Economic Performance

 

In 2012, Triunfo reached adjusted net operating revenue of R$834.9 million and adjusted EBITDA of R$419.5 million, representing growth of 20.6% and 19.2% respectively, in relation to last year.

In this section, Triunfo presents how its economic value was distributed in the Value Added Statement (VAS). As well as revenue, it also shows spending on employees, capital provision, tax payments, investments in community and environmental projects and operating costs. The individual results of Triunfo´s companies are also clearly presented. GRI EC1

The operational performance of Triunfo´s businesses was the main generator of these positive results: consolidated traffic in the highways sector reached 82 million equivalent vehicles (growth of 6.6%); containers handled totaled 620,000 TEUs at the port and 40,800 TEUs by cabotage, 595,600 MWh of assured energy were sold (growth of 4.4%); and 8.9 million passengers and 265,300 tons of cargo passed through Viracopos Airport.

 

 

Energia

During the years of 2010 and 2011, the company held negotiations for the sale of Rio Verde, and in 2012, with the objective to continue implementing the strong rhythm of growth associated with the conditions of the energy market at this time, it made the decision to sell off its participation in the subsidiary Rio Canoas, as with the subsidiary Rio Verde, although it will maintain its programed investments in both.

In June of 2007, Rio Verde, which administrates the Salto Hydroelectric Plant, signed an accord with Votener which covers the sale of 100% of assured energy from the plant for 16 years. The contract is annually readjusted every May in accordance with the IGP-M (General Market Price) index. At the time of the accord the average price per MW/h was R$130 and by the end of 2012, the value had increased to close to R$ 188. The Tariff for Use of the Transmission Network (TUST) is also reimbursed by Votener.

Highways

In the highways sector, Triunfo holds stakes in three concessionaires: Concepa (100%), Concer (62.5%) and Econorte (100%). The equivalent traffic presented refers to the total of each concession, while the financial performance described reflects Triunfo´s participation in each business.

 

In 2012, the three concessionaires presented superior performances compared to the previous year. Concepa saw an 8.1% increase in vehicle traffic, Concer 6.0% and Econorte 4.3%. The average fare increased by 7.1% for Concepa, 2.8% for Concer and 4.7% for Econorte. The increase in these two variables - traffic and fares were the main reasons for the increased revenue of the highways. In total, gross income from the highways segment of Triunfo in 2012, was R$661.9 million, a positive increase of 20.2% in relation to the previous year.

Navigation

In the cabotage segment, Triunfo controls 60.7% of the capital of Maestra, which began operations in March 2012 with four ships. The company closed out the year having shipped 40,800 TEUs, indicating the good commercial potential of its insertion in the cabotage market.  

 

Ports

In the Ports sector, Triunfo retains 50% participation in Portonave, which owns outright the company Iceport (which operates a cold-storage facility and a trading company). For this reason, the operational performance presented corresponds to 100% of the business while the financial performance reflects only Triunfo´s participation in the business (50%).

 

Despite the unfavorable macroeconomic situation, the net operating revenue of Portonave, in 2012, was R$ 194 million, growth of 12% on the previous year.

Airports

In 2012, Triunfo commenced its operations in the airport administration sector, in partnership with UTC Participações and Egis Airport Services, after winning the auction for the concession of Viracopos International Airport.

The presentation of operational data in this segment corresponds to 100% of the business, while financial data is consolidated according to Triunfo´s participation (23%).

 

The volume of passengers presented an increase of 17.0% on 2012. The volume of cargo fell by 1.2% in 2012, as a consequence of the downturn in global commerce, but despite the fall, Viracopos Airport was the largest importer and second largest exporter amongst Brazil’s airports. Net operating income was R$9.3 million.

                                                             

 

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