Jsl S.a. · BMFBOVESPA:JSLG3
Jsl — Q4 2011 Earnings Presentation
11 slides from Jsl's earnings presentation, Mar 22, 2012
Slide 1: The broadest portfolio of logistics services in Brazil – 4Q11 Results
The broadest portfolio of logistics services in Brazil 4Q11 Results March 22, 2012
Slide 2: Period Highlights – Reported Data
Period Highlights – Reported Data Adjusted for non-recurring expenses Total gross revenue of R$782.0 million in 4Q11 (+24%) and R$2.678 billion (+19%) in 2011, and gross revenue from Services grew by 21% Recurring EBITDA of R$140.2 million (+55%) in 4Q11, with a margin of 19.8%, and R$444.4 million
Slide 3: Operating Highlights – Reported Data
Operating Highlights – Reported Data (R$ million) Net revenue of R$2.408 billion in 2011 (+19%) and R$707.1 million in 4Q11 (+25%) 3.081 (Services + Sale of Assets) 2.678 JSL + Schio 2011 Proforma = R$2.740 billion Total Gross Revenue 2.260 +21% 2.656 2.267 Services 782 1.878 633 +18% Growth of 13
Slide 4: Breakdown of Gross Revenue from Services
Breakdown of Gross Revenue from Services By Business Line JSL + Schio 77% of Dedicated JSL Services + Management Focus on Logistics Services with Proforma¹ and Outsourcing higher value added 14.2% 10.8% 1.8% 56.1% Dedicated Services 53.4% Management and Outsourcing 20.7% +4.9 p.p. 25.6% 21.4% Passen
Slide 5: Additional Contribution of New Contracts to Existing Revenue
Additional Contribution of New Contracts to Existing Revenue Profile of New Contracts1 Gross Revenue from Services Additional Annual Contribution from New Contracts in 2010 and Negotiated in 2011 R$1.768 billion Global 2011 (Base 2011R – R$ million) By Client Type Does not include annual adjustments
Slide 6: Strategic acquisitions aimed at further strengthening JSL's competitive advantages
Strategic acquisitions aimed at further strengthening JSL’s competitive advantages Schio SIMPAR Concessionárias Entry into the food and controlled temperature Immediate expansion of products sector as a leader asset sales channels Participation Company Automaker # of stores in the JSL’s Debut Fleet
Slide 7: Financial Results - JSL
Financial Results - JSL (R$ million) Recurring Non-recurring spending of R$11.5 million from JSL JSL JSL + Schio acquisitions and special projects in 4Q11 and R$13.0 794 729 million in 2011 726 293 Improvement in 2011 recurring Sale EBITDA from Services of Assets 553 284 284 (+5.7 p.p.): EBITDA-A 22
Slide 8: Net Debt Breakdown and Leveraging Parameters
Debt (R$ million) Debt Schedule 2,367.9 443.3 Net Debt Breakdown 300,0 - Schio Acquisition Short Term Long Term 1,924.6 592.8 463,3 443,3 435,6 446,8 Corporate 7,9 39,6 Loans 373,8 199,6 1,363.5 71% TJLP/PRE 190,1 244,8 1,475.1 231,0 7,4 426,1 407,2 Operating Loans 77% 172,6 129,4 (Acquisition Asset
Slide 9: Investments
Investments (R$ million) 2011 Capex Capex Guidance for 2012 Estimated CAPEX for 2012 (R$ million) 861 861 Renewal 1,070 1070.0 CAPEX 420 577 577 Revenue with resale Expansion linked with contracts to Expansion conquist Capex of assets 360 Capex 460.0 710.0 Net renewal capex 60 Expansion linked Expan
Slide 10: Free Cash Flow before Growth and Interest / ROIC
Free Cash Flow before Growth and Interest/ ROIC (R$ million) Free Cash Flow before Growth 2012 Simulation: current contracts and new contracts 2008 2009 2010 2011 2012E4 entered into by December 31, 2011, including Schio and Interest Only inertial growth, without contributions Recurring EBITDA1 220
Slide 11: Thank you!
Thank you! A few statements in this presentation are based on assumptions and the current outlook of the Company’s management and are subject to material variations in results, performance and future events. Actual results, performance and events may differ significantly from those expressed or impl