OHL Brasil held a conference call to discuss its 2Q09 earnings results. During the quarter, 5 new toll plazas began operating in the company's federal concessions, bringing the total to 27 out of 29. Traffic grew significantly in the federal concessions due to the new openings. Net revenue increased 67.6% compared to 2Q08, reaching R$287.3 million, while adjusted EBITDA grew 32.8% to R$144.8 million. The company also received R$476.7 million from its BNDES bridge loan at the end of June.
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
OHL Brasil held a conference call on November 13th, 2009 to discuss 3Q09 earnings results. The presentation contained forward-looking statements regarding OHL Brasil's expectations for business growth that depend on changes in market conditions and the Brazilian economy. It summarized key performance metrics for OHL Brasil's state and federal toll road concessions, including traffic volumes, toll rates, revenue, EBITDA and operating costs. EBITDA for the quarter increased 35% year-over-year due to higher revenues from toll roads entering operation and stable operating expenses.
This document provides a summary of OHL Brasil's 4Q09 earnings conference call. It includes information on traffic performance and average toll tariffs for state concessions, traffic and tariff details for federal concessions, net revenue evolution by concessionaire, and EBITDA and margin details. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions compared to 4Q08. EBITDA margin was 61.6% excluding federal concessions.
Banco Santander reported its 1Q09 results on April 29th, 2009. The presentation provided an overview of Brazil's macroeconomic scenario, noting that while GDP growth slowed in 2009 due to the global crisis, Brazil's fundamentals remain strong. It discussed how Brazil's financial system is well-capitalized and more resilient compared to previous crises. Finally, it summarized Santander's strategy and franchise in Brazil, highlighting the progress of its integration and how the combined network provides better service and access for its over 9 million customers.
The document summarizes JBS's consolidated results for 2008. It shows that JBS reduced its net debt to EBITDA ratio from 3.74x in 2007 to 1.95x in 2008 through an intense deleveraging process. Net revenue increased 114.5% to R$30.3 billion while EBITDA grew 95.6% to R$1.156 billion. JBS also proposed a threefold increase in dividend distribution to R$51.1 million. The company integrated several major acquisitions to grow its global production platform.
Embraer released its third quarter 2010 results according to US GAAP standards. Key highlights include:
- Net sales of $1.042 billion for the quarter from 44 jet deliveries. Gross margin was 22.1% due to productivity gains.
- EBIT margin was 6.0% for the quarter and 7.3% year-to-date, above guidance. Net income was $98.5 million for the quarter.
- Firm order backlog remained stable at $15.3 billion. Net cash position was $623.8 million for the quarter. Guidance for 2010 was revised upward.
Embraer released its second quarter 2010 results according to US GAAP standards. Key highlights include:
1) Embraer delivered 69 aircraft in Q2 2010 and net sales reached $1.35 billion for the period.
2) EBIT margin was 9.3% and EBITDA margin was 10.2%, surpassing guidance.
3) Positive operating cash generation of $236.4 million in Q2 2010 increased Embraer's net cash position to $658.7 million.
Whiting Petroleum Corporation reported on several drilling operations in the Bakken and Permian basins. A well in the Sanish field in North Dakota had an initial flow rate of 2,594 BOE. Another well in the same field had an IP of 3,293 BOE/D. The company's first horizontal well in the Big Tex prospect in Texas was producing 788 BOE per day. The presentation provided an overview of the company, its operations map, recent well results, and prospect areas in the Bakken and Three Forks formations.
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
OHL Brasil held a conference call on November 13th, 2009 to discuss 3Q09 earnings results. The presentation contained forward-looking statements regarding OHL Brasil's expectations for business growth that depend on changes in market conditions and the Brazilian economy. It summarized key performance metrics for OHL Brasil's state and federal toll road concessions, including traffic volumes, toll rates, revenue, EBITDA and operating costs. EBITDA for the quarter increased 35% year-over-year due to higher revenues from toll roads entering operation and stable operating expenses.
This document provides a summary of OHL Brasil's 4Q09 earnings conference call. It includes information on traffic performance and average toll tariffs for state concessions, traffic and tariff details for federal concessions, net revenue evolution by concessionaire, and EBITDA and margin details. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions compared to 4Q08. EBITDA margin was 61.6% excluding federal concessions.
Banco Santander reported its 1Q09 results on April 29th, 2009. The presentation provided an overview of Brazil's macroeconomic scenario, noting that while GDP growth slowed in 2009 due to the global crisis, Brazil's fundamentals remain strong. It discussed how Brazil's financial system is well-capitalized and more resilient compared to previous crises. Finally, it summarized Santander's strategy and franchise in Brazil, highlighting the progress of its integration and how the combined network provides better service and access for its over 9 million customers.
The document summarizes JBS's consolidated results for 2008. It shows that JBS reduced its net debt to EBITDA ratio from 3.74x in 2007 to 1.95x in 2008 through an intense deleveraging process. Net revenue increased 114.5% to R$30.3 billion while EBITDA grew 95.6% to R$1.156 billion. JBS also proposed a threefold increase in dividend distribution to R$51.1 million. The company integrated several major acquisitions to grow its global production platform.
Embraer released its third quarter 2010 results according to US GAAP standards. Key highlights include:
- Net sales of $1.042 billion for the quarter from 44 jet deliveries. Gross margin was 22.1% due to productivity gains.
- EBIT margin was 6.0% for the quarter and 7.3% year-to-date, above guidance. Net income was $98.5 million for the quarter.
- Firm order backlog remained stable at $15.3 billion. Net cash position was $623.8 million for the quarter. Guidance for 2010 was revised upward.
Embraer released its second quarter 2010 results according to US GAAP standards. Key highlights include:
1) Embraer delivered 69 aircraft in Q2 2010 and net sales reached $1.35 billion for the period.
2) EBIT margin was 9.3% and EBITDA margin was 10.2%, surpassing guidance.
3) Positive operating cash generation of $236.4 million in Q2 2010 increased Embraer's net cash position to $658.7 million.
Whiting Petroleum Corporation reported on several drilling operations in the Bakken and Permian basins. A well in the Sanish field in North Dakota had an initial flow rate of 2,594 BOE. Another well in the same field had an IP of 3,293 BOE/D. The company's first horizontal well in the Big Tex prospect in Texas was producing 788 BOE per day. The presentation provided an overview of the company, its operations map, recent well results, and prospect areas in the Bakken and Three Forks formations.
This document provides a summary of PETROBRAS' 1st quarter 2006 earnings conference call. The summary includes:
- PETROBRAS' net income decreased 18% compared to the previous quarter due to higher tax payments.
- Domestic oil and NGL production increased 14% year-over-year due to new platform start-ups.
- Lifting costs increased 6% quarter-over-quarter mainly due to a 3% real appreciation and lower production volumes.
- Refining costs decreased 6% from the previous quarter due to fewer planned refinery stoppages.
Ford reported its second quarter 2009 earnings. While wholesale sales and revenue declined compared to the second quarter of 2008, Ford reduced structural costs and improved pre-tax operating results. Ford gained market share in key regions and launched new products. Ford also took actions to reduce debt and raised capital through a stock offering to strengthen its financial position.
SCANA Corporation reported consolidated earnings of $114 million for the first quarter of 2009, comparable to earnings of $109 million in the first quarter of 2008. Earnings were positively impacted by lower operating and maintenance expenses and favorable weather, offsetting factors such as lower natural gas margins. By business line, South Carolina Electric & Gas earned $62 million, PSNC Energy earned $30 million, and SCANA Energy earned $22 million. The company affirmed its guidance for 2009 earnings between $2.65 to $2.95 per share.
Embraer released its third quarter 2011 results. Revenue reached $1.36 billion and gross margin was 21.2%. EBIT was $124.2 million and the EBIT margin was 9.1%, above guidance. The order backlog increased to $16 billion due to sales in executive aviation. Net income was $1.9 million primarily due to deferred taxes from currency appreciation. Guidance for 2011 revenue was revised to $5.6-5.8 billion and EBIT and EBITDA guidance remained unchanged at $465 million and $700 million, respectively.
gov revenue formsandresources forms RW-3_rev_09-07_fill-intaxman taxman
This document is an annual mineral royalty withholding tax reconciliation form for the state of Montana. It requires the taxpayer to provide information about net royalty payments, taxes withheld, taxes paid, and any differences between amounts withheld and paid on a quarterly basis. The taxpayer must also attach all relevant 1099-MISC forms and can request a refund or application of an overpayment to future liabilities. Any underpayment will require payment with the submitted form.
Marathon Oil Corporation reported third quarter 2007 results, with net income of $1.021 billion compared to $1.623 billion in third quarter 2006. Earnings were impacted by a challenging quarter for downstream segments as increased crude costs compressed margins. Despite near-term volatility, Marathon is making investments in profitable long-term growth opportunities such as Canadian oil sands and refinery upgrades. Marathon also acquired additional oil sands leases and expects production from the assets to grow significantly in coming years.
Embraer released its first quarter 2010 results according to US GAAP standards. Key highlights included:
- Jet deliveries totaled 41 aircraft, including 21 commercial jets.
- Backlog remained strong at $16 billion, over 3 times annual revenue.
- Net sales were $990 million with gross margin improved to 21.7% from 18.2% in Q1 2009.
- EBIT and EBITDA margins were 5.8% and 8.1% respectively, in line with guidance.
- Net income was $35.3 million compared to a $23.4 million loss in Q1 2009.
Webcast about the 1st Quarter Results 2011 - IFRSPetrobras
Petrobras reported strong financial results for the 1st quarter of 2011, with record net income. Key highlights included the start-up of pre-salt production in the Campos and Santos Basins, new oil discoveries in the Santos Basin pre-salt area, and the start-up of new gas pipelines and refining units. Oil and gas production increased slightly compared to the prior year due to ramp-ups in existing fields and assets. In the Santos Basin pre-salt area, Petrobras continued development and exploration activities through EWTs, new discoveries, and optimization of drilling times and costs.
- OGX is poised to begin its drilling campaign, with drilling about to start on the BM-S-29 block in partnership with Maersk Oil. The rig has arrived at the block.
- In the second quarter, OGX reviewed 3D seismic data for blocks in the Campos basin and obtained additional concession rights in the BM-S-29 block.
- Financially, OGX had a net loss in the second quarter due to foreign exchange hedging positions, but had a strong cash position of R$7.9 billion at the end of the quarter.
The document summarizes Petrobras' 4th quarter 2007 results and 2007 annual results. Key points include a 14,000 bpd increase in domestic oil production year-over-year due to new production systems, a 1% decline in production from existing systems, and a 131.1% reserves replacement rate. Lifting costs increased in the 4th quarter due to currency effects and wage increases. Net income decreased from the prior quarter due to higher costs and operating expenses. Upcoming production units are also outlined.
1) OHL Brasil held a conference call to discuss 3Q09 earnings results and provide projections.
2) Traffic performance was down 1.7% for state concessions but toll tariffs increased by 3.6%. Federal concessions saw traffic increase 28.5% while tariffs decreased slightly.
3) Net revenue for 3Q09 was R$127.6 million for federal concessions, higher than projected. The forecast for 4Q09 was revised down due to delays in opening a toll plaza.
This presentation provides an overview of OHL Brasil's participation in the auction of federal toll roads in Brazil. OHL Brasil was successful in obtaining concessions for 5 lots totaling 2,078.8 km out of the 2,600.8 km auctioned. The presentation outlines OHL Brasil's organizational structure, history of acquisitions and expansion in Brazil, the timeline and details of the auction process, and projections for traffic, revenues, and returns on the toll road concessions won.
The document summarizes OHL Brasil's 2Q08 earnings conference call. It discusses a 12.1% increase in traffic volume across its concessions. Adjusted EBITDA grew 24.7% to R$107.8 million in 2Q08, while net income increased 12.9% compared to the same period in 2007. It also notes changes in accounting practices required by new legislation and reviews key financial results including net revenue, EBITDA margins, and the financial result.
OHL Brasil reported strong financial results in 2005, with adjusted EBITDA growth of 15.1% and low debt levels. As the third largest toll road operator in Brazil, it operates over 900km of roads and saw traffic grow 3% compared to 2.3% GDP growth. The company is well positioned for future acquisitions and bidding processes given its financial strength and experience in the sector.
The document provides a summary of OHL Brasil's 4Q09 earnings conference call. It discusses traffic performance, toll tariffs, net revenue, EBITDA margins, and financial results for OHL Brasil's state and federal highway concessions. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions. EBITDA margins were 61.6% in 4Q09. Financial expenses increased due to higher BNDES loans but the net financial result improved 25.3% from the previous quarter. Gross indebtedness was R$1,936 million and leverage ratios remained stable.
This document summarizes the 3Q10 earnings results of OHL Brasil. It shows increases in vehicle traffic across OHL Brasil's state and federal road concessions compared to previous periods. Revenue, EBITDA, and net income all increased for 3Q10 compared to 2Q10 and 3Q09. The document also provides details on debt levels, financial results, and toll tariff information.
OHL Brasil is the largest road operator in Brazil, managing 3,226 km of toll roads. The company saw growth in 1Q08, with a 17.2% increase in traffic and 13.3% increase in net revenue. OHL Brasil plans to continue expanding through new public auctions and acquisitions, with opportunities expected in upcoming auctions in Sao Paulo and additional states. The company maintains its goal of growing its portfolio in the Brazilian toll road market.
- Traffic and toll revenue for OHL Brasil increased in 2Q11 compared to 1Q11 and 2Q10, driven by economic growth and infrastructure expansions. Toll revenue was up 19% year-over-year.
- EBITDA increased 11% quarter-over-quarter and 17% year-over-year to R$236 million in 2Q11, with margins of 37%. Adjusted EBITDA excluding maintenance provisions was up 7% and 20% to R$270 million.
- Strong results were achieved due to higher traffic and tolls from economic recovery and new infrastructure, though future performance depends on market conditions and economic growth.
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
This document provides financial results for OHL Brasil for 4Q11, 2011, and comparisons to previous periods. Key points include:
- Tolled traffic grew 7.8% in 4Q11 and 14.3% in 2011 compared to previous periods due to new toll plazas and bi-directional collection.
- Toll tariffs grew 9.6% in 4Q11 and 3.7% in 2011 mainly due to inflation adjustments.
- Gross revenue grew with increases in toll plaza revenues and construction revenues.
- Adjusted EBITDA grew in 4Q11 and 2011 while margins remained stable, despite provisions for highway maintenance.
OHL Brasil is the largest road operator in Brazil, managing over 3,000 km of toll roads and experiencing consistent growth through acquisitions and new projects. The company saw a 13.3% increase in net revenue for 1Q08 compared to 1Q07, as well as growth in traffic and average toll rates across most concessions, leading to a 16.5% rise in adjusted EBITDA. However, financial expenses increased and the monetary correction of fixed concession charges rose significantly, resulting in a higher net financial loss for 1Q08 versus 1Q07 and 4Q07.
- The document summarizes the results of a 2Q13 earnings conference call for Arteris, a toll road operator in Brazil. It reported increased toll revenues and traffic volumes compared to 1Q13 and 2Q12. Adjusted EBITDA and net income were up for the quarter and half year period. Cash costs declined and margins increased. Total investments in road maintenance and infrastructure were lower in 2Q13 compared to prior periods. The company is on track to invest over R$1.3 billion in federal highways and R$140 million in state highways for 2013. Debt levels rose slightly but remained at comfortable ratios to cash flow.
This document provides a summary of PETROBRAS' 1st quarter 2006 earnings conference call. The summary includes:
- PETROBRAS' net income decreased 18% compared to the previous quarter due to higher tax payments.
- Domestic oil and NGL production increased 14% year-over-year due to new platform start-ups.
- Lifting costs increased 6% quarter-over-quarter mainly due to a 3% real appreciation and lower production volumes.
- Refining costs decreased 6% from the previous quarter due to fewer planned refinery stoppages.
Ford reported its second quarter 2009 earnings. While wholesale sales and revenue declined compared to the second quarter of 2008, Ford reduced structural costs and improved pre-tax operating results. Ford gained market share in key regions and launched new products. Ford also took actions to reduce debt and raised capital through a stock offering to strengthen its financial position.
SCANA Corporation reported consolidated earnings of $114 million for the first quarter of 2009, comparable to earnings of $109 million in the first quarter of 2008. Earnings were positively impacted by lower operating and maintenance expenses and favorable weather, offsetting factors such as lower natural gas margins. By business line, South Carolina Electric & Gas earned $62 million, PSNC Energy earned $30 million, and SCANA Energy earned $22 million. The company affirmed its guidance for 2009 earnings between $2.65 to $2.95 per share.
Embraer released its third quarter 2011 results. Revenue reached $1.36 billion and gross margin was 21.2%. EBIT was $124.2 million and the EBIT margin was 9.1%, above guidance. The order backlog increased to $16 billion due to sales in executive aviation. Net income was $1.9 million primarily due to deferred taxes from currency appreciation. Guidance for 2011 revenue was revised to $5.6-5.8 billion and EBIT and EBITDA guidance remained unchanged at $465 million and $700 million, respectively.
gov revenue formsandresources forms RW-3_rev_09-07_fill-intaxman taxman
This document is an annual mineral royalty withholding tax reconciliation form for the state of Montana. It requires the taxpayer to provide information about net royalty payments, taxes withheld, taxes paid, and any differences between amounts withheld and paid on a quarterly basis. The taxpayer must also attach all relevant 1099-MISC forms and can request a refund or application of an overpayment to future liabilities. Any underpayment will require payment with the submitted form.
Marathon Oil Corporation reported third quarter 2007 results, with net income of $1.021 billion compared to $1.623 billion in third quarter 2006. Earnings were impacted by a challenging quarter for downstream segments as increased crude costs compressed margins. Despite near-term volatility, Marathon is making investments in profitable long-term growth opportunities such as Canadian oil sands and refinery upgrades. Marathon also acquired additional oil sands leases and expects production from the assets to grow significantly in coming years.
Embraer released its first quarter 2010 results according to US GAAP standards. Key highlights included:
- Jet deliveries totaled 41 aircraft, including 21 commercial jets.
- Backlog remained strong at $16 billion, over 3 times annual revenue.
- Net sales were $990 million with gross margin improved to 21.7% from 18.2% in Q1 2009.
- EBIT and EBITDA margins were 5.8% and 8.1% respectively, in line with guidance.
- Net income was $35.3 million compared to a $23.4 million loss in Q1 2009.
Webcast about the 1st Quarter Results 2011 - IFRSPetrobras
Petrobras reported strong financial results for the 1st quarter of 2011, with record net income. Key highlights included the start-up of pre-salt production in the Campos and Santos Basins, new oil discoveries in the Santos Basin pre-salt area, and the start-up of new gas pipelines and refining units. Oil and gas production increased slightly compared to the prior year due to ramp-ups in existing fields and assets. In the Santos Basin pre-salt area, Petrobras continued development and exploration activities through EWTs, new discoveries, and optimization of drilling times and costs.
- OGX is poised to begin its drilling campaign, with drilling about to start on the BM-S-29 block in partnership with Maersk Oil. The rig has arrived at the block.
- In the second quarter, OGX reviewed 3D seismic data for blocks in the Campos basin and obtained additional concession rights in the BM-S-29 block.
- Financially, OGX had a net loss in the second quarter due to foreign exchange hedging positions, but had a strong cash position of R$7.9 billion at the end of the quarter.
The document summarizes Petrobras' 4th quarter 2007 results and 2007 annual results. Key points include a 14,000 bpd increase in domestic oil production year-over-year due to new production systems, a 1% decline in production from existing systems, and a 131.1% reserves replacement rate. Lifting costs increased in the 4th quarter due to currency effects and wage increases. Net income decreased from the prior quarter due to higher costs and operating expenses. Upcoming production units are also outlined.
1) OHL Brasil held a conference call to discuss 3Q09 earnings results and provide projections.
2) Traffic performance was down 1.7% for state concessions but toll tariffs increased by 3.6%. Federal concessions saw traffic increase 28.5% while tariffs decreased slightly.
3) Net revenue for 3Q09 was R$127.6 million for federal concessions, higher than projected. The forecast for 4Q09 was revised down due to delays in opening a toll plaza.
This presentation provides an overview of OHL Brasil's participation in the auction of federal toll roads in Brazil. OHL Brasil was successful in obtaining concessions for 5 lots totaling 2,078.8 km out of the 2,600.8 km auctioned. The presentation outlines OHL Brasil's organizational structure, history of acquisitions and expansion in Brazil, the timeline and details of the auction process, and projections for traffic, revenues, and returns on the toll road concessions won.
The document summarizes OHL Brasil's 2Q08 earnings conference call. It discusses a 12.1% increase in traffic volume across its concessions. Adjusted EBITDA grew 24.7% to R$107.8 million in 2Q08, while net income increased 12.9% compared to the same period in 2007. It also notes changes in accounting practices required by new legislation and reviews key financial results including net revenue, EBITDA margins, and the financial result.
OHL Brasil reported strong financial results in 2005, with adjusted EBITDA growth of 15.1% and low debt levels. As the third largest toll road operator in Brazil, it operates over 900km of roads and saw traffic grow 3% compared to 2.3% GDP growth. The company is well positioned for future acquisitions and bidding processes given its financial strength and experience in the sector.
The document provides a summary of OHL Brasil's 4Q09 earnings conference call. It discusses traffic performance, toll tariffs, net revenue, EBITDA margins, and financial results for OHL Brasil's state and federal highway concessions. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions. EBITDA margins were 61.6% in 4Q09. Financial expenses increased due to higher BNDES loans but the net financial result improved 25.3% from the previous quarter. Gross indebtedness was R$1,936 million and leverage ratios remained stable.
This document summarizes the 3Q10 earnings results of OHL Brasil. It shows increases in vehicle traffic across OHL Brasil's state and federal road concessions compared to previous periods. Revenue, EBITDA, and net income all increased for 3Q10 compared to 2Q10 and 3Q09. The document also provides details on debt levels, financial results, and toll tariff information.
OHL Brasil is the largest road operator in Brazil, managing 3,226 km of toll roads. The company saw growth in 1Q08, with a 17.2% increase in traffic and 13.3% increase in net revenue. OHL Brasil plans to continue expanding through new public auctions and acquisitions, with opportunities expected in upcoming auctions in Sao Paulo and additional states. The company maintains its goal of growing its portfolio in the Brazilian toll road market.
- Traffic and toll revenue for OHL Brasil increased in 2Q11 compared to 1Q11 and 2Q10, driven by economic growth and infrastructure expansions. Toll revenue was up 19% year-over-year.
- EBITDA increased 11% quarter-over-quarter and 17% year-over-year to R$236 million in 2Q11, with margins of 37%. Adjusted EBITDA excluding maintenance provisions was up 7% and 20% to R$270 million.
- Strong results were achieved due to higher traffic and tolls from economic recovery and new infrastructure, though future performance depends on market conditions and economic growth.
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
This document provides financial results for OHL Brasil for 4Q11, 2011, and comparisons to previous periods. Key points include:
- Tolled traffic grew 7.8% in 4Q11 and 14.3% in 2011 compared to previous periods due to new toll plazas and bi-directional collection.
- Toll tariffs grew 9.6% in 4Q11 and 3.7% in 2011 mainly due to inflation adjustments.
- Gross revenue grew with increases in toll plaza revenues and construction revenues.
- Adjusted EBITDA grew in 4Q11 and 2011 while margins remained stable, despite provisions for highway maintenance.
OHL Brasil is the largest road operator in Brazil, managing over 3,000 km of toll roads and experiencing consistent growth through acquisitions and new projects. The company saw a 13.3% increase in net revenue for 1Q08 compared to 1Q07, as well as growth in traffic and average toll rates across most concessions, leading to a 16.5% rise in adjusted EBITDA. However, financial expenses increased and the monetary correction of fixed concession charges rose significantly, resulting in a higher net financial loss for 1Q08 versus 1Q07 and 4Q07.
- The document summarizes the results of a 2Q13 earnings conference call for Arteris, a toll road operator in Brazil. It reported increased toll revenues and traffic volumes compared to 1Q13 and 2Q12. Adjusted EBITDA and net income were up for the quarter and half year period. Cash costs declined and margins increased. Total investments in road maintenance and infrastructure were lower in 2Q13 compared to prior periods. The company is on track to invest over R$1.3 billion in federal highways and R$140 million in state highways for 2013. Debt levels rose slightly but remained at comfortable ratios to cash flow.
OHL Brasil is the second largest toll road operator in Brazil, operating 1,147 km of toll roads. In the third quarter of 2006, traffic grew 8.6% over the previous quarter and net services revenue increased 7.7%. Adjusted EBITDA was R$73.2 million with a margin of 66.9%. While net income declined 5.8% compared to the prior year third quarter, the company remains financially strong with continued investment in expanding and upgrading its toll road network.
This document provides an overview of arteris, a Brazilian toll road company, and its new ownership structure with Abertis and Brookfield. Some key points:
1) arteris is Brazil's largest toll road operator by kilometers managed and has a presence in 5 key Brazilian states.
2) Abertis and Brookfield acquired arteris from OHL and now hold a 51% and 49% stake respectively.
3) Abertis is a world leader in transportation and telecom infrastructure and aims to generate value from arteris through its strong and recurrent cash generation.
The document provides a summary of OHL Brasil's 2Q10 earnings results conference call. It includes information on traffic evolution, toll tariffs, net revenue, EBITDA and margins, and financial results for various concessions compared to previous periods. Key highlights include an 11-12% increase in traffic across state concessions, EBITDA growth of 41.9% year-over-year, and a financial result impacted by a 110.1% increase in financial revenues but also higher financial expenses of 31.9%.
The document provides financial results and traffic data for OHL Brasil for the first quarter of 2010. Some key points:
- Total traffic increased 11.6% compared to the first quarter of 2009 across state concessions and 195.7% across federal concessions.
- Net revenue increased 54.4% overall compared to the first quarter of 2009, with strong growth across all concessions.
- EBITDA was R$202.9 million for the quarter, a 114.5% increase over the first quarter of 2009, with an EBITDA margin of 60.3%.
- Net income was R$56.4 million for the quarter compared to a net loss in the prior year period
This document summarizes OHL Brasil's 2Q08 earnings conference call. Key points include:
1) Traffic in OHL Brasil's concessions increased 12.1% in 2Q08. Adjusted EBITDA grew 24.7% to R$107.8 million and net income grew 12.9% to R$18.9 million.
2) OHL Brasil invested R$47.4 million in initial works for its new federal concessions in 2Q08 and expects to begin toll collection by the end of 2008.
3) OHL Brasil continues to analyze new concession opportunities in Sao Paulo, Bahia, additional federal routes, Minas Gerais
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.
1) OHL Brasil reported its financial results for 1Q12, with total tolled traffic increasing 6.1% year-over-year to 170.6 million vehicle-equivalents.
2) Adjusted EBITDA was R$258 million, down 1.4% year-over-year, with an adjusted EBITDA margin of 41.4%.
3) Net income was R$105 million, up 48% year-over-year.
4) OHL Brasil also announced a 1:5 share split and a memorandum of understanding between its
1) During 1Q09, 17 new toll plazas began operating in OHL Brasil's federal concessions, bringing the total to 22 toll plazas. However, traffic in state concessions decreased 3.3% compared to 1Q08.
2) Net revenue increased 39.7% to R$217.9 million in 1Q09. However, adjusted EBITDA decreased 12.7% to R$81.5 million due to the start-up of federal concessions and changes in accounting practices.
3) Net income decreased 57.2% to R$3.9 million in 1Q09 compared to 1Q08, impacted by the beginning of toll collection in federal concessions and the
1) OHL Brasil held a conference call to discuss 3Q09 earnings results and provide projections.
2) Traffic performance was down 1.7% for state concessions but toll tariffs increased by 3.6%. Federal concessions saw traffic increase 28.5% while tariffs declined slightly.
3) Net revenue for 3Q09 was R$127.6 million for federal concessions, higher than projected. The forecast for 4Q09 was revised down due to delays in opening a toll plaza.
This document provides a summary of OHL Brasil's 4Q09 earnings conference call. It includes information on traffic performance and average toll tariffs for state concessions, traffic and tariff details for federal concessions, net revenue evolution by concessionaire, and EBITDA and margin details. Key points include a 9.4% increase in net revenue for state concessions and an 8% increase for federal concessions compared to 4Q08. EBITDA margin was 61.6% excluding federal concessions.
The document summarizes OHL Brasil's 3Q11 results. Traffic increased 5.0% year-over-year to 171 million vehicles. Toll revenue grew 6.3% to R$507 million due to tariff increases and new toll plazas. EBITDA increased 21.7% to R$316 million compared to 3Q10, with margins of 40.1%. Net income increased 49% to R$138 million. Gross debt grew 7.0% to R$2.96 billion due to investments and acquisitions. The results were positively impacted by toll adjustments and new infrastructure, though forward-looking statements depend on market and economic conditions.
The document provides financial results and traffic data for OHL Brasil for the first quarter of 2010. Some key points:
- Total traffic increased 11.6% compared to the first quarter of 2009 across state concessions and 195.7% across federal concessions.
- Net revenue increased 54.4% overall compared to the first quarter of 2009 to R$336.5 million.
- EBITDA was R$202.9 million for the quarter, a 114.5% increase over the first quarter of 2009, with an EBITDA margin of 60.3%.
- Net income was R$56.4 million compared to a net loss in the prior year quarter, representing an
- Traffic on OHL Brasil's highways increased 5.0% in 3Q11 compared to 3Q10 and 15.6% for the first nine months of 2011, driven by the implementation of bidirectional tolling and the opening of a new toll plaza.
- Gross revenue grew 27% in 3Q11 versus 3Q10 due to tariff increases, bidirectional tolling, and the new toll plaza. EBITDA increased 49% and net income grew 49%.
- The company took on additional long-term debt to fund investments, lengthening its debt profile. Net debt increased 10.7% over 3Q10 but the net debt to EBITDA ratio remained stable.
This document provides an overview of OHL Brasil's 2010 earnings results conference call. It includes information on traffic levels, toll tariffs, revenues, costs, EBITDA, financial results, and debt levels. Key points include a 13.6% increase in state concession traffic and a 42.8% increase in federal concession traffic compared to 2009. Net revenue grew 18.1% to over R$2 billion while adjusted EBITDA increased 39.2% to R$942 million. Net income grew 33.8% to R$304 million. Gross indebtedness increased but leverage ratios improved.
This document provides financial results and performance metrics for OHL Brasil for 2Q12 and comparisons to 1Q12 and 2Q11. Some key highlights:
- Tolled traffic increased 2.1% in 2Q12 compared to 2Q11. Toll tariffs increased 7.8% on average.
- Adjusted EBITDA was R$303 million in 2Q12, a 4.3% increase from 2Q11. Net income increased to R$161 million in 2Q12.
- Gross revenue composition was 31% from tolls, 24% from construction, and 16% from others.
- Total costs increased 21.6% in 1H12 compared
The document provides financial results and key performance indicators for OHL Brasil for the second quarter of 2010. Some highlights include:
- Total traffic across OHL Brasil's state and federal concessions increased 28.9% in the second quarter compared to the prior year.
- Net revenue increased 24.6% in the first half of 2010 compared to the first half of 2009, driven by growth across all concessions.
- EBITDA margin was 61.6% in the second quarter, representing continued strong profitability.
- Electronic toll collection rates continued to increase for both state and federal concessions.
So in summary, the document outlines strong financial and operating results for the second quarter of
This document provides an overview of Banco Santander's 1Q10 results in Brazil. It discusses the improving Brazilian macroeconomic environment in 2010-2011, Santander's strategy to integrate its acquisitions and become the third largest private bank in Brazil, and highlights synergies realized from the integration. Key metrics on loans, deposits, profits, and branch network are also presented.
OHL Brasil held a conference call to discuss its 1Q11 earnings results. Key highlights included:
- Toll revenue grew 18.6% year-over-year to R$434 million, driven by traffic increases of 18.9% across concessions.
- Adjusted EBITDA grew 23.8% year-over-year to R$251 million, with margins expanding 1.7 percentage points.
- Net financial results declined slightly quarter-over-quarter but increased 24% year-over-year to R$60.7 million negative due to higher interest rates on debt.
OHL Brasil held a conference call to discuss its 1Q11 earnings results. The document provides an overview of key performance metrics for OHL Brasil including traffic growth, toll tariffs, gross service revenue, EBITDA, and financial results for the quarter. Traffic on OHL Brasil's state and federal concessions grew 20.3% and 18.5% respectively in 1Q11 compared to 1Q10. Gross service revenue increased 19.3% to R$601.6 million in 1Q11 driven by toll revenue growth of 18.6%. EBITDA grew 15.9% to R$212.8 million in 1Q11 compared to 1Q10. The net financial result was negatively
1. The document summarizes Santander Brasil's 1H10 results, highlighting growth in net profits, loans, and fees.
2. Loan volumes increased across most segments, with notable growth in payroll, mortgage, and credit card loans.
3. Asset quality improved with a comfortable coverage ratio, while performance ratios like efficiency and ROAE also enhanced over the last 12 months.
1) The document discusses Banco Santander's (Brasil) 1H10 results. It saw continued economic recovery in Brazil with GDP growth resuming.
2) Santander is the 3rd largest private bank in Brazil by assets and had market shares of around 10-15% in various regions of Brazil. It has over 2,000 branches and 18,000 ATMs.
3) Santander has integrated acquired banks into its operations and realized cost synergies above expectations totaling over R$1.4 billion. Its "Conta Integrada" acquiring and financial services saw better than expected results in its first few months.
Frontier Financial Corporation announced its financial results for the first quarter of 2009, reporting a net loss of $33.8 million compared to a net loss of $89.5 million in the previous quarter and net income of $15.5 million in the first quarter of 2008. Nonperforming assets increased significantly due to continued pressure from the uncertain economy and housing market. In response, the company is taking steps to strengthen its capital position and reduce expenses while continuing to recognize loan quality deterioration and charge offs.
WEG reported its Q2 2010 results with the following highlights:
- Gross operating revenue increased 8.5% year-over-year to R$1.227 billion. Domestic revenue grew 3.7% while external markets grew 20%.
- Net income decreased 2.5% to R$116.1 million and EBITDA declined 4.3% to R$174 million.
- The company expanded internationally through additional investments in Mexico and South Africa and acquiring a company in Brazil.
- Management believes growth opportunities remain in energy efficiency and renewable energy areas.
OHL Brasil held a conference call to discuss its 4Q08 earnings results. Key highlights included:
- 4Q08 revenue increased 16.3% to R$193.9 million compared to 4Q07. Adjusted EBITDA grew 21% to R$126.5 million.
- Toll traffic across state concessions grew 2.6% year-over-year. Toll collection began on 3 federal concessions.
- Net income for 4Q08 was R$46.4 million, up 112.4% from 4Q07, driven by higher revenues and lower financial expenses.
- Leverage ratio remained stable at 1.1x and debt costs were primarily linked to CDI rates.
Tempo announced a 28% year-over-year growth in net revenues and 20% year-over-year growth in EBITDA. The company also saw a new CEO and initiated a second stock buyback program. Tempo will implement SAP software to consolidate acquired companies onto one platform. Overall, Tempo continued acquisitions and organic growth in 2008 but faced challenges from the global economic crisis, leading to a focus on efficiencies over market consolidation.
This document summarizes OHL Brasil's financial results for the third quarter of 2012. Some key points:
- Tolled traffic increased 7.1% compared to the third quarter of 2011. Average toll tariffs increased 5% year-over-year.
- Revenue was R$877 million, up 11.4% from the third quarter of 2011. Construction revenue was R$298 million.
- Adjusted EBITDA was R$339 million, up 20.4% from the third quarter of 2011, with an EBITDA margin of 63.1%.
- Net income was R$103 million, up significantly from R$89 million in the second quarter.
1) The document summarizes Credit Suisse's quarterly results for Q3 2005. It reported a 109% increase in net income and a 104% increase in basic EPS compared to Q3 2004.
2) Private Banking saw strong results driven by increased asset-based and transaction-based revenues, with continued strong asset inflows especially from Asia and Europe.
3) Institutional Securities saw improved results due to a focus on high-margin products and active markets, with significant progress in investment banking.
The document summarizes Arteris' second quarter 2014 results conference call. It highlights a 1.5% increase in tolled traffic and 18.9% growth in net revenue compared to Q2 2013. EBITDA grew 3% over Q2 2013. Capex totaled R$426.1 million for the quarter. Management discussed operational and financial performance, strategy focused on economic, social and environmental sustainability, and estimated capex of R$1.8 billion for 2014.
O documento resume o desempenho financeiro e operacional da empresa no segundo trimestre de 2014. Houve crescimento de 1,5% no tráfego pedagiado e de 18,9% na receita líquida na comparação anual. O EBITDA aumentou 3% no trimestre. A empresa continua focada em investimentos, qualidade do atendimento e sustentabilidade.
The document summarizes Arteris' 1Q14 results conference call. It discusses the company's operational and financial performance for the quarter, including a 5.4% increase in tolled traffic and growth in revenue and EBITDA. It also outlines the company's strategy going forward, which focuses on efficient capex delivery, sustainability, operations, and strengthening its corporate image. The document notes Arteris plans to pay a 50% dividend for fiscal year 2013 results.
O documento resume o desempenho da empresa no primeiro trimestre de 2014, com crescimento de 5,4% no tráfego, 22,6% na receita líquida e 8,3% no EBITDA ajustado. A estratégia da empresa foca em investimentos, operações eficientes e fortalecimento da imagem corporativa. A política de remuneração aos acionistas prevê distribuição de 50% do lucro líquido ajustado em dividendos.
- As concessionárias estaduais tiveram forte crescimento no tráfego pedagiado de 10,7% impulsionado pelo início da cobrança dos eixos suspensos.
- A Autopista Litoral Sul interrompeu a cobrança na P5 impactando o resultado das concessões federais, com queda de 1,1% no tráfego.
- A receita bruta consolidada cresceu 8,2% em 2013, atingindo R$3,6 bilhões, com receita de pedágio de R$2,3 bilhões
- As rodovias estaduais tiveram expressivo crescimento no tráfego de veículos (+11,1%) impulsionado pelo início da cobrança dos eixos suspensos.
- A Autopista Litoral Sul interrompeu a cobrança na P5, impactando o resultado das concessões federais.
- A companhia apresentou crescimento de 9,6% na receita bruta e 6,9% nos custos totais, com EBITDA ajustado de R$381 milhões e lucro líquido de R$129 milh
This document summarizes the key information from CCR's third quarter 2013 results conference call. It shows that vehicle traffic grew 11.1% on state highways and 3.8% overall. Toll revenues increased 8.5% and adjusted EBITDA grew 10.6%. Cash costs declined slightly as a percentage of revenue. Gross debt increased 10.6% but remained at prudent levels. Overall, financial and operating metrics improved in the third quarter of 2013.
O documento resume os resultados financeiros da Arteris no segundo trimestre de 2013, destacando:
1) Crescimento de 1,2% no tráfego total e aumentos moderados nas tarifas médias;
2) Aumento de 11,8% na receita de pedágio impulsionada pelas rodovias estaduais;
3) Melhora nas margens com redução dos custos caixa.
The document is a presentation of the 1Q13 results of Arteris, a toll road operator in Brazil. It summarizes key metrics such as toll traffic, toll tariffs, revenue, costs, EBITDA, net income, debt levels, and investments. The presentation contains forward-looking statements that are projections based on management's expectations and depend on factors such as market conditions, the economy, and the industry, so are subject to change. Traffic and revenue increased in the quarter compared to prior periods. Costs, financial expenses, and debt also increased while cash position, EBITDA margin, and net income remained stable or decreased slightly.
O documento apresenta os resultados financeiros e operacionais da Arteris no primeiro trimestre de 2013. Houve queda no tráfego e nas receitas, mas o lucro líquido se manteve estável em relação ao trimestre anterior. Os investimentos em ativos e manutenção de rodovias aumentaram no período.
The document summarizes Arteris' financial results for the fourth quarter and full year of 2012. It provides information on tolled traffic, toll tariffs, gross revenue composition, costs and expenses, and operational performance including adjusted EBITDA. Key highlights include a 3.9% increase in tolled traffic for 4Q12 compared to 4Q11 and a 6.7% increase in average toll tariff. Adjusted EBITDA was R$1,195 million for 2012 with a margin of 65.7%.
A apresentação fornece um resumo dos resultados financeiros da Arteris no quarto trimestre de 2012 e no ano de 2012. Os principais pontos são:
1) O tráfego total aumentou 1,5% no quarto trimestre e 4,1% em 2012 em comparação aos mesmos períodos do ano anterior.
2) A receita líquida aumentou 6,4% no quarto trimestre e 6,7% em 2012.
3) O EBITDA ajustado foi de R$349 milhões no quarto trimestre, com margem de 68,3
Este documento fornece uma apresentação institucional da empresa arteris para janeiro de 2013. Contém informações sobre a história e perfil da companhia, sua nova estrutura acionária após a aquisição de participação da Abertis e Brookfield, as estratégias dessas empresas para a arteris, o marco regulatório e números do setor de concessões rodoviárias no Brasil.
Este documento apresenta os resultados financeiros da OHL Brasil para o terceiro trimestre de 2012. O tráfego total aumentou 7,1% em relação ao mesmo período do ano anterior. A receita líquida cresceu 4,2% e o lucro líquido aumentou 13,3%. No entanto, os custos operacionais também subiram significativamente, em 22,2% na comparação anual, pressionando as margens da empresa.
1) A OHL Brasil realizou uma teleconferência para apresentar os resultados do 2T12, com destaque para o crescimento de 2,1% no tráfego total e de 7,8% na tarifa média.
2) As receitas líquidas totalizaram R$781 milhões no 2T12, com os custos operacionais crescendo 5,6% em relação ao trimestre anterior.
3) O EBITDA ajustado consolidado se manteve praticamente estável em R$303 milhões no 2T12.
O documento apresenta os resultados operacionais e financeiros da OHL Brasil no 1T12. O tráfego cresceu 6,1% em relação ao ano anterior, impulsionado pela economia do petróleo e gás. A receita líquida aumentou 7,8% devido ao crescimento do tráfego e reajustes tarifários. O EBITDA ajustado foi de R$304 milhões, com margem de 63,4%. O lucro líquido foi de R$105 milhões.
O documento apresenta os resultados financeiros da OHL Brasil no quarto trimestre de 2011 e no ano de 2011. No quarto trimestre de 2011, a receita bruta aumentou 13,6% em relação ao mesmo período do ano anterior, impulsionada principalmente pelo crescimento da receita de pedágio. O EBITDA ajustado aumentou 39% no quarto trimestre de 2011 na comparação anual, com a margem EBITDA se mantendo estável. Por fim, o prejuízo financeiro líquido aumentou no quarto trimestre e no ano de 2011 devido aos mai
This presentation from OHL Brasil contains forward-looking statements about the company's prospects that are based on management's expectations and assumptions. These statements depend on factors like market conditions, regulations, competition, and the performance of the Brazilian economy, so they are subject to change.
OHL Brasil operates toll road concessions in Brazil through various subsidiaries. It has a portfolio of over 3,200 km of toll roads with approximately 35 million people living near its highways. Traffic on the toll roads increased in the first nine months of 2011 compared to the same period in 2010. The average remaining concession period is around 16 years.
OHL Brasil is part of the larger OHL Group, an international construction company.
Este documento apresenta os resultados da OHL Brasil para os primeiros nove meses de 2011. Apresenta informações sobre o perfil corporativo do Grupo OHL, suas áreas de atuação, carteira de concessões no Brasil e perspectivas para o cenário macroeconômico brasileiro.
This document provides an overview of OHL Brasil's results and opportunities. It summarizes OHL Brasil's portfolio of toll road concessions in Brazil, which total over 3,000 km and saw vehicle traffic increase by over 15% in the first nine months of 2011 compared to the same period in 2010. The document also outlines OHL Brasil's investment criteria, corporate structure, and macroeconomic factors in Brazil such as GDP growth, inflation, and interest rates, positioning OHL Brasil for continued opportunities in the growing Brazilian economy.
“An Outlook of the Ongoing and Future Relationship between Blockchain Technologies and Process-aware Information Systems.” Invited talk at the joint workshop on Blockchain for Information Systems (BC4IS) and Blockchain for Trusted Data Sharing (B4TDS), co-located with with the 36th International Conference on Advanced Information Systems Engineering (CAiSE), 3 June 2024, Limassol, Cyprus.
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
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While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
In his public lecture, Christian Timmerer provides insights into the fascinating history of video streaming, starting from its humble beginnings before YouTube to the groundbreaking technologies that now dominate platforms like Netflix and ORF ON. Timmerer also presents provocative contributions of his own that have significantly influenced the industry. He concludes by looking at future challenges and invites the audience to join in a discussion.
GraphRAG for Life Science to increase LLM accuracyTomaz Bratanic
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Best 20 SEO Techniques To Improve Website Visibility In SERPPixlogix Infotech
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In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
By highlighting the potential advantages and challenges of integrating AI with XML development tools and languages, the presentation seeks to inspire thoughtful conversation around the future of XML development. We’ll not only delve into the technical aspects of AI-powered XML development but also discuss practical implications and possible future directions.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
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2. Notice
This presentation contains forward-looking statements relating to the prospects of the
business, estimates for operating and financial results, and those related to growth prospects
of OHL Brasil, these are merely projections and, as such, are based exclusively on the
, y p j , , y
expectations of OHL Brasil’s management concerning the future of the business and its
continued access to capital to fund the Company’s business plan.
Such forward looking statements depend substantially on changes in market conditions
forward-looking depend, substantially, conditions,
government regulations, competitive pressures, the performance of the Brazilian economy and
the industry and are, therefore, subject to change without prior notice.
2
3. Highlights for the quarter
During the second quarter, 5 new toll plazas entered in operation in our federal
concessions. Closing 2Q09 we had 27 toll plazas in operation from a total of 29;
Due to the beginning of toll plazas operation in our federal concessions, the total toll-
paying traffic grew 206.5% in 2Q09 v.s. 2Q08;
In the same period the tolled traffic of o r state concessions decrease 2 7% o er
period, our 2.7% over
2Q08, related to the overall slowdown of the Brazilian economy, in the beginning of the
year. YTD the decrease is 3.0%;
67.6% increase in Net Revenues, totaling R$287.3 million and 32.8% increase in
Adjusted EBITDA, totaling R$144.8 million, over 2Q08;
R$26,8 million increase in Net Income over 2Q08, reaching R$45.8 million;
The first disbursements of the BNDES Bridge Loan took place at the end of June,
totaling R$ 476 7 million.
li 476.7 illi
3
4. Traffic Performance and Average Toll Tariff – State Concessions
Traffic Performance (in ‘000 equiv.-vehicle) Average Toll Tariff (R$)
-2.7%
2 7%
-10.3%
+12.2%
35 442
35,442 -0.2%
0 2%
34,501
31,291
7,383 7,031
6,356
13,042
13 042 12,691
11,390
5.419 5,108 5,482 5.89 5.88
5.24
5 24
9,598 8,438 9,298
2Q08 1Q09 2Q09
2Q08 1Q09 2Q09
Autovias Centrovias Intervias Vianorte
Tariff Adjustment of 11.53% in July 01, 2008
based on the accumulated variation of the
IGP-M from June/2007 to May/2008,
4
5. Toll Plazas – Federal Concessions
Operating T ll Pl
O ti Toll Plazas: 5 new t ll plazas started operating i 2Q09
toll l t t d ti in 2Q09.
Opening - Opening - Opening - Opening - Opening - Opening - Toll Plazas -
Concessionaire Total Toll Plazas
2008 Jan/2009 Feb/2009 Mar/2009 May/2009 June/2009 Operating
Planalto Sul 1 1 3 5 5
Fluminense 3 1 4 5
Fernão Dias 2 1 1 3 7 8
Régis Bittencourt 2 1 2 1 6 6
Litoral Sul 2 1 2 5 5
Total 5 2 10 5 3 2 27 29
Opening Estimation:
Concessionaire Aug/09 Nov/09 Total
Planalto Sul
Fluminense 1 1
Fernão Dias 1 1
Régis Bittencourt
Litoral Sul
Total 1 1 2
5
6. Traffic and Tariff – Federal Concessions
Toll-Paying Traffic – Federal Concessions 2Q09:
Var%
Equivalent-Vehicles 2Q09 1Q09
2Q09/1Q09
Planalto Sul 5,959,260
, , 3,814,815
, , 56.2%
Fluminense 5,774,000 2,792,000 106.8%
Fernão Dias 23,039,091 11,297,273 103.9%
Régis Bittencourt 25,308,667 12,078,667 109.5%
Litoral Sul 14,053,636 3,955,455 255.3%
Total - Federal Concessions: 74,134,654 33,938,210 118.4%
The toll tariffs offered in the federal auctions in October/07 were adjusted by the variation of the IPCA
from June 2007 to the month prior to the initiation of the toll charge at the first toll plaza in each
concessionaire:
Average Toll Tariff Var%
2Q09 1Q09
(in R$/Equiv-Vehicles) 2Q09/1Q09
Planalto Sul 2.70 2.70 0.0%
Fluminense 2.50 2.50 0.0%
Fernão Di
F ã Dias 1.10
1 10 1.10
1 10 0.0%
0 0%
Régis Bittencourt 1.50 1.50 0.0%
Litoral Sul 1.10 1.10 0.0%
Average - Federal Concessions: 1.47
1 47 1.54
1 54 -4.5%
4 5%
6
7. Potential Net Revenue – Federal Concessions
Potential Net Revenues 2Q09 2Q09
(R$ thousand) Real 29 toll plazas* Var%
Consolidated 100,169 121,099 82.7%
* Company estimatives, considering the operation in the whole quarter.
The federal concessions started 2Q09 with 22 toll plazas operating, and closed the
quarter operating 27 toll plazas;
Net revenue on federal concessions totaled R$100.2 million in 2Q09;
If the 29 toll plazas were operating since the beginning of the quarter, the net revenue
would be round R$121.1 million;
According to our estimates, net revenue recorded in 2Q09 represented 82.7% of the
potential net revenue for the quarter.
7
8. Net Revenue – Evolution per Concessionaire
Net Services Revenue Var% Var% Var%
2Q09 1Q09 2Q08 1H09 1H08
(R$ thousand) 2Q09/1Q09 2Q09/2Q08 1H09/1H08
Autovias 47,096 42,892 43,708 9.8% 7.8% 89,988 83,477 7.8%
Centrovias 44,734 41,771 39,145 7.1% 14.3% 86,505 75,471 14.6%
Intervias
I t i 53,369
53 369 47,824
47 824 49,125
49 125 11.6%
11 6% 8.6%
8 6% 101,193
101 193 93,489
93 489 8.2%
8 2%
Vianorte 41,941 37,627 39,463 11.5% 6.3% 79,568 75,016 6.1%
Total - State Concessions: 187,140 170,114 171,441 10.0% 9.2% 357,254 327,453 9.1%
Planalto Sul 14,739 9,435 - 56.2% n.a. 24,174 - n.a.
Fluminense 13,179 6,386 - 106.4% n.a. 19,565 - n.a.
Fernão Dias 23,244 11,426 - 103.4% n.a. 34,670 - n.a.
Régis Bittencourt 34,678 16,554 - 109.5% n.a. 51,232 - n.a.
Litoral Sul
Lit l S l 14,329
14 329 4,004
4 004 - 257.9%
257 9% n.a. 18,333
18 333 - n.a.
Total - Federal Concessions: 100,169 47,805 - 109.5% n.a. 147,974 - n.a.
Total: 287,309 217,919 171,441 31.8% 67.6% 505,228 327,453 54.3%
Electronic Toll Collection:
Revenues through electronic collections (AVI System) in the state concession toll
plazas in 2Q09 represented 53 0% compared to 50 7% in 1Q09 and 49 8% in 2Q08;
53.0% 50.7% 49.8%
For the federal concessions the average percentage of electronic collections is
currently at 27 5% against 25 0% in the 1Q09
27.5%, 25.0% 1Q09.
8
10. EBITDA – Federal Concessions Only
Var%
EBITDA - Federal Concessions (R$ thousand) 2Q09 1Q09
2Q09/1Q09
NET SERVICE REVENUE 100,169 47,805 109.5%
Costs and Service Expenses (75,017) (73,963) 1.4%
Costs f S i
C t of Services (E A
(Ex. Amort. and D
t d Depre.)
) (55,305)
(55 305) (55,028)
(55 028) 0.5%
0 5%
Grant Authority Expenses (8,558) (9,364) -8.6%
General & Administrative Expenses (Ex. Amort.) (10,292) (9,327) 10.3%
Directors' Compensation (680) (102) n.r.
Tax Expenses (219) (142) 54.2%
Other Revenues/ Expenses 37 - n.d.
EBITDA 25,152 (26,158) n.r.
EBITDA Margin (%) 25.1% -54.7%
The following two factors were relevant to the increase of EBITDA in our Federal
Concessions during this quarter:
Increase in Net Revenues in the period due to the operation of 22 out of the 29 toll
plazas in 2Q09, in addition to the beginning of collection of 5 additional toll plazas.
Maintenance of Operating Costs and Expenses vs. 1Q09 (+1.4%). Despite the
vs (+1 4%)
“maintenance” of federal concessionaires’ operating costs and expenses in the quarter,
these should increase and be in line with the costs and expenses expected in the
proposals delivered to ANTT (Brazilian Land Transportation Agency) in 2007, as more
toll l
t ll plazas start charging users and th collection systems b
t t h i d the ll ti t become f ll operational.
full ti l
10
11. Financial Result
Var% Var% Var%
Financial Result (R$ th
Fi i lR lt thousand)
d) 2Q09 1Q09 2Q08 1H09 1H08
2Q09/1Q09 2Q09/2Q08 1H09/1H08
Financial Revenues 10,784 13,979 3,668 -22.9% 194.0% 24,763 5,858 322.7%
Financial Expenses (40,848) (41,905) (41,310) -2.5% -1.1% (82,753) (76,028) 8.8%
BNDES (2,765) (3,064) (6,804) -9.8% -59.4% (5,829) (14,391) -59.5%
Other Financial Expenses (34,455) (37,441) (12,512) -8.0% 175.4% (71,896) (25,729) 179.4%
Monetary Correction of Fixed C. Charge (3,628) (1,400) (21,994) 159.1% -83.5% (5,028) (35,908) -86.0%
Net Exchange Variation 112 29 66 286.2% 69.7% 141 45 213.3%
Net Financial Result (29,952) (27,897) (37,576) 7.4% -20.3% (57,849) (70,125) -17.5%
% Net Services Revenue -10.4% -12.8% -21.9% -11.5% -21.4%
Financial Expenses Breakdown (% total of the financial expenses)
IGP M- (Inflation) – Quarterly
IGP-M
4.3%
Other Financial Expenses
89.3%
84.3%
53.2% - 0.3%
- 0.9%
2Q09 1Q09 2Q08
Monetary Correction of
Fixed Concession Charge 30.3%
CDI (Interest Rate) – Quart. Average
( ) g
8.9%
8 9%
7.3%
BNDES 12.5%
6.8% 16.5%
11.4%
3.3% 10.3%
2Q09 1Q09 2Q08
2Q09 1Q09 2Q08
11
12. Net Income
Results Evolution (in R$ thousand)
126,648
126 648 (10,780)
(10 780)
(57,194)
(9,072)
(12,484)
(12 484)
(7,316) 7,116 (17,858) 18,366 (10,658)
45,757
18,989
Net Income Gross Deductions Costs Grant Authority G&A Deprec. and Financial Financial Monetary IR&SC Net Income
2Q08 Revenues Expenses Expenses Amort. Revenues Expenses Correction Taxes 2Q09
of Fixed
Concession
Charge
+141.0%
12
13. Debt Structure
Gross Indebtedness (in R$ million) Leverage Ratio and Net Debt (in R$ million)
Dívida Bruta (R$ Milhões)
1,936
Grau de Alavancagem e Dívida Líquida (R$ Milhões) 2.6x
2.5x
1,425
1 425 739 1.9x
267 1.5x 1.4x
1,037 1.3x
1,012 1.1x 1.0x 1.1x
1,291
691 690 1,174
537 517 518 915
933 935 1,158
1 158 1,197
375 355
246 652
407 399 467 456 437 471
335 416
291 316
110 119 79 102
2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
Net Debt Net Debt/Adjusted EBITDA (last 12 Months)
Long Term Short Term
Debt Cost Breakdown Debt Amortization Schedule (in R$ million)
91.4%
1,197.2
61.9% 69.0% CDI
Cronograma Financeiro de Amortização (R$ Milhões)
37.5%
30.7%
30 7% 503.7
503 7
TJLP
8.2% 202.0
0.6% 0.3% Other 21.2 11.6 0.1
0.4%
Jul/09 to Jul/10 to 2011 2012 2013 2014
2Q08 1Q09 2Q09 Jun/10 Dec/10
13
14. Indebtedness – Federal Concessions
Approved credit line of R$1.0 billion structured with BNDES as a Bridge Loan for Federal
Concessions;
At the end of June occurred the first disbursements from BNDES Bridge Loan totaling
the amount of R$ 476.7 million;
Subsequent Events to the Quarter:
Payment of Promissory Notes:
y y
In July 2009, promissory notes issued in 1Q09 in the amount of R$400 million were paid
by the federal concessionaires;
Refinancing:
Taking into consideration the BNDES disbursement term, the Company issued new
promissory notes on July 22, 2009 for Autopista Planalto Sul and Autopista Fluminense,
in the total amount of R$120.0 million, with 60 days maturity and remuneration of CDI +
y y
2.5% p.y..
14
15. CapEx
CapEx Breakdown 2Q09 – R$259 2 million*
C E B kd R$259.2 illi *
3.77% 2.64%
3.59%
23.42% 3.61%
5.73%
12.59%
27.34%
17.31%
Estimated investments for the next 5 years (2009 to 2013), as scheduled under the
concession agreements:
State Concessions: R$470 million;
St t C i illi
Federal Concessions: R$4.3 billion.
* Not considering investments in other subsidiaries, holding and adjustments of consolidation.
15
16. New Opportunities
Federal Highways:
3rd St
d Stage / 1st Ph
t Phase: BR 040 BR 381 and BR 116 (Mi
BR-040, BR-381 d BR-116 (Minas G i St t ) 2 000 k
Gerais State). 2,000 km
with 3 lots. Auction estimated to occur in 2H09;
3rd Stage / 2nd Phase: BR-101/ES, BR-101/BA and BR-470/SC. 1,600 km with 3
lots. No estimate date for the auction.
State Highways:
Minas Gerais. 16 lots with 7,000 km. Concessions or PPP’s. Estimated to occur in
2009/2010;
São Paulo: 2 lots with approximated 386 km of roads on São Paulo State coast. No
estimate date for the auction
auction.
Airports:
Galeão (Rio de Janeiro) and Viracopos (Campinas-SP). Are expected the concession
of these two airports to privately-owned enterprise.
16