3Q13 and 9M13 Earnings Presentation

Forward-Looking Statements

This presentation 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.

The consolidated financial information is presented in proportion to the participation of Triunfo in each subsidiary. The

operational numbers correspond to 100% of the business.

The information includes the performance of the subsidiaries Rio Verde and Rio Canoas.

Since January 1, 2013, with the compulsory application of IFRS 10 and 11, the Company ceased to proportionally consolidate its

subsidiaries controlled jointly (Concer, Maestra, Portonave and Aeroportos Brasil Viracopos) in the financial statements. Concer and

Maestra have since been consolidated 100% and the results of Portonave and Aeroportos Brasil Viracopos were recorded under the item

“equity income”. This change did not affect the consolidated net income of the Company, but altered a few items in the balance sheet,

income statement and the cash flow statement, as well as financial indicators such as EBITDA and EBITDA Margin.

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3Q13 and 9M13 Highlights

• Consolidated traffic volume increased 5.7% in 3Q13, reaching 21.3 million vehicle equivalents, and 4.8% in 9M13.

• Adjusted net revenue of R$264.6 million (+24.7%) in 3Q13 and R$761.3 million (+25.7%) in 9M13.

• Container Container handling at Portonave totaled 188,100 TEUs in 3Q13, an increase of 5.6%. Growth in 9M13 was 13.7%.

• Energy sold in 3Q13 and 9M13 totaled 165.2 GWm and 459.8 GWm, respectively. Rio Canoas went operational at the end of

September, increasing the energy sold by 15.5 GWm.

• Cabotage volume totaled 15,200 TEUs in 3Q13 (+12.8%) and 36,500 TEUs in 9M13 (+23.3%).

• Viracopos Airport handled 2.3 million passengers and 59,800 tons of cargo in 3Q13.

• Adjusted EBITDA totaled R$119.4 million (+18.1%) in the quarter, with margin of 45.1%. In 9M13, adjusted EBITDA was R$371.7

million (+24.0%), with margin of 48.8%. LTM adjusted EBITDA stood at R$491.4 million.

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• Net income of R$4.6 million and Dividend Calculation Base of R$18.2 million in 3Q13. In 9M13, the Dividend Calculation Base was

R$43.0 million.

212.2

264.6

3Q12 3Q13

605.6

761.3

9M12 9M13

24.7%

Adjusted Net Revenue

Breakdown Net Revenue 3Q13 - (%)

Excluding construction revenue

Adjusted Net Revenue - (R$ million)

Excluding construction revenue

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25.7%

46%

22%

12%

12%

8%

Toll Roads

Port

Energy

Cabotage

Airport

101.1

119.4

3Q12 3Q13

299.8

371.7

9M12 9M13

18.1%

Adjusted EBITDA

EBITDA per Segment (1) 3Q13 (R$ million)

Adjusted EBITDA (1) (R$ million)

Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, adjusted for the Provision for Maintenance – IAS 37 (a non-cash item included in

Operating Costs), non-recurring expenses, minority interest and equity income. To calculate EBITDA margin, we used Adjusted Net Revenue (excluding construction

revenue, which is an accounting effect with no cash impact) as the denominator.

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24.0%

84.6

32.3

14.2 9.1

-10.0 -10.8

119.4

Toll Road Port Energy Airport Cabotage Holding EBITDA 3Q13

Toll Roads Segment

3Q13 and 9M13 Results

111.7 123.0

333.9

365.4

81.9 84.6

241.6267.5

3Q12 3Q13 9M12 9M13

Adjusted Net Revenue Adjusted EBITDA

20.1

21.3

3Q12 3Q13

60.3 63.2

9M12 9M13

5.7%

10.1%

Toll Roads Segment – 3Q13 and 9M13

Traffic of Equivalent Vehicles - (million)

Corresponds to 100% of the business Net Revenue (1) and Adjusted EBITDA– (R$ million)

Corresponds to the Triunfo Stake in the business

(1) Excluding Construction Revenue.

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4.8%

9.4%

3.3%

10.7%

Port Segment

3Q13 and 9M13 Results

54.2 57.4

146.2

172.9

22.932.4

61.8

86.5

3Q12 3Q13 9M12 9M13

Net Revenue Adjusted EBITDA

458.6

521.6

9M12 9M13

178.1

188.1

3Q12 3Q13

5.6%

5.8%

Port Segment – 3Q13 and 9M13

Container Handling - TEUs (‘000)

Corresponds to 100% of the business Net Revenue and Adjusted EBITDA - (R$ million)

Corresponds to the Triunfo Stake in the business

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13.7% 18.3%

41.6%

40.0%

Energy Generation

3Q13 and 9M13 Results

26.031.5

78.6

94.1

18.2 14.2

55.4 57.7

3Q12 3Q13 9M12 9M13

Net Revenue Adjusted EBITDA

Assured Energy Sold - (‘000 Mwh)

445.9459.8

9M12 9M13

149.7

165.2

3Q12 3Q13

10.4%

21.1%

Energy Generation – 3Q13 and 9M13

Net Revenue and Adjusted EBITDA - (R$ million)

19.7%

11

3.1%

-22.0%

4.1%

Cabotage

3Q13 and 9M13 Results

20.3

31.5

3Q12 3Q13

46.8

69.1

9M12 9M13

13.415.2

3Q12 3Q13

29.6

36.5

9M12 9M13

12.8%

54.8%

Cabotage – 3Q13 and 9M13

Container Handling - TEUs (‘000)

Corresponds to 100% of the business. Net Revenue - (R$ million)

Corresponds to the Triunfo Stake in the business.

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23.3%

47.6%

Airport Segment

3Q13 and 9M13 Results

18.7 19.9 21.3

59.8

5.9 6.6 9.1

21.6

1Q13 2Q13 3Q13 9M13

Net Revenue Adjusted EBITDA

64.1 59.8

3Q12 3Q13

193.4181.9

9M12 9M13

Passengers - (million) Corresponds to 100% of the business.

3.5% -5.9%

Cargo - (million ton) Corresponds to 100% of the business.

Airport Segment – 3Q13 and 9M13

Net Revenue - (R$ million) Excluding construction revenue

5.9%

15

-6.7% -1.4%

3Q13 Breakdown Gross Revenue

25%

64%

11%

PassengersRevenue

Cargo Revenue

CommercialRevenue

2.3 2.3

3Q12 3Q13

6.6 6.8

9M12 9M13

53.4% 13.8%

Consolidated Performance

3Q13 and 9M13 Results

Financial Income

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Financial Income

Financial Revenue

Financial Expenses

Exchange Rate Variation

3Q13 3Q12 ∆ 9M13 9M12 ∆

(57.3) (42.4) 35.2% (190.1) (122.5) 55.1%

8.0 6.3 26.7% 16.2 18,0 -9.9%

(64.8) (47.3) 37.0% (204.9) (130.9) 56.6%

(0.4) (1.4) -67.3% (1.4) (9.6) -85.8%

In R$ million

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Net Income and Dividend Basis

Dividend Basis (1) 3Q13 (R$ million)

Net Income (1) (R$ million)

-3.8

4.6

0.80.2

3Q12 3Q13 9M12 9M13

13.4

18.2

54.3

43.0

3Q12 3Q13 9M12 9M13

35.7%

20.7%

Net Debt

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(1) Net Debt in 09/30/13. (2) LTM Adjusted EBITDA

Net Debt.(1)/EBITDA (2) of the segments with

positive EBITDA

10.4 x

1.1 x 1.0 x

8.0 x

Energy Toll Roads Port Airport

(R$ million)

ENERGY TOLL ROAD PORT AIRPORTPARENT

COMPANYCABOTAGE TOTAL

2013 6 59 7 - 33 10 115

2014 51 49 28 - 4 108 241

2015 55 73 33 - 77 33 272

2016 46 131 31 14 293 27 542

2017 51 55 21 14 274 27 442

Após 2018 565 40 - 197 52 7 862

Gross Debt 773 408 119 225 733 214 2.472

Net Debt 749 398 112 189 621 212 2.282

Capex

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Viracopos Construction, October, 2013

Capex

3Q13:

R$290 million

Capex

9M13:

R$762

million

Viracopos Construction, October, 2013

Concer8.3%

Concepa3.4% Econorte

4.5%Portonave

4.2%

Portonaus1.0%

Cabotage0.1%Rio Canoas

43.3%

Rio Verde0.0%

Viracopos29.9%

Parent Company and

Other5.2%

Concer12.7%

Concepa1.5% Econorte

5.7%

Portonave4.8%

Portonaus0.8%

Cabotage0.1%

Rio Canoas27.6%

Rio Verde0.0%

Viracopos36.7%

Parent Company and Other 10.1%

IR Team

Sandro Lima – Investor Relations Officer and CFO

Marcos Pereira Luana Mota Melina Rodrigues Contact: ri@ triunfo.com

+55 11 2169 3999

Rua Olimpíadas, 205 - Conjunto 142/143

Vila Olímpia - São Paulo - CEP 04551-000

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