Triunfo Reports First Quarter Earnings 2012

Brazil - Português

Net revenue rose 22% to R$231 million

Strong operational performance highlighted by adjusted EBITDA of R$110 million and dividend calculation base of R$32 million

News provided by

Triunfo Participacoes e Investimentos S.A.

May 08, 2012, 06:41 ET

SAO PAULO, May 8, 2012 /PRNewswire/ -- Triunfo Participacoes e Investimentos S.A., (BOVESPA: TPIS3, OTC: TPIUY.PK) a leading Brazilian infrastructure company with a strong presence in the toll-road, port administration, cabotage and electric power concession segments, announces its results for the first quarter of 2012. The full earnings release is also available on Triunfo's website: www.triunfo.com/ir

FIRST QUARTER HIGHLIGHTS

Net Revenue grew 21.7% compared to 1Q11, reaching R$231 million.
Traffic volume increased 7.6%, totaling 21.3 million equivalent vehicles.
Handled container volume at Portonave reached 139,719 TEUs, 12.5% higher than 1Q11.
Assured Energy Sold was 148,143 MWh, a 7.4% increase over 1Q11.
From March 2012, Cabotage has been operating with a fleet of four ships, offering full service with weekly stopovers at the terminals where it operates.
Adjusted EBITDA was R$110 million in 1Q12, 22.2% above the prior year, a margin of 54.4%, totaling R$372 million LTM.
Net income in 1Q12 was R$15.0 million. The Dividend Calculation Base was R$31.9 million for the quarter, an increase of 28.8% over the prior year, representing a dividend payout of R$0.055 per share.
In February 2012, the Company, in partnership with UTC Participacoes S.A. and Egis Airport Operation, won the auction for the expansion, maintenance and operation of the Campinas International Airport. The result was ratified by the National Civil Aviation Agency (ANAC) in April.
In March 2012, the Company's Board of Directors approved the first issuance of Promissory Notes amounting to R$300 million with a maturity of 180 days. The use of proceeds is to pre-pay the outstanding balance of the 2nd debentures of the Company, and for investments in the Company and its subsidiaries.

Conference Call in Portuguese with simultaneous translation into English

Time: Wednesday, May, 9, 2012 at 11:00am ET/ 12:00pm (Brasilia)
Dial in: +55-11-3127-4971 (Brazil), +1-516-300-1066 (International)
Code: TPI Triunfo
Replay: +55-11-3127-4999
Code Portuguese: 80317596
Code English: 94218165