Arteris announces its 2Q14 consolidated earnings results
São Paulo, August 07, 2014.
Arteris (Novo Mercado Bovespa: ARTR3) announces its 2Q14 consolidated earnings results
Toll Plazas Revenue: Toll plaza revenue amounted to R$581.4 million in 2Q14, 4.1% up on 2Q13, with the state and federal highways recording respective growth of 6.9% and 0.4%. In 1H14, the Company recorded toll plaza revenue of R$1.2 billion, up by 5.6%.
EBITDA: EBITDA totaled R$299.4 million in the second quarter with an EBITDA margin of 55.6%. Year-to-date EBITDA increased by 8.1% to R$615.8 million, while the margin widened by 1.3 p.p.
Net Income: Arteris posted net income of R$92 million in 2Q14, 14% down on 2Q13, chiefly due to the financial result and amortization payments, and R$192.8 million in 1H14, 3.4% less than in the first six months of 2013.
Debt: Net debt closed 2Q14 at R$3.7 billion, 12.5% higher than in the previous quarter. The leverage ratio, as measured by Net Debt / Adjusted EBITDA less Fixed Concession Fee (last 12 months) was 2.7x.
Investments: Investments in fixed and intangible assets and highway maintenance totaled R$426.1 million in 2Q14 and R$801.8 million in 1H14.
To download the 2Q14 earnings release, click here.
Conference Call in English
We request participants to dial in approximately 10 minutes prior to the conference.
Date: 08/08/2014 (Tomorrow)
US EST: 11:00 am (12:00 pm Brasília Time)
Dial in number from USA: +1 (888) 700 0802 (Toll Free From U.S.) / +1 (786) 924-6977
Dial in number from Brazil: +55 (11) 3193-1001 / (11) 2820-4001
Access code: ARTERIS
Replay*: +55 (11) 3193-1012 / (11) 2820-4012
Replay code: 2335603#
* A replay facility will be available between 08/08/14 and 08/14/14.
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.