1q11 results presentation
TRANSCRIPT
Presentation of Results 1Q11
May, 2011
Agenda
1
• Recent Events
• Financial Results
Financial reports presented include Direct Express Logística Integrada S.A´s 2011
March results.
Recent Events
2
• Acquisition of interest in Direct
On March 9th, Tegma announced the acquisition of 80% of Direct
Express, a company specialized in distribution and one of the leading
logistics services provider for e-commerce operations.
• Establishment of Fiscal Council
At the Shareholders´ Meeting held on April 4th, Tegma established its
fiscal Council.
The setting up of the Fiscal Council brings greater transparency to the
Company´s relationship with its minority shareholders.
Recent Events
3
• Payment of Dividends
At the Shareholder Meeting held on April 4th, it was approved the
payment of dividends in the amount of R$30.0 million, corresponding to
approximately R$0.45 per share.
• Inclusion in three BM&FBovespa Indexes
In May , Tegma Gestão Logística was included in the Small Caps Index
(SMLL), as well as in the recently created Dividend Index (IDIV) and
Broad Brazil Index (IBRA).
These indexes place Tegma shares (TGMA3) among the most liquid
shares and among those which presented the greatest dividend yield in
the last twenty-four months.
Financial ResultsConsolidated Net Revenue – R$ million
247.0307.9
1Q10 1Q11
24.7%
Growth driven by vehicle sales, auto parts logistics and
services for the consumer goods industry.
4
Financial ResultsConsolidated EBITDA –R$ million
Adjusted EBITDA Margin
Strong growth in all segments, with stable margins.
5
35.0
43.6
1Q10 1Q11
14,2% 14,2%
24.9%
Financial Highlights Automotive Logistics – R$ million
207.6
31.2
253.5
38.5
Net Revenue EBITDA
1Q10 1Q11
Net Revenue of R$253.6 million in 1Q11
(+22.1% vs. 1Q10).
Increase of 10.2% in the number of
vehicles transported ;
5.2% up in average distance;
• Growth of 43.7% in gross revenue from auto parts logistics
Adjusted EBITDA of R$38.5 million in 1Q11
(+23.1% vs. 1Q10), for margin of 15.2%
23.1%
6
22.1%15.0%
15.2%
Adjusted EBITDA Margin
Financial HighlightsIntegrated Logistics – R$ million
Net Revenue of R$54.4 million in 1Q11
( 38.1% vs. 1Q10).
• Increase of R$23 million (170.1%) in gross
revenue from consumer goods segment;
• Decline of 7.9% in gross revenue from
industrial goods segment.
39.4
3.7
54.4
5.2
Net Revenue EBITDA
1Q10 1Q11
39.8%
EBITDA of R$5.2 million in 1Q11 (39.8%
vs. 1Q10), for margin of 9.6%
(+0.1 p.p. vs 1Q10).
7
9.5%9.6%
Adjusted EBITDA Margin
Financial ResultsConsolidated Net Income – R$ million
Considering the effects of deferred taxes and non-recurring
expenses in 2011 and asset sales in 2010, net income grew 11.2%.
-11.3%
8
+11.2%
1T10 1T111T10 1T11
Net IncomeNet Income excluding
non-recurring itens
20.1
22.6
22.9
20.6
Financial ResultsCash Balance
Net Debt
2Q101Q10 3Q10 4Q10 1Q11
- 0.11X 0.08X 0.07X
x EBITDA 12 months
Debt Profile
68%
32%
ST LT
Cash balance of R$ 48.2 million on March 31, 2010
9
0.34X
-2.7
18.813.7 13
65.3
IR Contact
Alexandre Brandão
+55 (11) 4346-2532
Hugo Zierth
+55 (11) 4397-9370
10
The forward-looking statements contained in this presentation are subject to risks anduncertainties. These are based on beliefs and assumptions of our Management and informationcurrently available to the Company. Such statements include information about our currentintentions, beliefs or expectations, as well as those of our Board of Directors and Board ofExecutive Officers.
The reservations concerning forward-looking statements also apply to information aboutpossible or presumed operating results, as well as declarations preceded by, including orfollowed by such words as "believe", "may", "will", "continue", "expect", "foresee", "intend","plan", "estimate“ and other similar expressions.
Forward-looking statements do not constitute a guarantee of performance. Since they refer tothe future, they depend on circumstances that may or may not occur and are therefore subjectto risks, uncertainties and assumptions. Future results and creation of shareholder value maydiffer substantially from those expressed or suggested by the forward-looking statements. Manyfactors that may influence these results are beyond TEGMA’s control or expectations.