Tegma´s Q2 2018 results

Tegma Gestao Logistica S.A., one of the largest logistic providers in Brazil and the leader in logistics for brand new vehicles in Brazil, hereby presents its Q2 2018 results.

Highlights:

• Tegma transported 193,900 vehicles in 2Q18, a 5.8% growth vs 2Q17 driven by solid domestic sales growth.
• 2Q18 Tegma’s net revenue growth was driven by the improvement of quantity of vehicles transported and by average distance growth.
• Tegma’s EBITDA in 2Q18 was R$ 45.1 million, driven by the revenues increase and by costs and expenses control.
• 2Q18 Tegma’s net income was R$ 28.2 million, an improvement vs 2Q17 due to revenue growth, cost and expense control and reduction of debt cost.
• 2Q18 free cash flow was R$ 8.1 million, influenced by better results, by higher working capital consumption and by extemporary tax credits usage.
• The company’s net debt on June 30th, 2018 was R$ 57.4 million (0.4 x EBITDA of the last 12 months).
• Tegma 2Q18 ROIC was 28.4%.