This document summarizes the key financial highlights of Localiza Rent a Car S.A. for the second quarter of 2016. Net revenues increased in both the car rental and fleet rental divisions compared to the second quarter of 2015. The company added over 10,000 new vehicles to its fleet while selling nearly 14,000 used vehicles. Consolidated EBITDA grew by R$11.3 million year-over-year due to revenue increases, while net income increased by 4.6% over the same period. Overall, the company continued its strong volume growth in the quarter despite adverse macroeconomic conditions.
The document summarizes Localiza's 1Q16 earnings results. Key highlights include an 11.3% increase in consolidated net revenues despite an adverse macroeconomic scenario. The car rental division saw a 6.4% increase in net revenues due to higher average rental rates. EBITDA increased 5.5% to R$258.4 million compared to 1Q15, driven by growth in both the car and fleet rental divisions. Overall results were positively impacted by commercial initiatives to stimulate demand and increase fleet utilization rates.
This document summarizes the quarterly earnings report of Localiza Rent a Car S.A. for the first quarter of 2015. It shows that while car rental volume declined due to economic conditions, revenue in the fleet rental division grew due to market opportunities. Overall, consolidated net revenue grew 6.5% compared to the prior year. However, EBITDA declined due to strategic consulting expenses and increased doubtful accounts provisions. The company also reduced its car rental fleet after the end of the summer season. Debt levels remain manageable and debt maturity was improved through a new issuance and prepayment in the second quarter of 2015.
This document summarizes the financial performance of Localiza Rent a Car S.A. in the second quarter and first half of 2015. Key points include:
- Consolidated net revenues grew 5.8% in the first half of 2015 compared to the same period in 2014, helped by growth in both the car rental and fleet rental divisions.
- Consolidated EBITDA decreased year-over-year as a reduction in margins for the car rental division was only partially offset by lower depreciation expenses.
- Net income decreased slightly in 2Q15 compared to 2Q14 due to higher interest rates, though this was largely offset by lower depreciation costs.
- Free cash flow was
- The document reports on Localiza's 3Q15 and 9M15 earnings, highlighting key financial metrics such as revenues, EBITDA, net income, fleet size, and utilization rates.
- Net revenues grew 2.7% in 9M15 compared to 9M14, while consolidated EBITDA declined 3.1% and consolidated net income increased 1%.
- EBIT margins improved in both the car rental and fleet rental divisions compared to previous periods.
- Free cash flow was R$228 million in 9M15, impacted by fleet renewal and growth investments.
- The company exceeded 200,000 vehicles in its fleet for the first time at the end of 2Q18, with 208,552 vehicles. Car rental and fleet rental volumes grew 47.9% and 21.4% respectively in 2Q18.
- Consolidated net revenues increased 29.3% in 2Q18. Excluding the impacts of a truck drivers' strike and payroll, EBITDA would have grown approximately 30% and net income 32% compared to 2Q17.
- The end of period fleet grew strongly, with a 45% increase in car rental vehicles and the company surpassing 200,000 total vehicles for the first time.
1. The company reported a 18.8% increase in net profit compared to the previous quarter, reaching R$9.4 million. Excluding tax effects, net income increased 60.9% compared to the same quarter last year.
2. Consolidated net revenues increased 48.5% compared to the same quarter last year, driven by a 198% increase in used vehicle sales and a 9.3% increase in fleet rental revenues. Used vehicle sales reached a record of 2,857 vehicles.
3. EBITDA reached a record high of R$46.8 million in the quarter, representing an EBITDA margin on net rental revenue of 57%.
The document provides financial and operational highlights for cars' 2Q17 earnings release. Some key points:
- Car sales and rental days increased significantly in 2Q17 compared to 2Q16. Fleet size reached 151,750 cars at end of period.
- Net revenues increased 39.7% in 2Q17 driven by growth in daily rentals of 29.2% for car rentals and 9.1% for fleet rentals.
- EBITDA increased 27.5% in 2Q17 to R$298.7 million. Net income grew 31.9% to R$129.3 million, a record profit.
- The company purchased 51,058 cars in 1
Localiza Rent a Car S.A. reported its 3Q14 results with consolidated net revenues increasing 12.4% year-over-year to R$535.9 million. The car rental division saw a 12.3% revenue increase due to 7.5% higher daily rental volumes and a 6.0% increase in average rental rates. ROIC increased from 16.5% to 18.0% due to higher utilization rates and lower depreciation costs. Free cash flow remained strong at R$332.7 million despite investments in a new headquarters, allowing net debt to remain stable at R$1,321.9 million with comfortable debt ratios.
The document summarizes Localiza's 1Q16 earnings results. Key highlights include an 11.3% increase in consolidated net revenues despite an adverse macroeconomic scenario. The car rental division saw a 6.4% increase in net revenues due to higher average rental rates. EBITDA increased 5.5% to R$258.4 million compared to 1Q15, driven by growth in both the car and fleet rental divisions. Overall results were positively impacted by commercial initiatives to stimulate demand and increase fleet utilization rates.
This document summarizes the quarterly earnings report of Localiza Rent a Car S.A. for the first quarter of 2015. It shows that while car rental volume declined due to economic conditions, revenue in the fleet rental division grew due to market opportunities. Overall, consolidated net revenue grew 6.5% compared to the prior year. However, EBITDA declined due to strategic consulting expenses and increased doubtful accounts provisions. The company also reduced its car rental fleet after the end of the summer season. Debt levels remain manageable and debt maturity was improved through a new issuance and prepayment in the second quarter of 2015.
This document summarizes the financial performance of Localiza Rent a Car S.A. in the second quarter and first half of 2015. Key points include:
- Consolidated net revenues grew 5.8% in the first half of 2015 compared to the same period in 2014, helped by growth in both the car rental and fleet rental divisions.
- Consolidated EBITDA decreased year-over-year as a reduction in margins for the car rental division was only partially offset by lower depreciation expenses.
- Net income decreased slightly in 2Q15 compared to 2Q14 due to higher interest rates, though this was largely offset by lower depreciation costs.
- Free cash flow was
- The document reports on Localiza's 3Q15 and 9M15 earnings, highlighting key financial metrics such as revenues, EBITDA, net income, fleet size, and utilization rates.
- Net revenues grew 2.7% in 9M15 compared to 9M14, while consolidated EBITDA declined 3.1% and consolidated net income increased 1%.
- EBIT margins improved in both the car rental and fleet rental divisions compared to previous periods.
- Free cash flow was R$228 million in 9M15, impacted by fleet renewal and growth investments.
- The company exceeded 200,000 vehicles in its fleet for the first time at the end of 2Q18, with 208,552 vehicles. Car rental and fleet rental volumes grew 47.9% and 21.4% respectively in 2Q18.
- Consolidated net revenues increased 29.3% in 2Q18. Excluding the impacts of a truck drivers' strike and payroll, EBITDA would have grown approximately 30% and net income 32% compared to 2Q17.
- The end of period fleet grew strongly, with a 45% increase in car rental vehicles and the company surpassing 200,000 total vehicles for the first time.
1. The company reported a 18.8% increase in net profit compared to the previous quarter, reaching R$9.4 million. Excluding tax effects, net income increased 60.9% compared to the same quarter last year.
2. Consolidated net revenues increased 48.5% compared to the same quarter last year, driven by a 198% increase in used vehicle sales and a 9.3% increase in fleet rental revenues. Used vehicle sales reached a record of 2,857 vehicles.
3. EBITDA reached a record high of R$46.8 million in the quarter, representing an EBITDA margin on net rental revenue of 57%.
The document provides financial and operational highlights for cars' 2Q17 earnings release. Some key points:
- Car sales and rental days increased significantly in 2Q17 compared to 2Q16. Fleet size reached 151,750 cars at end of period.
- Net revenues increased 39.7% in 2Q17 driven by growth in daily rentals of 29.2% for car rentals and 9.1% for fleet rentals.
- EBITDA increased 27.5% in 2Q17 to R$298.7 million. Net income grew 31.9% to R$129.3 million, a record profit.
- The company purchased 51,058 cars in 1
Localiza Rent a Car S.A. reported its 3Q14 results with consolidated net revenues increasing 12.4% year-over-year to R$535.9 million. The car rental division saw a 12.3% revenue increase due to 7.5% higher daily rental volumes and a 6.0% increase in average rental rates. ROIC increased from 16.5% to 18.0% due to higher utilization rates and lower depreciation costs. Free cash flow remained strong at R$332.7 million despite investments in a new headquarters, allowing net debt to remain stable at R$1,321.9 million with comfortable debt ratios.
The document provides financial highlights for Localiza's 3Q17 and 9M17 results. Some key points:
- Revenues increased 30.4% in Car Rental and 15.3% in Fleet Rental for 3Q17. The total fleet size was 185,390 vehicles at the end of 3Q17.
- EBITDA grew 31.8% in 3Q17. Net income increased 34.3% despite one-time costs of integrating Hertz Brazil operations.
- Localiza achieved strong growth across key metrics in 3Q17 such as vehicles sold, rental days, revenues and profits, while maintaining high fleet utilization rates.
- The company reported a 25.2% increase in car rental volume and a 14.3% increase in car rental revenues in 3Q16 compared to the previous year. Fleet size reached a peak of 136,202 vehicles at the end of 9M16, an increase of 18,060 vehicles.
- EBITDA increased by R$13.3 million in 3Q16 and R$37.9 million in 9M16 supported by revenue growth. However, net income was flat due to higher depreciation costs.
- Used car sales normalized with the delivery of ordered vehicles from automakers, allowing the company to increase its fleet turnover.
- The company reported a 25.2% increase in car rental volume and a 14.3% increase in car rental revenues in 3Q16 compared to the previous year. Fleet size reached a peak of 136,202 vehicles at the end of 9M16, an increase of 18,060 vehicles.
- EBITDA increased by R$13.3 million in 3Q16 and R$37.9 million in 9M16 supported by revenue growth. However, net income was flat due to higher depreciation costs.
- Used car sales normalized with an average of 5,894 vehicles in Seminovos stores in 3Q16, allowing better fleet management.
1. Localiza reported strong growth in key metrics in 1Q17 versus 1Q16, with net revenues up 27.9% and net income up 16.8%.
2. Operational highlights included an 18.8% increase in daily car rentals and a 6.7% increase in daily fleet rentals.
3. The average price of cars purchased and sold increased significantly in 1Q17 compared to 1Q16, reflecting Localiza's focus on higher value vehicles.
This document summarizes Localiza Rent a Car's 2Q14 results. Key highlights include an 11.3% increase in consolidated net revenues to R$1.849 billion. EBITDA grew 7.3% in 2Q14 to R$241.6 million. Net income was impacted by higher interest rates but partially offset by increased EBITDA and lower car depreciation. Free cash flow was R$217.2 million in 1H14 and the strong cash generation allowed net debt to remain stable at R$1.332 billion despite investments in a new headquarters.
- Leonardo delivered strong results in the first 9 months of 2016 despite challenging market conditions, with record new orders of €15.5 billion driven by the €7.95 billion Eurofighter contract for Kuwait.
- Profitability improved with net income more than doubling to €343 million, supported by lower financial expenses.
- The company expects continued good performance in the fourth quarter and remains on track to meet full-year guidance.
The document provides a trading statement and financial information for HeidelbergCement for 2014. Some key points:
- Solid volume increases were seen in all business lines across the group. Revenue increased 8% on a like-for-like basis and operating EBITDA increased 9% on a like-for-like basis.
- The disposal of the Building Products business line was successfully completed for 1.4 billion USD. Net debt was reduced to below 7 billion EUR.
- 5.6 million tons of new cement capacity was commissioned in Africa, Indonesia, and Kazakhstan.
- In North America, the market recovery continued with prices up across all business lines and regions. Volumes also increased
HeidelbergCement achieved its key operational and financial targets for 2014. Revenue increased 4% to €12.6 billion and operating EBITDA increased 3% to €2.3 billion. Net debt was significantly reduced through the successful disposal of the building products business for over €1.2 billion. The dividend was proposed to increase 25% to €0.75 per share. For 2015, double digit percentage increases are expected in revenue, operating income and net income, and net debt/EBITDA is targeted to remain below 2.8x.
Leonardo presented its 3Q/9M 2017 financial results. Helicopter division results were weaker than expected due to ongoing market and execution challenges. While Aeronautics and Defense Electronics results were broadly in line with expectations, the overall 2017 guidance was made tougher reflecting issues in Helicopters. Actions have been taken to address Helicopter issues including management changes and optimizing production processes. Overall, the company remains confident in its medium-term growth opportunities across its three key pillars of Helicopters, Defense Electronics, and Aeronautics.
Localiza reported strong financial results for 4Q16 and full year 2016, with revenue growth of 19% and 15% respectively. The company expanded its car rental fleet by 17,401 vehicles to meet increasing demand, while maintaining a high fleet utilization rate of 73.4%. Net income increased slightly by 1.7% in 2016 despite higher depreciation and interest expenses. Localiza continued to invest in growing its operations and improving customer service.
Ceat reported a 17.1% year-over-year increase in net sales for the second quarter of fiscal year 2011, reaching Rs. 843 crore. However, operating margins declined sharply to 5.2% from 14.8% due to a 54.6% rise in raw material costs from increased rubber prices. Net profit fell 75.2% year-over-year to Rs. 15.3 crore as margins contracted. Despite the decline in margins, the analyst maintains a "Buy" recommendation on Ceat due to attractive valuations and expectations that capacity additions will help support future revenue growth as demand increases.
- The company reported strong growth in 2017 with net revenue reaching R$6.1 billion, a 36.5% increase. Fleet size ended at 194,279 cars.
- Net income increased 37.6% to R$563.4 million. The company acquired Hertz operations in Brazil and integrated them.
- Car rental segment saw 48.2% volume growth in 4Q17 and net revenue growth of 35.4% for the year. Fleet rental also experienced solid gains.
- The company invested heavily in fleet expansion, adding over 52,000 cars. Free cash flow before growth spending was R$871.8 million.
The document is an earnings presentation from Generali Group for 9M 2014 results. Some key highlights include:
- Operating result increased 12.8% to €3.677 billion driven by strong performances across life, P&C, and other business segments.
- Net income was stable at €1.588 billion reflecting gains in the prior year from discontinued operations.
- Solvency I ratio improved significantly to 160% from 141% due to successful bond placement and financial market performance.
Most ambitious SBTi targets Q12021 Financial results
- Hera achieved the most ambitious Science Based Targets initiative (SBTi) emissions reduction targets among Italian multi-utilities, committing to reduce Scope 1, 2 and 3 emissions by 36.7% by 2030.
- Hera's Q1 2021 financial results showed growth compared to Q1 2020, with a 3.7% increase in EBITDA to €362 million and a 6.3% rise in net profit to €132 million.
- Cash flow generation remained strong in Q1 2021, allowing for further business expansion.
The document reports on Localiza's performance in the first quarter of 2018. It shows that Localiza increased its market share in the car rental market to 52.2% and maintained its market share in the fleet rental market. Localiza's key operating metrics like number of cars sold, rental days, and fleet size all grew compared to the first quarter of 2017. The company experienced strong revenue, income, and cash flow growth. Consolidated revenues grew 36.1% and EBITDA grew 33.8% compared to the first quarter of 2017.
Interplex Holdings Ltd reported financial results for the fourth quarter of fiscal year 2015, with revenue increasing 57% year-over-year to $238.4 million. Gross profit margin improved from 14.2% to 17.3% over the same period. Profit after tax also increased substantially, growing from $2 million in 4QFY14 to $18.3 million in 4QFY15. For the full fiscal year 2015, revenue rose 53% to $969.5 million compared to fiscal year 2014, with net profits up 147% to $44.4 million. The company saw growth across most industry segments, with consumer electronics and networking/enterprise servers representing its largest sources of revenue.
Analyst presentation: Risultati al 31 marzo 2014Hera Group
Hera Group reported its Q1 2014 results, highlighting growth despite the mild winter. Revenues decreased 10.4% to €1.29 billion due to lower gas sales from the mild winter. EBITDA increased 1.7% to €275.6 million driven by market expansion, efficiencies and regulated revenues offsetting the winter impact. Net profit increased 3% to €83.2 million benefiting from lower taxes. The results demonstrated the effectiveness of Hera's strategy for balanced growth across its business divisions.
This document is Hera Group's business plan from 2014 to 2018. It outlines Hera's strategy to grow its EBITDA above 1 billion Euros through organic growth and mergers and acquisitions (M&A). The plan focuses on four strategic priorities: excellence, growth, innovation, and efficiency. Hera aims to lead industry consolidation in Italy and expand in waste, energy, and liberalized markets. The business plan forecasts EBITDA growth across Hera's key business areas of networks, waste, and energy through various organic growth initiatives and M&A targets. Hera's capex plan of 2.1 billion Euros over the period is expected to support this growth while enhancing returns.
The document summarizes Localiza's 1Q16 earnings results. Key highlights include an 11.3% increase in consolidated net revenues despite an adverse macroeconomic scenario. The car rental division saw a 6.4% increase in net revenues due to higher average rental rates. EBITDA increased 5.5% to R$258.4 million compared to 1Q15, driven by growth in both the car and fleet rental divisions. Overall results were positively impacted by commercial initiatives to stimulate demand and increase fleet utilization rates.
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
The document provides financial highlights for Localiza's 3Q17 and 9M17 results. Some key points:
- Revenues increased 30.4% in Car Rental and 15.3% in Fleet Rental for 3Q17. The total fleet size was 185,390 vehicles at the end of 3Q17.
- EBITDA grew 31.8% in 3Q17. Net income increased 34.3% despite one-time costs of integrating Hertz Brazil operations.
- Localiza achieved strong growth across key metrics in 3Q17 such as vehicles sold, rental days, revenues and profits, while maintaining high fleet utilization rates.
- The company reported a 25.2% increase in car rental volume and a 14.3% increase in car rental revenues in 3Q16 compared to the previous year. Fleet size reached a peak of 136,202 vehicles at the end of 9M16, an increase of 18,060 vehicles.
- EBITDA increased by R$13.3 million in 3Q16 and R$37.9 million in 9M16 supported by revenue growth. However, net income was flat due to higher depreciation costs.
- Used car sales normalized with the delivery of ordered vehicles from automakers, allowing the company to increase its fleet turnover.
- The company reported a 25.2% increase in car rental volume and a 14.3% increase in car rental revenues in 3Q16 compared to the previous year. Fleet size reached a peak of 136,202 vehicles at the end of 9M16, an increase of 18,060 vehicles.
- EBITDA increased by R$13.3 million in 3Q16 and R$37.9 million in 9M16 supported by revenue growth. However, net income was flat due to higher depreciation costs.
- Used car sales normalized with an average of 5,894 vehicles in Seminovos stores in 3Q16, allowing better fleet management.
1. Localiza reported strong growth in key metrics in 1Q17 versus 1Q16, with net revenues up 27.9% and net income up 16.8%.
2. Operational highlights included an 18.8% increase in daily car rentals and a 6.7% increase in daily fleet rentals.
3. The average price of cars purchased and sold increased significantly in 1Q17 compared to 1Q16, reflecting Localiza's focus on higher value vehicles.
This document summarizes Localiza Rent a Car's 2Q14 results. Key highlights include an 11.3% increase in consolidated net revenues to R$1.849 billion. EBITDA grew 7.3% in 2Q14 to R$241.6 million. Net income was impacted by higher interest rates but partially offset by increased EBITDA and lower car depreciation. Free cash flow was R$217.2 million in 1H14 and the strong cash generation allowed net debt to remain stable at R$1.332 billion despite investments in a new headquarters.
- Leonardo delivered strong results in the first 9 months of 2016 despite challenging market conditions, with record new orders of €15.5 billion driven by the €7.95 billion Eurofighter contract for Kuwait.
- Profitability improved with net income more than doubling to €343 million, supported by lower financial expenses.
- The company expects continued good performance in the fourth quarter and remains on track to meet full-year guidance.
The document provides a trading statement and financial information for HeidelbergCement for 2014. Some key points:
- Solid volume increases were seen in all business lines across the group. Revenue increased 8% on a like-for-like basis and operating EBITDA increased 9% on a like-for-like basis.
- The disposal of the Building Products business line was successfully completed for 1.4 billion USD. Net debt was reduced to below 7 billion EUR.
- 5.6 million tons of new cement capacity was commissioned in Africa, Indonesia, and Kazakhstan.
- In North America, the market recovery continued with prices up across all business lines and regions. Volumes also increased
HeidelbergCement achieved its key operational and financial targets for 2014. Revenue increased 4% to €12.6 billion and operating EBITDA increased 3% to €2.3 billion. Net debt was significantly reduced through the successful disposal of the building products business for over €1.2 billion. The dividend was proposed to increase 25% to €0.75 per share. For 2015, double digit percentage increases are expected in revenue, operating income and net income, and net debt/EBITDA is targeted to remain below 2.8x.
Leonardo presented its 3Q/9M 2017 financial results. Helicopter division results were weaker than expected due to ongoing market and execution challenges. While Aeronautics and Defense Electronics results were broadly in line with expectations, the overall 2017 guidance was made tougher reflecting issues in Helicopters. Actions have been taken to address Helicopter issues including management changes and optimizing production processes. Overall, the company remains confident in its medium-term growth opportunities across its three key pillars of Helicopters, Defense Electronics, and Aeronautics.
Localiza reported strong financial results for 4Q16 and full year 2016, with revenue growth of 19% and 15% respectively. The company expanded its car rental fleet by 17,401 vehicles to meet increasing demand, while maintaining a high fleet utilization rate of 73.4%. Net income increased slightly by 1.7% in 2016 despite higher depreciation and interest expenses. Localiza continued to invest in growing its operations and improving customer service.
Ceat reported a 17.1% year-over-year increase in net sales for the second quarter of fiscal year 2011, reaching Rs. 843 crore. However, operating margins declined sharply to 5.2% from 14.8% due to a 54.6% rise in raw material costs from increased rubber prices. Net profit fell 75.2% year-over-year to Rs. 15.3 crore as margins contracted. Despite the decline in margins, the analyst maintains a "Buy" recommendation on Ceat due to attractive valuations and expectations that capacity additions will help support future revenue growth as demand increases.
- The company reported strong growth in 2017 with net revenue reaching R$6.1 billion, a 36.5% increase. Fleet size ended at 194,279 cars.
- Net income increased 37.6% to R$563.4 million. The company acquired Hertz operations in Brazil and integrated them.
- Car rental segment saw 48.2% volume growth in 4Q17 and net revenue growth of 35.4% for the year. Fleet rental also experienced solid gains.
- The company invested heavily in fleet expansion, adding over 52,000 cars. Free cash flow before growth spending was R$871.8 million.
The document is an earnings presentation from Generali Group for 9M 2014 results. Some key highlights include:
- Operating result increased 12.8% to €3.677 billion driven by strong performances across life, P&C, and other business segments.
- Net income was stable at €1.588 billion reflecting gains in the prior year from discontinued operations.
- Solvency I ratio improved significantly to 160% from 141% due to successful bond placement and financial market performance.
Most ambitious SBTi targets Q12021 Financial results
- Hera achieved the most ambitious Science Based Targets initiative (SBTi) emissions reduction targets among Italian multi-utilities, committing to reduce Scope 1, 2 and 3 emissions by 36.7% by 2030.
- Hera's Q1 2021 financial results showed growth compared to Q1 2020, with a 3.7% increase in EBITDA to €362 million and a 6.3% rise in net profit to €132 million.
- Cash flow generation remained strong in Q1 2021, allowing for further business expansion.
The document reports on Localiza's performance in the first quarter of 2018. It shows that Localiza increased its market share in the car rental market to 52.2% and maintained its market share in the fleet rental market. Localiza's key operating metrics like number of cars sold, rental days, and fleet size all grew compared to the first quarter of 2017. The company experienced strong revenue, income, and cash flow growth. Consolidated revenues grew 36.1% and EBITDA grew 33.8% compared to the first quarter of 2017.
Interplex Holdings Ltd reported financial results for the fourth quarter of fiscal year 2015, with revenue increasing 57% year-over-year to $238.4 million. Gross profit margin improved from 14.2% to 17.3% over the same period. Profit after tax also increased substantially, growing from $2 million in 4QFY14 to $18.3 million in 4QFY15. For the full fiscal year 2015, revenue rose 53% to $969.5 million compared to fiscal year 2014, with net profits up 147% to $44.4 million. The company saw growth across most industry segments, with consumer electronics and networking/enterprise servers representing its largest sources of revenue.
Analyst presentation: Risultati al 31 marzo 2014Hera Group
Hera Group reported its Q1 2014 results, highlighting growth despite the mild winter. Revenues decreased 10.4% to €1.29 billion due to lower gas sales from the mild winter. EBITDA increased 1.7% to €275.6 million driven by market expansion, efficiencies and regulated revenues offsetting the winter impact. Net profit increased 3% to €83.2 million benefiting from lower taxes. The results demonstrated the effectiveness of Hera's strategy for balanced growth across its business divisions.
This document is Hera Group's business plan from 2014 to 2018. It outlines Hera's strategy to grow its EBITDA above 1 billion Euros through organic growth and mergers and acquisitions (M&A). The plan focuses on four strategic priorities: excellence, growth, innovation, and efficiency. Hera aims to lead industry consolidation in Italy and expand in waste, energy, and liberalized markets. The business plan forecasts EBITDA growth across Hera's key business areas of networks, waste, and energy through various organic growth initiatives and M&A targets. Hera's capex plan of 2.1 billion Euros over the period is expected to support this growth while enhancing returns.
The document summarizes Localiza's 1Q16 earnings results. Key highlights include an 11.3% increase in consolidated net revenues despite an adverse macroeconomic scenario. The car rental division saw a 6.4% increase in net revenues due to higher average rental rates. EBITDA increased 5.5% to R$258.4 million compared to 1Q15, driven by growth in both the car and fleet rental divisions. Overall results were positively impacted by commercial initiatives to stimulate demand and increase fleet utilization rates.
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
Localiza reported its 1Q13 earnings, with net revenues increasing 3.5% for the car rental division and 9.3% for the fleet outsourcing division compared to 1Q12. Net income grew 22.1% to R$88.8 million due to lower net financial expenses and a conservative financial policy. The company's total fleet grew 5.3% to 111,358 vehicles while net debt declined 3.1% to R$1,231.2 million, maintaining a comfortable debt profile.
Localiza Rent a Car reported its earnings for 2Q13 and 1H13. Net revenue increased 6.1% for the car rental division and 11.6% for the fleet outsourcing division in 2Q13. Net income increased significantly, up 34.6% excluding the effect of a tax reduction in 2Q12. The company's fleet grew by 7,569 vehicles in 2Q13 through purchases and sales. Key metrics like debt ratios remained stable and comfortable.
Localiza reported strong financial results for the full year 2013, with record revenues and net income. Net revenues grew 10.7% year-over-year driven by increases in both the car rental and fleet outsourcing divisions. Consolidated net income reached a record R$384 million, up 6.4% over 2012. Free cash flow was R$361 million for the year. Localiza continued expanding its owned rental fleet and network of locations, opening 14 new rental locations in 2013.
Localiza Rent a Car S.A. reported financial results for the fourth quarter and full year 2014. Net revenues increased 10.4% for the year to R$1.284 billion. EBITDA grew 5.8% to R$970 million despite higher costs from reinstating an IPI tax. Free cash flow was R$410 million for the year, allowing the company to invest in expanding and upgrading its fleet while maintaining a comfortable debt position and ratios.
- Localiza Rent a Car reported financial results for the third quarter and first nine months of 2013, with highlights including record consolidated net revenues and net income for the 9 month period
- The car rental division saw a 6.8% increase in net revenues despite lower macroeconomic growth, while the fleet outsourcing division grew net revenues by 5.5%
- The company achieved a record number of car sales in 3Q13 and saw its fleet size increase 10.6% over the past year to over 117,000 vehicles
The document summarizes Localiza Rent a Car's 1Q09 results. Key points include:
- Revenues and fleet size increased year-over-year for both the car rental and fleet rental divisions.
- Net income dropped 43.6% due to falling used car prices and increased financial expenses.
- The company reduced its debt by R$381.5 million during the quarter as the Brazilian economy was impacted by the global crisis.
- Strategies for the current market include keeping fleet size stable, increasing utilization rates, extending debt maturity, and postponing non-essential capex.
The document reports financial results for Localiza Rent a Car S.A. for 4Q08 and full year 2008. It shows the company achieved strong growth rates for revenues and average fleet size in its car and fleet rental divisions over 2007-2008. However, used car sales revenue and quantity sold declined in 4Q08. The company adopted strategies like suspending new car purchases and increasing rental rates to offset higher depreciation costs in 4Q08. For 2009, the company aims to maintain fleet size while increasing utilization and contracting debt only to extend debt profile or reduce costs.
- The document reports financial results for Localiza Rent a Car S.A. for the second quarter and first half of 2009, with comparisons to prior periods.
- Despite unfavorable market conditions, revenues grew 4.8% in the first half of 2009 due to higher volumes and prices. However, depreciation and used car sales resulted in lower net income.
- Strong cash generation of R$504.6 million and debt reduction of R$436.7 million improved financial ratios. The company adjusted its fleet size in response to market conditions.
This document provides an overview of Localiza Rent a Car S.A., including:
- Localiza's history and growth phases from 1973 to present day.
- An overview of Localiza's integrated business platform consisting of car rental, fleet rental, franchising, and used car sales divisions.
- Financial details and competitive advantages of Localiza's car rental and fleet rental divisions.
- Industry data on the car rental market in Brazil and Localiza's leading position within it.
- An agenda outlining topics to be covered in the institutional presentation such as the company overview, business divisions, consolidated results, debt/cash position, and 2Q14 earnings release.
OHL Brasil reported strong financial results for the second quarter of 2005, with net service revenues up 7.9% over the previous quarter and adjusted EBITDA of $58.7 million, a 62.9% margin. Traffic across the company's three toll road concessions increased by 8% in the second quarter compared to the previous year. The company also completed its IPO in July 2005, raising $135 million to fund expansion plans and potential acquisitions.
OHL Brasil reported strong financial results for the second quarter of 2005, with net service revenues up 7.9% over the previous quarter and adjusted EBITDA of $58.7 million, a 62.9% margin. Traffic across the company's three toll road concessions increased between 6.6% and 8.0% over the same period last year. The company continues to generate consistent cash flow with a low debt ratio and prospects for further growth through acquisitions and participation in Brazil's toll road privatization program.
Maruti Suzuki reported a 27% year-over-year increase in net sales to Rs. 9,147 crore for the second quarter of fiscal year 2011, which was 1.9% above estimates. Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin declined 222 basis points year-over-year to 10.5% due to higher raw material costs and royalty charges. However, net profit grew 5% to Rs. 598 crore, beating estimates of Rs. 535 crore due to higher other operating and other income. While top-line growth was supported by a 27.4% increase in vehicle volumes, margins were impacted by rising costs.
Itaú Unibanco reported its 4th quarter 2011 earnings results. Recurring net income reached R$3.7 billion in Q4 2011 and R$14.6 billion for the full year 2011. The loan portfolio grew 3.9% in Q4 2011 and 19.1% over 2010 to a total of R$397 billion. Non-interest expenses grew 1.7% in Q4 2011 and 9.5% for the full year. Total assets grew 4.6% in Q4 2011 to R$851.3 billion while stockholders' equity increased 8% to R$71.3 billion.
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.
- Sales and profits were impacted by external factors such as chip shortages and the Ukraine war, however margin increased due to an improved product mix.
- Assets and income grew due to increased lease volume and a focus on high-value models, despite a decline in overall vehicle sales.
- Solid financial performance was maintained through efficient operations and strong asset quality, while further diversifying funding sources.
This document provides an overview of Localiza Rent a Car S.A., including:
1. The company has three main business divisions: car rental, fleet rental, and used car sales (Seminovos).
2. Localiza has grown significantly since its founding in 1973, becoming the largest car rental company in Brazil through acquisitions and strategic expansion.
3. The company has a large integrated business platform that provides synergies across its divisions and competitive advantages over peers in areas like purchasing power and brand recognition.
Localiza is a Brazilian car rental company founded in 1973. It has grown to become the market leader through strategic acquisitions and expanding into new business divisions over time, including fleet rental, used car sales, and franchising. It has an integrated business platform with synergies across divisions. Localiza has several competitive advantages including its scale in purchasing cars, brand recognition, distribution network, and operational excellence. It aims to continue its strategy of innovation and providing higher value services to customers.
✓ Apresentação institucional de uma das principais locadoras de veículos do Brasil com valor de mercado de R$15,8 bilhões em 30/06/18
✓ Divisões de negócios incluem aluguel de carros, gestão de frotas, seminovos e franquias, com destaque para as divisões de aluguel e gestão de frotas
✓ Vantagens competitivas incluem liderança no mercado, aquisição de veículos em maior volume e melhores condições, e plataforma integrada de neg
Localiza is a Brazilian car rental company that presented at an investor relations presentation in July 2018. The presentation included sections on the company overview, main business divisions, financials, and appendix. Localiza operates in car rental, franchising, fleet rental, and used car sales. It has a market cap of US$4.1 billion and an integrated business platform that provides flexibility and superior performance. Localiza has competitive advantages through its scale in purchasing cars, market leadership in renting cars, and efficiency in selling used cars.
O documento fornece uma visão geral da Localiza, líder de mercado no setor de aluguel de veículos com valor de mercado de R$15,8 bilhões em 30/06/18. Apresenta os principais números da companhia, como uma frota de 208.552 veículos no 2T18, e R$3,6 bilhões em receita líquida no 1S18. Detalha também as vantagens competitivas da Localiza, como maior volume de compra de veículos que permite melhores condições de aquisição, e ampla presença
Localiza is a Brazilian car rental company that held an investor relations presentation in July 2018. The presentation included sections on the company overview, main business divisions, financials, and appendix. Localiza has grown significantly since being founded in 1973, currently has a market capitalization of $4.1 billion, and operates across multiple business divisions including car rental, fleet rental, used car sales, and franchising. The integrated business platform provides synergies and flexibility. Financial results show strong profitability, with the car rental and fleet rental divisions contributing most of the earnings. Localiza has several competitive advantages including scale, brand recognition, an efficient used car sales program, and innovation.
O documento fornece uma visão geral da Localiza, líder de mercado no setor de aluguel de veículos com valor de mercado de R$15,8 bilhões em 30/06/18. Apresenta os principais números da companhia, como uma frota de 208.552 veículos no 2T18, e R$3,6 bilhões em receita líquida no 1S18. Detalha também as vantagens competitivas da Localiza, como maior volume de compra de veículos que permite melhores condições, e liderança no aluguel de
1) A empresa superou a marca de 200 mil carros na plataforma no 2T18, com crescimento de 47,9% no aluguel de carros e 21,4% na gestão de frotas.
2) O EBITDA consolidado foi de R$347,6 milhões no 2T18, um crescimento de 16,4% em relação ao ano anterior, apesar dos impactos da greve de caminhoneiros.
3) A receita líquida consolidada cresceu 29,3% no 2T18, totalizando R$1,74 bil
O documento apresenta os resultados financeiros e operacionais da Localiza no 1T18. A Localiza teve forte crescimento no período, com aumento de 38% na receita líquida e 46,3% no lucro líquido em comparação com o mesmo período do ano anterior. A participação de mercado da Localiza no mercado de aluguel de carros foi de 52,2%, mantendo a liderança no setor.
Localiza is a Brazilian car rental company founded in 1973. It has since expanded into several business divisions including car rental, fleet rental, used car sales, and franchising. The presentation provides an overview of Localiza's history, competitive advantages, financial performance, and each of its main business divisions. Localiza has achieved significant growth and scale, with a market capitalization of over $5 billion as of March 2018. Its integrated business platform and 44 years of experience in fleet management have allowed it to generate higher returns than its cost of debt.
1) A Localiza é líder de mercado no aluguel de carros e gestão de frotas no Brasil, com valor de mercado de R$18,6 bilhões em abril de 2018.
2) A empresa tem vantagens competitivas como maior escala de operação, reconhecimento da marca, tecnologia e excelência operacional.
3) As divisões de aluguel de carros e gestão de frotas são as mais rentáveis e geram caixa para renovar a frota e pagar dívidas.
This document provides an overview of Localiza, a Brazilian car rental company. It discusses Localiza's business divisions including car rental, fleet rental, used car sales, and franchising. It highlights Localiza's competitive advantages such as its integrated business platform, leadership in car purchasing which allows better conditions, largest distribution network in Brazil, and innovation in digital technologies. Financial information is presented showing Localiza's profitability comes primarily from its car rental and fleet rental divisions. [/SUMMARY]
1. Apresenta visão geral da Localiza, sua história, principais divisões de negócios e dados financeiros do 1T18.
2. Destaca as vantagens competitivas da Localiza, incluindo captação de recursos em melhores condições, maior volume de compra de carros e liderança no aluguel de carros.
3. Explica o ciclo financeiro do aluguel de carros, onde a receita da venda dos carros no final do ciclo de um ano compensa os custos fixos e variáveis.
1) A Localiza é líder no mercado brasileiro de aluguel de carros com valor de mercado de R$18,6 bilhões e frota de 193.260 carros no 1T18.
2) Sua principal fonte de receita e lucratividade está nas divisões de aluguel de carros e gestão de frotas.
3) As vantagens competitivas incluem maior escala de operação, reconhecimento da marca, excelência operacional e inovação tecnológica.
Localiza is a Brazilian car rental company founded in 1973. It has grown to become a market leader through strategic acquisitions and expanding into adjacent business areas like used car sales, fleet rental, and franchising. The presentation reviews Localiza's business divisions and competitive advantages, including its integrated business platform, scale in purchasing cars, brand recognition, and focus on innovation. Financial information for the first quarter of 2018 shows the company's profitability comes mainly from car rental and fleet rental.
Localiza is a Brazilian car rental company founded in 1973. It has grown to become the market leader through strategic acquisitions and expanding into adjacent business lines like fleet rental, used car sales, and franchising. The presentation reviews Localiza's history, integrated business platform, financial performance, and competitive advantages. It achieves higher profitability than peers through scale benefits, lower funding costs, and operational efficiencies across its business divisions.
O documento apresenta a Localiza, líder no mercado brasileiro de aluguel de carros. Resume suas principais divisões de negócios, dados financeiros de 2017 e vantagens competitivas, como escala de operações, marca reconhecida e excelência operacional. A Localiza tem foco em geração de valor para acionistas com rentabilidade consistente e retorno sobre capital investido acima do custo da dívida.
O documento apresenta a Localiza, líder no mercado brasileiro de aluguel de carros. Resume suas principais divisões de negócios, vantagens competitivas e desempenho financeiro, destacando o aluguel de carros e gestão de frotas como suas divisões mais rentáveis.
1) A Localiza apresentou crescimento de receita líquida de 36,5% no 4T17, alcançando R$6,1 bilhões, com lucro líquido de R$563,4 milhões, um aumento de 37,6%.
2) A frota final de período foi de 194.279 carros, um crescimento de 32,3% em relação ao ano anterior.
3) A aquisição e integração das operações da Hertz no Brasil contribuiu para os resultados.
The document provides an overview of Localiza, a car rental company based in Brazil. It discusses Localiza's business divisions including car rental, fleet rental, and used car sales. It highlights Localiza's competitive advantages such as its integrated business platform, leadership in loyalty and quality, efficient used car sales, and innovation in technology. Financial details are presented showing that profitability comes mainly from the car rental and fleet rental divisions.
1) O documento apresenta uma visão geral da Localiza, suas principais divisões de negócios e dados financeiros, além de detalhar suas vantagens competitivas, como experiência de 44 anos, liderança no mercado brasileiro de aluguel de carros, aquisição de veículos em grande escala e excelência operacional.
2) As principais divisões de negócios da Localiza são aluguel de carros, gestão de frotas, seminovos e franquias, sendo que a rentabilidade vem principalmente de aluguel de carros
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
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Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
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2. 2
Highlights
Net Revenues - Car Rental Division (R$ million) Net Revenues - Fleet Rental Division (R$ million)
296.4 327.8
2Q15 2Q16
149.9 159.5
2Q15 2Q16
223,0 234,3
2Q15 2Q16
93,4 98,0
2Q15 2Q16
Consolidated EBITDA (R$ million) Consolidated Net Income (R$ million)
Utilization rate evolution – Car RentalRental days evolution (thousand)– Car Rental
66,3%
69,0%
70,7% 71,1%
73,4% 73,7%
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
3.812 3.780
3.871
4.111
4.242 4.308
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
3. 3
Number of Daily Rentals (thousands)
The Company continued to perform strong volume growth in 2Q16 in an adverse
macro and highly competitive environment.
802,2
980,7 1.093,7 1.163,5 1.284,4 1.258,0
606,4 667,5
296,4 327,8
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
10.734
12.794 13.749 14.242 15.416 15.566
7.584 8.550
3.780 4.308
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
Net Revenues (R$ million)
Car Rental
4. Average daily rental evolution and utilization rate
Car Rental Division
4
In 2Q16, the average daily rental rate was adjusted to the post summer
vacation mix. Demand stimulation resulted in higher utilization rate
Average daily rental – In R$ Utilization rate
66,3%
69,0%
70,7% 71,1%
73,4% 73,7%
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
85,26
81,85
85,93 85,11 83,61
79,41
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
-3.0%
5. 5
Car Rental network evolution
Number of car rental locations (Brazil and abroad)
8 new corporate locations were added to the network
Localiza´s branches - Brazil Franchisees´ branches - Brazil Franchisees´ branches - abroad
234 247 272 286 304 320 328
181 202 202 193 172 174 16661 47 50 63 64 70 71476 496 524 542 540 564 565
2010 2011 2012 2013 2014 2015 1H16
+8
6. 6
Fleet Rental Division
6.4% increase in net revenues due to higher average rental rate
361,1
455,0
535,7 575,9 571,9 608,5
298,8 317,9
149,9 159,5
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
8.044
9.603
10.601 10.844 10.363 10.901
5.484 5.507
2.739 2.761
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
Net Revenues (R$ million)
Number of Daily Rentals (thousands)
7. Purchases (includes accessories) Used car sales net revenues
Cars purchased Cars sold
7
Net investment
Fleet Expansion* (quantity)
Net Investment in Fleet (R$ million)
9,178 2,011 7,10318,649
* It does not include theft / crashed cars.
9,183
465.0
(273)
65.934
59.950 58.655
69.744
79.804
64.032
26.851 31.009
16.211
24.020
47.285 50.772 56.644
62.641
70.621 64.305
33.520 30.187
16.071 13.839
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
(6,669) 822
140
10,181
1.910,4 1.776,5 1.618,8
2.026,2
2.483,2 2.278,4
901,3
1.133,9
552,3
878,7
1.321,9
1.468,1 1.520,0
1.747,3
2.018,2 2.044,9
1.043,2 1.016,4
499,2 471,7
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
In 2Q16, 24,020 new cars were bought and 13,839 cars were sold, resulting in an
increase of 10,181 cars and net investment of R$407.0 million
308.4 98.8
588.5 278.9
233.5
(141.9) 117.5
53.1
407.0
8. 31,22 31,10
31,98
33,23 33,34
34,14
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
+ 9.8%
Average price of cars sold and purchased
Consolidated
9.8% increase in average prices of cars sold in 2Q16 x 2Q15, mainly due to
change in fleet composition
Average price of cars sold
In R$ thousand
8
Average price of cars purchased
In R$ thousand
32,76
34,03
34,67
38,63
36,40 36,55
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
+ 7.4%
Change in the fleet composition
Change in the fleet composition
11. Car sales
Car sales were impacted by the reduction of decommissioning cars for fleet
renewal due to the car rental growth and delays in new cars deliveries
17.449
16.071 15.738
15.047
16.348
13.839
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Number of cars sold
11
5.296
7.428
8.534
7.253
5.355
3.662
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Cars in Seminovos stores (Average)
12. 12
Consolidated EBITDA
R$ million
(*)From 2012 onwards, accessories and freight of new cars have been accounted directly in the cost line, impacting EBITDA but
reducing depreciation costs.
(**) It considers the new appropriation criteria of the overhead, which is also appropriated to Seminovos.
Divisions 2010* 2011* 2012 2013 2014** 2015 1H15 1H16 2Q15 2Q16
Car Rental 45.3% 46.9% 40.9% 36.8% 38.7% 31.8% 32.4% 33.1% 30.3% 31.6%
Fleet Rental 68.0% 68.6% 66.4% 65.5% 60.0% 62.2% 61.1% 64.8% 62.8% 65.0%
Rental Consolidated 52.3% 53.8% 49.3% 46.5% 45.3% 41.7% 41.9% 43.3% 41.3% 42.6%
Used Car Sales 2.6% 2.8% 4.2% 5.7% 6.0% 7.3% 8.2% 6.1% 7.5% 5.3%
EBITDA grew R$11.3 million in the 2Q16 x 2Q15
649,5
821,3 875,6 916,5 969,8 934,8
467,8 492,7
223,0 234,3
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
+ R$24.9 million
+ R$11.3 million
13. 13
Average depreciation per car (in R$)
Car Rental
Depreciation in 2Q16 reflects new car prices that are rising below inflation.
1.536 1.684
1.896 1.452 1.270
622
917
2010 2011 2012 2013 2014 2015 1H16
2,076
IPI Effect
3,972
*
* Annualized
3.510
4.133
4.311
4.592
4.202 3.935 3.981
2010 2011 2012 2013 2014 2015 1H16
1,097
Efeito IPI
5,408
*
* Annualized
Fleet Rental
14. 14
*2012 EBIT was impacted by R$144.5 million due to the additional depreciation related to the reduction in IPI (sales tax).
Consolidated EBIT
R$ million
Divisions 2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
Car Rental 38.5% 38.8% 23.7% 32.8% 36.2% 34.3% 36.5% 32.5% 34.3% 29.3%
Fleet Rental 46.2% 45.6% 36.9% 45.1% 44.3% 48.9% 47.1% 50.6% 50.7% 50.7%
Consolidated 41.0% 41.1% 28.3% 37.1% 38.8% 39.1% 40.0% 38.4% 39.8% 36.4%
The EBITDA increase was offset by higher depreciation, resulting in stable EBIT in
2Q16
482,1
595,7
465,8
652,1
726,7 735,5
365,5 381,5
179,4 179,0
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
610.3*
15. 15
* Pro forma 2012 net income excluding additional depreciation related to the IPI tax reduction, net of income tax.
Consolidated net income
R$ million
4.9% increase in 2Q16 net income
250,5
291,6
240,9
384,3 410,6 402,4
193,6 201,0
93,4 98,0
2010 2011 2012 2013 2014 2015 1H15 1H16 2Q15 2Q16
336.3*
Reconciliation EBITDA x Net income 2010 2011 2012 2013 2014 2015 1H15 1H16 Var. R$ Var. % 2Q15 2Q16 Var. R$Var. %
Consolidated EBITDA 649.5 821.3 875.6 916.5 969.8 934.8 467.8 492.7 24.9 5.3% 223.0 234.3 11.3 5.1%
Cars depreciation (146.3) (201.5) (232.4) (229.0) (207.4) (163.6) (84.6) (92.1) (7.5) 8.9% (34.7) (45.8) (11.1) 32.0%
Cars additional depreciation – IPI effect - - (144.5) - - - - - - - - - - -
Other property depreciation and amortization (21.1) (24.1) (32.9) (35.4) (35.7) (35.7) (17.7) (19.1) (1.4) 7.9% (8.9) (9.5) (0.6) 6.7%
Financial expenses, net (130.1) (179.0) (138.7) (110.6) (151.1) (202.7) (99.4) (117.2) (17.8) 17.9% (51.5) (49.5) 2.0 -3.9%
Income tax and social contribution (101.5) (125.1) (135.3) (157.2) (165.0) (130.4) (72.5) (63.3) 9.2 -12.7% (34.5) (31.5) 3.0 -8.7%
Income tax and social contribution – IPI effect - - 49.1 - - - - - - - - - - -
Net income of the period 250.5 291.6 240.9 384.3 410.6 402.4 193.6 201.0 7.4 3.8% 93.4 98.0 4.6 4.9%
16. 16
Free cash flow - FCF
Free cash flow - R$ million 2010 2011 2012 2013 2014 2015 1H16
w
Operations
EBITDA 649.5 821.3 875.6 916.5 969.8 934.8 492.7
Used car sale revenue, net from taxes (1,321.9) (1,468.1) (1,520.0) (1,747.3) (2,018.2) (2,044.9) (1,016.4)
Depreciated cost of cars sold (*) 1,203.2 1,328.6 1,360.2 1,543.8 1,777.0 1,769.1 901.4
(-) Income tax and social contribution (57.8) (83.0) (100.9) (108.5) (113.1) (110.7) (55.9)
Change in working capital 54.5 (83.9) 37.1 2.9 (27.1) (30.0) (31.7)
Cash generated by rental operations 527.5 514.9 652.0 607.4 588.4 518.3 290.1
Capex-
Renewals
Used car sale revenue, net from taxes 1,321.9 1,468.1 1,520.0 1,747.3 2,018.2 2,036.3 1,016.4
Fleet renewal investment (1,370.1) (1,504.5) (1,563.3) (1,819.7) (2,197.7) (2,278.4) (1,103.8)
Net investment for fleet renewal (48.2) (36.4) (43.3) (72.4) (179.5) (242.1) (87.4)
Fleet renewal – quantity 47,285 50,772 56,644 62,641 70,621 64,032 30,187
Investment, other property and intangibles investments (50.6) (59.9) (77.8) (47.5) (46.3) (29.7) (19.9)
Free cash flow from operations, net of fleet renewal capex 428.7 418.6 530.9 487.5 362.6 246.5 182.8
Capex-Growth
Fleet growth (investment) (540.3) (272.0) (55.5) (209.4) (286.8) 8.6 (30.1)
Change in accounts payable to car suppliers 111.3 32.7 (116.9) 89.7 334.4 (121.2) 19.7
Fleet growth (429.0) (239.3) (172.4) (119.7) 47.6 (112.6) (10.4)
Fleet increase / (reduction) – quantity 18,649 9,178 2,011 7,103 9,183 (273) 822
Free cash flow after growth, and before interest and new HQ (0.3) 179.3 358.5 367.8 410.2 133.9 172.4
Capex–
HQ
Investment in the construction of the new HQ (0.5) (3.1) (2.4) (6.5) (55.7) (123.3) (21.4)
Marketable securities – new HQ - - - - (92.6) 92.6 -
New headquarters construction (0.5) (3.1) (2.4) (6.5) (148.3) (30.7) (21.4)
Free cash flow before interest (0.8) 176.2 356.1 361.3 261.9 103.2 151.0
Free cash flow
(*) without the technical discounts reduction up to 2010
17. 17
Changes in net debt
R$ million
The increase of R$35.8 million in net debt was mainly due higher dividends distribution
182,8
(117,2)
(30,1)
19,7
(21,4)
(69,6)
(1,624.4)
Net Debt
06/30/2016
(1,588.6)
Net Debt
12/31/2015
Free cash flow before
growth, interest and
headquarters
Interest
Fleet
increase
Increase in
accounts
payable to
cars
suppliers
New
headquarters
construction Dividends
+65.6 (10.4) (91.0)
18. 18
Debt maturity profile (principal)
R$ million
The Company is still presenting strong cash position and adequate debt profile for
the current macro and growth landscape
As of June 30, 2016
202,6
487,7
264,6
619,5
770,0
672,5
2016 2017 2018 2019 2020 2021
Cash
1,467.1
2016
954.9
19. 19
Debt - ratios
Net debt vs. Fleet value
BALANCE AT THE END OF PERIOD 2010(*) 2011 2012 2013 2014 2015 1H16
Net debt / Fleet value 52% 51% 48% 48% 40% 44% 43%
Net debt / EBITDA(**) 2.0x 1.7x 1.4x 1.5x 1.4x 1.7x 1.6x
Net debt / Equity 1.4x 1.2x 0.9x 1.0x 0.8x 0.8x 0.8x
EBITDA / Net financial expenses 5.0x 4.6x 6.3x 8.3x 6.4x 4.6x 4.2x
(*) 2010 ratios based on USGAAP financial statements
(**) Annualized
Net debt Fleet value
Comfortable debt ratios
1,281.1 1,363.4 1,231.2 1,332.8 1,322.3 1,588.6 1,624.4
2,446.7
2,681.7 2,547.6
2,797.9
3,296.3
3,642.7 3,784.1
2010 2011 2012 2013 2014 2015 1H16
20. 20
ROIC versus cost of debt after taxes
Spread of 5.2p.p.
despite the adverse scenario and high interest rates
7.3%
8.6%
6.3% 6.0%
8.0%
9.5% 10.2%
16.9% 17.1%
16.1% 16.5%
17.5% 17.0%
15.4%
2010 2011 2012 2013 2014 2015 1H16
ROIC
Cost of debt
after taxes
9.6p.p. 8.5p.p. 9.5p.p.
9.8p.p. 10.5p.p.
7.5p.p. 5.2p.p.
2010 to 2014 ROIC considered income tax rate of 30.0%
2015 and 2Q16 ROIC considered income tax rate of 24.5%
Annualized
21. Thank You!
The material presented is a presentation of general background information about LOCALIZA as of the date of the presentation. It is information in summary
form and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representation or warranty, express or
implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are only projections and are not guarantees of future performance. Investors are cautioned
that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and
business environments of LOCALIZA and its subsidiaries that may cause the actual results of the companies to be materially different from any future results
expressed or implied in such forward-looking statements.
Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information
currently available to LOCALIZA’s management, LOCALIZA cannot guarantee future results or events. LOCALIZA expressly disclaims a duty to update any of
the forward-looking statement.
Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of 1933.
This presentation does not constitute an offer, invitation or solicitation of an offer to subscribe to or purchase any securities. Neither this presentation nor anything
contained herein shall form the basis of any contract or commitment whatsoever.
www.localiza.com/ri
Email: ri@localiza.com
Tel: 55 31 3247-7024
Disclaimer