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4Q08 EARNINGS RELEASE
March 2009


Luis Alberto M. L. Reátegui
CEO

Rodin Spielmann 
CFO and Investor Relations Officer
4Q08 HIGHLIGHTS


• Gross Revenue
  Gross Revenue 
                                                                       •Net Revenue 
        • Growth of 9.8% in 4Q08 – R$ 283.2 million
                                                                              • Growth of 11.7% in 4Q08 – R$ 229.6 million
        • Growth of 12.5% in 2008 ‐ R$ 1.08 billion
                                                                              •G
                                                                               Growth of 12.2% in 2008 ‐ R$ 865 6 illi
                                                                                   th f 12 2% i 2008 R$ 865.6 million

• EBITDA 
        • Growth of 95.2% in the 4Q08 ‐ R$ 12.4 million
        • Growth of 33.0% in  2008 ‐ R$ 28.5 million

                                                    4Q07             4Q08          Δ%            2007            2008          Δ%
        NET REVENUE                                205.640          229.640       11,7%         771.605         865.648       12,2%
        GROSS PROFIT                                40.298          48.463                      143.273         167.140
                 g
        Gross Margin                                19,6%
                                                      ,             21,1%
                                                                      ,                         18,6%
                                                                                                  ,              19,3%
                                                                                                                   ,
        OPERATING EXPENSES                         -33.968          -36.111                    -121.819         -138.614
        (=) EBITDA                                  6.329           12.351        95.2%         21.454          28.527        33,0%
        EBITDA Margin                                3,1%            5,4%         2.3pp          2,8%            3,3%          0.5pp
        (=) Net Income                              3.792           2.202         -42%          9.701            3.581        -63%

                                                                                                                    In R$ thousands
* We present here the Proportional Combined result, witch considers only the proportional shares of Ideiasnet in the companies in its
portfolio.                                                                                                                              2
4Q08 HIGHLIGHTS


• Officer
     • EBITDA margin  ‐ 5,5% in the 4Q08 and 3,4% in 2008
     • EBITDA 
             • Growth of 153.2% in the 4Q08 – R$ 10.3 million
                    h f       %i h             $       illi
             • Growth of 80.5% in 2008 ‐ R$ 24,9 million 


• Spring Wireless  ‐ was included in the Magic Quadrant for Mobile Enterprise Application Platforms –
 Gartner  Report (Dec/08)
• Pini ‐ Net Revenue growth of 18.8% and EBITDA growth of 74.8% in 2008 
• Softcorp ‐ positive EBITDA margin in 2008 reversing the negative margins of the first half of 2008
• iL i i
  iLogistica ‐ was acquired by Officer i D
                       i d b Offi      in December 2008, Ideiasnet return ‐ 208 2%
                                               b 2008 Id i                  208.2% over the capital 
                                                                                         h     i l
 invested.
                                                                    ,      g
• Bolsa de Mulher ‐ increase of 400% in audience and 670% in revenue, during 2008
• Credit Suisse ‐ initiated Ideiasnet´s coverage in December 2008
                                                                                                        3
NET REVENUE

                                                                                   (R$ Millions)
                                                                        865.6

                                                             12.2%




                              11.7%      229.6
                     205.6                           771.6




                 4Q07                    4Q08        2007               2008




                               2007                                  2008

                             0,5%     1,0%                       1,6%       2,6%
                                                      4.9%
              4,4%




                                                                                    90,9%
                                             94,1%
                                             94 1%




                                                                                                   4
EBITDA


                                                                                (R$ Millions)

                                       12,4                            28,5
                        95,2%                                33,0%


                                                      21,5


                 6,3




                 4T07                  4T08           2007             2008




                          2007                                       2008
                                0,1%                         21,9%
                                              54,1%




         45,9%
                                                                              78,1%
                                                                                ,



                                                                                                5
NET INCOME

                                                                                   (R$ Millions)


                           3,8     - 41,9%


                                             2,2               9,7     - 63,1%

                                                                                 3,6



                          4T07               4T08              2007              2008




4Q08 Highlights
• Negative Financial Result of R$ 7.5 million
‐ FX variation of R$ 4 3 million (57 4% of financial expenses) = 1 9% of Net Revenue
  FX variation of R$ 4.3 million (57.4% of financial expenses) = 1.9% of Net Revenue


2008 Highlights
• Negative Financial Result of R$ 14.9 million
‐ FX variation of R$ 5.1 million (34.2% of financial expenses) = 0.6% of Net Revenue
                                                                                                   6
PORTFOLIO HIGHLIGHTS


OFFICER 

• Net Revenue 

     • R$ 186.0 million in the 4Q08, growth of 8.0%

     • R$ 727,2 million in 2008, growth of 12.0% 

• EBITDA  margin 

     • R$ 5.5 % growth  in the 4Q08, growth of 3,2pp

     • R$ 3,4%  in the 2008, growth of 1,3pp

• EBITDA

     • R$ 10.3 million in the 4Q08, growth of 153,0%
                                  ,g             ,

     • R$ 24,9 million in 2008, growth of 80.5% compared do 2007




                                                                   7
PORTFOLIO HIGHLIGHTS

OFFICER

• Annual Officer Real Time event, held in São Paulo and also in Porto Alegre

• Best Company Award in the Wholesale Sector by the 32nd edition of the Balanço Annual ranking, 
  published by the newspaper Gazeta Mercantil

• 2008 Preferred Distributor Award, sponsored by the Revista CRN Brasil magazine, receiving 15 of the 16 
  awards 
      d

• Ideiasnet Stock Purchase Program:  2,904,400 shares were acquired in the 4Q08, with a total of 
  3,535,900 shares purchased by year‐end.
  3 535 900 shares purchased by year end

SOFTCORP

• In the 2H08, the company posted positive EBITDA in both quarters, reversing the operational losses 
  posted in the first half

• The sales team was expanded by almost 80.0%, establishing a strong base for the company’s growth in 
  2009
                                                                                                        8
PORTFOLIO HIGHLIGHTS

PADTEC

• Net Revenue growth of 26.0% in 2008, when compared to 2007

• In 4Q08, the EBITDA margin suffered compression due to:

      • Strong competition from major global manufacturers

      • Industry consolidation resulting from the acquisition of Brasil Telecom by Oi (both Padtec Clients)

      • Padtec´s inclusion in Telefonica´s short list

• Exports grew by 77.5% while Civcom’s sales grew by four fold
    p     g     y                            g     y

IMUSICA

• Net Revenue growth of 479.0% in 2008, in relation to 2007
  Net Revenue growth of 479.0% in 2008, in relation to 2007

• 2.3 million songs sold through mobile phones in 2008

• Became the main distribution channel for independent Brazilian music exporting content to more than
  Became the main distribution channel for independent Brazilian music, exporting content to more than 
  250 international sites
                                                                                                          9
PORTFOLIO HIGHLIGHTS


SPRING WIRELESS

• Spring Wireless was included in Gartner´s  Magic Quadrant for Mobile Enterprise Application Platforms 
  in 2008, with the following highlights:

     • One of the largest R&D teams in the middleware mobile industry 
     • Portfolio with excellent application suites 
     • Significantly higher growth versus the other companies evaluated 
     • Broad spectrum of applications and clients 
     • Large base of major multinational clients that use multiple platforms (Blackberry Windows Mobile
       Large base of major multinational clients that use multiple platforms (Blackberry, Windows Mobile, 
      Symbian and others, with support for Java) 
     • Strong technology platform, with a platform for developing robust applications 
     • Excellent catalog of off‐the‐shelf applications
     • Low total cost of ownership



                                                                                                      10
PORTFOLIO HIGHLIGHTS


BOLSA DE MULHER

• Brazil’s largest on‐line women’s communication group , gross revenue growth of 670% in 2008

• Reached more than 6.5 million unique visitors per month and had over 7.4 million registered users in 
  2008 

• At the end of the 4Q08, Bolsa de Mulher formed an exclusive partnership with Mattel  who will 
  sponsor the site as part of Barbie’s 50th anniversary celebration

• Bolsa de Mulher S.A. is responsible for sites such as Bolsa de Mulher, Feminice, Te Contei, Estrela Guia 
  and Bem Leve.




                                                                                                         11
IDEIASNET STOCK


                          Ideiasnet Average Daily Trading Volume (R$ millions)




                             4.9

                                   - 65.3%



                                             1.7                   - 20 5%
                                                                     20.5%
                                                            4.4
                                                                             3.5



                            4Q07             4Q08          2007              2008




4Q08: total volume of R$ 110.3 million, average daily trading volume was R$ 1.7 million.

2008: total volume of R$ 872.6 million, average daily trading volume was R$ 3.5 million.

                                                                                           12
SUBSEQUENT EVENTS 


Creation f the
C ti of th receivables‐backed i
               i bl b k d investment f d
                                t  t fund
Ideiasnet informed decided to concern the planning and possible structuring of a receivables‐backed
investment fund. Ideiasnet seeks through this project to create new financing alternatives for the
                                      g       p j                           g
investees, both current and future, and to seek new revenue sources for Ideiasnet, boosting
profitability without increasing risks.




                                                                                                  13
INVESTMENTS BY THE COMPANY 

In 2008, Ideiasnet invested R$ 52.4 million in its companies, detailed as follows:




                                       INVESTMENTS (R$ thousands)
                 Sector                         Company                     Amount    (%)

        E‐commerce                           Officer e Softcorp               28.2   53.8%

                                    Bolsa de Mulher, iMusica, BrANDS 
        IdeiasVentures                                                        17.0
                                                                              17 0   32.4%
                                                                                     32 4%
                                              e TrinnPhone
        Infra‐Structure & 
                                           Automatos e Padtec                  3.7    7.1%
        Software 
        Wireless                             Spring Wireless                   3.5    6.7%
        Total                                                                 52.4   100.0%




                                                                                              14
NET DEBT 


At the end of 2008, Ideiasnet´s net debt, proportional to the participation in the portfolio, totaled R$ 28.5 
million, representing an increase in debt when compared to the net cash of R$2,6 million in the 3T08´s 




                                                                31/12/2008
                          Cash in hand
                          Cash in hand                           R$ 54.668
                                                                 R$ 54 668
                          Short Term Loans                      R$ (57.300)
                          Long Term Loans
                             g                                  R$ (25.848)
                                                                 $(       )
                          Net Debt                              R$ (28,480)




                                                                                                             15
INCOME STATEMENT
(R$ Thousands)
(R$ Thousands)




Proportional Portfolio                                                                                         2007         2008        Δ%
                                        4Q07        4Q08       Δ%      GROSS REVENUE                            959,609    1,079,923    12.5%
GROSS REVENUE                            257,893     283,245   9.8%    (-) Taxes and deductions                (188,005)    (214,275)
(-)
( ) Taxes and deductions                 (52,253)
                                         (52 253)    (53,605)
                                                     (53 605)          NET REVENUES                             771,605
                                                                                                                771 605      865,648
                                                                                                                             865 648    12.2%
                                                                                                                                        12 2%
NET REVENUES                             205,640     229,640 11.7%     Cost of goods sold                      (628,331)    (698,508)
Cost of goods sold                      (165,342)   (181,177)          GROSS PROFIT                             143,273      167,140
GROSS PROFIT                              40,298      48,463           Gross margin                               18.6%        19.3%
Gross margin                               19.6%       21.1%
                                                                       OPERATING EXPENSES                      (121,819)    (138,614) 13.8%
OPERATING EXPENSES                       (33,968)
                                         (33 968)    (36,110)
                                                     (36 110)  6.3%
                                                               6 3%
                                                                       General and administrative              (119,026)    (135,865)
General and administrative               (30,259)    (35,710)
                                                                       Other expenses                            (2,794)      (2,748)
Other expenses                            (3,709)       (400)
(=) EBITDA                                 6,329      12,352 95.2%
                                                                       (=) EBITDA                                21,454       28,527  33.0%
Ebitda margin                               3.1%        5.4%     2.3   Ebitda margin                               2.8%         3.3%     0.5
Depreciation                                (487)
                                            ( 8 )       (953)
                                                        (9 3)          Depreciation                              (2,271)
                                                                                                                 (2 271)      (3,153)
                                                                                                                              (3 153)
(=) EBIT                                   5,843      11,399           (=) EBIT                                  19,182       25,374
Net financial results                      1,150      (7,487)          Net financial results                       (384)     (14,933)
(=) EBT                                    6,993       3,912           (=) EBT                                   18,798       10,441
(-) Non-operating results                    324        (779)          (-) Non-operating results                    435       (1,089)
(-) Income tax and social contrbution     (2,513)       (389)          (-) Income tax and social contrbution     (8,521)      (5,228)
Profit sharing                            (1,011)       (542)          Profit sharing                            (1,011)        (542)
(=) Net income                             3,792       2,202 -41.9%
                                                                       (=) Net income                             9,701        3,581 -63.1%




                                                                                                                                          16
DISCLAIMER


 This presentation may contain forward-looking statements concerning future trends and results. These projections are subject to risks and
 uncertainties and future results may differ materially from such forward-looking statements. Many of these risks refer to factors that are
 beyond Ideiasnet’s control or ability to anticipate, including market conditions, currency fluctuations, the behavior of competitors, the
 regulatory environment, the company’s ability to continue raising funds and changes in the social and political context in which Ideiasnet
 operates or in economic trends or conditions, including inflation and changes in consumer confidence levels, on a global, national or
 regional scale.
 Readers are hereby advised not to rely only on these trends and projections, nor is Ideiasnet obliged to publish any changes to these
 trends or projections to reflect subsequent events or circumstances.




For additional information, please contact our IR team: 

Rodin Spielmann
CFO and Investor Relations Officer 
ri@ideiasnet.com.br
  @


                                                                                                                                              17

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4 q08

  • 2. 4Q08 HIGHLIGHTS • Gross Revenue Gross Revenue  •Net Revenue  • Growth of 9.8% in 4Q08 – R$ 283.2 million • Growth of 11.7% in 4Q08 – R$ 229.6 million • Growth of 12.5% in 2008 ‐ R$ 1.08 billion •G Growth of 12.2% in 2008 ‐ R$ 865 6 illi th f 12 2% i 2008 R$ 865.6 million • EBITDA  • Growth of 95.2% in the 4Q08 ‐ R$ 12.4 million • Growth of 33.0% in  2008 ‐ R$ 28.5 million 4Q07 4Q08 Δ% 2007 2008 Δ% NET REVENUE 205.640 229.640 11,7% 771.605 865.648 12,2% GROSS PROFIT 40.298 48.463 143.273 167.140 g Gross Margin 19,6% , 21,1% , 18,6% , 19,3% , OPERATING EXPENSES -33.968 -36.111 -121.819 -138.614 (=) EBITDA 6.329 12.351 95.2% 21.454 28.527 33,0% EBITDA Margin 3,1% 5,4% 2.3pp 2,8% 3,3% 0.5pp (=) Net Income 3.792 2.202 -42% 9.701 3.581 -63% In R$ thousands * We present here the Proportional Combined result, witch considers only the proportional shares of Ideiasnet in the companies in its portfolio. 2
  • 3. 4Q08 HIGHLIGHTS • Officer • EBITDA margin  ‐ 5,5% in the 4Q08 and 3,4% in 2008 • EBITDA  • Growth of 153.2% in the 4Q08 – R$ 10.3 million h f %i h $ illi • Growth of 80.5% in 2008 ‐ R$ 24,9 million  • Spring Wireless  ‐ was included in the Magic Quadrant for Mobile Enterprise Application Platforms – Gartner  Report (Dec/08) • Pini ‐ Net Revenue growth of 18.8% and EBITDA growth of 74.8% in 2008  • Softcorp ‐ positive EBITDA margin in 2008 reversing the negative margins of the first half of 2008 • iL i i iLogistica ‐ was acquired by Officer i D i d b Offi in December 2008, Ideiasnet return ‐ 208 2% b 2008 Id i 208.2% over the capital  h i l invested. , g • Bolsa de Mulher ‐ increase of 400% in audience and 670% in revenue, during 2008 • Credit Suisse ‐ initiated Ideiasnet´s coverage in December 2008 3
  • 4. NET REVENUE (R$ Millions) 865.6 12.2% 11.7% 229.6 205.6 771.6 4Q07 4Q08 2007 2008 2007 2008 0,5% 1,0% 1,6% 2,6% 4.9% 4,4% 90,9% 94,1% 94 1% 4
  • 5. EBITDA (R$ Millions) 12,4 28,5 95,2% 33,0% 21,5 6,3 4T07 4T08 2007 2008 2007 2008 0,1% 21,9% 54,1% 45,9% 78,1% , 5
  • 6. NET INCOME (R$ Millions) 3,8 - 41,9% 2,2 9,7 - 63,1% 3,6 4T07 4T08 2007 2008 4Q08 Highlights • Negative Financial Result of R$ 7.5 million ‐ FX variation of R$ 4 3 million (57 4% of financial expenses) = 1 9% of Net Revenue FX variation of R$ 4.3 million (57.4% of financial expenses) = 1.9% of Net Revenue 2008 Highlights • Negative Financial Result of R$ 14.9 million ‐ FX variation of R$ 5.1 million (34.2% of financial expenses) = 0.6% of Net Revenue 6
  • 7. PORTFOLIO HIGHLIGHTS OFFICER  • Net Revenue  • R$ 186.0 million in the 4Q08, growth of 8.0% • R$ 727,2 million in 2008, growth of 12.0%  • EBITDA  margin  • R$ 5.5 % growth  in the 4Q08, growth of 3,2pp • R$ 3,4%  in the 2008, growth of 1,3pp • EBITDA • R$ 10.3 million in the 4Q08, growth of 153,0% ,g , • R$ 24,9 million in 2008, growth of 80.5% compared do 2007 7
  • 8. PORTFOLIO HIGHLIGHTS OFFICER • Annual Officer Real Time event, held in São Paulo and also in Porto Alegre • Best Company Award in the Wholesale Sector by the 32nd edition of the Balanço Annual ranking,  published by the newspaper Gazeta Mercantil • 2008 Preferred Distributor Award, sponsored by the Revista CRN Brasil magazine, receiving 15 of the 16  awards  d • Ideiasnet Stock Purchase Program:  2,904,400 shares were acquired in the 4Q08, with a total of  3,535,900 shares purchased by year‐end. 3 535 900 shares purchased by year end SOFTCORP • In the 2H08, the company posted positive EBITDA in both quarters, reversing the operational losses  posted in the first half • The sales team was expanded by almost 80.0%, establishing a strong base for the company’s growth in  2009 8
  • 9. PORTFOLIO HIGHLIGHTS PADTEC • Net Revenue growth of 26.0% in 2008, when compared to 2007 • In 4Q08, the EBITDA margin suffered compression due to: • Strong competition from major global manufacturers • Industry consolidation resulting from the acquisition of Brasil Telecom by Oi (both Padtec Clients) • Padtec´s inclusion in Telefonica´s short list • Exports grew by 77.5% while Civcom’s sales grew by four fold p g y g y IMUSICA • Net Revenue growth of 479.0% in 2008, in relation to 2007 Net Revenue growth of 479.0% in 2008, in relation to 2007 • 2.3 million songs sold through mobile phones in 2008 • Became the main distribution channel for independent Brazilian music exporting content to more than Became the main distribution channel for independent Brazilian music, exporting content to more than  250 international sites 9
  • 10. PORTFOLIO HIGHLIGHTS SPRING WIRELESS • Spring Wireless was included in Gartner´s  Magic Quadrant for Mobile Enterprise Application Platforms  in 2008, with the following highlights: • One of the largest R&D teams in the middleware mobile industry  • Portfolio with excellent application suites  • Significantly higher growth versus the other companies evaluated  • Broad spectrum of applications and clients  • Large base of major multinational clients that use multiple platforms (Blackberry Windows Mobile Large base of major multinational clients that use multiple platforms (Blackberry, Windows Mobile,  Symbian and others, with support for Java)  • Strong technology platform, with a platform for developing robust applications  • Excellent catalog of off‐the‐shelf applications • Low total cost of ownership 10
  • 11. PORTFOLIO HIGHLIGHTS BOLSA DE MULHER • Brazil’s largest on‐line women’s communication group , gross revenue growth of 670% in 2008 • Reached more than 6.5 million unique visitors per month and had over 7.4 million registered users in  2008  • At the end of the 4Q08, Bolsa de Mulher formed an exclusive partnership with Mattel  who will  sponsor the site as part of Barbie’s 50th anniversary celebration • Bolsa de Mulher S.A. is responsible for sites such as Bolsa de Mulher, Feminice, Te Contei, Estrela Guia  and Bem Leve. 11
  • 12. IDEIASNET STOCK Ideiasnet Average Daily Trading Volume (R$ millions) 4.9 - 65.3% 1.7 - 20 5% 20.5% 4.4 3.5 4Q07 4Q08 2007 2008 4Q08: total volume of R$ 110.3 million, average daily trading volume was R$ 1.7 million. 2008: total volume of R$ 872.6 million, average daily trading volume was R$ 3.5 million. 12
  • 13. SUBSEQUENT EVENTS  Creation f the C ti of th receivables‐backed i i bl b k d investment f d t t fund Ideiasnet informed decided to concern the planning and possible structuring of a receivables‐backed investment fund. Ideiasnet seeks through this project to create new financing alternatives for the g p j g investees, both current and future, and to seek new revenue sources for Ideiasnet, boosting profitability without increasing risks. 13
  • 14. INVESTMENTS BY THE COMPANY  In 2008, Ideiasnet invested R$ 52.4 million in its companies, detailed as follows: INVESTMENTS (R$ thousands) Sector Company Amount (%) E‐commerce Officer e Softcorp 28.2 53.8% Bolsa de Mulher, iMusica, BrANDS  IdeiasVentures 17.0 17 0 32.4% 32 4% e TrinnPhone Infra‐Structure &  Automatos e Padtec 3.7 7.1% Software  Wireless Spring Wireless 3.5 6.7% Total 52.4 100.0% 14
  • 16. INCOME STATEMENT (R$ Thousands) (R$ Thousands) Proportional Portfolio 2007 2008 Δ% 4Q07 4Q08 Δ% GROSS REVENUE 959,609 1,079,923 12.5% GROSS REVENUE 257,893 283,245 9.8% (-) Taxes and deductions (188,005) (214,275) (-) ( ) Taxes and deductions (52,253) (52 253) (53,605) (53 605) NET REVENUES 771,605 771 605 865,648 865 648 12.2% 12 2% NET REVENUES 205,640 229,640 11.7% Cost of goods sold (628,331) (698,508) Cost of goods sold (165,342) (181,177) GROSS PROFIT 143,273 167,140 GROSS PROFIT 40,298 48,463 Gross margin 18.6% 19.3% Gross margin 19.6% 21.1% OPERATING EXPENSES (121,819) (138,614) 13.8% OPERATING EXPENSES (33,968) (33 968) (36,110) (36 110) 6.3% 6 3% General and administrative (119,026) (135,865) General and administrative (30,259) (35,710) Other expenses (2,794) (2,748) Other expenses (3,709) (400) (=) EBITDA 6,329 12,352 95.2% (=) EBITDA 21,454 28,527 33.0% Ebitda margin 3.1% 5.4% 2.3 Ebitda margin 2.8% 3.3% 0.5 Depreciation (487) ( 8 ) (953) (9 3) Depreciation (2,271) (2 271) (3,153) (3 153) (=) EBIT 5,843 11,399 (=) EBIT 19,182 25,374 Net financial results 1,150 (7,487) Net financial results (384) (14,933) (=) EBT 6,993 3,912 (=) EBT 18,798 10,441 (-) Non-operating results 324 (779) (-) Non-operating results 435 (1,089) (-) Income tax and social contrbution (2,513) (389) (-) Income tax and social contrbution (8,521) (5,228) Profit sharing (1,011) (542) Profit sharing (1,011) (542) (=) Net income 3,792 2,202 -41.9% (=) Net income 9,701 3,581 -63.1% 16
  • 17. DISCLAIMER This presentation may contain forward-looking statements concerning future trends and results. These projections are subject to risks and uncertainties and future results may differ materially from such forward-looking statements. Many of these risks refer to factors that are beyond Ideiasnet’s control or ability to anticipate, including market conditions, currency fluctuations, the behavior of competitors, the regulatory environment, the company’s ability to continue raising funds and changes in the social and political context in which Ideiasnet operates or in economic trends or conditions, including inflation and changes in consumer confidence levels, on a global, national or regional scale. Readers are hereby advised not to rely only on these trends and projections, nor is Ideiasnet obliged to publish any changes to these trends or projections to reflect subsequent events or circumstances. For additional information, please contact our IR team:  Rodin Spielmann CFO and Investor Relations Officer  ri@ideiasnet.com.br @ 17