São Paulo, March 28, 2017 - Triunfo Participações e Investimentos S.A. (TPIS3), one of the most active Brazilian companies in the infrastructure sector, announces its 4Q16 results.
Operational and Financial Highlights:
Adjusted Net Revenue reached R$392.5 million on 4Q16 and R$1.5 billion on 12M16, growth of 13.7% in the quarter and 5.6% in the year, mainly due to the performance of the port during the period and the increase in toll revenue. Adjusted EBITDA totaled R$222.7 million in the quarter and R$854.1 million in the year.
Port Segment: Portonave reported net revenue growth of 12.1% in 4Q16 and 12.6% in the year, driven by the growth in TEU handling revenue, resulting from the significant growth in volume handled by the terminal (+25.4% in 4Q16 and +34.0% in the year). In August 2016, Portonave reached the mark of 5 million TEUs handled since its operational startup. The renewal of the lines acquired by the terminal in 2015 underscore Portonave's differentials in terms of productivity and quality of services.
Toll Roads Segment: gross revenue from tolls grew 3.7% in the quarter and 27.2% in the year, mainly due to toll adjustments with real gains in the period and, as an effect of the accrued result, the impact of toll collection at Concebra. The segment’s results were affected by the reduction in construction margin in contractual amendments relating to toll roads; excluding this effect, Adjusted Net Revenue increased 0.5% in the quarter and 27.0% in the year.
Airport Segment: commercial revenue grew 22.3% and 24.6%, respectively, in 4Q16 and 2016, due to the increase in revenue from services and facilities, parking lot and business establishments, all of which were boosted by the transfer of all the flights to the new passenger terminal in April 2016.
Energy Segment: gross revenue from the energy segment stood at R$17.1 million in 4Q16 and R$63.9 million in 2016.