2. 1Q08 Earnings
Results Presentation
05/13/2008
2

3. 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.
3

4. I - Highlights
Total traffic in our toll road concessions in the 1Q08 increased by 9.0% to 16,436
thousand equivalent vehicles.
Consolidated net operating revenue in the 1Q08 increased by 50.4% year on year
to R$ 69.597 million.
Adjusted EBITDA in the 1Q08 grew 44% to reach R$37,126 million.
In the first 3 months of 2008, we brought three more world renowned shipping lines,
ZIM, NYK and Hamburg Süd, to the Navegantes port.
4

5. I - Highlights
The National Commission for Public Security at Ports, Terminals and Navigable
Waterways (CONPORTOS) issued the Declaration of Compliance (ISPS Code) for
Portonave on February 29, 2008, signifying that the terminal is ready to operate the
US and Caribbean lines.
Mr. Carlo Alberto Bottarelli, the CEO, resigned as Chairman of the Board on March
3, 2008. Mr. Luiz Fernando Wolff de Carvalho took over as Chairman of the Board on
March 19, 2008.
TPI participated in the auction for the Rodoanel beltway on March 11, 2008, in
which the participant with the lowest tariff would win. The Company submitted the
third best bid.
5

6. II – 1Q08 Results
Traffic
Equivalent Vehicles (thousand)
17000
16500
16000
9.0%
15500
15000
14500
14000
15,084
16,436
1Q07
1Q08
6

7. II – 1Q08 Results
Traffic
Equivalent Vehicles (thousand)
10000
12.0%
8000
4.3%
6000
10.6%
4000
2000
0
2,621
2,900
5,471
5,707
6,993
7,829
1Q07
1Q08
1Q07
1Q08
1Q07
1Q08
ECONORTE
CONCER
CONCEPA
7

8. II – 1Q08 Results
Container Handling
TEUs (thousand)
35000
30000
150.2%
25000
20000
15000
10000
5000
0
12,215
30,558
4Q07
1Q08
8

9. II – 1Q08 Results
Net Revenue from Operations
(R$000)
80000
70000
60000
50000
40000
30000
20000
10000
0
50.4%
46,287
69,597
1Q07
1Q08
9

10. II – 1Q08 Results
Total Costs
(R$000)
80000
70000
60000
50000
40000
30000
20000
10000
0
108.6%
32,689
68,181
1Q07
1Q08
10

11. II – 1Q08 Results
Adjusted EBITDA
(R$000)
40000
44.0%
35000
30000
25000
20000
15000
10000
5000
0
25,786
37,126
1Q07
1Q08
11

12. II – 1Q08 Results
Adjusted EBITDA Margin
(%)
56
2.4 p.p
52
48
44
55.7
53.3
1Q07
1Q08
12

13. II – 1Q08 Results
Net Financial Result
(R$000)
4.5%
12000
10000
8000
6000
4000
2000
0
10,900
11,395
1Q07
1Q08
13

14. II – 1Q08 Results
Net Loss
(R$000)
14000
12000
10000
8000
6000
4000
2000
0
154
11,430
1Q07
1Q08
14

15. III – Debt
Total Debt(R$ 000)
& as percentage of total assets (%)
425000
420000
27.8
27.8
27.8%
27.8
415000
27.8
27.7
410000
27.7%
405000
400000
395000
27.7
27.7
27.7
421,230
2007
404,632
1Q08
27.7
27.6
15

16. III – Debt
Net Debt
(R$ 000)
& net debt / Adjusted EBITDA
355000
3.39
350000
3.38
3.38x
3.38
345000
3.37
340000
3.37
335000
3.35x
330000
3.36
3.36
325000
3.35
320000
315000
310000
3.35
324,568
2007
359,191
1Q08
3.34
3.34
16

17. IV – Capex
PP&E and Deferred
Net Fixxed
Asset
Net Deferred
Asset
Total
Participation
(%)
5,758
2,996
8,754
0.76
Concer
448,872
2
448,874
39.11
Concepa
233,279
0
233,279
20.33
Econorte
247,045
0
247,045
21.53
Ecovale
1
2,864
2,865
0.25
Portonave
200,910
4,119
205,029
17.87
Rio Bonito
138
0
138
0.01
Rio Guaíba
208
0
208
0.02
OSR
1,431
0
1,431
0.12
Total
1,137,642
9,981
1,147,623
100.00
PP&E and Deferred Assets on March 31, 2008
TPI
17

18. IV – Capex
Increase in PP&E
Addition to PP&E and Deferred Assets on March 31, 2008
PP&E
Deffered
Total
54
941
995
Participation
(%)
8.18
Concer
2,016
0
2,016
16.57
Concepa
4,871
0
4,871
40.02
Econorte
1,820
0
1,820
14.95
Ecovale
0
34
34
0.28
Portonave
2,230
0
2,230
18.32
Rio Bonito
23
0
23
0.19
Rio Guaíba
8
0
8
0.07
OSR
173
0
173
1.42
Total
11,195
975
12,170
100.00
TPI
18

19. www.tpisa.com.br
Triunfo São Paulo
Rua Olimpíadas 205 14º andar cj. 1402
CEP 04551-000 São Paulo SP BR
Phone : 55 11 2169 3999
Fax 55 11 2169 3969