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.
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4. Accounting Changes
In compliance with CVM Official Letter CVM/SNC/SEP 2/2009, the information for the quarter
ended March 31, 2008 (1Q08), was not adjusted in accordance with the accounting practices in
effect in the current quarter. The effects on net income and shareholders’ equity deriving from
the application of said adjustments are disclosed in the explanatory notes to the 1Q09. The
quarterly information is presented in thousands of Reais, except when otherwise stated.
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5. I - Highlights
Total traffic volume on our toll road concessions fell 0.8% year on year to 16,302 equivalent
vehicles.
Handled container volume jumped by 97.9% over 1Q08 to 60,516 TEUs.
Consolidated Net Operating Revenue increased 28.4% year on year to R$89,370.
Adjusted EBITDA totaled R$65,316, 75.9% up on 1Q08.
Net income totaled R$11,133, versus a net loss of R$11,430 loss in 1Q08.
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6. I - Highlights
On February 19, ARTESP granted Triunfo the concession for the Ayrton Senna/Carvalho
Pinto Corridor.
On March 24, the BNDES freed the third R$ 40,000 financing tranche for the construction of
the Salto Plant
On March 27, ANEEL altered Rio Verde’s installed capacity from 108 MW to 116 MW
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7. I – Subsequent events
On April 3, Portonave received authorization to operate with a draft of 10.0m.
On April 30, the Annual Shareholders' Meeting elected the Board of Directors for a two-year
mandate.
On May 6, the company charged with dredging of the Itajaí-Açú river, which provides access
to the Port of Navegantes, declared the project concluded, having reached a depth of 10m.
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8. I – Subsequent events
In addition, we won the bid for the Ayrton Senna/Carvalho Pinto Corridor Concession
tendered by the São Paulo state government in 3Q08 and were summoned to sign the
agreement. The deadline for submitting the necessary documents, together with 20% of the
concession fee, ended on April 17, 2009. On the latter date, having delivered all the
necessary documents, including the statement of availability of funds in regard to payment
of the initial concession fee installment, except for the performance guarantee, whose issue
was jeopardized by circumstances beyond Triunfo’s control, the Company asked ARTESP for
a 30-day extension. However, this request was denied and ARTESP quashed Triunfo’s right
to execute the Concession Agreement. We are currently taking the appropriate measures in
order to reverse this situation.
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19. IV – Capex
Balance of Investments in Fixed Assets
Assets on March 31, 2009
Total
%
Triunfo
162,679
9.8
Concer
393,869
23.7
Concepa
312,353
18.8
Econorte
227,699
13.7
Rio Verde
309,671
18.6
Portonave
174,775
10.5
Other Investments
82,015
4.9
Total
1,663,061
100.00
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20. IV – Capex
Investments in Fixed Assets
Fixed Assets on March 31, 2009
Total
%
Triunfo
5,635
6.5
Concer
2,764
3.2
Concepa
6,168
7.1
Econorte
2,659
3.0
Rio Verde
69,678
79.8
Portonave
148
0.1
Other Investments
311
0.3
Total
87,363
100.00
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21. www.tpisa.com.br
Tr iu n f o Sã o Pa u lo
R O píadas 205 14º andar cj. 1402
ua lim
C P04551-000 S P S B
E
ão aulo P R
F 55 11 2169 3999
one
F 55 11 2169 3969
ax
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