2. Quarter Highlights
April 23rd we became a member of the select group of 126 companies
which currently trades on the Novo Mercado, with our shares being listed
under the ticker “LCAM3”;
On May 2, Fitch Ratings increased Locamerica’s ratings to A- (bra) which
places the company on a new level of Investment Grade;
Operating Margins soar to historical record in 1Q12;
Net profit increased 47.3% in 1Q12 over 1Q11, to R$7.9 million, with net
margin increasing by 2.0 p.p. to 10.5%;
ROIC LTM increased to 12.4% in the quarter, 1.4 percentage points above
1Q11, while ROE LTM was 16.3% in the period, a robust 9.5 p.p. higher
than the 1Q11 figure.
2
3. Consolidated Revenues
Consolidated Net Revenues – R$ Million
390.7
309.2 118.2
112.4
212.1
64.5
272.5
94.9
196.8 89.7
147.6 26.4 19.8
63.3 75.1
2009 2010 2011 1Q11 1Q12
Net Rental Revenue Used Cars Sales Revenue
3
10. Used Car Sales Net Revenues
Cars Sold¹ Average Selling Price¹
Preço Médio de Venda
22.8
1,582
22.1
1,303 1,342
1,262 21.6
21.4
865 20.9
1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12
¹ Includes Total Loss sold ¹ Includes Total Loss sold
10
16. Debt Profile - 03/31/2012
Debt Amortization Schedule
250.2
159.6 173.0 165.0
2012 2012 2013 2014 Up to 2016
Cash
187.2
156.0
343.2
* Proforma after IPO
16
17. Financial Ratios
Net Debt x Fleet Value
750.5 750.5
711.1
562.7 560.6
523.9
393.4 404.6
381.2
243.9
¹ ¹
2009 2010 2011 1Q12 1Q12 Proforma
Net Debt Fleet Value
1Q12¹
Balance at end of period 2009 2010 2011 1Q12¹
Proforma
Net Debt / Fleet Value 64.0% 69.9% 73.7% 74.7% 53.9%
Net Debt / EBITDA 3.27 3.61 3.37 3.06 2.20
Net Debt / Equity 15.49 2.96 3.92 4.13 2.98
EBITDA / Net financial expenses 1.35 2.42 1.87 2.02 2.02
¹ Annualized
17
18. Thank you!
www.locamerica.com.br/ri
Contact: ri@locamerica.com.br
+55 31 3316.1981
Legal Notice - This release contains forward-looking statements relating to the prospects of the business, estimates for operating and
financial results, and those related to growth prospects of Lojas Renner S.A. and are merely projections and, as such, are based exclusively
on the expectations of the Company’s management concerning the future of the business. Such forward-looking statements depend
substantially on changes in market conditions, the performance of the Brazilian economy, the sector and the international markets, and are
therefore subject to change without prior notice.