3Q12 Results Presentation
- 1. November 6, 2012 Presentation of Results 3º Quarter of 2012
- 2. Agenda • Recent Highlights • Financial Results • Q&A 2
- 3. Recent Events Tegma starts new operations for Toyota and Hyundai 3 • Tegma began in September carrying two new car models, the Toyota Etios and the Hyundai HB20, to about 100 dealerships in the country; • Both operations make collections in the factories of Sorocaba (Toyota) and Piracicaba (Hyundai);
- 4. 55.3 57.8 3Q11 3Q12 145.0 146.9 9M11 9M12 Consolidated Results Net Revenue and EBITDA - R$ million 397.6 496.6 3Q11 3Q12 24.9% 4 GROWTH DRIVEN BY CONSUMPTION GOODS SEGMENTS AND BY THE UPWARD IN VEHICLES SALES. Adjusted EBITDA Margin Net Revenue EBITDA-A Adjusted EBITDA DECLINE IN MARGINS DUE TO THE REVENUE MIX AND THE INCREASE OF STRUCTURE IN ORDER TO SUPPORT THE GROWTH 1.071 1.303 9M11 9M12 21.7% 13.9% 11.8% 13.5% 11.3% 5.7% 1.3%
- 5. 46.3 55.7 3Q11 3Q12 122.6 129.1 9M11 9M12 836.5 952.3 9M11 9M12 302.1 365.1 3Q11 3Q12 Segments Highlights Automotive Logistics – R$ million Net Revenue of R$ 365.1 million (+20.8 vs 3Q11). Growth of 10.6% year on year in the number of vehicles transported in domestic market; Increase of 22.8% in gross revenue of vehicle logistics; 20.8% 20.4% 5 EBITDA of R$ 55.7 million (20.4% vs 3Q11), with margin of 15.3% (stable vs 3Q11). GROWTH SUPPORTED BY THE RECOVERY IN VEHICLES SALES 13.8% 5.4% Net Revenue of R$ 952.3 million (+13.8% vs 9M11). Growth of 7.7% year on year in the number of vehicles transported in the nine months of 2012; Increase of 15.2% in gross revenue of vehicle logistics; EBITDA of R$ 129.2 million (5.4% vs 3Q11), with margin of 13.6% (-1.1p.p vs 3Q11). 3Q12 9M12 Net Revenue Adjusted EBITDA
- 6. 9.0 2.7 3Q11 3Q12 22.5 17.8 9M11 9M12 234.6 351.1 9M11 9M12 95.5 131.5 3Q11 3Q12 Segments Highlights Integrated Logistics – R$ million 37.7% -70.0% 6 STRONG GROWTH IN CONSUMPTION GOODS 49.7% -20.7% 3Q12 9M12 Net Revenue of R$ 131.5 million (37.7% vs 3Q11). • Increase of 177.2% in the logistics for the E-commerce segment; • Growth of 32.2% in the telecommunications gross revenue; EBITDA of R$ 2.7 million (-70% vs 3Q11), with margin of 1.6% (-7.4 p.p vs 3Q11). Net Revenue of R$ 351.1 million (49.7% vs 9M11). • Increase of 178.7% in the logistics for the E- commerce segment. • Growth of 39.0% in the telecommunications gross revenue; EBITDA of R$ 17.8 million (-20.7% vs 9M11), with margin of 5.1% (-4.5 p.p vs 9M11). Net Revenue Adjusted EBITDA
- 7. 71.5 72.4 9M11 9M12 28.9 31.6 3Q11 3Q12 Consolidated Results Net Income - R$ million NET INCOME IMPACTED BY FINANCIAL AND OPERATIONAL ITEMS. 7 28.9 30.2 3Q11 3Q12 4.8% 2Q12 69.2 63.5 9M11 9M12 -8.2% 9M12 9.4% -0.2% Non Recurring Non Recurring
- 8. 156 192 202 226 213 0.8 X 0.9 X 1.0 X 1.1 X 1.0 X -10,000.00 -8,000.00 -6,000.00 -4,000.00 -2,000.00 0.00 0 50 100 150 200 250 3T11 4T11 1T12 2T12 3T12 Consolidated Results Cash and Equivalents – R$ million Net Debt/EBITDA /EBITDA 12 months Debt Profile 58% 42% CP LP 8
- 9. IR Contacts 9 Alexandre Brandão +55 (11) 4346-2532 [email protected] Ian Nunes +55 (11) 4397-9423 [email protected]
- 10. The forward-looking statements contained in this report are subject to risks and uncertainties. Such forward-looking statements are based on the management’s beliefs and assumptions and information currently available to the Company. Such statements include information about our current plans, beliefs or expectations, as well as those of the Board of Directors and Board of Executive Officers. These reservations concerning forward-looking statements also apply to information on our possible or presumed operating results, as well as declarations preceded by, including or followed by such words as "believe," "may," "will," "continue," "expect," "foresee," "intend," "plan," "estimate" and other similar expressions. Forward-looking statements are not guarantees of performance; Since they refer to the future, they depend on circumstances that may or may not occur and are therefore subject to risks, uncertainties and assumptions. Future results may differ materially from those expressed or suggested by said forward-looking statements. These results and amounts depend on many factors beyond TEGMA’s control or expectations. 10 Disclaimer