More Related Content Similar to 3Q14 Results Presentation
Similar to 3Q14 Results Presentation (20) 3Q14 Results Presentation2. Gross Revenue (million of R$)
2
Consolidated Automotive Integrated Logistics
Consolidated Automotive Integrated Logistics
-13.4% -16.0% +8.0%
-10.0% -10.7% -4.9%
513.7
445.0
.00
100.00
200.00
300.00
400.00
500.00
600.00
3Q13 3Q14
458.1
384.9
.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
500.00
3Q13 3Q14
55.6
60.1
.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
3Q13 3Q14
177.4
168.7
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
9M13 9M14
1,260.3
1,125.7
0.0
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
9M13 9M14
1,437.7
1,294.4
0.0
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
1,600.0
9M13 9M14
3. Gross Revenue | Automotive Division (million of R$)
3
Transport Autoparts Logistics Services
Transport Autoparts Logistics Services
-11.4%
-38.8% -28.6%
-5.1%
-34.1% -28.8%
377.6
334.5
.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
3Q13 3Q14
56.7
34.7
.00
10.00
20.00
30.00
40.00
50.00
60.00
3Q13 3Q14
22.0
15.7
.00
5.00
10.00
15.00
20.00
25.00
3Q13 3Q14
174.2
114.8
.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
200.00
9M13 9M14
61.2
43.5
.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
9M13 9M14
1,019.0
967.4
.00
200.00
400.00
600.00
800.00
1000.00
1200.00
9M13 9M14
4. Gross Revenue | Integrated Logistics Division (million of R$)
4
Warehousing Inbound Logistics
Warehousing Inbound Logistics
21.4 22.3
0.0
5.0
10. 0
15. 0
20. 0
25. 0
3Q13 3Q14
25.2
37.3
0.0
5.0
10. 0
15. 0
20. 0
25. 0
30. 0
35. 0
40. 0
3Q13 3Q14
58.4
65.1
0.0
10. 0
20. 0
30. 0
40. 0
50. 0
60. 0
70. 0
9M13 9M14
78.6
96.5
0.0
20. 0
40. 0
60. 0
80. 0
100.0
120.0
9M13 9M14
+4.1%
+48.0%
+11.4%
+22.8%
5. EBITDA (million of R$)
5
Consolidated Automotive Integrated Logistics
Consolidated Automotive Integrated Logistics
EBITDA Mg (%)
58.8
50.5
14.1% 14.1%
11 .0 %
12 .0 %
13 .0 %
14 .0 %
15 .0 %
16 .0 %
17 .0 %
18 .0 %
19 .0 %
0.0
10. 0
20. 0
30. 0
40. 0
50. 0
60. 0
70. 0
3Q13 3Q14
60.1
46.6
16.1%
15.0%
11 .0 %
13 .0 %
15 .0 %
17 .0 %
19 .0 %
21 .0 %
23 .0 %
25 .0 %
0.0
10. 0
20. 0
30. 0
40. 0
50. 0
60. 0
70. 0
3Q13 3Q14
(1.3)
3.8
-3.0%
7.8%
-8.0%
-3.0%
2.0%
7.0%
12 .0 %
17 .0 %
(2.0)
(1.0)
-
1.0
2.0
3.0
4.0
5.0
3Q13 3Q14
147.1
131.5
12.6% 12.6%
10 .0 %
11 .0 %
12 .0 %
13 .0 %
14 .0 %
15 .0 %
16 .0 %
0.0
20. 0
40. 0
60. 0
80. 0
100.0
120.0
140.0
160.0
9M13 9M14
154.5
123.8
15.0%
13.7%
10 .0 %
12 .0 %
14 .0 %
16 .0 %
18 .0 %
20 .0 %
22 .0 %
24 .0 %
26 .0 %
28 .0 %
0.0
20. 0
40. 0
60. 0
80. 0
100.0
120.0
140.0
160.0
180.0
9M13 9M14 (7.3)
7.7
-5.1%
5.6%
-13 .0 %
-8.0%
-3.0%
2.0%
7.0%
12 .0 %
(10.0)
(8.0)
(6.0)
(4.0)
(2.0)
-
2.0
4.0
6.0
8.0
10. 0
9M13 9M14
-10.6%
-14.2% -22.4%
-19.9%
EBITDA Mg (%)
6. EBITDA History (million of R$)
6
Consolidated Automotive
Integrated Logistics
EBITDA Mg (%)
64.2
40.2
32.6
55.7
58.8
52.8
33.4
47.6
50.5
16.9%
10.4%
9.8%
13.3%
14.1%
12.9%
10.2%
13.4%
14.1%
-0.2%
4.8%
9.8%
14 .8 %
19 .8 %
24 .8 %
29 .8 %
34 .8 %
39 .8 %
44 .8 %
0.0
10. 0
20. 0
30. 0
40. 0
50. 0
60. 0
70. 0
3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14
55.6
43.8
37.3
57.0
60.1
51.3
34.3
42.8
46.6
17.4%
13.4% 13.1%
15.5%
16.1%
14.3%
12.1%
13.7%
15.0%
6.0%
11 .0 %
16 .0 %
21 .0 %
26 .0 %
31 .0 %
0.0
10. 0
20. 0
30. 0
40. 0
50. 0
60. 0
70. 0
3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14
8.6
(3.6)
(4.7)
(1.3) (1.3)
1.5
(0.9)
4.8
3.8
-30 .0 %
-20 .0 %
-10 .0 %
0.0%
10 .0 %
20 .0 %
30 .0 %
40 .0 %
50 .0 %
(6.0)
(4.0)
(2.0)
-
2.0
4.0
6.0
8.0
10. 0
3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14
7. 32.7
23.6
7.8%
6.6%
-1.0%
1.0%
3.0%
5.0%
7.0%
9.0%
11 .0 %
13 .0 %
15 .0 %
17 .0 %
19 .0 %
0.0
5.0
10. 0
15. 0
20. 0
25. 0
30. 0
35. 0
3Q13 3Q14
Net Income (million of R$)
7
3Q14 9M14
Before discontinued operations
147.1
131.5
6.7%
6.2%
0.0%
2.0%
4.0%
6.0%
8.0%
10 .0 %
12 .0 %
14 .0 %
16 .0 %
0.0
20. 0
40. 0
60. 0
80. 0
100.0
120.0
140.0
160.0
9M13 9M14
-27.9%
-17.5%
Net Mg (%)
8. Net Debt Debt Profile
Net Debt
8
CDI + 1.32%
Average cost of Debt
Ba3
Moody´s Rating
93%
of debts expiring
after 2016
Indebtedness (million of R$)
276.1 280.2
273.9
310.7
303.1
1.4 1.4 1.4
1.6 1.6
-
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
150.0
200.0
250.0
300.0
350.0
400.0
3Q13 4Q13 1Q14 2Q14 3Q14
/ EBITDA LTM without Direct Express
58%
70%
84%
94% 93%
42%
30%
16%
6% 7%
0.0%
20. 0%
40. 0%
60. 0%
80. 0%
100.0%
120.0%
3Q13 4Q13 1Q14 2Q14 3Q14
Long Term Short Term
9. CAPEX % Net Revenue
9
Capital Expenditure (million of R$)
20.7
8.2
14.8
9.3
12.0
7.7
16.2
3.9
5.0
6.8 7.0
7.1%
2.5%
3.9%
2.4%
3.6%
1.9%
3.9%
0.9%
1.5%
1.9% 2.0%
-0.5%
1.5%
3.5%
5.5%
7.5%
9.5%
-3.0
2.0
7.0
12. 0
17. 0
22. 0
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14