3q10 earnings release
TRANSCRIPT
November 5, 2010
Presentation of Results
3rd Quarter of 2010
Presentation of Results
3rd Quarter of 2010
2
Calendar
• Recent Events
• Financial Results
• Awards
3
Recent Events
• The Board of Directors Meeting held on November 4, 2010, approved distribution
of benefits amounting to R$16.5 million, R$9.0 million in dividends and R$7.5
million in interest on equity.
• The amount will be paid on November 26, 2010, considering the shareholder
base on November 4, 2010.
Dividend Payment
4
Recent Events
• Opening the second warehouse in Rio de Janeiro, with a capacity of 16,000 m2
• Focus on products with high added value.
• Investment of R$3.0 million.
Opened warehouse in Rio de Janeiro
5
282.5
306.6
3Q09 3Q10
777.9
840.5
9M09 9M10
8.5%
8.0%
Growth driven by sales of vehicles and parts, as well as
increase in logistics services revenue.
6
Financial ResultsConsolidated Net Revenues– R$ million
116.7
134.9
9M09 9M10
EBITDA Margin
Productivity gain driven by
the increase in volume and higher operational efficiency.
15.6%
12.0%
7
44.3
49.6
3Q09 3Q10
15.7%
16.2% 15.0%
16.1%
Financial ResultsConsolidated EBITDA –R$ million
236.1
39.5
263.1
42.7
Net Revenue EBITDA
3Q09 3Q10
Net Revenue of R$263.1 million (+11.5% vs 3Q09).
Increase of 12.2% in the number of vehicles transported;
• Growth of 26.4% in gross revenue for transportation of parts;
• Growth of 41.6% in gross revenues with logistics services.
EBITDA of R$112.7 (+10.5% vs 9M09), for margin of 15.7%
(-0.2 p.p.).
Net Revenue of R$717.9 million (+12.3% vs 9M09).
• Increase of 13.5% in the number of vehicles transported;
• Growth of 18.2% in Gross Revenue for transportation of parts.
EBITDA of R$42.7 million (+8.2% vs 3Q09), for margin of 16.2%
(-0.5 p.p vs 3Q09)
11.5%
8.2%
639.1
101.9
717.9
Net Revenue EBITDA
9M09 9M10
12.3%
10.5%
3Q10
9M10
8
112.7
Financial ResultsAutomotive Logistics – R$ million
Net Revenue of R$122.5 million (-11.7% vs 9M09).
EBITDA of R$22.2 million (+49.9% vs 9M09), for
margin of 18.2% (+7.5 p.p.).
Net Revenue of R$43.4 million (-6.4% vs 3Q09).
• Decline of 31.0% in gross revenue for transportation.
• Increase of 48.0% in gross revenues from services.
46.4
4.8
43.4
6.9
Net Revenue EBITDA
3Q09 3Q09
138.8
14.8
122.5
22.2
Net Revenue EBITDA
9M09 9M10
42.9%
49.9%
3Q10
EBITDA of R$6.9 million (+42.9% vs 3Q09), for
margin of 15.8% (+5,4 p.p vs 3Q09).
9M10
9
-11.7%
-6.4%
Financial ResultsIntegrated Logistics – R$ million
20.3
31.4
3Q09 3Q10
55.0
81.2
9M09 9M10
Higher net income fueled by operating results.
10
47.6%
54.5%
Financial ResultsConsolidated Net Income – R$ million
Net Debt
56.7
40.3
-2.7
18.8
13.7
4Q093Q09 1Q09 2Q10 3Q10
0.41x 0.25x
x EBITDA 12 months
Debt Profile
34%
66%
ST LT
11
- 0.11x 0.08x
Financial ResultsCash Balance and Debt
Awards
12
• Awarded to suppliers that demonstrate excellence and high performance in
providing services to the Company.
FORD SUPPLIER RECOGNITION
Alexandre Brandão
+55 (11) 4346-2532
Hugo Zierth
+55 (11) 4346-2532
13
IR Contact
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.