Slide 1: First Quarter 2007 Earnings Release Presentation
First Quarter 2007 Earnings Release Presentation GUIDING THE INNOVATION SPIRIT IN 07 LATIN AMERICA
Slide 2: Very Positive Results in 1Q07
Very Positive Results in 1Q07 REVENUES (US$ millions) 100,0 6.3% 91.2 90,0 85.7 80,0 24.8 29.0 70,0 • Growth in Revenues, EBITDA, Net & Op. Income 60,0 50,0 40,0 51.0 56.6 30,0 20,0 • IT Services business growing at double digits 10,0 0,0 9.9 5.6 1Q-06 1Q-07 Applications IT Services Platforms • Posi
Slide 3: CHILE: Growth with solid margins
CHILE: Growth with solid margins (US$ millions) Platforms REVENUES EBITDA IT Services 70,0 6.5% 15,0 61.7 14.5 57.9 Applications 60,0 14,5 19.0% 50,0 24.0 OPERATING INCOME 14,0 18.3 13,5 40,0 9,5 9.3 13,0 30,0 16.5% 12.2 9,0 12,5 20,0 33.7 33.3 12,0 23.6% 10,0 8,5 11,5 21.1% 5.9 4.4 8.0 11,0 0,0 8,0
Slide 4: CHILE: Growth with solid margins
CHILE: Growth with solid margins (US$ millions) FINANCIAL SUMMARY 1Q06 1Q07 Var 06- 07 SALES 57.9 61.7 6.5% Platforms 18.3 24.0 30.9% IT Services 33.7 33.3 -1.0% Applications 5.9 4.4 -26.2% OPERATING INCOME 8.0 9.3 16.5% EBITDA 12.2 14.5 19.0% GROSS MARGIN (%) 23.0% 23.1% 0.4% SG&A EXPENSE / SALES (
Slide 5: BRAZIL: Higher efficiencies
BRAZIL: Higher efficiencies (US$ millions) Platforms REVENUES EBITDA IT Services 16,0 14.7 -7.5% 1,3 13.6 1.2 Applications 14,0 0.2 1,2 16.4% 12,0 0.6 OPERATING INCOME 1,2 10,0 0,7 1,1 8,0 12.0 31.4% 0.6 12.6 0,6 1,1 1.0 6,0 0,5 0.5 1,0 4,0 8.7% 0,4 1,0 6.9% 2,0 2.4 0.4 0,0 0,3 0,9 1Q-06 1Q-07 0,2 1
Slide 6: BRAZIL: Higher efficiencies
BRAZIL: Higher efficiencies (US$ millions) FINANCIAL SUMMARY 1Q06 1Q07 Var 06- 07 SALES 14.7 13.6 -7.5% Platforms 0.2 0.6 197.7% IT Services 12.0 12.6 4.4% Applications 2.4 0.4 -84.0% OPERATING INCOME 0.5 0.6 31.4% EBITDA 1.0 1.2 16.4% GROSS MARGIN (%) 18.4% 14.7% -19.9% SG&A EXPENSE / SALES (%) -15
Slide 7: MEXICO: Successful turnaround
MEXICO: Successful turnaround (US$ millions) Platforms REVENUES EBITDA IT Services 7,0 6.3 0,8 60.4% 0.6 Applications 6,0 0.1 0,6 5,0 OPERATING INCOME 0,4 191.3% 3.9 4,0 0,6 0.5 0,2 9.1% 3,0 1.6 6.2 0,4 175.5% 0,0 2,0 -0,2 1Q-06 1Q-07 0,2 8.3% 1,0 2.1 -0,4 -16.0% 0.2 0,0 0,0 0.0 -0,6 -0,2 1Q-06 1Q-0
Slide 8: MEXICO: Successful turnaround
MEXICO: Successful turnaround (US$ millions) FINANCIAL SUMMARY 1Q06 1Q07 Var 06- 07 SALES 3.9 6.3 60.4% Platforms 1.6 0.1 -96.0% IT Services 2.1 6.2 192.2% Applications 0.2 0.0 -100.0% OPERATING INCOME (0.7) 0.5 -175.5% EBITDA (0.6) 0.6 -191.3% GROSS MARGIN (%) 5.1% 28.2% 455.3% SG&A EXPENSE / SALES
Slide 9: ROLA: New IT Services contracts
ROLA: New IT Services contracts (US$ millions) Platforms REVENUES EBITDA IT Services 12,0 4.4% 1,8 1.6 -19.4% Applications 9.2 9.6 1,6 10,0 OPERATING INCOME 1,4 1.3 8,0 1,2 4.3 4.6 1,2 1.0 1,0 6,0 -32.7% 0,8 1,0 4,0 0,6 3.2 4.4 0,8 0.7 0,4 13.1% 2,0 17.0% 0,2 1.4 0.9 0,6 0,0 0,0 0,4 1Q-06 1Q-07 1Q-0
Slide 10: ROLA: New IT Services contracts
ROLA: New IT Services contracts (US$ millions) FINANCIAL SUMMARY 1Q06 1Q07 Var 06- 07 SALES 9.2 9.6 4.4% Platforms 4.6 4.3 -7.7% IT Services 3.2 4.4 39.8% Applications 1.4 0.9 -36.6% OPERATING INCOME 1.0 0.7 -32.7% EBITDA 1.6 1.3 -19.4% GROSS MARGIN (%) 23.2% 21.3% -8.5% SG&A EXPENSE / SALES (%) -11
Slide 11: Regional expansion and focus on high margin business
Regional expansion and focus on high margin business REVENUES BREAKDOWN BY REGION REVENUES BY REGION (US$ millions) 100,0 91.2 85.7 90,0 9.6 10.5% 80,0 9.2 3.9 6.3 6.9% 70,0 14.7 13.6 60,0 50,0 ROLA 40,0 14.9% 30,0 57.9 61.7 Mexico 20,0 Brazil 10,0 67.7% 0,0 Chile 2006 2007 REVENUES BREAKDOWN BY BUS
Slide 12: Consolidated Results
CONSOLIDATED RESULTS SONDA CONSOLIDATED RESULTS INCOME STATEMENT (US$ millions) • Growth of 6.3% in revenues compared to 1Q06, due to Mar-06 Mar-07 Var% increases in Chile and Mexico. SALES 85.7 91.2 6.3% Platforms 24.8 29.0 16.7% • Higher operating income IT Services 51.0 56.6 10.9% compared to 200
Slide 13: Solid Growth
SOLID GROWTH EBITDA (in US$ millions) REVENUES (in US$ millions) 20,0 92,0 91.2 17.5 18,0 91,0 16,0 14.2 90,0 23.8% 14,0 89,0 12,0 88,0 6.3% 10,0 87,0 85.7 8,0 86,0 6,0 85,0 4,0 84,0 2,0 83,0 0,0 82,0 Mar-06 Mar-07 Mar-06 Mar-07 OPERATING INCOME (in US$ millions) NET INCOME (in US$ millions) 12,0 11
Slide 14: Balance Sheet Summary
BALANCE SHEET SUMMARY SONDA CONSOLIDATED BALANCE SHEET (US$ millions) • Total cash of Mar-06 Mar-07 Var% US$232 million. Assets 365.7 585.2 60.0% Cash and cash equivalent 82.6 138.7 67.9% Accounts receivables 81.7 92.7 13.5% • Total financial debt Inventories 16.9 14.5 -14.2% of US$85 million. Other
Slide 15: Financial Ratios
FINANCIAL RATIOS 1Q07 1Q06 GROSS MARGIN (%) 22.0% 21,4% SG&A / SALES (%) 9.8% 11,1% OPERATING MARGIN (%) 12.2% 10,3% EBITDA MARGIN (%) 19.2% 16,5% NET MARGIN (%) 13.8% 10,3% ROE 12.1% 20,9% ROA 8.6% 9,6% NET DEBT / TOTAL ASSETS -0.1x 0.1x NET DEBT / EBITDA -0.8x 0.6x EBITDA / NET FINANCIAL EXPENSE -
Slide 16: Stock Performance
16 $800. million). million). • Average daily IPO: $354,537 • IPO price $566 million (US$5.3 volume of $2,836 million (US$657.5 • Max closing price: • Total volume since 550 600 650 700 750 800 850 03-11-06 10-11-06 0,00 2.000,00 4.000,00 6.000,00 8.000,00 10.000,00 12.000,00 03-11-06 17-11-06 10-11-
Slide 17: The AFT Project
THE AFT PROJECT • Fare revision upon final scope of the technological services provided by SONDA • Additional investment of US$ 7 million • Investment as of March 31, 2007 reaches US$ 80 million • MTT announces fleet increase to 6,400 busses 17
Slide 18: Q&A Session
Q&A Session Phone (56-2) 657 50 00 Fax (56-2) 657 54 10 Teatinos 500 / Santiago / CHILE www.SONDA.com