America Latina Logistica Reports 3Q10 and 9M10 Results

CURITIBA, Brazil, Nov. 9, 2010 /PRNewswire-FirstCall/ -- America Latina Logistica S.A. – ALL (BM&FBovespa: ALLL3; OTCQX: ALLAY), Latin America's largest independent logistics company, announces its results for the third quarter and first nine months of 2010 (3Q10 and 9M10).

• ALL Brazil´s volume increased 9.6% in 3Q10, from 10,065 million RTK in 3Q09 to 11,034 million RTK, mainly driven by a 14.7% growth in agricultural commodities segment partially offset by a 3.0% decrease in industrial products volumes. In 9M10, ALL Brazil volumes increased 6.4%.

• Consolidated EBITDA grew 8.1% to R$368.8 million in 3Q10. In 9M10, EBITDA rose up 12.2% to R$1,098.2 million and margins increased from 49.8% in 9M09 to 51.2%.

• Net income increased 134% in 9M10 and 20% in 3Q10, as compared to the same period of last year. Net income reached R$69.2 million in 3Q10, driven by EBITDA increase and lower financial expenses. In 9M10, net income grew from R$95.4 million in 9M09 to R$223.1 million, as operating income after net financial expenses increased 313%, from R$56.8 million to R$234.5 million.

• Perspectives for 4Q10 are positive and CAPEX for 2010 should be lower than our original guidance. We are reviewing our 2010 CAPEX, excluding Rondonopolis construction, from R$700 million to less than R$650 million driven by price gains and operational improvements.

• Our long term projects are developing well. The extension of our rail lines from Alto Araguaia to Rondonopolis is advancing as planned and our agreement with Rumo is already operational and volumes should increase following the Capex schedule. Moreover, we are working strongly in infrastructural projects in containers, terminal and mining segments.

Full information is available on the ALL's IR website:

www.all-logistica.com/ir  

ALL will be hosting conference calls to discuss 3Q10/9M10 Results on November 10, Wednesday, at 8:30 a.m. US ET (English) and 7:00 a.m. US ET (Portuguese). See connecting details on the Company's IR Website.

SOURCE America Latina Logistica S.A.