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 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 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 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.
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.
The document provides financial highlights and key metrics for Localiza Rent a Car S.A. for 4Q07, full year 2007, and comparisons to prior periods:
1) Revenue and EBITDA grew significantly in 4Q07 and 2007 driven by growth in the average rented fleet and focus on local off-airport markets.
2) Free cash flow after fleet renewal investments was R$199.6 million in 2007, allowing continued investment in expanding the fleet.
3) Return on invested capital increased, demonstrating improved operational efficiency and profitability.
Localiza Rent a Car reported strong results for 1Q08, with net revenue up 16.6% to R$470.5 million and EBITDA increasing 23.2% to R$120.9 million. The company's average rented fleet grew 27.8% to 35,817 vehicles while daily car rentals were up 18% to 28,022. Free cash flow was negatively impacted by a R$89.3 million reduction in the vehicle supplier account, but excluding this would be R$36.2 million for 1Q08.
Profarma's market share reached a record high of 12.8% in 4Q07, up from 9.6% in 2006. Consolidated gross revenue grew 40.1% compared to 4Q06, reaching R$740.4 million. Adjusted EBITDA was R$26.2 million, a 35.3% increase over 4Q06. New regions showed strong growth, with revenues of R$75 million, up 34.6% over 3Q07. The company reduced errors per million units shipped by 34.5% between 3Q07 and 4Q07.
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 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 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.
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.
The document provides financial highlights and key metrics for Localiza Rent a Car S.A. for 4Q07, full year 2007, and comparisons to prior periods:
1) Revenue and EBITDA grew significantly in 4Q07 and 2007 driven by growth in the average rented fleet and focus on local off-airport markets.
2) Free cash flow after fleet renewal investments was R$199.6 million in 2007, allowing continued investment in expanding the fleet.
3) Return on invested capital increased, demonstrating improved operational efficiency and profitability.
Localiza Rent a Car reported strong results for 1Q08, with net revenue up 16.6% to R$470.5 million and EBITDA increasing 23.2% to R$120.9 million. The company's average rented fleet grew 27.8% to 35,817 vehicles while daily car rentals were up 18% to 28,022. Free cash flow was negatively impacted by a R$89.3 million reduction in the vehicle supplier account, but excluding this would be R$36.2 million for 1Q08.
Profarma's market share reached a record high of 12.8% in 4Q07, up from 9.6% in 2006. Consolidated gross revenue grew 40.1% compared to 4Q06, reaching R$740.4 million. Adjusted EBITDA was R$26.2 million, a 35.3% increase over 4Q06. New regions showed strong growth, with revenues of R$75 million, up 34.6% over 3Q07. The company reduced errors per million units shipped by 34.5% between 3Q07 and 4Q07.
Profarma's market share reached a record 12.0% in 3Q07, with gross revenues growing 31.9% to R$698.2 million compared to 3Q06. Net earnings increased 94.9% to R$8.2 million due to strong sales growth across branded, generic, and OTC products. Adjusted EBITDA was R$21.6 million for 3Q07, a 12.9% increase over 3Q06, demonstrating improved profitability.
Localiza's flexible business model proved effective during the economic crisis period. In the 4th quarter of 2009, Localiza resumed revenue and profit growth. For the full year 2009, Localiza's net revenue was stable while EBITDA declined 6.8% and net income declined R$11.1 million compared to 2008. Localiza has continued expanding its car rental network during the crisis, growing its number of locations.
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 Rent a Car S.A. reported strong results for the second quarter of 2008. Key highlights include a 30.6% increase in net revenue and a 44.6% increase in EBITDA. The company continued its strategy of fleet growth, acquiring over 8,700 new cars. Despite this growth, productivity remained high as fleet utilization increased. Free cash flow before growth was R$107 million. Net debt increased to fund growth and stock repurchases but leverage ratios remained low. The company achieved gains of scale that increased operating margins and economic value added (EVA), demonstrating the benefits of its expansion.
Localiza Rent a Car S.A. presented strong results for the third quarter of 2008. The company grew its average rented fleet by 33.4% compared to the same period last year. Revenues increased 38.6% to R$1.5 billion driven by growth in both car rentals and used car sales. EBITDA grew 31.2% to R$403.5 million and net income increased 17.1% to R$157.2 million, maintaining the company's profitability. The increase in fleet size led to a rise in net debt, but the company will reduce fleet purchases and debt in the fourth quarter.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
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.
Ideiasnet reported financial results for 4Q08 and full year 2008. 4Q08 gross revenue grew 9.8% and net revenue grew 11.7% over 4Q07. EBITDA grew 95.2% in 4Q08 and 33% for the full year. Net income declined 42% in 4Q08 and 63% for the full year due to negative foreign exchange impacts. The portfolio companies Officer, Softcorp, and Spring Wireless saw revenue and EBITDA growth in 4Q08 and 2008, while Padtec and iMusica experienced strong revenue growth.
Banco ABC - 1st Quarter 2008 Results PresentationBanco ABC Brasil
The document provides an overview of Banco ABC Brasil's 1Q08 results. Key highlights include:
- Loan portfolio reached R$5.779 billion, up 15.8% from 4Q07 and 80.9% from 1Q07.
- 99.4% of loans rated AA-C, similar to prior periods.
- Net income up 106.4% to R$38 million from 1Q07.
- Moody's assigned investment grade ratings to Banco ABC Brasil of Baa2/P-2.
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 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, 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.
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.
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.
- 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.
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.
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 reported strong results for 1Q08, with net revenue up 16.6% to R$470.5 million and EBITDA increasing 23.2% to R$120.9 million. The company's average rented fleet grew 27.8% to 35,817 vehicles while daily car rentals were up 18% to 28,022. Free cash flow was negatively impacted by a R$89.3 million reduction in the vehicle supplier account, but excluding this would be R$36.2 million for 1Q08.
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 S.A. reported strong results for the second quarter of 2008. Key highlights include a 30.6% increase in net revenue to R$432.3 million and a 39.6% increase in net income to R$53.6 million. The company continued its strong growth, increasing its average rented fleet by 36.2% and acquiring over 8,700 new vehicles. This growth required a net investment of R$252.9 million in fleet expansion. Despite the growth, the company maintained consistent EBITDA margins and low leverage. The cash generated before growth totaled R$107.4 million for the first half of 2008.
In 2Q11, BRMalls reported a 62.1% increase in net revenues to R$199.4 million. Net operating income (NOI) grew 61% to R$176 million, while adjusted EBITDA increased 58.3% to R$160.5 million. The company concluded acquisitions totaling R$346.2 million in the quarter. BRMalls expects its projects under development to add 192,000 square meters of total gross leasable area by 2013. The company ended the quarter with R$1.255 billion in cash after raising approximately R$731 million in a follow-on share offering in May.
Profarma's market share reached a record 12.0% in 3Q07, with gross revenues growing 31.9% to R$698.2 million compared to 3Q06. Net earnings increased 94.9% to R$8.2 million due to strong sales growth across branded, generic, and OTC products. Adjusted EBITDA was R$21.6 million for 3Q07, a 12.9% increase over 3Q06, demonstrating improved profitability.
Localiza's flexible business model proved effective during the economic crisis period. In the 4th quarter of 2009, Localiza resumed revenue and profit growth. For the full year 2009, Localiza's net revenue was stable while EBITDA declined 6.8% and net income declined R$11.1 million compared to 2008. Localiza has continued expanding its car rental network during the crisis, growing its number of locations.
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 Rent a Car S.A. reported strong results for the second quarter of 2008. Key highlights include a 30.6% increase in net revenue and a 44.6% increase in EBITDA. The company continued its strategy of fleet growth, acquiring over 8,700 new cars. Despite this growth, productivity remained high as fleet utilization increased. Free cash flow before growth was R$107 million. Net debt increased to fund growth and stock repurchases but leverage ratios remained low. The company achieved gains of scale that increased operating margins and economic value added (EVA), demonstrating the benefits of its expansion.
Localiza Rent a Car S.A. presented strong results for the third quarter of 2008. The company grew its average rented fleet by 33.4% compared to the same period last year. Revenues increased 38.6% to R$1.5 billion driven by growth in both car rentals and used car sales. EBITDA grew 31.2% to R$403.5 million and net income increased 17.1% to R$157.2 million, maintaining the company's profitability. The increase in fleet size led to a rise in net debt, but the company will reduce fleet purchases and debt in the fourth quarter.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
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.
Ideiasnet reported financial results for 4Q08 and full year 2008. 4Q08 gross revenue grew 9.8% and net revenue grew 11.7% over 4Q07. EBITDA grew 95.2% in 4Q08 and 33% for the full year. Net income declined 42% in 4Q08 and 63% for the full year due to negative foreign exchange impacts. The portfolio companies Officer, Softcorp, and Spring Wireless saw revenue and EBITDA growth in 4Q08 and 2008, while Padtec and iMusica experienced strong revenue growth.
Banco ABC - 1st Quarter 2008 Results PresentationBanco ABC Brasil
The document provides an overview of Banco ABC Brasil's 1Q08 results. Key highlights include:
- Loan portfolio reached R$5.779 billion, up 15.8% from 4Q07 and 80.9% from 1Q07.
- 99.4% of loans rated AA-C, similar to prior periods.
- Net income up 106.4% to R$38 million from 1Q07.
- Moody's assigned investment grade ratings to Banco ABC Brasil of Baa2/P-2.
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 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, 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.
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.
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.
- 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.
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.
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 reported strong results for 1Q08, with net revenue up 16.6% to R$470.5 million and EBITDA increasing 23.2% to R$120.9 million. The company's average rented fleet grew 27.8% to 35,817 vehicles while daily car rentals were up 18% to 28,022. Free cash flow was negatively impacted by a R$89.3 million reduction in the vehicle supplier account, but excluding this would be R$36.2 million for 1Q08.
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 S.A. reported strong results for the second quarter of 2008. Key highlights include a 30.6% increase in net revenue to R$432.3 million and a 39.6% increase in net income to R$53.6 million. The company continued its strong growth, increasing its average rented fleet by 36.2% and acquiring over 8,700 new vehicles. This growth required a net investment of R$252.9 million in fleet expansion. Despite the growth, the company maintained consistent EBITDA margins and low leverage. The cash generated before growth totaled R$107.4 million for the first half of 2008.
In 2Q11, BRMalls reported a 62.1% increase in net revenues to R$199.4 million. Net operating income (NOI) grew 61% to R$176 million, while adjusted EBITDA increased 58.3% to R$160.5 million. The company concluded acquisitions totaling R$346.2 million in the quarter. BRMalls expects its projects under development to add 192,000 square meters of total gross leasable area by 2013. The company ended the quarter with R$1.255 billion in cash after raising approximately R$731 million in a follow-on share offering in May.
The document summarizes CCR's 2Q12 earnings results. Key highlights include an 11% increase in net revenues compared to 2Q11, a 13.4% increase in EBITDA with margins up 1.3 percentage points, and a 37.7% increase in net income. Traffic increased by 1.4% while electronic toll collections reached 67.4% of revenues. EBITDA margins expanded due to increased cash generation and cost reductions, including lower concession fees, personnel costs, and maintenance provisions.
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.
CCR reported its 3Q12 earnings results. Net revenues increased 13.3% compared to 3Q11. EBITDA grew 4.5% to R$860.1 million despite a temporary contraction in EBITDA margin. Net income was up 18.9% to R$316.8 million, benefiting from lower financial expenses and debt refinancing. Traffic across CCR's concessions increased between 2.1-16.7% compared to 3Q11. The company also noted the conclusion of new business acquisitions in 3Q12 and subsequent events.
Hyundai Commercial presented its 2012 financial results showing:
1) Operating income slightly decreased from the previous year due to increases in other operating expenses from government regulations.
2) While ordinary income decreased due to one-time factors, the company's fundamentals remained solid with a high return on assets of 3.01%.
3) The company maintained disciplined asset diversification across its financial businesses and stable capital levels above regulatory requirements.
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.
Localiza Rent a Car S.A. presented its 2Q07 results which showed consistent growth and increased profitability. Key highlights included a 34.4% increase in net revenues, solid EBITDA growth of 22.1%, and superior shareholder value as evidenced by a 24.6% increase in economic value added. This strong performance was driven by improvements in fleet utilization rates, lower depreciation costs, and reduced investment needs. Looking ahead, Localiza plans to continue expanding its network of owned branches to increase market share.
Localiza Rent a Car S.A. presented its 2Q07 results which showed consistent growth and increased profitability. Key highlights included a 34.4% increase in net revenues, solid EBITDA growth of 22.1%, and superior shareholder value as evidenced by a 24.6% increase in economic value added. This strong performance was driven by improvements in fleet utilization rates, lower depreciation costs, and reduced investment needs. Looking ahead, Localiza plans to continue expanding its network of owned branches and broadening its geographic coverage.
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 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.
Profarma's market share reached a record 12.0% in 3Q07, with gross revenues growing 31.9% to R$698.2 million compared to 3Q06. Net earnings increased 94.9% to R$8.2 million in 3Q07 versus the same period last year. Adjusted EBITDA was R$21.6 million in 3Q07, representing growth of 12.9% over 3Q06, as the company's operations and financial metrics improved across key areas.
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.
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Apresentação 1 q12 eng
1. Localiza Rent a Car S.A.
1Q12 results
R$ million, IFRS
1
April 18, 2012
2. Highlights
Investment Grade in global scale and brAAA in national scale
by S&P
Included at Bovespa and IBrx50 indexes starting 01/02/2012
Increase in the ADTV to R$32 million in 1Q12
(R$23 million in 2011)
More than 500 rental locations
2
3. Highlights
Net Revenues - Consolidated
Consolidated EBITDA
774.7
681.5
7%
13. 12.8
%
210.0
186.2
R$ million
R$ million
1Q11 1Q12 1Q11 1Q12
Consolidated net income End of period fleet
91,444
84,271 8.5%
%
14.3 28,191 31,186
72.7
R$ million
63.6 Quantity
56,080 60,258
1Q11 1Q12 1Q11 1Q12
Car rental Fleet rental
3
4. Car Rental Division
# daily rentals (thousand)
24.6%
CAGR: 12,794
10,734
7,940 8,062
4,668
5,793
% 8.7%
3,411 19.2 3,063 3,330
2005 2006 2007 2008 2009 2010 2011 1Q11 1Q12
Net revenues (R$ million)
: 24.9%
CAGR 980.7
802.2
565.2 585.2
%
346.1
428.0 15.0
3%
22.
258.6 267.9
233.0
2005 2006 2007 2008 2009 2010 2011 1Q11 1Q12
Revenue grew above volume due to the increase in the average rental rate per car.
4
8. End of period fleet
Quantity
%
CAGR: 17
.9% 96,317 8.5
88,060 91,444
84,271
70,295 26,615
31,629 31,186
62,515 28,191
53,476 22,778
46,003
35,865 23,403
17,790
14,630
11,762 61,445 64,688 56,080 60,258
39,112 47,517
31,373 35,686
24,103
2005 2006 2007 2008 2009 2010 2011 1Q11 1Q12
Car rental Fleet rental
Despite of the reduction after peak of demand, end of period fleet grew 8.5% compared to the 1Q11.
8
9. Ampliação da rede de distribuição de seminovos
80
66
55
49
32 35
26
13
2005 2006 2007 2008 2009 2010 2011 2012e
Currently, 8 stores are under construction with the objective of reaching 80 stores until December 2012.
9
10. Consolidated net revenues
R$ million
: 22.7%
CAGR 9%
16. 2,918.1
2,497.2
1,823.7 1,820.9 1,468.1
1,505.5 1,321.9
1,126.2
854.9 980.8 922.4 1 3 .7 %
850.5 4%
588.8 23. 681.5 774.7
446.5 1,175.3 1,450.0 373.3
842.9 898.5 340.7
408.4 537.4 655.0 340.8 17 .8% 401.4
2005 2006 2007 2008 2009 2010 2011 1Q11 1Q12
Rentals Seminovos
The growth was leveraged by the increase of 17.8% in the rental revenues.
10
11. EBITDA
R$ million
9.8%
C A GR : 1 821.3
649.5
504.1 469.7 %
12.8
403.5
277.9 311.3
210.0
26.5%
186.2
2005 2006 2007 2008 2009 2010 2011 1Q11 1Q12
Divisions 2005 2006 2007 2008 2009 2010 2011 1Q11 1Q12
Car rental 47.5% 43.4% 46.0% 45.9% 41.9% 45.3% 46.9% 44.0% 42.0%
Fleet Rental 65.5% 71.4% 71.3% 69.1% 68.7% 68.0% 68.6% 66.0% 66.2%
Rentals consolidated 53.6% 52.9% 54.5% 53.3% 51.1% 52.3% 53.8% 50.7% 49.9%
Used car sales 13.2% 4.6% 5.5% 5.6% 1.1% 2.6% 2.8% 3.9% 2.6%
Car rental margin was impacted by loss of scale, due to a lower growth rate.
11
12. Average depreciation per car
Financial crisis effect
Hot used car market 2,546.0 2,577.0
1,965.8
1,536.0 1,683.9
939.1
492.3 332.9
2005 2006 2007 2008 2009 2010 2011 1Q12
5,083.1
4,371.7
4,133.0 4,185.3
3,509.7
2,981.3
2,383.3 2,395.8
2005 2006 2007 2008 2009 2010 2011 1Q12
Depreciation is in line with the Company’s expectation for the current scenario.
12
13. Consolidated net income
R$ million
%
16.4
291.6
250.5
190.2
138.2 127.4
116.3
106.5 14.3%
63.6 72.7
2005 2006 2007 2008 2009 2010 2011 1Q11 1Q12
Reconciliation EBITDA x net income 2007 2008 2009 2010 2011 Var. R$ Var. % 1Q11 1Q12 Var. R$ Var. %
EBITDA – Rentals and franchising 357.1 449.6 459.1 615.1 779.9 164.8 26.8% 172.9 200.2 27.3 15.8%
EBITDA – Used car sales 46.4 54.5 10.6 34.4 41.4 7.0 20.3% 13.3 9.8 (3.5) -26.3%
EBITDA Consolidated 403.5 504.1 469.7 649.5 821.3 171.8 26.5% 186.2 210.0 23.8 12.8%
Cars depreciation (43.1) (178.5) (172.3) (146.3) (201.5) (55.2) 37.7% (46.3) (58.0) (11.7) 25.3%
Other property and equipment depreciation (14.4) (18.3) (21.0) (21.1) (24.1) (3.0) 14.2% (6.1) (7.5) (1.4) 23.0%
Financial expenses, net (74.4) (133.3) (112.9) (130.1) (179.0) (48.9) 37.6% (42.8) (43.6) (0.8) 1.9%
Income tax and social contribution (81.4) (46.6) (47.2) (101.5) (125.1) (23.6) 23.3% (27.4) (28.2) (0.8) 2.9%
Net income 190.2 127.4 116.3 250.5 291.6 41.1 16.4% 63.6 72.7 9.1 14.3%
Net income grew of 14.3% was superior to the growth of 12.8% in the EBITDA.
13
14. Free cash flow - FCF
Free cash flow - R$ million 2005 2006 2007 2008 2009 2010 2011 1Q12
EBITDA 277.9 311.3 403.5 504.1 469.7 649.5 821.3 210.0
Used car sales net revenues (446.5) (588.8) (850.5) (980.8) (922.4) (1,321.9) (1,468.1) (373.3)
Depreciated cost of used car sales (*) 361.2 530.4 760.0 874.5 855.1 1,203.2 1,328.6 340.7
(-) Income tax and social contribution (32.7) (42.7) (63.4) (52.8) (49.0) (57.8) (83.0) (29.6)
Working capital variation (24.2) (4.8) 13.3 (44.8) (11.5) 54.5 (83.9) (29.8)
Cash provided before capex 135.7 205.4 262.9 300.2 341.9 527.5 514.9 118.0
Used car sales net revenues 446.5 588.8 850.5 980.8 922.4 1,321.9 1,468.1 373.3
Capex of car - renewal (496.0) (643.3) (839.0) (1,035.4) (947.9) (1,370.1) (1,504.5) (249.5)
Net capex for renewal (49.5) (54.5) 11.5 (54.6) (25.5) (48.2) (36.4) 123.8
Capex – other property and equipment, net (28.0) (32.7) (23.7) (39.9) (21.0) (51.1) (63.0) (16.8)
Free cash flow before growth and interest 58.2 118.2 250.7 205.7 295.4 428.2 415.5 225.0
Capex of car - growth (194.0) (287.0) (221.9) (299.9) (241.1) (540.3) (272.0) -
Change in accounts payable to car suppliers (capex) (25.5) 222.0 (51.0) (188.9) 241.1 111.3 32.7 (211.8)
Free cash flow before interest (161.3) 53.2 (22.2) (283.1) 295.4 (0.8) 176.2 13.2
Fleet increase (decrease) - quantity 7,342 10,346 7,957 9,930 8,642 18,649 9,178 (4,562)
Cash generated before interest expenses was used for the reduction of the accounts payable to OEMs.
(*) without technical discount deduction 14
15. Debt profile
R$ million
Debt profile in 03/31/2012- principal
(R$ million)
562.0
432.0
315.8 303.5
245.2
102.9
26.0 52.0
2012 2013 2014 2015 2016 2017 2018 2019
Cash
712.7
Strong cash position and a comfortable debt profile.
15
16. Debt – ratios
R$ million
Net debt x Fleet value
2,446.7 2,681.7 2,528.7
1,752.6 1,907.8
1,492.9 1,363.4 1,407.9
1,247.7 1,254.5 1,281.1
900.2 1,078.6
765.1
535.8 440.4
2005 2006 2007 2008 2009 2010 2011 1Q12
annualized
Net debt Fleet value
END OF PERIOD BALANCE 2005 2006 2007 2008 2009 2010 2011 1Q12
Net debt / Fleet value 60% 36% 51% 72% 57% 52% 51% 56%
Net debt / EBITDA (*) 1.9x 1.4x 1.9x 2.5x 2.3x 2.0x 1.7x 1.7x
Net debt / Equity 1.4x 0.7x 1.3x 2.0x 1.5x 1.4x 1.2x 1.2x
EBITDA / Net financial expenses 3.3x 4.8x 5.4x 3.8x 4.2x 5.0x 4.6x 4.8x
* annualized
Comfortable debt ratios.
16
17. Spread
Spread
24.8%
21.3%
18.7%
17.0% 16.9% 17.1%
15.1%
11.2p.p. 11.5%
7.8p.p. 12.9p.p.
8.2p.p. 9.6p.p. 8.5p.p.
4.0p.p. 8.0p.p.
13.6%
10.9%
8.4% 8.8% 7.6% 7.3% 8.6% 7.1%
2005 2006 2007 2008 2009 2010 2011 1Q12
annualized
Cost of debt after tax ROIC
2005 2006 2007 2008 2009 2010 2011 1Q12 a
Average capital investment - R$ million 606.3 986.2 1,137.5 1,642.3 1,702.3 1,984.6 2,445.3 2,677.7
NOPAT margin (over rental net revenues) 37.0% 34.5% 36.9% 32.1% 21.9% 28.6% 28.9% 25.1%
Turnover of average capital investment
(over rental net revenues) 0.67x 0.55x 0.58x 0.53x 0.53x 0.59x 0.59x 0.60x
ROIC 24.8% 18.7% 21.3% 17.0% 11.5% 16.9% 17.1% 15.1%
Interest on debt after tax 13.6% 10.9% 8.4% 8.8% 7.6% 7.3% 8.6% 7.1%
Spread (ROIC – Interest after tax) - p.p. 11.2 7.8 12.9 8.2 4.0 9.6 8.5 8.0
ROIC and spread reflect the Company’s competitive strategy of pricing.
17
18. Investment grade
Global scale BBB- Baa3 BBB-
National scale brAAA Aa1.br AA+(bra)
Main highlights of the S&P upgrade report:
Relevant market position of Localiza in the Brazilian car and fleet rental markets
High operating efficiency
Strong cash position
Plenty of room in the contracted covenants
Excellent presence in debt markets
Solid relationships with banks
Financial discipline and conservative policies of the Company were recognized by the 3 main rating agencies.
18
19. Thank you!
www.localiza.com/ir
E-mail: ri@localiza.com
Phone: +55 31 3247-7024
Disclaimer
The material presented is a presentation of general background information about LOCALIZA as of the date of the presentation. It is information in summary form and does not purport to
be complete. It is not intended to be relied upon as advice to potential investors. This presentation is strictly confidential and may not be disclosed to any other person. No representation
or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as
the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of LOCALIZA and its subsidiaries that may cause the actual results
of the companies to be materially different from any future results expressed or implied in such forward-looking statements.
Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to LOCALIZA’s
management, LOCALIZA cannot guarantee future results or events. LOCALIZA expressly disclaims a duty to update any of the forward-looking statement.
Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of 1933. Any offering of securities to be made in
the United States will be made by means of an offering memorandum that may be obtained from the underwriters. Such offering memorandum will contain, or incorporate by reference,
detailed information about LOCALIZA and its business and financial results, as well as its financial statements.
This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor
anything contained herein shall form the basis of any contract or commitment whatsoever.
19