Triunfo Participações e Investimentos S A : Apresentação de Resultados 2Q23
August 11, 2023 at 08:36 am EDT
Share
Earnings Presentation 6M23/6M22
Disclaimer
The financial information in this presentation is pro forma and consolidated in proportion to Triunfo's interest in each business, while the operating information reflects the entire businesses. The results of the period, compared to the accounting values do not change due to the consolidation method. The net revenue figures reported herein exclude construction revenue (adjusted net revenue) , except where stated otherwise. Results are compared with the same period last year, except where stated otherwise.
This presentation may include forward-looking statements based largely on our current expectations and projections of future events and financial trends that affect or may affect our business. Although we believe these estimates and forward-looking statements are based on reasonable assumptions, many important factors could significantly affect our operating results. Any forward-looking statements, according to the definition under the U.S. Private Securities Litigation Reform Act of 1995, involve diverse risks and uncertainties and there is no guarantee that these results will materialize.
Consolidated Performance
Adjusted Net Revenue and EBITDA
Adjusted Net Revenue - Pro Forma1 (R$ million)
Excluding construction revenue
50.0%
1.089
-39.9%
726
674
405
2021 ProForma
2022
6M22
6M23
Adjusted EBITDA
Net Revenue Breakdown
Excluding construction revenue
Energy
18%
6M23
Toll Roads
82%
Adjusted EBITDA Breakdown
(R$ million)
39.0%
18.1%
Excluding holding
Energy
17%
362
260
169200
2021 ProForma
2022
6M22
6M23
6M23
Toll Roads
83%
1- Excludes the year 2021 for Triunfo Econorte, considering that the Concession contract ended
Main Figures 6M23/6M22
Main Figures (in R$ thousand)
2Q23
2Q22
Δ
6M23
6M22
Δ
djusted Net Revenue
194,679
492,593
-60.5%
404,710
673,639
-39.9%
Toll Roads
158,945
461,835
-65.6%
331,984
612,314
-45.8%
Energy
35,734
30,758
16.2%
72,726
61,325
18.6%
Adjusted EBITDA*
115,120
112,257
2.6%
199,597
169,041
18.1%
Toll Roads
102,189
103,283
-1.1%
175,274
151,033
16.1%
Energy
17,300
14,601
18.5%
35,062
29,274
19.8%
Holding and Other
(4,369)
(5,627)
-22.4%
(10,739)
(11,266)
-4.7%
Financial Result
(45,176)
(75,096)
-39.8%
(97,230)
(118,009)
-17.6%
Toll Roads
(47,045)
(75,708)
-37.9%
(101,661)
(118,298)
-14.1%
Energy
(78)
75
n/c
530
166
n/c
Holding and Other
1,947
537
n/c
3,901
123
n/c
Net Income (Loss)
(64,510)
110,936
-158.2%
(144,784)
78,197
n/c
Toll Roads
(70,516)
108,594
n/c
(157,482)
73,514
n/c
Energy
10,958
9,409
16.5%
22,614
18,849
20.0%
Holding and Other
(4,952)
(7,067)
-29.9%
(9,916)
(14,166)
-30.0%
Adjusted EBITDA Margin
59.1%
22.8%
36.3pp
49.3%
25.1%
24.2pp
Toll Roads
64.3%
22.4%
41.9pp
52.8%
24.7%
28.1pp
Energy
48.4%
47.5%
0.9pp
48.2%
47.7%
0.5pp
*Adjusted EBITDA excluding construction margin, non-recurring revenues (expenses), provision for maintenance, Remuneration for Financial Asset and Excess Tariff of Triunfo Concebra, and is calculated based on the consolidated Income Statement as per Triunfo's share in each business (Proportional Consolidation Income Statement).
Attachments
Original Link
Original Document
Permalink
Disclaimer
TPI - Triunfo Participações e Investimentos SA published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 12:35:03 UTC.
TPI Triunfo Participacoes e Investimentos SA (Triunfo) is a Brazil-based holding company primarily engaged in the operation of highways. The Company divides its business into four main segments: Highway Concessions, Ports Administration, Coastal Shipping and Energy. In the Highway Concessions segment, Triunfo is active in the management, toll collection, maintenance and conservation of roads. In the Port Administration segment, it is active in the port operation and warehousing services. In the Coastal Shipping segment, the Company is mainly involved in the cargo water transportation and navigation services. In the Energy segment, it is engaged in the generation and transmission of electric power. Triunfo owns a number of subsidiaries, including Empresa Concessionaria de Rodovias do Norte SA and Transbrasiliana Concessionaria de Rodovia SA, among others. On August 26, 2014 the Company has acquired Fundo de Investimento em Participacoes Constantinopla.
TRIUNFO PARTICIPAÇÕES E INVESTIMENTOS S.A. 
