Triunfo Participações e Investimentos S A : Apresentação de Resultados 2Q22
August 12, 2022 at 07:45 am EDT
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Earnings Presentation 2Q22/6M22
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, Portonave, Airport and Concepa
6.1%
96.5%
912967
674
343
Net Revenue Breakdown
Excluding construction revenue
Energy
9%
6M22
Toll Roads
2020 Pro Forma 2021 6M21 Pro Forma 6M22
Adjusted EBITDA
Adjusted EBITDA Breakdown
(R$ million)
Excluding holding
+7.5%
52.9%
Energy
438
408
30%
91%
111
6M22
169
Toll Roads
70%
2020 Pro Forma
2021
6M21 Pro Forma
6M22
1- Excludes December 2020 and 1Q21 for Triunfo Econorte, as the Concession contract ended in November 2021
Main Figures - 6M22/6M21
Main Figures (in R$ thousand)
2Q22
2Q21
2Q21 Pro
6M22
6M21
6M21 Pro
Forma
Forma
Adjusted Net Revenue
492,593
240,457
104.9%
176,486
179.1%
673,639
470,164
43.3%
342,835
96.5%
Toll Roads
461,835
210,382
119.5%
146,411
215.4%
612,314
410,003
49.3%
282,674
116.6%
Energy
30,758
30,075
2.3%
30,075
2.3%
61,325
60,161
1.9%
60,161
1.9%
Adjusted EBITDA*
112,268
94,767
18.5%
57,001
97.0%
169,052
186,682
-9.4%
110,580
52.9%
Toll Roads
103,283
89,051
16.0%
51,285
101.4%
151,033
173,618
-13.0%
97,516
54.9%
Energy
14,612
12,303
18.8%
12,303
18.8%
29,285
25,451
15.1%
25,451
15.1%
Holding and Other
(5,627)
(6,587)
-14.6%
(6,587)
-14.6%
(11,266)
(12,387)
-9.0%
(12,387)
-9.0%
Financial Result
(75,096)
(8,192)
n/c
(9,675)
676.2%
(118,009)
(54,787)
115.4%
(54,203)
117.7%
Toll Roads
(75,708)
(29,113)
160.0%
(29,026)
160.8%
(118,298)
(74,138)
59.6%
(73,554)
60.8%
Energy
75
12
n/c
(3)
-2600.0%
166
(3)
n/c
(3)
-5633.3%
Holding and Other
537
20,909
-97.4%
19,354
-97.2%
123
19,354
-99.4%
19,354
-99.4%
Net Income (Loss)
110,936
(4,972)
-2331.2%
(9,362)
-1285.0%
78,197
(53,995)
n/c
(77,725)
-200.6%
Toll Roads
108,594
(28,701)
n/c
(33,091)
-428.2%
73,514
(75,764)
n/c
(99,494)
-173.9%
Energy
9,409
8,006
17.5%
8,006
17.5%
18,849
16,531
14.0%
16,531
14.0%
Holding and Other
(7,067)
15,723
n/c
15,723
-144.9%
(14,166)
5,238
n/c
5,238
-370.4%
Adjusted EBITDA Margin
22.8%
39.4%
-16.6pp
32.3%
-9.5pp
25.1%
39.7%
-14.6pp
32.3%
-7.2pp
Toll Roads
22.4%
42.3%
-20.0pp
35.0%
-12.7pp
24.7%
42.3%
-17.7pp
34.5%
-9.8pp
Energy
47.5%
40.9%
6.6pp
40.9%
6.6pp
47.8%
42.3%
5.4pp
42.3%
5.4pp
*Adjusted EBITDA excludes construction margin, non-recurring revenue (expenses) and provision for maintenance and is calculated based on the consolidated income statement for Triunfo's participation in each business (Proportional Consolidated Income Statement).
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TPI - Triunfo Participações e Investimentos SA published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 11:44:10 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. 
