3 q11 results presentation
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description
Transcript of 3 q11 results presentation
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3Q11 Earnings
Results Presentation
11/11/2011
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This release contains forward-looking statements relating to the prospects of the business,
estimates for operating and financial results, and those related to growth prospects of TPI –
Triunfo Participações e Investimentos S.A.. These are merely projections and, as such, are
based exclusively on the expectations of the Company’s management concerning the future of
the business. Such forward-looking statements depend substantially on changes in market
conditions, the performance of the Brazilian economy, the sector and the international markets,
and are, therefore, subject to changes without previous notice.
Forward-Looking Statements
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I - Highlights
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I - Highlights
Toll roads traffic volume increased 7.2% in 3Q11 over 3Q10, reaching approximately 18.8
million equivalent vehicles.
Handled container volume totaled 137,935 TEUs.
Electricity output in 3Q11 generated revenue of R$26.1 million.
Maestra handled 2.474 TEUs in 3Q11.
Net revenue was R$196.3 million.
Adjusted EBITDA totaled R$73.4 million in 3Q11.
The dividend calculation base reached R$2.5 million
Consolidated operational cash generation came to R$24.2 million.
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I - Highlights
Rio Verde Energia increased its assured energy by 4MW.
Triunfo purchased all the shares of Santa Rita and now holds 100% interest, with the
purpose of implementing a port project.
Maestra LLP, our cabotage company, acquired a fourth ship, which will allow better customer
service, with weekly stopovers at the terminals where it operates.
Maestra issued non-convertible debentures amounting to R$80 million to finance its strategy
of operating four vessels.
Triunfo signed a Memorandum of Understanding with the Japanese shipping company
Nippon Yusen Kabushiki Kaisha (“NYK”) outlining the key terms and conditions for
establishing a joint venture in Maestra
Maestra Pacífico vessel, belonging to Maestra, began operations in November 2011
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II – 3Q11 Results
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17,558
18,824
14,000
14,500
15,000
15,500
16,000
16,500
17,000
17,500
18,000
18,500
19,000
3Q10 3Q11
Traffic – Equivalent Vehicles (‘000)
II – 3Q11 Results
7.2%
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3,667 3,768
6,905
7,562
6,987
7,494
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
3Q10 3Q11 3Q10 3Q11 3Q10 3Q11
Traffic – Equivalent vehicles in the concessionaries (‘000)
II – 3Q11 Results
ECONORTE CONCER CONCEPA
2.8%
9.5% 7.3%
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153,524
137,935
130,000
135,000
140,000
145,000
150,000
155,000
3Q10 3Q11
Container Handling - TEUs (‘000)
II – 3Q11 Results
-10.2%
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Power Generation - MWh
II – 3Q11 Results
99,378
131,733
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
3Q10 3Q11
32.6%
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177,258
213,640
-
50,000
100,000
150,000
200,000
250,000
3Q10 3Q11
Gross Revenue from Operations (R$ ‘000)
II – 3Q11 Results
20.5%
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64,491
81,702
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
3Q10 3Q11
Operating Costs (R$ ‘000)
Net – Depreciation / Amortization
II – 3Q11 Results
26.7%
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20,997
43,556
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
3Q10 3Q11
Operating Expenses (R$ ‘000)
Net – Depreciation / Amortization
II – 3Q11 Results
107.4%
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87,098
73,381
65,000
70,000
75,000
80,000
85,000
90,000
3Q10 3Q11
Adjusted EBITDA (R$ ‘000)
II – 3Q11 Results
-15.7%
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57.9%
42.6%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
3Q10 3Q11
EBITDA Margin (%)
II – 3Q11 Results
-15.3p.p
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(25,719)
(52,472)
(60,000)
(50,000)
(40,000)
(30,000)
(20,000)
(10,000)
-
3Q10 3Q11
Net Financial Results (R$ ‘000)
II – 3Q11 Results
104.0%
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13,935
(14,831)
(20,000)
(15,000)
(10,000)
(5,000)
-
5,000
10,000
15,000
20,000
3Q10 3Q11
Net Profit
(R$ ‘000)
II – 3Q11 Results
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966,717
1,065,918
2.66 x
2.88 x
2.50 x
2.70 x
2.90 x
3.10 x
3.30 x
3.50 x
3.70 x
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1,200,000
2Q11 3Q11
Net Debt (R$ ‘000) & Net Debt / EBITDA
III – Debt
27.7%
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IV – Capex
Balance of Investments in Fixed Assets
Triunfo 2,763 3.2%
Concer 12,925 14.9%
Concepa 3,959 4.6%
Econorte 6,965 8.0%
Portonave 8,268 9.5%
Rio Canoas 29,361 33.9%
Vessel-Log 1,780 2.1%
NTL 1,317 1.5%
Maestra 18,573 21.4%
Other Investments 730 0.8%
86,641 100.0%
Rio Verde 428 0.5%
Capex with Rio Verde 87,069
BALANCE OF INVESTMENTS IN FIXED ASSETS IN 2011
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www.tpisa.com.br
Tr iunf o São Paulo
Rua Olimpíadas 205 14º andar cj. 1402
CEP 04551-000 São Paulo SP BRFone 55 11 2169 3999
Fax 55 11 2169 3969
Rua Olimpíadas 205 14º andar cj. 1402 CEP 04551-000 São Paulo SP BR
Fone 55 11 2169 3999 Fax 55 11 2169 3939
www.triunfo.com
