CCR reported its 1Q12 earnings results, which showed increases in several key financial metrics compared to 1Q11:
- Traffic increased 5.1%
- EBITDA increased 17.9% to R$780.5 million, with the margin expanding 1.9 percentage points to 65.3%
- Net income increased 64.7% to R$288.6 million
The earnings growth was driven by increased cash flow generation from higher traffic and tariffs, combined with reductions in operational costs and financial expenses. Subsequent to 1Q12, CCR also reported the acquisition of an 80% stake in BARCAS and being awarded the concession for Transolímpica.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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
4. Highlights
TRAFFIC:
Increase of 5.1% compared to 1Q11.
ELECTRONIC TOLL COLLECTION:
Electronic toll collections reached 65.6% of total toll revenues, with the number
of users of the STP system expanding by 23.8% compared to March 2011,
reaching 3,374,000 active tags.
EBITDA and EBITDA MARGIN
Increase of +17,9% in EBITDA, with margin of 65.3%, up 1.9 p.p. in relation to
1Q11.
NET INCOME
Reached R$ 288.6 million, benefited by increased cash flow generation,
reduction of operational costs and financial expenses.
4
5. Subsequent Event
On April 4, 2012 CCR reported to its shareholders and the market in general that, on
that date, its subsidiary, Companhia de Participações em Concessões, signed a Stock
Purchase and Sale and Other Agreements Contract irrevocable and undeniable for
the acquisition of shares representing 80.00% of the capital stock of BARCAS, for the
acquisition price, subject to adjustments as defined in the contract, of R$ 72.0 million
(January 2011).
On April 13, 2012, the Company approved the distribution of supplementary
dividends related to the fiscal of 2011, proposed by company’s management, in the
amount of R$ 0.06/share, distributed as from April 27, 2012. Considering the
anticipation of dividends paid in September 30, 2011, of R$ 0.40/share, in 2011,
payout was 89.2%.
5
6. Subsequent Event
On April 19, 2012 CCR reported to its shareholders and the market in general that the
Special Tender Commission declared the Consórcio Rio Olímpico, composed by CCR
(33.33%), Investimentos e Participações em Infraestrutura S.A. - Invepar (33.34%) and
Odebrecht TransPort Participações S.A. (33.33%), the winner of the Transolímpica, by
offering the highest sum in payment for the award of the concession, in the amount of R$
57.9 million.
On April 26, 2012 CCR reported to its shareholders and the market in general that, as a
result of the Material Fact published by the Company on April 19, 2012, the
CONCESSIONÁRIA TRANSOLÍMPICA S.A. signed the Concession Contract for the
concession award to build, operate, maintain, monitor, conserves and improve the “Ligação
Transolímpica” for a period of 35 (thirty five) years.
6
7. Earnings Highlights
Expansion of EBITDA margin as a result of...
Financial Indicators (R$ MM) 1Q11 1Q12 Chg %
Net Revenues* 1,043.4 1,194.6 14.5%
EBIT 483.5 607.6 25.7%
EBIT Mg. 46.3% 50.9% +4,6 p.p
EBITDA 662.0 780.5 17.9%
EBITDA Mg. 63.4% 65.3% +1,9 p.p
Net Income 175.2 288.6 64.7%
Net Debt / EBITDA LTM 2.3 1.9 -
EBITDA / CAPEX 3.9 7.2 -
EBITDA / Interes and Monetary Variation 3.5 4.3 -
* Net Operational Revenues excludes Construction Revenues
... Increased cash generation and capital discipline.
8
10. Revenues and Costs (1Q11 X 1Q12)
Aprox. contribution to
Source Increase %
EBITDA increase (R$ MM)
EBITDA increased 17.9% +31 Traffic 5.1%
+ R$ 119 MM +48 Tariff and ancillary rev. 7.9%
+15 Other revenues 26.2%
+23 Ebitda margin increase +1.9 p.p.
Total Costs (R$ MM)
15%
1% Costs 1Q11 X 1Q12 (R$ 45%
2% MM) Total
13%
Costs
16 (62) Reduction
14 2 1
35% 5%
696
21%
(19) 661
13
1Q11 Depreciation Third-Party Concession Personnel Construction Maintenance Other Costs 1Q12
and Services f ee costs and Costs Costs Provision
Amortization anticipated
expenses
Provisions and
+ Traffic ViaQuatro Postponements Basis update ViaQuatro
energy 12
11. Financial Results Highlights
Better financial results reflects…
Net Financial Result (R$ MM) 1Q11 1Q12 Chg %
Net Financial Result (205.7) (169.1) -17.8%
- Result from Hedge Operation (43.4) (6.6) -84.8%
- Monetary Variation (14.5) (4.7) -67.4%
- Exchange Rate Variation on Loans, Financing and Debentures 26.1 14.7 -43.5%
- Present Value Adjustment of Maintenance Provision (19.5) (14.6) -25.2%
- Interest on Loans, Financing and Debentures (176.2) (176.3) 0.1%
- Interest and Investment Income and other Revenues 43.5 34.4 -21.1%
- Others¹ (21.7) (16.0) -15.6%
¹ Comissions, fees, taxes, fines and interest on taxes
… appreciation of the real in relation to the dollar and lower monetary variation registered in the
period. 13
12. Debt in March 31, 2012
Gross debt by indexer
IPCA Others
TJLP 2.6% 0.1%
4.6%
IGP-M
4.9%
• Total gross debt: R$ 7.0 bi USD
7.1%
• Net debt/ EBITDA: 1.9X
CDI
80.7%
Amortization Schedule Amortization Schedule
2,368
208 1,491
1,109 965 895
2,156 282 180
204 86 55
1,001 862 838 799
16
2012 2013 2014 2015 2016 from 2017 to
2023
CDI Others USD
13. Debt
Reduction of leverage indexes…
Net Debt/ EBITDA LTM
2.5
2.3 2.3
2.2
2.1
1.9 1.9
1.6 6,186 6,152
1.5 5,893
1.5 5,633 5,565 5,630
2.5
4,169 2.3 2.3
3,456 2.2
3,067 2.1
1.9 1.9
1.6
1.5 1.5
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12
Net Debt (R$ MM) Net Debt/EBITDA (x)
...due to strong cash generation and maturation of recent projects.
14
14. Debt Structure and Amortization
After these refinancings, the new amortization schedule will reflect ...
Amortization 2012 - 2013 Expected schedule after refinancing
In R$ MM
Amortization 2012 2013
2,500
AutoBan 912.4 304.1
2,000
SPVias 878.5 292.8
1,500
ViaOeste 160.1 159.5
NovaDutra 174.4 144.2 1,000
500
TOTAL 2,368.3 1,491.1
Projects performed and contracts in progress 0
Mandated financing 2012 2013 2014 2015 2016 From 2017
Current Target
90% in 2012 e 60% in 2013
... broaden financial capacity for new business.
* Total debt described in the amortization schedule set above does not consider transaction costs.
15
15. Track Record
CCR Track Record: diversification and new bids
Milestone Concession Awarded Acquisition Concession Extension
IPO
STP
(2002)
AutoBAn + Follow-on (2003)
ViaOeste (April 2004)
ViaOeste RodoNorte (October 2004)
Concession (2005)
ViaQuatro
Extension (2006)
(2006)
USA
(2007) Via Lagos
Concession
RenoVias Extension (2011)
(2008)
RodoAnel
(2008) 2012:
SP VIAS
Controlar • Airports: Quito, San
(2010)
(2009) Jose and Curaçao
• Barcas
Follow-on
• Transolímpica
(2009)
15