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Presentation of Results
2nd Quarter of 2010
August 5, 2010
2
Presentation of Results
2nd Quarter of 2010
Agenda
• Recent Events
• Acknowledgements
• New Operations
• Financial Results
3
Recent Events
• The Board of Directors Meeting held on August 4, 2010 approved the payment of
interim dividends amounting to R$7.0 million and interest on equity amounting to
R$8.0 million.
• The amount will be paid on August 18, 2010, considering the shareholder base
on October 4, 2010.
Payment of Dividends
4
Acknowledgements
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• GM Supplier Merit Awards - Best Logistics Provider;
• Nemak Excellence Awards (award at world-level).
• Featured in Agência Estado 2010 Companies;
• Nomination for the 2010 IR Awards – Best IR Executive, Mid and Small Caps
category.
Capital Market
Operations
New Operations
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• Inbound (Milk Run e Cross Docking);
• Transferring of engines and powertrain for Fiat and Iveco
plants.
• Warehousing, inventory management, reverse logistics and
freight management.
• Nationwide operations.
Luxottica
Fiat Powertrain
Financial ResultsConsolidated Net Revenues– R$ million
265.3
286.9
2Q09 2Q10
495.4
533.9
6M09 6M10
8.1%
7.8%
Growth driven by vehicle sales, increase on average km per vehicle
transported and on Logistic Services Revenue.
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Financial ResultsConsolidated EBITDA –R$ million
72.5
85.3
6M09 6M10
EBITDA Margin
Productivity gain driven by
the increase in volume and higher operational efficiency.
17.7%
25.2%
8
37.7
47.2
2Q09 2Q10
14.2%
16.5% 14.6%
16.0%
221.5
35.3
247.2
38.5
Net Revenue EBITDA
2Q09 2Q10
11.6%
9.1%
402.3
62.4
454.8
Net Revenue EBITDA
6M09 6M10
13.0%12.0%
9
69.9
Financial HighlightsAutomotive Logistics – R$ million
Net Revenue of R$247.2 million (+11.6% vs 2Q09).
Increase of 6.2% in the number of vehicles transported;
• Increase of 2.0% in average km per vehicle transported;
•Growth of 16.6% in gross revenue from auto parts transportation.
EBITDA of R$69.9 ( +12.0% vs 6M09), for margin of
15.4% ( -0.1 p.p.).
Net Revenue of R$454.8 million (+13.0% vs 6M09).
• Increase of 14.1 in the number of vehicles transported;
•Growth of 13.9% in gross revenue from auto parts transportation.
EBITDA of R$38.5 million (+9.1% vs 2Q09), for margin of
15.6% ( -0.3 p.p vs 2Q09)
2Q10
6M10
43.7
2.4
39.7
8.7
Net Revenue EBITDA
2Q09 2Q10
93.1
10.0
79.1
15.4
Net Revenue EBITDA
6M09 6M10
261.4%
53.3%
10
-15.0%
-9.2%
Financial HighlightsIntegrated Logistics – R$ million
Net Revenue of R$79.1 million ( -15.0% vs 6M09).
EBITDA of R$ 15.4 million (+53.3% vs 6M09), for
margin of 19.4% as a percentage of net revenue ( +
8.6 p.p.).
Net Revenue of R$39.7 million in ( -9.2% vs 2Q09).
• Decline of 35.1% in gross revenue from transportation.
• Decline of 27.4% in gross revenue from services
2Q10
EBITDA of R$8.7 million ( + R$ 6.3 million vs 2Q09),
For margin of 22.0% ( +16.5 p.p vs 2Q09).
6M10
15.8
27.2
2Q09 2Q10
34.7
49.9
6M09 6M10
Higher net income fueled by operating results.
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43.6%
72.2%
Financial resultsConsolidated Net Income – R$ million
Financial ResultsCash Balance and Debt
Net Debt
50.556.7
40.3
-2.7
18.8
3Q092Q09 4Q09 1Q10 2Q10
0.37x 0.41x 0.25x
x EBITDA 12 months
Debt Profile
44%
56%
CP LP
Includes balance payable for the CTV acquisition.
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- 0.11x
IR Contact
Alexandre Brandão
+55 (11) 4346-2532
Hugo Zierth
+55 (11) 4346-2532
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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.
