2 t08 inglês 080811-v04 (final)
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Transcript of 2 t08 inglês 080811-v04 (final)
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2
2Q08 Earnings Results Presentation
08/15/2008
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Forward-Looking Statements
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.
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I - Highlights
Net Income (dividend base) totaled R$ 7.675 million, 218.7% up on the 2Q07.
Total traffic volume moved up 8.9% year-on-year to 14.664 million equivalent vehicles.
Consolidated Net Operating Revenue climbed by 60.4% over the 2Q07 to R$67.439 million.
Adjusted EBITDA totaled R$36.688 million, 106.9% up year-on-year.
Portonave handled 54,814 TEUs, 79.3% growth over the first quarter of 2008.
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I - Highlights
TPI signed a definitive share purchase agreement with SBS Engenharia e Construção Ltda to acquire 30% of Concepa and Rio Guaíba. On conclusion of the transaction, TPI will own 100% of both firms.
TPI acquired a company that its only asset is a site in the Baixada Santista region of São Paulo state, for a possible future infrastructure project.
In July, BNDES approved financing of R$289.70 million for Rio Verde Energia S.A, for the Salto hydroelectric plant.
In July 2008, Portonave achieved 100,000 handled TEUs after less than one year of operations.
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Traffic – Equivalent Vehicles (thousand)
II – 2Q08 Results
28,547
31,100
13,46314,664
0
5
10
15
20
25
30
35
2Q07 2Q08 1H07 1H08
8.9%
8.9%
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Traffic – Equivalent Vehicles (thousand)
II – 2Q08 Results
5,8165,555
2,6642,983
5,244
5,865
0
1
2
3
4
5
6
7
8
2Q07 2Q08 2Q07 2Q08 2Q07 2Q08ECONORTE CONCER CONCEPA
12.0%
4.7% 11.8%
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Container Handling- TEUs (thousand)
II – 2Q08 Results
85,390
30,576
54,814
0
10
20
30
40
50
60
70
80
90
1Q08 2Q08 1H08
79.3%
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Net Revenue from Operations (R$ 000)
II – 2Q08 Results
88,333
137,036
42,046
67,439
0
20
40
60
80
100
120
140
160
2Q07 2Q08 1H07 1H08
60.4%
55.1%
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Total Costs and Expenses (R$ 000)
II – 2Q08 Results
44,812
64,077
31,606
24,311
0
10
20
30
40
50
60
70
2Q07 2Q08 1H07 1H08
30.0%
43.0%
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Adjusted EBITDA (R$ 000)
II – 2Q08 Results
43,521
73,814
17,735
36,688
0
10
20
30
40
50
60
70
80
2Q07 2Q08 1H07 1H08
106.9%
69.6%
12
0
10
20
30
40
50
60
2Q07 2Q08 1H07 1H08
Adjusted EBITDA Margin (%)
II – 2Q08 Results
12.2 p.p4.6 p.p
42.2
53.949.3
54.4
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Net Financial Result (R$ 000)
II – 2Q08 Results
-25,504
-13,095
-1,700
-14,604
-30
-25
-20
-15
-10
-5
0
2Q07 2Q08 1H07 1H08
- 88.4%
- 48.7%
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Net Loss (R$ 000)
II – 2Q08 Results
-9.331
-2,968
-10
-9
-8
-7
-6
-5
-4
-3
-2
-1
0
2Q07 2Q08
-6.466
7,675
-8
-6
-4
-2
0
2
4
6
8
10
2Q07 2Q08
Net Income – dividend base (R$ 000)
- 68.2%
218.7%
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Total Debt (R$ 000) & as percentage of total assets (%)
III – Debt
404,632
469,363
27,7%29,4%
100,00
180,00
260,00
340,00
420,00
500,00
1Q08 2Q08
0,2%
5,2%
10,2%
15,2%
20,2%
25,2%
30,2%
35,2%
40,2%
45,2%
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Net Debt (R$ 000) & net debt / Adjusted EBITDA
III – Debt
359,118398,792
3,35
3,16
0
100
200
300
400
500
600
1Q08 2Q08
3,05
3,10
3,15
3,20
3,25
3,30
3,35
3,40
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IV – Capex
PP&E and DeferredPP&E and Deferred Assets
on June 30, 2008Net Fixed
Asset Deferred Total %
TPI 5,692 4,210 9,902 0.74
Concer 444,782 302 445,084 33.42
Concepa 233,264 0 233,264 17.52
Econorte 241,485 0 241,485 18.13
Rio Verde 107,729 11,746 119,475 8.97
Ecovale 1 2,864 2,865 0.22
Portonave 206,589 (984) 205,605 15.44
TPB 72,231 0 72,231 5.42
Rio Bonito 163 0 163 0.01
Rio Guaíba 208 0 208 0.02
OSR 1,447 0 1,447 0.11
Total 1,313,591 18,138 1,331,729 100.00
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PP&E and Deferred Assets on 2Q08
Net Fixed Asset Deferred Total %
TPI 29 1,243 1,272 2.54
Concer 6,058 300 6,358 12.68
Concepa 6,455 0 6,455 12.87
Econorte 2,709 0 2,709 5.40
Rio Verde 21,403 2,261 23,664 47.18
Ecovale 0 48 48 0.10
Portonave 9,410 162 9,572 19.08
Rio Bonito 31 0 31 0.06
Rio Guaíba 12 0 12 0.02
OSR 38 0 38 0.08
Total 46,145 4,014 50,159 100.00
IV – Capex
Increase in PP&E
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Triunfo São PauloRua Olimpíadas 205 14º andar cj. 1402
CEP 04551-000 São Paulo SP BRFone 55 11 2169 3999Fax 55 11 2169 3969