1Q13 Results Presentation

1Q13 Earnings Presentation

Forward-Looking Statements

This presentation contains forward-looking statements relating to the prospects of the business, estimates for

operating and financial results, and those related to growth prospects of TPI – Triunfo Participações e

Investimentos S.A. These 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 changes

without previous notice.

The consolidated financial information is presented in proportion to the participation of Triunfo in

each subsidiary. The operational numbers correspond to 100% of the business.

The information includes the performance of the subsidiaries Rio Verde and Rio Canoas.

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Highlights 1Q13

• Traffic: 22.0 million vehicle equivalent units, (+3.2%) in 1Q13 .

• Net operating revenue reaches R$260.2 million (+28.9%) in 1Q13.

• Container handling at Portonave: 152,000 TEUs in 1Q13 (+8.8%).

• Assured energy sales totaled146,500 MWh in 1Q13.

• Cabotage volume in 1Q13 reached 9,200 TEUs.

• Viracopos Airport handled 2.3 million passengers and 55,500 tons of cargo.

• The Net Income in 1Q13 was R$18.2 million (+21.3%) and the dividend calculation base was R$32.8

million (+2.8%) in 1Q13.

• The Adjusted EBITDA totaled R$149.2 million (+35.8%). EBITDA margin in 1Q13 was 57.3%.

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201.9

260.2

1Q12 1Q13

28.9%

Adjusted Net Revenue

Breakdown Net Revenue 1Q13 - (%)

Excluding construction revenue

Net Revenue - (R$ million)

Excluding construction revenue

50%

22%

14%

7%

7%

Toll Roads Port Energy Cabotage Airport

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Toll Roads Segment

1Q13 Results

117.5

129.8

1Q12 1Q13

3.2% 10.4%

Toll Roads Segment – 1Q13

Traffic of Equivalent Vehicles - (million)

Corresponds to 100% of the business

Net Revenue (1) – (R$ million)

Corresponds to the Triunfo Stake in the business

(1) Excluding construction revenue.

21.3

22.0

1Q12 1Q13

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Port Segment

1Q13 Results

48.6

57.7

1Q12 1Q13

139.7

152.0

1Q12 1Q13

8.8% 18.8%

Port Segment – 1Q13

Container Handling - TEUs (‘000)

Corresponds to 100% of the business Net Revenue - (R$ million)

Corresponds to the Triunfo Stake in the

business

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Energy Generation

1Q13 Results

25.3

25.0

12.3

1Q12 1Q13

Other EnergyRevenues (TNE)

Sales Revenue - RioVerde

148.1146.5

1Q12 1Q13

-1.1%

47.7%

Energy Generation – 1Q13

Assured Energy Sold - (‘000 Mwh)

Net Revenue - (R$ million)

37.3

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Cabotage

1Q13 Results

10.5

16.7

1Q12 1Q13

49.1% 58.7%

Cabotage – 1Q13

Container Handling - TEUs (‘000)

Corresponds to 100% of the business.

Net Revenue - (R$ million)

Corresponds to the Triunfo Stake in the business.

6.2

9.2

1Q12 1Q13

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Airport Segment

1Q13 Results

16.6

18.7

1Q12 1Q13

2.1

2.3

1Q12 1Q13

6.6%

-9.3%

Passengers - (million)

Corresponds to 100% of the business.

Cargo - (million)

Corresponds to 100% of the business.

Airport Segment – 1Q13

61.2

55.5

Net Revenue - (R$ million)

Excluding construction revenue

12.7%

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21.8 15.9

38.6 39.1

0.8 0.5

1Q12 1Q13

Other

Import.

Exp.

Consolidated Performance

1Q13 Results

109.9

149.2

1Q12 1Q13

35.8%

Adjusted EBITDA

EBITDA per Segment - (R$ million) Adjusted EBITDA - (R$ million)

Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, adjusted for the Provision for Maintenance – IAS 37 (a non-cash item included in

Operating Costs), non-recurring expenses, minority interest and equity income. To calculate EBITDA margin, we used Adjusted Net Revenue (excluding construction revenue,

which is an accounting effect with no cash impact) as the denominator.

108.2

27.4

25.2 5.9

-13.4 -4.1

149,2

Toll Roads Port Energy Airport Cabotage Parent CompanyEBITDA 1Q13

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Financial Income

(R$ million ) 1Q13 1Q12 D

Financial Income (67.8) (34.1) 98.7%

·       Financial Revenue 3.3 2.7 24.4%

·       Financial Expenses (71.7) (40.1) 78.7%

·       Exchange Rate Variation 0.6 3.3 -82.6%

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Net Income and Dividend Basis

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DIVIDEND BASIS (in R$ million) 1Q13 1Q12 D

Net Income/Loss 18.2 15.0 21.2%

Realization of Revaluation Reserve 7.8 9.9 -21.5%

Realization of Asset Valuation Adjustment 7.8 7.8 0.0%

Creation of Legal Reserve (5%) -0.9 -0.8 21.2%

Dividend Basis 32.8 31.9 2.8%

Net Debt

9.6 x

0.9 x 1.2 x

Energy Toll Roads Port

Leverage of the segments that have strong cash flow

(R$ million)ENERGY

ROAD

SEGMENT

PORT

COMPANYAIRPORT

PARENT

COMPANY

CABOTAGE

SEGMENTTOTAL

2013 16.5 130.0 21.4 - 54.7 43.3 266.02014 48.8 49.6 24.3 11.2 4.5 33.2 171.52015 52.3 72.3 33.9 - 78.9 28.4 265.82016 44.4 89.4 31.5 - 284.8 23.5 473.52017 48.5 15.1 21.8 - 269.5 23.5 378.4

After 2018 542.1 1.4 - - 49.7 6.4 599.7

Gross Debt 752.6 357.8 133.0 11.2 742.0 158.4 2,154.9

Net Debt 732.7 336.5 108.4 (11.3) 732.5 155.8 2,054.8

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Capex

6%

5% 3%

2%

1%

0%

63%

19%

1%

Concer Concepa

Econorte Portonave

Portonaus Cabotagem

Rio Canoas Aeroportos Brasil Viracopos

Parent Company and other investments

Viracopos Construction Update

Rio Canoas Construction Update

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IR Team

Sandro Lima – Investor Relations Officer and CFO

Marcos Pereira Luana Mota Melina Rodrigues Contact: ri@ triunfo.com

+55 11 2169 3999

Rua Olimpíadas, 205 - Conjunto 142/143

Vila Olímpia - São Paulo - CEP 04551-000

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