Here are the key points about the PMI - Greater Florianópolis urban mobility project:
- It involves connecting the city of Florianópolis with the continental region of Santa Catarina through an integrated public transportation system.
- The project includes bus rapid transit (BRT) lines, expansion of the Florianópolis subway, integration of various modes of transportation, and infrastructure works.
- The concession model involves investments, operation and maintenance by the private sector for 30 years.
- Total estimated investments are R$4.5 billion, to be sourced from the private partner, BNDES, national and state governments.
- The project aims to improve mobility in Greater Florian
The presentation outlines CCR's evolution from its founding through the present, and discusses its future potential. It describes how CCR overcame past challenges to consolidate its structure and governance, generating strong returns. It highlights CCR's favorable position given competitive and macroeconomic environments. Going forward, CCR aims to strengthen strategic planning, develop its people, increase contract lengths, maximize new investment profits, and maintain dividend distributions, to achieve a higher level.
1) Gafisa reported financial results for the second quarter of 2009 with net revenues increasing 54% year-over-year to R$706 million and adjusted EBITDA growing 69% to R$142 million.
2) Pre-sales increased 9% to R$835 million despite a 56% reduction in launches based on a conservative strategy. Inventory was reduced with sales velocity reaching 24%.
3) The company has a diversified and high-quality land bank of over 122,000 potential units across Brazil, with 73% acquired through land swaps, providing a strong platform for future growth.
CR2's 2Q09 results showed improvements over 1Q09, with contracted sales up 95% and net revenue up 39%. The company benefited from increased disbursements under Brazil's Minha Casa Minha Vida program and a more normalized credit market. CR2 is well positioned for future growth with projects ready for launch and low leverage compared to peers. The company expects new launches in the second half of 2009 to reaccelerate growth.
Cyrela - Corporate Presentation - August 2009Cyrela
The document is a company presentation from Cyrela Brazil Realty outlining the company's performance in 2Q09. Some key highlights include record net income and sales speed returning to pre-crisis levels. Guidance is given for 2009-2010 with planned launches between $4.6-5.1 billion in 2009 and $6.9-7.7 billion in 2010. Several new projects are outlined and financial information on pre-sales, landbank, and financing is provided. Living, Cyrela's affordable housing division, is also summarized, with details of recent and planned launches.
This presentation discusses the capital structure, market potential, and growth of CCDI, a Brazilian real estate development company. Key points include:
- CCDI had an IPO in January 2007 that raised R$522 million and today has a market capitalization of R$1.1 billion.
- The company has diversified its real estate portfolio across multiple regions and housing segments of Brazil.
- Favorable economic conditions like low interest rates and a growing middle class are increasing the market potential for real estate in Brazil. Government support for housing is also helping drive growth.
- Between 2003-2007, CCDI launched over 20 real estate projects with a 178% increase in launchings from 2006
KIVALLIQ ENERGY CORPORATION (KIV: TSX-V) is a uranium exploration and development
company based in Vancouver, Canada and the first company to sign a comprehensive agreement to explore for uranium
on Inuit Owned Lands in Nunavut Territory, Canada. With a NI 43-101 Inferred Resource of 27.13 million pounds at 0.69%
U3O8, the Lac Cinquante Deposit is Canada's highest grade uranium deposit outside of the Athabasca Basin. Kivalliq's
flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with
multiple, highly mineralized target areas.
Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting
systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and 48,000 metres
of drilling. Kivalliq's team of northern exploration specialists has forged strong relationships with sophisticated resource
sector investors and project partner Nunavut Tunngavik Inc. ("NTI") to advance the Angilak Property. e Company is
focused on building shareholder value while adhering to a high level of environmental and safety standards and proactive
local community engagement. | visit www.kivalliqenergy.com
The document discusses Royal Gold's growth in 2010 through acquisitions that increased assets by over $1 billion. It acquired royalty interests in the Andacollo, Pascua-Lama, Voisey's Bay, and Mt. Milligan mines. Royal Gold's portfolio now includes interests in 59 producing mines and has a large precious metals exposure. Its cornerstone assets including Peñasquito, Andacollo, Pascua-Lama, Voisey's Bay and Mt. Milligan have long mine lives of 15-25 years. Royal Gold has achieved a diversified, world class portfolio with low-cost operators and reserves located primarily in the Americas. It has an attractive business model with
1. Lopes' 1Q10 conference call presentation reviewed operational and financial results.
2. Operationally, contracted sales totaled R$2.5 billion in 1Q10, up 80% from 1Q09. Lopes sold over 10,000 units in Brazil in 1Q10, up 89% from 1Q09.
3. Financially, net revenue was R$63 million in 1Q10, up 82% from 1Q09. Pro-forma EBITDA was R$22.4 million in 1Q10, up 293% from 1Q09. Pro-forma net income was R$12.4 million in 1Q10, up 296%
The presentation outlines CCR's evolution from its founding through the present, and discusses its future potential. It describes how CCR overcame past challenges to consolidate its structure and governance, generating strong returns. It highlights CCR's favorable position given competitive and macroeconomic environments. Going forward, CCR aims to strengthen strategic planning, develop its people, increase contract lengths, maximize new investment profits, and maintain dividend distributions, to achieve a higher level.
1) Gafisa reported financial results for the second quarter of 2009 with net revenues increasing 54% year-over-year to R$706 million and adjusted EBITDA growing 69% to R$142 million.
2) Pre-sales increased 9% to R$835 million despite a 56% reduction in launches based on a conservative strategy. Inventory was reduced with sales velocity reaching 24%.
3) The company has a diversified and high-quality land bank of over 122,000 potential units across Brazil, with 73% acquired through land swaps, providing a strong platform for future growth.
CR2's 2Q09 results showed improvements over 1Q09, with contracted sales up 95% and net revenue up 39%. The company benefited from increased disbursements under Brazil's Minha Casa Minha Vida program and a more normalized credit market. CR2 is well positioned for future growth with projects ready for launch and low leverage compared to peers. The company expects new launches in the second half of 2009 to reaccelerate growth.
Cyrela - Corporate Presentation - August 2009Cyrela
The document is a company presentation from Cyrela Brazil Realty outlining the company's performance in 2Q09. Some key highlights include record net income and sales speed returning to pre-crisis levels. Guidance is given for 2009-2010 with planned launches between $4.6-5.1 billion in 2009 and $6.9-7.7 billion in 2010. Several new projects are outlined and financial information on pre-sales, landbank, and financing is provided. Living, Cyrela's affordable housing division, is also summarized, with details of recent and planned launches.
This presentation discusses the capital structure, market potential, and growth of CCDI, a Brazilian real estate development company. Key points include:
- CCDI had an IPO in January 2007 that raised R$522 million and today has a market capitalization of R$1.1 billion.
- The company has diversified its real estate portfolio across multiple regions and housing segments of Brazil.
- Favorable economic conditions like low interest rates and a growing middle class are increasing the market potential for real estate in Brazil. Government support for housing is also helping drive growth.
- Between 2003-2007, CCDI launched over 20 real estate projects with a 178% increase in launchings from 2006
KIVALLIQ ENERGY CORPORATION (KIV: TSX-V) is a uranium exploration and development
company based in Vancouver, Canada and the first company to sign a comprehensive agreement to explore for uranium
on Inuit Owned Lands in Nunavut Territory, Canada. With a NI 43-101 Inferred Resource of 27.13 million pounds at 0.69%
U3O8, the Lac Cinquante Deposit is Canada's highest grade uranium deposit outside of the Athabasca Basin. Kivalliq's
flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with
multiple, highly mineralized target areas.
Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting
systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and 48,000 metres
of drilling. Kivalliq's team of northern exploration specialists has forged strong relationships with sophisticated resource
sector investors and project partner Nunavut Tunngavik Inc. ("NTI") to advance the Angilak Property. e Company is
focused on building shareholder value while adhering to a high level of environmental and safety standards and proactive
local community engagement. | visit www.kivalliqenergy.com
The document discusses Royal Gold's growth in 2010 through acquisitions that increased assets by over $1 billion. It acquired royalty interests in the Andacollo, Pascua-Lama, Voisey's Bay, and Mt. Milligan mines. Royal Gold's portfolio now includes interests in 59 producing mines and has a large precious metals exposure. Its cornerstone assets including Peñasquito, Andacollo, Pascua-Lama, Voisey's Bay and Mt. Milligan have long mine lives of 15-25 years. Royal Gold has achieved a diversified, world class portfolio with low-cost operators and reserves located primarily in the Americas. It has an attractive business model with
1. Lopes' 1Q10 conference call presentation reviewed operational and financial results.
2. Operationally, contracted sales totaled R$2.5 billion in 1Q10, up 80% from 1Q09. Lopes sold over 10,000 units in Brazil in 1Q10, up 89% from 1Q09.
3. Financially, net revenue was R$63 million in 1Q10, up 82% from 1Q09. Pro-forma EBITDA was R$22.4 million in 1Q10, up 293% from 1Q09. Pro-forma net income was R$12.4 million in 1Q10, up 296%
The document discusses public-private partnerships (PPPs) for infrastructure development in Chile and Peru. It outlines Chile's institutional framework for PPPs, including the project cycle and key agencies involved. It also discusses elements that facilitate PPP financing in Chile, such as long-term minimum revenue guarantees and risk allocation mechanisms. For Peru, the document describes the PPP project cycle and institutions, and notes that additional credit enhancement is often needed to attract long-term institutional investors to PPP projects.
This document provides an overview of Lear Corporation's fourth quarter and full year 2006 financial results and 2007 financial guidance. Some key highlights from 2006 include improved overall financial results and liquidity, comprehensive restructuring actions, expanded infrastructure in Asia and growing Asian sales, continued diversification of sales across regions and customers, and maintaining strong market positions in core products like seating systems. The interior business was also repositioned for future success through equity investments in separate interior-focused companies.
Primero corporate presentation june finalPrimeromine
The document discusses Primero Mining Corp.'s acquisition of the San Dimas gold-silver mine from Goldcorp Inc. for $489 million in 2010. It achieved strong production and financial results in subsequent quarters, with earnings from operations of $13.25 million in Q4 2010. Primero aims to further optimize operations and increase production at San Dimas through continued development, exploration and infrastructure investments over the next few years.
Q2 2007 Motorola Inc. Earnings Conference Call Presentationfinance7
Motorola held an earnings conference call on July 19, 2007 to discuss its Q2 2007 financial results. It reported a GAAP operating loss of $158 million for Q2 2007, compared to a loss of $366 million in Q1 2007. However, excluding special items, its operating loss was $32 million for Q2 2007. Mobile Devices continued to face challenges, with an operating loss of $332 million for the quarter. However, Home and Networks Mobility reported solid results with an operating income of $191 million. Enterprise Mobility Solutions also performed well with an operating income of $303 million. Motorola emphasized its commitment to reducing costs and improving profitability across all business units.
ежегодная конференция Bcp securities для инвесторов москва, 100609evraz_company
Evraz Group is a leading global steel and mining company. In 2008, the company expanded its presence in international markets through acquisitions and organic growth. While revenue increased 58% due to strategic acquisitions and pricing trends, net profit declined 11% due to extraordinary charges. Looking ahead, Evraz aims to enhance its leadership position and cost advantage through further vertical integration and cost reduction initiatives.
The document provides a presentation of TIM Participações S.A.'s 4Q09 results. Some key points:
1) TIM Brasil has undergone a repositioning track over the past 15 months to reverse client losses and return to growth, focusing on offer innovation, quality recovery, and efficiency savings of over R$1 billion.
2) 4Q09 results show signs of turnaround with growing subscriber base, traffic, ARPU and revenues increasing quarter-over-quarter. EBITDA margin expanded to 28.2% in 4Q09.
3) For the full year 2009, EBITDA increased 5.6% and net profit grew 29% compared to 2008,
- Revenue grew 6% to £883 million in the first half, with retail revenue up 10% and wholesale revenue up 5%. Adjusted profit before tax grew 7% to £173 million.
- The company continued investing in flagship markets like Hong Kong, Milan, and London. Wholesale revenue growth was cautious for the second half.
- Gross margin increased 250 basis points to 69.2% driven by retail growth, price increases, and currency benefits. Operating expenses grew 11% due to new store openings and investments.
- Net cash decreased to £237 million after dividend payments, share purchases, and capital expenditures remaining unchanged at £180-200 million for the full year.
The document summarizes the results of a public meeting for Santander. It discusses Santander's operations globally as the largest bank in Spain and Latin America, with a presence in over 40 countries and 169,000 employees worldwide. In Brazil specifically, Santander has seen significant growth and results, benefiting from Brazil's economic prowess and social developments like a growing middle class. Santander's Brazilian operations play an important role in the overall group.
- Operating revenue for the quarter ended March 31, 2006 was Rs. 278 crore, up 34% from the previous quarter and 26% from the same quarter last year. Total revenue was Rs. 279 crore, up 32% and 25% respectively.
- Operating profit for the quarter was Rs. 16.6 crore, up 37% from the previous quarter. Profit before tax was Rs. 14.3 crore, up 8% from last quarter. Profit after tax was Rs. 9.9 crore, down 18% from last quarter.
- Manpower productivity improved 18% from the previous quarter.
Gafisa had a strong year in 2007, with several highlights:
1) It acquired AlphaVille Urbanismo, Brazil's largest urban developer, expanding its presence to 35 new cities.
2) It listed on the New York Stock Exchange, becoming the only Brazilian residential developer listed in the US.
3) It acquired 70% of Cipesa, allowing it to operate in the states of Alagoas and Sergipe.
4) It launched several new initiatives like Bairro Novo, Fit Residencial, and a new mortgage product.
First Quantum has a solid track record of operational and financial results, having developed five mines within nine years on schedule and budget. It is tripling its copper production capacity to over 1 million tonnes annually by investing approximately $5 billion in growth projects through 2016. This will position First Quantum as one of the largest copper and nickel producers globally.
1) Group CR2 reported a net profit of R$1.3mm in 1Q09, higher than the R$486,000 profit in 1Q08, with initiatives focused on preserving cash.
2) Contracted sales in 1Q09 were R$24mm, up 55% over 4Q08, with CR2's share at R$19mm, up 52% over 4Q08. Sales improved further in April 2009.
3) Inventory levels declined to R$238.6mm in 1Q09 from R$257.7mm in 4Q08, with a sales over supply ratio of 7.4%, as the company focused on reducing inventories without new launches
The document outlines MMX's 2010 financial results, which showed record sales volumes, revenues, profits, and the company's first ever positive EBITDA of R$120.6 million. An audit of MMX's resources by SRK Consulting estimated total measured, indicated and inferred resources of 1.466 billion metric tons across various sites. The document also lists the next steps in MMX's planned voluntary takeover offer for PortX shares.
This document provides an overview of Detour Gold Corporation as Canada's next intermediate gold producer. Key points include:
- Detour Gold owns the Detour Lake open pit mine in Ontario, Canada which began production in 2013.
- The mine has 15.6 million ounces of gold reserves and Detour Gold plans to optimize operations and pursue organic growth.
- Detour Gold completed construction of the Detour Lake mine within 27 months of acquiring the project in 2007, bringing it from discovery to production faster than typical timelines.
- In 2013, Detour Gold's objectives are to achieve commercial production, produce over 350,000 ounces of gold, and advance studies on expanding the mine.
Merrill lynch russia metals & mining investor fieldtrip 310709evraz_company
Evraz Group presented its business highlights for 2008 and the first half of 2009. Key points include:
1) In 2008, Evraz expanded its presence in international flat and tubular markets through strategic acquisitions in North America, grew its vanadium segment revenues and EBITDA, and enhanced its cost leadership position.
2) For H1 2009, Evraz reduced its debt by $1.5 billion from year-end 2008 levels and raised $965 million through a concurrent equity and convertible bond offering in July 2009.
3) Evraz has implemented extensive cost reduction programs and optimised capital expenditures to maintain production through 2009-2010 at lower costs despite difficult market conditions. Capacity utilization
1. PDG Realty reported strong operational and financial results for 1Q09, with contracted sales reaching R$420 million and net revenue increasing 36% to R$312 million.
2. The company launched R$472 million worth of projects in 1Q09, with 79% in the low income segment. PDG Realty's landbank grew 13% to R$7 billion.
3. For 2009, PDG Realty revised its launch guidance upward to R$2.8-3.5 billion from R$2-3 billion previously, to capture opportunities from the new housing program.
This document provides an overview and corporate presentation for Cabo Drilling Corp. Key points include:
- Cabo is a mineral drilling services company operating over 100 drill rigs across North America, Central America, and Europe.
- Revenue declined after 2008 but has increased 50% from 2010 to $43.42 million in 2011, with a target of reaching the 2008 high of $58.65 million in 2012.
- The company aims to expand its global market presence and improve operational efficiencies while maintaining a strong focus on safety and community relations.
The document provides an overview of Emerson's strategic imperatives and actions to strengthen its business platforms, pursue technology leadership, globalize assets, and drive business efficiency. It discusses operating performance targets, regional sales and employment figures, and initiatives to improve supply chain management through digitization and optimized transportation programs.
Morgan Stanley Basic Materials Conferencefinance10
This document provides an overview of 3M's performance in 2005 and outlook for 2006 from the perspective of Pat Campbell, 3M's Senior Vice President and Chief Financial Officer, at the Morgan Stanley 2006 Basic Materials Conference.
Key highlights from 2005 include sales growth of 5.8% to $21.2 billion, EPS growth of 13.6% to $4.26, operating income growth of 9.4% to $5 billion, and economic profit growth of 11.3% to $2 billion. All business segments achieved positive organic local currency sales growth.
For 2006, 3M plans over $10 million in growth investments, primarily aimed at organic growth, and a 15% increase in capital expenditures.
This annual report provides an overview of Lloyd's performance in 2006 including:
- Lloyd's achieved a profit before tax of £3,662m and a strong combined ratio of 83.1% due to a benign claims environment and rate increases in some business lines.
- The report discusses Lloyd's strategy to deliver its vision of being the "platform of choice" through initiatives focused on efficiency, customer service, and attracting new entrants.
- Lloyd's continued progress on key reforms including exceeding its 85% contract certainty target and implementing electronic repositories for claims and back office processing.
This document provides an overview and agenda for a PBG presentation. It includes a snapshot of PBG highlighting their employees, brands, and financial track record. It discusses the evolving landscape facing consumers and the beverage industry. The strategic priorities to drive shareholder value are refreshing and repositioning the brand portfolio, transforming performance through operating excellence, and capitalizing on geographic growth opportunities. Guidance for 2009 anticipates low single-digit top-line and profit growth due to currency pressures but strong cash flow and liquidity.
The document outlines an agenda and presentations for a conference on choosing new paths and winning new challenges in the toll road concession industry in Brazil. It provides an overview of CCR's current portfolio of toll road concessions in Brazil, the performance of its engineering and administrative subsidiaries, and its strategic focus on growing its business in Brazil through new toll road concessions and related opportunities. CCR aims to maintain its leadership in the industry while pursuing qualified new contracts and related businesses to create additional value.
The document discusses public-private partnerships (PPPs) for infrastructure development in Chile and Peru. It outlines Chile's institutional framework for PPPs, including the project cycle and key agencies involved. It also discusses elements that facilitate PPP financing in Chile, such as long-term minimum revenue guarantees and risk allocation mechanisms. For Peru, the document describes the PPP project cycle and institutions, and notes that additional credit enhancement is often needed to attract long-term institutional investors to PPP projects.
This document provides an overview of Lear Corporation's fourth quarter and full year 2006 financial results and 2007 financial guidance. Some key highlights from 2006 include improved overall financial results and liquidity, comprehensive restructuring actions, expanded infrastructure in Asia and growing Asian sales, continued diversification of sales across regions and customers, and maintaining strong market positions in core products like seating systems. The interior business was also repositioned for future success through equity investments in separate interior-focused companies.
Primero corporate presentation june finalPrimeromine
The document discusses Primero Mining Corp.'s acquisition of the San Dimas gold-silver mine from Goldcorp Inc. for $489 million in 2010. It achieved strong production and financial results in subsequent quarters, with earnings from operations of $13.25 million in Q4 2010. Primero aims to further optimize operations and increase production at San Dimas through continued development, exploration and infrastructure investments over the next few years.
Q2 2007 Motorola Inc. Earnings Conference Call Presentationfinance7
Motorola held an earnings conference call on July 19, 2007 to discuss its Q2 2007 financial results. It reported a GAAP operating loss of $158 million for Q2 2007, compared to a loss of $366 million in Q1 2007. However, excluding special items, its operating loss was $32 million for Q2 2007. Mobile Devices continued to face challenges, with an operating loss of $332 million for the quarter. However, Home and Networks Mobility reported solid results with an operating income of $191 million. Enterprise Mobility Solutions also performed well with an operating income of $303 million. Motorola emphasized its commitment to reducing costs and improving profitability across all business units.
ежегодная конференция Bcp securities для инвесторов москва, 100609evraz_company
Evraz Group is a leading global steel and mining company. In 2008, the company expanded its presence in international markets through acquisitions and organic growth. While revenue increased 58% due to strategic acquisitions and pricing trends, net profit declined 11% due to extraordinary charges. Looking ahead, Evraz aims to enhance its leadership position and cost advantage through further vertical integration and cost reduction initiatives.
The document provides a presentation of TIM Participações S.A.'s 4Q09 results. Some key points:
1) TIM Brasil has undergone a repositioning track over the past 15 months to reverse client losses and return to growth, focusing on offer innovation, quality recovery, and efficiency savings of over R$1 billion.
2) 4Q09 results show signs of turnaround with growing subscriber base, traffic, ARPU and revenues increasing quarter-over-quarter. EBITDA margin expanded to 28.2% in 4Q09.
3) For the full year 2009, EBITDA increased 5.6% and net profit grew 29% compared to 2008,
- Revenue grew 6% to £883 million in the first half, with retail revenue up 10% and wholesale revenue up 5%. Adjusted profit before tax grew 7% to £173 million.
- The company continued investing in flagship markets like Hong Kong, Milan, and London. Wholesale revenue growth was cautious for the second half.
- Gross margin increased 250 basis points to 69.2% driven by retail growth, price increases, and currency benefits. Operating expenses grew 11% due to new store openings and investments.
- Net cash decreased to £237 million after dividend payments, share purchases, and capital expenditures remaining unchanged at £180-200 million for the full year.
The document summarizes the results of a public meeting for Santander. It discusses Santander's operations globally as the largest bank in Spain and Latin America, with a presence in over 40 countries and 169,000 employees worldwide. In Brazil specifically, Santander has seen significant growth and results, benefiting from Brazil's economic prowess and social developments like a growing middle class. Santander's Brazilian operations play an important role in the overall group.
- Operating revenue for the quarter ended March 31, 2006 was Rs. 278 crore, up 34% from the previous quarter and 26% from the same quarter last year. Total revenue was Rs. 279 crore, up 32% and 25% respectively.
- Operating profit for the quarter was Rs. 16.6 crore, up 37% from the previous quarter. Profit before tax was Rs. 14.3 crore, up 8% from last quarter. Profit after tax was Rs. 9.9 crore, down 18% from last quarter.
- Manpower productivity improved 18% from the previous quarter.
Gafisa had a strong year in 2007, with several highlights:
1) It acquired AlphaVille Urbanismo, Brazil's largest urban developer, expanding its presence to 35 new cities.
2) It listed on the New York Stock Exchange, becoming the only Brazilian residential developer listed in the US.
3) It acquired 70% of Cipesa, allowing it to operate in the states of Alagoas and Sergipe.
4) It launched several new initiatives like Bairro Novo, Fit Residencial, and a new mortgage product.
First Quantum has a solid track record of operational and financial results, having developed five mines within nine years on schedule and budget. It is tripling its copper production capacity to over 1 million tonnes annually by investing approximately $5 billion in growth projects through 2016. This will position First Quantum as one of the largest copper and nickel producers globally.
1) Group CR2 reported a net profit of R$1.3mm in 1Q09, higher than the R$486,000 profit in 1Q08, with initiatives focused on preserving cash.
2) Contracted sales in 1Q09 were R$24mm, up 55% over 4Q08, with CR2's share at R$19mm, up 52% over 4Q08. Sales improved further in April 2009.
3) Inventory levels declined to R$238.6mm in 1Q09 from R$257.7mm in 4Q08, with a sales over supply ratio of 7.4%, as the company focused on reducing inventories without new launches
The document outlines MMX's 2010 financial results, which showed record sales volumes, revenues, profits, and the company's first ever positive EBITDA of R$120.6 million. An audit of MMX's resources by SRK Consulting estimated total measured, indicated and inferred resources of 1.466 billion metric tons across various sites. The document also lists the next steps in MMX's planned voluntary takeover offer for PortX shares.
This document provides an overview of Detour Gold Corporation as Canada's next intermediate gold producer. Key points include:
- Detour Gold owns the Detour Lake open pit mine in Ontario, Canada which began production in 2013.
- The mine has 15.6 million ounces of gold reserves and Detour Gold plans to optimize operations and pursue organic growth.
- Detour Gold completed construction of the Detour Lake mine within 27 months of acquiring the project in 2007, bringing it from discovery to production faster than typical timelines.
- In 2013, Detour Gold's objectives are to achieve commercial production, produce over 350,000 ounces of gold, and advance studies on expanding the mine.
Merrill lynch russia metals & mining investor fieldtrip 310709evraz_company
Evraz Group presented its business highlights for 2008 and the first half of 2009. Key points include:
1) In 2008, Evraz expanded its presence in international flat and tubular markets through strategic acquisitions in North America, grew its vanadium segment revenues and EBITDA, and enhanced its cost leadership position.
2) For H1 2009, Evraz reduced its debt by $1.5 billion from year-end 2008 levels and raised $965 million through a concurrent equity and convertible bond offering in July 2009.
3) Evraz has implemented extensive cost reduction programs and optimised capital expenditures to maintain production through 2009-2010 at lower costs despite difficult market conditions. Capacity utilization
1. PDG Realty reported strong operational and financial results for 1Q09, with contracted sales reaching R$420 million and net revenue increasing 36% to R$312 million.
2. The company launched R$472 million worth of projects in 1Q09, with 79% in the low income segment. PDG Realty's landbank grew 13% to R$7 billion.
3. For 2009, PDG Realty revised its launch guidance upward to R$2.8-3.5 billion from R$2-3 billion previously, to capture opportunities from the new housing program.
This document provides an overview and corporate presentation for Cabo Drilling Corp. Key points include:
- Cabo is a mineral drilling services company operating over 100 drill rigs across North America, Central America, and Europe.
- Revenue declined after 2008 but has increased 50% from 2010 to $43.42 million in 2011, with a target of reaching the 2008 high of $58.65 million in 2012.
- The company aims to expand its global market presence and improve operational efficiencies while maintaining a strong focus on safety and community relations.
The document provides an overview of Emerson's strategic imperatives and actions to strengthen its business platforms, pursue technology leadership, globalize assets, and drive business efficiency. It discusses operating performance targets, regional sales and employment figures, and initiatives to improve supply chain management through digitization and optimized transportation programs.
Morgan Stanley Basic Materials Conferencefinance10
This document provides an overview of 3M's performance in 2005 and outlook for 2006 from the perspective of Pat Campbell, 3M's Senior Vice President and Chief Financial Officer, at the Morgan Stanley 2006 Basic Materials Conference.
Key highlights from 2005 include sales growth of 5.8% to $21.2 billion, EPS growth of 13.6% to $4.26, operating income growth of 9.4% to $5 billion, and economic profit growth of 11.3% to $2 billion. All business segments achieved positive organic local currency sales growth.
For 2006, 3M plans over $10 million in growth investments, primarily aimed at organic growth, and a 15% increase in capital expenditures.
This annual report provides an overview of Lloyd's performance in 2006 including:
- Lloyd's achieved a profit before tax of £3,662m and a strong combined ratio of 83.1% due to a benign claims environment and rate increases in some business lines.
- The report discusses Lloyd's strategy to deliver its vision of being the "platform of choice" through initiatives focused on efficiency, customer service, and attracting new entrants.
- Lloyd's continued progress on key reforms including exceeding its 85% contract certainty target and implementing electronic repositories for claims and back office processing.
This document provides an overview and agenda for a PBG presentation. It includes a snapshot of PBG highlighting their employees, brands, and financial track record. It discusses the evolving landscape facing consumers and the beverage industry. The strategic priorities to drive shareholder value are refreshing and repositioning the brand portfolio, transforming performance through operating excellence, and capitalizing on geographic growth opportunities. Guidance for 2009 anticipates low single-digit top-line and profit growth due to currency pressures but strong cash flow and liquidity.
The document outlines an agenda and presentations for a conference on choosing new paths and winning new challenges in the toll road concession industry in Brazil. It provides an overview of CCR's current portfolio of toll road concessions in Brazil, the performance of its engineering and administrative subsidiaries, and its strategic focus on growing its business in Brazil through new toll road concessions and related opportunities. CCR aims to maintain its leadership in the industry while pursuing qualified new contracts and related businesses to create additional value.
The document is a corporate presentation for IMPACT Silver Corp from December 2012. It summarizes that IMPACT operates two silver mining districts in Mexico, has a profitable track record of increasing silver production and earnings since 2006, and has a strong cash position with no debt. It also provides details on IMPACT's core assets, including active mines, a new mine scheduled for 2013, and exploration prospects across its Mexican land holdings.
The document is a corporate presentation for IMPACT Silver Corp from December 2012. It summarizes that IMPACT operates two silver mining districts in Mexico, has a profitable track record of increasing silver production and earnings since 2006, and has a strong cash position with no debt. It also provides details on IMPACT's asset base, including active mines, development projects like the Capire Mine, and exploration potential across the districts.
The presentation discusses PBG's strategic priorities to drive shareholder value through refreshing its global brand portfolio, rethinking its operating model to improve performance and efficiency, and redefining its geographic focus. It also outlines PBG's approach to managing challenges in the current economic environment through initiatives to enhance liquidity, productivity, and working capital management. Financial guidance for 2009 indicates currency-neutral growth despite US dollar declines and a continued focus on operating cash flow.
Cabo Drilling Corp is a drilling services company that provides drilling rigs and services to mining companies. It acquired five drilling companies between 2004-2005. The presentation provides an overview of Cabo's business including its revenues from 2008-2012, fleet size, international operations, financial position, and goals to improve profitability through cost controls and expanding capacity. Cabo aims to take advantage of strong demand in the mining industry and growing metals prices.
CR2's 2Q09 results showed improvements over 1Q09, with contracted sales up 95% and net revenue up 39%. The company benefited from increased disbursements under Brazil's Minha Casa Minha Vida program and a more normalized credit market. CR2 is well positioned for future growth with projects ready for launch and low leverage compared to peers. The company expects new launches in the second half of 2009 to reaccelerate growth.
2Q09 Results saw strong growth over 1Q09. Contracted sales reached R$47mm (+95%) and CR2's share was R$35mm (+81%), driven by solid performance in the economic segment. Net revenue was R$72mm (+39%) and net profit was R$3.6mm (+176%). Results were boosted by improving contracted sales and slightly accelerating construction. Several projects were ready for launch in 2H09 to further boost growth, supported by strengthening credit markets and cash flows. Low leverage provided opportunities to increase growth.
The global outsourcing industry is constantly evolving through new contracting award characteristics and an expanding universe of successful service providers. ISG's TPI Index helps industry participants, enterprises and organizations keep pace and capitalize from the latest data on outsourcing trends. It is the authoritative source for marketplace intelligence related to outsourcing: transaction structures and terms, industry adoption, geographic prevalence and service provider metrics.
The document summarizes the financial results of Ideiasnet for 4Q09 and full year 2009. Key highlights include:
- Combined proportional net revenue was R$841.3 million in 2009 and R$233.1 million in 4Q09.
- Proportional EBITDA was R$6.5 million in 2009 and R$5.1 million in 4Q09.
- Proportional net loss was R$13.0 million in 2009 and R$6.1 million in 4Q09.
- Non-cash accounting adjustments resulted in a consolidated net loss of R$46.3 million.
This document provides an overview and corporate presentation for IMPACT Silver Corp. Key points include:
- IMPACT is a Canadian silver mining company with production at its Royal Mines of Zacualpan in Mexico and several exploration projects.
- It has a strong financial position with $19.6 million in cash and no debt as of Q3 2012.
- Construction is underway for the new Capire Mine and processing plant in Mexico to drive production growth.
- Resources reported for Capire include over 7 million ounces of silver and 30,000 ounces of gold.
- A new high-grade Cuchara-Oscar Mine is scheduled to begin production in early 2013.
CR2 reported its 4Q08 and full year 2008 results. In 2008, EPS was R$1.08 compared to R$0.39 in 2007. Net profit was R$50 million compared to R$18 million previously. CR2 adopted a conservative approach in 2008, launching R$347 million in PSV compared to R$586 million in 2007. Contracted sales increased 43% to R$317 million. CR2 expects positive cash flow in 2009 from project deliveries and financing kick-ins. The company maintained a low inventory level of R$258 million or 65% of shareholder's equity.
Cidade Paradiso reported its 4Q08 and full year 2008 results. In 2008, EPS was R$1.08 compared to R$0.39 in 2007. Net profit increased 178% to R$49.8 million in 2008. Launches totaled R$347 million in 2008, down from R$586 million in 2007 due to decelerating credit conditions. The company prioritized securing construction financing and reducing inventory, which ended at R$258 million or 65% of shareholder's equity. Cidade Paradiso expects positive cash flow in 2009 from project deliveries and financing kick-ins.
This corporate presentation from IMPACT Silver Corp outlines their profitable silver production in Mexico, strong financial position with $19.6M cash and no debt, and growth plans. IMPACT is currently transitioning operations from older, lower grade mines to new high grade Capire Mine and Processing Plant, with completion scheduled for Q1 2013. They have explored over 3,000 old mine workings in the Royal Mines of Zacualpan district, Mexico, which has 485 years of mining history, to guide modern exploration efforts.
- Ideiasnet reported declining revenue and negative EBITDA in 2Q09 due to impacts on the e-commerce sector from tax changes in São Paulo. Revenue was down 18.9% YoY while EBITDA turned negative.
- A key highlight was the sale of Braspag for R$25 million, generating a high return for Ideiasnet.
- Investments continued in media, communications and content companies, though this sector reported an EBITDA loss due to growth investments.
- The portfolio is being migrated to a new investment fund, Ideiasnet FIP I, to increase dynamism in the portfolio.
The document provides highlights from LPS Brasil's 2010 presentation. It summarizes that:
- LPS Brasil was the leader in the Brazilian primary real estate market in 2010 for launches, sales, revenue, EBITDA, and net income.
- Key metrics like contracted sales, mortgages sold, revenue, EBITDA, and net income all reached record highs.
- The secondary market operation, Pronto!, became profitable in 2010 with net income of R$13.6 million.
- Net income for LPS shareholders was R$108.5 million in 2010, up 51% from 2009.
- Traffic fell 3.9% in 4Q18 compared to 4Q17, excluding suspended axle exemptions traffic increased 0.4%
- Adjusted EBITDA increased 3.6% in 4Q18 on a same-basis compared to 4Q17, with an adjusted margin of 61.7% (+0.4 percentage points)
- Same-basis net income in 4Q18 totaled R$356.9 million, down 21.1% from 4Q17
Este documento apresenta os resultados financeiros da CCR no quarto trimestre de 2018. Os principais pontos são:
1) O tráfego consolidado apresentou redução de 3,9%, enquanto o EBITDA ajustado cresceu 3,6% em relação ao mesmo período do ano anterior.
2) O lucro líquido atingiu R$356,9 milhões na mesma base de comparação, representando uma queda de 21,1%.
3) Eventos subsequentes incluem a assinatura do contrato de concessão da ViaSul e
O documento apresenta os resultados financeiros da CCR no 2T18. O tráfego consolidado teve redução de 5,5% em relação ao ano anterior. O EBITDA ajustado cresceu 1% na mesma base de comparação, com margem de 58,3%, enquanto o lucro líquido reduziu 5,2%. Novos negócios e eventos subsequentes são destacados.
- Consolidated traffic fell 5.5% in 2Q18 compared to 2Q17. Adjusted EBITDA on a same-basis increased 1.0% to R$1,091.7 million, with a margin of 58.3% (-0.4 p.p.). Net income on a same-basis totaled R$300.9 million, down 5.2%.
- Leonardo Couto Vianna took over as CEO of CCR on August 1, 2018. ViaMobilidade's commercial operations began on August 4, 2018.
- Gross debt totaled R$16.6 billion as of June 30, 2018, with an average cost of debt of C
- Traffic grew 2.3% consolidated and 3.1% proforma including recent acquisitions
- Adjusted EBITDA increased 9.3% on a same-basis and 17.0% reported, with margins of 62.0% and 62.2% respectively
- Net income grew 32.3% on a same-basis and 35.8% as reported
Este documento apresenta os resultados financeiros da CCR no primeiro trimestre de 2018, destacando:
1) O tráfego consolidado cresceu 2,3% e o EBITDA ajustado aumentou 9,3%;
2) O lucro líquido atingiu R$ 446,8 milhões, um crescimento de 35,8%;
3) A dívida bruta total é de R$ 17,3 bilhões, com alavancagem de 2,2x medida pelo índice Dívida Líquida/EBITDA.
- Traffic grew 4.4% in 4Q17 compared to 4Q16. Adjusted EBITDA increased 17.9% on a same-basis compared to 4Q16, with a margin of 61.3% (+2.9 percentage points).
- Net income totaled R$329.1 million, up 94.2% compared to 4Q16. The company's board proposed additional dividends of approximately R$0.20 per share.
- In January 2018, the company was selected as the best bidder to operate subway lines 5 and 17 in São Paulo through 2038.
O relatório apresenta os resultados financeiros da CCR no 4T17, destacando:
1) Crescimento de 4,4% no tráfego consolidado e de 17,9% no EBITDA ajustado na mesma base em relação ao 4T16;
2) Lucro líquido de R$329,1 milhões no 4T17, aumento de 94,2% em relação ao 4T16;
3) Proposta de distribuição de dividendos complementares de R$0,20 por ação.
This document summarizes the key points from a presentation on organization, focus, and governance for perpetuating success at CCR Group. It discusses CCR's expansion from 5 companies in 2005 to over 20 companies in 2017 across roads, urban mobility, airports, and services in Brazil and internationally. The presentation outlines CCR's organizational structure and roles, as well as business opportunities in roads, urban mobility projects, and other markets in Brazil, Chile, and Argentina. Traffic trends, economic indicators, and specific projects are also mentioned.
O documento discute estratégias para perpetuar o sucesso da organização no futuro, abordando tópicos como organização, foco e governança. Apresenta o histórico de crescimento da empresa e oportunidades em contratos atuais e novos negócios no Brasil e no exterior.
- Traffic grew 4.1% in 3Q17 compared to 3Q16. Adjusted EBITDA on a same-basis grew 5.7% with margins of 63.8% (+0.6 p.p.). Net income on a same-basis grew 63.1%.
- Cash costs were up 2.0% on a same-basis to R$731 million due to inflation adjustments. Adjusted EBITDA was up 5% on a same-basis to R$1.28 billion.
- Gross debt was R$14.7 billion, with net debt/EBITDA of 2.2x. The company raised R$1.295 billion in new debt in 3
O documento apresenta os resultados financeiros da CCR no 3T17, com destaque para:
1) Crescimento de 4,1% no tráfego consolidado e de 5,7% no EBITDA ajustado na mesma base em comparação com o 3T16.
2) Lucro líquido de R$ 472,3 milhões no trimestre, queda de 59% devido a efeitos não recorrentes no 3T16.
3) Endividamento bruto de R$ 14,7 bilhões, com alavancagem de 2,2x medida pelo í
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- The company acquired control of ViaQuatro and an additional stake in ViaRio
- Adjusted EBITDA on a same-basis increased 4.8% due to cost optimization efforts despite lower traffic
- Net debt to EBITDA was 1.8x due to strong earnings growth and debt refinancing at lower interest rates
O documento apresenta os resultados financeiros da CCR no 2T17. O tráfego consolidado teve queda de 0,8%, enquanto o EBITDA ajustado cresceu 69,7% e o lucro líquido aumentou 357,9%. Na mesma base, o EBITDA subiu 4,8% e o lucro líquido cresceu 195,8%. A dívida líquida total é de R$14,7 bilhões.
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- Key corporate events included acquiring control of ViaQuatro and increasing stake in ViaRio
- Financial highlights showed increases in revenues, adjusted EBITDA, and net income, while margins expanded significantly
- Costs grew due to variable compensation, collective bargaining agreements, and one-off acquisition effects
- Fundraising efforts in the quarter raised over R$1.3 billion, while debt metrics like net debt/EBITDA remained stable
O documento apresenta os resultados financeiros da CCR no 2T17. O tráfego consolidado teve queda de 0,8%, enquanto o EBITDA ajustado cresceu 69,7% e o lucro líquido aumentou 357,9%. Na mesma base, o EBITDA subiu 4,8% e o lucro líquido cresceu 195,8%. A dívida líquida total é de R$14,7 bilhões.
- Traffic fell 2.8% in 1Q17 compared to 1Q16. Adjusted EBITDA increased 3.9% to R$1.03 billion with a margin of 61.0%.
- Net income was R$329.0 million, down 32.9%. Excluding new businesses, net income was R$338.5 million, down 46.6%.
- Gross debt was R$14.9 billion, up 1.1%. Net debt to EBITDA was 1.8x. The Company raised R$362 million in local debt and USD$8 million in international loans.
Este documento fornece um resumo dos resultados financeiros da CCR no primeiro trimestre de 2017, destacando:
1) O tráfego consolidado apresentou queda de 2,8%, enquanto o EBITDA ajustado cresceu 3,9% e a margem EBITDA foi de 61%;
2) O lucro líquido alcançou R$ 329 milhões, aumento de 32,9%;
3) As principais captações no trimestre somaram R$ 362,3 milhões.
- Traffic fell 7.0% in 4Q16 compared to 4Q15. Adjusted EBITDA increased 0.4% with a margin of 58.4% (+0.2 p.p.).
- Net income totaled R$169.5 million, down 30.8%. Same-basis net income was R$214.4 million, down 12.9%.
- In February 2017, the Company announced the completion of a primary share offering that raised R$4.07 billion through the issue of 254 million new shares.
O documento apresenta os resultados financeiros da CCR no 4T16, com ênfase nos seguintes pontos:
1) O tráfego consolidado apresentou queda de 7%, enquanto o EBITDA ajustado cresceu 0,4% e a margem foi de 58,4%;
2) O lucro líquido atingiu R$169,5 milhões, queda de 30,8%;
3) Em evento subsequente, foi realizada uma oferta de ações que levantou R$4,07 bilhões.
2. Disclaimer
This presentation may contain certain forward-looking projections and trends that neither
represent realized financial results nor historical information.
These forward-looking projections and trends are subject to risk and uncertainty, and
future results may differ materially from the projections. Many of these risks and
uncertainties are related to factors that are beyond CCR’s ability to control or to estimate,
such as market conditions, currency swings, the behavior of other market participants, the
actions of regulatory agencies, the ability of the company to continue to obtain financing,
changes in the political and social context in which CCR operates or economic trends or
conditions, including changes in the rate of inflation and changes in consumer confidence
on a global, national or regional scale.
Readers are advised not to fully trust these projections and trends. CCR is not obliged to
publish any revision of these projections and trends that should reflect new events or
circumstances after the realization of this presentation.
2
3. “Invest, diversify and grow: CCR 2020”
CCR Day Agenda
8 am Registration and breakfast. 12 pm Highlights of current operations
• ARTESP, ViaQuatro and STP
9 am Opening and welcome (video) | Renato Vale
concessions | Italo Roppa
9:15 am Opportunities and challenges for the city of Rio • ANTT, Rio de Janeiro, Paraná, SAMM
de Janeiro| Eduardo Paes and Controlar concessions | José Braz
• Infrastructure for the 2014 World Cup, 2016 • Sustainability: Responsible social
Olympics and the legacy for the city. investment | Francisco Bulhões
10:15 am Q&A session and coffee break Performance and the Company’s
1 pm future | Arthur Piotto
11 am Overview of high-quality growth for CCR Group:
Closing remarks, Q&A session and
• Airport, toll road, urban mobility and logistics 1:30 pm lunch | Renato Vale
markets | Leonardo Vianna
5. Our past
Back in 2009...We had overcome challenges, developed the
company’s structure and strengthened our corporate governance
• Company’s incorporation;
• Strategic partner;
• Corporate restructuring;
• Access to capital markets. 4-year Average ROE: 33.2%
2005
2004
2003
2002 R$ 334 mn
Follow-on
2001 Offering
2000
1999
1998
Corporate
Def. initial Restructuring
operations EBITDA: R$ 1.1 bn
EBITDA Margin: 56.4%
1998-2005
6. Our present
With capital discipline and a strong focus on profitability,
we prepared the company for a new level of operations
Past
4-year Average ROE: 38.9%
• 4-year Average ROE: 33.2%;
• EBITDA: R$ 1.1 bn;
• EBITDA Margin: 56.4%. 2009
2008
2007 R$ 1,235 mn
Follow-on
2005 2006 Offering
2004
2003
2002 Fol
2001 lo
2000 w
1999 on
1998 R$
33 EBITDA: ~ R$ 2 bn
4m
Margin ~ 64%
Corporate
Def. Restructuring
initial
operations • Pursuit of consolidation
• Portfolio diversification;
• Preparation for future.
1998-2005 2006-2009
7. Our future
Unique moment for CCR, with favorable
competitive and macroeconomic environments.
Past Past New Opportunities
• 4-year Average ROE: 33.2%; • 4-year Average ROE : 38.9%; • 2014 World Cup;
• EBITDA: R$ 1.1 bn; • EBITDA: ~R$ 2 bn;
• EBITDA Margin: 56.4%. • EBITDA Margin: ~ 64%. • 2016 Olympic Games;
• Infrastructure Deficit;
• Various opportunities.
• Secondary market;
• Metro;
• Logistics;
• Urban mobility.
Develop potential of
current portfolio
• Reduce escape routes;
• Maximize ancillary revenues;
• Contractual addenda;
• Increase collection base;
• Expand capacity of current portfolio.
1998-2005 2006-2009 Next 5 years
8. Doubling EBITDA
R$ 5.5 to 6.5 bn
R$ 3.3 bn
Our goal is to double EBITDA
R$ 3.3 bn
by 2016, considering only
the current portfolio
EBITDA EBITDA
2012E 2016E
9. Thinking boldly
and considering only our current portfolio…
EBITDA 2012E¹ Yesterday’s
EV/EBITDA
average price
R$ 17.70
R$ 3.3 bn 11.7 X
share
With 1.8x Net Debt/EBITDA
and Same Multiple...
EBITDA 2016 Price 2016
R$ 5.5 bn
?
to 6.5 bn
10. “Invest, diversify and grow: CCR 2020”
General overview of high-quality
growth for the CCR Group
Airport, toll road, urban mobility
and logistics markets.
Leonardo Vianna
13. ANA
Airports in Portugal
Structure of ANA & TAP Group Operating Structure 2011
State Privpublic
31.44% 68.56% 100%
Lisbon TAP
Airport Açores
Airport TAP
Porto Maintenance
Airport
Beja* TAP Maintenance
Faro Airport Brazil
Airport
Handling
10% 70% 100%
ANA GROUP
Airports 10
20% Funchal and PAX (‘000) 30,089
Porto Santo
Airports
Depart. + Arriv. 285,041
Autonomous
Madeira
Cargo [ton] 158,542
Region
14. ANA
Airports in Portugal
ANA & TAP Group Structure
ANA Group
State Privpublic
Airports 10
31.44% 68.56% 100%
PAX (‘000) 30,089
Depart. + Arriv. 285,041
Lisbon TAP
Airport Açores Cargo [ton] 158,542
Airports TAP
Porto Manutenção
Airport
Beja* TAP Manutenção
Faro Airport Brasil Process characteristics
Airport Estimated timetable
Handling
10% 70% 100%
Concession term: 50 years
Schedule September October November December
20% Funchal and
Porto Santo
Airports
Autonomous Process /
Madeira Bids
Region
15. Financial indicators
2011 for ANA Group
Δ 2011/2010
Total revenue [in million €]
Airports
10 - 3%
Considered 4%
Gross 13%
€ 424.9 mn 4.6% 48%
Revenue 30%
EBITDA € 199.8 mn 21.6% 57%
EBITDA Margin 47.0% 6.6 p.p. 16%
Net Income € 76.5 mn 37.6%
13% 16%
Debt Ratio 1.8 -10% Air Force Retail Car Rental
Security and PMR’s Property develop. Advertising
Dividends paid € 39.5 mn 44.9% Commercial Parking Other
Operating expense [€ million] EBITDA [€ million]
+2%
259
254
237 240 239 +12%
213
111 121 116 116 111
97
109 122 114 121 108
104
2006 2007 2008 2009 2010 2011
Source: Accounting Management Report of the ANA Group 2011
Payroll Outsourcing Other
17. New operations
Rio de Janeiro – Campinas HSR Project
SP
RJ
18. New operations
Rio de Janeiro – Campinas HSR Project
Rio de Janeiro
Campinas
São Paulo
19. New operations
Rio de Janeiro – Campinas HSR Project
Concession auction, maintenance of HSR system and
1 supply of permanent rail infrastructure, systems and
rolling stock.
Executive project prepared by government in
2 accordance with the technology parameters offered.
Construction of rail infrastructure and associated
3 facilities and buildings.
Total investment:
• By concessionaire:
R$ 8.7 bn + R$ 5 bn*;
• By government:
R$ 26.9 bn.
Source: EPL
30. Metro in Salvador
and Lauro de Freitas
Concession Implementation and Operation of the Urban Intercity
objective Public Transportation System (Salvador and Lauro de
Freitas Metro Systems)
Sponsored Public-Private Partnership (PPP)
Model (Investment by Government) Lauro de
Freitas
Concession 30 years: 3 construction projects + 27 operations
term Estimated startup of partial operations (18 months)
Pirajá
Bid process Presentation of Economic Proposals in Writing,
followed by open-outcry bidding on BM&FBOVESPA
Selection Lowest amount of investment by Government
criteria
Lapa
Investments Estimated at R$ 3.5 bn
Funding sources (R$ 3.5 bn)
• Federal Budget PAC Large City Mobility:
R$ 1.0 bn;
• PAC Financing – Large City Mobility:
R$ 600 million;
• Current balance of Agreement for Line 1:
R$ 250 million;
• Investment by Private Partner:
To be defined in the bidding process;
• Investment by Government:
To be defined in the bidding process.
36. Urban mobility
São Paulo Metro – Line 6
Patio Morro Grande
No. of Stations:
• 15.
Estimated Initial Demand
• 633,000 pax/day;
Length:
• 15.3km. Bela Vista
Project Phase: Public Hearing
Total Investment: R$ 7.7 bn
39. Urban mobility
Curitiba Metro
No. of Stations:
• 13.
Estimated Initial Demand:
• 475,000 pax/day;
Patio CIC Sul Rua das Flores
Length:
• 14.2km.
Project Phase: Public Hearing.
Study being reformulated due to MP 575.
Total Investment: R$ 2.2 bn
41. Urban mobility
Porto Alegre Metro
Porto Alegre
Curitiba
São Paulo
42. Urban mobility
Porto Alegre Metro
No. of Stations: Intermodal Terminal
• 13. Fiergs
Estimated Initial Demand:
• 302,000 pax/day;
Intermodal Terminal
Length: Rua da Praia
• 14.8km.
Project Phase: Request by the
Government for Declaration of Interest.
Total Investment: R$ 2.5 bn
44. Urban mobility
Belo Horizonte Metro
Curitiba
São Paulo
Belo Horizonte
45. Urban mobility
Belo Horizonte Metro
Government
Adm. Center
Public Investment: R$ 1.7 bn
Novo Eldorado
Private Investment: R$ 1.2 bn Savassi
Barreiro
Total Investment: R$ 2.9 bn
47. Urban mobility
Northern Stretch of Belo Horizonte Beltway
São Paulo
Belo Horizonte
48. Urban mobility
Northern Stretch of Belo Horizonte Beltway
Procedure for declaring interest
March 2012
• Objective: Structuring of the Project for the
Northern Stretch of the Beltway for the Belo
Horizonte Metropolitan Area, a 67-km stretch
connecting the cities of Sabará, Santa Luzia,
Vespasiano, São José da Lapa, Pedro Leopoldo,
Ribeirão das Neves, Contagem and Betim;
• The proposed Beltway consists of a highway
connecting the southern and northern stretches
of Fernão Dias Highway (BR 381);
• Interested companies must conduct studies and
prepare proposals for construction, paving,
operation, maintenance, conservation and
improvements during the 35-year concession
period;
Estimated date of conclusion of studies: March 15, 2013.
50. Urban mobility
PMI – Greater Florianópolis
Santa Catarina Florianópolis
São Paulo
51. Urban mobility
PMI – Greater Florianópolis
Declaration of Interest Procedure (PMI) for receiving proposals
for recertification and construction of structural works to
improve the transportation system, urban mobility and access
to the island region of Florianópolis from Highway BR-101.
Integrated solutions
Maritime passenger and vehicle transportation
using boats and ferry-boats.
Air passenger transport via cable car.
Investment of R$ 650 million.
53. PAC projects for concessions
New investments in highways
1 BR – 101 BA 772.3 Km R$ 3.87
PAC in execution
2 BR – 262 ES/MG 376.9 Km Current network
R$ 1.90
3 BR – 153 TO/GO 743.3 Km R$ 3.99 Port of Santarém Port of Itaqui
Port of Pecém
4 BR – 050 GO/MG 425.8 Km R$ 2.58
Port of
5 BR – 163 MT 821.6 Km R$ n/a 3 Suape
5
1 Port of Salvador
BR – 163 MS 4
6 BR – 262 MS 1,423.3 Km R$ 5.94 9
BR – 267 MS 7 8
6 Port of Vitória
BR – 060 DF/GO 2
Port of Rio de Janeiro
7 BR – 153 GO/MG 732.9Km R$ 6.63 Port of
Port of Itaguaí
Santos
BR – 262 MG Port of
Paranaguá
8 BR – 116 MG 821.6 Km R$ 4.84 Port of Rio Grande
9 BR – 040 GF/GO/MG 443.6 Km R$ 5.99 R$ In billions
54. National Road Transport Agency (ANTT)
3rd stage of highway concessions
Phase 1
3rd Stage – Phase 1
Concession for Highway BR 116/MG
Concession for Highway BR 040/DF/GO/MG
Concession term: 25 years.
Toll plazas: 8 (BR 116) and 11 (BR 040).
Max. toll: R$ 6.25406 (BR 116)
and R$ 3.74680 (BR 116).
55. National Road Transport Agency (ANTT)
3rd stage of highway concessions
Phase 1
3rd Stage – Phase 1
Public Hearings (AP 125, 127, 128) were held in
August and September 2012 and the period for
1 submitting contributions and suggestions to the
Drafts of the Bid Notice and Concession
Contract, as well as the PER and Feasibility
Studies of the ANTT, expired on Sept. 25, 2012.
The Official Bid Notices should be made
2 available on Nov. 26, 2012 with the auctions on
the BOVESPA slated for Jan. 26, 2013.
56. National Road Transport Agency (ANTT)
3rd stage of highway concessions
Phase 1
3rd Stage – Phase 1
BR 116/MG
• Stretch in state of Minas Gerais between
Além Paraíba and Divisa Alegre;
• Connects the stretch of BR-116 RJ already
granted (CRT) and BR-116 BA also already
granted (ViaBahia);
• Length: 816.7 km.
BR-040 /DF/GO/MG
• Begins in Federal District at the
intersection with Highway BR 251 and
ends in Juiz de Fora(MG) at the start
of the stretch granted to CONCER;
• Length: 936.8 km.
58. Railroads
Federal plan for logistics investments
Railroad program
Financing compatible with project sizes
• Interest Rate: TJLP + 1%;
• 5-year grace period;
• Amortization in up to 25 years;
• Higher leveraging: up to 80% of total.
Total investments: R$ 10 bn
• 2013 – 2017: R$ 56 bn;
• 2018 – 2039: R$ 35 bn.
59. Railroads
Federal plan for logistics investments
Federal Government
Built, maintained and
Investment operated by private sector
Permanent way concessionaire
State-owned company acquires
full rail transportation capacity.
VALEC
State-owned company conducts public bid for
capacity.
Operators with own Independent rail Rail transportation
cargo operators concessionaires
60. Railroads
Federal plan for logistics investments
Main stretches under analysis
1 SP Rail Beltway Northern Segment
Port of Vila do Conde
2 SP Rail Beltway Southern Segment
Port of Santarém
Port of Itaqui
3 Access to Port of Santos 12 Port of Pecém
4 Lucas do Rio Verde Uruaçu
Açailandia
5 Uruaçu – Corinto – Campos Port of Marabá
6 Rio de Janeiro – Campos – Vitória Port of Porto Velho
Port
of Suape
8
7 Belo Horizonte – Salvador Lucas R. Verde
8 Salvador – Recife 4 7
Port of Salvador
9 Estrela do Oeste – Panorama – Maracaju Uruaçu Port of Ilhéus
5
10 Maracaju – Mafra Estrela D’Oeste Corinto
11 São Paulo – Mafra – Rio Grande Belo
Maracajú
9 Horizonte
Port of Vitória
12 Açailândia – Vila do Conde
Panaroma 1 6
2 3 Port of Rio de Janeiro
Total of 10 Port of Itaguaí
10,000 km
Port of Santos
Mafra Port of Paranaguá
11
Launch of bid notice + drafting of proposals: Port of Rio Grande
Mar/Apr 2013
63. Location of airports
Source: company data
International Airport of Costa Rica
• International airport of San José (Juan Santamaria International Airport)
is located in the province of Alajuela, some 20 km from the center of
San José;
• Term of Interested Management Contract: ends in May 2026;
• Around 70% of traffic is international.
International Airport of Curacao
• The international airport of Curacao is located on the northern coast
of the island, some 15 km from center of the capital, Willemstad;
• Concession Term: 30 years, ending in August 2033;
• Around 70% of traffic is international.
International Airport of Quito
• Mariscal Sucre International Airport is located in Quito and will
continue operating until the inauguration of the city’s new
international airport;
• Concession Term: 30 years, ending in January 2041;
• Around 77% of traffic is international.
70. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
71. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
72. Potential of current portfolio
Various investment gaps were identified...
CCR AutoBAn: R$ 350 mn
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
74. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
75. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
76. Potential of current portfolio
Various investment gaps were identified...
CCR ViaOeste: R$ 600 mn
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
78. Potential of current portfolio
Various investment gaps were identified...
ViaQuatro: R$ 200 mn
Revenue and EBITDA growth (R$ million)
350
200
Revenue EBITDA
2012(E)
97. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
98. Potential of current portfolio
Various investment gaps were identified...
CCR RodoNorte: R$ 1 bn
• Campo Largo Bypass: R$ 100 mn;
• Expansion to four lanes and access road at
376 and 277 between Curitiba and Apucarana:
R$ 900 million.
Crescimento de receita e EBITDA million) milhão
Revenue and EBITDA growth (R$ – em R$
Revenue
Source: financial statements of the business unit
101. Potential of current portfolio
Various investment gaps were identified...
Projected revenue 2016: R$ 640 mn.
Unilateral reduction of inspection fee: 33%.
Material facts:
• Administrative negotiations;
• Lawsuits.
105. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
106. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
107. Potential of current portfolio
Various investment gaps were identified...
CCR NovaDutra: R$ 2 bn
• Serra das Araras;
• Expressways in Rio, São Paulo and São José dos Campos;
• Other safety works.
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
110. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
111. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
112. Potential of current portfolio
Various investment gaps were identified...
CCR Ponte: R$ 305 mn
• Connecting the bridge to Linha Vermelha;
• Niterói Tunnel (Mergulhão).
Revenue and de receita e EBITDAmillion) milhão
Crescimento EBITDA growth (R$ – em R$
Revenue
Source: financial statements of the business unit
114. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
115. Potential of current portfolio
Various investment gaps were identified...
Revenue and EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
116. Potential of current portfolio
Various investment gaps were identified...
CCR ViaLagos: R$120 mn
• Reduction in tolls;
• Contractual rebalancing: 15 years.
Revenue and de receita e EBITDA – em R$ milhão
Crescimento EBITDA growth (R$ million)
Revenue
Source: financial statements of the business unit
118. Potential of current portfolio
Various investment gaps were identified...
Concession term: 35 years.
Total investment: R$ 1.8 bn.
Revenue 1st year of operations:
R$ 148 mn.
120. Potential of current portfolio
Various investment gaps were identified...
Acquisition: R$ 72 mn | 80% of capital.
Rebalanced tariff: R$ 4.50.
Subsidy: 31%.
• 8 vessels younger than 60 years;
• 6 vessels younger than 22 years;
• 4 vessels younger than 6 years.
Committed investments:
State government:
• 9 vessels: R$ 300 mn;
• 2 new stations: R$ 300 mn.
Concessionaire:
• 2 vessels.
121. Potential of current portfolio
Various investment gaps were identified...
Investment opportunities:
• Immediate recovery of existing Rebalancing of the contract by
stations: R$ 30 mn; lengthening the term.
• 2 new stations: 300 mn.
123. Synergy with other projects
CCR Ponte Metro
LRT TransOlímpica
CCR NovaDutra Line 3
124. “Invest, diversify and grow: CCR 2020”
Sustainability
Responsible social investment
Francisco Bulhões
125. Reasons for the Sustainability Project
Value Creation
Economic Capital
Protect Value | Reputation Human Capital
Social Capital
Natural Capital
126. Protect Value
General assessment of work
General assessment of the concessionaire’s work 2012
(in %) (Excellent + Good) Respondents: car and truck drivers.
Data from the last Image and Satisfaction survey conducted by Datafolha in 2012.
127. Value Creation| Economic Capital
Reporting initiatives - investors
Objective:
Structuring reporting initiatives at the CCR Group.
Activities:
• Support GRI 2011 reporting and structuring GRI 2012 reporting;
• Process management and analysis of evidence for ISE index;
• Support for other reporting initiatives (Global Compact, ICO2, Guia
Exame);
Current status:
• Monitoring of final analysis of evidence by FGV;
• Discussion of proposal for GRI 2012.
129. Value Creation | Social Capital
The UN has declared 2011-2020 the
Decade of Action for Road Safety
Great opportunity
to transform our
main initiatives into
a model to be
replicated
130. Value Creation | Social Capital
The UN has declared 2011-2020 the
Decade of Action for Road Safety
Partnership with IADB:
• Road Digitalization for Citizenship;
• Pilot Project CCR ViaOeste (Highway+).
131. Value Creation | Social Capital
CCR private social investment
Consolidated with and without tax incentives
Social investment by CCR of R$ 80 mn over 9 years,
with another R$ 165 mn expected over the next 5 years.
Over
Direct investment
R$165
Investment through incentives
million
6590
4969
5144
4676
5166
12899
14352
3771
3654
1695
7519
9491
970
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
132. Value Creation | Social Capital
Road to Citizenship
1.5 million students since
11 million start of program
indirect participants
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
10,000 15,000 45,000 45,000 112,00 132,00 135,00 140,00 140,00 145,00 350,000 450,000
400 500 2,200 2,600 3,800 4,000 4,500 6,000 6,000 6,500 13,300 14,000
600,000
Students Teachers Drivers
133. Value Creation | Social Capital
Road to health
More than 1,600 people served each
month by our structure.
260m² of rest area for truckers.
600 people served/month.
190m² of rest area for truckers.
400 people served/month.
134. Sustainability project
Timeline
2010 2011 2012
1. Sustainability in the 2. ROADMAP 3. CCR’s Sustainability
Value Chain Project
• External factors;
• Maturity; • Executive support;
• Accident front;
• Mapping of public • Unit support;
interest; • Waste front;
• ISE;
• Vision. • Emissions front;
• GRI and other reporting
• ISE; initiatives;
• Sustainability committee. • Selection of SW.
135. Reasons for the Sustainability Project
Value Creation
Economic Capital
Protect Value | Reputation Human Capital
Social Capital
Natural Capital
136. Sustainable Highway Project
Presidente Dutra Highway
• 55% of Brazil’s GDP;
• 402 km;
• 130 million users annually;
• 115 large manufacturers and retailers;
• 36 surrounding cities;
• 23 million people;
• 160 service stations.
137. Project Motivation
Sustainable Highway
Creating a reference for sustainable development for Brazilian highways through
the joint efforts of multiple stakeholders;
Developing green solutions and technology by creating business models that are self-
sustainable over the long term;
Creating visibility for companies’ positioning through a unique communications
strategy.
The transformations required by sustainable development
depend on the actions of various players.
139. “Invest, diversify and grow: CCR 2020”
Overview of high-quality
growth for the CCR Group
The company’s performance, strategy and future
Arthur Piotto
151. “Invest, diversify and grow: CCR 2020”
But in what scenario
was this achieved?
Arthur Piotto
152. Project Track Record
2002 No project R$ 0
2003 No project R$ 0
2004 MG-50 R$ 645
2005 No project R$ 0
2006 São Paulo Metro Yellow Line R$ 1,000
2007 7 federal highways R$ 19,500
2008 6 state highways R$ 10,795
2009 BR116/BR324 in Bahia R$ 1,900
BA093 and southern and eastern
2010 R$ 5,805
stretches of Sao Paulo Beltway
2011 MT130 and PE060* 1 Airport R$ 900
Amounts in million
153. Project Track Record
And what did CCR do?
• Won 2 Projects;
• Acquired 5 companies;
• Created 1 company;
R$ 4.8 bn
re-invested
EBITDA Added R$ 1.3 bn
Total: Total investments: Average:
20 Projects ~R$ 40 bn R$ 4 bn per year
• BR 101 /ES; • We won TransOlímpica;
2012 • 3 Airports; R$ 21 bn • We acquired 4 companies.
• Transolímpica/RJ. EBITDA added
R$ 800 mn
re-invested
R$ 150 mn
155. Considering the outlook...
in ‘000
Railroads R$ 91,000
Federal Highways R$ 42,000
5 Airports in Brazil R$ 25,000 E
Urban Mobility R$ 27,000
Additional Investments R$ 5,000 E
Projects outside Brazil R$ ?
Total: 33 projects over the next 5 years
10x
more than Total estimated investments: ~R$ 190 bn
in the
past
Average: R$ 40 bn per year
And how much will CCR be able to add based on its
execution track record?
157. Investment capacity
Financial strategy
Maximum Company’s growth to be Commitment to pay out
Net Debt/EBITDA Ratio financed through leverage. at least 50% of net income
of 3.0x. as dividends.
160. Investment capacity
Financial strategy
Maximum Company’s growth to be Commitment to pay out
Net Debt/EBITDA Ratio financed through leverage. at least 50% of net income
of 3.0x. as dividends.
162. Investment capacity
In times
Current investment capacity ~R$ 3 bn,
2.6 2.5
2.2
increasing to ~R$ 13 bn by 2016.
2.1
2.0
1.5 1.5
1.1 7.5
0.8 0.9 0.8
6.2
5.6
R$ million
2.9 3,113 2,565 2,849 2,648 2,565
2.6 2,479
1,656 2,147
1.2 1.1 1.2 1.1 1.2 586 1,143
0.6 179
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 (E)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 (E)
Net Debt ND/EBITDA
Investment capacity
CCR’s investment capacity considering a maximum
Net Debt/EBITDA ratio of 3.0x.
163. Investment capacity
Financial strategy
Maximum Company’s growth to be Commitment to pay out
Net Debt/EBITDA Ratio financed through leverage. at least 50% of net income
of 3.0x. as dividends.
164. Dividends
Since its IPO, CCR has distributed on average 77% of net income as dividends 93%
1,128
R$ million 1,054
CAGR 90%
48.7% 127%
899
85% 852
85% 807
65% 92% 714 709
61% 672
605 603
580
547 532
500
58%
16% 355
307
263
183
152
30
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 (E)
Net Income Dividends Payout Net Income (Market Consensus)
165. Wrap Up
Yesterday Tomorrow
R$ 4 bn per year in projects. R$ 40 bn per year in projects.
67% of EBITDA added after How much will be added??
IPO.
R$ 17.70 per share. Stock price in this scenario?
167. Why CCRO3?
Clearly defined and public strategy, with profitability first, followed by expansion;
Competent and highly qualified professionals with a continuous process to prepare leaders,
supporting the perpetuity of the business;
Base scenario indicates the potential for significant upside, with limited downside;
Cash generation of the current portfolio supports a strong dividend policy and high
quality growth;
Actions focused on the sustainable development of new markets and opportunities;
Highly competitive access to capital markets;
Solid financial situation that supports future growth.
168. Why CCRO3?
With R$ 40 bn
invested With capital
in projects per year discipline...
...That’s how
we’ll get there!
169. “Invest, diversify and grow: CCR 2020”
Discussion, questions and answers
Renato Vale and Officers