This presentation provides an overview of Braskem, the largest petrochemical company in Latin America. It discusses Braskem's key differentiators including its large scale of operations, regional strength in South America, and history of strong growth through organic expansion and acquisitions. The presentation reviews Braskem's financial and operational figures, leadership positions in key Brazilian resin markets, and technology leadership including being a global pioneer in green polymers. It also notes Braskem's consistent premium pricing over international resin prices due to various competitive advantages.
Braskem presented information to investors on May 08. The presentation contained forward-looking statements that reflected Braskem's beliefs, not facts, and included risk factors. Braskem cannot guarantee future results. Braskem is the largest petrochemical company in Latin America by production capacity and the #2 in EBITDA margins among petrochemical companies. It has consistently grown through organic means and acquisitions, with revenues growing at a 16.3% CAGR from 1994-2007 and production capacity growing at a 12.3% CAGR in the same period.
public serviceenterprise group 10/08/04-1-33finance20
The document provides an agenda and materials for a strategic presentation by PSEG to the financial community on October 8, 2004. The agenda covers PSEG's strategic overview, its subsidiaries PSE&G, PSEG Power, PSEG Energy Holdings, and financial review. Key points include PSEG's 2004 guidance of $750-800 million in earnings and 13-14% ROE. It also discusses competitive pressures from higher fuel prices and lower BGS auction margins, as well as PSE&G and PSEG Power's strategic focus on safety, reliability and low costs.
Duratex reported strong financial results for the first half of 2007. Net revenues increased 15% to R$781.7 million driven by a 16% increase in wood sales volume and a 13% rise in ceramic tile shipments. Gross margin improved to 46% from 42% a year ago. EBITDA grew 33% to R$268.2 million and net income jumped 68% to R$152.3 million. Duratex invested R$112.9 million in capital expenditures during the period, including a down payment for a new MDF plant, land acquisitions, and equipment to expand production capacity across various business segments going forward. Occupancy rates remained high across Duratex's facilities.
This document summarizes Duratex's financial performance in the first half of 2005. Key points include:
- Net revenues increased 13% to R$622 million driven by growth in the wood and Deca divisions.
- EBITDA grew 33% to R$187.5 million with margins expanding to 30.1% from 25.6%.
- Net income increased 48% to R$72.7 million.
- The wood division accounted for 68% of revenues while the Deca division contributed 32%.
- Exports increased 17.7% in US dollar terms led by growth in hardboard and MDF shipments to the US.
UBS Natural Gas, Electric Power & Coal Conferencefinance14
This presentation was given at a natural gas, electric power, and coal conference in Lost Pines, Texas on March 6, 2008. It discusses Exelon Corporation, the parent company of several major utilities, and provides an outlook for 2008. Key points include Exelon estimating 2008 operating earnings between $4.00-$4.40 per share. It also discusses capital expenditure and operation and maintenance expectations for Exelon and its utilities through 2012. Additionally, it provides an overview of regulatory proceedings and investments planned for ComEd, one of Exelon's major utilities, in 2008.
Union Securities Research: Northern Graphite Corp. (TSXv: NGC)Graphite Graphite
- Northern Graphite produces spherical graphite from its Bissett Creek graphite project in Ontario, Canada.
- Tests confirmed the ability to purify Bissett Creek graphite into spherical graphite, which sells at a premium compared to flake graphite concentrate.
- This allows Northern Graphite to add a value-added purification plant and production of spherical graphite, but requires an additional $15 million in capital expenditures.
XTO Energy had a successful 2001, exceeding expectations with record cash flow of $4.49 per share, daily gas production growth of 21%, and proved reserves growth of 19% to 2.68 trillion cubic feet equivalent. The company deployed $395 million in development expenditures to grow production and reserves organically while also acquiring new properties. XTO Energy is well positioned for continued growth and strong returns in 2002 with over 1.5 trillion cubic feet equivalent of potential future reserves and a visible path to exceptional growth.
The LBC Medical Card includes ALL these Benefits:
Tela-Health
Aetna Dental Access
CTC Vision & Eye Care
Lab & Imaging
Belltone & Newport Hearing
Vitamins
Diabetic Supplies
Pharmacy Plus
Braskem presented information to investors on May 08. The presentation contained forward-looking statements that reflected Braskem's beliefs, not facts, and included risk factors. Braskem cannot guarantee future results. Braskem is the largest petrochemical company in Latin America by production capacity and the #2 in EBITDA margins among petrochemical companies. It has consistently grown through organic means and acquisitions, with revenues growing at a 16.3% CAGR from 1994-2007 and production capacity growing at a 12.3% CAGR in the same period.
public serviceenterprise group 10/08/04-1-33finance20
The document provides an agenda and materials for a strategic presentation by PSEG to the financial community on October 8, 2004. The agenda covers PSEG's strategic overview, its subsidiaries PSE&G, PSEG Power, PSEG Energy Holdings, and financial review. Key points include PSEG's 2004 guidance of $750-800 million in earnings and 13-14% ROE. It also discusses competitive pressures from higher fuel prices and lower BGS auction margins, as well as PSE&G and PSEG Power's strategic focus on safety, reliability and low costs.
Duratex reported strong financial results for the first half of 2007. Net revenues increased 15% to R$781.7 million driven by a 16% increase in wood sales volume and a 13% rise in ceramic tile shipments. Gross margin improved to 46% from 42% a year ago. EBITDA grew 33% to R$268.2 million and net income jumped 68% to R$152.3 million. Duratex invested R$112.9 million in capital expenditures during the period, including a down payment for a new MDF plant, land acquisitions, and equipment to expand production capacity across various business segments going forward. Occupancy rates remained high across Duratex's facilities.
This document summarizes Duratex's financial performance in the first half of 2005. Key points include:
- Net revenues increased 13% to R$622 million driven by growth in the wood and Deca divisions.
- EBITDA grew 33% to R$187.5 million with margins expanding to 30.1% from 25.6%.
- Net income increased 48% to R$72.7 million.
- The wood division accounted for 68% of revenues while the Deca division contributed 32%.
- Exports increased 17.7% in US dollar terms led by growth in hardboard and MDF shipments to the US.
UBS Natural Gas, Electric Power & Coal Conferencefinance14
This presentation was given at a natural gas, electric power, and coal conference in Lost Pines, Texas on March 6, 2008. It discusses Exelon Corporation, the parent company of several major utilities, and provides an outlook for 2008. Key points include Exelon estimating 2008 operating earnings between $4.00-$4.40 per share. It also discusses capital expenditure and operation and maintenance expectations for Exelon and its utilities through 2012. Additionally, it provides an overview of regulatory proceedings and investments planned for ComEd, one of Exelon's major utilities, in 2008.
Union Securities Research: Northern Graphite Corp. (TSXv: NGC)Graphite Graphite
- Northern Graphite produces spherical graphite from its Bissett Creek graphite project in Ontario, Canada.
- Tests confirmed the ability to purify Bissett Creek graphite into spherical graphite, which sells at a premium compared to flake graphite concentrate.
- This allows Northern Graphite to add a value-added purification plant and production of spherical graphite, but requires an additional $15 million in capital expenditures.
XTO Energy had a successful 2001, exceeding expectations with record cash flow of $4.49 per share, daily gas production growth of 21%, and proved reserves growth of 19% to 2.68 trillion cubic feet equivalent. The company deployed $395 million in development expenditures to grow production and reserves organically while also acquiring new properties. XTO Energy is well positioned for continued growth and strong returns in 2002 with over 1.5 trillion cubic feet equivalent of potential future reserves and a visible path to exceptional growth.
The LBC Medical Card includes ALL these Benefits:
Tela-Health
Aetna Dental Access
CTC Vision & Eye Care
Lab & Imaging
Belltone & Newport Hearing
Vitamins
Diabetic Supplies
Pharmacy Plus
1) Duratex reported strong financial results for 2007, with net revenues increasing 17% and EBITDA growing 43% over 2006 levels.
2) Significant capital expenditures were announced to expand production capacity, including a new MDF plant and coating line.
3) The wood division achieved revenue growth of 10% and EBITDA growth of 16%, driven by increased sales volumes and margins across its product lines.
This document summarizes business and industry project activity in Boyle County, Kentucky from 2008 to 2013. It lists over 20 companies, their products, investments, number of employees, and status of projects. Total capital investment was over $201 million, creating over 1,000 jobs. The majority of projects were expansions by existing companies in the county. A few large, new projects currently in process could bring hundreds of additional jobs and over $100 million in new investment to the local economy.
Duratex S.A. is a Brazilian building materials company that saw increases in shipments, revenues, and profits in the first half of 2004 compared to the same period in 2003. Specifically, shipments increased by 29.7% and net revenues grew by 24%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 44.1% to R$141.4 million. The company invested in expanding production capacity across various divisions and saw occupancy rates and export sales increase. Overall, it was a period of strong financial performance and growth for Duratex.
Wmit introduction 2012 english slidesharegmesmatch
The document describes the development plan for Wonju Medipolis in Wonju, Korea over several decades. It began as a local community health center in 1998 and has expanded significantly. It now includes several medical device and biotech complexes that are home to over 100 companies and thousands of employees. The government has strongly supported its growth through incentives and technical assistance. Several success stories of companies that started in Wonju Medipolis and became leaders in Korea and abroad are provided. The future plan is to further expand facilities and attract more international investment to make Wonju Medipolis a leading medical device and technology hub.
Cross Timbers Oil Company achieved record financial results in 2000, with total revenues of $600.8 million, income before taxes of $176.4 million, and earnings of $115.2 million. Daily production averaged 448,098 Mcfe, up 14% from 1999. Proved reserves grew 11% to 2.252 Tcfe at year-end 2000. The company aims to further increase production and reserves in 2001 while improving its strong financial position.
- AES Eletropaulo's operational and financial results for 2Q11 were positively impacted by higher energy consumption in the captive and free markets as well as lower losses. Investments increased 23% compared to 2Q10.
- EBITDA grew 4.2% to R$525 million in 2Q11 compared to 2Q10, excluding one-time effects. Net income increased 6.1% to R$255 million also excluding one-time impacts.
- Operational indicators like SAIDI and SAIFI improved due to investments in maintenance and pruning, reducing interruptions by 17% and 14% respectively over the last 12 months.
- AES Eletropaulo's energy consumption increased in the captive and free markets in 2Q11 compared to 2Q10. Losses decreased and reliability indices SAIDI and SAIFI improved.
- EBITDA increased 4.2% in 2Q11 over 2Q10, excluding one-time effects. Net income increased 6.1% when excluding one-time impacts.
- Interim dividends of R$291 million were distributed, representing 50% of 1H11 results. The tariff reset was postponed to an undefined date due to the regulatory methodology still being determined.
Liz Claiborne Inc. designs and markets fashion apparel and accessories. It offers products through department stores, specialty stores, and other retail channels in North America, Europe, Asia, Australia, and South America. In 2006, net sales were $4.99 billion and operating income was $436 million. The CEO discusses plans to invest in power brands like Juicy Couture, Kate Spade, and Liz Claiborne through specialty store expansion, marketing initiatives, and advertising. He outlines priorities around irresistible product, building brand loyalty, optimizing the supply chain, and focusing on talent.
This corporate presentation by Duratex provides an overview of its business segments, geographical locations, capital expenditures, macroeconomic factors, financial position, and performance for 2008. Key points include that Duratex has wood, ceramic, metal, and laminate flooring segments; plans ongoing investments of over R$1 billion to increase production capacity; and has maintained a balanced financial structure with a net debt to EBITDA ratio of around 0.5x.
- AES Eletropaulo saw a 4.3% increase in energy consumption in its concession area in 3Q11. Investments with own resources increased 33.1% to R$198.4 million compared to 3Q10. Net income increased 6.1% to R$348.2 million.
- Operational improvements led to a 13.8% reduction in SAIDI and 10.6% reduction in SAIFI indicators over the last 12 months. The sale of telecommunications assets was finalized with a positive R$457 million impact to 4Q11 net income.
- Financial results were positively impacted by exchange rates and lower cash balances. Market growth from the residential and commercial
Sunoco Analyst Meeting Monday, December 15, 2008 8:30 a.m. ETfinance6
The document provides an overview of an investor meeting held by Sunoco on December 15, 2008. It includes a safe harbor statement noting that any forward-looking statements are based on assumptions that may prove to be inaccurate. It also includes non-GAAP financial measures with reconciliations provided in an appendix. The strategic framework focuses on market conditions, safe and reliable operations, optimization, and portfolio management. Key takeaways are that refining market weakness is expected to persist, while non-refining businesses should provide a solid earnings base. Sunoco will reduce expenses, exercise capital discipline, and pursue value creation opportunities across all businesses.
The document provides an overview of Petrobras' 4th quarter 2006 results and full year 2006 results. Key points include:
- Domestic oil and gas production increased 5.6% in 2006 due to new production units coming online.
- Total oil, gas, and NGL production increased 3.5% in 4Q06.
- Average sales prices for oil increased 20.45% in 2006.
- Net income decreased 26.6% in 4Q06 primarily due to lower oil prices and sales volumes.
- Exploration and Production operational profit decreased due to international oil price declines.
2010 Financial Analysis and Accounting StatementsPetrobras
Petrobras is a Brazilian oil and gas company founded in 1953. It operates in 30 countries across exploration and production, refining, trade and transportation of oil and natural gas, petrochemicals, distribution of oil products, energy, biofuels, and renewable energy. Petrobras' mission is to operate safely and profitably with social and environmental responsibility in Brazil and abroad. Its vision is to be one of the top five largest integrated energy companies globally by 2020. Key values include sustainable development, integration, results, innovation, ethics, diversity, and social responsibility. In 2010, Petrobras' net operating revenues were over $100 billion and its net income was over $35 billion.
Public Service Enterprise Group (PSEG) provides a presentation at the EEI Annual Financial Conference on its business operations and financial guidance. PSEG's subsidiaries PSE&G and PSEG Power face challenges from rising fuel costs and competitive pressures that may impact earnings. However, PSEG also outlines operational improvements and market opportunities at both subsidiaries expected to increase earnings and drive growth over the long term. Key priorities include improving nuclear plant performance at PSEG Power and infrastructure investments at PSE&G.
- The company reported 26% sales growth in 4th quarter 2011, with 13% from acquisitions and 13% organic growth. Earnings before interest and taxes grew 97%.
- Segment results were mixed - Carlisle Construction Materials saw 23% sales and 32% earnings growth due to price increases and acquisition. Carlisle Transportation Products had 5% sales growth but a loss due to lower volume and raw material costs. Carlisle Brake & Friction had 126% sales growth primarily from acquisition.
- The company expects continued growth in 2012 from construction and brake segments, but sees challenges in transportation from raw material costs.
The document summarizes information about the Brazilian state of Tocantins. It was created in 1988 and established its capital in Palmas in 1989. It has experienced rapid development through investments in infrastructure, education, agriculture, and more. The Court of Accounts of Tocantins implements transparency and participatory practices like training programs and public hearings to promote accountable governance.
9 10.15am Challenges In Implementing A Performance Framework (P. Perczynski A...icgfmconference
Dr. Piotr Perczynski and Dr. Marta Postula discuss the challenges in implementing a performance framework through the Polish experience. The presentation highlights that there is no single international model for performance budgeting.
Presented by Eduardo A. Vasconcellos
National Public Transport Association (ANTP), Brazil.
23rd June 2016
This talk summarises current mobility conditions and policy challenges in large Latin-American metropolitan areas. The presentation is structured in three main parts.
It will begin discussing key data on current mobility conditions – private and public transport means, financial and institutional characteristics, individual mobility conditions (mode used, cost, travel time, safety, comfort, accessibility), mobility consumptions (time, space, energy) and who generates and who endures the impacts of negative externalities (road safety, emissions and congestion). Most data come from urban mobility observatories led by ANTP (Brazil) and by the Development Bank of Latin America (CAF).
The second section proposes a comprehensive methodology to analyse urban mobility, combining technical, social, political and economic characteristics that helped to engender the high level of inequity and inefficiency observed in Latin American urban areas.
The third part analyses the existing political and economic barriers to the complex changes in the urban mobility patterns discussed before. It explores what could be proposed or implemented to improve the level of equity and efficiency on people’s mobility.
Distance learning in Brazil, access and equity demanding new skills and innov...Luciano Sathler
Distance learning in Brazil, access and equity demanding new skills and innovation. The Commonwealth of Learning Media Centre for Asia, September 2015.
ALI - Brazil Private Equity (Parts 1 & 2)Eric Saucedo
The document summarizes recent positive economic trends in Brazil that make it an attractive market for private equity investment, despite past boom and bust cycles. GDP growth rebounded strongly in 2Q09 and Brazil has been less impacted by the global recession than other markets. Private equity deals and M&A activity have remained robust in Brazil while declining globally. Significant institutional capital from Brazilian pension funds is now being allocated to local private equity, representing an important difference from previous cycles. Major international private equity firms are increasingly active in Brazil due to opportunities to invest in and expand portfolio companies into the large and growing market.
Este documento é o relatório do 2o Censo Brasileiro da Indústria de Private Equity e Venture Capital. O relatório fornece um histórico da indústria no Brasil, descreve o ecossistema atual e analisa dados sobre captação de recursos e capital comprometido pelas organizações gestoras.
The document compares lifestyles and family standards from 100 years ago to modern times. In the early 20th century, the average life expectancy in the US was 47, most homes lacked bathtubs, and innovations like Scotch tape, iced tea, and antibiotics had yet to be invented. Family life was also very different, with large families living without modern plumbing. Health standards were lower as antibiotics and other medical advances had not yet been developed.
1) Duratex reported strong financial results for 2007, with net revenues increasing 17% and EBITDA growing 43% over 2006 levels.
2) Significant capital expenditures were announced to expand production capacity, including a new MDF plant and coating line.
3) The wood division achieved revenue growth of 10% and EBITDA growth of 16%, driven by increased sales volumes and margins across its product lines.
This document summarizes business and industry project activity in Boyle County, Kentucky from 2008 to 2013. It lists over 20 companies, their products, investments, number of employees, and status of projects. Total capital investment was over $201 million, creating over 1,000 jobs. The majority of projects were expansions by existing companies in the county. A few large, new projects currently in process could bring hundreds of additional jobs and over $100 million in new investment to the local economy.
Duratex S.A. is a Brazilian building materials company that saw increases in shipments, revenues, and profits in the first half of 2004 compared to the same period in 2003. Specifically, shipments increased by 29.7% and net revenues grew by 24%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 44.1% to R$141.4 million. The company invested in expanding production capacity across various divisions and saw occupancy rates and export sales increase. Overall, it was a period of strong financial performance and growth for Duratex.
Wmit introduction 2012 english slidesharegmesmatch
The document describes the development plan for Wonju Medipolis in Wonju, Korea over several decades. It began as a local community health center in 1998 and has expanded significantly. It now includes several medical device and biotech complexes that are home to over 100 companies and thousands of employees. The government has strongly supported its growth through incentives and technical assistance. Several success stories of companies that started in Wonju Medipolis and became leaders in Korea and abroad are provided. The future plan is to further expand facilities and attract more international investment to make Wonju Medipolis a leading medical device and technology hub.
Cross Timbers Oil Company achieved record financial results in 2000, with total revenues of $600.8 million, income before taxes of $176.4 million, and earnings of $115.2 million. Daily production averaged 448,098 Mcfe, up 14% from 1999. Proved reserves grew 11% to 2.252 Tcfe at year-end 2000. The company aims to further increase production and reserves in 2001 while improving its strong financial position.
- AES Eletropaulo's operational and financial results for 2Q11 were positively impacted by higher energy consumption in the captive and free markets as well as lower losses. Investments increased 23% compared to 2Q10.
- EBITDA grew 4.2% to R$525 million in 2Q11 compared to 2Q10, excluding one-time effects. Net income increased 6.1% to R$255 million also excluding one-time impacts.
- Operational indicators like SAIDI and SAIFI improved due to investments in maintenance and pruning, reducing interruptions by 17% and 14% respectively over the last 12 months.
- AES Eletropaulo's energy consumption increased in the captive and free markets in 2Q11 compared to 2Q10. Losses decreased and reliability indices SAIDI and SAIFI improved.
- EBITDA increased 4.2% in 2Q11 over 2Q10, excluding one-time effects. Net income increased 6.1% when excluding one-time impacts.
- Interim dividends of R$291 million were distributed, representing 50% of 1H11 results. The tariff reset was postponed to an undefined date due to the regulatory methodology still being determined.
Liz Claiborne Inc. designs and markets fashion apparel and accessories. It offers products through department stores, specialty stores, and other retail channels in North America, Europe, Asia, Australia, and South America. In 2006, net sales were $4.99 billion and operating income was $436 million. The CEO discusses plans to invest in power brands like Juicy Couture, Kate Spade, and Liz Claiborne through specialty store expansion, marketing initiatives, and advertising. He outlines priorities around irresistible product, building brand loyalty, optimizing the supply chain, and focusing on talent.
This corporate presentation by Duratex provides an overview of its business segments, geographical locations, capital expenditures, macroeconomic factors, financial position, and performance for 2008. Key points include that Duratex has wood, ceramic, metal, and laminate flooring segments; plans ongoing investments of over R$1 billion to increase production capacity; and has maintained a balanced financial structure with a net debt to EBITDA ratio of around 0.5x.
- AES Eletropaulo saw a 4.3% increase in energy consumption in its concession area in 3Q11. Investments with own resources increased 33.1% to R$198.4 million compared to 3Q10. Net income increased 6.1% to R$348.2 million.
- Operational improvements led to a 13.8% reduction in SAIDI and 10.6% reduction in SAIFI indicators over the last 12 months. The sale of telecommunications assets was finalized with a positive R$457 million impact to 4Q11 net income.
- Financial results were positively impacted by exchange rates and lower cash balances. Market growth from the residential and commercial
Sunoco Analyst Meeting Monday, December 15, 2008 8:30 a.m. ETfinance6
The document provides an overview of an investor meeting held by Sunoco on December 15, 2008. It includes a safe harbor statement noting that any forward-looking statements are based on assumptions that may prove to be inaccurate. It also includes non-GAAP financial measures with reconciliations provided in an appendix. The strategic framework focuses on market conditions, safe and reliable operations, optimization, and portfolio management. Key takeaways are that refining market weakness is expected to persist, while non-refining businesses should provide a solid earnings base. Sunoco will reduce expenses, exercise capital discipline, and pursue value creation opportunities across all businesses.
The document provides an overview of Petrobras' 4th quarter 2006 results and full year 2006 results. Key points include:
- Domestic oil and gas production increased 5.6% in 2006 due to new production units coming online.
- Total oil, gas, and NGL production increased 3.5% in 4Q06.
- Average sales prices for oil increased 20.45% in 2006.
- Net income decreased 26.6% in 4Q06 primarily due to lower oil prices and sales volumes.
- Exploration and Production operational profit decreased due to international oil price declines.
2010 Financial Analysis and Accounting StatementsPetrobras
Petrobras is a Brazilian oil and gas company founded in 1953. It operates in 30 countries across exploration and production, refining, trade and transportation of oil and natural gas, petrochemicals, distribution of oil products, energy, biofuels, and renewable energy. Petrobras' mission is to operate safely and profitably with social and environmental responsibility in Brazil and abroad. Its vision is to be one of the top five largest integrated energy companies globally by 2020. Key values include sustainable development, integration, results, innovation, ethics, diversity, and social responsibility. In 2010, Petrobras' net operating revenues were over $100 billion and its net income was over $35 billion.
Public Service Enterprise Group (PSEG) provides a presentation at the EEI Annual Financial Conference on its business operations and financial guidance. PSEG's subsidiaries PSE&G and PSEG Power face challenges from rising fuel costs and competitive pressures that may impact earnings. However, PSEG also outlines operational improvements and market opportunities at both subsidiaries expected to increase earnings and drive growth over the long term. Key priorities include improving nuclear plant performance at PSEG Power and infrastructure investments at PSE&G.
- The company reported 26% sales growth in 4th quarter 2011, with 13% from acquisitions and 13% organic growth. Earnings before interest and taxes grew 97%.
- Segment results were mixed - Carlisle Construction Materials saw 23% sales and 32% earnings growth due to price increases and acquisition. Carlisle Transportation Products had 5% sales growth but a loss due to lower volume and raw material costs. Carlisle Brake & Friction had 126% sales growth primarily from acquisition.
- The company expects continued growth in 2012 from construction and brake segments, but sees challenges in transportation from raw material costs.
The document summarizes information about the Brazilian state of Tocantins. It was created in 1988 and established its capital in Palmas in 1989. It has experienced rapid development through investments in infrastructure, education, agriculture, and more. The Court of Accounts of Tocantins implements transparency and participatory practices like training programs and public hearings to promote accountable governance.
9 10.15am Challenges In Implementing A Performance Framework (P. Perczynski A...icgfmconference
Dr. Piotr Perczynski and Dr. Marta Postula discuss the challenges in implementing a performance framework through the Polish experience. The presentation highlights that there is no single international model for performance budgeting.
Presented by Eduardo A. Vasconcellos
National Public Transport Association (ANTP), Brazil.
23rd June 2016
This talk summarises current mobility conditions and policy challenges in large Latin-American metropolitan areas. The presentation is structured in three main parts.
It will begin discussing key data on current mobility conditions – private and public transport means, financial and institutional characteristics, individual mobility conditions (mode used, cost, travel time, safety, comfort, accessibility), mobility consumptions (time, space, energy) and who generates and who endures the impacts of negative externalities (road safety, emissions and congestion). Most data come from urban mobility observatories led by ANTP (Brazil) and by the Development Bank of Latin America (CAF).
The second section proposes a comprehensive methodology to analyse urban mobility, combining technical, social, political and economic characteristics that helped to engender the high level of inequity and inefficiency observed in Latin American urban areas.
The third part analyses the existing political and economic barriers to the complex changes in the urban mobility patterns discussed before. It explores what could be proposed or implemented to improve the level of equity and efficiency on people’s mobility.
Distance learning in Brazil, access and equity demanding new skills and innov...Luciano Sathler
Distance learning in Brazil, access and equity demanding new skills and innovation. The Commonwealth of Learning Media Centre for Asia, September 2015.
ALI - Brazil Private Equity (Parts 1 & 2)Eric Saucedo
The document summarizes recent positive economic trends in Brazil that make it an attractive market for private equity investment, despite past boom and bust cycles. GDP growth rebounded strongly in 2Q09 and Brazil has been less impacted by the global recession than other markets. Private equity deals and M&A activity have remained robust in Brazil while declining globally. Significant institutional capital from Brazilian pension funds is now being allocated to local private equity, representing an important difference from previous cycles. Major international private equity firms are increasingly active in Brazil due to opportunities to invest in and expand portfolio companies into the large and growing market.
Este documento é o relatório do 2o Censo Brasileiro da Indústria de Private Equity e Venture Capital. O relatório fornece um histórico da indústria no Brasil, descreve o ecossistema atual e analisa dados sobre captação de recursos e capital comprometido pelas organizações gestoras.
The document compares lifestyles and family standards from 100 years ago to modern times. In the early 20th century, the average life expectancy in the US was 47, most homes lacked bathtubs, and innovations like Scotch tape, iced tea, and antibiotics had yet to be invented. Family life was also very different, with large families living without modern plumbing. Health standards were lower as antibiotics and other medical advances had not yet been developed.
Equity workshop: Equity and REDD+ in the mediaIIED
Equity and REDD+ in the media: A comparative policy discourse analysis.
A presentation by Monica Di Gregorio, Maria Brockhaus, Tim Cronin , Efrian Muharrom, Levania Santoso, Sofi Mardiah and Mirjam Büdenbender, CIFOR, CGIAR, University of Leeds, Thinking beyond the Canopy.
This presentation was given at the Expert Workshop on Equity, Justice and Well-being in Ecosystem Governance, held at the International Institute for Environment and Development (IIED) in London, March, 2015.
This document provides an overview of Brazil's culture, doing business environment, and macroeconomic situation. Some key points:
- Brazil has a diverse culture influenced by indigenous, Portuguese, African, and immigrant populations. Portuguese is the primary language.
- President Lula has pursued anti-poverty initiatives while maintaining fiscal responsibility. The political system is fragmented with weak parties.
- The economy has grown in recent years, with a solid banking sector and stock market. However, inflation and an appreciating currency have hurt competitiveness.
- Labor laws provide many benefits to employees but add significantly to business costs. Wealth and industry are unevenly distributed across Brazil's regions.
Determinants of the implied equity risk premium in BrazilFGV Brazil
This document summarizes a research paper that proposes and tests determinants of the implied equity risk premium (ERP) in Brazil. The paper calculates the ERP using current stock prices rather than historical returns. It finds several market fundamentals are significantly related to changes in the ERP, including changes in interest rates, debt risk spreads, US market liquidity, and the S&P 500 index level. The paper also compares using implied ERP versus historical averages and finds implied ERP varies with market events while historical averages do not.
Maker Faire Bay Area 2016 - Science, Technology, and Society & 'making': Br...rbsilva07
The document discusses Rodrigo Barbosa e Silva's experience with robotics education in Brazilian public schools from 2009-2012. It introduced robotics to around 24 elementary schools, reusing existing computer labs. This involved 120 Gogo Boards. The document also discusses some of the challenges of implementing robotics education in Brazilian schools, such as lack of support from the pedagogical team and lack of teacher confidence, as well as Silva's beliefs about how to improve technology education.
This document discusses the current political crisis in Brazil and outlines two potential scenarios for the future of urban transport. It provides historical context on Brazil's government from 1964 to present. Currently, there is a divide between supporters of former presidents Lula and Dilma versus right-wing populists. This presents a bifurcation point that could lead to one side dominating in the medium term. The two scenarios presented would have different impacts on transport policies and access to resources based on wealth. Transport researchers must consider how their work could be influenced by the outcome and choose definitions of equity and social justice that fit the specific Brazilian context.
This document summarizes a study on a Brazilian public-private partnership program called ProUNI that provides scholarships for unqualified teachers to obtain teaching credentials from for-profit higher education institutions. The study found that while the teachers expressed a strong motivation to complete their training, they had neutral perceptions of program quality and reported a lack of retention efforts. The implications are that teacher education may need to move towards longer internship models like medical residencies to improve quality and that innovation is needed to accelerate closing global education gaps.
Cost and equity implications of integrating sticks and carrots in conservatio...CIFOR-ICRAF
This presentation by Jan Börner (University of Bonn, CIFOR), Eduardo Marinho (CIFOR), and Sven Wunder (CIFOR) discusses the necessity of integrating incentive-based policies into traditional command-and-control strategies to create a sustainable conservation model.
Citi´s 17th Annual Latin America Conference*CPFL RI
The document provides an overview of the Brazilian energy market and highlights for CPFL Energia:
1) The Brazilian energy market is concentrated among a few large players and state-owned entities still dominate generation assets. CPFL Energia has a 13% share of the distribution market and 2% of generation.
2) CPFL Energia is Brazil's largest private distributor and focuses on operational efficiency and acquiring smaller distributors. It is also growing its generation portfolio through new projects.
3) CPFL Energia aims to capture synergies across its business segments and reduce delinquencies while expanding its installed generation capacity and customer base.
The FIP is a closed-end mutual fund structure under Brazilian law that allows qualified investors to pool funds for private equity and venture capital projects. At least 90% of a FIP's assets must be invested in stocks, debentures, and other securities of special purpose companies. FIPs are mainly governed by CVM Instruction 391 and can be used for various sectors and tax planning purposes. Notable features include a fixed maturity, different quota classes, and investment limits for pension funds.
This document provides an overview of project financing, including what it is, the key parties and stages involved, and its advantages and disadvantages. Project financing refers to financing long-term infrastructure or industrial projects based on the future cash flows generated by the project rather than the balance sheets of its sponsors. The stages discussed include project identification, risk assessment, feasibility analysis, equity and debt arrangement, documentation, disbursement, monitoring, and closure. Advantages include off-balance sheet treatment for sponsors, while disadvantages include higher costs and complexity.
ApresentaçãO Citi Annual Brazil Equity ConferenceTIM RI
The document discusses TIM Participacoes' performance in the first quarter of 2009. It provides an overview of the competitive mobile market in Brazil and TIM's market share. It also recaps TIM's Q1 2009 results, including its customer base growth, revenue breakdown, cost efficiency measures, and EBITDA margins.
This is a Feasibility Study conducted by a group of students "The Incorporators" from Capitol University's Bachelor of Science In Business Administration major in Marketing Management and Human resource Management.
Note: This document is not available to download, sorry for the inconvenience.
Braskem presented information to investors on May 08. The presentation contained forward-looking statements that reflected Braskem's management's beliefs and expectations, but not necessarily historical fact. Braskem could not guarantee future results or events. Braskem reviewed its key financial and operational figures, including being the #1 petrochemical company in Latin America by production capacity and #2 EBITDA margin globally among petrochemical companies. Braskem also had strong and consistent growth through organic and acquisition routes.
This document summarizes Braskem's 4Q08 earnings conference call. It discusses the significant financial crisis and volatility in exchange rates, raw materials, and resin prices during the quarter. Braskem's net revenue was R$4.1 billion in 4Q08, down 18% from 3Q08. EBITDA was R$633 million, positively impacted by a R$74 million adjustment not related to the period. A R$1.9 billion real depreciation increased liabilities pegged to the US dollar. Braskem's priorities are focusing on financial strength and liquidity, accelerating synergies from acquisitions, maintaining profitability, recovering plant utilization rates, and assessing growth opportunities during the
This document contains forward-looking statements from Braskem's management about the company's performance and expectations. It notes that Braskem's financial results in the 4th quarter of 2008 were impacted by the unprecedented global financial crisis, high volatility in exchange rates and raw material/resin prices, and a drop-off in international thermoplastic resin demand. Braskem reported a 18% decrease in net revenue and EBITDA of R$633 million in 4Q08 compared to 3Q08. The company took strategic actions to focus on its cash position and gain approval to build a new green PE plant.
This document summarizes Braskem's second quarter 2007 earnings conference call. It discusses Braskem's strong financial and operating performance in the quarter. Key points include Braskem achieving a 19% EBITDA margin, completing the acquisition of Ipiranga Petroquímica assets, increasing production volumes, strengthening its market leadership position, and leveraging net income through improved operating and financial results. Braskem is highlighted as the largest petrochemical company in Latin America based on key financial figures for the last twelve months through June 30, 2007.
This document summarizes Braskem's second quarter 2007 earnings conference call. It discusses Braskem's strong financial and operating performance in the quarter. Key points include Braskem achieving a 19% EBITDA margin, completing the acquisition of Ipiranga Petroquímica assets, increasing production volumes, strengthening its market leadership position, and leveraging net income through improved operating and financial results. Braskem is highlighted as the largest petrochemical company in Latin America based on key financial metrics for the last twelve months.
Braskem reported its 1Q08 results, with net revenue remaining flat at R$4.4 billion compared to 1Q07. EBITDA declined 32% to R$583 million due to higher raw material costs, while net income fell 35% to R$83 million. Operational highlights included a record quarterly PVC production of 130,000 tons and growth in domestic resin sales. Braskem also concluded strategic steps like the acquisition of Ipiranga Group's petrochemical assets. For 2008, Braskem expects continued domestic market growth and productivity gains from recent investments.
Braskem reported its 1Q08 results, with net revenue remaining flat at R$4.4 billion compared to 1Q07. EBITDA declined 32% to R$583 million due to higher raw material costs, while net income fell 35% to R$83 million. Operational highlights included a record quarterly PVC production of 130,000 tons and growth in domestic resin sales. Braskem also concluded strategic steps like the acquisition of Ipiranga Group's petrochemical assets. For 2008, Braskem expects continued domestic market growth and productivity gains from recent investments.
Apresentação conferência latin energy 2005 (inglês)Braskem_RI
This document contains forward-looking statements from Braskem about its strategic goals and operational performance. It summarizes that Braskem aims to become the largest petrochemical company in Latin America. It also reports that Braskem has captured $350 million in recurring synergies, has the largest production scale in the region, and has achieved high capacity utilization rates between 95-97% despite challenges in 3Q05 from higher naphtha costs and currency appreciation. Sales of thermoplastic resins increased 18% from the prior quarter and 8% over 9 months. However, EBITDA declined 53% quarter-over-quarter and 15% over 9 months due to price and raw material factors.
Investors presentation btg pactual latin american ceo conferenceBraskem_RI
The document discusses Braskem's meeting with investors and contains forward-looking statements that are valid only as of the date given and are subject to risks and uncertainties. The agenda includes discussing Braskem as a global player, acquisitions of Quattor and Sunoco, Braskem's project pipeline for growth, and the petrochemical industry in general. Final considerations will also be presented.
Apresentação para investidores btg pactual latin american ceo conferenceBraskem_RI
The document discusses Braskem's meeting with investors and contains forward-looking statements that are valid only as of the date given and are subject to risks and uncertainties. The agenda includes discussing Braskem as a global player, acquisitions of Quattor and Sunoco, Braskem's project pipeline for growth, and the petrochemical industry in general. Final considerations will also be presented.
Apresentação para investidores btg pactual latin american ceo conferenceBraskem_RI
The document discusses Braskem's meeting with investors and contains forward-looking statements that are valid only as of the date given and are subject to risks and uncertainties. The agenda includes discussing Braskem as a global player, acquisitions of Quattor and Sunoco, Braskem's project pipeline for growth, and the petrochemical industry in general. Final considerations will also be presented.
Braskem reported financial results for 4Q12 and full year 2012. For 4Q12, Braskem's EBITDA was R$1.4 billion including gains from asset sales, and net revenue was R$9.2 billion. For 2012, Braskem's EBITDA was R$4 billion including non-recurring items, and the company expanded its market share in Brazil to 71% on thermoplastic resin sales of 3.5 million tons. Braskem also made progress on projects in Mexico and Comperj while maintaining its commitment to financial health.
This document contains forward-looking statements from Braskem about its competitive positioning, business strategy, sustainability, and growth plans. It summarizes Braskem's key figures such as revenues, EBITDA, assets, and debt ratios. It also outlines Braskem's strategic drivers of market leadership in Latin America, cost competitiveness through production scale and efficiency initiatives, and technology development leading to new higher value products and markets.
The document summarizes Braskem's strategy to become a top 10 global petrochemical company. It discusses Braskem's strong platform for growth through integration, with R$350 million in recurring synergies captured. It outlines plans for organic growth, selective growth through projects like Petroquisa and Paulinia, enhancing the aromatics chain, and internationalization through technology development.
Webcast Business Plan 2011-2015 Presentation Petrobras
Petrobras' CEO José Sergio Gabrielli presented the company's investment plan for 2011-2015. Some key points:
- Investments total $224.7 billion, similar to the previous 2010-2014 plan. Exploration & Production receives 57% of investments.
- The plan aims to double proved reserves by 2020 while maintaining discovery costs around $2/boe.
- Nineteen large projects are planned that will add over 2.3 million barrels per day of oil production capacity.
- 65% of Capex will go toward production development through drilling and developing new offshore oilfields.
Teleconferência de resultados 3 t03 (versão inglês)Braskem_RI
Braskem reported strong financial results for the first nine months of 2003, with net revenues increasing 36% and EBITDA growing 43% compared to the same period in 2002. Operating margins improved as average capacity utilization rates rose and sales volumes increased for most products. Braskem also reduced debt through refinancing and expects synergies from recent acquisitions to further boost profitability going forward. The company is well positioned to benefit from anticipated growth in the petrochemical sector and domestic Brazilian market starting in 2004.
This document provides an agenda and overview for an investors meeting at Braskem in March 2011. It summarizes that Braskem has become the leading thermoplastic company in the Americas following its acquisition of Quattor in 2010. It is diversified across petrochemical products with a focus on PE, PP, and PVC. Braskem has attractive growth opportunities through its project pipeline in Latin America and listings on the BM&FBovespa, NYSE, and Latibex stock exchanges.
Braskem held an investors meeting in March 2011 to discuss forward-looking statements and the company's agenda. The presentation contained forward-looking statements that were based on management's estimates and objectives at the time and were subject to risks and uncertainties. Braskem is not responsible for any investment decisions made based on the information in the presentation. The agenda covered Braskem as a global player, acquisitions and opportunities, the company's project pipeline for growth, Braskem's consolidated position, the petrochemical industry, and final considerations.
This document summarizes Braskem's 3Q07 earnings conference call. Key highlights include:
- Braskem achieved record domestic resin sales and production volumes in 3Q07. Resin market share increased to 54% and EBITDA was R$755 million.
- Braskem successfully acquired 98.6% of Copesul shares and will redeem remaining shares. It also acquired majority stakes in Ipiranga Group petrochemical companies.
- Braskem will invest in a new 200,000 ton ethanol-based polyethylene unit starting in 2009.
- Commercial strategies helped minimize impacts of higher naphtha prices and exchange rates on results. Net income reached R$132 million.
1) Braskem reported strong operating performance in 3Q07, with historical records for resin production and domestic sales volumes. Resin market share increased from 51% to 54%.
2) The consolidation of the Southern Petrochemical Complex advanced successfully, with high acceptance of share acquisition offers.
3) Braskem will invest in a new unit to produce 200 thousand tons of green polyethylene from sugarcane ethanol, starting in 2009.
4) Despite rising naphtha costs and currency impacts, Braskem's commercial strategy minimized the earnings effect, with 3Q07 EBITDA of R$755 million and a net debt to EBITDA ratio of 1.49 times.
Similar to Presentation 1st annual citi brazil equity conference (20)
Braskem reported its 1Q15 earnings. Key highlights included average cracker capacity utilization rising to 89%, Brazilian resin market growth of 6-9%, and Braskem's resin sales increasing 6-12%. Braskem's consolidated EBITDA was R$1.5 billion, up 10% from 4Q14. Net income was R$204 million. Leverage as measured by net debt to EBITDA was 2.55x. The Mexico project was 92% physically complete. Priorities for 2015 include renewing the naphtha supply contract, completing the Mexico project, ensuring competitive energy costs, and maintaining financial health.
O documento fornece um resumo da teleconferência de resultados do primeiro trimestre de 2015 da Braskem. As principais informações incluem:
1) O EBITDA totalizou R$1,5 bilhão, um crescimento de 10% em relação ao trimestre anterior, impulsionado pelo aumento das vendas e desvalorização do real.
2) As vendas de resinas acompanharam o crescimento do mercado brasileiro, atingindo 954 mil toneladas, alta de 6% em relação ao mesmo período do ano passado.
3)
This presentation summarizes Braskem's 4Q14 and full year 2014 financial results. In 4Q14, Braskem reported EBITDA of $1.4 billion, down 10% from 3Q14 due to lower resin sales volumes and petrochemical prices. For full year 2014, Braskem's revenue increased 12% to $46 billion while EBITDA grew 17% to $5.6 billion, driven by higher sales volumes, Brazilian real depreciation, and asset divestment gains. Braskem also continued advancing its Mexico ethylene project, which reached 88% completion in 2014, and maintained its commitments to financial health and cost discipline.
O documento resume os principais resultados financeiros e operacionais da Braskem no quarto trimestre e ano de 2014. No 4T14, o EBITDA foi de R$1,4 bilhão, uma queda de 10% em relação ao trimestre anterior devido a menores volumes de vendas e preços de petroquímicos. Em 2014, a receita líquida foi de R$46 bilhões, 12% maior do que em 2013, e o EBITDA foi de R$5,6 bilhões, um aumento de 17%. O projeto no México atingiu 88% de progresso
Este documento resume a teleconferência de resultados do terceiro trimestre de 2014 da Braskem. As principais informações são:
1) A Braskem registrou um EBITDA de R$1,5 bilhão no 3T14, impulsionado pelo aumento das vendas e melhora dos spreads internacionais.
2) As vendas da Braskem no mercado interno brasileiro cresceram 7% no trimestre, acompanhando a expansão de 5% do mercado.
3) O progresso físico do projeto integrado de eteno no México at
Braskem reported financial results for the third quarter of 2014. EBITDA was R$1.5 billion, up from the previous quarter, driven by higher sales volume and improved petrochemical spreads internationally. Construction of Braskem's Mexico petrochemical complex was 82% complete. Braskem's net debt to EBITDA ratio remained stable at 2.71x. For the full year, Braskem expects global petrochemical supply growth to outpace demand growth, putting downward pressure on spreads, and slower growth in Brazil's economy. Braskem's priorities are renewing its naphtha and energy supply contracts, advancing its Mexico project, and maintaining financial strength.
Braskem held its 2Q14 earnings conference call on August 08, 2014 in São Paulo. The presentation included forward-looking statements and disclaimers. In 2Q14, Braskem's average cracker capacity utilization was 84% and EBITDA was R$1,130 million, down 17% from 1Q14 due to lower sales volumes, reduced petrochemical spreads, and currency appreciation. Construction of Braskem's integrated Mexico project was 75% complete. Braskem continues to focus on its growth projects and priorities including the Mexico project, Ascent project, renewing its naphtha supply contract, and maintaining financial health.
Este documento apresenta os resultados financeiros e operacionais da Braskem no segundo trimestre de 2014. As vendas de resinas no Brasil caíram 3% em relação ao trimestre anterior, enquanto o EBITDA caiu 17% no mesmo período. O projeto integrado no México atingiu 75% de conclusão física.
This presentation summarizes Braskem's 1Q14 earnings conference call. Key highlights included average cracker capacity utilization of 85% impacted by scheduled maintenance. EBITDA was positively impacted by international market spreads, real depreciation, and the divestment of water treatment assets. Net income was R$396 million. Leverage as measured by net debt to EBITDA was 2.71x. Braskem continues construction of its Mexico petrochemical complex and advancing the Ascent US ethane cracker project. Priorities include renewing its naphtha supply contract and advancing projects in Mexico and the US to diversify feedstocks.
Este documento resume a teleconferência de resultados do primeiro trimestre de 2014 da Braskem. O destaque foi o EBITDA de R$1,6 bilhão, influenciado positivamente pela sustentação dos spreads internacionais, desvalorização do real e venda de ativos. O progresso físico do projeto no México atingiu 66% e a dívida líquida/EBITDA caiu para 2,71x em dólares. As prioridades incluem renovar contratos de nafta e concluir a aquisição da Solvay Indupa.
The document summarizes Braskem's 4Q13 and full year 2013 earnings conference call. It discusses several key points:
- Braskem reported 4Q13 EBITDA of $521 million, a 20% increase over 4Q12 recurring EBITDA, driven by recovery in petrochemical spreads and the Brazilian real depreciation.
- For full year 2013, Braskem's EBITDA grew 22% to $4.8 billion reais and 11% to $2.2 billion in US dollars terms over 2012. Growth was supported by higher sales volumes and recovery in international spreads.
- Construction of Braskem's integrated petrochemical project in Mexico continues to advance
O documento resume os resultados financeiros da Braskem no quarto trimestre e ano de 2013. As principais informações incluem: 1) o EBITDA do 4T13 foi de R$1,2 bilhões, 20% acima do 4T12; 2) o EBITDA de 2013 foi de R$4,8 bilhões, um aumento de 22% em relação a 2012; 3) a dívida líquida/EBITDA foi de 2,87x em dólares em 2013, abaixo dos 3,25x de 2012.
Braskem held its 3Q13 earnings conference call on November 8, 2013. The presentation included the following highlights:
- Braskem's cracker utilization rate was 92% in 3Q13, down slightly due to a power outage, while Brazilian resin sales fell 8% year-over-year. However, Braskem gained market share to 68%.
- EBITDA grew 57% quarter-over-quarter to R$1.65 billion, aided by lower raw material costs and currency depreciation.
- Construction of Braskem's new petrochemical complex in Mexico was 48% complete, with startup planned for 2015.
- Leverage ratio improved to 2.73x
O documento resume a teleconferência de resultados do 3T13 da Braskem. As principais informações incluem: 1) A taxa média de utilização dos crackers foi de 92%, menor que no trimestre anterior devido a interrupções no fornecimento de energia; 2) O EBITDA do trimestre atingiu R$1,65 bilhões, um aumento de 57% em relação ao trimestre anterior; 3) Os projetos de expansão como o complexo petroquímico no México seguem avançando dentro do cronograma e orçamento planejados.
O documento resume os resultados financeiros da Braskem no segundo trimestre de 2013. As principais informações incluem: 1) a taxa média de utilização dos crackers foi de 94%; 2) as vendas de resinas no mercado brasileiro aumentaram 3% em relação ao trimestre anterior; 3) o EBITDA atingiu R$1,051 bilhões, um aumento de 12% em relação ao trimestre anterior.
Braskem reported its 2Q13 earnings. EBITDA increased 12% from the previous quarter to R$1,051 million due to higher sales volumes, a positive foreign exchange impact, and cost reductions. The Mexico project construction advanced to 38% completion. Braskem adopted hedge accounting to better reflect exchange rate impacts. Leverage excluding Mexico declined to 3.01x due to debt reduction. Braskem will focus on strengthening client relationships, advancing industrial policies, boosting competitiveness through costs and capacity, progressing key projects, and maintaining financial strength.
The document provides details from Braskem's 1Q13 earnings conference call held on May 13, 2013. It highlights that Braskem achieved an EBITDA of R$937 million in 1Q13, up 10% from the recurring EBITDA in 4Q12. It also notes that construction of Braskem's integrated petrochemical project in Mexico is 26% complete physically and that the first disbursement of project financing is expected in 2Q13. Additionally, it outlines Braskem's priorities going forward as focusing on strengthening client relationships, advancing industrial policies in Brazil, boosting competitiveness, progressing the Mexico project, and maintaining financial strength.
1) A Braskem apresentou seus resultados do primeiro trimestre de 2013, com destaque para o crescimento de 6% nas vendas de resinas, taxa média de utilização dos crackers de 90% e EBITDA de R$937 milhões.
2) A construção do projeto integrado no México está em 26% de progresso físico e o primeiro desembolso do financiamento deve ocorrer no segundo trimestre.
3) A Braskem permanece focada no fortalecimento de clientes, evolução da política industrial brasileira e ampliação da competitividade através
O documento resume os resultados financeiros da Braskem no quarto trimestre e ano de 2012. No 4T12, a Braskem obteve receita líquida de R$9,2 bilhões, com EBITDA de R$1,4 bilhões, incluindo ganhos com a venda de ativos. Em 2012, a Braskem atingiu EBITDA de R$4 bilhões, excluindo itens não recorrentes. A empresa também avançou em projetos de crescimento no Brasil, México e Estados Unidos.
The document summarizes Braskem's 3Q12 performance and outlook.
In 3Q12, Braskem's EBITDA increased 10% compared to 2Q12 due to higher sales volume and USD appreciation. For 2012, Braskem expects total investments of R$1.7 billion, with around 40% allocated to expansion projects in Brazil and Mexico. Braskem maintains its priorities of strengthening client relationships, increasing competitiveness, concluding Mexico project financing, and maintaining liquidity and financial solidity in the current volatile environment.
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American Airlines permits passengers to change/correct names on their AAdvantage account. Also, you can request a name change both online via a web portal and offline over the phone. For further information on how to change your name on American Airlines Advantage, get in touch with the airline’s customer service. Also, you can reach out to a consolidation desk at +1-866-738-0741 for quick assistance.
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Travelling to Egypt is like stepping into a time capsule where the past and present coexist, offering a unique blend of history, culture, and stunning landscapes.
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Our excursions in tahiti offer stunning lagoon tours, vibrant marine life encounters, and cultural experiences. We ensure unforgettable adventures amidst breathtaking landscapes and serene waters. For more information, mail us at tracey@uniquetahiti.com.
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This research dissertation investigates the complex interplay between transportation and the tourism industry in Nigeria, aiming to unravel critical insights that contribute to the enhancement of the overall tourist experience. The study employs a multi-faceted approach, literature review establishes a robust theoretical framework, incorporating The Service Quality and Satisfaction Theory to guide the research questions and hypotheses.
The methodology involves the distribution of a structured questionnaire, ensuring a representative sample and facilitating a comprehensive analysis of the gathered data.
Key findings include the nuanced perceptions of transportation infrastructure adequacy, safety and security concerns, financial influences on travel decisions, and the cultural and ecological impacts of transportation choices. These findings culminate in a comprehensive set of recommendations for policymakers and practitioners in the Nigerian tourism industry. The findings contribute to the existing literature by providing actionable insights for policymakers, stakeholders, and researchers in the Nigerian tourism sector.
The recommendations encompass gender-sensitive planning, infrastructure enhancements, safety measures, and strategic interventions to address financial constraints, ensuring a holistic and sustainable development of the tourism industry in Nigeria.
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https://www.mmanor.ca/blog/best-5-bed-and-breakfast-new-brunswick-canada
You can easily change/correct a name on your flight ticket under the American Airlines name change policy. The airline provides multiple online and offline modes to place a name change request. To learn more about how to change a name on American Airlines ticket, you can directly approach the airline’s customer support. Moreover, you can connect with a flight expert at +1-866-738-0741 for quick assistance.
2. Forward-looking Statements
This presentation contains forward-looking statements. These statements do
not represent historical fact, but rather reflect the beliefs and expectations
of Braskem’s management. The words “anticipate”, “wish”, “expect”,
“estimate”, “intend”, “forecast”, “plan”, “predict”, “project”, “target” and
similar words are intended to identify these statements. Although Braskem
believes that the expectations and assumptions reflected in these forward-
looking statements are reasonable and based on information currently
available to management, Braskem cannot guarantee future results or events.
The forward-looking statements included in this presentation are valid only
on the date on which they are made (March 31, 2008), and the Company does
not undertake any obligation to update them in light of new information or
future developments.
Braskem is not responsible for any transaction or investment decision taken
based on the information in this presentation.
2
9. Regional strength better than that of
global peers
Unmatched capacity share in its respective home region
% Capacity Share
Region Company PE PP PVC
South America Braskem 46% 44% 32%
Quattor 23% 31% 0%
North America DOW 22% 4% 1%
NOVA 7% 0% 0%
Mexichem 0% 0% 4%
Westlake 6% 0% 8%
Northeast Asia LG Chemical 5% 2% 6%
Western Europe Solvay 0% 0% 15%
9
Source: Braskem / CMAI 9
10. Braskem has most of its operations in the
leading economy in LATAM…
• Brazil: 1/3 of LATAM GDP • LATAM GDP (US$ billion) *
Brazil: 1,838
Others
México: 1,353
20% Argentina: 524
Brazil
33% Venezuela: 335
Colombia 6%
Venezuela 6% Colombia: 320
Argentina Others: 1,070
Mexico
10%
25%
Total: 5,440
(*) PPP – Purchasing Power Parity
10
Source: The Economist (Mar2008) 10
11. …and is exposed to a dynamic market
with strong growth rates…
01-07 GDP Elasticity in Brazil: 2x
• Domestic demand for resins • USA Demand for resins (Kton)
0.7%
6.0%
CAGR
CAGR
10% 4,048
3,694 1% -3%
9% 25,904 25,020
3,435 3,377 856 24,749 24,306
2,880 749 23,276
692 5,907
1,228 6,081 5,563
1,114
990 6,287
6,350 6,142
1,964
1,833
1,695 12,826
12,318 12,601
2001 2004 2005 2006 2007 2001 2004 2005 2006 2007
PVC PP PE
Source: Abiquim – domestic sales + imports Source: NAD - CMAI 11
12. …with high level of consolidation…
• Number of Producers • 2 Top producers share
100% 100%
12 93%
12
9
42% 51%
4 30%
2 2
PP PE PVC PP PE PVC
BRAZIL USA
12
Source: Braskem / CMAI 12
14. …and Diversified customer basis in the
fast-growing Brazilian market
% of Resin Sales Growth by Sector in 2007
OTHERS INDUSTRIAL + 6%
AUTOMOTIVE FOOD PACKAGING
ELECTRIC AND 10%
ELECTRONIC 3% PLASTIC PACKAGING + 4%
INFRASTRUCTURE
2% 23%
4%
CLEANING
MATERIAL 5% CONSUMER GOODS + 5%
COSMETICS AND
PHARMACEUTICALS
3%
CONSTRUCTION + 5%
8% 17%
AGRICULTURE
CONSUMER FERTILIZERS + 5%
8% GOODS
RETAIL 17%
AUTOMOBILES + 15%
CIVIL CONSTRUCTION
HOME APPLIANCES +6%
14
Source: Braskem / IBGE
14
15. Braskem has differentiated
technology
Innovation is a key value driver for Braskem
• Over US$ 160 million
in R&D assets
• 200 researchers
• 8 pilot plants
• 187 patents filed
• Focus on nanotechnology and intelligent
packaging
• Partnership with universities and R&D
centers in Brazil and abroad
• 18% of resins sales derive from
products developed in the last three
years 15
Source: Braskem 15
16. Green Polymer:
A global pioneer achievement
• Ethylene plant from ethanol – 200,000 tons
• Operation startup in 2010 in Triunfo, RS
• Pilot plant producing @ 12 ton/year – samples
under tests at potential clients
• High demand potential
• Estimated investment of ~ R$ 450 million
Certified by Beta Association with
100% renewable
Analytics USA Brazilian and
feedstock multinational
Sugar Cane Ethanol Main laboratory in the world companies
specialized in carbon analysis Food, automotive and
cosmetic industries
16
Source: Braskem 16
17. Strong and consistent spread over
international prices
PE: Braskem Premium over International % PP: Braskem Premium over International %
42%
34% 33%
27%
Spread PEAD Braskem / International US$ Spread PP Braskem / International US$
Average 27%
Average 30%
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6
06
7
07
/0
/0
/0
l/0
/0
/0
/0
/0
l/0
/0
/0
/0
/0
l/0
/0
/0
/0
0
/0
/0
l/0
t/0
/0
/0
l/0
t/0
/0
/0
l/0
/0
v/
v/
v/
v/
v/
t/
v/
n/
n/
n/
n/
n
n
n
n
t
t
t
ar
ar
ar
ar
ai
ai
ai
ju
ju
ju
ar
ar
ar
ar
ai
ai
ai
se
se
se
ju
ju
ju
no
no
no
ja
ja
ja
ja
se
se
se
m
m
m
no
no
no
ja
ja
ja
ja
m
m
m
m
m
m
m
m
m
m
m
Drivers
PVC: Braskem premium over international % •High value-added product mix
•Development of new products
52% •Logistics constraints as a barrier for
imports
42% •Import tariffs
•Reliability of supply
Spread PVC Braskem / International US$
Average 42% •Market knowledge
•Technical support for product
05
05
5
5
05
05
06
6
6
6
06
06
07
7
7
7
07
07
08
8
l/0
/0
l/0
/0
l/0
/0
/0
/0
/0
t/
t/
t/
n/
/
v/
n/
v/
n/
v/
n/
ai
ai
ai
ar
ar
ar
ar
ju
ju
ju
se
se
se
no
no
no
ja
ja
ja
ja
m
m
m
m
m
m
m
applications
Source: CMAI / Braskem 17
19. Production growth with higher
operating reliability
Capacity Utilization %
ETHYLENE PE PP PVC
104%
96% 95% 96% 96% 96%
93% 94%
92%
91% 89% 86%
88%
1Q07 4Q07 1Q08 1Q07 4Q07 1Q08 1Q07 4Q07 1Q08 1Q07 4Q07 1Q08
Resin Production Kton
ALL-TIME RECORDS
2,827
2,786 Production in the last 12
700 702 704 months of 2,827 Kton
+1%
Quarterly PVC production
of 130 Kton in 1Q08
LTM LTM 1Q07 4Q07 1Q08
1Q07 1Q08
19
Source: Braskem
20. Continued leadership position in
growing domestic market
Domestic Sales 1Q08 vs. 1Q07 % Resin Market Share 1Q08
+13%
Other
+7% 29%
+ 6% +5% 49%
22%
Imports
Resin
PE PP PVC
Braskem
*Domestic sales + Imports in kton
Source: Braskem / Abiquim 20
21. Resilience performance in a
challenging scenario
R$ million 1Q08 4Q07 Change %
Sales 4,410 4,809 (8)
EBITDA 583 648 (10)
Margin 13.2% 13.5% -0.3 p.p.
Net Income before Minority 120 25 379
Minority Interest (37) 2 -
Net Income 83 27 204
Source: Braskem
* Pro Forma Figures 21
22. Evolution of EBITDA
Commercial strategy and reduction in fixed costs minimize
impacts from higher Naphtha prices
R$ million
Fixed cost reduction and 5% increase in US$/t
lower export volumes naphtha prices
Higher international
prices coupled with
FX impact
strong pricing power in 83 on costs
the domestic market 112
Extraordinary sales FX impact
188 volume in 4Q07 (115) on revenue
648
(263) (136) 19 583
(89)
(32)
4Q07 Fixed Raw 1Q08
Prices Volume Foreign Other
Costs/ Materials
Exchange
SG&A
Source: Braskem 22
23. Lengthening of debt profile
is a priority and is in course
TJLP CDI
in R$ million (3/31/08) Pré-fixado 8% 17%
2%
Gross Debt: 9,363 Net Debt / EBITDA (x)
Net Debt: 7,431
2.56
US$
1.93
Bridge
Average Term:10 years* 23% Trade Loan
Finance 23% +33%
27%
22%
Dec-07 Mar-08
875 US$ 73%
Cash and equivalents
US$ 500 million Bond Issuance (~ R$ 875 MM)
1,932
792 16%
13%
1,143
10% 9% 875
9%
441 8%
7%
6%
1,241 894
789 974 827 786
767 534 617 614
3/31/08 2008 2009 2010 2011 2012 / 2014 / 2016 / 2018 / Perpetual
In R$ 2013 2015 2017 2020
In US$ * Includes R$2.1 billion from bridge loan to acquire Ipiranga Group’s petrochemical assets
Source: Braskem
* Average Term after the US$ 500 million bond issuance is 11 years 23
25. NPV of US$ 1.1 billion in total synergies
from Ipiranga acquisition
R$ 200 million on annual and recurring basis in the EBITDA
R$ million
Total Synergies
Synergies in 2008 (R$ 108 million) 9 200
10
14
25
69
73
Total
Industrial Commercial Logistics Supply Others Financial
Synergies
Source: Braskem 25
25
26. Accelerated Synergies in 1Q08:
R$ 136 million in annual and recurring gains
Actual Goal R$ million
Annualized
Synergies 1Q08 2008
Industrial 16 39
Commercial 42 29
Logistics 7 16
Supply 10 13
Financial 2 7
Others 1 4
Benefit on EBITDA 77 108
Financial ex-Ebitda 59 80
Source: Braskem 26
27. Additional gains of R$ 100 million with
Fixed Costs Reduction Program
R$ 100 million estimated annual & recurring gains:
R$ 30 million in production costs
R$ 70 million in general and administrative
expenses
R$ 67 million already captured in 1Q08 on annualized
and recurring basis
Renegotiation of contracts: insurance, IT and telecom
Supply chain integration: reduction in inventory levels of
maintenance and production items
Optimization of the organizational structure 27
27
28. Strategic alignment with Petrobras
Superior Industry Structure in Brazil: Consolidation around 2 large
competitors (Braskem & CPS).
New Geographic growth opportunities: linked to Petrobras’
extensive footprint in Brazil and abroad
Synergies:
potential for operational integration with Petrobras refineries
Innovation & Technology: partnership with Petrobras Research
Center
High corporate governance standards: New shareholders
agreement
28
28
29. Ethylene global supply & demand balance
High capacity utilization rate in 2008
SIPCHEM*
shelves plans
for 1.3 MM ton
MM ton cracker at Utilization Rate %
Al-Jubail in
180 Saudi Arabia 100
100
160
160 149 154
140 142 95
95
140 131 131 136
124
91% 119
120
90 89% 89% 90
88% 88%
100
80
85
85
60
80
40 80
20
75
0 1 2 3 4 5 75
2008 2009 2010 2011 2012
Supply Demand Utilization Rate
Source: CMAI, March of 2008 * SIPCHEM - Saudi International Petrochemical
29
30. Global supply & demand
High Ethylene Utilization Rate in South America
Ethylene
MM tons
159
9
3
4
8
9
126
EHYTLENE UTILIZATION RATE (’07-’12)
(’ 07-
WORLD ≥ 88%
SOUTH AMERICA ≥ 92%
NORTH AMERICA ≥ 85%
Supply Supply
Saudi Arabia China Iran Qatar Others
2007 2012
30
Source: CMAI 30
31. Meaningful organic growth …
Reinvestment spread prudently
• (1) over time, (2) across geographies and (3) with diversified feedstock
Braskem Capacity Additions (2008-12)
Product Capacity Investment Advantage Start-up
(K ton) (US$ MM)
PP Paulínia 350 350 Diversification - Refinery Gas 2008
Green PE 200 NA Ethanol – 100% Renewable 2010
PP Venezuela* 450 900 Propane at competitive cost 2010
PVC Alagoas 200 350 Leadership and innovation 2010
PP Bahia 300 NA Strengthen Market leadership 2012
PE Venezuela* 1,100 2,600 Ethane at competitive cost 2012
Total 2,600
31
Source: Braskem * JV with Pequiven (49%) and Sojitz (2%) NA: Not Available
31
32. …resulting in further improvement in cost
competitiveness via scale and efficiency
Larger scale Increased Competitiveness
Venezuela
4.9
+43% million
Camaçari - BA
715
Paulínia - SP
3.4
million 1,635
4% Triunfo - RS
9%
515
515
34%
32% 57%
55%
1,110
9%
2,565
1,815
2008 2012 FYE Feedstock from Refinery Naphtha
Polyethylene Polypropylene PVC Ethanol Natural Gas
32
32
Source: Braskem
33. Proven capacity in project
management: PP Paulínia
Start up in April 2008
Spheripol technology
Global scale: 350
Kton/year
Located in the largest
consumer market in
Latin America
Feedstock: Propylene
from refinery
Investments of R$ 700
million
33
34. Braskem:
High Upside Potential
# 1 in Domestic Market Share, #2 in Profitability and # 3 in Growth:
not yet translated into the stock price
EV/EBITDA (x)
50% upside
potential to the
12.1
average peer
EV/EBITDA
8.8 multiple
7.0 7.0 Average – 7.1
5.8 5.5 5.5 4.8
Unipar Mexichem Dow Westlake Braskem Solvay NOVA LG
Chemicals Chemicals
Source: Avi Nash LLC 34
35. Braskem:
High Upside Potential
Dominance in the domestic market with superior profitability
Exposure to the fast-growing domestic market
NPV of US$ 1.4 billion derived from synergies and reduced fixed
costs
Growth projects with increased profitability and high ROCE
Proven expertise to implement greenfield projects
Strategic alignment with Petrobras
Innovation and Technology as key value drivers: green polymer
Experienced management team focused on value creation
Commitment to Sustainability 35
35