Investor Presentaiton
Results
(GRI Standards 201-1)
Net Financial Results
The 2019 Net Financial Result was negatively affected
by expenses updated to present value (AVP) related
to the GRU Airport Fixed Grant, adjusted by the
IPCA. This was also impacted by the increase in the
monetary variation of the debt indexed to the IPCA,
and by higher commissions, mainly related to the
structuring of the General Debenture Holders of the
subsidiaries Cart and Metrôbarra; and the respective
waiver fee payment to debenture holders, added to
the discount of the 5th debentures issue of Invepar.
This result partially offset the higher cash
scenario, which increased the profitability of
financial investments. At the end of 2019, the
GRU AVP represented approximately 50% of
the Company Net Financial Expenses.
Financial Revenue
GRU Airport, voted the fourth most
efficient airport in the world
Contents
Message from the CEO
Message from the Board
Covid-19
About this Report
Invepar
Invepar Management
Economic and
Financial Performance
Invepar Performance
Revenues
Costs and Expenses
EBITDA
Results
Cash Flow and
Indebtedness
Other Topics
Investments and
Divestments
Credits
Financial Income (R$ Millions)
2018
Financial Income
(1,392.6)
2019
(1,784.2)
28.1%
GRI Index
252.5
503.6
99.5%
Interest
118.6
132.7
12.0%
Foreign exchange and monetary variations
Hedging operations
15.2
13.8
-9.3%
118.7
357.1
n.m
Financial Expenditure
(1,645.1)
(2,287.8)
39.1%
GRU Concession PV Restatement
Interest
(757.7)
(887.0)
17.1%
(752.3)
(732.9)
-2.6%
Foreign exchange and monetary variations
Hedging operations
(21.8)
(79.5) 265.9%
(100.1)
(461.6) 361.5%
Other
(13.2)
(126.8) 867.9%
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2019 AR inveparView entire presentation