This document provides an overview of Iochpe-Maxion S.A., a Brazilian manufacturer of automotive components and railway equipment. It discusses Iochpe-Maxion's business structure, markets, customers, strategies, financial performance, and outlook for key industries in Brazil. The presentation contains forward-looking statements and disclaims any duty to update the information provided.
This document summarizes a presentation by Phil Martens, President of Light Vehicle Systems at ArvinMeritor, at the 2008 Morgan Stanley Global Automotive Conference. The presentation outlines ArvinMeritor's priorities for 2008, which include radically improving costs through restructuring, improving free cash flow, capitalizing on growth in emerging markets, aligning with key customers, and launching new products. Examples of actions taken to achieve the priorities are provided. Financial assumptions for 2008 are also presented.
Logistics Trends in U.S. - Finnish Logistics 2009 Conf KeynoteRTMJr
This document discusses strategic trends impacting logistics in the United States. It notes that logistics costs as a percentage of GDP have steadily increased since 1985. Transportation by motor carriers, especially trucking, accounts for nearly half of all US logistics costs. The document also discusses trends like increasing urban land prices pushing warehouses further from cities, rail congestion issues, and the growth of "mega-regions" and their impact on network analysis. It provides perspectives on the size of the US trucking and warehousing industries.
Murphy Presentation W Dollars Finnish Logistics Conf 2009 Rx2RTMJr
Presentation discussing major logistics / distribution / trucking / warehousing trends in the United States, including import and domestic network changes, current state of industry, and some sustainability issues.
The document discusses Goodrich Corporation's outlook for 2006 and beyond. It expects approximately 6% sales growth in 2006 driven by strong demand for new commercial aircraft programs. Margins are projected to increase by around 1 percentage point in 2006 due to operational improvements and volume leverage. Earnings per share are forecasted to increase 12-22% in 2006. Significant cash flow and continued income growth are also anticipated in the coming years.
Marshall Larsen, Chairman and CEO of FBR, outlines Goodrich's value proposition and financial outlook. Key points include:
- Goodrich expects 6% sales growth in 2006 and margin expansion through operational excellence and volume leverage.
- EPS is forecast to grow 12-22% in 2006 from continuing operations.
- Cash flow from operations is expected to be 50-75% of net income, reflecting success of new programs.
- Looking ahead to 2006-2010, Goodrich sees opportunities for top line growth, margin improvement, and sustainable earnings growth beyond the commercial aerospace cycle.
Amara Raja Batteries-Management Meet NoteAngel Broking
- Management indicated strong demand for batteries from the growing automobile industry and pickup in industrial activities.
- The company plans capacity expansions to meet increasing demand and expects to clock 15% CAGR in industrial batteries over the next few years.
- While demand from telecom batteries has contracted, the company expects 6-7% annual growth and is optimistic about long-term replacement demand.
Marshall Larsen, Chairman and CEO of Goodrich, presented at the Lehman Brothers Industrial Select Conference on February 15, 2006. He outlined Goodrich's value proposition of great market positions, top line growth, substantial margin improvement opportunity, and significant expected cash flow growth. He projected 6% sales growth in 2006, over 100 basis points of margin expansion, and 12-22% EPS growth from continuing operations.
US India FM Broadcasting OpportunitiesIVG Partners
With a compounded annual growth rate of 19%, the radio broadcasting industry is estimated to double from the current US$ 170 million to US$ 350 million by 2013. This sector promises consistent high growth and hence an ideal India investment opportunity for US firms.
This document summarizes a presentation by Phil Martens, President of Light Vehicle Systems at ArvinMeritor, at the 2008 Morgan Stanley Global Automotive Conference. The presentation outlines ArvinMeritor's priorities for 2008, which include radically improving costs through restructuring, improving free cash flow, capitalizing on growth in emerging markets, aligning with key customers, and launching new products. Examples of actions taken to achieve the priorities are provided. Financial assumptions for 2008 are also presented.
Logistics Trends in U.S. - Finnish Logistics 2009 Conf KeynoteRTMJr
This document discusses strategic trends impacting logistics in the United States. It notes that logistics costs as a percentage of GDP have steadily increased since 1985. Transportation by motor carriers, especially trucking, accounts for nearly half of all US logistics costs. The document also discusses trends like increasing urban land prices pushing warehouses further from cities, rail congestion issues, and the growth of "mega-regions" and their impact on network analysis. It provides perspectives on the size of the US trucking and warehousing industries.
Murphy Presentation W Dollars Finnish Logistics Conf 2009 Rx2RTMJr
Presentation discussing major logistics / distribution / trucking / warehousing trends in the United States, including import and domestic network changes, current state of industry, and some sustainability issues.
The document discusses Goodrich Corporation's outlook for 2006 and beyond. It expects approximately 6% sales growth in 2006 driven by strong demand for new commercial aircraft programs. Margins are projected to increase by around 1 percentage point in 2006 due to operational improvements and volume leverage. Earnings per share are forecasted to increase 12-22% in 2006. Significant cash flow and continued income growth are also anticipated in the coming years.
Marshall Larsen, Chairman and CEO of FBR, outlines Goodrich's value proposition and financial outlook. Key points include:
- Goodrich expects 6% sales growth in 2006 and margin expansion through operational excellence and volume leverage.
- EPS is forecast to grow 12-22% in 2006 from continuing operations.
- Cash flow from operations is expected to be 50-75% of net income, reflecting success of new programs.
- Looking ahead to 2006-2010, Goodrich sees opportunities for top line growth, margin improvement, and sustainable earnings growth beyond the commercial aerospace cycle.
Amara Raja Batteries-Management Meet NoteAngel Broking
- Management indicated strong demand for batteries from the growing automobile industry and pickup in industrial activities.
- The company plans capacity expansions to meet increasing demand and expects to clock 15% CAGR in industrial batteries over the next few years.
- While demand from telecom batteries has contracted, the company expects 6-7% annual growth and is optimistic about long-term replacement demand.
Marshall Larsen, Chairman and CEO of Goodrich, presented at the Lehman Brothers Industrial Select Conference on February 15, 2006. He outlined Goodrich's value proposition of great market positions, top line growth, substantial margin improvement opportunity, and significant expected cash flow growth. He projected 6% sales growth in 2006, over 100 basis points of margin expansion, and 12-22% EPS growth from continuing operations.
US India FM Broadcasting OpportunitiesIVG Partners
With a compounded annual growth rate of 19%, the radio broadcasting industry is estimated to double from the current US$ 170 million to US$ 350 million by 2013. This sector promises consistent high growth and hence an ideal India investment opportunity for US firms.
Non Deal Roadshow Localiza Goldman Sachs(InglêS)Localiza
Localiza Rent a Car S.A. is a leading car rental company in Brazil with over 1.2 million clients. It has an integrated business platform with divisions in car rental, fleet rental, used car sales, and franchising. Localiza has a competitive advantage through its large scale and integrated platform which provides synergies in costs, cross-selling, and bargaining power. It has the largest distribution network in Brazil with 351 agencies across 9 countries.
Financial Analysis - Zhejiang Expressway Co., ltd., through its subsidiari…BCV
Zhejiang Expressway Co. Ltd. operates and manages toll roads in China. It designs, constructs, and provides services like advertising and fuel facilities for highways. Over half of its revenue and sales come from toll road operations in China. It has a market capitalization of $28.1 billion and its largest shareholders are investment firms like BlackRock and JPMorgan. Analyst recommendations are mixed with most target prices above the current stock price of $6.47.
Group 1 Automotive is a top five U.S. automotive dealer group with over 170,000 vehicle sales in 2008 and $4.3 billion in annual revenue. In the first quarter of 2009, revenues decreased 32.2% to $1.02 billion compared to $1.5 billion in the first quarter of 2008. Parts and service generates 70% of gross profits and covers 75-85% of fixed costs. The company expects to dispose of some dealerships that do not provide acceptable returns in 2009 but does not plan additional acquisitions.
The document discusses the future of automotive distribution in an uncertain world. It notes that pressures are building on the current distribution model and structural changes are needed in scale and scope. However, the biggest challenges will be in changing people and organizations. These changes will transform the shape of future car dealerships.
dana holdings CADF2722-6DAB-4150-AF59-82832D202677_Barclays021009finance42
Dana Holding Corporation presented at the Barclays Capital Industrial Select Conference on February 10, 2009. The presentation focused on Dana's key priorities in 2008, which included rebuilding its team with new leadership, jump-starting operations through cost reduction initiatives, addressing strategic issues, and improving financial performance. Dana outlined actions taken in each area, including leadership changes, plant closures and workforce reductions, and aggressive pricing negotiations. The presentation also provided an overview of Dana's diverse markets, geographic revenues, customers, and debt maturity profile as context.
North zone-CFA Institute Research Challenge in Indiarsnnitjsr
Petronet LNG Ltd. is an Indian state-owned natural gas company that operates liquefied natural gas (LNG) terminals and pipelines in India. It operates LNG terminals in Dahej, Gujarat and Kochi, Kerala with a total installed capacity of 19.5 MMTPA. It also has investments in solid cargo port facilities and is exploring direct marketing of natural gas. India faces a large and growing gap between its natural gas supply and demand that is projected to reach 335 MMSCMD by 2019-20, representing a major business opportunity for Petronet LNG.
- Goodrich is one of the largest aerospace suppliers worldwide with over 20,000 employees and 130+ years of operating history.
- In 2003, Goodrich achieved $553M in cash flow from operations and $4.4B in sales, with EPS of $0.85.
- For 2004, Goodrich expects low single-digit sales growth and EPS between $1.20-$1.35, driven by a recovering global economy and stable military market, while commercial OE remains flat.
The document is a presentation for the Russia Forum 2012 discussing preliminary results for 2011. It begins with disclaimers noting the information is from reliable sources but accuracy is not guaranteed and opinions are subject to change. It then outlines the company's key strategic priorities including improving customer service quality, investment efficiency, and energy efficiency through innovative development programs. Charts are presented benchmarking the company against peers on metrics like revenue, profits, and regulated asset base.
The document is a market analysis report from The Radicati Group that examines the corporate web security solutions market in 2011. It segments the market into four categories: specialists, trail blazers, top players, and mature players. The report evaluates vendors based on criteria like functionality and market share. It then plots major vendors in the market into a quadrant chart based on their functionality and size to illustrate their relative position. The report also includes individual analyses of prominent vendors in each category.
Jaguar Land Rover Technical Accreditation SchemeEduSkills OECD
“Presentation delivered at the UKCES-OECD workshop on “Employer Ownership: Strengthening Partnerships to Enhance Skills Investment” held on 16 November 2012 at the UK Skills Show, Birmingham, UK.”
Vietnam Airlines - India new route plantrungthanh224
Vietnam Airlines is Vietnam's national carrier, established in 1993. It has experienced significant growth, with its fleet expanding from 20 aircraft in 1993 to 73 aircraft in 2011. The airline has also grown its network from 14 international and 12 domestic destinations to 26 international and 20 domestic destinations. Vietnam Airlines aims to further expand its fleet to 115 aircraft by 2015 and 180 aircraft by 2020, and increase its routes to 111 and 127 destinations in those respective years. The airline seeks to become the second largest carrier in Southeast Asia by 2015.
dana holdings 9A1CE957-B9FA-4AEB-B390-1F304160E552_JPMorgan020309finance42
Dana Holding Corporation presented at the J.P. Morgan Global High Yield & Leveraged Finance Conference on February 3, 2009. The presentation focused on Dana's key priorities in 2008, which included rebuilding its management team, jump-starting operations through cost reduction actions, addressing strategic issues, and improving financial performance. Dana also discussed its diverse markets, geographic revenues, customer base, debt maturity profile, and pension management issues. The presentation provided an overview of Dana's actions taken in 2008 and outlook for 2009.
- GSM subscriber additions in India continued their declining trend in June 2011, with net additions of 9.6 million, down 10% from the previous month.
- All major operators except BSNL reported a drop in subscriber additions. Bharti and Vodafone each added 2.1 million subscribers.
- The total GSM subscriber base reached 598.8 million in June 2011, with Bharti, Vodafone, Idea and BSNL maintaining their major market shares.
- Marshall Larsen, Chairman, President and CEO of Bear Stearns, spoke at the 11th Annual Commercial Aerospace and Defense Conference on March 2, 2004.
- His presentation included forward-looking statements about the company's plans, objectives and performance, noting that actual results could differ materially from expectations.
- Goodrich is one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history, recently repositioning as a focused aerospace supplier.
The document provides financial highlights for Iochpe-Maxion S.A. for the third quarter of 2007. Key points include:
- Net operating revenue increased 14.1% to R$355.7 million compared to the same period last year.
- EBITDA increased 58.6% to R$57.5 million over the same period last year.
- Net income increased 116.6% to R$30.1 million over the same period last year.
Iochpe-Maxion S.A reported financial results for the fourth quarter and full year of 2007. Net revenue increased 23.9% in 4Q07 and 3.3% for the full year. EBITDA grew 47.8% in 4Q07 and 1.1% for the full year. Net income increased 1,129.0% in 4Q07 and 25.1% for the full year. The results were driven by growth in the Brazilian vehicle and agricultural machinery industries as well as recovery in domestic demand for railway freight cars. Foreign exchange impacts from currency appreciation reduced revenues compared to prior periods.
The document discusses the requirements for Concrete Safety Managers (CSMs) in New York City, including:
1) As of November 1, 2009, CSMs must be registered with the NYC Department of Buildings (DOB) to perform their duties.
2) CSMs must complete a 30-hour safety course from an approved provider like TSC Training Academy before registering.
3) Once designated, the CSM must be present to oversee all concrete operations for the duration of the project and coordinate directly with the Site Safety Manager.
Los blogs son bitácoras virtuales donde se almacenan artículos de forma cronológica y que permiten escribir y comentar artículos a través de sitios como WordPress, el cual permite crear una cuenta y una bitácora gratis llenando un formulario en su página es.wordpress.com.
This document provides information about a 32-hour training program for individuals who erect or dismantle supported scaffolds over 40 feet tall in New York City. The training program covers safety requirements, scaffold types, engineering concepts, and includes hands-on experience. It is offered in four, eight-hour sessions with evening options. Upon completion, participants receive an ID card and manual. Fees are $500 per person but discounts are available for groups of 6 or more.
The document summarizes the financial results of Iochpe-Maxion for the first quarter of 2004. Key highlights include a 13.5% increase in total vehicle production in Brazil compared to Q1 2003. Iochpe-Maxion's net sales increased 44% to R$212.9 million in Q1 2004 from R$148.3 million in Q1 2003. The company's operational result decreased from R$9.7 million in Q1 2003 to R$7.4 million in Q1 2004. Automotive components accounted for 58% of Iochpe-Maxion's revenue in Q1 2004.
Flickr es un servicio para compartir fotografías a través de etiquetas con otras personas desde cualquier parte del mundo, requiriendo una cuenta en Yahoo para subir fotos, etiquetarlas y añadirles descripciones.
Iochpe-Maxion reported strong results in the second quarter of 2004, with organic revenue growth, increasing cash flow generation, and a solid capital structure. The company focuses on logistics equipment and has leading market positions in Brazil. It is expanding production capacity in line with growing demand. The company has been a public company since 1984 and maintains transparency through quarterly investor meetings and a dedicated investor relations website. It has a diverse shareholder base including Bradesco bank and BNDESPAR. Subsidiary Maxion Components Estruturais is a leading producer of automotive chassis and structural components in Brazil, serving over 70% of the market.
Non Deal Roadshow Localiza Goldman Sachs(InglêS)Localiza
Localiza Rent a Car S.A. is a leading car rental company in Brazil with over 1.2 million clients. It has an integrated business platform with divisions in car rental, fleet rental, used car sales, and franchising. Localiza has a competitive advantage through its large scale and integrated platform which provides synergies in costs, cross-selling, and bargaining power. It has the largest distribution network in Brazil with 351 agencies across 9 countries.
Financial Analysis - Zhejiang Expressway Co., ltd., through its subsidiari…BCV
Zhejiang Expressway Co. Ltd. operates and manages toll roads in China. It designs, constructs, and provides services like advertising and fuel facilities for highways. Over half of its revenue and sales come from toll road operations in China. It has a market capitalization of $28.1 billion and its largest shareholders are investment firms like BlackRock and JPMorgan. Analyst recommendations are mixed with most target prices above the current stock price of $6.47.
Group 1 Automotive is a top five U.S. automotive dealer group with over 170,000 vehicle sales in 2008 and $4.3 billion in annual revenue. In the first quarter of 2009, revenues decreased 32.2% to $1.02 billion compared to $1.5 billion in the first quarter of 2008. Parts and service generates 70% of gross profits and covers 75-85% of fixed costs. The company expects to dispose of some dealerships that do not provide acceptable returns in 2009 but does not plan additional acquisitions.
The document discusses the future of automotive distribution in an uncertain world. It notes that pressures are building on the current distribution model and structural changes are needed in scale and scope. However, the biggest challenges will be in changing people and organizations. These changes will transform the shape of future car dealerships.
dana holdings CADF2722-6DAB-4150-AF59-82832D202677_Barclays021009finance42
Dana Holding Corporation presented at the Barclays Capital Industrial Select Conference on February 10, 2009. The presentation focused on Dana's key priorities in 2008, which included rebuilding its team with new leadership, jump-starting operations through cost reduction initiatives, addressing strategic issues, and improving financial performance. Dana outlined actions taken in each area, including leadership changes, plant closures and workforce reductions, and aggressive pricing negotiations. The presentation also provided an overview of Dana's diverse markets, geographic revenues, customers, and debt maturity profile as context.
North zone-CFA Institute Research Challenge in Indiarsnnitjsr
Petronet LNG Ltd. is an Indian state-owned natural gas company that operates liquefied natural gas (LNG) terminals and pipelines in India. It operates LNG terminals in Dahej, Gujarat and Kochi, Kerala with a total installed capacity of 19.5 MMTPA. It also has investments in solid cargo port facilities and is exploring direct marketing of natural gas. India faces a large and growing gap between its natural gas supply and demand that is projected to reach 335 MMSCMD by 2019-20, representing a major business opportunity for Petronet LNG.
- Goodrich is one of the largest aerospace suppliers worldwide with over 20,000 employees and 130+ years of operating history.
- In 2003, Goodrich achieved $553M in cash flow from operations and $4.4B in sales, with EPS of $0.85.
- For 2004, Goodrich expects low single-digit sales growth and EPS between $1.20-$1.35, driven by a recovering global economy and stable military market, while commercial OE remains flat.
The document is a presentation for the Russia Forum 2012 discussing preliminary results for 2011. It begins with disclaimers noting the information is from reliable sources but accuracy is not guaranteed and opinions are subject to change. It then outlines the company's key strategic priorities including improving customer service quality, investment efficiency, and energy efficiency through innovative development programs. Charts are presented benchmarking the company against peers on metrics like revenue, profits, and regulated asset base.
The document is a market analysis report from The Radicati Group that examines the corporate web security solutions market in 2011. It segments the market into four categories: specialists, trail blazers, top players, and mature players. The report evaluates vendors based on criteria like functionality and market share. It then plots major vendors in the market into a quadrant chart based on their functionality and size to illustrate their relative position. The report also includes individual analyses of prominent vendors in each category.
Jaguar Land Rover Technical Accreditation SchemeEduSkills OECD
“Presentation delivered at the UKCES-OECD workshop on “Employer Ownership: Strengthening Partnerships to Enhance Skills Investment” held on 16 November 2012 at the UK Skills Show, Birmingham, UK.”
Vietnam Airlines - India new route plantrungthanh224
Vietnam Airlines is Vietnam's national carrier, established in 1993. It has experienced significant growth, with its fleet expanding from 20 aircraft in 1993 to 73 aircraft in 2011. The airline has also grown its network from 14 international and 12 domestic destinations to 26 international and 20 domestic destinations. Vietnam Airlines aims to further expand its fleet to 115 aircraft by 2015 and 180 aircraft by 2020, and increase its routes to 111 and 127 destinations in those respective years. The airline seeks to become the second largest carrier in Southeast Asia by 2015.
dana holdings 9A1CE957-B9FA-4AEB-B390-1F304160E552_JPMorgan020309finance42
Dana Holding Corporation presented at the J.P. Morgan Global High Yield & Leveraged Finance Conference on February 3, 2009. The presentation focused on Dana's key priorities in 2008, which included rebuilding its management team, jump-starting operations through cost reduction actions, addressing strategic issues, and improving financial performance. Dana also discussed its diverse markets, geographic revenues, customer base, debt maturity profile, and pension management issues. The presentation provided an overview of Dana's actions taken in 2008 and outlook for 2009.
- GSM subscriber additions in India continued their declining trend in June 2011, with net additions of 9.6 million, down 10% from the previous month.
- All major operators except BSNL reported a drop in subscriber additions. Bharti and Vodafone each added 2.1 million subscribers.
- The total GSM subscriber base reached 598.8 million in June 2011, with Bharti, Vodafone, Idea and BSNL maintaining their major market shares.
- Marshall Larsen, Chairman, President and CEO of Bear Stearns, spoke at the 11th Annual Commercial Aerospace and Defense Conference on March 2, 2004.
- His presentation included forward-looking statements about the company's plans, objectives and performance, noting that actual results could differ materially from expectations.
- Goodrich is one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history, recently repositioning as a focused aerospace supplier.
The document provides financial highlights for Iochpe-Maxion S.A. for the third quarter of 2007. Key points include:
- Net operating revenue increased 14.1% to R$355.7 million compared to the same period last year.
- EBITDA increased 58.6% to R$57.5 million over the same period last year.
- Net income increased 116.6% to R$30.1 million over the same period last year.
Iochpe-Maxion S.A reported financial results for the fourth quarter and full year of 2007. Net revenue increased 23.9% in 4Q07 and 3.3% for the full year. EBITDA grew 47.8% in 4Q07 and 1.1% for the full year. Net income increased 1,129.0% in 4Q07 and 25.1% for the full year. The results were driven by growth in the Brazilian vehicle and agricultural machinery industries as well as recovery in domestic demand for railway freight cars. Foreign exchange impacts from currency appreciation reduced revenues compared to prior periods.
The document discusses the requirements for Concrete Safety Managers (CSMs) in New York City, including:
1) As of November 1, 2009, CSMs must be registered with the NYC Department of Buildings (DOB) to perform their duties.
2) CSMs must complete a 30-hour safety course from an approved provider like TSC Training Academy before registering.
3) Once designated, the CSM must be present to oversee all concrete operations for the duration of the project and coordinate directly with the Site Safety Manager.
Los blogs son bitácoras virtuales donde se almacenan artículos de forma cronológica y que permiten escribir y comentar artículos a través de sitios como WordPress, el cual permite crear una cuenta y una bitácora gratis llenando un formulario en su página es.wordpress.com.
This document provides information about a 32-hour training program for individuals who erect or dismantle supported scaffolds over 40 feet tall in New York City. The training program covers safety requirements, scaffold types, engineering concepts, and includes hands-on experience. It is offered in four, eight-hour sessions with evening options. Upon completion, participants receive an ID card and manual. Fees are $500 per person but discounts are available for groups of 6 or more.
The document summarizes the financial results of Iochpe-Maxion for the first quarter of 2004. Key highlights include a 13.5% increase in total vehicle production in Brazil compared to Q1 2003. Iochpe-Maxion's net sales increased 44% to R$212.9 million in Q1 2004 from R$148.3 million in Q1 2003. The company's operational result decreased from R$9.7 million in Q1 2003 to R$7.4 million in Q1 2004. Automotive components accounted for 58% of Iochpe-Maxion's revenue in Q1 2004.
Flickr es un servicio para compartir fotografías a través de etiquetas con otras personas desde cualquier parte del mundo, requiriendo una cuenta en Yahoo para subir fotos, etiquetarlas y añadirles descripciones.
Iochpe-Maxion reported strong results in the second quarter of 2004, with organic revenue growth, increasing cash flow generation, and a solid capital structure. The company focuses on logistics equipment and has leading market positions in Brazil. It is expanding production capacity in line with growing demand. The company has been a public company since 1984 and maintains transparency through quarterly investor meetings and a dedicated investor relations website. It has a diverse shareholder base including Bradesco bank and BNDESPAR. Subsidiary Maxion Components Estruturais is a leading producer of automotive chassis and structural components in Brazil, serving over 70% of the market.
Iochpe-Maxion - 2001 Presentation With PhotosIochpe-Maxion
Iochpe-Maxion has undergone restructuring in recent years, improving operational performance and capital structure. This has created a basis for a new strategic phase focused on new projects, continuous improvement, and higher production capacity utilization. As part of this strategy, Iochpe-Maxion recently acquired assets from two companies to expand its product lines and increase synergies within existing manufacturing units.
Iochpe-Maxion reported strong organic growth in revenues and steady operational margins in the third quarter of 2004. The company has a solid capital structure and local market leadership in Brazil, and is focusing on expanding exports and increasing capacity in line with demand growth through capital expenditures. The company has been a public company since 1984 and maintains a dividend payout of 37% of net income along with board representation for minority shareholders. In the third quarter of 2004, the automotive industry in Brazil saw large increases in vehicle production and exports compared to the prior year. Iochpe-Maxion's Wheels and Chassis division achieved sales growth through increased demand from key customers.
The document summarizes information from the Brazil Annual Conference held in Santander, Brazil in June 2005. It provides details on Iochpe-Maxion's operations, including its three divisions focused on wheels and chassis, railway equipment, and automotive components. Financial information is presented on the consolidated results of Iochpe-Maxion and its divisions for 1Q05 compared to 1Q04, showing increases in net sales, gross profit, and margins year-over-year. Market share and customer data by division is also summarized for the respective periods.
Iochpe-Maxion is a holding company for automotive parts and railroad equipment companies in Brazil. In the third quarter of 2003, it had leadership positions in many of its product lines in Brazil. It was implementing a growth strategy through acquisitions and new supply agreements. Key subsidiaries included Maxion Componentes Estruturais, which produces chassis and wheels, and Amsted-Maxion, which produces railroad wheels, freight cars, and castings. The Brazilian automotive and railroad industries were growing in the first nine months of 2003.
Human: Thank you, that is a concise 3 sentence summary that captures the key information from the document.
The document discusses Iochpe-Maxion, a Brazilian company with two major operations: wheels and chassis for commercial vehicles, and equipment for the railroad industry. It has a third, smaller operation producing auto parts for passenger cars. The document provides an overview of Iochpe-Maxion's history and corporate structure, and analyzes its wheels and chassis division which produces parts for trucks, buses, and agricultural machinery, accounting for over half of its net sales. Production and export figures for the Brazilian automotive industry are also presented.
Iochpe-Maxion - Deutsche Bank GEMS Conference PresentationIochpe-Maxion
The document is a presentation from Deutsche Bank's GEM Conference in September 2005 about Iochpe-Maxion, a Brazilian automotive components manufacturer. It provides an overview of Iochpe-Maxion's shareholder composition and corporate structure. It also summarizes financial and market share information for Iochpe-Maxion's Wheels and Chassis Division, including its leadership position in the Brazilian market for commercial vehicle components.
Iochpe-Maxion - Merril Lynch Small & Mid Cap Conference PresentationIochpe-Maxion
Iochpe-Maxion operates in three divisions: wheels and chassis for commercial vehicles, railroad equipment, and automotive parts. It has plants in São Paulo and Minas Gerais states in Brazil. The company was founded in 1918 and has undergone restructuring and ownership changes. Today it has over 5,900 employees. Its largest division is wheels and chassis, which supplies parts for trucks, buses, and agricultural vehicles, accounting for 57% of sales in 9M04. This division has experienced strong and consistent growth in recent years.
This document summarizes a presentation by Phil Martens, President of Light Vehicle Systems at ArvinMeritor, at the 2008 Morgan Stanley Global Automotive Conference. The presentation outlines ArvinMeritor's priorities for 2008, which include radically improving costs through restructuring, improving free cash flow, capitalizing on growth in emerging markets, aligning with key customers, and launching new products. Examples of actions taken to achieve the priorities and financial assumptions for 2008 are provided.
Magnaghi Aeronautica is an Italian aerospace group focused on acquiring and developing aeronautic companies operating in high-technology niches like composite materials, landing gear systems, and aircraft maintenance. The group's companies work on programs for commercial, military, and business aircraft, and aim to consolidate their position in the international market through major programs. Some of the group's divisions and their product offerings are described.
The document discusses Mekko Graphics, a tool used by private equity firms for strategic due diligence. It can create various chart types to analyze markets, competitors, customers and companies. These include Marimekko charts, bar-mekko charts, and charts with CAGR columns. Mekko Graphics supports over 75% of top private equity firms and has 15+ years of experience satisfying strategic consultants, firms and Fortune 500 strategy teams. Examples show how its charts can map markets by industry/size, track market trends over time, and present competitive positioning by industry vertical.
Jim Donlon, Chief Financial Officer of ArvinMeritor, presented at the Lehman Brothers Industrial Select Conference. He discussed (1) the sale of the company's Emissions Technologies business for $310 million, which will allow the company to focus on its core businesses. He (2) outlined the company's growth strategy going forward, which includes tripling sales in Asia and aftermarket. The sale will (3) narrow the company's focus and allow it to invest proceeds into organic growth, acquisitions, and paying down long-term liabilities.
1) The document summarizes Jim Donlon, the Chief Financial Officer of Lehman Brothers, presenting at an industrial select conference.
2) It discusses Lehman Brothers agreeing to sell its Emissions Technologies business for $310 million, allowing it to focus on core areas like chassis, drivetrain and apertures.
3) The divestiture will reduce Lehman Brothers' sales from $8.9-9.1 billion to $5.9-6.1 billion and reduce facilities from 112 to 75 and employees from 27,500 to 20,000.
The document is an earnings release for Iochpe-Maxion S.A. for the first quarter of 2008. Some key highlights include consolidated net operating revenue increasing 40% year-over-year to R$400.6 million. EBITDA increased 70.4% to R$61.3 million and net income increased 203.7% to R$34.7 million. Net debt was R$161.9 million, or 0.9x EBITDA. Charts show growth in light commercial vehicles and truck production in Brazil.
The document announces that ArvinMeritor will spin off its Light Vehicle Systems segment into a separate publicly traded company. The spinoff is expected to be completed within the next 12 months and will allow each company to focus on its specific market and improve shareholder value. It provides an overview of the new Light Vehicle Systems company, including its leadership team, global operations, strong brand portfolio, and growth opportunities in international markets.
The document announces that ArvinMeritor will spin off its Light Vehicle Systems segment into a separate publicly traded company. The spinoff is expected to be completed within the next 12 months and will allow each company to focus on its specific business areas. It provides an overview of the new Light Vehicle Systems company, including its leadership team, global operations, strong brand portfolio, and growth opportunities in international markets. Financial projections indicate the new company is well positioned for margin expansion and profitable growth.
This document summarizes a presentation given by Phil Martens, President of Light Vehicle Systems at ArvinMeritor, and Jim Donlon, Senior Vice President and CFO of ArvinMeritor, at the Morgan Stanley Global Automotive Conference. The presentation provides an overview of Light Vehicle Systems, its performance and margins, strategies for improving performance through initiatives like Performance Plus, new product development focusing on smart systems and expanding engineering capabilities, and a strategy for growth in Asia.
This document summarizes a presentation given by Phil Martens, President of Light Vehicle Systems at ArvinMeritor, and Jim Donlon, Senior Vice President and CFO of ArvinMeritor, at the Morgan Stanley Global Automotive Conference. The presentation provides an overview of Light Vehicle Systems, its performance and margins, strategies for improving performance through initiatives like Performance Plus, new product development focusing on smart systems and expanding engineering capabilities, and a strategy for growth in Asia.
Carlisle Investor Presentation June 2011carlisle_com
The presentation provides an overview of Carlisle Companies and its strategic focus. It discusses Carlisle's operating segments and end markets served. It also summarizes recent strategic actions including acquisitions, debt refinancing, and productivity initiatives. Carlisle's goal is to achieve $5 billion in sales, 15% EBIT margins, 30% of revenue from outside the US, 15% return on invested capital, and 15% working capital to sales through organic growth, acquisitions, and operating improvements.
Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel ConferenceAnglo American
We aim to deliver a future with real and sustainable value. Read our presentation as delivered by Cynthia Carroll, Chief Executive, Anglo American, at the Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference.
You can find out more about Anglo American here:
http://www.angloamerican.com/
http://www.facebook.com/angloamerican
http://www.twitter.com/angloamerican
http://www.youtube.com/angloamerican
http://www.flickr.com/photos/angloamerican
http://www.linkedin.com/company/anglo-american
Similar to Iochpe-Maxion - First Quarter 2006 Full Presentation (20)
Iochpe-Maxion reported financial results for the first quarter of 2006. Net income was R$14.9 million, a 1.4% decrease from the first quarter of 2005. Net operating revenue declined 3.5% to R$340.3 million compared to the same period last year. EBITDA decreased 6.4% to R$44.7 million. Net bank debt was R$150.8 million, representing a debt to EBITDA ratio of 0.7 times. The company saw declines in key markets such as light commercial vehicles, trucks, buses, and agricultural machinery in Brazil compared to the previous year.
Iochpe-Maxion reported earnings for the fourth quarter of 2008 and full year 2008. Net operating revenue increased 40.7% to R$462 million in 4Q08 and 41.8% to R$1.828 billion in 2008. EBITDA grew 34.3% to R$46 million in 4Q08 and 71.7% to R$267.7 million in 2008. Net income declined 71.3% to R$4.9 million in 4Q08 but increased 195.7% to R$214.1 million for the full year 2008. The results were driven by growth in the wheels and chassis divisions as well as the impact of currency depreciation.
The document provides highlights and financial results for Iochpe-Maxion S.A. for 2005. Key points include:
- Net income grew 42% to R$72 million. Revenue increased 36% to R$1.494 billion and EBITDA rose 32% to R$205 million.
- Exports totaled R$231.4 million, a 20% increase, with the largest markets being the US, South America, and Europe.
- Earnings improved across key financial metrics such as gross profit, EBIT, and EBITDA margins. Net debt was low at 0.6x EBITDA.
- The company held leading market shares in Brazil for products
The document provides a summary of a company's 3Q09 earnings release and performance compared to 4T08 and full year 2008. Key highlights include a 40.9% reduction in net operating revenue in 3Q09 versus the same period in 2008. EBITDA declined 63.4% and net income declined 91.2% over the same period. The declines were driven by reductions in production of trucks, buses, and agricultural machinery in Brazil as well as lower domestic and export demand.
Iochpe-Maxion reported financial results for the third quarter of 2008. Net operating revenue increased 47% to R$523 million compared to the prior year period. EBITDA grew 60.4% to R$92.2 million. Net income increased substantially to R$130.9 million, though part of this increase was due to a non-recurring gain. Exports increased 27.1% in US dollar terms. Overall results were positively impacted by growth in vehicle production and demand for railway freight cars in Brazil.
The document is Iochpe-Maxion's 1Q09 earnings release which summarizes the company's financial performance in the first quarter of 2009 compared to the same period in 2008. Key highlights include a 27.4% reduction in consolidated net operating revenue to R$290.6 million. EBITDA fell 58.1% to R$25.2 million and the company reported a net loss of R$3.2 million compared to a net profit in 1Q08. Exports declined 40.3% in US dollar terms. The earnings decline was driven by reductions in vehicle production and demand across key markets including Brazil, North America, and Europe.
The document provides an earnings release for Iochpe-Maxion S.A. for the second quarter of 2009. It highlights a 36.8% reduction in consolidated net operating revenue compared to the same period last year. EBITDA was down 72.1% and net income fell 89.5% year-over-year. Reduced production of trucks, buses, and agricultural machinery in Brazil along with decreased domestic demand drove the financial declines.
The document provides an overview of Maxion's financial performance in the second quarter of 2007. Some key points:
- Consolidated net operating revenue decreased 3.5% to R$319 million compared to the same period last year.
- EBITDA decreased 37.5% to R$36.4 million over the previous year.
- Net income decreased 49.7% to R$13.9 million.
- Exports totaled US$33.8 million, an increase of 27.9% compared to the second quarter of 2006.
- Iochpe-Maxion reported consolidated net operating revenue of R$442.1 million for 2Q08, an increase of 38.6% over 2Q07.
- EBITDA for 2Q08 was R$71.9 million, an increase of 97.3% compared to 2Q07.
- Net income for 2Q08 was R$44.1 million, an increase of 217.5% over 2Q07.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
2. DISCLAIMER
The material contained in this presentation is general background information about Iochpe-Maxion S.A. (Iochpe)
as of the date of the presentation. It is information in summary form and does not purport to be complete. It is
not intended to be relied upon as advice to potential investors. No representation or warranty, express or
implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the
information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the U.S.
Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking
statements are only predictions and are not guarantees of future performance. Investors are cautioned that any
such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and
factors relating to the operations and business environments of Iochpe and its subsidiaries that may cause the
actual results of the companies to be materially different from any future results expressed or implied in such
forward-looking statements.
Although Iochpe believes that the expectations and assumptions reflected in the forward-looking statements are
reasonably based on information currently available to Iochpe management, Iochpe cannot guarantee future
results or events. Iochpe expressly disclaims a duty to update any of the forward-looking statement.
This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or
purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any
contract or commitment whatsoever.
2
3. BUSINESS STRUCTURE
Iochpe-Maxion S.A.
Iochpe-
50% 100%
Amsted-Maxion Fundição e
Amsted- Maxion Sistemas Automotivos
Equipamentos Ferroviários S.A. Ltda.
Wheels and Frames Automotive
Railway Equipment Division Components Division
Auto parts for light
vehicles: 6%1
Railway freight cars: 28%1 Frames: 32%1
Railway casting and wheel: Wheels: 21%1
13%1
1 % of consolidated net revenues in the first quarter of 2006 3
5. AMSTED MAXION JOINT VENTURE
Amsted Industries is the leading manufacturer of railway castings in North America
Strategic alliance with Amsted Industries Benefits from the partnership with Amsted Industries:
General characteristics of Amsted-Industries:
Access to state of the art technologies
85% of sales are derived from the North
American market
Access to the largest markets of railway
47 plants located in 11 countries
castings worldwide
9,200 employees
Revenues in 2005: US$2.5bn Important costumer of Amsted-Maxion
exports
+ =
Brand widely recognized worldwide
Leadership in the Brazilian market and
Sucessful partnership
competitiveness in the international market
5
6. INDUSTRIAL PARK
Iochpe-Maxion’s production plants localization
Iochpe- Maxion’s Costs of goods sold (% of total - 2005)
2005)
Salaries
Raw 16%
materials
and inputs D& A and
78% maintence
expenses
Hortolândia (SP) 6%
Rayway Equipments
MG Iochpe-Maxion’s gross margin vs. steel price1 (US$/ton)
Iochpe-
Contagem (MG)
Osasco (SP) SP Iochpe’s gross margin International steel price
Auto parts division 25.0%
Rayway Equipments 2002 2003 2004 2005
20.0%
21,1% 20,2% 20,7% 19,3%
Cruzeiro (SP) Cruzeiro (SP) 15.0%
800 (1 8 ,3
% %)
Rayway Equipments Wheel and Frames 9 0 ,9
Divison 600
6,5%
4 4 , 2%
Utilization rate 400
92%
200
75%
0
Jan-02 Jun-02 Dec-02 Jun-03 Dec-03 May-04 Nov-04 May-05 Oct-05
Rayway Equipments Wheel and frame 1Weekly spot price of US imports of hot rolled coil
Division
Source: Bloomberg 6
7. CUSTOMERS AND QUALITY
Products and processes certified in Brazil and abroad by leading independent institutions
Distribution of consolidated net revenues by client (1Q06)
(1Q06) Exclusive supplier
Exclusivity in the supply of (among others):
Others
36% Frames of S10’ platform for General Motors
Frames for Volkswagen Caminhões (trucks)
Exports
19% Frames for Ford Cargo (8-ton trucks)
Brasil
Frames for Scania’s buses
Ferrovias
10% Side members for Daimler Chrysler
CVRD/FCA
Daimler 12% Highway wheels for (i) Volkswagen Caminhões (trucks); (ii)
VW
Chrysler Scania; (iii) Volvo; (iv) AGCO; (v) Valtra
12%
11% Castings for industrial machinery for Caterpillar
Distribution of net revenues by client in each of Iochpe Maxion’s major businesses (1Q06)
1Q06)
Wheels Frames Amsted-Maxion
Others Daimler Others
Exports CVRD/FCA
Others 23% Chrysler 12%
27% 29%
31% 31% MRS
5%
Ford
7%
Brasil
Scania Tractors GM Ferrov.
11% VW 19% 13% VW 25% Exports
12% 26% 29%
7
8. STRATEGIC VIEW
Our strategies have focused on the maintenance of our leadership position in the markets in which we operate
Expand our
production Enlarge our industrial park and increase production capacity in Brazil so as to enable the
capacity Company to meet the growing demand in the national and international markets
Consolidate our presence in the segment of spare wheels for commercial vehicles
Increase our Increase exports of railway freight cars to countries with no local production
share in Increase exports of railway castings through the partnership with Amsted Industries
international
markets Increase share in the U.S. market of large steel castings for industrial machinery
Manufacture of some of our products in Asia
Strengthen services rendered to railway operators (maintenance of railway cars and
New business supply of spare parts)
and products
Increase number of products and services having synergies with our current activities
Selected acquisitions in our industry
8
12. EBITDA (*)
R$ MM % net sales
250 20%
17%
200 16%
15%
14% 14% 14%
13% 13%
150
10%
100 205
156
5%
50 89
69
58
48 45
0 0%
00
1
00
2
00
3
00
4
00
5 05 06
2 2 2 2 2 1Q 1Q
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
12
13. NET BANK DEBT
R$ MM x EBITDA (*)
200 2.0
175
150 1.5 1.5
1.3
125
1.1
100 1.0
0.9
158
75 151
0.7
0.6 1250.6
115
106
50 0.5
102
65
25
0 0.0
00
1
00
2
00
3
00
4
00
5 05 06
2 2 2 2 2 1Q 1Q
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating result, plus net
financial expenses, plus depreciation and amortization, plus goodwill amortization.
13
14. LIGHT COMMERCIALS – BRAZIL (‘000 units)
Production
%
= 14 Export
– 05
R 01 %
C AG = 29
– 05
R 01
C AG
366 %
05 = 13
318 ∆ 1Q06 -
%
– 05 = 8
∆ 1Q06
216 216
180
156
114
72 80 90
56
40 32 35
0 1 0 2 0 3 0 4 0 5 05 06
20 20 20 20 20 1 Q 1 Q
Source: Anfavea
14
27. INCOME STATEMENT (R$ thousand)
First Quarter
2,006 % N.O.R. 2,005 % N.O.R. Var%
Net operating revenue 340,321 100.0% 352,579 100.0% -3.5%
(-) Cost of goods sold (276,483) -81.2% (281,082) -79.7% -1.6%
Gross profit 63,838 18.8% 71,497 20.3% -10.7%
Operating expenses
Sales (14,708) -4.3% (17,238) -4.9% -14.7%
General and Administrative (11,505) -3.4% (12,202) -3.5% -5.7%
Other operating expenses 58 0.0% (807) -0.2% -107.2%
(26,155) -7.7% (30,247) -8.6% -13.5%
Earnings before interest and taxes - EBIT 37,683 11.1% 41,250 11.7% -8.6%
Net financial expenses (6,162) -1.8% (8,700) -2.5% -29.2%
Earnings after financial expenses 31,521 9.3% 32,550 9.2% -3.2%
Non-operating result (5,106) -1.5% (5,284) -1.5% -3.4%
Earnings before taxes 26,415 7.8% 27,266 7.7% -3.1%
Income taxes (11,511) -3.4% (12,151) -3.4% -5.3%
Net income 14,904 4.4% 15,115 4.3% -1.4%
EBITDA (*) 44,666 13.1% 47,724 13.5% -6.4%
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating 27
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
28. INCOME STATEMENT (R$ thousand)
2005 % net sales 2004 % net sales Var. 05/04
Net operating revenue 1,494,029 100.0% 1,098,597 100.0% 36.0%
(-) Cost of goods sold (1,205,374) -80.7% (871,084) -79.3% 38.4%
Gross profit 288,655 19.3% 227,513 20.7% 26.9%
Operating expenses
Sales (65,452) -4.4% (55,339) -5.0% 18.3%
General and administrative (43,241) -2.9% (38,874) -3.5% 11.2%
Other operating expenses (2,357) -0.2% (6,586) -0.6% -64.2%
(111,050) -7.4% (100,799) -9.2% 10.2%
Earnings before interest and taxes - EBIT 177,605 11.9% 126,714 11.5% 40.2%
Net financial expenses (37,118) -2.5% (32,578) -3.0% 13.9%
Earnings after financial expenses 140,487 9.4% 94,136 8.6% 49.2%
Non-operating result (20,272) -1.4% (20,570) -1.9% -1.4%
Income taxes and minority interest (48,084) -3.2% (22,740) -2.1% 111.5%
Net income 72,131 4.8% 50,826 4.6% 41.9%
EBITDA(*) 204,724 13.7% 155,478 14.2% 31.7%
(*) EBITDA, throughout this presentation means: net income plus income tax and social contribution, plus non-operating 28
result, plus net financial expenses, plus depreciation and amortization, plus goodwill amortization.
29. BALANCE SHEET (R$ thousand)
ASSETS Mar ´06 Mar ´05 LIABILITES AND EQUITY Mar ´06 Mar ´05
CURRENT CURRENT
Cash and marketable securities 22,639 30,287 Loans 113,814 144,965
Receivables 186,422 180,713 Payables 64,501 73,969
Inventories 131,822 160,479 Costumers advances 51,984 69,558
Recoverable taxes 18,895 26,648 Wages and charges 29,507 25,403
Other 28,077 18,833 Taxes 9,360 23,601
387,855 416,960 Provisions 7,869 15,067
Other 12,648 36,820
289,683 389,383
LONG TERM LONG TERM
Receivables 2,832 4,533 Loans 59,625 42,148
Deferred income taxes 28,945 40,090 Provisions 62,601 36,918
Other 13,762 29,872 Other 14,865 4,246
45,539 74,495 137,091 83,312
MINORITY INTEREST 195 176
PERMANENT EQUITY
Investments 369 265 Paid-up capital 161,463 161,463
Plant, property and equipment 235,540 178,763 Profit reserves 68,468 24,770
Deferred items 2,501 3,736 Retained earnings 14,904 15,115
238,410 182,764 244,835 201,348
671,804 674,219 671,804 674,219
29
30. BALANCE SHEET (R$ thousand)
ASSET Dec ´05 Dec ´04 LIABILITIES Dec ´05 Dec ´04
CURRENT CURRENT
Cash and cash equivalents 51,962 73,926 Loans, financing and debenture 79,195 116,846
Trade accounts receivable 151,733 122,538 Accounts payable to suppliers 66,557 68,305
Inventories 142,494 149,353 Salaries and related charges 30,672 25,931
Taxes recoverable 6,130 18,779 Taxes payable 3,891 13,268
Other 22,842 23,060 Provisions 13,360 13,759
375,161 387,656 Other 89,997 106,789
283,672 344,898
NON CURRENT ASSETS NON CURRENT LIABILITIES
Trade accounts receivable 3,890 5,220 Loans, financing and debenture 97,694 58,983
Taxes recoverable 21,361 12,945 Provisions 46,866 38,032
Deferred income and social contribution taxes 32,353 40,090 Other 16,586 2,899
Other 9,810 9,053 161,146 99,914
67,414 67,308
MINORITY INTEREST 182 167
PERMANENT ASSETS SHAREHOLDERS' EQUITY
Investments 369 509
Property, plant and equipment 229,123 171,568 Capital 161,463 161,463
Deferred charges 2,864 4,171 Profit reserves 68,468 24,770
232,356 176,248 229,931 186,233
674,931 631,212 674,931 631,212
30
31. NET DEBT BREAKDOWN – MAR ‘06 (R$ million)
Lines Short Term Long Term Total
Trade Finance / Export 27.9 15.0 42.9
Equipment financing 82.6 44.6 127.2
Other lines in R$ 3.3 3.3
113.8 59.6 173.4
(-) Cash and Cash equivalents 22.6 22.6
Net Debt 91.2 59.6 150.8
31
32. DEBT INDEXATION – MAR ‘06 (%)
TJLP
(BNDES Average Cost (1Q06)
rate) 71%
In R$ 71% CDI
In US$ 7.8% p.a.
2% 25%
2% Dollar
IGPM Interbank
(whosale rate
inflation
index)
32
33. FREIGHT CARS – FIRM ORDERS FOR DELIVERY IN 2006
CVRD / FCA 1,276 units
Brasil Ferrovias 720 units
MRC (Mitsui / Bunge / ALL)
(Mitsui 300 units
Revenue Approx.
MRS 280 units
R$510 million
CVG Ferrominera Orinoco 50 units
Itaú Leasing (Inlogs / ALL)
Itaú (Inlogs 69 units
Total 2,695 units
33
34. STOCK PERFORMANCE
R$ THOUS. R$ / SHARE (*)
5,000 24.0
DAILY VOLUME / MONTHLY AVERAGE PRICE
IOCHPE-MAXION PN (MYPK4)
4,500 21.1
20.0
4,000
16.8 18.8
16.2 16.2 18.0
3,500 16.3 16.0 15.9
15.5 3,225 16.0
14.114.2 14.2 14.4
3,000 13.6
12.4
PRICE 2,388
2,500 12.0
9.6
2,000 8.7 8.5
VOLUME
6.8 8.0
1,500 1,385 5.5 1,366
4.9 4.7
4.0 4.0 1,004 966
1,000
4.0 3.9 4.1 849
4.0
556
500 401 354 253 381
262 296 289 333 303 384
171 205 183 144 156
43 151 190 123 139
- -
Ju 4
Ju 5
Fe 04
Au 04
Se 04
Fe 05
Au 05
Se 05
Fe 06
Ja 03
M 05
M 04
M 04
Ju 04
O 04
D 04
Ja 04
M 05
M 06
Ju 05
O 05
D 05
Ja 05
Ap 04
N 04
Ap 05
6
N 05
0
0
-0
n-
n-
n-
l-
n-
l-
n-
-
b-
g-
b-
g-
b-
-
r-
-
p-
-
-
r-
-
p-
-
-
-
-
-
ay
ov
ay
ov
ec
ar
ec
ar
ec
ar
ct
ct
D
(*) after reverse split
34
37. BRAZILIAN RAILWAY TRANSPORTATION
Cargo Transportation Matrix
% Railway Cargo Transportation
% by type - 2003
30%
Railway Road Waterway 25%
24% 24%
Russia 81% 08% 11% 21%
20%
India 50% 50% 00%
Canada 46% 43% 11%
10%
Australia 43% 53% 04%
USA 43% 32% 25%
0%
Brazil 24% 62% 14% 1997 2003 2004 2005
Source: ANTF
37
38. BRAZILIAN RAILWAY TRANSPORTATION
Announced expansion projects in the railway network
Expansion of transported volume by Estrada de Ferro Carajás from 70 million tons to 100
million tons and, later, to 180 million tons;
Extension of Ferrovia Norte-Sul;
New routes for Companhia Ferroviária Nordeste – CFN;
Expansion of transported volume by MRS from 110 million tons in 2005 to 180 million tons in
2009
Expansion of CSN’s Casa de Pedra mine from 16 million tons to 40 million tons;
Change of control and extension of Brasil Ferrovias;
Change of control of Ferrovia Novoeste; and
Construction of metropolitan “ring” railways (São Paulo, Belo Horizonte, Rio de Janeiro and
Curitiba)
Source: Newsrun
38
39. BRAZILIAN COMMERCIAL VEHICLE FLEET
Fleet Size Average Fleet Age
(in thousand units) (in years)
Pickups 3,088 Pickups 8.6
Trucks 1,169 Trucks 12.0
Buses 258 Buses 9.9
Source: Sindipeças
39