This document discusses the 3Q09 and YTD results of Localiza Rent a Car S.A. It begins with an overview of the company's history and growth from 6 vehicles in 1973 to over 71,500 vehicles across 9 countries today. The presentation then covers Localiza's drivers of growth, competitive advantages, growth while maintaining profitability, and 3Q09 and 9M09 financial results. Localiza has an integrated business platform across its car rental, fleet rental, used car sales, franchising, and international divisions that provides synergies. The company sees opportunities for further growth through Brazil's economic expansion, industry consolidation, growth in air travel and credit card usage.
ApresentaçãO 3 Q09 Completa Eng (Pp Tminimizer)Localiza
This document discusses the 3Q09 and YTD results of Localiza Rent a Car S.A. It begins with an overview of the company's history and growth from 6 vehicles in 1973 to over 71,500 vehicles across 9 countries and 431 locations today. The next sections discuss Localiza's integrated business platform and strategy across its core and support divisions. Financial highlights for 3Q09 show revenues of R$34% from car rentals and R$17% from fleet rentals. The document concludes with an overview of Localiza's growth opportunities in areas like GDP growth, market consolidation, air traffic increases, credit card expansion, and fleet outsourcing.
Localiza Rent a Car S.A. is a Brazilian car rental company that started in 1973 with 6 used cars. It has grown significantly over time through organic growth and acquisitions. In the first quarter of 2010, it had over 79,000 cars, operations in 9 countries, and 449 locations. Localiza utilizes an integrated business platform across its four divisions to provide synergies and flexibility. The company aims to increase market leadership in its core businesses while adding value in its other divisions. Localiza has an efficient financial cycle for its car rentals and fleet rentals that generates profits through rental revenues and used car sales.
Gafisa reported strong financial results for 1Q10, with launches totaling R$703 million, up 339% YoY. Pre-sales reached R$857 million, a 53.5% increase YoY. Net revenue rose 67% to R$908 million, while adjusted EBITDA increased 120% to R$169 million with an 18.6% margin. Gafisa continued expanding its national footprint and consolidated land bank, which totaled R$15.6 billion. The company also completed a follow-on share offering that raised R$1.02 billion to fund growth initiatives.
Cyrela - Corporate Presentation - November 2009Cyrela
This document summarizes Cyrela's business and the Brazilian real estate market:
1) Cyrela is the largest homebuilder in Brazil with almost 50 years of experience and a nationwide presence across income segments.
2) The Brazilian real estate sector is poised for strong growth driven by demographics, rising incomes, and a large housing deficit despite a recent slowdown.
3) Cyrela is well positioned to capture growth opportunities given its scale, execution capacity, nationwide footprint, and track record of innovation and expansion into new segments and regions.
2010 Toyota RAV4 color brochure provided by Irwin Zone Toyota located near Concord, NH. Find the 2010 Toyota RAV4 for sale in New Hampshire; call about our current sales and incentives at 800-639-6700.
SEG is ushering in the evolution of licensed merchandise for sporting events. Through illuminating technology, we've created "GameDay" uniforms for the fans...
2010 Royal Palm Toyota 4Runner Royal Palm Beach FLPalmBeachToyota
2010 Toyota 4Runner brochure provided by Royal Palm Toyota located in Royal Palm Beach, FL. Find the 2010 Toyota 4Runner for sale in Florida; call about our current sales and incentives at (888)908-TOYO. http://www.royalpalmtoyota.com/
Polaris Industries Inc. reported second quarter 2009 earnings results on July 16, 2009. Total company sales decreased 24% to $345.9 million compared to the second quarter of 2008 due to declines in volume partially offset by increases in product mix and price. Net income also decreased 28% compared to the second quarter of 2008. Polaris saw declines in retail sales across all product lines in North America, though the decreases were in line with expectations. Dealer inventory levels and dealer count in North America both decreased compared to the second quarter of 2008.
ApresentaçãO 3 Q09 Completa Eng (Pp Tminimizer)Localiza
This document discusses the 3Q09 and YTD results of Localiza Rent a Car S.A. It begins with an overview of the company's history and growth from 6 vehicles in 1973 to over 71,500 vehicles across 9 countries and 431 locations today. The next sections discuss Localiza's integrated business platform and strategy across its core and support divisions. Financial highlights for 3Q09 show revenues of R$34% from car rentals and R$17% from fleet rentals. The document concludes with an overview of Localiza's growth opportunities in areas like GDP growth, market consolidation, air traffic increases, credit card expansion, and fleet outsourcing.
Localiza Rent a Car S.A. is a Brazilian car rental company that started in 1973 with 6 used cars. It has grown significantly over time through organic growth and acquisitions. In the first quarter of 2010, it had over 79,000 cars, operations in 9 countries, and 449 locations. Localiza utilizes an integrated business platform across its four divisions to provide synergies and flexibility. The company aims to increase market leadership in its core businesses while adding value in its other divisions. Localiza has an efficient financial cycle for its car rentals and fleet rentals that generates profits through rental revenues and used car sales.
Gafisa reported strong financial results for 1Q10, with launches totaling R$703 million, up 339% YoY. Pre-sales reached R$857 million, a 53.5% increase YoY. Net revenue rose 67% to R$908 million, while adjusted EBITDA increased 120% to R$169 million with an 18.6% margin. Gafisa continued expanding its national footprint and consolidated land bank, which totaled R$15.6 billion. The company also completed a follow-on share offering that raised R$1.02 billion to fund growth initiatives.
Cyrela - Corporate Presentation - November 2009Cyrela
This document summarizes Cyrela's business and the Brazilian real estate market:
1) Cyrela is the largest homebuilder in Brazil with almost 50 years of experience and a nationwide presence across income segments.
2) The Brazilian real estate sector is poised for strong growth driven by demographics, rising incomes, and a large housing deficit despite a recent slowdown.
3) Cyrela is well positioned to capture growth opportunities given its scale, execution capacity, nationwide footprint, and track record of innovation and expansion into new segments and regions.
2010 Toyota RAV4 color brochure provided by Irwin Zone Toyota located near Concord, NH. Find the 2010 Toyota RAV4 for sale in New Hampshire; call about our current sales and incentives at 800-639-6700.
SEG is ushering in the evolution of licensed merchandise for sporting events. Through illuminating technology, we've created "GameDay" uniforms for the fans...
2010 Royal Palm Toyota 4Runner Royal Palm Beach FLPalmBeachToyota
2010 Toyota 4Runner brochure provided by Royal Palm Toyota located in Royal Palm Beach, FL. Find the 2010 Toyota 4Runner for sale in Florida; call about our current sales and incentives at (888)908-TOYO. http://www.royalpalmtoyota.com/
Polaris Industries Inc. reported second quarter 2009 earnings results on July 16, 2009. Total company sales decreased 24% to $345.9 million compared to the second quarter of 2008 due to declines in volume partially offset by increases in product mix and price. Net income also decreased 28% compared to the second quarter of 2008. Polaris saw declines in retail sales across all product lines in North America, though the decreases were in line with expectations. Dealer inventory levels and dealer count in North America both decreased compared to the second quarter of 2008.
2010 Toyota 4Runner color brochure provided by Silsbee Toyota located near Houston, TX. Find the 2010 Toyota 4Runner for sale in Texas; call about our current sales and incentives at (888) 546-6593.
We are a local family owned dealership that has been satisfying New or Used Toyota and Scion needs of Silsbee, Beaumont, The Golden Triangle Area -Nederland, Port Neches, Port Arthur, Vidor, Jasper, Houston, Southeast Texas, and SW Louisiana since 1946.
May we all live in a world where we tell stories. Long, powerful and multilayered stories. Stories with great myths & mysteries, heroes & villains... and let us build those stories so that they fit for our time, for a world full of wonder and technological opportunity. Let us build stories that empower people and move them emotionally. Both brands and users would be better off for it.
This document summarizes the state of the Miami-Dade office market in 2010 and provides a forecast for 2011. It discusses trends such as tenants moving to higher quality buildings while still being able to negotiate good lease terms. Large tenants made significant moves in 2010, increasing available sublease space. The forecast predicts continued flight to quality and slow economic recovery allowing small expansions. The document also provides statistics on vacancy rates, absorption, lease rates, and construction in different submarkets. It highlights some of the largest lease deals in 2010 and a featured property for lease.
2010 Toyota Avalon - Carson Toyota Los Angeles, CACarson Toyota
The document provides information about the 2010 Toyota Avalon vehicle models, including the XL, XLS, and Limited trims. It lists standard features and options for each trim, exterior and interior colors, mechanical specifications, pricing starting at $27,945 for the XL Sedan, and contact information for Carson Toyota dealership in Carson, CA.
2010 Toyota RAV 4 color brochure provided by Miller Toyota of Culver City located in Culver City, CA. Find the 2010 Toyota RAV 4 for sale in California; call about our current sales and incentives at 800-997-6024.
2010 Toyota 4 Runner color brochure provided by Irwin Zone Toyota located near Concord, NH. Find the 2010 Toyota 4 Runner for sale in New Hampshire; call about our current sales and incentives at 800-639-6700.
The document advertises the franchise sale of Neoskin, a skin care specialist business. The franchise for sale includes the head office location which is 1,690 square feet and contains treatment rooms, offices, and a washroom. It also includes $200,000 worth of equipment, trained staff, and an existing client base of over 500 customers. The franchise is priced at $1,475,000.
2010 Toyota 4Runner brochure provided Bob Moran’s Acton Toyota Scion of Littleton located near Boston, MA. Find the 2010 Toyota 4Runner for sale in Massachusetts; call about our current sales and incentives at (800) 530-1079.
Acton Toyota is a leading dealer for new, used, and Toyota Certified cars, trucks, and SUVs in Massachusetts. Customers from all over New England, Boston, Nashua, Framingham, metro west, Westford, Chelmsford, Lancaster, Danvers, Watertown, Westborough, and Lexington will find a large inventory of Toyota vehicles like Prius, Avalon, Camry, Camry Hybrid, Highlander, Highlander Hybrid, Land Cruiser, Matrix, RAV4, 4Runner, Sequoia, Tundra, Venza, Yaris, Solara, Corolla, Tacoma, Sienna, Scion, & others.
Sedo The Importance Of Keyword Domain Names In Optimizing Website Trafficauexpo Conference
The document discusses the importance of keyword domain names for optimizing website traffic. It provides an overview of the domain name market and secondary domain market. Keyword domain names can be used as powerful marketing tools for branding, driving direct traffic, and improving search engine optimization and pay-per-click campaigns. The document also gives examples of how domain names have increased traffic and revenue for websites.
O documento descreve 5 locais históricos da cidade de Caraguatatuba, São Paulo, fornecendo seus nomes, endereços, datas de projeto, técnicas construtivas e informações sobre proteção legal.
The document provides a biography of Arun Sarin, an Indian businessman who had a successful career in the telecommunications industry. It details his educational background and key roles, including serving as CEO of Vodafone from 2003 to 2008, where he expanded the company's operations and customer base globally. It also mentions some of his current roles on boards of directors and honors received, positioning him as a highly accomplished leader in the wireless industry.
GOL - Gerenciamento de Crises em Redes Sociaisaberje
Apresentação feita no evento "Ideia Aberje Digital" que aconteceu no Pullman São Paulo Ibirapuera no dia 16 de setembro de 2011.
Palestrante: Hélio Muniz
Empresa: GOL Linhas Aéreas
This document discusses the rise of social media and social influence marketing. It notes that social networks have reached widespread global penetration led by Facebook. It then outlines key social media activities like video watching and blogging across different regions. The document advocates developing a social influence marketing strategy that integrates paid, owned, and earned social media platforms and their measurement. It proposes measuring brand health through a social influence marketing score that considers the sentiment and reach of a brand on social media. Finally, it argues that successful marketing now requires adapting to the constant change of the digital environment through multiple, coherent messages rather than a singular consistent one.
O documento discute os principais desafios jurídicos das mídias sociais, como a autenticação de informações online e a proteção da reputação das empresas. Apresenta estratégias como monitoramento constante dos ambientes digitais e uso do site oficial para divulgação de informações. Também aborda incidentes comuns e formas de lidar com eles, como preservação de evidências e notificações judiciais quando necessário.
O documento apresenta uma oficina sobre estratégias e iniciativas em Web 2.0 para negócios. Discutem-se os desafios de aplicar ferramentas colaborativas como blogs, wikis e redes sociais no ambiente corporativo. Apresentam-se casos como Cia Athletica e Splice e estratégias como widgets, mashups e arquitetura de participação para inovar processos e preencher lacunas por meio do Enterprise 2.0.
O documento discute os hábitos de consumo de vídeo online no Brasil. A pesquisa mostra que vídeos curtos fazem parte do cotidiano dos internautas brasileiros, que costumam assistir vídeos principalmente à noite. Seriados e programas de TV são os tipos de vídeos mais assistidos online, e a indicação por outras pessoas é a principal forma de encontrar novos vídeos.
This document discusses the history of the Walt Disney Company and its ventures into "edutainment". It details Disney's early animated films and theme parks, and how they aimed to both educate and entertain audiences. However, Disney has faced criticism over concerns that some of its content simplified or distorted historical and cultural topics. The document also examines Disney's propaganda films during WWII and its educational television programs and documentaries later on that combined entertainment with teaching subjects like math and foreign cultures.
Polipress - Gestão de crises nas redes sociais aberje
O documento discute as manifestações populares em 2011 no mundo árabe e em Londres, e também fala sobre acusações de trabalho escravo contra a rede de lojas Zara no Brasil.
SMO Técnicas de Social Media Optimization - Focusnetworks - Rafael KisoRafael Kiso
Essa apresentação explica como ganhar relevância na web social através da otimização de conteúdo publicado em canais sociais como Facebook, Twitter, Slideshare, Scribd, Flickr, YouTube, Vimeo, Foursquare, entre outros. A mídia social está se tornando a principal referência de busca frente aos buscadores como Google, Yahoo e Bing. Veja como associar o SEO com o SMO. Apresentação do Rafael Kiso, Diretor de Novos Negócios da Focusnetworks e Consultor de Planejamento Estratégico Digital da MídiaNext.
Kraft - Estratégia em mídias sociais o relacionamento digital com o mercadoaberje
O documento discute a importância das mídias sociais para as empresas e como elas podem ser usadas em estratégias de marketing, monitoramento da marca e relacionamento com clientes. Ele também analisa como as mídias sociais podem transformar os processos e a cultura das organizações e quais dimensões são importantes para o sucesso de iniciativas de mídias sociais.
Utilizando as mídias sociais para divulgar a sua marcaAna Laura Gomes
O documento discute o uso das mídias sociais para divulgar marcas, abordando o que são mídias sociais, sua importância, como participar delas e como acompanhar os resultados.
2010 Toyota 4Runner color brochure provided by Silsbee Toyota located near Houston, TX. Find the 2010 Toyota 4Runner for sale in Texas; call about our current sales and incentives at (888) 546-6593.
We are a local family owned dealership that has been satisfying New or Used Toyota and Scion needs of Silsbee, Beaumont, The Golden Triangle Area -Nederland, Port Neches, Port Arthur, Vidor, Jasper, Houston, Southeast Texas, and SW Louisiana since 1946.
May we all live in a world where we tell stories. Long, powerful and multilayered stories. Stories with great myths & mysteries, heroes & villains... and let us build those stories so that they fit for our time, for a world full of wonder and technological opportunity. Let us build stories that empower people and move them emotionally. Both brands and users would be better off for it.
This document summarizes the state of the Miami-Dade office market in 2010 and provides a forecast for 2011. It discusses trends such as tenants moving to higher quality buildings while still being able to negotiate good lease terms. Large tenants made significant moves in 2010, increasing available sublease space. The forecast predicts continued flight to quality and slow economic recovery allowing small expansions. The document also provides statistics on vacancy rates, absorption, lease rates, and construction in different submarkets. It highlights some of the largest lease deals in 2010 and a featured property for lease.
2010 Toyota Avalon - Carson Toyota Los Angeles, CACarson Toyota
The document provides information about the 2010 Toyota Avalon vehicle models, including the XL, XLS, and Limited trims. It lists standard features and options for each trim, exterior and interior colors, mechanical specifications, pricing starting at $27,945 for the XL Sedan, and contact information for Carson Toyota dealership in Carson, CA.
2010 Toyota RAV 4 color brochure provided by Miller Toyota of Culver City located in Culver City, CA. Find the 2010 Toyota RAV 4 for sale in California; call about our current sales and incentives at 800-997-6024.
2010 Toyota 4 Runner color brochure provided by Irwin Zone Toyota located near Concord, NH. Find the 2010 Toyota 4 Runner for sale in New Hampshire; call about our current sales and incentives at 800-639-6700.
The document advertises the franchise sale of Neoskin, a skin care specialist business. The franchise for sale includes the head office location which is 1,690 square feet and contains treatment rooms, offices, and a washroom. It also includes $200,000 worth of equipment, trained staff, and an existing client base of over 500 customers. The franchise is priced at $1,475,000.
2010 Toyota 4Runner brochure provided Bob Moran’s Acton Toyota Scion of Littleton located near Boston, MA. Find the 2010 Toyota 4Runner for sale in Massachusetts; call about our current sales and incentives at (800) 530-1079.
Acton Toyota is a leading dealer for new, used, and Toyota Certified cars, trucks, and SUVs in Massachusetts. Customers from all over New England, Boston, Nashua, Framingham, metro west, Westford, Chelmsford, Lancaster, Danvers, Watertown, Westborough, and Lexington will find a large inventory of Toyota vehicles like Prius, Avalon, Camry, Camry Hybrid, Highlander, Highlander Hybrid, Land Cruiser, Matrix, RAV4, 4Runner, Sequoia, Tundra, Venza, Yaris, Solara, Corolla, Tacoma, Sienna, Scion, & others.
Sedo The Importance Of Keyword Domain Names In Optimizing Website Trafficauexpo Conference
The document discusses the importance of keyword domain names for optimizing website traffic. It provides an overview of the domain name market and secondary domain market. Keyword domain names can be used as powerful marketing tools for branding, driving direct traffic, and improving search engine optimization and pay-per-click campaigns. The document also gives examples of how domain names have increased traffic and revenue for websites.
O documento descreve 5 locais históricos da cidade de Caraguatatuba, São Paulo, fornecendo seus nomes, endereços, datas de projeto, técnicas construtivas e informações sobre proteção legal.
The document provides a biography of Arun Sarin, an Indian businessman who had a successful career in the telecommunications industry. It details his educational background and key roles, including serving as CEO of Vodafone from 2003 to 2008, where he expanded the company's operations and customer base globally. It also mentions some of his current roles on boards of directors and honors received, positioning him as a highly accomplished leader in the wireless industry.
GOL - Gerenciamento de Crises em Redes Sociaisaberje
Apresentação feita no evento "Ideia Aberje Digital" que aconteceu no Pullman São Paulo Ibirapuera no dia 16 de setembro de 2011.
Palestrante: Hélio Muniz
Empresa: GOL Linhas Aéreas
This document discusses the rise of social media and social influence marketing. It notes that social networks have reached widespread global penetration led by Facebook. It then outlines key social media activities like video watching and blogging across different regions. The document advocates developing a social influence marketing strategy that integrates paid, owned, and earned social media platforms and their measurement. It proposes measuring brand health through a social influence marketing score that considers the sentiment and reach of a brand on social media. Finally, it argues that successful marketing now requires adapting to the constant change of the digital environment through multiple, coherent messages rather than a singular consistent one.
O documento discute os principais desafios jurídicos das mídias sociais, como a autenticação de informações online e a proteção da reputação das empresas. Apresenta estratégias como monitoramento constante dos ambientes digitais e uso do site oficial para divulgação de informações. Também aborda incidentes comuns e formas de lidar com eles, como preservação de evidências e notificações judiciais quando necessário.
O documento apresenta uma oficina sobre estratégias e iniciativas em Web 2.0 para negócios. Discutem-se os desafios de aplicar ferramentas colaborativas como blogs, wikis e redes sociais no ambiente corporativo. Apresentam-se casos como Cia Athletica e Splice e estratégias como widgets, mashups e arquitetura de participação para inovar processos e preencher lacunas por meio do Enterprise 2.0.
O documento discute os hábitos de consumo de vídeo online no Brasil. A pesquisa mostra que vídeos curtos fazem parte do cotidiano dos internautas brasileiros, que costumam assistir vídeos principalmente à noite. Seriados e programas de TV são os tipos de vídeos mais assistidos online, e a indicação por outras pessoas é a principal forma de encontrar novos vídeos.
This document discusses the history of the Walt Disney Company and its ventures into "edutainment". It details Disney's early animated films and theme parks, and how they aimed to both educate and entertain audiences. However, Disney has faced criticism over concerns that some of its content simplified or distorted historical and cultural topics. The document also examines Disney's propaganda films during WWII and its educational television programs and documentaries later on that combined entertainment with teaching subjects like math and foreign cultures.
Polipress - Gestão de crises nas redes sociais aberje
O documento discute as manifestações populares em 2011 no mundo árabe e em Londres, e também fala sobre acusações de trabalho escravo contra a rede de lojas Zara no Brasil.
SMO Técnicas de Social Media Optimization - Focusnetworks - Rafael KisoRafael Kiso
Essa apresentação explica como ganhar relevância na web social através da otimização de conteúdo publicado em canais sociais como Facebook, Twitter, Slideshare, Scribd, Flickr, YouTube, Vimeo, Foursquare, entre outros. A mídia social está se tornando a principal referência de busca frente aos buscadores como Google, Yahoo e Bing. Veja como associar o SEO com o SMO. Apresentação do Rafael Kiso, Diretor de Novos Negócios da Focusnetworks e Consultor de Planejamento Estratégico Digital da MídiaNext.
Kraft - Estratégia em mídias sociais o relacionamento digital com o mercadoaberje
O documento discute a importância das mídias sociais para as empresas e como elas podem ser usadas em estratégias de marketing, monitoramento da marca e relacionamento com clientes. Ele também analisa como as mídias sociais podem transformar os processos e a cultura das organizações e quais dimensões são importantes para o sucesso de iniciativas de mídias sociais.
Utilizando as mídias sociais para divulgar a sua marcaAna Laura Gomes
O documento discute o uso das mídias sociais para divulgar marcas, abordando o que são mídias sociais, sua importância, como participar delas e como acompanhar os resultados.
Patricia Peck Pinheiro Advogados - Legalliidade nas Redes Sociiaiisaberje
O documento discute as mudanças na sociedade com o avanço da tecnologia digital, como o aumento do uso de redes sociais e dispositivos móveis, e como isso impacta questões legais. É destacado que a lei precisa acompanhar a nova realidade de comunicação instantânea e sem fronteiras físicas em um mundo cada vez mais digitalizado.
The document provides statistics about internet usage in Brazil from a presentation by Alexander Banks of comScore. It includes the following key points:
- Brazil has the 4th largest internet population in the world at 74.1 million users.
- 24 million Brazilian internet users are under age 35, more than the combined audiences of several European countries.
- The southeast region of Brazil accounts for over 65% of internet usage.
- Orkut and MSN Messenger account for almost 40% of time spent online in Brazil.
- Nearly 9 out of 10 Brazilians streamed videos online in June 2010, viewing over 3 billion videos.
O documento discute a proposta de uma nova lei de direitos autorais no Brasil, que visa atualizar a lei atual para permitir mais usos de obras protegidas sem necessidade de autorização, como cópia de CDs para iPods e conversão de formatos. A proposta também busca reconhecer novos tipos de autores e garantir direitos a bibliotecas e instituições culturais. No entanto, é necessário equilibrar os direitos dos consumidores, indústria e inventores/autores para não prejudicar a sociedade do conhec
Este documento fornece um resumo da pesquisa sobre políticas de divulgação e negociação realizada com 551 companhias abertas registradas na CVM. O estudo analisou como as companhias estruturam suas políticas de divulgação, quais departamentos são responsáveis, se possuem comitês de divulgação e quais informações são incluídas nas políticas.
O documento fornece dicas práticas para o desenvolvimento de sites para dispositivos móveis em 3 frases ou menos:
1) Apresenta estatísticas sobre o crescimento do uso da web móvel e dos dispositivos;
2) Fornece dicas sobre conteúdo, interação, layout e planejamento para sites móveis, enfatizando simplicidade e objetividade;
3) Discutem estratégias de testes em simuladores e navegadores para validar sites móveis.
O documento fornece dicas para o uso efetivo das redes sociais, incluindo monitorar métricas, qualidade de conteúdo, construir relacionamentos e estar presente nas principais plataformas.
O documento discute o uso de mídias sociais pela empresa brasileira WEG para relações com investidores. Ele descreve brevemente a WEG e suas operações globais, introduz o conceito de mídias sociais, e apresenta como a WEG usa plataformas como Twitter, Issuu e SlideShare para se comunicar com investidores. O documento também cita pesquisas mostrando o crescimento do uso de redes sociais e o tempo gasto nelas.
Localiza Rent a Car S.A. reported its 2Q10 results, with net revenues of R$1,855.7 million, a 30.8% increase over 2Q09. EBITDA was R$504.1 million, a 26.3% increase over 2Q09. Localiza has grown organically and through acquisitions since starting in 1973 with 6 used cars, and now operates in 9 countries with over 80,000 vehicles and 458 locations. Localiza has a vertically integrated business platform providing synergies across its car rental, fleet rental, and retail divisions. The company sees opportunities for further growth through market consolidation, outsourcing of corporate fleets, infrastructure investments in Brazil
Localiza is a Brazilian car rental company that was founded in 1973 with 6 used cars. It has since grown significantly and now operates in 9 countries with over 80,000 cars and 458 locations. Some key points:
- Localiza has four integrated business divisions: rental, fleet management, retail, and used car sales. This integrated platform provides synergies.
- In the second quarter of 2010, Localiza opened a new branch at Guarulhos International Airport in Sao Paulo, Brazil.
- The company has a very lean structure with the CEO, COO, and supporting areas assisting the four divisions. Succession is already planned.
- Localiza aims to increase its market leadership
1. The document provides an overview of a car rental company including its business divisions, milestones, integrated business platform, and financial cycle.
2. The company has three main business divisions: car rental, fleet rental, and used car sales (Seminovos).
3. The financial cycle shows that the company acquires cars, rents them out for 1-2 years through its divisions, then sells the used cars through Seminovos, generating a profit each year.
Localiza is the largest car rental company in Brazil, operating car rental, fleet rental, and used car sales divisions. Over its 39 years in business, Localiza has established competitive advantages through its scale in Brazil, experience managing a large fleet of vehicles, and integrated business model. The document reviews Localiza's history, business segments, financial performance, and competitive position in the Brazilian car rental market.
Localiza is the largest car rental company in Brazil, operating car rental, fleet rental, and used car sales divisions. Over its nearly 40 years in business, Localiza has grown organically and through acquisitions to become the market leader in Brazil with over 60,000 vehicles and a presence in over 450 locations across the country. The company benefits from scale advantages in purchasing vehicles, strong brand recognition, and distribution network that allows it to generate higher profitability than competitors.
This document summarizes Carnival Corporation's growth from a single ship company in 1972 to the largest cruise company in the world today operating over 100 ships across multiple brands. It discusses Carnival's portfolio of cruise brands, its market share compared to other regions, and opportunities for continued growth in the Australian market. The document also presents two case studies, one on a past customer service restructure and another on a planned operating model realignment, to examine lessons learned from previous change management efforts and how those lessons are being applied to future planning.
Conferences and Non-deal Roadshow - October 2008Localiza
This document outlines Localiza Rent a Car's 3Q08 results presentation. It discusses Localiza's integrated business platform operating across multiple divisions, the growth opportunities in Brazil's car rental market through consolidation, increasing air traffic and GDP growth, and Localiza's competitive advantages of its large scale, synergies across divisions, and focus on growth with profitability. The presentation also reviews the company's strategies and 3Q financial results.
Conferências e Non-deal Roadshow - Outubro 2008 (inglês)Localiza
This document outlines Localiza Rent a Car's 3Q08 results presentation. It discusses the company's integrated business platform, growth opportunities through GDP elasticity, industry consolidation, and the airport and off-airport car rental markets. It also covers Localiza's competitive advantages which include its scale, brand, technology leadership and young fleet.
Apresentação institucional eng (pp tminimizer)Localiza
Localiza is the largest car rental company in Brazil with over 60,000 vehicles. It has three main divisions: car rental, fleet rental, and used car sales. The company has grown organically and through acquisitions since 1973. It went public in 2005 and has an integrated business platform with synergies across divisions. Localiza holds a leading market share position and benefits from growth in business and leisure air travel in Brazil.
1. The document provides an overview and agenda for a company meeting covering the company's business divisions, consolidated financials, debt and cash position, and key value drivers.
2. The main business divisions of the company are car rental, fleet rental, and used car sales. Car rental is the traditional backbone of the company and forms the foundation for scale benefits.
3. Over decades, the company has successfully competed against major global players in Brazil through strong local scale and presence, holding an extraordinarily dominant position in the Brazilian car rental market.
1. The document provides an overview of a company including its business divisions of car rental, fleet rental, and used car sales.
2. It discusses the company's history and growth through three phases from founding to becoming a large scale operation.
3. Financial details are given showing the integrated business platform and annual financial cycle for fleet rental and used car sales divisions.
This document provides an overview of Localiza's car rental business. Localiza has grown to become the largest car rental company in Brazil, with a 36.5% market share. It has a fleet of over 64,000 vehicles and operates out of 476 locations across 329 cities in Brazil. Localiza has achieved this leading position through decades of successful competition against major global players by leveraging its large local scale. The off-airport car rental market in Brazil remains fragmented, providing opportunities for further growth. Localiza's integrated business platform and competitive advantages around purchasing power, distribution network, and operational experience have enabled it to consistently outperform competitors and generate strong financial results.
The document provides an overview of Localiza's car rental business. Localiza is the largest car rental company in Brazil, with a fleet of 65,086 cars and a presence in 474 locations across the country. It has built scale and brand recognition over 40 years of operations. Localiza has competitive advantages in its ability to purchase large volumes of cars at better prices, leverage its brand and distribution network, and sell used rental cars directly to consumers. While international competitors like Hertz and Avis have a larger airport presence, Localiza dominates the off-airport market in Brazil.
Deutsche Bank Roadshow - 15th Annual Latin America Conference CitibankLocaliza
- Localiza is an integrated car rental company operating in Brazil and other South American countries with 145 agencies and over 15,000 vehicles
- In 2006, the company had net revenues of R$1.145 billion, EBITDA of R$313 million, and net income of R$138.2 million
- Localiza has a large integrated platform that provides competitive advantages through economies of scale, bargaining power, and operational synergies
Localiza Rent a Car S.A. 2Q09 and 1H09 Results
Localiza is a car rental company operating in Brazil and South America with an integrated business platform. In 2Q09:
- Car rental revenues grew 4.8% year-over-year to R$140.8 million despite a challenging environment.
- Fleet rental revenues increased 15.5% to R$76.2 million due to higher volumes and prices.
- The company maintains a large rental fleet of over 41,000 cars across its integrated operations in Brazil and internationally, leveraging synergies across its business divisions.
The Mobile Project. Technology, Standards & ScaleVivastream
This document provides best practices for mobile advertising from Rubicon Project. It discusses keeping calls to action clear and limited, including non-immediate calls to action, keeping videos under 30 seconds, using banner teasers and moderate animation, and leveraging location-based targeting. Specific strategies and case studies are presented to illustrate how these techniques can increase user engagement and advertising metrics.
Localiza Rent a Car S.A. operates an integrated business platform in the car rental industry in Brazil with over 39,000 vehicles, 1.6 million clients, and over 2,500 employees. The presentation discusses the company's competitive advantages, growth opportunities from consolidation in the fragmented off-airport market, elasticity to GDP growth, and increasing credit card usage. It also provides a breakdown of the company's revenues and EBITDA by division for 2008, showing the car rental division as the main contributor.
Localiza Rent a Car S.A. held a public meeting to discuss the company's performance in 2Q06 and outlook. Key points include:
1) The car rental market saw strong growth, with Localiza's car rental business volume increasing 43.3% and fleet rental increasing 33.7%.
2) Localiza achieved a 63.7% increase in car rental EBITDA and 44.5% increase in fleet rental EBITDA, excluding used cars.
3) The company is well positioned for future growth, with competitive advantages from scale, brand strength, and an integrated business platform. Localiza will focus on organic growth and consolidation opportunities to increase business volume.
Conferencesand Non Deal Roadshow October2008Localiza
The document is Localiza Rent a Car's 3Q08 results presentation. It summarizes Localiza's integrated business platform, growth opportunities through GDP growth, market consolidation, and expanding airport and off-airport markets. It highlights Localiza's competitive advantages of scale, distribution network, used car sales expertise, and lower depreciation costs. The presentation shows Localiza growing revenues and market share while maintaining profitability, with 38% revenue growth in 3Q08.
Roadshow Deutsche Bank 15ªConferêNcia Anual Citibank Latam(InglêS)Localiza
Localiza Rent a Car S.A. presented its 2006 results and growth opportunities. Some key highlights:
- Localiza has an integrated business platform with 145 agencies, 15,265 cars, and 1,688 employees, giving it superior performance.
- Growth opportunities include increasing market share in core businesses, expanding in Brazil and South America, and taking advantage of synergies across the platform.
- The company has competitive advantages like its large distribution network, yield management, lower cost of credit, and bargaining power from large fleet purchases.
- In 2006, revenues grew 29% to R$1.145 billion while EBITDA rose 13% to R$313 million, demonstrating strong financial
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.
5. Integrated business platform
41,091 cars 22,047 cars
1.8 million clients 593 clients
206 locations 225 employees
2,709 employees
Synergies:
cost reduction
cross selling
bargaining power
8,358 cars 23,184 cars sold
225 locations in 9 countries 79% sold to final consumer
160 locations in Brazil 42 stores
65 locations in South America 446 employees
16 employees
This integrated business platform gives Localiza flexibility and superior performance
As of 09/30/2009 5
6. Strategy by division
Increase market leadership maintaining high return
Core Businesses
Add value to the brand by expanding the network in Brazil
and South America
Create value taking advantage of the integrated business
platform synergies
Support
Add value to the businesses, reducing depreciation as a
competitive advantage
6
7. Breakdown
Rentals revenues
Revenues EBITDA Net Income
34%
46% 49%
54% 51%
66%
Car rental Fleet rental
Consolidated
Revenues EBITDA Net income
Car rental 34% 51% 55%
Fleet rental 17% 45% 41%
Used car sales 48% 3% *
Franchising 1% 1% 4%
Total 100% 100% 100%
* Used cars losses are allocated in the rental divisions
Date: 09/30/2009
7
8. Ownership breakdown
Founders
13.1% 8.6% 12.8% 8.6% 56.9%
Salim Eugenio Antonio Flavio
Claudio Resende Resende Free-Float
Mattar Mattar
100% 100% 100% 100% 100%
Localiza Rental
Car Rental International
8
9. Company’s structure
BOARD OF DIRECTORS
CEO
Car
Acquisition
Legal
COO
Human Administration
Financial Resources IT
Localiza has a very lean and efficient structure
The supporting areas assist all four businesses’ divisions.
9
10. Agenda
• Company
• Drivers of growth
• Competitive advantages
• Growth with profitability
• 3Q09 and 9M09 Financials
10
11. Growth opportunities
GDP elasticity
Rental divisions 5.9x GDP
Sector: 2.6x GDP
Source: Localiza, ABLA and Central Bank
Consolidation Air traffic
US market: 4 players 95%
BR market: 4 players 40% 8.7% CAGR (2004/2008)
1,893 players 60% Growth forecast between 2% - 5%
Source: Auto Rental News and estimates Source: Infraero, Gol and Tam
Fleet outsourcing Credit cards
Corporate target fleet of 500,000 cars 23.7% CAGR (2004/2008)
Approximately 25% rented 44 mm holders (estimated)
Replacement
Source: Company estimates Source: Abecs and estimates
Around 10 million cars insured
Accident frequency of 15% p.a.
Source: Susep, Denatran and estimates
11
12. Growth opportunities: GDP
Rental revenues accumulated growth rate – rentals
Localiza
5.9x
Sector
2.6x
GDP
2005 2006 2007 2008
GDP (real) Localiza (real) Sector (real)
Localiza’s revenues have been growing 5.9x GDP.
Source: Central Bank, Localiza and ABLA
12
13. Growth opportunities: consolidation
Brazilian car rental agencies
Airport locations Off-airport locations
Localiza
Others Localiza Unidas
277
36 89 72
Avis
63
Hertz
29 Hertz
54
Avis Others
29 Unidas 1889
30
Off-airport market is fragmented among almost 2,000 small local car rental companies
Source: Each company website as of September 30th , 2009
13
14. Consistent market share evolution
38.0%
38.0% 29.4%
33.0%
25.8%
22.4%
2004 2005 2006 2007 2008
Strategy: increase market leadership maintaining high return
Source: ABLA, based on revenues
14
15. Consistent market share evolution
14.0%
14.0% 11.4%
13.0% 13.2%
10.2%
2004 2005 2006 2007 2008
Strategy: create value taking advantage of the integrated business platform synergies
Source: ABLA, based on revenues
15
16. Agenda
• Company
• Drivers of growth
• Competitive advantages
• Growth with profitability
• 3Q09 and 9M09 Financials
16
17. Competitive advantages
Scale
Gains of Know-how Higher
scale Strong brand
Strong values
competitiveness
Integrated platform
Geographical footprint
High corporate governance standards
Used car sales network
Management model
Lower depreciation
Stable Management
Owners involved
Facilities
Rating
Market share
increase
Localiza reached the virtuous cycle
17
18. Competitive advantages: strong values
Mission Mission
To contribute to the success To contribute to the success
of our customers’ business and leisure, of our customers’ business
renting cars with efficiency and friendliness. through an efficient solution in fleet rental.
Principles:
Ethical behavior
Zeal for the image
Search for excellence
Customer valorization
Add value to the company
Recognition of employee performance
Mission Mission
To contribute to the success of our franchisees, To contribute for the success of our customers,
transferring know-how with efficiency and Selling quality pre-owned cars with transparency
promoting solid relationship. and friendliness.
18
19. Competitive advantages: owners involved in the business
BOARD OF DIRECTORS
CEO Salim Mattar
Car
Acquisition
Legal
COO Eugênio Mattar
Human Administration
Financial Resources IT
The succession process is already planned.
19
20. Competitive advantages: stable management
BOARD OF DIRECTORS
CEO Salim Mattar - 36y
Car
Acquisition
Legal
COO Eugênio Mattar – 36y
Human Administration
Financial Resources IT
Gina Rafael – 28y
Aristides
Roberto Mendes – 24y
Newton – 26y
Helvia Barcelos – 22y
Daltro Leite – 24y
Marco Antônio
Guimarães – 19y
20
21. Competitive advantages: know-how
36 years
Raising Buying Renting Selling
money cars cars cars
Since its beginning, Localiza always had strong focus in the business
21
22. Competitive advantages: management model
Business
Values Planning Execution
Vision Stock
Options
Mission Profit
sharing
Objectives Variable
Mgt. Action
Actions Evaluation Reward
contract plan
Management by results: execution with meritocracy
22
23. Competitive advantages: strong brand
34th
Most valuable brand
in Brazil
(Brand Analytics, May 2009)
Best
of transport sector
28 th (Exame, Biggest & Best, July 2009)
Brazilian international
company.
(Ranking FDC, August 2009)*
*by the Fundação Dom Cabral – FDC Index based on foreign sales, assets and employees over total sales, assets and employees 23
24. Competitive advantages: geographical footprint
Nationwide
Nationwide
presence
presence
Strategic
Strategic
locations
locations
International
International
footprint
footprint
431 locations in 9 countries in South America
As of 09/30/2009 24
27. Competitive advantages: used car sales network
42 stores in Brazil
Logistic of distribution
Know-how of used car market
Selling to final consumers in order to
have higher revenue per sold car
Strategy: To add value to the businesses, reducing depreciation as a competitive advantage
27
28. Competitive advantages: used car sales network
Localiza has special network to sell its cars to final consumers
28
29. Competitive advantages: used car sales network
Car sales inventory is used as a buffer for car rental division during peaks of demand
29
30. Localiza’s used car sale division share
2008 Brazilian car sales market
Localiza’s share Total market
0.3% of total car sale market 9,860,000 cars
34,281 0.5% of used car sale market 7,260,000 cars
Cars sold by Localiza in 2008
(Seminovos) 1.3% of new car sale market 2,600,000 cars
5.3% of up to 3-year old car market 644,000 cars
9M09 Brazilian car sales market
Localiza’s share Total market
23,184 0.3% of total car sale market 7,300,916 cars
Cars sold by Localiza in 9M09
0.5% of used car sale market 5,089,495 cars
(Seminovos)
1.0% of new car sale market 2,211,421 cars
4,5% of up to 3-year old car market 520,655 cars
30
31. Competitive advantages: lower depreciation
*
Average depreciation per car - Car rental division
4 ,
0 0 0 .
0
2,546.0
3 2
, 0 0 0
.
2,546.0 2,729.7
1,600.0 1,769.0
1,300.0
2 2
, 0 0 0
.
2 ,
0 0 0 .
0
939.1
492.3
1 2
, 0 0 0
.
322.9 332.9 777.0
2 0 0 0
.
180.0 -
2004 2005 2006 2007 2008 9M09
(190.0)
8
( 0 0 0
. )
1
( 8
, 0 0 0
. )
(1,390.0)
(
2 ,
0 0 0 .
0 )
(3,990.0)
2
( 8
, 0 0 0
. )
3
( 8
, 0 0 0
. ) (
4 ,
0 0 0 .
0 )
Average depreciation Used car gain (loss) + SG&A Impairment (IPI reduction)
2008 and 2009 depreciation were impacted by declining market conditions and IPI reduction.
Average per car 2004 2005 2006 2007 2008 9M09
(-)Purchase price in previous year 16,140 19,960 24,350 25,840 25,650 27,740
Selling price in the year 19,490 23,060 24,770 27,460 27,770 26,010
(-)Used car sales SG&A (7-9%) 1,750 1,800 1,810 1,810 1,940 2,260
(=)Gain (loss) 1,600 1,300 (1,390) (190) 180 (3,990)
In 2010 depreciation shall drop as we are renewing the fleet.
The depreciation is calculated using the estimated sale price in the future (mark to market), net of the sales expenses. 31
32. Competitive advantages: rating
Moody’s debt rating as of Jan/09 (Global scale) S&P corporate credit rating as of Jan/09 (Global scale)
Baa2
BBB
Ba1
Ba3 BB
B1
B3 B
B- B-
Enterprise Localiza Avis Hertz Dollar Thrifty
Enterprise Localiza Hertz Avis Dollar Thrifty
Moody’s corporate rating as of Dec/09 (Local Currency) Standard & Poors as of Dec/09 (Local Currency)
Localiza Rent a Car S.A Aa2.br Localiza Rent a Car S.A brAA-
Braskem S.A. Aa2.br Braskem S.A brAA+
Magnesita Refratários S.A. Ba2.br Magnesita Refratários S.A. brA-
Gafisa S.A. A1.br Gafisa S.A. brA-
CEMIG Aa1.br Brasil Telecom S.A brAAA
Duke Energy Aa2.br
Duke Energy brAA-
Brasil Telecom S.A Aa1.br
Lupatech brA-
Lupatech Baa3.br Tam brA
Localiza has one of the best ratings among its international peers
S&P and Moody’s reassured Localiza’s rating in 2009.
32
33. Competitive advantages: scale
Locations in Brazil Cities in Brazil
366
261
268
189
74
92 50
59
102
79
Localiza* Unidas Hertz Avis
Localiza Unidas Hertz Avis
Localiza network is larger than the second, the third and the fourth competitors combined
Source: Each company website as of September 30th , 2009
33
34. Competitive advantages: high standards of governance
Listed at “Novo Mercado” of Bovespa
Elected Excellence in Corporate Finance Company
(IBEF – Brazilian Institute of Finance Executives of Minas Gerais)
Elected “the most shareholder-friendly” company
(Institutional Investor Magazine - 2008)
Elected twice the best company in corporate governance
(Capital Aberto Magazine)
Elected twice the best CEO of a small-cap
(Institutional Investor Magazine)
34
35. Agenda
• Company
• Drivers of growth
• Competitive advantages
• Growth with profitability
• 3Q09 and 9M09 Financials
35
45. Depreciation per car
Car rental division (R$)
3,763.3
2,546.0 2,729.7
1,133.4
939.1 777.0
322.9 492.3 332.9
2004 2005 2006 2007 2008 9M08 9M09 3Q08 3Q09
annualized
Fleet rental division (R$)
6,238.6
5,083.1 4,622.9
2,981.3 2,552.1 2,670.1
2,383.3 2,395.8
1,845.5
2004 2005 2006 2007 2008 9M08 9M09 3Q08 3Q09
annualized
The launching of 2010 models impacted the 3Q09 depreciation.
45
46. Net income
Net income (R$ millions)
190.2
157.2 - 50
138.2 127.4 .4 %
106.5 - 58
90.6 .9%
78.0 50.1
20.6
2004 2005 2006 2007 2008 9M08 9M09 3Q08 3Q09
Reconciliation of EBITDA x Net Income 9M08 9M09 Var. R$ 3Q08 3Q09 Var. R$
EBITDA - Car rental and fleet rental 327.0 331.2 4.2 115.6 111.3 (4.3)
EBITDA - Used car sales 51.3 9.7 (41.6) 18.3 5.0 (13.3)
EBITDA Consolidated 378.3 340.9 (37.4) 133.9 116.3 (17.6)
Depreciation of revenue-earning vehicles (53.2) (132.2) (79.0) (22.9) (62.1) (39.2)
Other depreciation (13.3) (15.9) (2.6) (4.7) (5.3) (0.6)
Financial expenses, net (88.8) (88.3) 0.5 (36.1) (22.8) 13.3
Income tax and social contribution (65.8) (26.5) 39.3 (20.1) (5.5) 14.6
Net income 157.2 78.0 (79.2) 50.1 20.6 (29.5)
Main impacts on results: drop of Seminovos’ EBITDA and increase of fleet depreciation.
46
47. Free cash flow - FCF
FCF before growth (R$ million)
395.2
250.7 205.7
118.2
52.0 58.2
2004 2005 2006 2007 2008 9M09
Free cash flow - R$ millions 2004 2005 2006 2007 2008 9M09
EBITDA 197.5 277.9 311.3 403.5 504.1 340.9
Used car sales revenues (303.0) (448.2) (590.3) (853.2) (983.2) (625.6)
Cost of used car sales 248.7 361.2 530.4 760.0 874.5 576.9
EBITDA without used car sales revenues and costs 143.2 190.9 251.4 310.3 395.4 292.2
(-) Income tax and social contribution – current (40.9) (32.7) (42.7) (63.4) (52.8) (37.5)
Working capital variation 6.2 (24.2) (4.8) 13.3 (44.8) (32.7)
Cash provided before capex 108.5 134.0 203.9 260.2 297.8 222.0
Used car sales revenues 303.0 448.2 590.3 853.2 983.2 625.6
Capex of car – renewal (349.3) (496.0) (643.3) (839.0) (1.035.4) (625.7)
Change in amounts payable to car suppliers (capex) - - - - - 186.3
Net capex for renewal (46.3) (47.8) (53.0) 14.2 (52.2) 186.2
Capex - Property and equipment, net (10.2) (28.0) (32.7) (23.7) (39.9) (13.0)
Free cash flow before growth 52.0 58.2 118.2 250.7 205.7 395.2
Capex of car – growth (143.8) (194.0) (287.0) (221.9) (299.9) (36.0)
Change in amounts payable to car suppliers (capex) (21.9) (25.5) 222.0 (51.0) (188.9) 36.0
Free cash flow (113.7) (161.3) 53.2 (22.2) (283.1) 395.2
47
48. Net debt reconciliation
Free cash flow
395.2
Net debt Net debt
12/31/2008 -30.9 -58.5 09/30/2009
-1,254.5 -948.7
Dividends Interest
R$305.8 million net debt reduction YTD.
48
49. Debt ratios
(R$ million)
1,752.6 1,687.6
1,492.9
1,247.7 1.254,5
900,2 948.7
765.1
612,2 535,8 440.4
281,3
2004 2005 2006 2007 2008 9M09
Net debt Fleet value
BALANCE AT THE END OF THE PERIOD 2004 2005 2006 2007 2008 9M09
Net debt / Fleet value (USGAAP) 46% 60% 36% 51% 72% 56%
Net debt / EBITDA (USGAAP) 1.4x 1.9x 1.4x 1.9x 2.5x 2.1x(*)
Net debt / EBITDA (BRGAAP) 1.1x 1.5x 1.0x 1.3x 1.8x 1.5x(*)
Net debt / Equity (USGAAP) 1.0x 1.4x 0.7x 1.3x 2.0x 1.4x
(*) annualized
Indebtedness ratios have improved significantly on the 9M09 over 2008.
49
50. Debt profile
(Principal)
On 09/30/09 – R$ million
350.9
205.4 210.0 209.6
166.8
100.0
0.2
2010 2011 2012 2013 2014 2015
359.8
cash
200,0*
559.8
Proforma – R$ million
255.4 251.7
209.6
166.8
100.0
0.2 9.2
109.8
2010 2011 2012 2013 2014 2015
cash
100.0*
Pro forma considers the debentures’ early redemption and the fund raising of R$ 100 millions
209.8
* Limited amount approved by BNDES / PEC 50
51. RENT3 Performance
R E N T 3 X IB O V E SP A P e rf o rm a nc e
25
2005 2006 2007 2008 2009 200
180
20 160
140
15 120 362%
100
10 80
60 154%
5 40
20
0 0
Vo lume RENT3 RENT3 IB OVESP A
9M09: RENT3 +149% x +64% IBOV
Average daily volume (R$ millions) Average daily volume (# shares)
%
13,5 75.0 14,7
48.3
%
956,4 961,7
10,6 10,7 829,7
8,4 729,5 687,5 648,7
4,6 4% 385,4
3,1 37 0%
15
2005 2006 2007 2008 1Q09 2Q09 3Q09 2005 2006 2007 2008 1Q09 2Q09 3Q09
Record daily amount and number of shares traded in the 3Q09
51
52. Macroeconomic scenario
4.8% GDP growth in 2010 (Bacen/Focus, in 10/09/09)
5.6% real interest rate in 2010 (Bacen/Focus, in 10/09/09)
Strong infrastructure investments
Pre-salt oil exploration in the seashore
2014 Soccer World Cup in Brazil
2016 Olympic Games at Rio de Janeiro
52
53. Car market scenario
Car Market
2.000 1.997 1.925
1.991
1.818 1.808 1.754
1.675 1.707 1.671
1.600 1.624
1.494
1.200
781 852
689 721 758
624 617 668
800 559 575
469
400
-
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09
Used car market New car market
The used car market is following the recovery trend of the new car market.
Source: Anfavea e Fenabrave 53
54. Managing the Company as an asset management business
Equity
Asset (cars)
Funding
Debt Profitability comes from Cash to renew fleet
rental divisions
54
56. 2010 Forecast - Car rental financial cycle
1-year cycle
Funding (PV) Net car sale revenue
$25.5 $24.0
Revenue: 19.0
1 2 3 4 5 Expenses: (11.3) 8 9 10 11 12
$25.5
Car acquisition
$28.3 Kd = $1.8
Ke = $1.0
Funding (FV)
$2.8
C ar renta l U se d ca rs T otal
Pe r o peratin g ca r P e r s o ld c ar 1 Y ear
R$ % R$ % R$
Re ven u es 19.0 100 .0% 25. 5 1 00.0 % 44. 5
Add iti o nal rev en u e 0. 5 2.0 % 0. 5
Co st (8.8 ) -46 .3% (8. 8)
SG & A (2.3 ) -12 .1% (2. 0) -7.8 % (4. 3)
Ne t car s ale rev enu e 24. 0 94.1 % 24. 0
Bo ok v alue o f ca r s ale (23. 5) -92.2 % (23. 5)
E B ITD A 7.9 41 .6% 0. 5 2.0 % 8. 4
De p recia tion (no n-ve h icle ) (0.5 ) -2 .4% (0. 5)
De p recia tion (v ehic le) (1. 1) -4.3 % (1. 1)
In teres t o n de bt (0.0 ) (1. 7) -6.7 % (1. 7)
Tax (2.2 ) -11 .7% 0. 7 2.7 % (1. 5)
N E T I NC O M E 5.2 27 .4% (1. 6) -6.3 % 3. 6
Re turn on a sse t 14.2 %
56
57. 2009 Forecast - Fleet rental financial cycle
Current Scenario
Funding (PV) Net car sale revenue
2-year cycle 26.6
33.8
Revenue: 29.8
1 2 3 4 5 Expenses: (10.3) 20 21 22 23 24
33.8
Car acquisition 40.6 Kd = $4.7
Ke = $2.1
Funding (FV)
$6.8
Fleet rental Used cars Total
Per operating car Per sold car 2 Years 1Year
R$ % R$ % R$ R$
Revenues 31,3 100,0% 28,1 100,0% 59,4 29,7
Additional revenue 0,6 2,2% 0,6 0,3
Cost (8,4) -27,0% (8,4) (4,2)
SG&A (2,0) -6,4% (2,1) -7,5% (4,1) (2,0)
Net car sale revenue 26,6 94,7% 26,6 13,3
Book value of car sale (26,0) -92,7% (26,0) (13,0)
EBITDA 20,8 66,6% 0,6 2,1% 21,4 10,7
Depreciation (non-vehicle) (0,2) -0,5% 0,0 (0,2) (0,1)
Depreciation (vehicle) (6,6) -23,5% (6,6) (3,3)
Interest on debt (4,7) -16,7% (4,7) (2,4)
Tax (6,2) -19,8% 3,2 11,4% (3,0) (1,5)
NET INCOME 14,5 46,3% (7,5) -26,7% 7,0 3,5
Return on asset 10,3%
57