3Q09 Earnings Results Presentation 11/11/2009 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.
Accounting Changes In compliance with CVM Official Letter CVM/SNC/SEP 2/2009, the information for the quarter ended September 30, 2008 (3Q08), 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 3Q09. The quarterly information is presented in thousands of Reais, except when otherwise stated. 4
I - Highlights Digite aqui o Título da Palestra Digite aqui o Nome do Palestrante e a Data
I - Highlights Total traffic volume on our toll road concessions in 3Q09 fell by 0.6% year-on-year, to 15.615 million equivalent vehicles. Handled container volume increased by 27.0% over 3Q08 to 111,909 TEUs. Consolidated Gross Operating Revenue climbed by 24.2% year-on-year, to R$105.915 million. Adjusted EBITDA totaled R$56.878 million in 3Q09, 22.1% up on 3Q08. Net income came to R$9.641 million, versus a net loss of R$33.455 million in 3Q08.
I - Highlights On July 14, Rio Verde’s unit 1 turbine rotor was lowered into place one day ahead of schedule. On July 23, Iceport was included in the Cold Store category of establishments authorized to export to EU member countries. On July 29, Iceport was granted a license to stock meat and byproducts, subject to pre-established cargo storage conditions, for export to Russia. On August 26, Concer’s annual tariff adjustment of 4.5% was authorized. On September 29, Rio Verde sold all the energy produced by the 116 MW Salto hydro Plant between the start-up of commercial operations and the beginning of the long-term Power Purchase Agreement with Votener to CEMIG Geração e Transmissão S.A. for R$6.230 million. 7
I – Subsequent Events On October 2, Triunfo entered into an agreement with Companhia de Navegação Norsul to acquire 100% of NTL, a company whose sole asset is a container ship. On October 9, the Company began a capital increase within the limits of authorized capital established in the Bylaws. On October 16, Triunfo and its subsidiary Portonave announced that the Itajaí Port authority had updated the port’s operational parameters, reestablishing the conditions in effect before the silting up of the Itajaí-Açú River in November 2008. On October 26, Concepa’s 7.3% tariff adjustment was authorized.
II – 3Q09 Results Digite aqui o Título da Palestra Digite aqui o Nome do Palestrante e a Data
Traffic – Equivalent Vehicles (‘000) II – 3Q09 Results Traffic – Equivalent Vehicles (‘000) -0.6%
Traffic – Equivalent vehicles in the concessionaries (‘000) II – 3Q09 Results Traffic – Equivalent vehicles in the concessionaries (‘000) 1.1% -0.8% -3.4% ECONORTE CONCER CONCEPA
Container Handling - TEUs (‘000) II – 3Q09 Results Container Handling - TEUs (‘000) 27.0% 12
Gross Revenue from Operations (R$ ‘000) II – 3Q09 Results Gross Revenue from Operations (R$ ‘000) 35.4%
II – 3Q09 Results Operating Costs (R$ ‘000) Net – Depreciation / Amortization 33.6%
Operating Expenses (R$ ‘000) II – 3Q09 Results Operating Expenses (R$ ‘000) Net – Depreciation / Amortization 38.7% 15
II – 3Q09 Results Adjusted EBITDA (R$ ‘000) 22.1%
II – 3Q09 Results EBITDA Margin (%) -1.2 p.p
Net Financial Results (R$ ‘000) II – 3Q09 Results Net Financial Results (R$ ‘000) -89.1%
II – 3Q09 Results Net Loss / Profit (R$ ‘000)
Net Debt (R$ ‘000) & Net Debt / EBITDA III – Debt Net Debt (R$ ‘000) & Net Debt / EBITDA 6.6%
IV – Capex Balance of Investments in Fixed Assets
IV – Capex Investment in Fixed Assets
Rua Olimpíadas 205 14º andar cj. 1402 CEP 04551-000 São Paulo SP BR www.triunfo.com Rua Olimpíadas 205 14º andar cj. 1402 CEP 04551-000 São Paulo SP BR Fone 55 11 2169 3999 Fax 55 11 2169 3939