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Tegma has a total of 66,002,915 shares and 48.5% of them are available for trading on the São Paulo Stock Exchange (B3 – Brasil, Bolsa, Balcão), and can be acquired through stockbrokers, according to the market standards.
Before looking for a stockbroker to start trading, we recommended that you study the subject using materials available at the B3 education portal.
Tegma’s shares have the TGMA3 Ticker.
In the Quotes section, we provide tables and graphs with the history of quotes and with Tegma’s online quote (updated every 15 minutes).
Novo Mercado is a listing segment designed for trading shares of companies that voluntarily adopt corporate governance practices in addition to those required by Brazilian law. Being listed in this special segment implies the adoption of a set of corporate rules that expand the rights of shareholders, in addition to the disclosure of policies and the existence of inspection and control structures. Novo Mercado leads companies to the highest standard of corporate governance. Tegma has participated in B3’s Novo Mercado section since its IPO, on July 3, 2007.
Tegma’s controllers consist of three companies (Mopia Participações e Empreendimentos Ltda., Cabana Empreendimentos e Participações Ltda. and Coimex Empreendimentos e Participações Ltda.), which hold 50.6% of the company’s shares.
Other controlling shareholders and treasury shares hold at 0.9%.
The remaining 48.5% consists of shares available for purchase on the stock market, as well as treasury shares and other controlling shareholders.
Read more in the Ownership Structure section of our website.
The risks that Tegma is exposed to are explained in detail in item 4 of our Reference Form.
Itaú account holders can check those reports at www.itau.com.br, in the Checking Account menu> Income Tax Statement> Shareholders’ Income Report
Non-Itaú account holders: individuals can check those reports with total security through Itaú Corretora. Just access www.itaucorretora.com.br, and select the Non-Account Holder tab> I want to enroll, and follow the step by step guide. After creating the login and password and activating the registration, the report will be available in Portfolio> Stock Bookkeeping> Earnings Report.
3003-9285 (capitals and metropolitan regions)
0800 7209285 (other locations).
Service hours are on weekdays from 9am to 6pm.
Tegma’s mandatory dividend is at least 25% of the adjusted net income, in accordance with the Brazilian Corporation Law and its Articles of Organization.
However, in a meeting of the Board of Directors held on February 11, 2010, the adoption of an Indicative Policy for the distribution of dividends of the Company was approved, so that future dividend distributions, including interest on equity, are carried out in the minimum amount equivalent to 50% of net income for the year. The Distribution Policy also establishes two advance payments in August and in November, referring to the results of the first half of each year and the third quarter, respectively. Complementary dividends are proposed in a Management Proposal delivered to the CVM together with the Financial Statements for approval at the Meeting in April of the following year.
In the Dividend History section, we list all dividend and interest on equity payments made by Tegma since the IPO.
Tegma has a 100% tag along, ensuring the protection of minority shareholders in case the company is acquired and carries out a Public Tender Offer.
All notices to shareholders, communications to the market, relevant facts and announcements of Tegma’s results are released simultaneously at CVM and on Tegma’s investor relations website, in addition to being forwarded to all individuals registered in our mailing list (if you wish to receive our press releases, register in the Sign Up to the Mailing List section).
Tegma’s shareholders are served by Itaú Unibanco S.A., by telephone or in person at any of the Bank’s branches, mainly at the following specialized branches:
Brasília: SCS Quadra 3 – Ed. D’Angela, 30 – Bl. A, Sobreloja;
Belo Horizonte: Av. João Pinheiro, 195 – Subsolo;
Curitiba: R. João Negrão, 65 – Sobreloja;
Porto Alegre: R. Sete de Setembro, 1.069 – 3º andar;
Rio de Janeiro: Av. Almirante Barroso, 52- 2º andar;
São Paulo: R. Boa Vista, 176 – 1º Subsolo;
Salvador: Av. Estados Unidos, 50 – 2º andar.
The contact numbers for Banco Itaú service are: (011) 3003-9285, for Capitals and Metropolitan Regions, and 0800 720-9285, for other locations.
Tegma’s history began in 1969, when it was founded by Fernando Schettino and Francisco Creso as Transportadora Sinimbú and was responsible for transporting meat. In 1971, after commercial negotiations, the company began a vehicle transportation operation for the automaker General Motors, from its São Caetano do Sul plant to Rio de Janeiro and Niterói. The expansion of the vehicle transportation business was exponential and with acquisitions and the attraction of new customers became the main business of the company within a short period.
In July 2007, Tegma held its IPO on Bovespa/B3 and became the first company in the segment to open its capital. Read more in our About Us section.
Tegma is a logistics operator that specializes in highly complex operations for industrial sectors that require a strict standard of service quality. We currently focus our operations on two main lines of business, automotive logistics and integrated logistics.
In automotive logistics, we provide transfer and distribution services for brand-new and used vehicles, port transfers, inventory management, vehicle manufacturer yard management and vehicle preparation services for sale.
In integrated logistics, we operate with two distinct operations, that of industrial logistics, operating in all stages, from the receipt of bulk products at ports or parts from suppliers to the supply of production lines. In the warehousing operation, we perform entry planning, handling and sorting, picking, sorting and order preparation and shipping services, all through our warehouses that add up to 27,000 m² in the city of Barueri in São Paulo and in the city of Pavuna, in Rio de Janeiro.
Tegma is directly related to the brand-new vehicle market in Brazil, a cyclical sector that has historically followed Brazilian and global economic performance. In periods of low growth or recession, the sale of new vehicles tends to fall considerably and in times of strong economic growth, sales grow exponentially higher than GDP growth levels.
Tegma is also closely linked to the personal care, glass work and home appliance sectors, since we operate the supply line for these industries. We are exposed to consumer goods sectors, since we store food products and commodities for e-commerce companies.
The Company’s headquarters are located in São Bernardo do Campo, in the suburban ABC region of São Paulo, the birthplace of the automobile industry in Brazil.
In Automotive Logistics, we transport vehicles to approximately 2,900 dealerships across the country, in addition to delivering vehicles produced in Brazil to be exported via ports or to Mercosur countries by road. We have more than 20 yards in 11 different states, located near automakers or at strategic points.
In Integrated Logistics, we concentrate our operations near the bases of our customers, located in the states of São Paulo, Rio de Janeiro and Paraná.
Tegma is primarily a road transport company, except for the waterway route for the transportation of brand-new vehicles between the city of Belém-PA and the city of Manaus-AM and surrounding areas, mainly through the Amazon River. The road between these two cities is not feasible and the water-based route takes 7 days, with an average of 170 vehicles on a single ferry, which we do not own, but rather hire.
Tegma currently has no business abroad.
tegUP is a startup accelerator created in 2017 to be Tegma’s innovation division. A pioneer in this segment, tegUP seeks startups and transformative technology companies that offer products, services and technology related to the universe of logistics, that have high potential for evolution and that need some type of support to accelerate their growth.
Since its creation, tegUp has analyzed over 180 start-ups and made two investments, in Frete Rápido, the first 100% Cloud-based transportation HUB in Latin America, and in Rabbot, a fleet management company.
Click here to learn more about the work done by tegUp as well as its investments.
The vehicle storage service corresponds to the parking of vehicles that leave automakers due to a lack of space inside the factories. The service is performed and charged in terms of time and places used.
The yard management service corresponds to the service we provide for the administration of all vehicles that leave the customer’s factory or that are imported, including vehicles that will not be transported by us. These vehicles are handled by our employees and we are constantly in contact with the automaker in this process.
For automakers, cost rationalization depends on scheduling and synchronized integration of all stages of the production process. For the automakers to produce with the minimum capital employed, it is necessary to have a minimum inventory formation, synchronizing the supply of parts and equipment with the expected flow of demand for new vehicles.
New vehicles are billed in the CIF mode by almost all automakers. Freight and insurance costs are paid by the automakers and are factored into the final cost of the vehicles for dealerships and final consumers.
From the moment a dealership orders a vehicle lot from the automaker, its delivery should take place immediately so as to meet customer expectations. The speed of delivery and the level of damage to the vehicle are two important factors for the success of sales efforts.
Dealerships maintain small inventories of new vehicles. Thus, a large part of this inventory is stored in the yards of automakers or at Tegma. These are mostly rented (17 out of 21). Within the Tegma yards, it is also necessary to inspect and adapt vehicles before delivering them to rental companies and dealerships.
While some of these resellers or rental companies located in the largest urban centers place orders for larger lots and more regularly, which in some cases allows for direct shipments from automakers,
others, located in smaller cities, do so sporadically and in small lots. Delivery speed is still a competitive attribute of equal importance in all cases. Thus, it becomes necessary to consolidate the vehicles of automakers from the same region at Tegma yards.
Consolidation consists of transporting vehicles of different brands in a given route on the same truck, reducing waiting times and the average cost per vehicle.
Vehicle exports are taken to the ports or by road to Mercosur countries.
The mix of company-hired truck drivers (7%) and outsourced drivers (93%) is due to the strategy aimed at reducing the risks associated with fluctuations in demand for services and capturing the gains resulting from the specialization acquired by truck drivers with respect to certain routes.
Due to the fact that we have more than a thousand truck drivers on the roads in Brazil, since 2007 we have a program called Forte, aimed at training, communicating and preventing accidents with our truck drivers.
Until the beginning of the COVID 19 Pandemic, one could notice a trend in large urban centers in the country that pointed to a reduction in the intention to purchase vehicles, especially on the part of young people, due to the use of ride apps like Uber and the increase in car rentals for longer trips. However, outside the big centers, there was still a great interest on the part of people who still depended on public transportation to buy their own vehicle.
After the COVID 19 Pandemic, one could notice an increase in the interest in purchasing a vehicle so that one could depend less on public transportation due to social isolation measures.
The vehicle logistics market share is the percentage market of vehicles that were transported by Tegma. This percentage is obtained by dividing the number of vehicles transported by Tegma by wholesale vehicle sales. All of these data are available in our Historical Series.
Wholesale sales (production + sale of imported vehicles¹ – variation in automaker inventories) is the best representation of our market, which corresponds to sales between automakers/ports and dealerships/exports. In addition, one can calculate the market share by calculating domestic sales + exports.
1 the best indicator would be the number of vehicles imported by Brazil, which is no longer published by the Government, and this made us replace it with the number of imported vehicles sold in the country.
In addition to our institutional presentation, in which we briefly contextualize the logistics sectors in which Tegma operates, specific content on the topic can be found on the websites of ABOL (Brazilian Association of Logistics Operators), ABRALOG (Brazilian Association of Logistics) and ILOS (Institute of Logistics and Supply Chain).
This term refers to the fact that we do not own a good part of the trucks that we use in our operations, due to the fact that the transportation is carried out by partners. Likewise, most of the consolidating yards for vehicle operation and 100% of the warehouses for integrated logistics operations are rented.
This model is known for being adaptable to market expansions and retractions, presenting a high level of resilience in terms of results.
The reason for choosing the asset-light model is due to the high volatility of the new vehicle sales market in Brazil, which has already gone through several crises and, due to the vehicle’s discretionary characteristic, sales usually fall much more than the economic average suggests.
Because of this, the asset light model in which we hire partners to carry out vehicle transportation in return for variable remuneration is a way for the company to protect itself from moments of crisis.
The advantage of the outsourced model is the incentive to our partner freighters – the more they work, the better paid they will be. However, all the rules of the trucker law are being complied with, with the maximum number of hours of work per day, resting hoursand all other requirements to safeguard the quality of work being respected.
Tegma is affiliated with ABOL (Brazilian Association of Logistics Operators) and ABIQUIM (Brazilian Chemical Industry Association).
GDL is a joint venture between Tegma and the company Silotec (50% – 50%) that unified the customs and general storage activities developed by the two companies in Cariacica/ES.
Catlog was a jointly controlled subsidiary of Tegma with Compagnie D’ Affretement et de Transport – CAT, which provided logistics services for the automaker Renault-Nissan and had its operations discontinued in 2015.
Tegma is a logistics company, with great exposure to the automotive market for brand-new vehicles, a market that in turn depends on GD, national income level, credit facility for the segment, consumer confidence, rental companies and, more recently, the dynamics of ride sharing apps (Uber, 99, Cabify). Tegma’s market share in recent years has been between 28.6% and 25.6%, reflecting the stability of the contracts with the automakers that contemplate the regions where we work. The company has a large percentage of its costs linked to the number of vehicles transported, given that most of the trucks we use are outsourced, which makes margins and cash generation resilient to the major fluctuations inherent to the Brazilian automotive market.
Tegma is also responsible for the integrated logistics operation for the management of raw materials for the manufacturing of household and personal cleaning materials, glass work and parts for the production of household appliances.
The company has a capital structure that isn’t very leveraged due to the high cash generation and low investments required to support the growth of its operations.
Tegma has corporate governance, which in addition to encompassing control and planning, entails looking at the Company’s past and future.
The corporate governance structure is composed of: Board of Directors (Six members and two independent [one of them being the chairman]), Fiscal Council, Audit Committee and People, Management and Governance Committee, with one independent member in each. Additionally, there are support areas such as Internal Audit, Compliance and Risk Management.
To find out more about our directors and officers who make up our management, access the Administration section of our website or visit our ESG section.
Yes, the whistleblowing channel can be accessed through the website https://www.canalconfidencial.com.br/tegma/ or through the number 0800 377 8001, from Monday to Friday from 8 am to 8 pm.
At Tegma, we strive to make decisions that minimize our impact on the environment. The most important measures include promoting fleet modernization for more efficient engines and to control equipment smoke emissions, aiming at reducing the emission of pollutants and Greenhouse gases, as well as the implementation of new technologies for truck washing.
If you want to know all of our initiatives, visit our ESG section.
For the shareholder who wishes to vote at our meetings, simply download the remote voting ballot, which is published on our website, and follow the voting instructions.
After extensive internal research, Tegma was bestowed with the Great Place to Work certification, an achievement that reinforces the company’s commitment to promoting a work environment that values our human capital.
We are also members of the Corporate Citizenship Program, as such, we extended the duration of maternity leave for another sixty days and the duration of paternity leave for fifteen days.
Tegma acts as an agent in the socioeconomic development of the communities in which it operates and in several others, supporting initiatives related to social issues, support for the elderly, culture and sports. In 2018 and in 2019, the company carried out 40 actions and donations/support initiatives to institutions aimed at promoting social well-being and improving society’s quality of life.
Get to know all of our initiatives by visiting our ESG section.
Safety is an essential value and an important part of our culture. We share the road with thousands of people across the country each day and we aim to keep these roads as safe as possible for all those who use them. In addition to complying with traffic laws and regulations, Tegma makes its contribution to road safety in a number of ways – clear and fast road information, driver training and providing the appropriate infrastructure for drivers to properly rest.
In 2008, we created the Forte Program, aimed at the development of proper working conditions for our carriers and encompassing a series of actions to improve processes.
Understand more about our life care initiatives in our ESG section.
For press relations, contact:
SW Comunicação e Conteúdo
+55 (11) 99936-7948
Tegma has the following social media profiles:
Since 2018 Tegma has been rated by Fitch. The complete history can be accessed through our Rating section.
Tegma provides the market with the Valuation Guide, a document in which we gather information on how the Company has behaved in the past to assist analysts and investors in carrying out their forecasts.
Tegma’s fiscal year ends on 12/31/2020.
Tegma discloses its results quarterly, you can access the complete calendar in our Calendar of Events section.
Tegma is covered by several investment banks and analysis firms. All target prices and estimates can be found in the Analyst Coverage section of our website.
Tegma, like other Brazilian companies, follows the regulation established through the Accounting Pronouncements Committee – CPC, through the Brazilian Accounting Standards – NBC, which, in turn, follow the standards contained in the IFRS.