The document summarizes the company's financial results for the 4th quarter and full year of 2010. It reports that net revenues increased 15.3% for the 4th quarter and 13.2% for the full year, driven by growth in the automotive business as well as other sectors. EBITDA margins increased compared to the same periods in 2009. For the full year of 2010, net income increased substantially due to strong operating and financial performance.

1. March 1, 2011
Presentation of Results
4th Quarter of 2010

2. 12.0%
9.1%
Growth driven by the automotive business, as well as
increase in consumer goods and chemical products.
2
Financial Results
Consolidated Net Revenues– R$ million
1,069.6
1,167.2
2009 2010
291.7
326.7
4Q09 4Q10

3. 162.5
186.9
2009 2010
EBITDA Margin
Productivity gain driven by
the increase in volume and higher operational efficiency.
15.0%
13.7%
3
45.7
52.0
4Q09 4Q10
15.7%
15.9% 15.2%
16.0%
Financial Results
Consolidated EBITDA –R$ million

4. Net Revenue of R$291.2 million (+15.3% vs 4Q09).
• Increase of 12.3% in the number of vehicles transported;
• Growth of 13.1% in gross revenues with vehicles logistics;
• Growth of 28.5% in gross revenue for auto parts logistics.
EBITDA of R$163.9 (+14.9% vs 2009), for margin of
16.2% (+0.2 p.p.).
Net Revenue of R$1,009.1 million (+13.2% vs 2009).
• Increase of 13.2% in the number of vehicles transported;
• Growth of 12.9%in gross revenue with vehicles logistics;
• Growth of 20.9% in gross revenue for auto parts logistics.
EBITDA of R$51.2 million (+25.8% vs 4Q09), for margin
of 17.6% (+1.5p.p vs 4Q09)
15.3%
25.8%
13.2%
14.9%
4Q10
2010
4
163.9
Financial Results
Automotive Logistics – R$ million
252.4
40.7
291.2
51.2
Net Revenue EBITDA
4Q09 4Q10
891.5
142.7
1.009.1
Net Revenue EBITDA
2009 2010

5. Net Revenue of R$158.1 million (-11.2% vs 2009).
EBITDA of R$23.0 million (+15.9% vs 2009), for margin of 14.5%
(+3.4 p.p.).
Net Revenue of R$35.5 million (-9.4% vs 4Q09).
• Growth of 13.0% in Gross Revenue with Chemical Logistics;
• Decline of 88.8% in gross revenue in the fuel segments;
• Increase of 55.6% in gross revenues for electronic logistics.
39.2
5.0
35.5
0.7
Net Revenue EBITDA
4Q09 4Q10
178.0
19.8
158.1
23.0
Net Revenue EBITDA
2009 2010
-84.9%
15.9%
4Q10
EBITDA of R$0.7 million (-84.9% vs 4Q09), for margin of
2.1% (-10.7 p.p vs 4Q09).
2010
5
-11.2%
-9.4%
Financial Results
Integrated Logistics – R$ million
Decline in the margins due to the startup and beginning of activities
in warehouse of Rio de Janeiro.
• Increase of 15.9% in gross revenue with chemical logistics;
• Growth of 52.1% in gross revenue in electronic logistics;
• Falling of 66.2% in gross revenue in pulp & paper;
• Decline of 60.7% inside the gross revenue of fuel Logistics.

6. 21.4
31.1
4Q09 4Q10
76.5
112.3
2009 2010
Higher net income fueled by operating and financial results.
6
46.9%
44.8%
Financial Results
Consolidated Net Income – R$ million

7. Net Debt
40.3
-2.7
18.8
13.7 13.0
4Q09 1Q09 2Q10 3Q10
0.25x
x EBITDA 12 months
Debt Profile
36%
64%
ST LT
7
- 0.11x 0.08x
Financial Results
Cash Balance and Debt
0,07x
4T10

8. Alexandre Brandão
+55 (11) 4346-2532
alexandre.brandao@tegma.com.br
Hugo Zierth
+55 (11) 4346-2532
hugo.zierth@tegma.com.br
IR Contact

9. The forward-looking statements contained in this presentation are subject to risks and
uncertainties. These are based on beliefs and assumptions of our Management and information
currently available to the Company. Such statements include information about our current
intentions, beliefs or expectations, as well as those of our Board of Directors and Board of
Executive Officers.
The reservations concerning forward-looking statements also apply to information about
possible or presumed operating results, as well as declarations preceded by, including or
followed by such words as "believe", "may", "will", "continue", "expect", "foresee", "intend",
"plan", "estimate“ and other similar expressions.
Forward-looking statements do not constitute a guarantee of performance. Since they refer to
the future, they depend on circumstances that may or may not occur and are therefore subject
to risks, uncertainties and assumptions. Future results and creation of shareholder value may
differ substantially from those expressed or suggested by the forward-looking statements. Many
factors that may influence these results are beyond TEGMA’s control or expectations.