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2Q08 Earnings
Results Presentation

08/15/2008
2
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
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.

4
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.

5
II – 2Q08 Results
Traffic – Equivalent Vehicles (thousand)
35

8.9%

30

31,100
28,547

25
20

8.9%

15
10

13,463

14,664

5
0
2Q07

2Q08

1H07

1H08
6
II – 2Q08 Results
Traffic – Equivalent Vehicles (thousand)
8
7

4.7%

6

5,555

5

11.8%
5,865

5,816
5,244

4

12.0%
3
2

2,664

2,983

1
0

2Q07

2Q08
ECONORTE

2Q07

2Q08
CONCER

2Q07

2Q08
CONCEPA

7
II – 2Q08 Results
Container Handling- TEUs (thousand)
90
85,390

80
70
60

79.3%

50

54,814

40
30

30,576

20
10
0
1Q08

2Q08

1H08
8
II – 2Q08 Results
Net Revenue from Operations (R$ 000)
160
140

55.1%

120

137,036

100
80
60
40

88,333

60.4%

67,439

42,046

20
0
2Q07

2Q08

1H07

1H08
9
II – 2Q08 Results
Total Costs and Expenses (R$ 000)
70
64,077

60

43.0%
50
44,812

40

30.0%

30
20

31,606
24,311

10
0
2Q07

2Q08

1H07

1H08
10
II – 2Q08 Results
Adjusted EBITDA (R$ 000)
80
70

73,814

69.6%

60
50
40
30

43,521

106.9%

36,688

20
10

17,735

0
2Q07

2Q08

1H07

1H08
11
II – 2Q08 Results
Adjusted EBITDA Margin (%)
60
50

4.6 p.p
12.2 p.p

54.4

53.9
49.3

40

42.2

30
20
10
0
2Q07

2Q08

1H07

1H08
12
II – 2Q08 Results
Net Financial Result (R$ 000)
2Q07

2Q08

0

1H07

1H08

- 1, 70 0

-5

- 88.4%
-10
- 13 , 0 9 5
- 14 , 6 0 4

-15

- 48.7%
-20
-25

- 2 5, 50 4

-30
13
II – 2Q08 Results
Net Loss

Net Income – dividend
base (R$ 000)

(R$ 000)

2Q07

2Q08

2Q07

0

10

-1

2Q08

8

-2

-2,968

-3

6

218.7%

7,675

4

-4

- 68.2%

-5

2
0

-6
-7

-2

-8

-4

-9
-10

-9.331

-6

-6.466

-8
14
III – Debt
Total Debt (R$ 000) & as percentage of total assets (%)
500,00

469,363
45,2%

420,00

404,632

40,2%
35,2%

340,00

30,2%
27,7%

29,4%

25,2%
20,2%

260,00

15,2%
180,00

10,2%
5,2%

100,00

0,2%

1Q08

2Q08
15
III – Debt
Net Debt

(R$ 000) & net debt / Adjusted EBITDA

600

500

400

3,40
3,35

3,35

398,792

3,30

359,118
3,25

300
3,20
200

3,16

100

3,15
3,10

0

3,05

1Q08

2Q08
16
IV – Capex
PP&E and Deferred
PP&E and Deferred Assets
on June 30, 2008

Net Fixed
Asset
5,692

Deferred

Total

%

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

TPI

17
IV – Capex
Increase in PP&E
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
18
www.tpisa.com.br
Triunfo S ão Paulo
Rua Olimpíadas 205 14º andar cj. 1402
CEP 04551-000 São Paulo SP BR
Fone 55 11 2169 3999
Fax 55 11 2169 3969

19

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2 t08 inglês 080811-v04 (final)

  • 1. 1
  • 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 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. 4
  • 5. 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$289.70 million for Rio Verde Energia S.A, for the Salto hydroelectric plant. In July 2008, Portonave achieved 100,000 handled TEUs after less than one year of operations. 5
  • 6. II – 2Q08 Results Traffic – Equivalent Vehicles (thousand) 35 8.9% 30 31,100 28,547 25 20 8.9% 15 10 13,463 14,664 5 0 2Q07 2Q08 1H07 1H08 6
  • 7. II – 2Q08 Results Traffic – Equivalent Vehicles (thousand) 8 7 4.7% 6 5,555 5 11.8% 5,865 5,816 5,244 4 12.0% 3 2 2,664 2,983 1 0 2Q07 2Q08 ECONORTE 2Q07 2Q08 CONCER 2Q07 2Q08 CONCEPA 7
  • 8. II – 2Q08 Results Container Handling- TEUs (thousand) 90 85,390 80 70 60 79.3% 50 54,814 40 30 30,576 20 10 0 1Q08 2Q08 1H08 8
  • 9. II – 2Q08 Results Net Revenue from Operations (R$ 000) 160 140 55.1% 120 137,036 100 80 60 40 88,333 60.4% 67,439 42,046 20 0 2Q07 2Q08 1H07 1H08 9
  • 10. II – 2Q08 Results Total Costs and Expenses (R$ 000) 70 64,077 60 43.0% 50 44,812 40 30.0% 30 20 31,606 24,311 10 0 2Q07 2Q08 1H07 1H08 10
  • 11. II – 2Q08 Results Adjusted EBITDA (R$ 000) 80 70 73,814 69.6% 60 50 40 30 43,521 106.9% 36,688 20 10 17,735 0 2Q07 2Q08 1H07 1H08 11
  • 12. II – 2Q08 Results Adjusted EBITDA Margin (%) 60 50 4.6 p.p 12.2 p.p 54.4 53.9 49.3 40 42.2 30 20 10 0 2Q07 2Q08 1H07 1H08 12
  • 13. II – 2Q08 Results Net Financial Result (R$ 000) 2Q07 2Q08 0 1H07 1H08 - 1, 70 0 -5 - 88.4% -10 - 13 , 0 9 5 - 14 , 6 0 4 -15 - 48.7% -20 -25 - 2 5, 50 4 -30 13
  • 14. II – 2Q08 Results Net Loss Net Income – dividend base (R$ 000) (R$ 000) 2Q07 2Q08 2Q07 0 10 -1 2Q08 8 -2 -2,968 -3 6 218.7% 7,675 4 -4 - 68.2% -5 2 0 -6 -7 -2 -8 -4 -9 -10 -9.331 -6 -6.466 -8 14
  • 15. III – Debt Total Debt (R$ 000) & as percentage of total assets (%) 500,00 469,363 45,2% 420,00 404,632 40,2% 35,2% 340,00 30,2% 27,7% 29,4% 25,2% 20,2% 260,00 15,2% 180,00 10,2% 5,2% 100,00 0,2% 1Q08 2Q08 15
  • 16. III – Debt Net Debt (R$ 000) & net debt / Adjusted EBITDA 600 500 400 3,40 3,35 3,35 398,792 3,30 359,118 3,25 300 3,20 200 3,16 100 3,15 3,10 0 3,05 1Q08 2Q08 16
  • 17. IV – Capex PP&E and Deferred PP&E and Deferred Assets on June 30, 2008 Net Fixed Asset 5,692 Deferred Total % 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 TPI 17
  • 18. IV – Capex Increase in PP&E 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 18
  • 19. www.tpisa.com.br Triunfo S ão Paulo Rua Olimpíadas 205 14º andar cj. 1402 CEP 04551-000 São Paulo SP BR Fone 55 11 2169 3999 Fax 55 11 2169 3969 19