2Q12 RESULTS
May 16, 2015
2 Q 1 2 R E S U LT S
Highlights 2Q12
• Portfolio Net Revenues reached R$ 409 million in 2Q12, an increase of 37,4% compared to the same trimester of last year;
• Portfolio EBITDA reached R$ 12,3 million, representing an increase of 3,4% compared to 2Q11;
• The EBITDA margin fell by 1,0% compared to 2Q11, impacted by Padtec’s results;
• Portfolio Net Income before Divestments remained stable at R$ 220 thousand compared to 2Q11.
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Portfolio Results 2Q11 2Q12 ∆ 1S11 1S12 ∆
Net Revenues 297.826 409.293 37,4% 582.960 776.452 33,2%
EBITDA 11.928 12.338 3,4% 19.748 20.478 3,7%
% EBITDA margin 4,0% 3,0% 3,4% 2,6%
Net Income before Disinvestments 968 220 -77,3% (1.745) (2.347) 34,5%
(+) Disinvestments 526 5.770 996,5% 7.285 5.770 -20,8%
Net Income after Disinvestments 1.494 5.990 300,8% 5.541 3.423 -38,2%
Divestments
• Ideiasnet sold 100% of its stake in Softcorp to Techresult based on an enterprise value of R$ 15 million;
• Ideiasnet sold 4,1% of its 5,0% stake in Spring Wireless to Industry Ventures, based on an enterprise value of R$ 329 million.
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Officer
• Net Revenues increased by 51,6%, EBITDA grew by 36,1% and Net Income increased by 63,3%;
• EBITDA margin of 3,5% in 2Q12;
• Launch of the iPad in Brazil with an 67% increase in Apple product sales in 2Q12; Xbox sales continue strong especially among retailers; closing of Microsoft’s fiscal year in June; Samsung’s new line of mobile products, including the Galaxy III
• Excellent regional performance in the south of Brazil; intention to set up distribution operations in Paraná;
• Launched a debenture of R$ 50 million, with a five year tenor and a coupon of 119,5% of CDI.
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Officer 2Q11 2Q12 ∆ 1S11 1S12 ∆
Net Revenues 245.969 372.872 51,6% 482.943 690.976 43,1%
EBITDA 9.664 13.149 36,1% 18.104 24.297 34,2%
% EBITDA margin 3,9% 3,5% 3,7% 3,5%
Net Income 1.908 3.116 63,3% 4.094 6.412 56,6%
Padtec
• Net Revenues increased 11,5%; EBITDA and Net Income are negative at R$ 778 thousand and R$ 2,0 million, respectively;
• Investments by telecom companies was impacted by the delay in the implementation of new regulations (tax exemption), devaluation of the Real and slowdown in the economy;
• Maintained its investments in the development of new products and solutions;
• Was awarded a R$ 68 million contract by Telebrás to construct a high speed network interconnecting the 12 cities that will be hosting the sporting events (World Cup & Olympics);
• 4G bandwidth auction and new investment commitments by telecom operators to improve quality of service generate a positive perspective for 2S12.
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Padtec 2Q11 2Q12 ∆ 1S11 1S12 ∆
Net Revenues 44.420 49.546 11,5% 99.184 97.436 -1,8%
EBITDA 4.800 (778) n.a. 14.012 (1.051) n.a.
% EBITDA margin 10,8% -1,6% 14,1% -1,1%
Net Income 3.393 (2.038) n.a. 9.861 (2.947) n.a.
EAX (CiaShop, MoIP, Zura!) & iMusica
EAX
• 1S12 impacted by the restructuring of MoIP’s client base and the delay in the launch of new products;
• Operational optimization at CiaShop with a new commercial team and the stabilization of new products are resulting in a solid pipeline;
• Zura! is growing steadily and preparing itself for the upcoming growth of the holiday season.
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IMUSICA
• Growth of 83% in the adoption of ring back tones by Brazilian users;
• Launched a pilot of the streaming platform "Ideasmusik" in Mexico, Brazil and Colombia, an increase of 88% in the number of users;
• Launch of established artists on iTunes, brand promotions and “branded streaming" on Sony’s FanPage on Facebook.
Pini & Automatos
PINI
• Negative sector outlook with decrease in new construction, elevated real estate inventory, and decrease in sales of construction materials;
• Implemented a cost reduction plan in order to recuperate results;
• New projects, especially in the media segment, start to yield results in 2T12.
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AUTOMATOS
• Generating positive results after the financial restructuring initiated in 2011;
• New sales structure with focus on distribution channels and partnerships;
• Finalized consolidating its bank debt, with longer tenors and at lower interest rates.
TecTotal, Bolsa de Mulher
TECTOTAL
• Growth in the main two segments of the company: big retailers and telecom operators;
• EBITDA margin reached 12,5% as a results of cost cutting measures and operational growth.
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BOLSA DE MULHER
• Completed the consolidation of offices in São Paulo and implemented a cost reduction plan;
• New publicity partnership with Terra, geared to go live in August; “Bolsa de Bebê” portal relaunched with significant product improvements.
• Audience number stabilizes at 8 million Unique Visitors.
Disclaimer
Esta apresentação poderá conter certas projeções e tendências que não são resultados financeiros realizados, nem informação histórica.
Estas projeções e tendências estão sujeitas a riscos e incertezas, sendo que os resultados futuros poderão diferir materialmente daqueles projetados. Muitos destes riscos e incertezas relacionam-se a fatores que estão além da capacidade da Ideiasnet em controlar ou estimar, como as condições de mercado, as flutuações de moeda, o comportamento de outros participantes do mercado, as ações de órgãos reguladores, a habilidade da companhia de continuar a obter financiamentos, as mudanças no contexto político e social em que a Ideiasnet opera ou em tendências ou condições econômicas, incluindo-se as flutuações de inflação e as alterações na confiança do consumidor, em bases global, nacional ou regional.
Os leitores são advertidos a não confiarem plenamente nestas projeções e tendências. A Ideiasnet não tem obrigação de publicar qualquer revisão destas projeções e tendências que devam refletir novos eventos ou circunstâncias após a realização desta apresentação.
For more information, please contact the Investors Relations team:
Sami Haddad
Carlos Eduardo Gadelha
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Ideiasnet S.A.Rua Visconde de Pirajá, 572 - 4º andar
Ipanema | Rio de Janeiro | Brasil | 22410-002Tel: (21) 3206-9200 | Fax: (21) 3206-9201