Net income increased 218.7% to R$7.675 million in 2Q08. Total traffic volume and consolidated net operating revenue increased 8.9% and 60.4% respectively. Adjusted EBITDA rose 106.9% to R$36.688 million. Portonave container handling grew 79.3% to 54,814 TEUs. Total debt increased to R$469.363 million or 45.2% of total assets. Capital expenditures totaled R$50.159 million in 2Q08, mainly for Rio Verde Energia's Salto hydroelectric plant.

1. 1

2. 2Q08 Earnings
Results Presentation
08/15/2008
2

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. I - Highlights
Net Income (dividend base) totaled R$ 7.675 million, 218.7% up on the 2Q07.
Total traffic volume moved up 8.9% year-on-year to 14.664 million equivalent vehicles.
Consolidated Net Operating Revenue climbed by 60.4% over the 2Q07 to R$67.439 million.
Adjusted EBITDA totaled R$36.688 million, 106.9% up year-on-year.
Portonave handled 54,814 TEUs, 79.3% growth over the first quarter of 2008.
4

5. I - Highlights
TPI signed a definitive share purchase agreement with SBS Engenharia e Construção Ltda to
acquire 30% of Concepa and Rio Guaíba. On conclusion of the transaction, TPI will own
100% of both firms.
TPI acquired a company that its only asset is a site in the Baixada Santista region of São
Paulo state, for a possible future infrastructure project.
In July, BNDES approved financing of R$289.70 million for Rio Verde Energia S.A, for the
Salto hydroelectric plant.
In July 2008, Portonave achieved 100,000 handled TEUs after less than one year of
operations.
5

6. II – 2Q08 Results
Traffic – Equivalent Vehicles (thousand)
35
8.9%
30
31,100
28,547
25
20
8.9%
15
10
13,463
14,664
5
0
2Q07
2Q08
1H07
1H08
6

7. II – 2Q08 Results
Traffic – Equivalent Vehicles (thousand)
8
7
4.7%
6
5,555
5
11.8%
5,865
5,816
5,244
4
12.0%
3
2
2,664
2,983
1
0
2Q07
2Q08
ECONORTE
2Q07
2Q08
CONCER
2Q07
2Q08
CONCEPA
7

8. II – 2Q08 Results
Container Handling- TEUs (thousand)
90
85,390
80
70
60
79.3%
50
54,814
40
30
30,576
20
10
0
1Q08
2Q08
1H08
8

9. II – 2Q08 Results
Net Revenue from Operations (R$ 000)
160
140
55.1%
120
137,036
100
80
60
40
88,333
60.4%
67,439
42,046
20
0
2Q07
2Q08
1H07
1H08
9

10. II – 2Q08 Results
Total Costs and Expenses (R$ 000)
70
64,077
60
43.0%
50
44,812
40
30.0%
30
20
31,606
24,311
10
0
2Q07
2Q08
1H07
1H08
10

11. II – 2Q08 Results
Adjusted EBITDA (R$ 000)
80
70
73,814
69.6%
60
50
40
30
43,521
106.9%
36,688
20
10
17,735
0
2Q07
2Q08
1H07
1H08
11

12. II – 2Q08 Results
Adjusted EBITDA Margin (%)
60
50
4.6 p.p
12.2 p.p
54.4
53.9
49.3
40
42.2
30
20
10
0
2Q07
2Q08
1H07
1H08
12

13. II – 2Q08 Results
Net Financial Result (R$ 000)
2Q07
2Q08
0
1H07
1H08
- 1, 70 0
-5
- 88.4%
-10
- 13 , 0 9 5
- 14 , 6 0 4
-15
- 48.7%
-20
-25
- 2 5, 50 4
-30
13

14. II – 2Q08 Results
Net Loss
Net Income – dividend
base (R$ 000)
(R$ 000)
2Q07
2Q08
2Q07
0
10
-1
2Q08
8
-2
-2,968
-3
6
218.7%
7,675
4
-4
- 68.2%
-5
2
0
-6
-7
-2
-8
-4
-9
-10
-9.331
-6
-6.466
-8
14

15. III – Debt
Total Debt (R$ 000) & as percentage of total assets (%)
500,00
469,363
45,2%
420,00
404,632
40,2%
35,2%
340,00
30,2%
27,7%
29,4%
25,2%
20,2%
260,00
15,2%
180,00
10,2%
5,2%
100,00
0,2%
1Q08
2Q08
15

16. III – Debt
Net Debt
(R$ 000) & net debt / Adjusted EBITDA
600
500
400
3,40
3,35
3,35
398,792
3,30
359,118
3,25
300
3,20
200
3,16
100
3,15
3,10
0
3,05
1Q08
2Q08
16

17. IV – Capex
PP&E and Deferred
PP&E and Deferred Assets
on June 30, 2008
Net Fixed
Asset
5,692
Deferred
Total
%
4,210
9,902
0.74
Concer
444,782
302
445,084
33.42
Concepa
233,264
0
233,264
17.52
Econorte
241,485
0
241,485
18.13
Rio Verde
107,729
11,746
119,475
8.97
Ecovale
1
2,864
2,865
0.22
Portonave
206,589
(984)
205,605
15.44
TPB
72,231
0
72,231
5.42
Rio Bonito
163
0
163
0.01
Rio Guaíba
208
0
208
0.02
OSR
1,447
0
1,447
0.11
Total
1,313,591
18,138
1,331,729
100.00
TPI
17

18. IV – Capex
Increase in PP&E
PP&E and Deferred Assets
on 2Q08
Net Fixed
Asset
Deferred
Total
%
TPI
29
1,243
1,272
2.54
Concer
6,058
300
6,358
12.68
Concepa
6,455
0
6,455
12.87
Econorte
2,709
0
2,709
5.40
Rio Verde
21,403
2,261
23,664
47.18
Ecovale
0
48
48
0.10
Portonave
9,410
162
9,572
19.08
Rio Bonito
31
0
31
0.06
Rio Guaíba
12
0
12
0.02
OSR
38
0
38
0.08
Total
46,145
4,014
50,159
100.00
18

19. www.tpisa.com.br
Triunfo S ão Paulo
Rua Olimpíadas 205 14º andar cj. 1402
CEP 04551-000 São Paulo SP BR
Fone 55 11 2169 3999
Fax 55 11 2169 3969
19