Investor Presentaiton
24
和 Income Statement data breakdown, excluding results
from divested operations (1)
Reported Divested
Adj. Results
(R$ million)
Results
Operations
(R$ million) (% Net Rev.)
2014
Net Revenues
1,294
(88) (a)
1,206
100%
Op. Costs and Expenses
833
(78)
(b)
755
63%
SG&A
266
(7)
(c)
259
21%
Adj. EBITDA
194
(3)
(d)
191
16%
2015
Net Revenues
1,339
(50)
(e)
1,289
100%
Op. Costs and Expenses
853
(30)
(f)
822
64%
SG&A
150
(7)
(g)
144
11%
Adj. EBITDA
336
(13)
(d)
323
25%
2016
Net Revenues
1,393
Op. Costs and Expenses
SG&A
848
Adj. EBITDA
156
389
1,393
100%
848
61%
156
11%
389
28%
(1)
a)
b)
c)
d)
e)
f)
g)
Divested operations is a non-IFRS financial measure and is not representative on Estre's discontinued operations as defined by IFRS and as will be reflected in Estre's financial statements. For
additional information regarding Estre's divested operations.
Reflects (i) R$24 million of net revenues from Estrans landfill in Buenos Aires, Argentina following the sale of Estre's investment in this entity in December 2015; (ii) R$54 million of net revenues from
sub-scale collection contracts (Azaleia) following Estre's sale of these contracts back to the original seller in May 2015; and (iii) R$10 million of net revenues derived from residual Estre contracts with
Petrobras related to Estre O&G operations, following Estre's divestment of this entity in September 2014.
Reflects (i) R$12 million of operating costs from Estrans landfill in Buenos Aires, Argentina following the sale of Estre's investment in this entity in December 2015; (ii) R$46 million of operating costs
from sub-scale collection contracts (Azaleia) following Estre's sale of these contracts back to the original seller in May 2015; and (iii) R$20 million of operating costs derived from residual Estre
contracts with Petrobras related to Estre O&G operations, following Estre's divestment of this entity in September 2014.
Reflects (i) R$3 million of SG&A from Estrans landfill in Buenos Aires, Argentina, following the sale of Estre's investment in this entity in December 2015; (ii) R$3 million of SG&A from sub-scale
collection contracts (Azaleia) following Estre's sale of these contracts back to the original seller in May 2015; and (iii) R$2 million of SG&A derived from residual Estre contracts with Petrobras related
to Estre O&G operations, following Estre's divestment of this entity in September 2014.
Adjusted EBITDA is a non-IFRS financial measure. For a reconciliation of Estre's Adjusted EBITDA to net income (loss), see slide 24 of this Appendix. For purposes of showing the effects of divested
operations on Estre's Adjusted EBITDA, for each period, Estre deducts from adjusted EBITDA the sum of net revenues from divested operations plus operating costs from divested operations plus
selling, general and administrative expenses from divested operations, as is shown on the table above.
Reflects (i) R$34 million of net revenues from Estrans landfill in Buenos Aires, Argentina, following the sale of Estre's investment in this entity in December 2015; and (ii) R$11 million of net revenues
from sub-scale collection contracts (Azaleia) following Estre's sale of these contracts back to the original seller in May 2015 and (iii) R$5 million of net revenues derived from residual Estre contracts
with Petrobras related to Estre O&G operations, following Estre's divestment of this entity in September 2014.
Reflects (i) R$15 million in operating costs from Estrans landfill in Buenos Aires, Argentina, following the sale of Estre's investment in this entity in December 2015; and (ii) R$9 million in operating
costs from sub-scale collection contracts (Azaleia) following Estre's sale of these contracts back to the original seller in May 2015 and (iii) R$6 million of operating cost derived from residual Estre
contracts with Petrobras related to Estre O&G operations, following Estre's divestment of this entity in September 2014.
Reflects (i) R$5 million in SG&A from Estrans landfill in Buenos Aires, Argentina, following the sale of Estre's investment in this entity in December 2015; and (ii) R$1 million in SG&A from sub-scale
collection contracts (Azaleia) following Estre's sale of these contracts back to the original seller in May 2015 and (iii) R$1 million in SG&A derived from residual Estre contracts with Petrobras related
to Estre O&G operations, following Estre's divestment of this entity in September 2014.
estre
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