Rumo Sa · BMFBOVESPA:RAIL3
Rumo Sa — Rumo ALL — Q2 2015 Earnings Presentation
18 slides from Rumo Sa's earnings presentation, 2015
Slide 1: RUMO ALL 2Q15 Earnings
RUMO ALL 2Q15 Earnings
Slide 2: Disclaimer
Disclaimer This presentation includes estimates and forward-looking statements regarding our strategy and future growth opportunities. This information is based mainly on our current expectations and estimates or projections of future events and trends that affect or could affect our business and op
Slide 3: Rumo ALL | Business Units
Rumo ALL | Business Units Rumo ALL North South Container Operations Operations Operations • North Network • West Network • Brado Logística • Paulista Network • South Network • Other results from the • Port of Santos Terminals container operation
Slide 4: Consolidated Results | Operations
Consolidated Results | Operations Growth of 6% in total transported volume, while volume of lifting decreased 12.3% from 2Q14 Transported Volume and Yield Volume of Loading Transportation (MM TKU and R$/TKU x 1000) (MM tons) The increase of 9.6% in the volume transported of agricultural products 91,
Slide 5: Consolidated Results | Financial
Consolidated Results | Financial Net revenue in 2Q15 grew 6% and EBITDA reached R$587 million, due to the implementation of operational improvements. Net Revenue EBITDA and EBITDA Margin (R$ MM) (R$ MM) Net revenue growth due to higher 46,8% 48,1% volumes and average transportation yield +5,8% in ra
Slide 6: North Operations | Market Scenario
North Operations | Market Scenario Market Projected growth of 11.6% in the 2014/15 grain crop according to CONAB, due to productivity gains in corn second crop. Brazilian exports of grains through the Port of Santos increased by approximately 7% from 2Q14 (MDIC and Aliceweb). Road freight in the spo
Slide 7: North Operations | EBITDA expansion on higher volumes and yields
North Operations | EBITDA expansion on higher volumes and yields Transported Volume Net Revenue (MM TKU) (R$ MM) Increase in net revenue due to higher 6.968 +9,7% volumes transported of agricultural 6.354 +9,6% 686 products and growth of 2.2% in the 673 average transportation yield 6.283 817 5.681 7
Slide 8: South Operations | Market Scenario
South Operations | Market Scenario Market In 2Q15, Brazilian grain exports through the ports where we operate in South Operations remained in line with 2Q14 (MDIC and Aliceweb) Volume of Agricultural Products Soybean: resumption of operations at a bulk terminal in the Port of Paranaguá (Paraná), res
Slide 9: South Operations | EBITDA contraction on lower yields
South Operations | EBITDA contraction on lower yields Transported Volume Net Revenue (MM TKU) (R$ MM) Decrease in net revenue due to lower revenue from industrial volumes and lower 3.733 -0,6% 3.709 average transportation yield 1.086 -4,3% 1.286 335 320 2.447 2.624 2Q14 2Q15 2Q14 2Q15 Agricultural I
Slide 10: Container Operations | EBITDA impacted by higher costs
Container Operations | EBITDA impacted by higher costs Transported volume and Average yield EBITDA and EBITDA Margin (‘0000 containers and R$ per ‘000 containers) (R$ MM ) 3,9 4,0 6,9% +12,1% 19 21 5 2Q14 2Q15 2Q14 2Q15 -12 Volume Average Yield -14,4% Higher volume of containers transported Negative
Slide 11: Indebtness
Indebtness Total Indebtness 2Q15 1Q15 Chg. % Debt Maturity Profile (Amounts in R$ MM) Combined Commercial Banks 539.7 544.8 -0.9% NCE 832.1 434.1 91.7% BNDES 3,624.1 3,923.8 -7.6% Debentures 2,970.0 2,856.2 4.0% 43% Total Gross Bank Debt 7,965.8 7,759.0 2.7% 86% Cash and Cash Equivalents and Secutit
Slide 12: Financial Result and Cash Flow
Financial Result and Cash Flow FINANCIAL RESULT CASH FLOW (R$ MM) (R$ MM) Indirect Cash Flows 2Q15 (Amounts in R$ MM) EBITDA 586.9 Non-Cash Effects 40.0 319 +3,0% 329 Working Capital Variation (132.8) Operating Financial Result 9.3 (a) (=) Operating Cash Flows 503.4 213 154 Total Capex (471.6) (b) R
Slide 13: Opening Balance Sheet | Purchase Price Allocation
Opening Balance Sheet | Purchase Price Allocation Opening Balance for Rumo ALL on April 1, 2015, to record at fair value of: (i) the price paid in the acquisition of ALL (in R$ million) Common shares acquired of ALL (681.995.165) R$ 3.97 R$ 2,707.5 Contract settlement Rumo R$ 29.8 Paid price R$ 2,73
Slide 14: Operational Improvements | Rolling Stock
Operational Improvements | Rolling Stock Acquisition of new GE AC44 locomotives New renovation standard for and Maxion HPT and HPE freight cars locomotives and freight cars
Slide 15: Operational Improvements | North Operations
Operational Improvements | North Operations Port of Santos (SP) Record production in May of 2.6 billion RTK transported Fleet renewal: 24 GE AC44 locomotives already delivered from a total of 43 expected, and 355 HPT freight cars ordered, with delivery expected for the second half of 2015 New
Slide 16: Operational Improvements | South Operations
Operational Improvements | South Operations Port of Paranaguá (PR) 8% reduction in transit time to the access to the ports of Paranaguá and São Francisco do Sul Investments in the rail structure, which include renovation for the addition of lines and replacement of tracks and sleepers Resumpti
Slide 17: Guidance 2015 | Revised Projections
Guidance 2015 | Revised Projections 2015 2015 Updated EBITDA (R$ MM) 1.600 ≤ ∆ ≤ 2.000 1.750 ≤ ∆ ≤ 2.000 Total Capex (R$ MM) 1.600 ≤ ∆ ≤ 1.900 1.700 ≤ ∆ ≤ 1.900 Rumo ALL Capex Recurring (R$ MM) 800 ≤ ∆ ≤ 1.000 800 ≤ ∆ ≤ 900 Capex Expansion (R$ MM) 800 ≤ ∆ ≤ 900 900 ≤ ∆ ≤ 1.000 EBITDA: narrowing of t
Slide 18: Investor Relations Contacts
Jose Cezário Menezes de Barros Sobrinho Vice President of Finance and Investor Relations Guilherme Machado Investor Relations Manager Website | ri.rumoall.com E-mail | ir@rumoall.com Telephone | +55 (11) 3897-9823 / (41) 2141-7459