São Paulo, December 15, 2016 - Triunfo Participações e Investimentos S.A. (TPIS3), one of the most active Brazilian companies in the infrastructure sector, announces its operational data.
Port Segment: in the first eleven months of 2016, container handling increased 35.4% from the same period in 2015 to reach 835,569 TEUs, mainly driven by the operation of the five lines secured by Portonave in August 2015 and renewed in September 2016.
Moreover, TEU handling was adversely affected in September and October 2015 for 480 hours due to stoppages and restrictions caused by rainfall in the region.
Highways Segment: in the first eleven months of 2016, total paying vehicle equivalents reached 164.8 million (+25.6%), mainly due to the start of toll collection at Concebra on June 27, 2015.
To facilitate identification of the impacts of the economic slowdown on our paying vehicle volumes, we have adjusted YTD volumes in 2016 by: (i) excluding traffic at Concebra; and (ii) excluding the impact of toll exemption for raised axles of empty trucks made by the Company. Adjusted volume in the period came to 89.7 million vehicle equivalents, down 4.7% from the same period in 2015.
Individually, toll road concessionaires registered a decline in vehicle equivalent volume, mainly due to the economic slowdown and the Truck Driver's Law (Federal Law 13,103/2015), which came into force on April 17, 2015, exempting from toll payment the raised axles of empty trucks. The impact of the decline in volume at the concessionaires is offset in revenues through tariff adjustments made to rebalance the agreements. Note that, in September 2015, the exemption was revoked in the state of Paraná, impacting Econorte. Thus, for better comparison, the concessionaire's adjusted amount for 2015 excludes the impact of the exemption.
Airport Segment: in the first eleven months of 2016, 105,300 aircraft carrying over 8.5 million passengers and 153,100 tons of cargo, passed through the Viracopos airport.
The decline in cargo volume reflects the challenging economic scenario in Brazil and foreign exchange volatility. Note that, despite the reduction, the Company is continuing with its strategy of focusing on higher-value cargo, which has lower tonnage but higher revenue, besides focusing on continuously improving services provided to clients by reducing the average customs clearance time and by investing on improvements to infrastructure (expansion of cold storage chambers).
The decline in passengers and aircraft reflects the reduction in capacity offered by airlines in the period.