2Q11 Results Presentation

1. Insira aqui o título da sua apresentaçãoInsira aqui o título da sua apresentaçãoPresentation of Results
Second Quarter 2011

2. • Recent Events
• Financial Results
Agenda
1

3. • Melhores & Maiores (“Best and Biggest ”) Awards
Tegma Gestao Logistica was considered the best transport company in Brazil by
Exame magazine ‘Best and Biggest ’ 2011 Award.
• Dividends and Interest on Equity Payment
The Board of Directors Meeting held on August 11, 2011 approved the payment of
interim dividends and interest on capital amounting to R$18.0 million,
corresponding to approximately R$0.27 / share
• Rating Assignment
Moody‘s issued assigned an Aa3.br corporate rating on the national Brazilian scale
and Ba2 in local currency on the global scale.
Recent Events
2

4. Financial Results
Net Revenue – R$ million
286.9
365.6
2Q10 2Q11
533.9
673.5
1H10 1H11
27.4%
26.1%
Growth driven by sales vehicles, auto parts and consumption
goods and the inclusion of Direct`s results.
3

5. Financial Results
Adjusted EBITDA – R$ million
44.9
46.1
2Q10 2Q11
79.9
89.8
1H10 1H11
2.6%
12.3%
EBITDA Margin impacted by the consolidation of
Direct and by growth of structure.
15.7%
12.6%
15.0%
13.%
4
Adjusted EBITDA Margin

6. Financial Highlights
Automotive Logistics – R$ million
247.2
38.5
280.9
37.8
Net Revenues Adjusted EBITDA
2Q10 2Q11
Net Revenue: R$ 280.9 million (+13.6% vs 2Q10).
 Increase of 8.0% in the number of vehicles transported;
• Growth of 30.4% in gross revenue from auto parts logistics;
Net Revenue: R$534.4 million (+17.5% vs 1H10).
• Increase of 9.0% in the number of vehicles transported;
• Growth of 36.3% in gross revenue from auto parts logistics;
Adjusted EBITDA: R$37.8 million (-1.6% vs 2Q10), for margin of
13.5% (-2.1p.p vs 2Q10)
13.6%
-1.6%.
2Q11
1H11
454.8
69.9
534.4
76.3
Net Revenues Adjusted EBITDA
1H10 1H11
Adjusted EBITDA: R$76.3 million (9.1% vs 1H10), for margin of
14.3% (-1.1p.p vs 1H10)
5
17.5%
9.1%

7. Financial Highlights
Integrated Logistics – R$ million
39.7 6.5
84.7
8.3
Net Revenues Adjusted EBITDA
2T10 2T11
Net Revenue: R$ 84,7 million (+113.2% vs 2Q10).
 Increase of R$22.2 mm in gross revenue from electronics logistics;
• Increase of 127.6% in gross revenue from telecommunications segment;
• Gross revenue of R$22.4 mm from e-commerce segment;
Net Revenue:R$139.1 million (+75.8% vs 1H10).
 Increase of R$27.4 mm in gross revenue from electronics logistics;
• Increase of 113.9% in gross revenue from telecommunications segment;
• Gross revenue´s growth of R$30.5 mm from e-commerce segment;
Adjusted EBITDA: R$ 8.3 million(27.7% vs 2Q10), for margin of 9.8%
(-6.5p.p vs 2Q10)
2Q11
1H11
6
79,1 9,9
139,1
13,5
Net Revenues Adjusted EBITDA
1S10 1S11
Adjusted EBITDA: R$13.5 million (35.1 %vs 1H10), for margin of
9.7% (-2.9p.p vs 1H10)
113.2%
27.7%
75,8%
35,1%

8. Financial Results
Consolidated Net Income – R$ million
Net income for the second quarter was impacted by the growth
financial expenses and non-recurring items.
Excluding non-recurring effects (expenses in 2Q11 with the acquisition and
sale of assets in 2Q10), net income decreased by 14.2%
27.2
20.2
2Q10 2Q11
49.8
40.3
1H10 1H11
-25.8%
7
-19.2%

9. Financial Highlights
Cash Balance and Debt – R$ million
Net Debt
0.11X 0.08X 0.07X
/ 12 months EBITDA
Debt Profile
The Company extended the term of its debt in July through loan
banking in the amount of R$ 130 million to be paid in 2 years.
9
0.34X 0.74X
9
19 14 13
65
142
0
20
40
60
80
100
120
140
160
2Q10 3Q10 4Q10 1Q11 2Q11
81%
19%
ST LT

10. IR Contats
Alexandre Brandão
+55 (11) 4346-2532
alexandre.brandao@tegma.com.br
Hugo Zierth
+55 (11) 4397-9370
hugo.zierth@tegma.com.br