Localiza's flexible business model proved effective during the economic crisis period. While EBITDA declined 6.8% in 2009, net revenues were stable and net income declined only 8.7%. The fourth quarter saw a return to revenue and income growth, with net revenues up 30.4% and net income rebounding from a loss to a gain of R$38.4 million. Localiza's diversified fleet, integrated business platform, and focus on costs and asset management allowed it to maintain profitability and flexibility during the difficult economic environment.
Localiza Rent a Car reported financial results for the first quarter of 2012 with the following highlights:
- Revenue grew 16.9% to R$774.7 million driven by a 17.8% increase in rental revenues.
- EBITDA increased 12.8% to R$210 million due to revenue growth partially offset by lower margins in the car rental division.
- Net income increased 14.3% to R$72.7 million outpacing the growth in EBITDA due to improved performance below the EBITDA line.
Localiza Rent a Car reported financial results for the first quarter of 2012 with several highlights:
- Revenue grew 16.4% compared to the first quarter of 2011 to R$774.7 million driven by a 17.8% increase in rental revenues.
- EBITDA increased 12.8% to R$210 million compared to the first quarter of 2011.
- Net income grew 14.3% to R$72.7 million compared to the first quarter of 2011.
Localiza Rent a Car reported financial results for the fourth quarter and full year of 2012. Net revenues for the car rental division increased 8.1% in 4Q12 compared to 4Q11, while net revenues for the fleet rental division increased 12.3% over the same period. Full year 2012 net income was R$240.9 million, representing a 17.4% decrease from 2011 net income of R$291.6 million, primarily due to additional depreciation from a lower IPI tax rate. Free cash flow before growth and interest was R$528.5 million for 2012, an increase of 27.2% over 2011.
This document discusses Localiza Rent a Car S.A.'s integrated business platform and growth opportunities. It has a fleet of over 61,000 cars across 234 locations in Brazil and South America. The company has opportunities to grow through consolidating the fragmented vehicle rental market, outsourcing from corporate fleets, and investing in Brazil's large planned infrastructure investments between 2011-2014. Localiza's integrated platform provides flexibility, scale, and synergies across its rental, sales, and fleet management operations.
Localiza Rent a Car S.A. reported strong financial results for 4Q11 and full year 2011. Net revenues grew 16.9% in 2011 to R$2.9 billion, while consolidated EBITDA increased 26.5% to R$821 million. The company's car and fleet rental divisions both experienced significant growth in daily rentals and revenues over the past six years. Localiza also increased its fleet size by over 18,000 vehicles in 2011 through continued investment in its business.
Localiza Rent a Car S.A. released its 3Q12 and 9M12 results. Some key highlights include:
- Net revenues for the car rental division increased 12.2% in 3Q12 compared to 3Q11. Fleet rental division revenues grew 16.4%.
- Consolidated net revenues increased 6.5% to R$807 million in 3Q12. The number of car rental locations in Brazil grew by 29 to 464.
- Fleet investment resumed with the addition of 3,747 cars in 3Q12 to meet demand. The utilization rate was maintained above 70%.
- Rental revenues grew 13.6% in 3Q12 while used
Localiza Rent a Car S.A. reported financial results for the third quarter and first nine months of 2012. Net revenues for the car rental division increased 12.2% in the third quarter compared to the same period last year. The number of car rental locations in Brazil grew by 29, reaching 464 locations in total. Fleet size and net investment increased substantially compared to prior periods as the company continued to grow its operations.
This document provides an overview of a company's integrated business platform for car rentals and sales. It summarizes the company's operations, competitive advantages, financial performance, and growth track record. Key details include the company operating over 200 rental locations in Brazil and South America, with over 4,000 employees. The financial section shows the one-year and two-year rental cycles and margins achieved from rental and used car sales. The company aims to profit from managing its fleet of rental cars as assets. Finally, the summary highlights the company's stable management team and consistent revenue growth averaging 15.9% annually over the past decade.
Localiza Rent a Car reported financial results for the first quarter of 2012 with the following highlights:
- Revenue grew 16.9% to R$774.7 million driven by a 17.8% increase in rental revenues.
- EBITDA increased 12.8% to R$210 million due to revenue growth partially offset by lower margins in the car rental division.
- Net income increased 14.3% to R$72.7 million outpacing the growth in EBITDA due to improved performance below the EBITDA line.
Localiza Rent a Car reported financial results for the first quarter of 2012 with several highlights:
- Revenue grew 16.4% compared to the first quarter of 2011 to R$774.7 million driven by a 17.8% increase in rental revenues.
- EBITDA increased 12.8% to R$210 million compared to the first quarter of 2011.
- Net income grew 14.3% to R$72.7 million compared to the first quarter of 2011.
Localiza Rent a Car reported financial results for the fourth quarter and full year of 2012. Net revenues for the car rental division increased 8.1% in 4Q12 compared to 4Q11, while net revenues for the fleet rental division increased 12.3% over the same period. Full year 2012 net income was R$240.9 million, representing a 17.4% decrease from 2011 net income of R$291.6 million, primarily due to additional depreciation from a lower IPI tax rate. Free cash flow before growth and interest was R$528.5 million for 2012, an increase of 27.2% over 2011.
This document discusses Localiza Rent a Car S.A.'s integrated business platform and growth opportunities. It has a fleet of over 61,000 cars across 234 locations in Brazil and South America. The company has opportunities to grow through consolidating the fragmented vehicle rental market, outsourcing from corporate fleets, and investing in Brazil's large planned infrastructure investments between 2011-2014. Localiza's integrated platform provides flexibility, scale, and synergies across its rental, sales, and fleet management operations.
Localiza Rent a Car S.A. reported strong financial results for 4Q11 and full year 2011. Net revenues grew 16.9% in 2011 to R$2.9 billion, while consolidated EBITDA increased 26.5% to R$821 million. The company's car and fleet rental divisions both experienced significant growth in daily rentals and revenues over the past six years. Localiza also increased its fleet size by over 18,000 vehicles in 2011 through continued investment in its business.
Localiza Rent a Car S.A. released its 3Q12 and 9M12 results. Some key highlights include:
- Net revenues for the car rental division increased 12.2% in 3Q12 compared to 3Q11. Fleet rental division revenues grew 16.4%.
- Consolidated net revenues increased 6.5% to R$807 million in 3Q12. The number of car rental locations in Brazil grew by 29 to 464.
- Fleet investment resumed with the addition of 3,747 cars in 3Q12 to meet demand. The utilization rate was maintained above 70%.
- Rental revenues grew 13.6% in 3Q12 while used
Localiza Rent a Car S.A. reported financial results for the third quarter and first nine months of 2012. Net revenues for the car rental division increased 12.2% in the third quarter compared to the same period last year. The number of car rental locations in Brazil grew by 29, reaching 464 locations in total. Fleet size and net investment increased substantially compared to prior periods as the company continued to grow its operations.
This document provides an overview of a company's integrated business platform for car rentals and sales. It summarizes the company's operations, competitive advantages, financial performance, and growth track record. Key details include the company operating over 200 rental locations in Brazil and South America, with over 4,000 employees. The financial section shows the one-year and two-year rental cycles and margins achieved from rental and used car sales. The company aims to profit from managing its fleet of rental cars as assets. Finally, the summary highlights the company's stable management team and consistent revenue growth averaging 15.9% annually over the past decade.
ApresentaçãO Localiza Ndr E ConferêNcias EngLocaliza
Localiza Rent a Car S.A. reported its financial results for the fourth quarter and full year of 2009. Net revenue was up 30.4% in 4Q09 compared to 4Q08. EBITDA increased 2.5% and net income swung to a profit of R$38.4 million in 4Q09 from a loss in 4Q08. For the full year 2009, net revenue was flat but EBITDA declined 6.8% and net income fell R$11.1 million compared to 2008. Localiza's integrated business platform and flexible model helped it navigate the economic crisis period.
Localiza Rent a Car reported its 4Q12 and full year 2012 results. Key highlights include:
1) Net revenue from car rentals increased 7.8% in 4Q12 and 10.3% for the full year compared to the previous periods.
2) Net income increased 10.1% in 4Q12 and 11.3% for the full year.
3) The number of daily car rentals grew 6.1% in 4Q12 and 9.5% for the full year, while fleet rental daily transactions increased 5.3% and 10.6%, respectively.
Localiza Rent a Car S.A. reported its results for the third quarter of 2011. Key highlights include:
- Daily rentals increased 23.4% compared to the third quarter of 2010, driven by growth in both the car rental and fleet rental divisions.
- Net revenues grew 15% compared to the third quarter of 2010, with increases in both rental volumes and average rental rates.
- EBITDA grew 30.7% compared to the first nine months of 2010, outpacing the growth in rental revenues.
- Net income was relatively flat compared to the third quarter of 2010, as the impact of higher interest rates offset gains in rental revenues and EBITDA.
Localiza Rent a Car S.A. provides an integrated business platform across Brazil and South America with over 63,500 vehicles, 28,654 clients, and 3,641 employees. The company has opportunities for growth through infrastructure investments, economic expansion increasing the middle class and consumption, and consolidation of the fragmented rental car market. Localiza maintains competitive advantages through its experience, brand recognition, financing capabilities, nationwide network of locations, and efficient used car sales model.
Localiza Rent a Car reported record results for the 2nd quarter of 2010, with consolidated net revenue growth of 38.2% compared to the same period last year. Net income grew 112.2% year-over-year to a record R$57.5 million. EBITDA also reached a record at R$150.5 million, up 37.9% compared to 2Q09, as both the car rental and fleet rental divisions experienced strong growth. The company saw increases in both the number of cars purchased and sold during the quarter.
v3_Apresentação Localiza N D R E Conferências EngLocaliza
Localiza's integrated business platform proved effective during the economic crisis, giving it flexibility and superior performance. The document outlines Localiza's business model, which includes car rental and used car sales divisions in Brazil and other South American countries. It also discusses Localiza's financial cycle for car rentals and fleet rentals, showing revenues, expenses, profits, and returns on assets. Finally, it identifies growth opportunities for Localiza through industry consolidation, air travel growth, fleet outsourcing, credit cards, and higher elasticity of its revenues to GDP growth compared to sector peers.
v2_ApresentaçãO Localiza Ndr E ConferêNcias EngLocaliza
Localiza Rent a Car S.A. reported its financial results for the fourth quarter and full year of 2009. Despite challenging economic conditions, Localiza's integrated business model proved effective in maintaining performance. For the full year 2009, net revenue was relatively flat while EBITDA declined 6.8% and net income fell 11.1 million reais. However, in the fourth quarter revenues increased 30.4%, EBITDA rose 2.5%, and net income turned positive to 38.4 million reais compared to a loss in the prior year period. Localiza's car rental division saw increases in both revenues and daily rentals in the fourth quarter, signaling a resumption of growth.
This document provides an overview of Localiza, an integrated business platform in Brazil. It discusses Localiza's competitive advantages including its scale, synergies across business lines, and flexible asset base. The document also reviews Localiza's financial performance, growth drivers in the Brazilian market such as rising incomes and infrastructure investments, and opportunities for further expansion organically and through consolidation. Localiza has demonstrated strong profitability and growth above industry levels due to leveraging competitive advantages within a favorable macroeconomic environment in Brazil.
This document discusses an integrated business platform company that operates in the car rental and used car sales industries in Brazil. It provides an overview of the company's operations, competitive advantages, and financial performance. Some key points:
- The company has over 4,000 employees and operates across Brazil and South America with over 250 locations.
- It benefits from synergies across its rental and used car sales divisions, with flexible and liquid assets that allow it to manage costs and profitability.
- Financial results show strong and consistent growth over time, with higher profitability than competitors and returns above the company's cost of debt.
- The company has consistently gained market share through organic expansion of locations across Brazil.
This document provides an overview of a company's integrated business platform for car rentals and sales. It discusses the company's competitive advantages including its large fleet size, widespread locations, and ability to leverage synergies across business units. Financial details are presented showing strong profitability and returns from both the car rental and sales divisions. The company has demonstrated consistent growth and profitability over time through a focus on managing assets and pricing strategy, as well as a stable and experienced management team.
Localiza, a vehicle rental company in Brazil, reported strong financial results for the first half and second quarter of 2011. Consolidated net revenues increased 25.4% year-over-year for the first half and 24.4% for the second quarter alone. Both the car rental and fleet rental divisions saw increased daily rentals and rental rates, contributing to revenue growth. EBITDA margins remained consistent between 33-36% across periods. Net income increased 29.6% for the first half compared to the previous year. Localiza continued expanding its used car sales network and fleet size to support ongoing revenue growth.
To analyze the financial statement of NAVANA CNG Limited.
To calculate the different financial ratios.
To understand the implications in analyzing and interpreting the financial ratios.
To identify the findings and raise possible recommendations for NAVANA CNG Ltd
This document provides financial data and analysis for Leggett & Platt from 1996-2006. It summarizes that Leggett & Platt saw record sales and earnings in 2006, with sales increasing primarily through acquisitions. Earnings also benefited from several unusual items. The company focuses on using cash flows to fund capital expenditures, acquisitions, and dividend payments, maintaining debt at targeted levels. Key factors that impact the company's business are market demand, raw material costs, energy costs, and competition across its five business segments which produce a wide range of components and finished products.
This presentation discusses LAN's financial results for the fourth quarter and full year of 2008. Some key points:
- For 2008, LAN saw a 28.6% increase in revenues and an 8.9% growth in capacity, with an EBITDAR margin of 19.2% excluding fuel hedging gains.
- For the fourth quarter of 2008, LAN had a 76.2% increase in operating income and a 48.3% increase in EBITDAR, driven by higher yields and lower fuel costs. The EBITDAR margin reached 27.3%.
- LAN's passenger business saw a 21.5% increase in revenues for 4Q08 from a 10.
Localiza reported its fourth quarter 2010 results, showing significant growth across key metrics. Net revenue increased 37.4% year-over-year to R$2,551 million, with a 46.1% rise in EBITDA to R$188 million for the quarter. The company saw a 25.3% increase in its fleet size over the year and benefited from lower average depreciation costs. Localiza's strategies led to an 80.7% jump in quarterly net income to R$69 million. However, the company's net debt also grew by 18.8% to R$1,281 million as those funds were reinvested in expanding its fleet further.
Imperial reported an 18% increase in revenue and a 12% increase in operating profit for the first six months of fiscal year 2013. While most divisions performed well, logistics divisions faced challenging conditions in South Africa and Europe. The automotive retail and aftermarket parts divisions achieved strong growth. Overall, the results represent a good performance despite difficult market conditions in some areas.
Localiza reported its 2Q12 and 1H12 results. Some highlights include an increase in used car sales for fleet renewal due to a tax reduction on new cars, utilization rates of 74.2% in car rentals, and free cash flow of R$242.3 million in 1H12. Daily rentals and revenues grew in both the car rental and fleet rental divisions. EBITDA margins declined in 2Q12 due to non-recurring expenses, while net income declined due to higher depreciation costs from the tax reduction.
Localiza Rent a Car reported its 4Q12 and full year 2012 results. Key highlights include:
1) Net revenue from car rentals increased 7.9% in 4Q12 and 10.3% for the full year compared to the previous periods.
2) Net income increased 10.1% in 4Q12 and 11.1% for the full year.
3) Free cash flow before growth and interest increased 27.3% for the full year.
4) The company added 25 new rental locations in Brazil, expanding its footprint.
Localiza Rent a Car reported financial results for the first quarter of 2013, with some key highlights:
1) Net revenue from car rentals increased slightly to R$283 million, while net revenue from fleet outsourcing grew 9% to R$142 million.
2) Consolidated net income increased 22% to R$89 million, with spreads remaining stable.
3) The car rental fleet was reduced by only 585 vehicles in the quarter, a much smaller reduction than the 4,562 vehicles sold in the first quarter of 2012, as economic growth was more moderate.
- Localiza reported a 26.4% increase in net revenue and a 61.6% increase in net income for 1Q10 compared to 1Q09. Daily car rentals grew 21.4% while fleet size increased 15,791 vehicles.
- EBITDA margins remained stable across divisions. Depreciation per car fell again in 1Q10. Net debt was reduced by R$16.5 million despite a small fleet increase.
- The results demonstrate a return to high growth levels following the economic crisis, with strengthening demand across all business divisions.
- Localiza reported a 26.4% increase in net revenue and a 61.6% increase in net income for 1Q10 compared to 1Q09. Daily car rentals grew 21.4% while fleet size increased 15,791 vehicles.
- EBITDA margins remained stable across divisions. Depreciation per car fell again in 1Q10. Net debt was reduced by R$16.5 million despite a small fleet increase.
- The results demonstrate a return to high growth levels following the economic crisis, with strengthening demand across all business divisions.
Localiza Rent a Car S.A. provides an integrated business platform across Brazil and South America with over 63,500 vehicles, 28,654 clients, and 3,641 employees. The company has opportunities for growth through infrastructure investments, economic expansion increasing the middle class and consumption, and consolidation of the fragmented rental car market. Localiza maintains competitive advantages through its experience, brand recognition, financing capabilities, nationwide network of locations, and efficient used car sales model.
ApresentaçãO Localiza Ndr E ConferêNcias EngLocaliza
Localiza Rent a Car S.A. reported its financial results for the fourth quarter and full year of 2009. Net revenue was up 30.4% in 4Q09 compared to 4Q08. EBITDA increased 2.5% and net income swung to a profit of R$38.4 million in 4Q09 from a loss in 4Q08. For the full year 2009, net revenue was flat but EBITDA declined 6.8% and net income fell R$11.1 million compared to 2008. Localiza's integrated business platform and flexible model helped it navigate the economic crisis period.
Localiza Rent a Car reported its 4Q12 and full year 2012 results. Key highlights include:
1) Net revenue from car rentals increased 7.8% in 4Q12 and 10.3% for the full year compared to the previous periods.
2) Net income increased 10.1% in 4Q12 and 11.3% for the full year.
3) The number of daily car rentals grew 6.1% in 4Q12 and 9.5% for the full year, while fleet rental daily transactions increased 5.3% and 10.6%, respectively.
Localiza Rent a Car S.A. reported its results for the third quarter of 2011. Key highlights include:
- Daily rentals increased 23.4% compared to the third quarter of 2010, driven by growth in both the car rental and fleet rental divisions.
- Net revenues grew 15% compared to the third quarter of 2010, with increases in both rental volumes and average rental rates.
- EBITDA grew 30.7% compared to the first nine months of 2010, outpacing the growth in rental revenues.
- Net income was relatively flat compared to the third quarter of 2010, as the impact of higher interest rates offset gains in rental revenues and EBITDA.
Localiza Rent a Car S.A. provides an integrated business platform across Brazil and South America with over 63,500 vehicles, 28,654 clients, and 3,641 employees. The company has opportunities for growth through infrastructure investments, economic expansion increasing the middle class and consumption, and consolidation of the fragmented rental car market. Localiza maintains competitive advantages through its experience, brand recognition, financing capabilities, nationwide network of locations, and efficient used car sales model.
Localiza Rent a Car reported record results for the 2nd quarter of 2010, with consolidated net revenue growth of 38.2% compared to the same period last year. Net income grew 112.2% year-over-year to a record R$57.5 million. EBITDA also reached a record at R$150.5 million, up 37.9% compared to 2Q09, as both the car rental and fleet rental divisions experienced strong growth. The company saw increases in both the number of cars purchased and sold during the quarter.
v3_Apresentação Localiza N D R E Conferências EngLocaliza
Localiza's integrated business platform proved effective during the economic crisis, giving it flexibility and superior performance. The document outlines Localiza's business model, which includes car rental and used car sales divisions in Brazil and other South American countries. It also discusses Localiza's financial cycle for car rentals and fleet rentals, showing revenues, expenses, profits, and returns on assets. Finally, it identifies growth opportunities for Localiza through industry consolidation, air travel growth, fleet outsourcing, credit cards, and higher elasticity of its revenues to GDP growth compared to sector peers.
v2_ApresentaçãO Localiza Ndr E ConferêNcias EngLocaliza
Localiza Rent a Car S.A. reported its financial results for the fourth quarter and full year of 2009. Despite challenging economic conditions, Localiza's integrated business model proved effective in maintaining performance. For the full year 2009, net revenue was relatively flat while EBITDA declined 6.8% and net income fell 11.1 million reais. However, in the fourth quarter revenues increased 30.4%, EBITDA rose 2.5%, and net income turned positive to 38.4 million reais compared to a loss in the prior year period. Localiza's car rental division saw increases in both revenues and daily rentals in the fourth quarter, signaling a resumption of growth.
This document provides an overview of Localiza, an integrated business platform in Brazil. It discusses Localiza's competitive advantages including its scale, synergies across business lines, and flexible asset base. The document also reviews Localiza's financial performance, growth drivers in the Brazilian market such as rising incomes and infrastructure investments, and opportunities for further expansion organically and through consolidation. Localiza has demonstrated strong profitability and growth above industry levels due to leveraging competitive advantages within a favorable macroeconomic environment in Brazil.
This document discusses an integrated business platform company that operates in the car rental and used car sales industries in Brazil. It provides an overview of the company's operations, competitive advantages, and financial performance. Some key points:
- The company has over 4,000 employees and operates across Brazil and South America with over 250 locations.
- It benefits from synergies across its rental and used car sales divisions, with flexible and liquid assets that allow it to manage costs and profitability.
- Financial results show strong and consistent growth over time, with higher profitability than competitors and returns above the company's cost of debt.
- The company has consistently gained market share through organic expansion of locations across Brazil.
This document provides an overview of a company's integrated business platform for car rentals and sales. It discusses the company's competitive advantages including its large fleet size, widespread locations, and ability to leverage synergies across business units. Financial details are presented showing strong profitability and returns from both the car rental and sales divisions. The company has demonstrated consistent growth and profitability over time through a focus on managing assets and pricing strategy, as well as a stable and experienced management team.
Localiza, a vehicle rental company in Brazil, reported strong financial results for the first half and second quarter of 2011. Consolidated net revenues increased 25.4% year-over-year for the first half and 24.4% for the second quarter alone. Both the car rental and fleet rental divisions saw increased daily rentals and rental rates, contributing to revenue growth. EBITDA margins remained consistent between 33-36% across periods. Net income increased 29.6% for the first half compared to the previous year. Localiza continued expanding its used car sales network and fleet size to support ongoing revenue growth.
To analyze the financial statement of NAVANA CNG Limited.
To calculate the different financial ratios.
To understand the implications in analyzing and interpreting the financial ratios.
To identify the findings and raise possible recommendations for NAVANA CNG Ltd
This document provides financial data and analysis for Leggett & Platt from 1996-2006. It summarizes that Leggett & Platt saw record sales and earnings in 2006, with sales increasing primarily through acquisitions. Earnings also benefited from several unusual items. The company focuses on using cash flows to fund capital expenditures, acquisitions, and dividend payments, maintaining debt at targeted levels. Key factors that impact the company's business are market demand, raw material costs, energy costs, and competition across its five business segments which produce a wide range of components and finished products.
This presentation discusses LAN's financial results for the fourth quarter and full year of 2008. Some key points:
- For 2008, LAN saw a 28.6% increase in revenues and an 8.9% growth in capacity, with an EBITDAR margin of 19.2% excluding fuel hedging gains.
- For the fourth quarter of 2008, LAN had a 76.2% increase in operating income and a 48.3% increase in EBITDAR, driven by higher yields and lower fuel costs. The EBITDAR margin reached 27.3%.
- LAN's passenger business saw a 21.5% increase in revenues for 4Q08 from a 10.
Localiza reported its fourth quarter 2010 results, showing significant growth across key metrics. Net revenue increased 37.4% year-over-year to R$2,551 million, with a 46.1% rise in EBITDA to R$188 million for the quarter. The company saw a 25.3% increase in its fleet size over the year and benefited from lower average depreciation costs. Localiza's strategies led to an 80.7% jump in quarterly net income to R$69 million. However, the company's net debt also grew by 18.8% to R$1,281 million as those funds were reinvested in expanding its fleet further.
Imperial reported an 18% increase in revenue and a 12% increase in operating profit for the first six months of fiscal year 2013. While most divisions performed well, logistics divisions faced challenging conditions in South Africa and Europe. The automotive retail and aftermarket parts divisions achieved strong growth. Overall, the results represent a good performance despite difficult market conditions in some areas.
Localiza reported its 2Q12 and 1H12 results. Some highlights include an increase in used car sales for fleet renewal due to a tax reduction on new cars, utilization rates of 74.2% in car rentals, and free cash flow of R$242.3 million in 1H12. Daily rentals and revenues grew in both the car rental and fleet rental divisions. EBITDA margins declined in 2Q12 due to non-recurring expenses, while net income declined due to higher depreciation costs from the tax reduction.
Localiza Rent a Car reported its 4Q12 and full year 2012 results. Key highlights include:
1) Net revenue from car rentals increased 7.9% in 4Q12 and 10.3% for the full year compared to the previous periods.
2) Net income increased 10.1% in 4Q12 and 11.1% for the full year.
3) Free cash flow before growth and interest increased 27.3% for the full year.
4) The company added 25 new rental locations in Brazil, expanding its footprint.
Localiza Rent a Car reported financial results for the first quarter of 2013, with some key highlights:
1) Net revenue from car rentals increased slightly to R$283 million, while net revenue from fleet outsourcing grew 9% to R$142 million.
2) Consolidated net income increased 22% to R$89 million, with spreads remaining stable.
3) The car rental fleet was reduced by only 585 vehicles in the quarter, a much smaller reduction than the 4,562 vehicles sold in the first quarter of 2012, as economic growth was more moderate.
- Localiza reported a 26.4% increase in net revenue and a 61.6% increase in net income for 1Q10 compared to 1Q09. Daily car rentals grew 21.4% while fleet size increased 15,791 vehicles.
- EBITDA margins remained stable across divisions. Depreciation per car fell again in 1Q10. Net debt was reduced by R$16.5 million despite a small fleet increase.
- The results demonstrate a return to high growth levels following the economic crisis, with strengthening demand across all business divisions.
- Localiza reported a 26.4% increase in net revenue and a 61.6% increase in net income for 1Q10 compared to 1Q09. Daily car rentals grew 21.4% while fleet size increased 15,791 vehicles.
- EBITDA margins remained stable across divisions. Depreciation per car fell again in 1Q10. Net debt was reduced by R$16.5 million despite a small fleet increase.
- The results demonstrate a return to high growth levels following the economic crisis, with strengthening demand across all business divisions.
Localiza Rent a Car S.A. provides an integrated business platform across Brazil and South America with over 63,500 vehicles, 28,654 clients, and 3,641 employees. The company has opportunities for growth through infrastructure investments, economic expansion increasing the middle class and consumption, and consolidation of the fragmented rental car market. Localiza maintains competitive advantages through its experience, brand recognition, financing capabilities, nationwide network of locations, and efficient used car sales model.
This document summarizes the business of Localiza, an integrated vehicle rental company in Brazil. It outlines Localiza's competitive advantages including its large scale, network of locations, and synergies across business units. The document also reviews Localiza's financial performance, showing consistent growth and profitability above industry levels. It identifies opportunities for further expansion through organic growth and industry consolidation. Brazil's improving macroeconomic conditions and trends of increasing consumption and investment are expected to drive continued growth in the vehicle rental market.
Localiza reported financial results for the first quarter of 2011. Net revenues increased 23.3% compared to the first quarter of 2010. EBITDA grew 41% and net income increased 30.3%. Both the car rental and fleet rental divisions saw strong growth in daily rentals and net revenues. Localiza continued its strategy of growing its fleet, increasing the number of cars in its fleet by 19.4% compared to the first quarter of 2010. In accordance with IFRS rules, net revenues are reported net of taxes on revenues, unlike US GAAP. The adjustments do not impact EBITDA or net income.
This document provides an overview of a company's integrated business platform, financial performance, growth track record, management structure, and strategy. Key points include:
1) The company operates in the car rental and sales industry with over 4,000 employees across hundreds of locations in Brazil and South America.
2) Financially, the car rental division generates higher margins than the used car sales division on an annual cycle, while fleet rental generates higher margins than used car sales on a two-year cycle.
3) Over the past decade the company has achieved strong and consistent revenue and profitability growth through expanding its operations, pricing strategy, and managing its assets efficiently.
1. Locamerica reported record operating margins and a 47.3% increase in net profit in 1Q12 compared to 1Q11.
2. Key financial metrics like ROIC, ROE, and EBITDA margins increased significantly from strong performance.
3. Revenues increased due to growth in the rental fleet size and daily rentals, while operating costs were well controlled.
Localiza Rent a Car reported its third quarter 2009 results. Revenues grew 2.4% in the car rental division due to an increase in daily rates. Revenue in the fleet rental division increased due to higher volumes and prices. The company continues expanding its network, opening 7 new locations in the car rental division and 20 new used car sales stores. EBITDA margins remained consistent across divisions, however net income declined 58.9% due to a drop in used car sales EBITDA and higher fleet depreciation from new models. Free cash flow before growth was R$205.7 million in the first nine months of 2009.
Locamerica reported strong financial results for 1Q12. Net profit increased 47.3% over 1Q11 to R$7.9 million, with net margins reaching 10.5%. ROIC for the last twelve months was 15.0%, an increase of 2.8 percentage points over 1Q11. Consolidated revenues grew 39.4% to R$272.5 million, with rental revenues increasing 18.5% to R$75.1 million and used car sales revenues rising 26.4% to R$19.8 million. EBITDA soared 47.6% to R$45.9 million and operating margins reached historical highs for the company in 1Q12.
This document discusses an integrated business platform and its car rental operations. It provides financial details for the company's car rental and fleet rental divisions over 1-year and 2-year cycles. The company manages a large fleet of cars and has a stable management team with succession planning. It has achieved strong revenue and profitability growth over time through its pricing strategy and focus on assets and profitability from its rental divisions.
This document provides financial projections for Sample Co. for the years 2007-2014 following a leveraged buyout. It summarizes the sources and uses of funds for the transaction, including $1.25B in equity and $625M in total debt at closing. Projections show revenue growing at a 8.2% CAGR and EBITDA growing at 10.4% with debt declining from 5.54x leverage initially to 1.82x by 2014. Sponsors see potential IRRs of 16.8-25.3% depending on exit multiple with over 1.5-2x cash on cash return. Management sees higher IRRs of 27.9-40.6% and
The document provides a summary of CCR's 4Q09 results and upcoming events. Key highlights include:
- Traffic grew 19.5% in 4Q09 and 17.1% in 2009, excluding new assets. EBITDA increased 10% in 4Q09.
- Management proposes an additional dividend of R$101.5 million for 2009, totaling an 89.7% payout ratio.
- A capital increase of R$1.276 billion through the issue of new shares was completed.
- Capex is projected to be R$483 million for AutoBAn and R$308.2 million for NovaDutra in 2010.
1) Localiza reported record results for the third quarter of 2010, with consolidated net revenue increasing 52.2% compared to the third quarter of 2009.
2) EBITDA grew 53.7% versus the prior year period, also setting a record.
3) Net income increased dramatically by 263.6%, to a record R$74.9 million.
Here you can find the annual report for the year 2010 of Volkswagen Financial Services AG. For further information please refer to http://www.vwfs.com/annualreport
The document discusses the company as an integrated business platform in the car rental industry in Brazil, highlighting its growth opportunities from investments in sectors driving demand, rising incomes increasing affordability, and an outsourcing trend providing opportunities in fleet rental. The company has leveraged these drivers through organic expansion of its network and pursuit of market share gains in a still consolidating industry.
The document discusses the drivers and growth opportunities for Localiza's car and fleet rental business. Strong investments in infrastructure, rising incomes, and increasing consumption are fueling demand for rental vehicles. Localiza is well positioned to capitalize on these trends through organic expansion of its network and pursuit of consolidation opportunities in the fragmented off-airport market.
The company's net income increased 164.2% in 3Q09 compared to 3Q08, EBITDA increased 79.3%, and the cash cycle was reduced by 7.1 days. Gross revenues grew 3.2% and market share increased to 12.1%. Operating expenses declined 4.2% as a percentage of net revenues. The
Localiza is a Brazilian car rental company founded in 1973. It has grown to become the market leader through strategic acquisitions and expanding into new business divisions over time, including fleet rental, used car sales, and franchising. It has an integrated business platform with synergies across divisions. Localiza has several competitive advantages including its scale in purchasing cars, brand recognition, distribution network, and operational excellence. It aims to continue its strategy of innovation and providing higher value services to customers.
✓ Apresentação institucional de uma das principais locadoras de veículos do Brasil com valor de mercado de R$15,8 bilhões em 30/06/18
✓ Divisões de negócios incluem aluguel de carros, gestão de frotas, seminovos e franquias, com destaque para as divisões de aluguel e gestão de frotas
✓ Vantagens competitivas incluem liderança no mercado, aquisição de veículos em maior volume e melhores condições, e plataforma integrada de neg
Localiza is a Brazilian car rental company that presented at an investor relations presentation in July 2018. The presentation included sections on the company overview, main business divisions, financials, and appendix. Localiza operates in car rental, franchising, fleet rental, and used car sales. It has a market cap of US$4.1 billion and an integrated business platform that provides flexibility and superior performance. Localiza has competitive advantages through its scale in purchasing cars, market leadership in renting cars, and efficiency in selling used cars.
O documento fornece uma visão geral da Localiza, líder de mercado no setor de aluguel de veículos com valor de mercado de R$15,8 bilhões em 30/06/18. Apresenta os principais números da companhia, como uma frota de 208.552 veículos no 2T18, e R$3,6 bilhões em receita líquida no 1S18. Detalha também as vantagens competitivas da Localiza, como maior volume de compra de veículos que permite melhores condições de aquisição, e ampla presença
Localiza is a Brazilian car rental company that held an investor relations presentation in July 2018. The presentation included sections on the company overview, main business divisions, financials, and appendix. Localiza has grown significantly since being founded in 1973, currently has a market capitalization of $4.1 billion, and operates across multiple business divisions including car rental, fleet rental, used car sales, and franchising. The integrated business platform provides synergies and flexibility. Financial results show strong profitability, with the car rental and fleet rental divisions contributing most of the earnings. Localiza has several competitive advantages including scale, brand recognition, an efficient used car sales program, and innovation.
O documento fornece uma visão geral da Localiza, líder de mercado no setor de aluguel de veículos com valor de mercado de R$15,8 bilhões em 30/06/18. Apresenta os principais números da companhia, como uma frota de 208.552 veículos no 2T18, e R$3,6 bilhões em receita líquida no 1S18. Detalha também as vantagens competitivas da Localiza, como maior volume de compra de veículos que permite melhores condições, e liderança no aluguel de
- The company exceeded 200,000 vehicles in its fleet for the first time at the end of 2Q18, with 208,552 vehicles. Car rental and fleet rental volumes grew 47.9% and 21.4% respectively in 2Q18.
- Consolidated net revenues increased 29.3% in 2Q18. Excluding the impacts of a truck drivers' strike and payroll, EBITDA would have grown approximately 30% and net income 32% compared to 2Q17.
- The end of period fleet grew strongly, with a 45% increase in car rental vehicles and the company surpassing 200,000 total vehicles for the first time.
1) A empresa superou a marca de 200 mil carros na plataforma no 2T18, com crescimento de 47,9% no aluguel de carros e 21,4% na gestão de frotas.
2) O EBITDA consolidado foi de R$347,6 milhões no 2T18, um crescimento de 16,4% em relação ao ano anterior, apesar dos impactos da greve de caminhoneiros.
3) A receita líquida consolidada cresceu 29,3% no 2T18, totalizando R$1,74 bil
The document reports on Localiza's performance in the first quarter of 2018. It shows that Localiza increased its market share in the car rental market to 52.2% and maintained its market share in the fleet rental market. Localiza's key operating metrics like number of cars sold, rental days, and fleet size all grew compared to the first quarter of 2017. The company experienced strong revenue, income, and cash flow growth. Consolidated revenues grew 36.1% and EBITDA grew 33.8% compared to the first quarter of 2017.
O documento apresenta os resultados financeiros e operacionais da Localiza no 1T18. A Localiza teve forte crescimento no período, com aumento de 38% na receita líquida e 46,3% no lucro líquido em comparação com o mesmo período do ano anterior. A participação de mercado da Localiza no mercado de aluguel de carros foi de 52,2%, mantendo a liderança no setor.
Localiza is a Brazilian car rental company founded in 1973. It has since expanded into several business divisions including car rental, fleet rental, used car sales, and franchising. The presentation provides an overview of Localiza's history, competitive advantages, financial performance, and each of its main business divisions. Localiza has achieved significant growth and scale, with a market capitalization of over $5 billion as of March 2018. Its integrated business platform and 44 years of experience in fleet management have allowed it to generate higher returns than its cost of debt.
1) A Localiza é líder de mercado no aluguel de carros e gestão de frotas no Brasil, com valor de mercado de R$18,6 bilhões em abril de 2018.
2) A empresa tem vantagens competitivas como maior escala de operação, reconhecimento da marca, tecnologia e excelência operacional.
3) As divisões de aluguel de carros e gestão de frotas são as mais rentáveis e geram caixa para renovar a frota e pagar dívidas.
This document provides an overview of Localiza, a Brazilian car rental company. It discusses Localiza's business divisions including car rental, fleet rental, used car sales, and franchising. It highlights Localiza's competitive advantages such as its integrated business platform, leadership in car purchasing which allows better conditions, largest distribution network in Brazil, and innovation in digital technologies. Financial information is presented showing Localiza's profitability comes primarily from its car rental and fleet rental divisions. [/SUMMARY]
1. Apresenta visão geral da Localiza, sua história, principais divisões de negócios e dados financeiros do 1T18.
2. Destaca as vantagens competitivas da Localiza, incluindo captação de recursos em melhores condições, maior volume de compra de carros e liderança no aluguel de carros.
3. Explica o ciclo financeiro do aluguel de carros, onde a receita da venda dos carros no final do ciclo de um ano compensa os custos fixos e variáveis.
1) A Localiza é líder no mercado brasileiro de aluguel de carros com valor de mercado de R$18,6 bilhões e frota de 193.260 carros no 1T18.
2) Sua principal fonte de receita e lucratividade está nas divisões de aluguel de carros e gestão de frotas.
3) As vantagens competitivas incluem maior escala de operação, reconhecimento da marca, excelência operacional e inovação tecnológica.
Localiza is a Brazilian car rental company founded in 1973. It has grown to become a market leader through strategic acquisitions and expanding into adjacent business areas like used car sales, fleet rental, and franchising. The presentation reviews Localiza's business divisions and competitive advantages, including its integrated business platform, scale in purchasing cars, brand recognition, and focus on innovation. Financial information for the first quarter of 2018 shows the company's profitability comes mainly from car rental and fleet rental.
Localiza is a Brazilian car rental company founded in 1973. It has grown to become the market leader through strategic acquisitions and expanding into adjacent business lines like fleet rental, used car sales, and franchising. The presentation reviews Localiza's history, integrated business platform, financial performance, and competitive advantages. It achieves higher profitability than peers through scale benefits, lower funding costs, and operational efficiencies across its business divisions.
O documento apresenta a Localiza, líder no mercado brasileiro de aluguel de carros. Resume suas principais divisões de negócios, dados financeiros de 2017 e vantagens competitivas, como escala de operações, marca reconhecida e excelência operacional. A Localiza tem foco em geração de valor para acionistas com rentabilidade consistente e retorno sobre capital investido acima do custo da dívida.
O documento apresenta a Localiza, líder no mercado brasileiro de aluguel de carros. Resume suas principais divisões de negócios, vantagens competitivas e desempenho financeiro, destacando o aluguel de carros e gestão de frotas como suas divisões mais rentáveis.
- The company reported strong growth in 2017 with net revenue reaching R$6.1 billion, a 36.5% increase. Fleet size ended at 194,279 cars.
- Net income increased 37.6% to R$563.4 million. The company acquired Hertz operations in Brazil and integrated them.
- Car rental segment saw 48.2% volume growth in 4Q17 and net revenue growth of 35.4% for the year. Fleet rental also experienced solid gains.
- The company invested heavily in fleet expansion, adding over 52,000 cars. Free cash flow before growth spending was R$871.8 million.
1. Localiza Rent a Car S.A.
4Q09 and 2009 Results - R$ millions, USGAAP
Localiza’s flexible
business model
proved to be effective
during the crisis period.
March, 2010 1
2. Managing assets
Pricing Strategy
• Operating costs
Equity • Depreciation
• Financial expenses
• Taxes
• Spread
Assets (cars)
Funding
Debt Profitability comes from Cash to renew the fleet
rental divisions
Flexible and liquid assets.
2
3. Integrated business platform
47,517 cars 22,778 cars
1.9 million clients 584 clients
214 locations 225 employees
2,768 employees
Synergies:
cost reduction
cross selling
bargaining power
8,791 cars 34,519 cars sold
238 locations in 9 countries 78% sold to final consumer
167 locations in Brazil 49 stores
71 locations in South America 588 employees
23 employees
This integrated business platform gives Localiza flexibility and superior performance
As of 12/31/2009 3
4. Consolidated results
2008 2009 Var.
Net revenue 1,855.7 1,856.3 0.0%
EBITDA 504.1 469.7 -6.8%
Net income 127.4 116.3 (R$11.1)
Net margin 6.9% 6.3% -
4Q08 4Q09 Var.
Net revenue 422.5 551.1 +30.4%
EBITDA 125.8 128.9 +2.5%
Net income (loss) (29.8) 38.4 R$68.2
Net margin -7.1% 7.0% -
Resumption growth in net revenues and net income in 4Q09.
4
6. Car rental division
# daily rentals
- 3.3% 3% .5%
9.1% 16. 17
815 835
726 702 658 719 701
711
oct nov dec jan
2009 2010
2008 2009
Localiza is back to high growth.
jan feb mar apr may jun jul aug sep oct nov dec
2005 2006 2007 2008 2009
6
7. Car rental division
Net revenue breakdown – car rental
100% 100% 100% 100% 100%
46% 41% 38% 34% 32%
54% 59% 62% 66% 68%
2005 2006 2007 2008 2009
Off airport Airport
Localiza is already present in all airports
and therefore it has been concentrating its geographical expansion in new markets.
7
8. Car rental division
# of locations
199 214
178 + 15
145 + 21
117
+ 33
+ 28
2005 2006 2007 2008 2009
It doesn’t include franchisees
Even during the crisis period Localiza has expanded its network distribution.
8
9. Car rental division
Locations in Brazil Cities in Brazil
381 269
270
74 79
60 50
94
102
Localiza Unidas Hertz Avis Localiza Unidas Hertz Avis
Localiza network is larger than the second, third and fourth competitors combined.
The main networks are not present in 190 out of the 269 cities in which Localiza operates.
Source: each company website as of 12/31/2009
9
11. Fleet rental division
Net revenue (R$ millions)
%
: 22.9 1 3 .2
%
CAGR 313.4
276.9
228.2
190.2
149.2
76.1 8.4% 82.5
2005 2006 2007 2008 2009 4Q08 4Q09
# of daily rentals (thousand)
10.3%
24.3%
CAGR: 7,099
6,437
5,144
4,188
3,351
1.3%
1,826 1,850
2005 2006 2007 2008 2009 4Q08 4Q09
Fleet rental division has kept a consistent growth even in a crisis scenario.
11
12. Used car sales division
# of sold cars
%
: 22.3 0 .7 %
CAGR
34,281 34,519
30,093
23,174
18,763
%
70.6 11,335
6,646
2005 2006 2007 2008 2009 4Q08 4Q09
% 9%
.0% .9 41.
70 .0% 81
58 4,419 3,577
3,574 3,342 2,521
2,102 2,115 2,429
oct nov dec jan
2008 2009 2009 2010
The used car sales division has presented strong growth since 4Q09.
12
13. Used car sales division
# of stores
%
40.0 49
32 35
26
+3 + 14
13
+6
+ 13
2005 2006 2007 2008 2009
In 2009, the used car sales division expanded its network.
13
14. Used car sales division market share
2009 Brazilian car sales market
Localiza’s share Total market
34,519 0.3% of total car sale market 10,080,267 cars
Cars sold by Localiza in 2009
0.5% of used car sale market 7,071,525 cars
(Seminovos)
1.1% of new car sale market 3,008,742 cars
5.0% of up to 3-year old car market 688,059 cars
Localiza’s used car has a low market share.
Source: Anfavea e Fenabrave 14
15. Depreciation per car – car rental division
Average depreciation per car (R$) - year
2,546.0 2,577.0
939.1
492.3 332.9
2005 2006 2007 2008 2009
Average depreciation per car (R$) - quarter
7,379.3
3,763.3
2,599.7 2,209.2
1,798.6 1,133.4
729.7
418.8
1Q 2Q 3Q 4Q
2008 2009
With 2/3 of fleet renewed, average depreciation per car has already presented a significant drop.
15
16. Average operating fleet age – car rental
(in months)
Average operating fleet age
11.6
9.4 9.6
6.4 7.0 7.3
6.0 5.7
1Q 2Q 3Q 4Q
2008 2009
Average sold fleet age
15.4 16.7 16.3 17.5
12.6 12.6 11.6 12.7
1Q 2Q 3Q 4Q
2008 2009
The average operating fleet age is coming back to pre-crisis level.
16
17. Depreciation per car – fleet rental division
Average depreciation per car (R$) - year
5,083.1
4,371.7
2,981.3
2,383.3 2,395.8
2005 2006 2007 2008 2009
Average depreciation per car (R$) - quarter
11,572.0
6,238.6
4,557.6 3,652.0
3,064.5 2,894.3 2,670.1
2,048.0
1Q 2Q 3Q 4Q
2008 2009
The average depreciation per car has also presented a significant reduction in the fleet rental division.
17
18. Diversification and flexibility of fleet
# of purchased cars by brand
GM FIAT
44% 33%
Others VW
RENAULT
1% 16%
6%
Fleet strategically diversified to obtain lower depreciation.
18
19. Net revenues
Consolidated net revenues
(R$ million)
%
30.8
CAGR: 1,855.7 1,856.3
1,531.7
CAGR: 16.5% 1,145.4
876.9
532.0 634.4
420.4 476.9
234.3 244.7 310.1
212.9
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
GDP 3.4 0.0 0.3 4.3 1.3 2.7 1.1 5.7 2.9 3.7 4.6 5.1 -0.2*
Média 1.9 4.4 -0.2*
From 2004 to 2008 Localiza’s revenues have grown 7x GDP.
* Estimate: Focus Report, Brazilian Central Bank 19
21. Net income
Net income (R$ millions)
190.2 - 8.7%
138.2 127.4 116.3
106.5
.9 %
- 228 38.4
-29.8
2005 2006 2007 2008 2009 4Q08 4Q09
Reconciliation of EBITDA x Net Income 2008 2009 Var. R$ 4Q08 4Q09 Var. R$
EBITDA - Car rental and fleet rental 449.6 459.1 9.5 122.7 127.7 5.0
EBITDA - Used car sales 54.5 10.6 (43.9) 3.1 1.2 (1.9)
EBITDA Consolidated 504.1 469.7 (34.4) 125.8 128.9 3.1
Depreciation of revenue-earning vehicles (178.5) (172.3) 6.2 (125.3) (40.2) 85.1
Other depreciation (18.3) (21.0) (2.7) (5.0) (5.1) (0.1)
Financial expenses, net (133.3) (112.9) 20.4 (44.5) (24.5) 20.0
Income tax and social contribution (46.6) (47.2) (0.6) 19.2 (20.7) (39.9)
Net income 127.4 116.3 (11.1) (29.8) 38.4 68.2
Main impact in results: decrease of used car sales EBITDA.
21
22. Free cash flow - FCF
FCF before growth (R$ millions)
43.6% 295.4 In 2009 Localiza
205.7
presented strong
cash generation.
2008 2009
Free cash flow - R$ millions 2008 2009
EBITDA 504.1 469.7
Used car sales revenues (983.2) (924.5)
Cost of used car sales 874.5 855.1
EBITDA without used car sales revenues and costs 395.4 400.3
(-) Income tax and social contribution – current (52.8) (49.0)
Working capital variation (44.8) (11.5)
Cash provided before capex 297.8 339.8
Used car sales revenues 983.2 924.5
Capex of car – renewal (1,035.4) (963.1)
Change in amounts payable to car suppliers (capex) - 15.2
Net capex for renewal (52.2) (23.4)
Capex - Property and equipment, net (39.9) (21.0)
Free cash flow before growth 205.7 295.4
Capex of car – growth (299.9) (241.1)
Change in amounts payable to car suppliers (capex) (188.9) 241.1
Free cash flow (283.1) 295.4
22
23. Net debt
Net debt (R$ millions)
-14.0
%
1,254.5
1,078.6
12/31/2008 12/31/2009
Net debt was reduced by R$175.9 million.
23
24. Debt – profile and costs
Debt (principal) on 12/31/09 – R$ millions
423.1
225.0 239.6
205.4 211.8
160.0
2009
2010 2011 2012 2013 2014 2015
459.6
Cash
*Stand by refers to R$100 MM limit with BNDES, with term of draw until sept/2010
Stand by*
Average effective
Gross debt - principal 2010 2011 2012 2013 2014 2015 Total
cost
Working Capital CDI + 1.25%pa - 204.5 58.0 73.0 45.0 60.0 440.5
Debentures - 1st Issuance 110.8% of CDI 222.2 - - - - - 222.2
Debentures - 2nd Issuance CDI + 0.59%pa - - 66.6 66.6 66.8 - 200.0
Commercial Papers 108.9% of CDI 200.0 - - - - - 200.0
Debentures - 1st Issuance, Total
CDI +2.02%pa - - 100.0 100.0 100.0 100.0 400.0
Fleet
BNDES TJLP + 3.80%pa 0.9 0.9 0.4 - - - 2.2
Total gross debt - principal - 423.1 205.4 225.0 239.6 211.8 160.0 1,464.9
Cash and cash equivalents (459.6) - - - - - (459.6)
Total net debt - principal - (36.5) 205.4 225.0 239.6 211.8 160.0 1,005.3
Debt profile was extended.
24
25. Debt - ratios
(R$ millions)
1,907.8
1,752.6
1,492.9
1,247.7 1,254.5
1,078.6
900.2
765.1
535.8 440.4
2005 2006 2007 2008 2009
Net debt Fleet value
BALANCE AT THE END OF THE PERIOD 2005 2006 2007 2008 2009
Net debt / Fleet value (USGAAP) 60% 36% 51% 72% 57%
Net debt / EBITDA (USGAAP) 1.9x 1.4x 1.9x 2.5x 2.3x
Net debt / EBITDA (BRGAAP) 1.5x 1.0x 1.3x 1.8x 1.7x
Net debt / Equity (USGAAP) 1.4x 0.7x 1.3x 2.0x 1.5x
Significant improvement in debt ratios.
25
26. Rewards and recognitions
Corporate governance:
Elected twice The Best Company In Corporate Governance (Capital Aberto Magazine)
Elected “The Most Shareholder-friendly” company (Institutional Investor Magazine)
Corporate reputation:
Elected twice The Best CEO of a small-cap (Institutional Investor Magazine)
Best of Transportation Sector (Exame Magazine)
One of The 100 Companies with Best Reputation in the Country (Consumidor Moderno Magazine)
Internationalization:
28th Most Internationalized Brazilian Company (Ranking Fundação Dom Cabral)
Franchising:
Franchisor of the Year (Brazilian Franchising Association)
Best Franchising of Brazil (Pequenas Empresas, Grandes Negócios Magazine)
Human resources:
One of The 50 Most Admired RHs (Gestão & RH Magazine)
RENT3:
34th Most Valuable Brand in Brazil (IstoÉ Dinheiro Magazine)
2nd Highest Profitability since the IPO (Ranking elaborated by Valor Newspaper)
26
27. RENT3 performance
Average daily volume (R$ millions) Average daily volume (# shares)
11.9
7%
41. 27.1% 824.2
8.4 648.7
2008 2009 2008 2009
Strong growth of traded volumes.
27
28. Referrals
TOP PICK from Itaú for March
Weekly portfolio from SLW broker
Citi – “Still Our Favorite Brazilian Transportation Name”
Goldman Sachs – BRIC’s EM Nifty 50
Santander – Shifting Into High Gear
BNP Paribas – Porfolio for March
Link Broker – Porfolio for March
Valor Econômico – Portfolio for March
RENT3 is well recommended.
28
29. Indexes
MSCI Brazil Index
Goldman Sachs GSSTEM50 – BRIC’s EM Nifty 50
Van Eck ETF - Market Vectors Brazil Small-Cap Index
IBrX 100
ITAG
IGC
RENT3 is present in various indexes.
29