Tegma Gestao Logistica S.A. · BMFBOVESPA:TGMA3
Tegma Gestao Logistica — Q4 2018 Earnings Presentation
8 slides from Tegma Gestao Logistica's earnings presentation, Mar 20, 2019
Slide 1: Results presentation 2018 Q4
Results presentation 2018 Q4 March 20th, 2019
Slide 2: Agenda
Agenda Quarter´s Highlights Gennaro Oddone Market performance and operational indicators Gennaro Oddone Results Gennaro Oddone Return, cash flow and indebtedness Ramón Pérez Capital Market and expectations Gennaro Oddone Ramón Pérez 2
Slide 3: Quarter's Highlights
Quarter´s Highlights Results for 2018 reached record levels (R$ 200 million in EBITDA and R$ 108 million in Earnings) despite revenues still 21% lower than 2013 New operation in Itirapina-SP for the Honda factory Proposal for additional dividends and interest on capital for 4Q18 / 2018 3
Slide 4: Market performance and Tegma indicators
Market performance and Tegma indicators (in thousand, except average distance) Vehicle sales Imports and production Vehicles Tegma and distance Domestic Imports Average km Exports Production Vehicles transported +18% 76 90 -4% Mg 5% 98 211 204 187 27.4% mkt 25.8% mkt share share 684 5 +15% 692 652 6
Slide 5: Tegma results
Tegma results (in R$ million |pro-forma disregarding Cariacica-ES operation and spontaneous denunciation ) Net Revenue per operation Adj EBITDA per operation Mg EBIT adjusted Net Profit Integrated Log. Integrated Log. Integrated Log. Consolidated N Recurri Vehicle Log. Vehicle Log. Vehicle Log. 358
Slide 6: Return, cash flow and indebtedness
Return, cash flow e indebtness (in R$ million) ROE and ROIC Free Cash Flow Indebtness Operational “cash” CAPEX Cash Gross debt 33% Cash Free Cash Net debt 28% 17 Flow 159 159 X adjusted EBITDA 33% 13 61 75 24% 0.4x 11 0.3x 1 98 ROIC 91 ROE -5 -11 3Q18 4Q18 3Q18 4Q18 4Q17 4Q18 Operational cash was Ou
Slide 7: Capital markets and expectation
Capital markets and expectation TGMA3 Multiples TGMA3 TGMA3 analysis TGMA3 (R$) ADTV 17 Rating Moody´s 45,00 12M (in R$ mi) 12,00 Global B1 40,00 15 PE 19 15 28.2 29.0 35,00 Persp.: Stable 10,00 30,00 13 PE 20 14 13 13 13 National Baa2.br 8,00 11 25,00 Sell side Coverage: 6,00 20,00 9 EV 19 7.6 8 15
Slide 8: Q&A section
Q&A section Gennaro Oddone – CEO and IRO Ramón Pérez - CFO
Tegma Gestão Logística — Q4 2018 Earnings Presentation on 6ix