In this 2Q08 we were assigned investment grade rating by Moody's. We also took additional steps towards growing our businesses, with the announcement of the acquisition of Uniao Terminais and the operational start-up of the oleochemical unit of Oxiteno, located in Camacari. We also reported an improvement in results in the quarter, with higher volumes, EBITDA and net earnings allowing a significant dividends distribution. -- ULTRAPAR's REVENUES GROW IN ALL BUSINESS UNITS IN 2Q08 COMPARED TO 2Q07 -- ULTRAPAR'S EBITDA AMOUNTED TO R$ 248 MILLION IN 2Q08, UP 10% AND 11% ON 2Q07 AND 1Q08, RESPECTIVELY -- NET EARNINGS AMOUNTED TO R$ 104 MILLION IN 2Q08, ALMOST THREE TIMES HIGHER THAN 2Q07 AND UP 15% ON 1Q08 -- DISTRIBUTION OF R$ 119 MILLION IN DIVIDENDS CORRESPONDING TO 61% OF ULTRAPAR'S 1S08 CONSOLIDATED NET EARNINGS "In this second quarter, we have made progress in implementing our growth plan, with the completion of the construction of the oleochemical unit at Oxiteno and the acquisition of the Uniao Terminais by Ultracargo. Through the acquisition of Uniao Terminais, we aim to capture the strong demand for logistic infrastructure in Brazil related to biofuels, agribusiness and chemical products, consolidating Ultracargo's leading position in the bulk liquids segment in South America. In July, we began operations at our oleochemical unit, strengthening Ultrapar's growth strategy through increased scale and differentiated technology. In addition, Ultrapar obtained investment grade rating by Moody's, reinforcing Ultrapar's position as a company with strong cash generation and sound financial management." Pedro Wongtschowski - CEO Results Conference Call National Conference Call Date: August 08, 2008 11.00 am (local time) Telephone for connection: 55 11 2188-0188 Code: Ultrapar International Conference Call Date: August 08, 2008 12.30 midday (local time) Participants in Brazil: 0-800-773-4613 Participants in US: 1-800-860-2442 International: Participants 1 (412) 858-4600 Code: Ultrapar
SOURCE Ultrapar Participacoes S.A.