- Consolidated traffic fell 5.5% in 2Q18 compared to 2Q17. Adjusted EBITDA on a same-basis increased 1.0% to R$1,091.7 million, with a margin of 58.3% (-0.4 p.p.). Net income on a same-basis totaled R$300.9 million, down 5.2%.
- Leonardo Couto Vianna took over as CEO of CCR on August 1, 2018. ViaMobilidade's commercial operations began on August 4, 2018.
- Gross debt totaled R$16.6 billion as of June 30, 2018, with an average cost of debt of C
- Traffic grew 2.3% consolidated and 3.1% proforma including recent acquisitions
- Adjusted EBITDA increased 9.3% on a same-basis and 17.0% reported, with margins of 62.0% and 62.2% respectively
- Net income grew 32.3% on a same-basis and 35.8% as reported
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- Key corporate events included acquiring control of ViaQuatro and increasing stake in ViaRio
- Financial highlights showed increases in revenues, adjusted EBITDA, and net income, while margins expanded significantly
- Costs grew due to variable compensation, collective bargaining agreements, and one-off acquisition effects
- Fundraising efforts in the quarter raised over R$1.3 billion, while debt metrics like net debt/EBITDA remained stable
- CPFL reported financial results for 2Q18 with net revenue growth of 16.5% and EBITDA growth of 33.3% compared to 2Q17.
- Key drivers included a 3.8% increase in energy demand, tariff increases, and the start-up of new renewable generation projects.
- Net debt was R$15.7 billion with leverage of 3.11x net debt/EBITDA, and the company secured R$3.4 billion in new funding.
- Traffic fell 7.0% in 4Q16 compared to 4Q15. Adjusted EBITDA increased 0.4% with a margin of 58.4% (+0.2 p.p.).
- Net income totaled R$169.5 million, down 30.8%. Same-basis net income was R$214.4 million, down 12.9%.
- In February 2017, the Company announced the completion of a primary share offering that raised R$4.07 billion through the issue of 254 million new shares.
- Traffic fell 2.8% in 1Q17 compared to 1Q16. Adjusted EBITDA increased 3.9% to R$1.03 billion with a margin of 61.0%.
- Net income was R$329.0 million, down 32.9%. Excluding new businesses, net income was R$338.5 million, down 46.6%.
- Gross debt was R$14.9 billion, up 1.1%. Net debt to EBITDA was 1.8x. The Company raised R$362 million in local debt and USD$8 million in international loans.
- Traffic grew 4.1% in 3Q17 compared to 3Q16. Adjusted EBITDA on a same-basis grew 5.7% with margins of 63.8% (+0.6 p.p.). Net income on a same-basis grew 63.1%.
- Cash costs were up 2.0% on a same-basis to R$731 million due to inflation adjustments. Adjusted EBITDA was up 5% on a same-basis to R$1.28 billion.
- Gross debt was R$14.7 billion, with net debt/EBITDA of 2.2x. The company raised R$1.295 billion in new debt in 3
CCR reported financial results for the third quarter of 2016. Consolidated traffic decreased 1.5% year-over-year excluding a new acquisition. Adjusted EBITDA increased 151.1% due to a one-time gain from the sale of STP shares, or increased 3.2% excluding this gain. Net profit reached R$1,151.1 million, an increase of 366.0% driven primarily by the STP sale, or decreased 1.7% excluding one-time items. CCR also provided highlights on recent debt issuances and an extension of its debt maturity profile.
- Traffic fell 2.8% in 4Q15 excluding new businesses. Toll collection via electronic means increased to 69% of total.
- Adjusted EBITDA on a same-basis increased slightly by 0.4% with margins of 59.8%. Net income on the same basis fell 19.1%.
- The company addressed 42% of debt maturing in 2016-2017 and obtained new funding of over R$3.6 billion in 4Q15 at favorable rates.
- Traffic grew 2.3% consolidated and 3.1% proforma including recent acquisitions
- Adjusted EBITDA increased 9.3% on a same-basis and 17.0% reported, with margins of 62.0% and 62.2% respectively
- Net income grew 32.3% on a same-basis and 35.8% as reported
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- Key corporate events included acquiring control of ViaQuatro and increasing stake in ViaRio
- Financial highlights showed increases in revenues, adjusted EBITDA, and net income, while margins expanded significantly
- Costs grew due to variable compensation, collective bargaining agreements, and one-off acquisition effects
- Fundraising efforts in the quarter raised over R$1.3 billion, while debt metrics like net debt/EBITDA remained stable
- CPFL reported financial results for 2Q18 with net revenue growth of 16.5% and EBITDA growth of 33.3% compared to 2Q17.
- Key drivers included a 3.8% increase in energy demand, tariff increases, and the start-up of new renewable generation projects.
- Net debt was R$15.7 billion with leverage of 3.11x net debt/EBITDA, and the company secured R$3.4 billion in new funding.
- Traffic fell 7.0% in 4Q16 compared to 4Q15. Adjusted EBITDA increased 0.4% with a margin of 58.4% (+0.2 p.p.).
- Net income totaled R$169.5 million, down 30.8%. Same-basis net income was R$214.4 million, down 12.9%.
- In February 2017, the Company announced the completion of a primary share offering that raised R$4.07 billion through the issue of 254 million new shares.
- Traffic fell 2.8% in 1Q17 compared to 1Q16. Adjusted EBITDA increased 3.9% to R$1.03 billion with a margin of 61.0%.
- Net income was R$329.0 million, down 32.9%. Excluding new businesses, net income was R$338.5 million, down 46.6%.
- Gross debt was R$14.9 billion, up 1.1%. Net debt to EBITDA was 1.8x. The Company raised R$362 million in local debt and USD$8 million in international loans.
- Traffic grew 4.1% in 3Q17 compared to 3Q16. Adjusted EBITDA on a same-basis grew 5.7% with margins of 63.8% (+0.6 p.p.). Net income on a same-basis grew 63.1%.
- Cash costs were up 2.0% on a same-basis to R$731 million due to inflation adjustments. Adjusted EBITDA was up 5% on a same-basis to R$1.28 billion.
- Gross debt was R$14.7 billion, with net debt/EBITDA of 2.2x. The company raised R$1.295 billion in new debt in 3
CCR reported financial results for the third quarter of 2016. Consolidated traffic decreased 1.5% year-over-year excluding a new acquisition. Adjusted EBITDA increased 151.1% due to a one-time gain from the sale of STP shares, or increased 3.2% excluding this gain. Net profit reached R$1,151.1 million, an increase of 366.0% driven primarily by the STP sale, or decreased 1.7% excluding one-time items. CCR also provided highlights on recent debt issuances and an extension of its debt maturity profile.
- Traffic fell 2.8% in 4Q15 excluding new businesses. Toll collection via electronic means increased to 69% of total.
- Adjusted EBITDA on a same-basis increased slightly by 0.4% with margins of 59.8%. Net income on the same basis fell 19.1%.
- The company addressed 42% of debt maturing in 2016-2017 and obtained new funding of over R$3.6 billion in 4Q15 at favorable rates.
This presentation summarizes CPFL Energia's 1Q19 results. Key highlights include:
- EBITDA grew 12.1% to R$1,531 million due to higher revenue from distribution and commercialization & services segments.
- Net income increased 36% to R$570 million mainly from lower debt charges.
- Load in the concession area grew 1.9% with increases in the residential and commercial classes.
- Leverage was 2.70x, below the financial covenants criteria of 3.05x.
- Traffic decreased 3.7% in 2Q16 excluding new acquisitions. Adjusted EBITDA increased 5.9% with a margin of 63.3%, up 1.9 percentage points. Net profit decreased 36.8% to R$147.8 million on the same basis.
- Gross debt totaled R$14.7 billion, with debt amortization of R$1.346 billion in 2016 and R$4.347 billion in 2017. Average debt cost was 124.95% of CDI. Net debt to EBITDA was 3.3x.
- Recent funding included R$4.047 billion in debentures and loans, extending debt maturity profile. Invest
Lkq corporations first quarter 2018 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services. Net income was $153 million.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from Q1 2017. Diluted EPS was $0.49 per share, up 8.9% from Q1 2017.
- Revenue growth was driven by acquisitions in Europe and organic growth in North America. Margins declined due to mix shift to Europe and higher costs.
Telecom Italia reported its 1Q 2010 results. Key highlights include:
- Group revenues declined 0.7% year-over-year reported but organic revenues declined 4.7% due to currency impacts.
- Group EBITDA increased 3.2% reported and was stable year-over-year on an organic basis.
- Cash costs were reduced through focus on the domestic and Brazilian markets, with domestic cash costs declining 10.5% year-over-year.
- Net income grew 30.7% year-over-year due to cost controls and contributions from the Brazilian business.
TIM Group reported its 2Q'18 results on July 25th, 2018. Key highlights included:
- Positive 0.8% year-over-year growth in group service revenues.
- Solid 51.3% year-over-year growth in group operating free cash flow.
- Resilient domestic service revenues despite regulatory impacts.
- Continued strong performance in Brazil with impressive revenue and EBITDA growth.
- Group net debt was reduced by €396 million versus 1Q'18.
The document discusses TIM Participações' industrial plan for 2014-2016. It begins with statements regarding forward-looking projections and uncertainties. It then provides an overview of TIM's 2013 year-to-date financial and operational results, noting consistent performance despite a changing macroeconomic scenario in Brazil. Finally, it outlines TIM's strategic positioning and opportunities in the mobile and fixed markets in Brazil, and provides guidance for total revenues, EBITDA, and CAPEX from 2013-2016.
Lkq corporations first quarter 2018 earnings call presentation v2 4.27.18corporationlkq
- The company reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services.
- Net income from continuing operations attributable to stockholders was $153 million for Q1 2018, up 8.6% from $141 million in Q1 2017.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from $290 million in Q1 2017, with margins of 10.9% compared to 12.4% in Q1 2017.
The presentation summarizes Bladex's 1Q19 earnings results. Net interest income remained stable at $28 million compared to the previous quarter, driven by higher margins. Operating expenses decreased by 20% from the previous quarter to $9.9 million, improving efficiency to 30.8%. Quarterly profit increased to $21.2 million, the highest level in the last 8 quarters. Credit quality remained stable with credit impaired loans at 4% of the total portfolio and allowance coverage above 50%. Overall, the results showed a continued positive trend in profitability and sound financial metrics.
This document summarizes Tegma's 4th quarter and full year 2007 financial results. Key highlights include:
- 4Q07 net revenue was R$224.5 million, up 39.4% year-over-year. Adjusted EBITDAR was R$36.9 million, up 29.6%.
- For full year 2007, net revenue was R$744.9 million, up 34.3%. Adjusted EBITDAR was R$120.5 million, up 34.6%.
- Guidance for 2008 projects net revenue of R$1,050 million, CAPEX of R$110 million, and adjusted EBITDAR of R$195 million.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 5.3% decrease in energy sales in the concession area, a 25.7% increase in EBITDA, and a 188.5% increase in net income. It also discusses factors influencing results such as currency variations, allowance for doubtful accounts, and non-recurring items. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments in Brazil.
The document provides operating and financial results for 2Q12. Key highlights include:
- CEMAR's billed energy volume increased 12.5% year-over-year to 1,201 GWh in 2Q12.
- CEMAR's energy losses decreased to 20.4% of required energy in 2Q12, down 1.0 percentage point.
- Adjusted EBITDA was R$115.2 million in 2Q12, up 4.3% from 2Q11, while adjusted net income decreased 11.6% to R$38.8 million.
- Traffic fell 2.4% in 1Q16 excluding new projects
- Adjusted EBITDA increased 7.1% to R$1.122 billion on a same-basis
- Net income grew 2.9% to R$252.7 million in 1Q16 on a same-basis
The document provides financial results for 3Q15 from an energy company. Key points include:
- Sales dropped 5.3% in the concession area, with declines across all customer segments. However, investments totaled R$219 million for the quarter.
- EBITDA increased 25.7% to R$280 million compared to 3Q14, driven by better performance from conventional generation and distribution.
- Net income increased 188.5% to R$183 million due to higher EBITDA, lower financial expenses, and currency effects.
- Financial metrics like leverage remain stable and within covenants. The company continues managing debt amortization schedules prudently.
The document summarizes the company's earnings results for the second quarter of 2013. Key highlights include:
- Sales volumes grew for chrysotile mineral, fiber cement, and concrete tiles.
- Net consolidated revenue increased 14.4% to R$241.5 million.
- EBITDA grew 21.3% to R$47.6 million with margins of 20%.
- Net income reached R$27.1 million, a 0.5% growth.
liberty global 98D59FD4-AEFE-4E07-94BE-1D6D7EDB882C_Q4_2008_Presentation_FINALfinance43
This document provides a summary of Liberty Global's fiscal 2008 investor call held on February 24, 2009. It discusses Liberty Global's 2008 financial highlights including strong organic growth, opportunistic M&A activity, and a stable balance sheet and liquidity. Key metrics such as operating cash flow growth, margin expansion, and free cash flow growth are reviewed. Liberty Global's 2009 operating outlook targets continued growth in operating cash flow, operating cash flow margin expansion, and at least 25% free cash flow growth. Regional performance and trends in revenue, operating cash flow, and margins are also summarized.
- TIM Group reported its 3Q 2018 results, with stable group revenues and clean EBITDA. Group net debt was down more than €1 billion year-over-year.
- In Italy, revenues were stable as improvements in Domestic EBITDA-CAPEX and a positive performance in Brazil offset pressures in the Domestic business. Fiber migration continued with over 2 million FTTx lines.
- TIM Brasil reported steady revenue growth and double-digit EBITDA growth, with ongoing efficiency and strong operational metrics including UBB coverage expansion.
- TIM is well positioned for 5G with spectrum leadership that will enable new services and strengthen its ultra broadband access leadership in Italy.
- CCR's consolidated traffic excluding Ponte fell 2.0% in 2Q15 compared to the previous year. Toll revenue collected electronically increased 10.6% reaching over 5 million active tags.
- Adjusted EBITDA on a same-basis increased 4.9% in 2Q15 versus 2Q14, with an EBITDA margin of 62.6% representing a 1.1 percentage point reduction.
- Net income on a same-basis totaled R$284.6 million in 2Q15, a 0.5% reduction over 2Q14.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 25.7% increase in EBITDA, 188.5% increase in net income, and 7.6% increase in adjusted net income. It also discusses factors influencing results such as conventional generation performance, currency effects, and lower gains in the spot market. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments.
Telecom Italia - Interim Report at March 31, 2013Gruppo TIM
The document is an interim report by Telecom Italia Group for the first quarter of 2013. Some key highlights include:
- Consolidated revenues decreased 8.1% to €6.8 billion due to lower revenues in the Domestic and Brazil Business Units.
- EBITDA decreased 10.1% to €2.7 billion due to declining revenues and higher costs in Latin America to boost growth.
- Net profit attributable to owners of the Parent was €364 million, down from €605 million in Q1 2012.
- Adjusted net financial debt increased €493 million from the end of 2012 to €28.8 billion at the end of Q1 2013.
This document summarizes the key financial and operating highlights of TIM Group for the first three months of 2017. The Group reported consolidated revenues of 4.8 billion euros, up 8.5% compared to the first quarter of 2016. EBITDA was 1.99 billion euros, up 16.2% compared to the first quarter of 2016, with an EBITDA margin of 41.3%. Operating profit was 865 million euros, up 22.9% compared to the first quarter of 2016. Adjusted net financial debt at March 31, 2017 was 25.235 billion euros.
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- The company acquired control of ViaQuatro and an additional stake in ViaRio
- Adjusted EBITDA on a same-basis increased 4.8% due to cost optimization efforts despite lower traffic
- Net debt to EBITDA was 1.8x due to strong earnings growth and debt refinancing at lower interest rates
- Traffic fell 3.9% in 4Q18 compared to 4Q17, excluding suspended axle exemptions traffic increased 0.4%
- Adjusted EBITDA increased 3.6% in 4Q18 on a same-basis compared to 4Q17, with an adjusted margin of 61.7% (+0.4 percentage points)
- Same-basis net income in 4Q18 totaled R$356.9 million, down 21.1% from 4Q17
This presentation summarizes CPFL Energia's 1Q19 results. Key highlights include:
- EBITDA grew 12.1% to R$1,531 million due to higher revenue from distribution and commercialization & services segments.
- Net income increased 36% to R$570 million mainly from lower debt charges.
- Load in the concession area grew 1.9% with increases in the residential and commercial classes.
- Leverage was 2.70x, below the financial covenants criteria of 3.05x.
- Traffic decreased 3.7% in 2Q16 excluding new acquisitions. Adjusted EBITDA increased 5.9% with a margin of 63.3%, up 1.9 percentage points. Net profit decreased 36.8% to R$147.8 million on the same basis.
- Gross debt totaled R$14.7 billion, with debt amortization of R$1.346 billion in 2016 and R$4.347 billion in 2017. Average debt cost was 124.95% of CDI. Net debt to EBITDA was 3.3x.
- Recent funding included R$4.047 billion in debentures and loans, extending debt maturity profile. Invest
Lkq corporations first quarter 2018 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services. Net income was $153 million.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from Q1 2017. Diluted EPS was $0.49 per share, up 8.9% from Q1 2017.
- Revenue growth was driven by acquisitions in Europe and organic growth in North America. Margins declined due to mix shift to Europe and higher costs.
Telecom Italia reported its 1Q 2010 results. Key highlights include:
- Group revenues declined 0.7% year-over-year reported but organic revenues declined 4.7% due to currency impacts.
- Group EBITDA increased 3.2% reported and was stable year-over-year on an organic basis.
- Cash costs were reduced through focus on the domestic and Brazilian markets, with domestic cash costs declining 10.5% year-over-year.
- Net income grew 30.7% year-over-year due to cost controls and contributions from the Brazilian business.
TIM Group reported its 2Q'18 results on July 25th, 2018. Key highlights included:
- Positive 0.8% year-over-year growth in group service revenues.
- Solid 51.3% year-over-year growth in group operating free cash flow.
- Resilient domestic service revenues despite regulatory impacts.
- Continued strong performance in Brazil with impressive revenue and EBITDA growth.
- Group net debt was reduced by €396 million versus 1Q'18.
The document discusses TIM Participações' industrial plan for 2014-2016. It begins with statements regarding forward-looking projections and uncertainties. It then provides an overview of TIM's 2013 year-to-date financial and operational results, noting consistent performance despite a changing macroeconomic scenario in Brazil. Finally, it outlines TIM's strategic positioning and opportunities in the mobile and fixed markets in Brazil, and provides guidance for total revenues, EBITDA, and CAPEX from 2013-2016.
Lkq corporations first quarter 2018 earnings call presentation v2 4.27.18corporationlkq
- The company reported revenue of $2.721 billion for Q1 2018, up 16.1% from Q1 2017, with organic revenue growth of 3.7% for parts and services.
- Net income from continuing operations attributable to stockholders was $153 million for Q1 2018, up 8.6% from $141 million in Q1 2017.
- Segment EBITDA was $295 million for Q1 2018, up 1.7% from $290 million in Q1 2017, with margins of 10.9% compared to 12.4% in Q1 2017.
The presentation summarizes Bladex's 1Q19 earnings results. Net interest income remained stable at $28 million compared to the previous quarter, driven by higher margins. Operating expenses decreased by 20% from the previous quarter to $9.9 million, improving efficiency to 30.8%. Quarterly profit increased to $21.2 million, the highest level in the last 8 quarters. Credit quality remained stable with credit impaired loans at 4% of the total portfolio and allowance coverage above 50%. Overall, the results showed a continued positive trend in profitability and sound financial metrics.
This document summarizes Tegma's 4th quarter and full year 2007 financial results. Key highlights include:
- 4Q07 net revenue was R$224.5 million, up 39.4% year-over-year. Adjusted EBITDAR was R$36.9 million, up 29.6%.
- For full year 2007, net revenue was R$744.9 million, up 34.3%. Adjusted EBITDAR was R$120.5 million, up 34.6%.
- Guidance for 2008 projects net revenue of R$1,050 million, CAPEX of R$110 million, and adjusted EBITDAR of R$195 million.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 5.3% decrease in energy sales in the concession area, a 25.7% increase in EBITDA, and a 188.5% increase in net income. It also discusses factors influencing results such as currency variations, allowance for doubtful accounts, and non-recurring items. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments in Brazil.
The document provides operating and financial results for 2Q12. Key highlights include:
- CEMAR's billed energy volume increased 12.5% year-over-year to 1,201 GWh in 2Q12.
- CEMAR's energy losses decreased to 20.4% of required energy in 2Q12, down 1.0 percentage point.
- Adjusted EBITDA was R$115.2 million in 2Q12, up 4.3% from 2Q11, while adjusted net income decreased 11.6% to R$38.8 million.
- Traffic fell 2.4% in 1Q16 excluding new projects
- Adjusted EBITDA increased 7.1% to R$1.122 billion on a same-basis
- Net income grew 2.9% to R$252.7 million in 1Q16 on a same-basis
The document provides financial results for 3Q15 from an energy company. Key points include:
- Sales dropped 5.3% in the concession area, with declines across all customer segments. However, investments totaled R$219 million for the quarter.
- EBITDA increased 25.7% to R$280 million compared to 3Q14, driven by better performance from conventional generation and distribution.
- Net income increased 188.5% to R$183 million due to higher EBITDA, lower financial expenses, and currency effects.
- Financial metrics like leverage remain stable and within covenants. The company continues managing debt amortization schedules prudently.
The document summarizes the company's earnings results for the second quarter of 2013. Key highlights include:
- Sales volumes grew for chrysotile mineral, fiber cement, and concrete tiles.
- Net consolidated revenue increased 14.4% to R$241.5 million.
- EBITDA grew 21.3% to R$47.6 million with margins of 20%.
- Net income reached R$27.1 million, a 0.5% growth.
liberty global 98D59FD4-AEFE-4E07-94BE-1D6D7EDB882C_Q4_2008_Presentation_FINALfinance43
This document provides a summary of Liberty Global's fiscal 2008 investor call held on February 24, 2009. It discusses Liberty Global's 2008 financial highlights including strong organic growth, opportunistic M&A activity, and a stable balance sheet and liquidity. Key metrics such as operating cash flow growth, margin expansion, and free cash flow growth are reviewed. Liberty Global's 2009 operating outlook targets continued growth in operating cash flow, operating cash flow margin expansion, and at least 25% free cash flow growth. Regional performance and trends in revenue, operating cash flow, and margins are also summarized.
- TIM Group reported its 3Q 2018 results, with stable group revenues and clean EBITDA. Group net debt was down more than €1 billion year-over-year.
- In Italy, revenues were stable as improvements in Domestic EBITDA-CAPEX and a positive performance in Brazil offset pressures in the Domestic business. Fiber migration continued with over 2 million FTTx lines.
- TIM Brasil reported steady revenue growth and double-digit EBITDA growth, with ongoing efficiency and strong operational metrics including UBB coverage expansion.
- TIM is well positioned for 5G with spectrum leadership that will enable new services and strengthen its ultra broadband access leadership in Italy.
- CCR's consolidated traffic excluding Ponte fell 2.0% in 2Q15 compared to the previous year. Toll revenue collected electronically increased 10.6% reaching over 5 million active tags.
- Adjusted EBITDA on a same-basis increased 4.9% in 2Q15 versus 2Q14, with an EBITDA margin of 62.6% representing a 1.1 percentage point reduction.
- Net income on a same-basis totaled R$284.6 million in 2Q15, a 0.5% reduction over 2Q14.
The document discusses 3Q15 results for an energy company. It summarizes key financial highlights including a 25.7% increase in EBITDA, 188.5% increase in net income, and 7.6% increase in adjusted net income. It also discusses factors influencing results such as conventional generation performance, currency effects, and lower gains in the spot market. The document further analyzes the company's debt profile, hydrological conditions, and regulatory developments.
Telecom Italia - Interim Report at March 31, 2013Gruppo TIM
The document is an interim report by Telecom Italia Group for the first quarter of 2013. Some key highlights include:
- Consolidated revenues decreased 8.1% to €6.8 billion due to lower revenues in the Domestic and Brazil Business Units.
- EBITDA decreased 10.1% to €2.7 billion due to declining revenues and higher costs in Latin America to boost growth.
- Net profit attributable to owners of the Parent was €364 million, down from €605 million in Q1 2012.
- Adjusted net financial debt increased €493 million from the end of 2012 to €28.8 billion at the end of Q1 2013.
This document summarizes the key financial and operating highlights of TIM Group for the first three months of 2017. The Group reported consolidated revenues of 4.8 billion euros, up 8.5% compared to the first quarter of 2016. EBITDA was 1.99 billion euros, up 16.2% compared to the first quarter of 2016, with an EBITDA margin of 41.3%. Operating profit was 865 million euros, up 22.9% compared to the first quarter of 2016. Adjusted net financial debt at March 31, 2017 was 25.235 billion euros.
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- The company acquired control of ViaQuatro and an additional stake in ViaRio
- Adjusted EBITDA on a same-basis increased 4.8% due to cost optimization efforts despite lower traffic
- Net debt to EBITDA was 1.8x due to strong earnings growth and debt refinancing at lower interest rates
- Traffic fell 3.9% in 4Q18 compared to 4Q17, excluding suspended axle exemptions traffic increased 0.4%
- Adjusted EBITDA increased 3.6% in 4Q18 on a same-basis compared to 4Q17, with an adjusted margin of 61.7% (+0.4 percentage points)
- Same-basis net income in 4Q18 totaled R$356.9 million, down 21.1% from 4Q17
- Traffic grew 4.4% in 4Q17 compared to 4Q16. Adjusted EBITDA increased 17.9% on a same-basis compared to 4Q16, with a margin of 61.3% (+2.9 percentage points).
- Net income totaled R$329.1 million, up 94.2% compared to 4Q16. The company's board proposed additional dividends of approximately R$0.20 per share.
- In January 2018, the company was selected as the best bidder to operate subway lines 5 and 17 in São Paulo through 2038.
- Traffic fell 1.8% in 3Q15 excluding new businesses, while toll revenue increased 1.9% due to toll increases.
- Adjusted EBITDA on a same-basis increased 8.8% to R$1.17 billion in 3Q15, with a margin of 67.8%.
- Net income on a same-basis was R$352 million, a 0.7% reduction, impacted by higher financial expenses due to increased debt levels related to investments in new projects.
- CPFL reported a 15.9% increase in EBITDA and 74.2% increase in net income for 2018 compared to 2017. Key drivers included tariff adjustments, lower debt costs, and compensation agreements.
- Energy sales grew 1.2% in 4Q18 and 2.5% for 2018, led by increases in the residential and industrial classes.
- CPFL Renováveis anticipated the commercial start-up of the Boa Vista II SHPP in November 2018 and won projects in the A-6 auction.
- Traffic fell 3.8% in 1Q15 compared to 1Q14. Adjusted EBITDA on a same-basis increased 2.8% with a margin of 65.6%. Net income on a same-basis was R$312.6 million, down 13.8%.
- Costs increased due to new projects, wage increases, and a tax provision effect for Ponte. Excluding these factors, cash costs increased 5.2% and EBITDA margin was maintained at 65.6%.
- Financial results were impacted by higher debt and interest rates. Net debt/EBITDA was 2.5x. The leverage reflects investment needs but not potential cash generation from new businesses.
- CCR's consolidated traffic fell 0.7% in 4Q14 but grew 2.5% in 2014. Toll collection by electronic means increased, with over 4.8 million active tags.
- Adjusted EBITDA on a same-basis increased 4% in 4Q14, with a margin of 64.1%. In 2014, adjusted EBITDA grew 7.3% with a margin of 65.3%.
- Net income on a same-basis decreased 10.7% in 4Q14 due to new projects not yet generating revenue. CCR proposed additional dividends of R$100.8 million.
1. Itaú Unibanco Holding S.A. reported its financial results for the fourth quarter and full year of 2016.
2. For 2016, net income was R$21.6 billion, down 7.6% from 2015. Recurring net income was R$22.1 billion, down 7% over the same period.
3. The presentation included comparisons of financial results from the fourth quarter of 2016 to both the third quarter of 2016 and the fourth quarter of 2015.
This document provides a summary of Hyundai Capital Services' financial results for the first quarter of 2019. Key highlights include:
- Auto portfolio assets grew 9.5% year-over-year to 27.5 trillion won, driven by new car installment and lease/rent volumes.
- Bad debt expenses rose 11.5% due to overall weakening of industry quality. SG&A expenses declined 3.6% through cost efficiency efforts.
- Net income increased 21.7% to 99.2 billion won compared to the same period last year. Return on assets was 1.5%.
- Capital adequacy remained strong at 128.7% and liquidity was maintained with over 5.3
Higher quarterly profits (up 28% QoQ and 27% YoY) on strong loan origination and Credit Portfolio growth coupled with higher lending spreads and increased fee income. Stable quarterly dividends were declared while operating expenses remained stable QoQ. Asset quality remained strong with close to zero non-performing loans, while provisions were mostly associated with credit growth.
- Discover Financial Services reported quarterly financial results, with net income of $669 million and diluted EPS of $1.91, up 36% year-over-year. Total loans grew 9% driven by a 10% increase in credit card loans.
- The total NCO rate was 3.11%, up 40 basis points from the prior year, due to credit normalization and loan seasoning. However, credit performance remains strong due to disciplined underwriting.
- The company returned $656 million to shareholders in the form of dividends and share repurchases during the quarter.
- Itaú Unibanco Holding S.A. reported financial results for the first quarter of 2016, with recurring net income down 9.3% from the previous quarter and 9.9% from the first quarter of 2015.
- Key metrics such as financial margin with clients, fees and results from insurance, and credit portfolio all declined compared to the previous quarter and the prior year period. However, financial margin with the market increased compared to both periods.
- The company saw declines in non-interest expenses and provision for loan losses compared to the previous quarter, but increases compared to the first quarter of 2015.
- Credit quality metrics such as the NPL ratio improved slightly compared to both the previous quarter
- HCS reported solid growth in auto assets from new models, while maintaining stable financial quality through conservative risk management.
- Net income increased 21.7% YoY for 1Q19 due to growth and cost reductions, despite rising bad debt expenses.
- HCS aims to continue stable growth globally while diversifying products and funding structures in strategic markets like the US, China, and Germany.
- HCS reported solid growth in auto assets from new models, while maintaining stable financial quality through conservative risk management.
- Net income increased 21.7% YoY for 1Q19 due to growth and cost reductions, despite rising bad debt expenses.
- HCS aims to continue stable growth globally while diversifying products and funding structures internationally.
- Earnings results for 1Q14 showed consolidated traffic growth of 9.1% and tolls collected electronically increasing 14.2%. Adjusted EBITDA on a same basis increased 14.6% and net income on a same basis grew 7.5%.
- Costs were up 1.6% on a same basis, reflecting higher costs from new projects. Financial results declined due to higher debt levels and interest rates.
- The company maintained a comfortable leverage ratio and dividend payout remains over 50% of net income, demonstrating a continued commitment to shareholders.
This presentation summarizes the financial results of TIM Participações for 2018. Some key highlights include:
- Revenues grew 5% in 2018 to R$16.2 billion, with mobile service revenues up 4.5% and TIM Live revenues up 38.4%.
- ARPU increased 11.3% for mobile and 13% for TIM Live.
- EBITDA grew 10.3% to R$6.6 billion in 2018 with margins expanding 1.9 percentage points.
- The company continued investing in its 4G and fiber networks while improving key customer experience metrics.
This presentation provides an overview of TIM Participações' financial results for 2018. Some key highlights include:
- Revenues grew 5% in 2018, with mobile service revenues up 4.5% and TIM Live revenues increasing 38.4%.
- EBITDA increased 10.3% in 2018 to a record high of R$6.6 billion, with margins expanding 1.9 percentage points to 38.5%.
- Capex was in line with plans while EBITDA - Capex grew strongly by 26.6% in 2018, demonstrating solid cash generation.
CPFL reported its 3Q18 results, highlighting increases in net operating revenue (+4.4%), EBITDA (+21.4%), and net income (+60.5%). Energy sales in the concession area grew 2.0% due to increases in the residential (+2.0%) and industrial (+2.4%) segments. Net debt was R$15.5 billion with a leverage ratio of 2.92x. The company won projects in the 28th energy auction, including the Cherobim SHPP (28 MW) and Gameleira Wind Complex (69.3 MW). CPFL also discussed its renewable generation projects totaling 127.2 MW of installed capacity by 2024 and provided an update on its
The document summarizes the 2nd quarter 2019 earnings results for Itaú Unibanco. Key highlights include:
- Recurring net income of R$7.0 billion in consolidated results and R$6.7 billion in Brazil results. Recurring ROE of 23.5% consolidated and 24.6% in Brazil.
- Total credit portfolio of R$659.7 billion, up 2% from the prior quarter. Loan origination increased 28% year-over-year.
- Financial margin with clients of R$16.9 billion, up 2.8% from the prior quarter. Commission, fees and insurance results totaled R$10.7 billion,
BBVA reported its 2Q18 results, with the following key highlights:
- Net attributable profit increased 18.2% to €1.3 billion
- Core revenues grew 10.4% driven by strong performance in Spain, Turkey and Mexico
- Efficiency improved with an 82 basis point decrease in the cost-to-income ratio
- Sound risk indicators with the NPL ratio decreasing 47 basis points and cost of risk down 11 basis points
- Capital position remains strong with a CET1 ratio of 11.4%
Este documento apresenta os resultados financeiros da CCR no quarto trimestre de 2018. Os principais pontos são:
1) O tráfego consolidado apresentou redução de 3,9%, enquanto o EBITDA ajustado cresceu 3,6% em relação ao mesmo período do ano anterior.
2) O lucro líquido atingiu R$356,9 milhões na mesma base de comparação, representando uma queda de 21,1%.
3) Eventos subsequentes incluem a assinatura do contrato de concessão da ViaSul e
O documento apresenta os resultados financeiros da CCR no 2T18. O tráfego consolidado teve redução de 5,5% em relação ao ano anterior. O EBITDA ajustado cresceu 1% na mesma base de comparação, com margem de 58,3%, enquanto o lucro líquido reduziu 5,2%. Novos negócios e eventos subsequentes são destacados.
Este documento apresenta os resultados financeiros da CCR no primeiro trimestre de 2018, destacando:
1) O tráfego consolidado cresceu 2,3% e o EBITDA ajustado aumentou 9,3%;
2) O lucro líquido atingiu R$ 446,8 milhões, um crescimento de 35,8%;
3) A dívida bruta total é de R$ 17,3 bilhões, com alavancagem de 2,2x medida pelo índice Dívida Líquida/EBITDA.
O relatório apresenta os resultados financeiros da CCR no 4T17, destacando:
1) Crescimento de 4,4% no tráfego consolidado e de 17,9% no EBITDA ajustado na mesma base em relação ao 4T16;
2) Lucro líquido de R$329,1 milhões no 4T17, aumento de 94,2% em relação ao 4T16;
3) Proposta de distribuição de dividendos complementares de R$0,20 por ação.
This document summarizes the key points from a presentation on organization, focus, and governance for perpetuating success at CCR Group. It discusses CCR's expansion from 5 companies in 2005 to over 20 companies in 2017 across roads, urban mobility, airports, and services in Brazil and internationally. The presentation outlines CCR's organizational structure and roles, as well as business opportunities in roads, urban mobility projects, and other markets in Brazil, Chile, and Argentina. Traffic trends, economic indicators, and specific projects are also mentioned.
O documento discute estratégias para perpetuar o sucesso da organização no futuro, abordando tópicos como organização, foco e governança. Apresenta o histórico de crescimento da empresa e oportunidades em contratos atuais e novos negócios no Brasil e no exterior.
O documento apresenta os resultados financeiros da CCR no 3T17, com destaque para:
1) Crescimento de 4,1% no tráfego consolidado e de 5,7% no EBITDA ajustado na mesma base em comparação com o 3T16.
2) Lucro líquido de R$ 472,3 milhões no trimestre, queda de 59% devido a efeitos não recorrentes no 3T16.
3) Endividamento bruto de R$ 14,7 bilhões, com alavancagem de 2,2x medida pelo í
O documento apresenta os resultados financeiros da CCR no 2T17. O tráfego consolidado teve queda de 0,8%, enquanto o EBITDA ajustado cresceu 69,7% e o lucro líquido aumentou 357,9%. Na mesma base, o EBITDA subiu 4,8% e o lucro líquido cresceu 195,8%. A dívida líquida total é de R$14,7 bilhões.
O documento apresenta os resultados financeiros da CCR no 2T17. O tráfego consolidado teve queda de 0,8%, enquanto o EBITDA ajustado cresceu 69,7% e o lucro líquido aumentou 357,9%. Na mesma base, o EBITDA subiu 4,8% e o lucro líquido cresceu 195,8%. A dívida líquida total é de R$14,7 bilhões.
Este documento fornece um resumo dos resultados financeiros da CCR no primeiro trimestre de 2017, destacando:
1) O tráfego consolidado apresentou queda de 2,8%, enquanto o EBITDA ajustado cresceu 3,9% e a margem EBITDA foi de 61%;
2) O lucro líquido alcançou R$ 329 milhões, aumento de 32,9%;
3) As principais captações no trimestre somaram R$ 362,3 milhões.
O documento apresenta os resultados financeiros da CCR no 4T16, com ênfase nos seguintes pontos:
1) O tráfego consolidado apresentou queda de 7%, enquanto o EBITDA ajustado cresceu 0,4% e a margem foi de 58,4%;
2) O lucro líquido atingiu R$169,5 milhões, queda de 30,8%;
3) Em evento subsequente, foi realizada uma oferta de ações que levantou R$4,07 bilhões.
O documento apresenta a agenda de um evento da CCR com palestras sobre estratégias e projetos das empresas do grupo CCR em rodovias, mobilidade urbana e aeroportos. Inclui apresentações sobre a expansão da malha rodoviária e metrô de São Paulo e sobre o desempenho das concessionárias do grupo.
The agenda outlines the schedule for a CCR DAY event, including presentations on various CCR projects and business units from 9:30am to 3:40pm. Some of the featured presentations are on CCR Metrô Bahia works including the status of Line 1 and 2 stations and trains, CCR AutoBAn and CCR SPVias works, CCR ViaOeste projects, and CCR NovaDutra's request for new investments including projects in Serra das Araras.
O documento apresenta os resultados financeiros da CCR no 3T16. Destaca crescimento de 151,1% no EBITDA ajustado e de 366% no lucro líquido na comparação anual. A receita líquida consolidada teve alta de 14,4% no trimestre. O tráfego consolidado apresentou queda de 1,5% na mesma comparação. O endividamento bruto total da companhia é de R$14,9 bilhões com alongamento do perfil da dívida.
Este documento apresenta os resultados financeiros da CCR no 2T16. Destaca queda de 3,7% no tráfego consolidado e crescimento de 5,9% no EBITDA ajustado na mesma base. Apresenta também redução de 36,8% no lucro líquido na mesma base devido ao aumento no resultado financeiro líquido. Por fim, informa sobre emissões de dívida que totalizaram R$4 bilhões no trimestre.
Este documento apresenta os resultados financeiros da CCR no primeiro trimestre de 2016. O tráfego consolidado excluindo a Ponte e MSVia teve queda de 2,4%. O EBITDA ajustado na mesma base teve crescimento de 7,1% com margem de 64,8%. O lucro líquido na mesma base atingiu R$ 252,7 milhões, aumento de 2,9% no 1T16.
O documento apresenta os resultados financeiros da CCR no 4T15. O tráfego consolidado excluindo a Ponte e MSVia teve queda de 2,8%. O EBITDA ajustado na mesma base apresentou crescimento de 0,4% com margem de 59,8%. O lucro líquido na mesma base atingiu R$249,9 milhões, queda de 19,1% no 4T15.
The document summarizes a presentation given by CCR, a Brazilian infrastructure company, about their current business and future outlook. It provides an overview of various transportation projects CCR is involved in, including highways, urban rail, and airports in Brazil and other countries. Updates are given on key performance metrics and investments made in projects like ViaQuatro, CCR Metro Bahia, CCR NovaDutra, CCR MSVia, and VLT Carioca. The presentation indicates that the business environment for infrastructure is promising in Brazil and that CCR has a track record of successful investments and expansion into new projects.
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2. Disclaimer
2
This presentation may contain certain forward-looking projections and trends that neither
represent realized financial results nor historical information.
These forward-looking projections and trends are subject to risk and uncertainty, and
future results may differ materially from the projections. Many of these risks and
uncertainties are related to factors that are beyond CCR’s ability to control or to estimate,
such as market conditions, currency swings, the behavior of other market participants, the
actions of regulatory agencies, the ability of the company to continue to obtain financing,
changes in the political and social context in which CCR operates or economic trends or
conditions, including changes in the rate of inflation and changes in consumer confidence
on a global, national or regional scale.
Readers are advised not to fully trust these projections and trends. CCR is not obliged to
publish any revision of these projections and trends that should reflect new events or
circumstances after the realization of this presentation.
3. TRAFFIC:
Consolidated traffic fell 5.5%. Proforma traffic (including Renovias and
ViaRio proportionally) fell 5.1%.
ADJUSTED EBITDA:
Same-basis1 adjusted EBITDA increased by 1.0%, with an adjusted
margin of 58.3% (-0.4 p.p.). Adjusted EBITDA decreased by 34.3%,
with a margin of 57.2% (-31.2 p.p.).
NET PROFIT:
Same-basis1 net income totaled R$300.9 million, 5.2% down. Net
income totaled R$277.7 million, 58.4% down.
2Q18 Highlights
3
1 Same-basis figures exclude: (i) ViaMobilidade, which concession agreement was executed in April 2018; (ii) non-recurring expenses related to the Independent Committee of R$17.6 million
in EBITDA and R$11.6 million in net income; (iii) non-recurring effect of the acquisition of stakes in ViaQuatro and ViaRio in 2Q17 of R$548.1 million on EBITDA and R$361.8 million on net
income; and (iv) additionally, net income and proforma comparisons exclude ViaRio, in which CCR’s stake has increased from 33.33% to 66.66% since May 2017.
4. Pursuant to the restructuring process started in 2014 with the “Strategic
Leadership Development and Identification Program”, Leonardo Couto
Vianna took over as the CEO of CCR on August 1st, as announced
through the Material Fact of July 20.
ViaMobilidade’s commercial operations began on August 4th, with twelve
Line 5 subway stations.
Subsequent Event
5. Financial Highlights
5
¹ Net revenue excludes construction revenue.
² Same-basis figures exclude: (i) ViaMobilidade, which concession agreement was executed in April 2018; (ii) non-recurring expenses related to the Independent Committee
of R$17.6 million in EBITDA and R$11.6 million in net income; (iii) non-recurring effect of the acquisition of stakes in ViaQuatro and ViaRio in 2Q17 of R$548.1 million on
EBITDA and R$361.8 million on net income; and (iv) additionally, net income and proforma comparisons exclude ViaRio, in which CCR’s stake has increased from 33.33%
to 66.66% since May 2017.
3 Calculated by adding net revenue, construction revenue, cost of services and administrative expenses.
4 The adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS.
5 Calculated excluding non-cash expenses: depreciation and amortization, provision for maintenance and the recognition of prepaid concession expenses.
Financial Indicators (R$ MM) 2Q17 2Q18 Chg % 2Q17 2Q18 Chg %
Net Revenues1
1,842.1 1,872.8 1.7% 1,985.0 2,044.7 3.0%
Adjusted Net Revenues on the same basis2
1,842.1 1,872.8 1.7% 1,970.9 2,024.8 2.7%
Adjusted EBIT3
1,268.3 615.0 -51.5% 1,327.4 693.3 -47.8%
Adjusted EBIT Mg.4
68.8% 32.8% -36.0 p.p. 66.9% 33.9% -33.0 p.p.
EBIT on the same basis2
720.1 636.5 -11.6% 775.1 706.3 -8.9%
EBIT Mg. on the same basis2
39.1% 34.0% -5,1 p.p. 39.3% 34.9% -4,4p.p.
Adjusted EBITDA5
1,629.3 1,070.3 -34.3% 1,721.3 1,187.0 -31.0%
Adjusted EBITDA Mg.4
88.4% 57.2% -31.2 p.p. 86.7% 58.1% -28.6 p.p.
Adjusted EBITDA on the same basis2
1,081.1 1,091.7 1.0% 1,165.3 1,195.1 2.6%
Adjusted EBITDA Mg. on the same basis2
58.7% 58.3% -0.4 p.p. 59.1% 59.0% -0.1 p.p.
Net Income 667.1 277.7 -58.4% 667.1 277.7 -58.4%
Net Income on the same basis2
317.3 300.9 -5.2% 317.3 300.9 -5.2%
IFRS Proforma
6. 253,634
263,465
253,194
246,625 246,790
234,216
2Q13 2Q14 2Q15 2Q16 2Q17 2Q18
Traffic – Quarter Change (Proforma*)
6
Consolidated – MM Equivalent Vehicle
Toll Revenue and Traffic 2Q18 X 2Q17 (%)
* Information including proportional traffic of Renovias and ViaRio.
-4.7 -5.0
-7.9
-4.4
-6.7
-5.5 -5.8 -6.0
1.2
-2.8
-1.3
-5.1
-0.7
-7.7
-4.2
-0.6
-3.5
8.0
AutoBAn NovaDutra Rodonorte ViaLagos ViaOeste Renovias RodoAnel
Oeste
SPVias MSVia
Traffic Toll Revenues
8. 1,064
1,729 1,706
60
44 40 40
39 19 5 2
548 22
2Q17 Depreciation
and
Amortization
Third-party
Services
Granting
Power
Advanced
Expenses
Personnel
Costs
Construction
Costs
Maintenance
Provision
Other
Costs
Effect ViaQuatro
and ViaRio
2Q18 One-off
Independent
Committee and
ViaMobilidade
2Q18
Same Basis
8
Conclusion of civil
works in NovaDutra,
RodoNorte, Metrô
Bahia and ViaOeste
Collective bargaining
agreement, new
employees in TAS,
Metrô Bahia and
variable compensation
IFRS Costs Evolution
Independent
Committee and
AutoBAn’s
direct cost
1 Materials, insurance, rent, marketing, trips, electronic means of payment, fuel and other general expenses.
2 Same-basis costs exclude: (i) ViaMobilidade, whose concession agreement was executed in April 2018; and (ii) costs of R$17.6 million related to the Independent Committee.
IFRS same-basis
cash costs:
R$ 781 MM (+2.6%)
Total Costs (R$ MM)
56% 194% 10%21% 4%20% 13% 1%
63%
AutoBAn and
ViaOeste
excluding
one-off effects
ViaQuatro
and ViaRio R$
1,612 MM
1 2
9. Proforma EBITDA*
9
86,7%
Mg.
* Same-basis figures exclude: (i) ViaMobilidade, which concession agreement was executed in April 2018; (ii) non-recurring expenses related to the Independent
Committee of R$17.6 million in EBITDA and R$11.6 million in net income; (iii) non-recurring effect of the acquisition of stakes in ViaQuatro and ViaRio in 2Q17 of
R$548.1 million on EBITDA and R$361.8 million on net income; and (iv) additionally, net income and proforma comparisons exclude ViaRio, in which CCR’s stake has
increased from 33.33% to 66.66% since May 2017.
Same basis 2Q17
R$ 1,165 MM
59.1% Mg.
R$ MM
58.1%
Mg.
Same basis +2.6%
59.0% Mg. (-0.1 p.p.)
1,721
1,187 1,195
(9)
18
2Q17
Proforma
EBITDA
2Q18
Proforma
EBITDA
New
Projects
One-off
Independent
Committee
2Q18
Proforma
EBITDA
Same Basis*
10. 271.1
240.0
( 27.2 ) ( 11.0 ) ( 0.3 ) 58.4
0.8
43.9 ( 51.3 ) 14.8 3.0
2Q17 Net
Financial Result
Income from
Hedge Operation
Monetary variation
on loans, financ.
and debentures
Monetary Variation
on Liabilities
related to the
Granting Power
Exchange Rate
Variation on Loans,
Financing,
Debentures,
Derivatives and
Suppliers
Present Value
Adjustment of
Maintenance Prov.
and Liabilities
related to the
Granting Power
Interest on Loans,
Financing and
Debentures
Investment Income
and Other Income
Fair Value of
Hedge Operation
Others 2Q18 Net
Financial Result
10
R$ MM
IFRS Financial Results
12%
Average cash balance 2Q18 x 2Q17 = -7.1%
Chg. of average CDI 2Q18 X 2Q17= - 4.5 p.p.
Gross Debt = R$ 16.6 bn (+13.1%)
11. 2Q18 2Q17
11
• Total Gross Debt: R$ 16.6 bi
(R$17.7 Bn proforma)
• Net Debt / EBITDA: 2.7 x
(2.6 x proforma)
Not hedged
Hedged
2Q18
Debt in June 30, 2018
Hedged
Indebtedness and leverage position
Gross debt by indexer Hedged gross debt by indexer
CDI
44.2%
IPCA
27.0%
TJLP
26.1%
USD
2.7%
CDI
68.3%
IPCA
6.3%
TJLP
23.1%
USD
2.3%
CDI
52.0%
IPCA
15.6%
TJLP
26.1%
USD
2.7%
Others
3.6%
14. 10,413 10,734
12,423
12,971
13,945
13,261
14,443
10,759
11,961 11,801
12,703 12,719
13,780
11,851
12,925
2.5 2.5
3.0 3.0 3.1
2.2 2.4
1.8 1.8
2.2 2.3 2.2
2.6
2.2
2.7
-5.5
-4.5
-3.5
-2.5
-1.5
-0.5
0.5
1.5
2.5
3.5
5,000
7,000
9,000
11,000
13,000
15,000
17,000
19,000
2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 1Q18 2Q18
Net Debt (R$ MM) Net Debt/EBITDA* (x)
14
R$ MM
Proforma Data IFRS
Debt
Net Debt / EBITDA LTM
*Between 2Q17 and 1Q18, LTM adjusted EBITDA includes non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio, in the amount of R$548.1 million. Between 3Q16 and
2Q17, this indicator was positively impacted by the non-recurring effect of the sale of STP, in the amount of R$1,307.7 million.
15. 667
317 301278 12 (12)
2Q17
Net Income
2Q17 Same
Basis*
Net Income
2Q18
Net Income
One-off
Independent
Committee
New
Projects
2Q18 Same
Basis*
Net Income
15
R$ MM
Net Income
Same basis
(-5.2%)
*Same-basis figures exclude: (i) ViaRio, in which CCR’s stake has increased from 33.33% to 66.66% since May 2018; (ii) ViaMobilidade which concession agreement was executed in
April 2018; and (iii) non-recurring expenses related to the Independent Committee of R$11.6 million; and (iv) non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio, in
the amount of R$361.8 million in 2Q17.