2. Forward-Looking Statements
This presentation contains forw
ard-looking statements relating to the prospects of the business, estimates for operating and financial
results, and those related to grow prospects of TPI – Triunfo Participações e Investimentos S.A. These are merely projections and, as
th
such, are based exclusively on the expectations of the Company’s management concerning the future of the business. Such forw
ardlooking 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 w
ithout previous notice.
The consolidated financial information is presented in proportion to the participation of Triunfo in each subsidiary. The
operational numbers correspond to 100% of the business.
The information includes the performance of the subsidiaries Rio Verde and Rio Canoas.
Since January 1, 2013, w the compulsory application of IFRS 10 and 11, the Company ceased to proportionally consolidate its
ith
subsidiaries controlled jointly (Concer, Maestra, Portonave and Aeroportos Brasil Viracopos) in the financial statements. Concer and
Maestra have since been consolidated 100% and the results of Portonave and Aeroportos Brasil Viracopos w recorded under the item
ere
“equity income”. This change did not affect the consolidated net income of the Company, but altered a fewitems in the balance sheet,
income statement and the cash flow statement, as w as financial indicators such as EBITDA and EBITDA Margin.
ell
2
3. 3Q13 and 9M13 Highlights
• Adjusted net revenue of R$264.6 million (+24.7%) in 3Q13 and R$761.3 million (+25.7%) in 9M13.
• Consolidated traffic volume increased 5.7% in 3Q13, reaching 21.3 million vehicle equivalents, and 4.8% in 9M13.
• Container Container handling at Portonave totaled 188,100 TEUs in 3Q13, an increase of 5.6%. Grow in 9M13 w 13.7%.
th
as
• Energy sold in 3Q13 and 9M13 totaled 165.2 GWm and 459.8 GWm, respectively. Rio Canoas w operational at the end of
ent
September, increasing the energy sold by 15.5 GWm.
• Cabotage volume totaled 15,200 TEUs in 3Q13 (+12.8%) and 36,500 TEUs in 9M13 (+23.3%).
• Viracopos Airport handled 2.3 million passengers and 59,800 tons of cargo in 3Q13.
• Adjusted EBITDA totaled R$119.4 million (+18.1%) in the quarter, with margin of 45.1%. In 9M13, adjusted EBITDA was R$371.7
million (+24.0%), with margin of 48.8%. LTM adjusted EBITDA stood at R$491.4 million.
• Net income of R$4.6 million and Dividend Calculation Base of R$18.2 million in 3Q13. In 9M13, the Dividend Calculation Base was
R$43.0 million.
3
4. Adjusted Net Revenue
Adjusted Net Revenue
- (R$ million)
Excluding construction revenue
25.7%
Breakdown Net Revenue 3Q13 - (%)
Excluding construction revenue
761.3
8%
12%
24.7%
Toll Roads
264.6
46%
605.6
12%
Port
Energy
Cabotage
212.2
Airport
22%
3Q12
3Q13
9M12
9M13
4
5. Adjusted EBITDA
Adjusted EBITDA (1)
EBITDA per Segment (1) 3Q13
(R$ million)
(R$ million)
24.0%
371.7
9.1
14.2
18.1%
119.4
32.3
299.8
-10.0
-10.8
84.6
119.4
101.1
3Q12
3Q13
9M12
9M13
Toll Road
Port
Energy
Airport
Cabotage
Holding EBITDA 3Q13
Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, adjusted for the Provision for Maintenance – IAS 37 (a non-cash item included in
Operating Costs), non-recurring expenses, minority interest and equity income. To calculate EBITDA margin, w used Adjusted Net Revenue (excluding construction
e
revenue, w
hich is an accounting effect w no cash impact) as the denominator.
ith
5
7. Toll Roads Segment – 3Q13 and 9M13
Net Revenue (1) and Adjusted EBITDA– (R$ million)
Corresponds to the Triunfo Stake in the business
Traffic of Equivalent Vehicles - (million)
Corresponds to 100% of the business
10.7%
4.8%
9.4%
365.4
333.9
63.2
5.7%
60.3
3.3%
267.5
241.6
21.3
10.1%
20.1
123.0
111.7
84.6
81.9
3Q12
3Q13
9M12
9M13
3Q12
3Q13
Adjusted Net Revenue
9M12
9M13
Adjusted EBITDA
(1) Excluding Construction Revenue.
7
9. Port Segment – 3Q13 and 9M13
Container Handling - TEUs (‘000)
Corresponds to 100% of the business
Net Revenue and Adjusted EBITDA - (R$ million)
Corresponds to the Triunfo Stake in the business
40.0%
18.3%
13.7%
172.9
521.6
41.6%
146.2
5.6%
458.6
5.8%
86.5
188.1
178.1
22.9
3Q12
3Q13
9M12
9M13
61.8
57.4
54.2
3Q12
32.4
3Q13
Net Revenue
9M12
9M13
Adjusted EBITDA
9
20. Capex
Parent Company
and Other 10.1%
Concer
12.7%
Concepa
1.5%
Econorte
5.7%
Portonav
e
4.8%
Capex
3Q13:
R$290 million
Viracopos
36.7%
Portonaus
0.8%
Rio Canoas
27.6%
Cabotage
0.1%
Rio Verde
0.0%
Viracopos Construction, October, 2013
Parent
Companyand
Other
5.2%
Concer
8.3%
Concepa
3.4%
Econorte
4.5%
Portonav
e
4.2%
Capex
9M13:
R$762
million
Viracopos
29.9%
Portonaus
1.0%
Rio Canoas
43.3%
Cabotage
0.1%
Rio Verde
0.0%
Viracopos Construction, October, 2013
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21. IR Team
Sandro Lima – Investor Relations Officer and CFO
Marcos Pereira
Luana Mota
Melina Rodrigues
Contact: ri@ triunfo.com
+55 11 2169 3999
Rua Olimpíadas, 205 - Conjunto 142/143
Vila Olímpia - São Paulo - CEP 04551-000
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