WEBCAST Rio de Janeiro, Marçh 29 th de 2017

Transcription

1 WEBCAST 2016 Rio de Janeiro, Marçh 29 th de 2017

2 MAIN HIGHLIGHTS Confirmation of Capital Increase Definitive agreement with Wilson Sons Public Tender Offer ( MTO ) Term sheets sign to develop a Logistics Condominium and Convenience Center Commercial partnership entered into with GranEnergia Port of Açu participates in the BRICS Trade Fair Port of Açu carried out two simultaneous operations at T-MULT for the first time BP Prumo carried out first operation at TECMA Credit facility with OPIC BPort Terminal awarded operating license Port of Açu closes the year with a general cargo operation at T-MULT Consolidated pro-forma EBITDA recorded R$ 73.0 million in

3 MAIN HIGHLIGHTS SUBSEQUENT EVENTS T-MULT recorded four operations with project cargo in January Record volumes in the first month of 2017 Two drill rigs moor simultaneously at T-MULT TECMA carried out the first import of marine fuel through Port of Açu T-MULT received 1 st coke operation 3

4 PICTURES T1 Terminal 1: Operations at Oil terminal and Iron Ore Terminal 4

5 PICTURES T2 Terminal 2: T-MULT General Cargo handling at T-MULT (SBM INSTALLER ship) 5

6 PICTURES T2 Terminal 2: T-MULT First Coke Operation at T-MULT 6

7 PICTURES T2 Terminal 2: Operations at T-MULT 7

8 PICTURES T2 Terminal 2: Edison Chouest Quay. Total of 16 berths including 3 linear berths e 4 slips ready and operational. 8

9 PICTURES T2 Terminal 2: BP PRUMO TERMINAL - TECMA 9

10 2016 MAIN HIGHLIGHTS Financial Highlights Debt Profile In R$ million (with interest) in 09/30/2016 Net* 1, , Net* Saldo* Net* Net* Net* Facility: Debentures Bridge Loan (FAT) Bridge Loan (FAT) Notes Crane financing Cost: IPC-A + 6,97% SELIC + 4,96% TJLP + 4,70% 8.5% p.y. + dollar 4.1% p.y. + euro Due Date: Sep, 2033 Sep, 2033 Sep, 2033 Oct, 2022 Aug, 2020 Payment Conditions: 4y Grace Period + 14y amortization monthly 4y Grace Period + 14y amortization monthly 4y Grace Period + 14y amortization monthly 7y amortization Quarterly (including 9m grace period) 05 years with semiannual payments Guarantee: All warranties project ** All warranties project ** All warranties project ** All warranties project ** Cranes *including interest and not including transaction fees (PTAX 12/30/2016) Dólar 3,2585 Euro 3,4374 Total current debt *4.494,9 ** Shares, assets and receivables of Açu Port/ *** Shares, ic loan and PrumoPar reserve accounts 11

11 2016 INCOME STATEMENT Consolidat ed IF RS (R$ k) IS Change Net revenue from sales and services 143, ,572 41,979 C o s t o f Sa le s (165,979) (66,464) (99,515) Gross Profit (22,428) 35,108 (57,536) Adminis tra tive e xpe ns e s (115,109) (140,777) 25,668 Other operating income (expenses) 3,619 (17,401) 21,020 Impa irme nt (103,593) - (103,593) Financial Income/Loss (209,321) (254,646) 45,325 Equity in inco me (lo s s ) o f s ubs idia rie s 28,319 48,891 (20,572) Income (loss) before taxes (418,513) (328,825) (89,688) Ta x (IR a nd C S) 181, ,927 69,550 Loss for the period (237,036) (216,898) (20,138) 12

12 2016 BALANCE SHEET Consolidat ed IFRS Balanc e sheet (R$ t housand) Change Current Assets 569, ,441 (140,373) No ncurre nt As s e ts 7,239,038 6,801, ,951 T ot al Asset s 7,808,106 7,510, ,578 C urre nt Lia b ilitie s 226, ,894 (126,907) Noncurrent Liabilities 4,191,774 3,960, ,287 Equity 3,389,345 3,196, ,198 T ot al Liabilit ies and equit y 7,808,106 7,510, ,578 Cash Position: R$ million Total Debt: R$ 4.5 billion Net Debt: R$ 4.1 billion 12

13 2016: CAPEX Ferroport - R$ million The Iron Ore Terminal received R$ million in Investments during 2016: R$ 85.3 million was invested in the Implementation Project, the main items being construction of the breakwater and management and demobilization of works; R$ 7.7 million in projects improving operational efficiency and acquiring spare parts; R$ 6.7 million in forestry Offsets; R$ 10.4 million on land expenses, mainly provisions for land compensation for the construction of the Transmission Line and road leading to the Port; Other expenses of R$ 4.3 million 13

14 2016: PORT OF AÇU CAPEX R$ million T2 Channel R$ million T2 Breakwater R$ million Civil Works Management R$ 11.7 million T2 CCOTM R$ 3.8 million T2 Dredging R$ 3.1 million Other Infrastructure works: R$ million Sustainability R$ 34.9 million T-MULT R$ 35.9 million General Infrastructure R$ 23.8 million Property Security R$ 15.7 million Pre-operation R$ 15.6 million Personnel Expenses R$ 12.6 million Land Management R$ 12.2 million Molhe Sul R$ 12,0 milhões T-Gás R$ 8.5 million Engineering R$ 8.3 million Health and Operational Safety R$ 6.5 million Legal Expenses R$ 2.1 million Rental and utilities R$ 1.7 million Insurance R$ 1.3 million Others R$ 0,7 million 14

15 2016: AÇU PETRÓLEO CAPEX - R$ million T-OIL received R$ 299,8 million in investments during 2016: Dredging R$ million; Electro-mechanical Assembly - R$ million; T1 Breakwater - R$ 25.1 million; Civil Works R$ 9.6 million; Sustainability R$ 2.1 million; Owners Costs R$ 2.1 million; Security R$ 0.4 million 15

16 PORT OF AÇU CAPEX 16

17 AÇU PETROLEO CAPEX 17

18 Perspectives for 2017 New clients for the Port of Açu retroarea; Volume increase on cargo handling at T-MULT; Growth of the BG/Shell operation at Oil Terminal according to contract; New clientes for the Oil Terminal; Advance of dredging works to increase the draft at the Oil Terminal for up to 25 meters to receive VLCCs vessels Advance on discussions for the development of the Açu Gas Hub; Disbursement of the first Açu Petróleo tranche of debt with OPIC 18