Arteris announces its 4Q13 & 2013 Earnings Results
São Paulo, February 26, 2014 – Arteris (Novo Mercado Bovespa: ARTR3) announces its 4Q13 & 2013 consolidated earnings results.
Tolled Traffic: The volume of tolled traffic increased by 2.1% over 4Q12, totaling 185.0 million vehicle equivalents. In the full year, tolled traffic grew by 2.9% over 2012 to 717.1 million vehicle equivalents.
Toll Plazas Revenue: Toll plaza revenue totaled R$603.8 million in 4Q13, 8.3% up on 4Q12 due to higher traffic volume and tariff increases on the federal highways. In 2013, as a whole, the Company recorded toll plaza revenue of R$2.3 billion, 9.1% more than in 2012.
Adjusted EBITDA: Fourth-quarter adjusted EBITDA came to R$374.2 million, 7.1% up on 4Q12, accompanied by an adjusted EBITDA margin* of 67.1% (+0.6 p.p.). In 2013, adjusted EBITDA came to R$1.4 billion, 8.7% up on the year before, with a margin of 67.4% (+ 1.8 p.p.).
Net Income: Arteris posted net income of R$137.6 million in 4Q13, 28.9% more than in 4Q12, and R$466.3 million in 2013, 15.6% up on 2012.
Debt: Net debt closed 4Q13 at R$3.1 billion, 9.5% higher than in the previous quarter. The leverage ratio, as measured by Net Debt / Adjusted EBITDA less Fixed Concession Fee (last 12 months) was 2.3 x.
Investments: Investments in fixed and intangible assets and highway maintenance totaled R$404.0 million in 4Q13 and R$1.3 billion in 2013.
Conference Call in English
We request participants to dial in approximately 10 minutes prior to the conference.
Date: 02/27/2014 (Tomorrow)
US EST: 10:00 am (12:00 pm Brasília Time)
Dial in number: +55 (11) 4688-6361/ +1 (888) 700 0802 (Toll Free From U.S.)
Access code: ARTERIS
Replay*: +55 (11) 4688-6312
Replay code: 9379861#
* A replay facility will be available between
A slide presentation will be available for download on Investor Relations website www.arteris.com.br/ir a few minutes before the event.
The Conference Call will be broadcast live over the internet through the link http://webcall.riweb.com.br/arteris/english and will be available on the Company’s Investor Relations website after the event.