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Legal Notices

Triunfo's investor relations website includes forward-looking statements that are subject to risks and uncertainties. These statements are based on the beliefs and assumptions of its management, and on information currently available to the Company. Forward-looking statements include statements regarding Triunfo's intent, belief or current expectations or that of its directors or executive officers with respect to, but not limited to:

  • general economic, political, demographic and business conditions in Brazil;
  • inflation, appreciation or depreciation of the real and fluctuations in interest rates;
  • Triunfo success in implementing its business strategies, including obtaining new highway concessions, acquiring interests in new highway concessions or increased interests in Triunfo's existing highway concessions and initiating its activities in its port and electricity generation businesses in an efficient manner and in accordance with the costs, investments and schedule that the Company currently anticipate for those businesses;
  • Triunfo's ability to compete successfully, without causing material changes in its current and future margins;
  • seasonal effects on Triunfo's businesses;
  • Triunfo's ability to repay its indebtedness, comply with its financial obligations and obtain funding when necessary at reasonable conditions;
  • Triunfo's ability to comply with the obligations under its concession, participation and authorization agreements entered into with or issued by Brazilian authorities;
  • early termination of Triunfo's highway or power generation concessions, or of itsr Portonave authorization, by Brazilian authorities;
  • the adoption of certain governmental measures related to the maintenance of the highway concession program;
  • decreases in traffic on Triunfo's highways and increases in fuel prices;
  • changes in the demand for container transportation and in the international prices charged by container terminal operators;
  • changes in customer demand for electricity;
  • uncertainties related to eventual costs, expenses and liabilities in connection with environmental rules and legislation;
  • other factors that may adversely affect Triunfo's financial condition, cash flow and results of operations, including without limitation other risk factors set forth in section Risk Factors; and
  • other statements contained in this website regarding matters that are not historical facts.

Investors should understand that the above-mentioned factors, in addition to others discussed in this investor relations website, among others, could affect Triunfo's future results and could cause results to differ materially from those expressed in the forward-looking statements made in this website or files herein posted.

Forward-looking statements also include information concerning the Company's possible or assumed future results of operations set forth under several sections in this investor relations website, as well as statements preceded by, followed by, or that include the words ''believes,'' ''may,'' ''continues,'' ''expects,'' ''anticipates,'' ''intends,'' ''plans,'' ''estimates'' or similar expressions.

Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur. Triunfo's future business, financial condition, results of operations, prospects, strategies, market share and shareholder values may differ materially from those expressed in or suggested by these forward-looking statements. Many of the factors that will determine these results and values are beyond the Company's ability to control or predict.

Investors are cautioned not to put undue reliance on any forward-looking statements.

Private Policy

Triunfo's Privacy Policy was created to reaffirm its commitment to the safety and privacy of information collected from the users of Triunfo's interactive services. You may visit this website and get acquainted with the services the Company offers, read reports, obtain news and information without having to provide any personal information. However, should such be the case, this policy purposes to clarify how the Company collects and handles your personal data. Since this policy is subject to occasional updating, Triunfo advises it be regularly consulted.

1. Any information provided by the users shall be collected and stored according to strict security and reliability patterns.

2. Personal data provided by the users shall be collected through ethical and legal means. Such collection may have one or more targets about which users shall be informed.

3. Users shall be advised that their data is being collected and they may choose whether they want to provide it or not, they will be further advised about the consequences of their decision.

4. Unless a legal or judicial order is issued, information provided by users shall never be disclosed to third parties or used for purposes other than those for which it was collected.

5. Access to collected information will be restricted to employees authorized to adequately use such data. Employees that unduly use such information, infringing Triunfo's Privacy Policy, shall be subject to the penalties provided by its discipline procedure.

6. Triunfo shall maintain the integrity of the information provided through this website.

7. This website contains links or frames for other sites, which may or may not be Triunfo partners and allies. These links and frames are available merely in the hopes of providing yet another benefit to the users of this website. Note that including these links and frames does not mean that Triunfo has full knowledge, agreement, or responsibility for those frames and links or for their respective content. Therefore, Triunfo can not be held responsible for any type of damage caused by the use of the referred links and frames.

8. Triunfo requires´ any third parties hired to perform support services to adhere to its privacy standards.

9. If it is necessary, the Company may use "cookies"(*) to confirm your ID, personalize your access and to check the use of Triunfo's website aiming at improving its navigating and functioning conditions.

10. Other important information on the terms and conditions of use of this site is available on Terms and Conditions.

(*) Cookie: small archive put into your PC to keep track of moves within the websites, such as visits to homepages and advertisements.

Terms and Conditions

Navigation and public searching of this website are subject to the Terms and Conditions below:

Guarantees, Responsibilities and Damages


1. Triunfo does not guarantee that the contents, instruments and materials contained, utilized and offered in this website are exactly up-to-date or complete and does not accept responsibility for damages caused by eventual errors of content or shortcomings of equipment.

2. The Company does not accept express or tacit responsibility for the improper use of the information, instruments or materials made available and/or of the equipment used for this website, for whatever purpose made by any user, who has entire responsibility for eventual harm done to their own rights or of third parties, whether or not caused by this improper use.

3. Under no circumstances, will Triunfo, its directors, executive officers or employees be held responsible for any direct or indirect, special, incidental or consequential losses or expenses arising out of the connection with this website or use on its part or incapacity of use by anyone, or with regard to any shortcoming in performance, error, omission, interruption, defect or delay in operation or transmission, computer virus or breakdown of line or of the system, even if the Company or its representatives have been advised of the possibility of such damages, losses or expenses.

4. The adequate provisioning of all the resources of the Internet, without exception, is the entire responsibility of the user of this website.

5. Triunfo does not accept responsibility for the contents of other websites (a) whose addresses are available on the pages of this website or (b) the address of whose website is available to them. The Company does not guarantee the compensation of any damage caused by the websites mentioned in this item.

6. With regard to the exchange of messages between the user and Triunfo through the Internet, please consult its Privacy Policy.

7. An investment in securities involves a high degree of risk. Please review the Company's Risk Factors.

Confidential Nature of the User´s Information


Triunfo reserves the right to improve the functioning of this website because of the analysis and consolidating of the information and suggestions collected and of the opportunities of these for all of the users of the website. For further advice on the use of information collected at this website, please consult its Privacy Policy.

Author´s Copyrights and Intellectual Property


Unless there is any regulation to the contrary, all the contents of the pages of this website, such as information, materials, tools, paging, graphs and drawings belong to Triunfo or to third parties, who have legally ceded their rights of usage.

Comments on EBITDA


From time to time, Triunfo discloses so-called non-GAAP financial measures, primarily EBITDA and Adjusted EBITDA. EBITDA means income before net financial expenses, income and social contribution taxes, depreciation and amortization. Adjusted EBITDA is the EBITDA plus the non operating result and the minority interest. EBITDA and Adjusted EBITDA are not Brazilian or the U.S. GAAP measurements, do not represent cash flows for the periods presented and should not be considered alternatives to net income as indicators of Triunfo's operating performance or as alternatives to cash flows as indicators of liquidity. EBITDA and Adjusted EBITDA do not have a standardized meaning and Triunfo's definition of them may not be comparable to EBITDA and Adjusted EBITDA as used by other companies.

Although the EBITDA and Adjusted EBITDA do not provide, according to the Brazilian Accounting Principles (BR GAAP) or the U.S. Accounting Principles (US GAAP), measures of the operational cash flows, Triunfo management uses EBITDA and Adjusted EBITDA to measure its operating performance. Additionally, the Company management believes that disclosure of EBITDA and Adjusted EBITDA can provide useful information to investors, financial analysts and the public in their review of the Company's operating performance and their comparison to the operating performance of other companies in the same industry and other industries.

Note: Having accessed this website and some of its pages, the user will have automatically accepted all the Terms and Conditions described herein. Therefore, please cease the navigation and public searching of the pages of this website in the event you do not agree with all of the above Terms and Conditions.
23 July 2007