Triunfo Participações e Investimentos S A : Earnings Presentation 3Q21
November 12, 2021
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Earnings Presentation
3Q21/9M21
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 (R$ million)
Excluding construction revenue, Portonave, Airport and Concepa
Net Revenue Breakdown
Excluding construction revenue
Energy
-1.8%
952935
6.0%
13%
690731
2019
2020
9M20
9M21
Adjusted EBITDA
(R$ million)
+0.3%
422
423
+12.4%
307
345
9M21
Toll Roads
87%
Adjusted EBITDA Breakdown
Excluding holding
Energy
11%
9M21
Toll Roads
89%
2019
2020
9M20
9M21
Main Figures - 9M21/9M20
Main Figures (in R$ thousand)
3Q21
3Q20
9M21
9M20
Adjusted Net Revenue
261,254
232,522
12.4%
731,418
689,697
6.0%
Toll Roads
229,825
200,590
14.6%
639,828
601,780
6.3%
Energy
31,429
31,932
-1.6%
91,590
87,917
4.2%
Adjusted EBITDA*
158,102
100,071
58.0%
344,784
306,839
12.4%
Toll Roads
148,461
91,120
62.9%
322,079
282,098
14.2%
Energy
15,156
13,866
9.3%
40,607
38,032
6.8%
Holding and Other
(5,515)
(4,915)
12.2%
(17,902)
(13,291)
34.7%
Financial Result
33,855
(43,375)
n/c
(20,932)
(85,786)
-75.6%
Toll Roads
29,939
(38,640)
n/c
(44,199)
(77,737)
-43.1%
Energy
54
10
n/c
51
71
-28.2%
Holding and Other
3,862
(4,745)
n/c
23,216
(8,120)
n/c
Net Income (Loss)
88,763
(52,909)
-267.8%
34,768
(66,747)
n/c
Toll Roads
81,585
(53,160)
n/c
5,821
(67,198)
n/c
Energy
10,003
9,148
9.3%
26,534
24,881
6.6%
Holding and Other
(2,825)
(8,897)
-68.2%
2,413
(24,430)
n/c
Adjusted EBITDA Margin
60.5%
43.0%
17.5pp
47.1%
44.5%
2.7pp
Toll Roads
64.6%
45.4%
19.2pp
50.3%
46.9%
3.5pp
Energy
48.2%
43.4%
4.8pp
44.3%
43.3%
1.1pp
*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 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 20:16:07 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. 
