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History
Beginning in 1997, ALL has been on the move in order to offer the most complete and best Financial Highlights
logistics solutions in Latin America, developing new alternatives that meet its clients’ needs;
• March 1997: ALL obtains the right to exclusively explore the Brazilian Southern Rail (R$ million) 1Q10 1Q09 %Change
Network infrastructure
• December 1998: It starts operating the southern portion of the São Paulo State Rail ALL Brazil Operations
Network Gross Sales 680.7 588.8 15.6%
• August 1999: It starts exploring two large rail networks in the central and northeast
regions of Argentina Net Sales 594.7 517.9 14.8%
• July 2001: Lease of operational assets of Delara, one of the largest Brazilian logistics EBITDA 295.6 251.1 17.7%
company
EBITDA Margin* 49.7% 48.5% 1.2%
• July 2004: Initial public offering at BOVESPA
• May 2006: Brasil Ferrovias and Novoeste Brasil acquisition Net Income 26.1 (11.7) na
ALL Consolidated**
Corporate Governance Gross Sales 713.0 626.3 13.8%
• Preferred shares with restricted voting rights
Net Sales 626.1 554.4 12.9%
• 100% Tag-Along rights
• 60% Free float EBITDA 296.5 249.1 19.0%
• Public offers of shares through mechanisms that favor broad distribution
EBITDA Margin* 47.4% 44.9% 2.4%
• Introduction of improvements in financial statements
Net Income*** 17.5 (22.6) na
Strengthens EPS (R$/ Share) 0.03 na na
• Dominant rail network in strategic locations
Consolidated Balance Sheet Indicators
• Cost-effective and reliable full-service logistics operations built around our
rail network Total Assets 12,322.8 11,471.3 7.4%
• Significant growth opportunities Shareholders Equity 3,849.6 2,519.3 52.8%
• Strong client base
• Results-oriented culture and seasoned management team EBITDA (Trailling 12 months EBITDA) 1,148.3 1,247.5 -8.0%
Net Debt 2,266.8 2,571.5 -11.9%
Business Strategy Net Debt / (Trailling 12 months EBITDA) 2.0 2.1 -4.3%
• Concentrate growth where the Company has a distinct competitive advantage
• Maintain strict cost controls Net Debt/ Equity 0.6 1.0 -42.3%
• Comply with commitments made with clients
* For EBITDA margin change means percentage points gained/lost
• Maximize asset utilization and return on invested capital.
** Excludes results of Santa Fé Vagões
• Evaluate strategic investment, alliance and acquisition
*** Includes net income from Santa Fé Vagões
1Q10 Operating and Financial Highlights Earnings per share calculation based on number of existing shares as of March 31th, 2010
Values may not add up due to rounding
• ALL Brazil’s EBITDA increased 17.7% in 1Q10 to R$295.6 million, mainly
driven by higher volumes, yields and margins. In consolidated basis, EBITDA
grew 19.0% to R$296.5 million and EBITDA margin rose from 44.9% in
1Q09 to 47.4%.
NET REVENUE EBITDA (R$ millions)
• ALL Brazil’s volume grew 6.3% in 1Q10 to 8,250 million RTK. (R$ millions)
296.5
• Average yield increased 8.8% in Brazil. The yield recovery, as compared to the
626.1 249.1
pressured prices registered in 2009. 554.4
1Q09
1Q10
We are always on the move
Rail Platform
www.all-logistica.com/ir
IR
Rodrigo Campos
Investor Relations Officer
Gustavo Reichmann
Investor Relations Manager