Arteris announces its 2Q13 Earnings Results
São Paulo, August 08, 2013 Arteris (Novo Mercado Bovespa: ARTR3) announces its 2Q13 consolidated earnings results.
Tolled Traffic: The volume of tolled traffic increased by 5.6% over 2Q12, totaling 175.8 million vehicle equivalents. In the first six months, tolled traffic grew by 3.7% over the same period last year, to 349.5 million vehicle equivalents.
Toll Plaza Revenue: Toll plaza revenue totaled R$ 558.5 million in 2Q13, 11.8% up on 2Q12 due to higher traffic volume and tariff increases. In 6M13, the Company recorded toll plaza revenue of R$1.1 billion, up by 9.9%.
Adjusted EBITDA: Second-quarter adjusted EBITDA totaled R$345.6 million, 14.0% more than in 2Q12, accompanied by an EBITDA margin* of 69.5% (+6.4 p.p.). In 6M13, Adjusted EBITDA came to R$673.4 million, 11.0% up year-on-year with a margin of 66.7% (+3.0 p.p.).
Net Income: Arteris posted net income of R$106.9 million in 2Q13, 19.9% more than in 2Q12, and R$199.6 million in 6M13, 3.0% up on the first six months of 2012.
Debt: Net debt closed 2Q13 at R$2.7 billion, 8.8% higher than in the previous quarter. The leverage ratio, as measured by Net Debt / Adjusted EBITDA less Fixed Concession Charge (last 12 months) stood at 2.1x.
Investments: Investments in fixed and intangible assets and highway maintenance totaled R$310.7 million in 2Q13 and R$577.0 million in 6M13.
Conference Call in English
We request participants to dial in approximately 10 minutes prior to the conference.
Date: 09/08/2013 (Tomorrow)
US EST: 11:00 am (12:00 pm Brasília Time)
Dial in number: (+1) 786 924 6977 (From U.S.) / (+1) 855 281 6021 (Toll Free From U.S.) / (+55 11) 4688-6361 (From Brazil)
Access code: ARTERIS
Replay*: +55 (11) 4688-6312
Replay code: 5940150#
* A replay facility will be available between August 09 to 15, 2013.
A slide presentation will be available for download on Investor Relations website www.arteris.com.br/ri 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.