3Q13 Results Presentation
13
November 13 rd 2013 Presentation of Results 3 rd quarter of 2013
-
Upload
tegmari -
Category
Investor Relations
-
view
92 -
download
0
Transcript of 3Q13 Results Presentation
November 13rd 2013
Presentation of Results
3rd quarter of 2013
Agenda
• Recent Events
• Extraordinary Effects
• Analyses on Results
• Q & A
2
3
Recent Events
• On November 11, 2013 it was announced the succession plan of the Company's
management;
• Tegma completed the acquisition of the remaining 20% of the capital of the Direct
Express Integrated Logistics SA ("Direct"), making it directly and indirectly holds
100% of the capital. The Company paid the anticipation and the exercise of the
options, the total amount of R $ 2.4 million;
4
Extraordinary Effects
• It was recorded a reversal of the accrued amount as variable price for the acquisition of 80% of
the initial Subsidiary Direct by Tegma, totaling R $ 16.4 million. In 3Q12, had been expunged R $ 7.0
million for the same item;
• Loss from discontinued operations labor claims in the amount of R $ 17.5 million, which reflects a
calculation of Labor claims the Company, and that, of this amount, U.S. $ 4.5 million relates to the
payment agreements in the quarter with effect on cash and U.S. $ 13.0 million to the increase in
accruals performed because of the volume of complaints still exist;
• Set the mark to market swap USD debt, whose setting in 3T13 was R $ 9.7 million negative,
offsetting the revenue of the same value in 2Q13;
1,180.4
1,307.1
9M12 9M13
Consolidated Results Consolidated Net Revenue – million of R$
451.8 467.2
3Q12 3Q13
3.4%
5
10.7%
Net Revenue 3Q13 EBITDA-A Net revenue 9M13
PERFORMANCE OF QUARTER MARKED BY GROWTH OF LOWER DIVISION OF AUTOMOTIVE
AND THE FALL OF REVENUE DIVISION OF INTEGRATED LOGISTICS
51.3 49.3
3Q12 3T13
138.6
111.1
9M12 9M13
Consolidated Results EBITDA – million of R$
56.3 47.8
3Q12 3Q13
-15.1%
Margem EBITDA
EBITDA EBITDA-A EBITDA without non-recurring
STABILITY AND EBITDA MARGIN IN REFLECTING 3T13 MAJOR EXPENSES
ADMINISTRATIVE AND DURING FALL IN 9M13 BY REASON OF PERFORMANCE
NEGATIVE DIVISION OF INTEGRATED LOGISTICS
136.2
102.4
9M12 9M13
-24.8%
11.4% 10.5%
11.7%
8.5%
-3.9%
-19.8%
6
12.5% 10.2%
11.5%
7.8%
Margem EBITDA
61.9
76.6
3Q12 3Q13
320.2
373.7
3T12 3T13
Divisions Highlights Automotive Logistics – million of R$
16.7%
23.7%
3Q
13
Net Revenue
7
55.6 60.1
3Q12 3Q13
8.1%
EBITDA
19.3% 20.5%
EBITDA
without non-recurring
17.4%
16.1%
127.1
170.0
9M12 9M13
829.3
1,026.3
9M12 9M13
23.8%
33.8%
9M
13
Net Revenue
127.8 154.5
9M12 9M13
20.8%
EBITDA
15.3% 16.6%
EBITDA
without non-recurring
15.4% 15.0%
EBITDA Margin
EBITDA Margin
-5,6
-28.8
3Q12 3Q13
131.6
93.6
3Q12 3Q13
Divisions Highlights Integrated Logistics – million of R$
-28.9%
-411.1% 3Q
13
Net Revenue
8
EBITDA
-4.3%
-30.8%
EBITDA without non-recurring
351.1
280.5
9M12 9M13
-20.1%
9M
13
Net Revenue
-4.3
-10.9
3Q12 3Q13
-3.3%
-11.6%
-150.1%
9.0
-67.6
9M12 9M13
EBITDA
-24.1%
EBITDA
without non-recurring
10.8
-43.4
9M12 9M13
3.1%
-15.5% -502.2%
EBITDA Margin
EBITDA Margin
24.5 26.1
3Q12 3Q13
67.8
39.0
9M12 9M13
Consolidated Results Net Income – million of R$
30.3
18.3
3Q12 3Q13
-39.4%
Net Margin
Net Income EBITDA-A Net Income without non-recurring
INCREASE IN NET INCOME 3T13 DUE TO LOWER IR RATES IN THE PERIOD AND FALL IN 9M13
BY REASON OF NEGATIVE PERFORMANCE DIVISION OF INTEGRATED LOGISTICS
63.5
34.6
9M12 9M13
-45.6%
5.4% 5.6%
5.7%
3.0%
6.2%
-42.5%
9
6.7% 3.9%
5.6%
3.3%
Net Margin
213 227 233
279 276
1,0 X 1,3 X 1,5 X 1,8 X 1,8 X
-10.000,0
-8.000,0
-6.000,0
-4.000,0
-2.000,0
0,0
0
50
100
150
200
250
300
350
3Q12 4Q12 1Q13 2Q13 3Q13
Balance Sheet Facts Cash and Debts – million R$
Net Debt / EBITDA
/12 months EBITDA*
Debt Profile
30%
70%
ST LT
10
* Indicator reflecting adjustments of events
extraordinary / non operational in the 2012 year.
44
37
62
53
44
36
4.1% 3.2% 4.1% 3.2% 3.7% 2.8%
-1000000,0%
-800000,0%
-600000,0%
-400000,0%
-200000,0%
0,0%
0
10
20
30
40
50
60
70
80
2009 2010 2011 2012 9M12 9M13
Balance Sheet Facts CAPEX – million of R$
CAPEX (R$ Million)
/Net Revenue
11
Contatos de RI
Fabio Carvalho – CFO DRI
+55 (11) 4346-2532
Ian Nunes - RI
+55 (11) 4397-9423
12
12 de Novembro de 2013
Apresentação de Resultados
3º Trimestre de 2013
