Arteris announces its 3Q13 Earnings Results
São Paulo, November 13, 2013 Arteris (Novo Mercado Bovespa: ARTR3) announces its 3Q13 consolidated earnings results.
Tolled Traffic: The volume of tolled traffic increased by 2.3% over 3Q12, totaling 182.6 million vehicle equivalents. In the first nine months, tolled traffic grew by 3.2% over the same period last year to 532.1 million vehicle equivalents.
Toll Plazas Revenue: Toll plaza revenue totaled R$601.6 million in 3Q13, 8.5% up on 3Q12 due to higher traffic volume and tariff increases on the federal highways. In 9M13, the Company recorded toll plaza revenue of R$1.7 billion, up by 9.4%.
Adjusted EBITDA: Third-quarter adjusted EBITDA came to R$381.2 million, 6.4% more than in 3Q12, accompanied by an adjusted EBITDA margin* of 69.1% (+0.8 p.p.). In 9M13, adjusted EBITDA came to R$1.0 billion, 9.3% up year-on-year with a margin of 67.6% (+ 2.2 p.p.).
Net Income: Arteris posted net income of R$129.1 million in 3Q13, 25.2% more than in 3Q12, and R$328.7 million in 9M13, 10.7% up on the first nine months of 2012.
Debt: Net debt closed 3Q13 at R$2.8 billion, 4.1% higher than in the previous quarter. The leverage ratio, as measured by Net Debt / Adjusted EBITDA less Fixed Concession Fee (last 12 months) remained at 2.1 x.
Investments: Investments in fixed and intangible assets and highway maintenance totaled R$347.0 million in 3Q13 and R$924.1 million in 9M13.
To download the 3Q13 earnings release, click here.
Conference Call in English
We request participants to dial in approximately 10 minutes prior to the conference.
Date: 11/14/2013 (Tomorrow)
US EST: 09:00 am (12:00 pm Brasília Time)
Dial in number: +1 (412) 317-6776 / +1 (877) 317-6776 (Toll Free From U.S.)
Access code: ARTERIS
Replay*: +1 (412) 317-0088 / +1 (877) 344-7529 (Toll Free From U.S.)
Replay code: 10036614
* A replay facility will be available between November 14 to 20, 2013.
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 Companys Investor Relations website after the event.