (Minnesota and Wisconsin corporations), Public Service Company of Colorado, and Southwestern Public Service Company. It provides financial statements and other information for the quarter ended September 30, 2004. The report summarizes operating revenues, expenses, income, cash flows, and balance sheets for each company. It indicates that the companies meet SEC requirements to file a reduced disclosure Form 10-Q.
- The document summarizes the results of a 2Q13 earnings conference call for Arteris, a toll road operator in Brazil. It reported increased toll revenues and traffic volumes compared to 1Q13 and 2Q12. Adjusted EBITDA and net income were up for the quarter and half year period. Cash costs declined and margins increased. Total investments in road maintenance and infrastructure were lower in 2Q13 compared to prior periods. The company is on track to invest over R$1.3 billion in federal highways and R$140 million in state highways for 2013. Debt levels rose slightly but remained at comfortable ratios to cash flow.
OHL Brasil is the largest road operator in Brazil, managing over 3,000 km of toll roads and experiencing consistent growth through acquisitions and new projects. The company saw a 13.3% increase in net revenue for 1Q08 compared to 1Q07, as well as growth in traffic and average toll rates across most concessions, leading to a 16.5% rise in adjusted EBITDA. However, financial expenses increased and the monetary correction of fixed concession charges rose significantly, resulting in a higher net financial loss for 1Q08 versus 1Q07 and 4Q07.
The document summarizes OHL Brasil's 2Q08 earnings conference call. It discusses a 12.1% increase in traffic volume across its concessions. Adjusted EBITDA grew 24.7% to R$107.8 million in 2Q08, while net income increased 12.9% compared to the same period in 2007. It also notes changes in accounting practices required by new legislation and reviews key financial results including net revenue, EBITDA margins, and the financial result.
OHL Brasil is the second largest toll road operator in Brazil, operating 1,147 km of toll roads. In the third quarter of 2006, traffic grew 8.6% over the previous quarter and net services revenue increased 7.7%. Adjusted EBITDA was R$73.2 million with a margin of 66.9%. While net income declined 5.8% compared to the prior year third quarter, the company remains financially strong with continued investment in expanding and upgrading its toll road network.
The document provides a summary of OHL Brasil's 4Q09 earnings conference call. It discusses traffic performance, toll tariffs, net revenue, EBITDA margins, and financial results for OHL Brasil's state and federal highway concessions. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions. EBITDA margins were 61.6% in 4Q09. Financial expenses increased due to higher BNDES loans but the net financial result improved 25.3% from the previous quarter. Gross indebtedness was R$1,936 million and leverage ratios remained stable.
This document provides an overview of arteris, a Brazilian toll road company, and its new ownership structure with Abertis and Brookfield. Some key points:
1) arteris is Brazil's largest toll road operator by kilometers managed and has a presence in 5 key Brazilian states.
2) Abertis and Brookfield acquired arteris from OHL and now hold a 51% and 49% stake respectively.
3) Abertis is a world leader in transportation and telecom infrastructure and aims to generate value from arteris through its strong and recurrent cash generation.
- Traffic and toll revenue for OHL Brasil increased in 2Q11 compared to 1Q11 and 2Q10, driven by economic growth and infrastructure expansions. Toll revenue was up 19% year-over-year.
- EBITDA increased 11% quarter-over-quarter and 17% year-over-year to R$236 million in 2Q11, with margins of 37%. Adjusted EBITDA excluding maintenance provisions was up 7% and 20% to R$270 million.
- Strong results were achieved due to higher traffic and tolls from economic recovery and new infrastructure, though future performance depends on market conditions and economic growth.
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
The consolidated general budget for 2009 had total revenues of 156.6 billion lei, representing 31% of Romania's GDP for that year. Tax revenues accounted for the largest share at 88.3 billion lei or 17.5% of GDP. Social security contributions totaled 47.9 billion lei or 9.5% of GDP. Expenditures included 126.2 billion lei for payments and transfers. The budget deficit was 30.4 billion lei or 6% of GDP.
omnicom group Q4 2008 Investor Presentationfinance22
The document provides an investor presentation for Omnicom's fourth quarter 2008 results. It includes a summary of revenue, operating income, earnings per share, and revenue growth by discipline for both the fourth quarter and full year of 2008 compared to 2007. Overall, revenue declined 7.0% in the fourth quarter but grew 5.2% for the full year. Operating income declined more sharply than revenue in the fourth quarter. Earnings per share on both a basic and diluted basis declined in the fourth quarter but grew for the full year. Advertising revenue grew the most while public relations revenue declined.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2004. Key points include:
- Net income increased 37.9% to $895 million in 2004 due to improved results at Sempra Commodities and Sempra Generation.
- Major events in 2004 that impacted financial results included acquisitions, LNG business development, California energy crisis litigation, and regulatory decisions affecting utility rates.
- The California Utilities division saw higher natural gas revenues and costs due to rising gas prices, while electric revenues declined slightly as fuel and purchase costs rose.
Umpqua Holdings Corporation reported financial results for the third quarter of 2009. Key highlights included a net loss of $7.1 million and net loss available to common shareholders of $0.14 per share. Non-performing assets as a percentage of total assets declined slightly. Deposits increased $401 million during the quarter. The provision for loan losses was $52.1 million and net charge-offs totaled $47.3 million. The allowance for credit losses increased and the tangible common equity ratio improved.
The budget focuses on fiscal consolidation and boosting growth. It marginally increases tax deductions but also raises some taxes. Funding is enhanced for infrastructure through tax-free bonds and ECB changes. The power sector may benefit from coal duty exemptions and FSA commitments. However, the auto sector faces higher excise duties that could impact large carmakers. Key assumptions around GDP and oil prices make deficit targets optimistic. Overall policy measures only partially address issues around land, environment and state electricity boards.
Northrop Grumman reported financial results for Q1 2008. Earnings per share were reduced by $0.61 due to a shipbuilding charge. The dividend was increased to $0.40 per share and the company repurchased $600 million in stock. Despite the charge, new business awards totaled over $12 billion and the company maintained confidence in achieving 2012 financial targets of $42 billion in sales, 10% operating margin, and $8 EPS.
- CEMAR's billed energy volume increased 5.8% year-over-year in 3Q12. Energy losses decreased slightly while outage times increased slightly.
- Net operating revenues increased 30.4% in 3Q12 driven by CEMAR's growth and the Sol Energias merger. EBITDA grew 7.5% while net income grew 13.4%.
- Investments increased 45.5% in 3Q12 primarily due to higher spending at CEMAR and on the Light For All Program. CEMAR's debt maturity schedule shows debt is well spaced out over time. Net debt increased slightly but leverage remains moderate.
Computer Sciences Corporation (CSC) is an information technology services company that saw record revenues and earnings in fiscal year 1997. Some key events included winning $9 billion in new contracts, acquiring companies in the financial services and healthcare industries to expand its capabilities, and forming new vertical market organizations in financial services and healthcare. CSC also is well-positioned to help clients address the upcoming "Year 2000" computer issue. The company's chairman expressed optimism about CSC's prospects given its world-class offerings and talented employees.
The document summarizes the findings of a public expenditure tracking project in Ghana from 2010-2012. It found that while allocations to the water and sanitation sector increased overall, the Ghanaian government component of funding decreased while donor funding increased. Disbursements from the government were often delayed, creating challenges for sector agencies. Over the three years, the project faced difficulties getting information from some agencies and sustaining funding, but hopes to improve its impact going forward with renewed support.
The document summarizes key findings from the Civil Society Almanac 2010 regarding trends in UK voluntary sector funding and resources during and after the 2008 financial crisis and recession. It finds that [1] while the voluntary sector continued growing in organizations and income, the rate of expenditure growth slowed as fundraising became more difficult; [2] statutory funding remains the largest income source, particularly for large organizations, while smaller groups rely more on donations and earned income; and [3] resources remain heavily concentrated among the largest few organizations, though concentration does not appear to be worsening over time.
The consolidated general budget for January to April 2010 realized total revenues of 52,607.4 million lei, accounting for 9.8% of GDP. Total revenues consisted of current revenues of 50,315.8 million lei and social insurance contributions of 15,638.1 million lei. Fiscal revenues totaled 29,261.7 million lei and came primarily from profit tax of 4,646.7 million lei, payroll and income tax of 5,990.9 million lei, and VAT of 10,510.3 million lei.
We have lowered our forecasts for Trican Well Service Ltd. due to growing uncertainty in U.S. pressure pumping operations and lower expected activity levels. We now expect weaker results in Q1 and Q2 of 2012 compared to recent periods. However, we believe the pressure pumping market will remain robust long-term and require incremental capital investment. Our 12-month target price is lowered to C$23.00 from C$28.00 previously.
Clear Channel Communications reported second quarter 2004 results, with revenues of $2.5 billion, a 7% increase over second quarter 2003. Net income was $253.8 million with diluted earnings per share of $0.41. Excluding prior year gains, earnings per share grew 11%. The company will continue share repurchases and increased its quarterly dividend by 25%. Clear Channel expects full year 2004 operating income to increase by low double digits and earnings per share to increase by high teens to low twenties.
The document is a quarterly report filed with the SEC by four companies: Northern States Power Company (Minnesota and Wisconsin corporations), Public Service Company of Colorado, and Southwestern Public Service Company. It provides financial statements and other information for the quarter ended September 30, 2004. The report summarizes operating revenues, expenses, income, cash flows, and balance sheets for each company. It indicates that the companies meet SEC requirements to file a reduced disclosure Form 10-Q.
- The document summarizes the results of a 2Q13 earnings conference call for Arteris, a toll road operator in Brazil. It reported increased toll revenues and traffic volumes compared to 1Q13 and 2Q12. Adjusted EBITDA and net income were up for the quarter and half year period. Cash costs declined and margins increased. Total investments in road maintenance and infrastructure were lower in 2Q13 compared to prior periods. The company is on track to invest over R$1.3 billion in federal highways and R$140 million in state highways for 2013. Debt levels rose slightly but remained at comfortable ratios to cash flow.
OHL Brasil is the largest road operator in Brazil, managing over 3,000 km of toll roads and experiencing consistent growth through acquisitions and new projects. The company saw a 13.3% increase in net revenue for 1Q08 compared to 1Q07, as well as growth in traffic and average toll rates across most concessions, leading to a 16.5% rise in adjusted EBITDA. However, financial expenses increased and the monetary correction of fixed concession charges rose significantly, resulting in a higher net financial loss for 1Q08 versus 1Q07 and 4Q07.
The document summarizes OHL Brasil's 2Q08 earnings conference call. It discusses a 12.1% increase in traffic volume across its concessions. Adjusted EBITDA grew 24.7% to R$107.8 million in 2Q08, while net income increased 12.9% compared to the same period in 2007. It also notes changes in accounting practices required by new legislation and reviews key financial results including net revenue, EBITDA margins, and the financial result.
OHL Brasil is the second largest toll road operator in Brazil, operating 1,147 km of toll roads. In the third quarter of 2006, traffic grew 8.6% over the previous quarter and net services revenue increased 7.7%. Adjusted EBITDA was R$73.2 million with a margin of 66.9%. While net income declined 5.8% compared to the prior year third quarter, the company remains financially strong with continued investment in expanding and upgrading its toll road network.
The document provides a summary of OHL Brasil's 4Q09 earnings conference call. It discusses traffic performance, toll tariffs, net revenue, EBITDA margins, and financial results for OHL Brasil's state and federal highway concessions. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions. EBITDA margins were 61.6% in 4Q09. Financial expenses increased due to higher BNDES loans but the net financial result improved 25.3% from the previous quarter. Gross indebtedness was R$1,936 million and leverage ratios remained stable.
This document provides an overview of arteris, a Brazilian toll road company, and its new ownership structure with Abertis and Brookfield. Some key points:
1) arteris is Brazil's largest toll road operator by kilometers managed and has a presence in 5 key Brazilian states.
2) Abertis and Brookfield acquired arteris from OHL and now hold a 51% and 49% stake respectively.
3) Abertis is a world leader in transportation and telecom infrastructure and aims to generate value from arteris through its strong and recurrent cash generation.
- Traffic and toll revenue for OHL Brasil increased in 2Q11 compared to 1Q11 and 2Q10, driven by economic growth and infrastructure expansions. Toll revenue was up 19% year-over-year.
- EBITDA increased 11% quarter-over-quarter and 17% year-over-year to R$236 million in 2Q11, with margins of 37%. Adjusted EBITDA excluding maintenance provisions was up 7% and 20% to R$270 million.
- Strong results were achieved due to higher traffic and tolls from economic recovery and new infrastructure, though future performance depends on market conditions and economic growth.
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
This document summarizes the 3Q10 earnings results of OHL Brasil. It shows increases in vehicle traffic across OHL Brasil's state and federal road concessions compared to previous periods. Revenue, EBITDA, and net income all increased for 3Q10 compared to 2Q10 and 3Q09. The document also provides details on debt levels, financial results, and toll tariff information.
This presentation provides an overview of OHL Brasil's participation in the auction of federal toll roads in Brazil. OHL Brasil was successful in obtaining concessions for 5 lots totaling 2,078.8 km out of the 2,600.8 km auctioned. The presentation outlines OHL Brasil's organizational structure, history of acquisitions and expansion in Brazil, the timeline and details of the auction process, and projections for traffic, revenues, and returns on the toll road concessions won.
This document provides financial results for OHL Brasil for 4Q11, 2011, and comparisons to previous periods. Key points include:
- Tolled traffic grew 7.8% in 4Q11 and 14.3% in 2011 compared to previous periods due to new toll plazas and bi-directional collection.
- Toll tariffs grew 9.6% in 4Q11 and 3.7% in 2011 mainly due to inflation adjustments.
- Gross revenue grew with increases in toll plaza revenues and construction revenues.
- Adjusted EBITDA grew in 4Q11 and 2011 while margins remained stable, despite provisions for highway maintenance.
OHL Brasil reported strong financial results in 2005, with adjusted EBITDA growth of 15.1% and low debt levels. As the third largest toll road operator in Brazil, it operates over 900km of roads and saw traffic grow 3% compared to 2.3% GDP growth. The company is well positioned for future acquisitions and bidding processes given its financial strength and experience in the sector.
OHL Brasil is the largest road operator in Brazil, managing 3,226 km of toll roads. The company saw growth in 1Q08, with a 17.2% increase in traffic and 13.3% increase in net revenue. OHL Brasil plans to continue expanding through new public auctions and acquisitions, with opportunities expected in upcoming auctions in Sao Paulo and additional states. The company maintains its goal of growing its portfolio in the Brazilian toll road market.
OHL Brasil held a conference call to discuss its 2Q09 earnings results. During the quarter, 5 new toll plazas began operating in the company's federal concessions, bringing the total to 27 out of 29. Traffic grew significantly in the federal concessions due to the new openings. Net revenue increased 67.6% compared to 2Q08, reaching R$287.3 million, while adjusted EBITDA grew 32.8% to R$144.8 million. The company also received R$476.7 million from its BNDES bridge loan at the end of June.
This document summarizes OHL Brasil's 2Q08 earnings conference call. Key points include:
1) Traffic in OHL Brasil's concessions increased 12.1% in 2Q08. Adjusted EBITDA grew 24.7% to R$107.8 million and net income grew 12.9% to R$18.9 million.
2) OHL Brasil invested R$47.4 million in initial works for its new federal concessions in 2Q08 and expects to begin toll collection by the end of 2008.
3) OHL Brasil continues to analyze new concession opportunities in Sao Paulo, Bahia, additional federal routes, Minas Gerais
The document summarizes Arteris' results for the fourth quarter and full year of 2013. It shows that toll revenues grew 9.1% in 2013 driven by suspended axles charges and tariff increases. However, one concession had to stop charging tolls at a major plaza due to a regulatory decision, impacting results. Overall, gross revenue increased 8.2% while costs grew at a slower pace than revenues, improving margins. Adjusted EBITDA was up 8.3% and net income increased year-over-year. The company also provided details on its debt profile and forecasted investments of R$1.8 billion for 2014 as it continues expanding and maintaining its highway concessions.
- During the second quarter, 5 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 27 out of 29.
- Due to the new toll plazas, toll-paying traffic grew 206.5% in the federal concessions compared to the second quarter of 2008.
- Net revenues increased 67.6% to R$287.3 million compared to the second quarter of 2008, while adjusted EBITDA grew 32.8% over the same period.
This document provides a summary of OHL Brasil's 4Q09 earnings conference call. It includes information on traffic performance and average toll tariffs for state concessions, traffic and tariff details for federal concessions, net revenue evolution by concessionaire, and EBITDA and margin details. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions compared to 4Q08. EBITDA margin was 61.6% excluding federal concessions.
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
The document provides financial results and traffic data for OHL Brasil for the first quarter of 2010. Some key points:
- Total traffic increased 11.6% compared to the first quarter of 2009 across state concessions and 195.7% across federal concessions.
- Net revenue increased 54.4% overall compared to the first quarter of 2009 to R$336.5 million.
- EBITDA was R$202.9 million for the quarter, a 114.5% increase over the first quarter of 2009, with an EBITDA margin of 60.3%.
- Net income was R$56.4 million compared to a net loss in the prior year quarter, representing an
The document provides financial results and key performance indicators for OHL Brasil for the second quarter of 2010. Some highlights include:
- Total traffic across OHL Brasil's state and federal concessions increased 28.9% in the second quarter compared to the prior year.
- Net revenue increased 24.6% in the first half of 2010 compared to the first half of 2009, driven by growth across all concessions.
- EBITDA margin was 61.6% in the second quarter, representing continued strong profitability.
- Electronic toll collection rates continued to increase for both state and federal concessions.
So in summary, the document outlines strong financial and operating results for the second quarter of
OHL Brasil held a conference call to discuss its 1Q11 earnings results. Key highlights included:
- Toll revenue grew 18.6% year-over-year to R$434 million, driven by traffic increases of 18.9% across concessions.
- Adjusted EBITDA grew 23.8% year-over-year to R$251 million, with margins expanding 1.7 percentage points.
- Net financial results declined slightly quarter-over-quarter but increased 24% year-over-year to R$60.7 million negative due to higher interest rates on debt.
The document summarizes OHL Brasil's 3Q11 results. Traffic increased 5.0% year-over-year to 171 million vehicles. Toll revenue grew 6.3% to R$507 million due to tariff increases and new toll plazas. EBITDA increased 21.7% to R$316 million compared to 3Q10, with margins of 40.1%. Net income increased 49% to R$138 million. Gross debt grew 7.0% to R$2.96 billion due to investments and acquisitions. The results were positively impacted by toll adjustments and new infrastructure, though forward-looking statements depend on market and economic conditions.
- Traffic on OHL Brasil's highways increased 5.0% in 3Q11 compared to 3Q10 and 15.6% for the first nine months of 2011, driven by the implementation of bidirectional tolling and the opening of a new toll plaza.
- Gross revenue grew 27% in 3Q11 versus 3Q10 due to tariff increases, bidirectional tolling, and the new toll plaza. EBITDA increased 49% and net income grew 49%.
- The company took on additional long-term debt to fund investments, lengthening its debt profile. Net debt increased 10.7% over 3Q10 but the net debt to EBITDA ratio remained stable.
This document provides financial results and performance metrics for OHL Brasil for 2Q12 and comparisons to 1Q12 and 2Q11. Some key highlights:
- Tolled traffic increased 2.1% in 2Q12 compared to 2Q11. Toll tariffs increased 7.8% on average.
- Adjusted EBITDA was R$303 million in 2Q12, a 4.3% increase from 2Q11. Net income increased to R$161 million in 2Q12.
- Gross revenue composition was 31% from tolls, 24% from construction, and 16% from others.
- Total costs increased 21.6% in 1H12 compared
The document summarizes Arteris' financial results for the fourth quarter and full year of 2012. It provides information on tolled traffic, toll tariffs, gross revenue composition, costs and expenses, and operational performance including adjusted EBITDA. Key highlights include a 3.9% increase in tolled traffic for 4Q12 compared to 4Q11 and a 6.7% increase in average toll tariff. Adjusted EBITDA was R$1,195 million for 2012 with a margin of 65.7%.
The document is a presentation from Banco ABC Brasil S.A. reporting on their 2Q10 earnings. It summarizes that net income reached R$50.2 million, up 6.9% from 1Q10. Return on average equity was 15.9%. The credit portfolio grew 8.1% to R$10.25 billion. Credit quality remained high with 97% of loans rated AA-C. Net interest income was R$104.3 million, up 10.1% from 2Q09. Guidance for 2010 forecasts credit portfolio growth of 25-30% and personnel expenses increasing 5-10%.
This document summarizes OHL Brasil's financial results for the third quarter of 2012. Some key points:
- Tolled traffic increased 7.1% compared to the third quarter of 2011. Average toll tariffs increased 5% year-over-year.
- Revenue was R$877 million, up 11.4% from the third quarter of 2011. Construction revenue was R$298 million.
- Adjusted EBITDA was R$339 million, up 20.4% from the third quarter of 2011, with an EBITDA margin of 63.1%.
- Net income was R$103 million, up significantly from R$89 million in the second quarter.
This document summarizes CCR's 2Q09 results. It reports that EBITDA increased 23.9% in 2Q09 and 18.3% in 1H09 compared to the previous year. Net income increased 28.2% in 2Q09 and 11.1% in 1H09. Traffic grew 18.1% in 2Q09 and 17.2% excluding recent acquisitions. The number of electronic payment tags increased 48%. CCR concluded issuing $598 million in debentures and approved a dividend payment of $507.9 million. The document also provides details on financial results, business dynamics, indebtedness, traffic trends and debt amortization.
The document summarizes Braskem's 2Q10 results presentation to investors. It notes that resin and petrochemical prices reversed their upward trend at the end of 2Q10 due to various economic factors. Braskem's EBITDA grew 15% compared to 1Q10, driven by improved performance at Quattor. Leverage declined below 3x for the first time since acquisitions as debt payments were accelerated. Braskem expects to realize $400 million in annual synergies from the Quattor acquisition by 2012 through production optimization, logistics improvements, and joint supply management.
Banco ABC - 3rd Quarter 2009 Earnings PresentationBanco ABC Brasil
Banco ABC Brasil reported financial results for the third quarter of 2009. Some key highlights include:
- The credit portfolio reached BRL 7.4 billion, an increase of 12.5% over the previous quarter. Credit quality improved with the non-performing loan ratio falling to 0.6%.
- Net income totaled BRL 38.1 million, up 7.7% from the previous quarter. BRL 16.4 million in interest on equity was paid to shareholders.
- The return on average equity was 13.0% for the quarter, up from 12.0% in the prior quarter.
- The credit portfolio rating remained strong with 95% rated AA-C
Eletropaulo reported financial results for the second quarter of 2009. Key highlights include:
- Net income of R$155 million, down 21% from the same period last year.
- EBITDA of R$342 million, down 13% from 2Q08, impacted by higher energy supply costs and labor expenses.
- Collection rate reached 103.1%, up from 98.1% in 2Q08.
- The company proposed distributing R$323 million in interim dividends.
- ANEEL authorized a tariff increase of 14.88% effective July 2009, incorporating effects from the 2007 tariff reset.
Energias do Brasil reported its third quarter 2007 earnings results in a conference call. The company's CEO, CFO, and investor relations officer presented operating and financial performance for the quarter. Energias do Brasil saw growth in energy distributed and volume sold, while facing challenges from rising costs and expenses. Overall, the company reported higher revenues but lower EBITDA compared to the previous year.
This document summarizes Embraer's financial results for the third quarter of 2009. Key highlights include:
- Embraer delivered its first E-Jet aircraft to several new customers and delivered its 600th E-Jet overall.
- Revenue decreased compared to previous quarters but the gross margin remained stable.
- Net income decreased but the backlog remained strong at $18.6 billion despite the economic downturn.
- The company maintained a net cash position and low debt levels with an average cost of debt below 4%.
OHL Brasil held a conference call to discuss its 4Q08 earnings results. Key highlights included:
- 4Q08 revenue increased 16.3% to R$193.9 million compared to 4Q07. Adjusted EBITDA grew 21% to R$126.5 million.
- Toll traffic across state concessions grew 2.6% year-over-year. Toll collection began on 3 federal concessions.
- Net income for 4Q08 was R$46.4 million, up 112.4% from 4Q07, driven by higher revenues and lower financial expenses.
- Leverage ratio remained stable at 1.1x and debt costs were primarily linked to CDI rates.
The document summarizes Arteris' second quarter 2014 results conference call. It highlights a 1.5% increase in tolled traffic and 18.9% growth in net revenue compared to Q2 2013. EBITDA grew 3% over Q2 2013. Capex totaled R$426.1 million for the quarter. Management discussed operational and financial performance, strategy focused on economic, social and environmental sustainability, and estimated capex of R$1.8 billion for 2014.
O documento resume o desempenho financeiro e operacional da empresa no segundo trimestre de 2014. Houve crescimento de 1,5% no tráfego pedagiado e de 18,9% na receita líquida na comparação anual. O EBITDA aumentou 3% no trimestre. A empresa continua focada em investimentos, qualidade do atendimento e sustentabilidade.
The document summarizes Arteris' 1Q14 results conference call. It discusses the company's operational and financial performance for the quarter, including a 5.4% increase in tolled traffic and growth in revenue and EBITDA. It also outlines the company's strategy going forward, which focuses on efficient capex delivery, sustainability, operations, and strengthening its corporate image. The document notes Arteris plans to pay a 50% dividend for fiscal year 2013 results.
O documento resume o desempenho da empresa no primeiro trimestre de 2014, com crescimento de 5,4% no tráfego, 22,6% na receita líquida e 8,3% no EBITDA ajustado. A estratégia da empresa foca em investimentos, operações eficientes e fortalecimento da imagem corporativa. A política de remuneração aos acionistas prevê distribuição de 50% do lucro líquido ajustado em dividendos.
- As concessionárias estaduais tiveram forte crescimento no tráfego pedagiado de 10,7% impulsionado pelo início da cobrança dos eixos suspensos.
- A Autopista Litoral Sul interrompeu a cobrança na P5 impactando o resultado das concessões federais, com queda de 1,1% no tráfego.
- A receita bruta consolidada cresceu 8,2% em 2013, atingindo R$3,6 bilhões, com receita de pedágio de R$2,3 bilhões
- As rodovias estaduais tiveram expressivo crescimento no tráfego de veículos (+11,1%) impulsionado pelo início da cobrança dos eixos suspensos.
- A Autopista Litoral Sul interrompeu a cobrança na P5, impactando o resultado das concessões federais.
- A companhia apresentou crescimento de 9,6% na receita bruta e 6,9% nos custos totais, com EBITDA ajustado de R$381 milhões e lucro líquido de R$129 milh
This document summarizes the key information from CCR's third quarter 2013 results conference call. It shows that vehicle traffic grew 11.1% on state highways and 3.8% overall. Toll revenues increased 8.5% and adjusted EBITDA grew 10.6%. Cash costs declined slightly as a percentage of revenue. Gross debt increased 10.6% but remained at prudent levels. Overall, financial and operating metrics improved in the third quarter of 2013.
O documento resume os resultados financeiros da Arteris no segundo trimestre de 2013, destacando:
1) Crescimento de 1,2% no tráfego total e aumentos moderados nas tarifas médias;
2) Aumento de 11,8% na receita de pedágio impulsionada pelas rodovias estaduais;
3) Melhora nas margens com redução dos custos caixa.
The document is a presentation of the 1Q13 results of Arteris, a toll road operator in Brazil. It summarizes key metrics such as toll traffic, toll tariffs, revenue, costs, EBITDA, net income, debt levels, and investments. The presentation contains forward-looking statements that are projections based on management's expectations and depend on factors such as market conditions, the economy, and the industry, so are subject to change. Traffic and revenue increased in the quarter compared to prior periods. Costs, financial expenses, and debt also increased while cash position, EBITDA margin, and net income remained stable or decreased slightly.
O documento apresenta os resultados financeiros e operacionais da Arteris no primeiro trimestre de 2013. Houve queda no tráfego e nas receitas, mas o lucro líquido se manteve estável em relação ao trimestre anterior. Os investimentos em ativos e manutenção de rodovias aumentaram no período.
A apresentação fornece um resumo dos resultados financeiros da Arteris no quarto trimestre de 2012 e no ano de 2012. Os principais pontos são:
1) O tráfego total aumentou 1,5% no quarto trimestre e 4,1% em 2012 em comparação aos mesmos períodos do ano anterior.
2) A receita líquida aumentou 6,4% no quarto trimestre e 6,7% em 2012.
3) O EBITDA ajustado foi de R$349 milhões no quarto trimestre, com margem de 68,3
Este documento fornece uma apresentação institucional da empresa arteris para janeiro de 2013. Contém informações sobre a história e perfil da companhia, sua nova estrutura acionária após a aquisição de participação da Abertis e Brookfield, as estratégias dessas empresas para a arteris, o marco regulatório e números do setor de concessões rodoviárias no Brasil.
Este documento apresenta os resultados financeiros da OHL Brasil para o terceiro trimestre de 2012. O tráfego total aumentou 7,1% em relação ao mesmo período do ano anterior. A receita líquida cresceu 4,2% e o lucro líquido aumentou 13,3%. No entanto, os custos operacionais também subiram significativamente, em 22,2% na comparação anual, pressionando as margens da empresa.
1) A OHL Brasil realizou uma teleconferência para apresentar os resultados do 2T12, com destaque para o crescimento de 2,1% no tráfego total e de 7,8% na tarifa média.
2) As receitas líquidas totalizaram R$781 milhões no 2T12, com os custos operacionais crescendo 5,6% em relação ao trimestre anterior.
3) O EBITDA ajustado consolidado se manteve praticamente estável em R$303 milhões no 2T12.
O documento apresenta os resultados operacionais e financeiros da OHL Brasil no 1T12. O tráfego cresceu 6,1% em relação ao ano anterior, impulsionado pela economia do petróleo e gás. A receita líquida aumentou 7,8% devido ao crescimento do tráfego e reajustes tarifários. O EBITDA ajustado foi de R$304 milhões, com margem de 63,4%. O lucro líquido foi de R$105 milhões.
O documento apresenta os resultados financeiros da OHL Brasil no quarto trimestre de 2011 e no ano de 2011. No quarto trimestre de 2011, a receita bruta aumentou 13,6% em relação ao mesmo período do ano anterior, impulsionada principalmente pelo crescimento da receita de pedágio. O EBITDA ajustado aumentou 39% no quarto trimestre de 2011 na comparação anual, com a margem EBITDA se mantendo estável. Por fim, o prejuízo financeiro líquido aumentou no quarto trimestre e no ano de 2011 devido aos mai
This presentation from OHL Brasil contains forward-looking statements about the company's prospects that are based on management's expectations and assumptions. These statements depend on factors like market conditions, regulations, competition, and the performance of the Brazilian economy, so they are subject to change.
OHL Brasil operates toll road concessions in Brazil through various subsidiaries. It has a portfolio of over 3,200 km of toll roads with approximately 35 million people living near its highways. Traffic on the toll roads increased in the first nine months of 2011 compared to the same period in 2010. The average remaining concession period is around 16 years.
OHL Brasil is part of the larger OHL Group, an international construction company.
Este documento apresenta os resultados da OHL Brasil para os primeiros nove meses de 2011. Apresenta informações sobre o perfil corporativo do Grupo OHL, suas áreas de atuação, carteira de concessões no Brasil e perspectivas para o cenário macroeconômico brasileiro.
This document provides an overview of OHL Brasil's results and opportunities. It summarizes OHL Brasil's portfolio of toll road concessions in Brazil, which total over 3,000 km and saw vehicle traffic increase by over 15% in the first nine months of 2011 compared to the same period in 2010. The document also outlines OHL Brasil's investment criteria, corporate structure, and macroeconomic factors in Brazil such as GDP growth, inflation, and interest rates, positioning OHL Brasil for continued opportunities in the growing Brazilian economy.
Este documento apresenta os resultados da OHL Brasil para os primeiros nove meses de 2011. Apresenta informações sobre o perfil corporativo do Grupo OHL, suas áreas de atuação, carteira de concessões no Brasil e perspectivas para o cenário macroeconômico brasileiro.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
This presentation provides a thorough examination of Over-the-Top (OTT) platforms, focusing on their development and substantial influence on the entertainment industry, with a particular emphasis on the Indian market.We begin with an introduction to OTT platforms, defining them as streaming services that deliver content directly over the internet, bypassing traditional broadcast channels. These platforms offer a variety of content, including movies, TV shows, and original productions, allowing users to access content on-demand across multiple devices.The historical context covers the early days of streaming, starting with Netflix's inception in 1997 as a DVD rental service and its transition to streaming in 2007. The presentation also highlights India's television journey, from the launch of Doordarshan in 1959 to the introduction of Direct-to-Home (DTH) satellite television in 2000, which expanded viewing choices and set the stage for the rise of OTT platforms like Big Flix, Ditto TV, Sony LIV, Hotstar, and Netflix. The business models of OTT platforms are explored in detail. Subscription Video on Demand (SVOD) models, exemplified by Netflix and Amazon Prime Video, offer unlimited content access for a monthly fee. Transactional Video on Demand (TVOD) models, like iTunes and Sky Box Office, allow users to pay for individual pieces of content. Advertising-Based Video on Demand (AVOD) models, such as YouTube and Facebook Watch, provide free content supported by advertisements. Hybrid models combine elements of SVOD and AVOD, offering flexibility to cater to diverse audience preferences.
Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
2. Notice
This presentation contains forward-looking statements relating to the prospects of the
business, estimates for operating and financial results, and those related to growth prospects
of OHL Brasil, these are merely projections and, as such, are based exclusively on the
, y p j , , y
expectations of OHL Brasil’s management concerning the future of the business and its
continued access to capital to fund the Company’s business plan.
Such forward looking statements depend substantially on changes in market conditions
forward-looking depend, substantially, conditions,
government regulations, competitive pressures, the performance of the Brazilian economy and
the industry and are, therefore, subject to change without prior notice.
2
3. Traffic Performance and Average Toll Tariff – State Concessions
Traffic Performance (in ‘000 equiv.-vehicle) Average Toll Tariff (R$)
-1.7%
+7.5%
37,713 37,084
34,501
7,821 7,580 +3.6%
7,031 Evolução Tarifa Média (R$)
+3.2%
13,882 13.751
12,691
5,881 5,482 5,829
6.07
5.86 5.88
10,129 9,298
, ,
9,923
3Q08 2Q09 3Q09
3Q08 2Q09 3Q09
Autovias Centrovias Intervias Vianorte
Tariff Adjustment of 3.64% in July 01, 2009
based on the accumulated variation of the
IGP-M from June/2008 to May/2009.
3
5. Traffic and Tariff – Federal Concessions
Toll-Paying Traffic – Federal Concessions 3Q09:
Var%
Equivalent-Vehicles 3Q09 2Q09
3Q09/2Q09
Planalto Sul 6,265,555 5,959,259 5.1%
Fluminense 8,311,200 5,774,000 43.9%
Fernão Dias 25,123,637 23,039,090 9.0%
Régis Bittencourt 31,927,999 25,308,667 26.2%
Litoral Sul 23,629,091 14,053,636 68.1%
Total - Federal Concessions: 95,257,482 74,134,652 28.5%
The toll tariffs offered in the federal auctions in October/07 were adjusted by the variation of the IPCA
j y
from June 2007 to the month prior to the initiation of the toll charge at the first toll plaza in each
concessionaire:
Average Toll Tariff Var%
3Q09 2Q09
(in R$/Equiv-Vehicles) 3Q09/2Q09
Planalto Sul 2.70 2.70 0.0%
Fluminense 2.50 2.50 0.0%
Fernão Dias 1.10 1.10 0.0%
Régis Bittencourt 1.50 1.50 0.0%
Litoral Sul 1.10 1.10 0.0%
Average - Federal Concessions: 1.46 1.47 -0.7%
5
6. Potential Net Revenue – Federal Concessions
Net Revenue Performed and Potential (R$ million)
127.6
127.5
119.0 134.5 126.8
117.5 121.1
100.2
47.8
1Q09 2Q09 3Q09 4Q09 (Revised)
Potential 29 Toll Plazas Performed Estimated
In 3Q09, plaza 4 of Autopista Fluminense started operating (last toll plaza of this concession to
become operational). Together with the 27 plazas already in operation in 2Q09, 3Q09 ended
with 28 operational plazas;
In 3Q09, the partial toll collection in our federal concessions, was slightly higher than the
guidance projected by the Company in the beginning of the year, totaling R$ 127.6 net
revenue;
We have revised our net revenue guidance for 4Q09 due to (i) the change in the forecast for
the beginning of operation of P1 of Fernão Dias (from 4Q09 to 2Q10) and (ii) taking into
consideration the volume of toll-paying traffic recorded by the concessionaires throughout the
year.
6
7. Net Revenue – Evolution per Concessionaire
Net Services Revenue Var% Var%
3Q09 2Q09 3Q08 9M09 9M08 9M/9M
(R$ thousand) 3Q09/2Q09 3Q09/3Q08
Autovias 51,989 47,096 51,307 10.4% 1.3% 141,977 134,784 5.3%
Centrovias 48,962 44,734 47,978 9.5% 2.1% 135,467 123,449 9.7%
Intervias
I t i 59,910
59 910 53,369
53 369 58,186
58 186 12.3%
12 3% 3.0%
3 0% 161,103
161 103 151,675
151 675 6.2%
6 2%
Vianorte 46,843 41,941 46,163 11.7% 1.5% 126,411 121,179 4.3%
Total - State Concessions: 207,704 187,140 203,634 11.0% 2.0% 564,958 531,087 6.4%
Planalto Sul 15,497
, 14,739
, - 5.1% n.a. 39,671
, - n.a.
Fluminense 18,805 13,179 - 42.7% n.a. 38,370 - n.a.
Fernão Dias 25,390 23,244 - 9.2% n.a. 60,060 - n.a.
Régis Bittencourt 43,700 34,678 - 26.0% n.a. 94,932 - n.a.
Litoral Sul
Lit l S l 24,206
24 206 14,329
14 329 - 68.9%
68 9% n.a. 42,539
42 539 - n.a.
Total - Federal Concessions: 127,598 100,169 - 27.4% n.a. 275,572 - n.a.
Total: 335,302 287,309 203,634 16.7% 64.7% 840,530 531,087 58.3%
Electronic Toll Collection:
Revenues through electronic collections (AVI System) in the state concession toll
plazas in 3Q09 represented 53 7% compared to 53 0% in 2Q09 and 51 6% in 3Q08;
53.7% 53.0% 51.6%
For the federal concessions the average percentage of electronic collections is
currently at 29 6% against 27 5% in the 2Q09
29.6%, 27.5% 2Q09.
7
9. EBITDA – Federal Concessions Only
EBITDA - Federals Concessions Var%
3Q09 2Q09
(R$ thousand) 3Q09/2Q09
NET SERVICE REVENUE 127,598 100,169 27.4%
Costs and Service Expenses (75,112) (75,017) 0.1%
Costs f S i
C t of Services (E Amort. and D
(Ex. A t d Depre.)
) (55,311)
(55 311) (55,305)
(55 305) 0.0%
0 0%
Grant Authority Expenses (8,757) (8,558) 2.3%
General & Administrative Expenses (Ex. Amort.) (10,446) (10,292) 1.5%
Directors' Compensation (677) (680) -0.4%
Tax Expenses (1) (219) -99.5%
Other Revenues/ Expenses 80 37 116.2%
EBITDA 52,486 25,152 108.7%
EBITDA Margin (%) 41.1%
41 1% 25.1%
25 1%
The following two factors explain the increase of EBITDA in our Federal Concessions
during this quarter:
Increase in Net Revenues in the period due to the operation of 27 out of the 29 toll
plazas throughout the 3Q09, in addition to the beginning of collection of the last toll
plaza at Autopista Fluminense.
Maintenance of Operating Costs and Expenses vs. 2Q09 (+0.1%). We highlight that
the operating costs and expenses in federal concessions were below and tend to be
below the cost figures listed in the proposals to ANTT (Brazilian Land Transportation
Agency) in 2007.
9
11. Net Income
Results Evolution (in R$ thousand)
144,204 (12,536)
(57,283)
(8,928)
(14,200)
(14,067)
(8,249)
(8 249) 7,024
7 024 (10,630)
(10 630)
(178) 55,955
30,798
Net Income Gross Deductions Costs Grant Authority G&A Deprec. and Financial Financial Monetary IR&SC Net Income
3Q08 Revenues Expenses Expenses Amort. Revenues Expenses Correction Taxes 3Q09
of Fixed
Concession
Charge
+81.7%
11
12. Debt Structure
Gross Indebtedness (in R$ million) Leverage Ratio and Net Debt (in R$ million)
Leverage Ratio and Net Debt (R$ million)
Indebtness (R$ million) 1,936 2.5x
2.6x
2.4x
1,657
1,425 739 1.9x
267
1012 1037 922 1.4x
1.3x
1.1x
1.0x
1.1x 1,291 1,325
691 690 1,174
517 518 915
933 935 1.158 1,158
1 158
375 355 652
407 399 1,197 471
456 437 416
316 335
110 119 79 102
3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09
Long T
L Term Short T
Sh t Term Net Debt Net Debt/ Adjusted EBITDA (LTM)
Debt Cost Breakdown Debt Amortization Schedule (in R$ million)
88.5%
Cronograma Financeiro de Amortização (R$ Milhões)
69.0% 735.3
695.5
52.7% CDI
30.7%
47.0% TJLP
192.9
11.1%
0.4% 0.3% 0.3% Other 22.0 11.7
3Q08 2Q09 3Q09 Oct/09 to Oct/10 to 2011 2012 2013
Sep/10 Dec/10
12
13. Indebtedness – Federal Concessions
BNDES Bridge Loan (Federal Concessions):
Credit line totaling R$ 1.0 billion structured with of the "BNDES Bridge Loan" for the federal concessions in
June 2009;
Until September 30, 2009 already had been disbursed R$668.8 million.
BNDES Long-Term Loan (Federal Concessions):
Material delivered and beginning of studies;
The first payments of this credit line are expected for 2Q10.
Long-Term Loan (State Concessions):
The Company is already negotiating with financial institutions to roll-over its debts maturing in January 2010
in state concessionaires.
13
14. CapEx
CapEx Breakdown 3Q09 – R$172 6 million*
C E B kd R$172.6 illi *
11.88% 9.30%
3.48%
15.41% 10.31%
5.33%
6.92%
22.19%
15.18%
Estimated investments for the next 5 years (2009 to 2013), as scheduled under the
concession agreements:
State Concessions: R$470 million;
St t C i illi
Federal Concessions: R$4.3 billion.
* Not considering investments in other subsidiaries, holding and adjustments of consolidation.
14
15. New Opportunities
Federal Highways:
3rd Stage / 1st Phase: BR-040, BR-381 and BR-116 (Minas Gerais State). 2,000 km
with 3 l t A ti estimated t occur i 2010
ith lots. Auction ti t d to in 2010;
3rd Stage / 2nd Phase: BR-101/ES, BR-101/BA and BR-470/SC. 1,600 km with 3
lots. No estimate date for the auction.
State Highways:
Minas Gerais. 16 lots with 7,000 km. Concessions or PPP’s. Estimated to occur in
,
2009/2010;
São Paulo: 2 lots with approximated 386 km of roads on São Paulo State coast. No
estimate date for the auction.
Airports:
Galeão (Rio de Janeiro) and Viracopos (Campinas-SP) Are expected the
(Campinas-SP).
concession of these two airports to privately-owned enterprise.
PPP - Aeroporto Internacional de São Gonçalo do Amarante (Natal/RN).
Estimated to occur first half 2010.
15