Investor Presentaiton
(1)
(2)
(3)
(4)
10
(5)
Summary Financials, excluding results from divested operations (1)
Despite over three years of economic crisis in Brazil, Estre has continued to deliver strong performance
Revenue(2)
(R$ million)
Adj. EBITDA (2)(3)
(R$ million)
7%
1,393 1,485
1,206
1,289
30%
420
389
323
28%
28%
191
25%
16%
2014
2015
2016
2017E
2014
2015
2016
2017E
US$ 378
404
437
466
US$ 60
101
122
132
Adj. CAPEX(2)(4)
(R$ million)
Adj. EBITDA - Adj. CAPEX(2)(3)(4)(5)
(R$ million)
120
306
114
269
247
88
76
9%
7%
8%
103
6%
19%
19%
21%
9%
2014
US$
28
2015
24
2016
38
2017E
36
2014
2015
2016
2017E
US$
32
77
85
96
Metrics exclude the effects of the following divested operations: (i) residual Estre contracts with Petrobras related to Estre O&G operations, following the spin-off of this entity to Estre's founding
shareholder in September 2014, (ii) sub-scale collections operations (Azaleia) following the sale of these contracts back to the original seller in May 2015, and (iii) Estrans landfill in Argentina
following the sale of Estre's interest in this entity in December 2015. Estre's and Boulevard's management believe such presentation facilitates greater comparability between periods by isolating
Estre's ongoing operations. Divested operations is a non-IFRS financial measure and is not representative of 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, see the Appendix hereto.
% on the charts are % of net revenues; figures below the bars are US$, presented using an exchange rate of R$3.19 to US$1.00.
Adjusted EBITDA is a non-IFRS measure. For a reconciliation of Estre's Adjusted EBITDA to net income (loss), see the Appendix hereto.
Adjusted CAPEX is a non-IFRS measure reflecting certain accounting adjustments to exclude the effects of expenditures that were not related to the acquisition of durable capital goods, such as costs
associated with internal assessments of controls, software and technology expenditures to improve internal controls systems, and non-cash accounting adjustments to property, plant and equipment.
Adj. EBITDA - Adj. CAPEX is a non-IFRS financial measure.
estre
LODES COMEÇOView entire presentation