This document summarizes the financial information of LOCALIZA RENT A CAR S.A. as of June 30th, 2008 and September 30th, 2008. It outlines the company's debt obligations, including short term and long term debts. It also provides expectations for car and fleet rental growth of around 20% in 2009, as well as maintaining a similar net debt level. The document concludes with legal disclaimers regarding the presentation of financial information.
1. LOCALIZA RENT A CAR S.A.
Conference call
October, 1st 2008
The following preliminary financial information is stated in Brazilian Reais and is not reviewed by independent
auditors yet.
2. Debt on June 30th, 2008 (Principal)
R$ millions
Start Type Currency Interest rate Principal Due date
February-08 Resolution 2770 Real* CDI + 130bps 2.2 January-09
February-08 Resolution 2770 Real* 105,2% CDI 15.0 February-09
March-08 Commercial papers Real CDI + 95bps 300.0 March-09
March-08 Compror Real CDI + 91bps 59.1 April-09
January-08 Resolution 2770 Real* CDI + 120bps 104.8 May-09
481.1
Short term subtotal
April-05 1st Debentures Real 108,5% CDI 350.0 April-10
April-08 NCC - Commercial Banking Note Real 106,9% CDI 35.0 April-11
June-07 BNDES Real TJLP + 380bps 3.5 May-12
April-08 CCB - Commercial Credit Note Real CDI + 150bps 86.0 April-13
July-07 2nd Debentures Real CDI + 44bps 200.0 July-14
Long term subtotal 674.5
Gross Debt 1,155.6
Cash 297.0
Net Debt 858.6
* Operations in foreign currency are swaped at the same issuance day to CDI (R$)
3. Balance of 3Q08
Contracts R$ millions
Start Type Currency Principal Due date
July-08 Compror Real* 5.2 September-08
September-08 3rd Debentures (CDI + 180bps) Real 300.0 September-11
September-08 Guaranteed Account Real 33.8 November-08
September-08 Working Capital (CDI + 95bps) Real 169.5 March-09
Contracts Total 508.5
Amortizations
Start Type Currency Principal Due date
July-08 Resolution 2770 Real* 30.3 September-08
March-08 Commercial papers Real 300.0 March-09
March-08 Compror Real* 31.0 September-08
Amortizations Total 361.3
* Operations in foreign currency are swaped at the same issuance day to CDI (R$)
4. Debt on September 30th, 2008 (Principal)
R$ millions
Start Type Currency Interest rate Principal Due date
September-08 Guaranteed Account Real CDI + 157bps 33.8 November-08
February-08 Resolution 2770 Real* CDI + 130bps 2.2 January-09
February-08 Resolution 2770 Real* 105,2% CDI 15.0 February-09
September-08 W orking Capital Real CDI + 95bps 169.5 March-09
March-08 Compror Real CDI + 99bps 33.3 April-09
January-08 Resolution 2770 Real* CDI + 115bps 74.5 May-09
Short term subtotal 328.3
April-05 1st Debentures Real 108,5% CDI 350.0 April-10
April-08 NCC - Commercial Banking Note Real 106,9% CDI 35.0 April-11
September-08 3rd Debentures Real CDI + 180bps 300.0 September-11
June-07 BNDES Real TJLP + 380bps 3.5 May-12
April-08 CCB - Commercial C redit Note Real CDI + 150bps 86.0 April-13
July-07 2nd Debentures Real CDI + 44bps 200.0 July-14
Long term subtotal 974.5
Gross Debt 1,302.8
Cash Equivalent 140.4
Net Debt 1,162.4
* Operations in foreign currency are swaped at the same issua nce day to CDI (R$)
Debt of short term (R$328.3) – Cash equivalent (R$140.4) = Net Debt of short term (R$187.9)
5. Growth expectations for 2009
Considering the current economic scenario:
• Car and fleet rental will increase around 20%
• Net debt without relevant changes in 2009
If the credit market returns to previous levels, our strategy of growth could be
reviewed
6. Disclaimer
The material presented is a presentation of general background information about LOCALIZA as of the date of the
presentation. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to
potential investors. This presentation is strictly confidential and may not be disclosed to any other person. No representation or
warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the
information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are only predictions and are not
guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be,
subject to many risks, uncertainties and factors relating to the operations and business environments of LOCALIZA and its subsidiaries
that may cause the actual results of the companies to be materially different from any future results expressed or implied in such
forward-looking statements.
Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are
reasonable based on information currently available to LOCALIZA’s management, LOCALIZA cannot guarantee future results or
events. LOCALIZA expressly disclaims a duty to update any of the forward-looking statement.
Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the
Securities Act of 1933. Any offering of securities to be made in the United States will be made by means of an offering memorandum that
may be obtained from the underwriters. Such offering memorandum will contain, or incorporate by reference, detailed information
about LOCALIZA and its business and financial results, as well as its financial statements.
This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this
presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever.