For over 37 years, Apsis has stood out in the market as an independent consultancy specialized in appraisals and value generation for its clients. Visit our website : www.apsis.com.br

1. THE VALUE OF GREAT DECISIONS

2. FOR OVER 37
YEARS,
Apsis has stood out in the market as an
independent consultancy firm specialized in
appraisals and value generation for its clients.
Apsis' credibility and impartiality has made its
results to be regarded as a reference for
decision-making at major companies.
More than 20,000 reports issued
More than R$ 500 billion in assets appraised in the last 3
years
More than R$18 million in assets inventoried and
reconciled in the last 3 years
1,200 clients , 80% of which comprising major corporations
More than R$ 63 billion in real estate properties appraised
Apsis issued, in 2014 alone, 80 reports for premium
allocation, identifying an amount of over R$ 21 billion
More than 500 reports registered with the CVM (the
Brazilian Securities and Exchange Commission)

3. INTERNATIONAL
STANDARD
MEMBER OF

4. 01 BUSINESS APPRAISAL
• Compliance with legal standards:
The Brazilian Corporate Law (Lei das
Sociedades Anônimas)
The Accounting Ruling Council (Comitê
de Pronunciamento Contábil)
The Judicial Reorganization Law
Corporate Restructuring
Public Share Offering (OPA)
BACEN Circular Letter;
• Economic and financial feasibility analysis;
• Appraisal of intangible assets, biological
Assets, Properties for Investment, among
others;
• Appraisal for Purchase and Sale purposes;
• Premium Allocation Law # 12,973;
• Appraisal for Investment Funds;
• Intangible Asset appraisals;
• Technical Assistance and Forensic
Inspection;
• Pre-PPA in business merging operations;
• PPA - Purchase Price Allocation.
• Study of project economic and financial feasibility;
• Highest & best use study for potential properties;
• Real Estate Management System - Cubus;
• Financial lifespan, residual value, and replacement
value;
• Real estate portfolio profitability analysis;
• Lease vs. buy and stay vs. go analysis;
• Forensic Inspection;
• Execution of projects dedicated to values blueprint
review for cities/municipalities;
• Appraisals for various purposes: Insurance, Bank
Guarantees/Dation in Payment, Purchase and Sale
Value;
• Contract renegotiation and revenue portfolio
management;
• Construction Inspection and Measurements;
• Site Hunter.
REAL ESTATE CONSULTANCY
0302 FIXED ASSET MANAGEMENT
• Inventory with tagging (RFID/Bar Code);
• Physical vs. Book Reconciliation;
• Bookkeeping and maintenance integration;
• Bookkeeping registry collection (Component
Management);
• Fixed Asset Appraisal for various purposes;
• Accounting Requirements (IFRS/CPC/CFC);
• Asset allocation equity control during project
execution;
• Equity Outsourcing;
• Specialized Projects / Services for the
Telecommunications, Energy and
Broadcasting Segments.
MAIN SERVICES

5. • Basic Environmental Plan (PBA);
• Environmental expert inspection and Due
Diligences;
• Environmental appraisals to meet Ecuador
Principles;
• Mine Shutdown Plan;
• Industrial Plant Decommissioning Plans;
• Environmental Projects and Plans for specific
purposes;
• ISC (Corporate Sustainability Index).
SUSTAINABILITY
06
• Consultancy in corporate governance
for the alignment with the best
practices;
• Implementation of governance bodies
through board of directors and
consulting board, including recruitment
and selection of independent members;
• Corporate governance preparation to
structure long-term debt (BNDES)
and/or Mergers & Acquisitions (M&A);
• Consultancy for Board Secretariat
structuring;
• Strategic restructuring of active boards.
CORPORATE GOVERNANCE
04
• Mergers & Acquisitions (M&A's);
• Full or partial sales;
• Fundraising from Private Equity
funds;
• Strategic growth advisory through
the “M&A - Buy-Side” scope;
• Joint Ventures;
• Strategic alliances;
• Financial restructuring;
• Finance and real estate: purchase,
sale, sale & lease back and build to
suit.
CORPORATE
TRANSACTIONS05
MAIN SERVICES

6. Aliansce hired Apsis to help
it when it announced the
purchase of Pargim stakes
at five shopping malls. In
this operation, which
entailed R$ 574.7 million,
the company acquired
shares at five other
shopping malls, and full
control of Carioca
Shopping's anchor store
C&A. Apsis was in charge
of appraising all property
assets involved in the
operation and substantiate
the premium value
generated.
Gol announced, in 2011, a
partnership in order to
enable capital increase
through the issue of new
shares. This operation was
rendered possible by
means of capital inflow from
Delta Airlines in the total of
US$ 100 million, which led
to the acquisition of 2.9% to
3% of shares. The
operation, which resulted in
Gol's significant capital
stock increase,
was supported by Apsis‘s
valuation reports.
Apsis has exclusively
conducted RHMED's -- an
occupational health and
work medicine company –
competitive sale of control
process, having attracted
relevant Brazilian Private
Equities. The outcome was
the acquisition by the Axxon
Group, a Private Equity
fund manager.
Cielo, the multi-flag
certifier, is the leader in
solutions for electronic
payment means. The
company, with more than
1.2 million active clients
and present in 5,511
Brazilian municipalities,
covers 99% of the national
territory. Apsis has been
rendering equity
outsourcing services to
Cielo since 2007, and has
been implementing its
asset management process
on all of its terminals
(POS/PIN PAD terminals).
CASES

7. Rua da Assembleia, 35 – 12th floor
Centro • Rio de Janeiro
RJ • 20011-001
+55 21 2212-6850
E-mail: apsis.rj@apsis.com.br
Rio de Janeiro
Av. Angélica, 2503, # 101
Consolação • São Paulo
SP • 01227-200
+55 11 3662-5453
+55 11 3662-5722
E-mail: apsis.sp@apsis.com.br
São Paulo
apsis.com.br