2. Forward-Looking Statements
This presentationcontains forward-lookingstatementsrelating totheprospectsof thebusiness, estimatesforoperating and financial
results, and thoserelatedtogrowthprospectsof TPI – TriunfoParticipações e InvestimentosS.A. Thesearemerelyprojectionsand, as
such, arebased exclusively on theexpectations of theCompany’s managementconcerning the futureof thebusiness. Such forward-
looking statementsdepend substantially on changesin marketconditions, theperformanceof theBrazilian economy, thesector and the
international markets, and are, therefore, subjecttochangeswithoutprevious notice.
The consolidated financial information is presented in proportion to the participation of Triunfo in each subsidiary. The
operational numbers correspond to 100% of the business.
The information includes the performance of the subsidiaries Rio Verde and Rio Canoas.
Since January1, 2013, with thecompulsoryapplication of IFRS 10 and 11, theCompany ceased toproportionally consolidate its
subsidiaries controlled jointly (Concer, Maestra, Portonave and AeroportosBrasil Viracopos) in thefinancial statements. Concer and
Maestrahave since been consolidated 100% and theresultsof Portonave and AeroportosBrasil Viracopos were recordedunder theitem
“equityincome”. This changedid notaffecttheconsolidated netincome of theCompany, butaltereda fewitemsin thebalance sheet,
income statementand thecash flowstatement, as well as financial indicators such asEBITDA and EBITDA Margin.
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3. 2Q13 and 1H13 Highlights
•Consolidated traffic volume increased5.4% to reach 19.9 million vehicle equivalent units in 2Q13 and
4.3%in 1H13.
•Adjusted net revenue was R$236.5 million (+23.5%) in 2Q13 and R$496.7million (+26.3%) in 1H13.
•ContainerhandlingatPortonave reached181,300 TEUs in 2Q13, up 28.8% in the quarter and 18.8%in 1H13.
•Assured energy sold totaled148.1 GWh in 2Q13 and294.6GWh in1H13.
•Cabotage volume totaled12,200 TEUs in 2Q13 and 21,400TEUs in 1H13.
•Viracopos Airport handled2.3 million passengers and 65,200 tons of cargo.
•Adjusted EBITDA totaledR$103.0 million (+16.0%) in the quarter, with margin of 43.6%.AdjustedEBITDAin 1H13was
R$252.2million (+27.0%), with margin of 50.8%.
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4. 191.4
236.5
2Q12 2Q13
393.4
496.7
1H12 1H13
23.5%
Adjusted Net Revenue
Breakdown Net Revenue 2Q13 - (%)
Excluding construction revenue
Adjusted Net Revenue - (R$ million)
Excluding construction revenue
4
26.3%
48%
24%
11%
9%
8%
TollRoads
Port
Energy
Cabotage
Airport
6. 104.7
112.6
2Q12 2Q13
222.2
242.4
1H12 1H13
18.9
19.9
2Q12 2Q13
40.2
41.9
1H12 1H13
5.4%
7.6%
Toll Roads Segment – 2Q13 and 1H13
Traffic of Equivalent Vehicles - (million)
Corresponds to 100% of the business
Net Revenue (1) – (R$ million)
Corresponds to the Triunfo Stake in the business
(1) Excluding ConstructionRevenue.
6
4.3%
9.1%
8. 43.4
57.8
2Q12 2Q13
92.0
115.6
1H12 1H13
280.5
333.3
1H12 1H13
140.8
181.3
2Q12 2Q13
28.8%
33.2%
Port Segment – 2Q13 and 1H13
Container Handling - TEUs (‘000)
Corresponds to 100% of the business
Net Revenue - (R$ million)
Corresponds to the Triunfo Stake in the
business
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18.8%
25.6%
16. 88.8
103.0
2Q12 2Q13
198.7
252.2
1H12 1H13
16.0%
Adjusted EBITDA
EBITDA per Segment (1) 2Q13 - (R$ million)Adjusted EBITDA (1) - (R$ million)
Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, adjusted for the Provision for Maintenance – IAS 37 (a non-cash item included in
Operating Costs), non-recurring expenses, minority interestand equity income. To calculate EBITDA margin, we used Adjusted Net Revenue (excluding construction revenue,
which is an accountingeffectwith no cashimpact) as the denominator.
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74.8
26.6
18.2
6.6
-13.4
-4.1
103.0
TollRoad Port Energy Airport Cabotage Holding EBITDA 2Q13
27.0%
17. Financial Income
17
(R$ million ) 2Q13 2Q12 D 1H13 1H12 D
Financial Income -65,0 -46,0 41,2% -132,8 -80,2 65,7%
· FinancialRevenue 4,9 9,0 -45,8% 8,2 11,6 -29,8%
· FinancialExpenses -68,4 -43,4 57,5% -140,1 -83,5 67,7%
· ExchangeRateVariation -1,5 -11,6 -87,1% -0,9 -8,3 -88,9%
18. Net Debt
Leverage: Net Debt(1)/EBITDA of the segments with positive EBITDA
18
(1) NetDebtin 06/30/13.
(2) LTM Adjusted EBITDA
(R$ million)
ENERGY TOLL ROAD PORT AIRPORT
PARENT
COMPANY
CABOTAGE TOTAL
2013 11 129 23 - 17 58 239
2014 49 49 24 - 4 34 160
2015 52 71 34 - 77 29 263
2016 44 102 32 10 293 24 505
2017 49 28 22 10 274 24 406
After 2018 558 38 - 143 50 6 795
Gross Debt 763 417 135 163 716 174 2.368
Net Debt 741 392 118 50 604 172 2.078
9.7 x
1.1 x 1.2 x
4.3 x
Energy TollRoads Port Airport
19. Capex
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ViracoposConstruction
Fillingof the Rio Canoas Reservoir
ViracoposConstruction
2Q13 Capex
1H13 Capex 5.6%
Concer
4.6%
Concepa
3.8%
Econorte
3.8%
Portonave
1.1%
Portonaus
0.1%
Cabotagem
53.0%
Rio Canoas
0.0%
Rio Verde
25.8%
Aeroportos Brasil
Viracopos
2.1%
Holding
5.6%
Concer
4.4%
Concepa 4.2%
Econorte
6.1%
Portonave
1.1%
Portonaus
0.0%
Cabotagem
43.0%
Rio Canoas
0.1%
Rio Verde
32.7%
Aeroportos Brasil
Viracopos
2.8%
Parent Company
20. IR Team
Sandro Lima – Investor Relations Officer and CFO
Marcos Pereira
Luana Mota
Melina Rodrigues
Contact: ri@ triunfo.com
+55 11 2169 3999
Rua Olimpíadas, 205 - Conjunto142/143
Vila Olímpia- São Paulo - CEP 04551-000
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