Transportes Aéreos Portugueses, S.A. Tap

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Transportes Aéreos Portugueses, S.A. Tap TRANSPORTES AÉREOS PORTUGUESES, S.A. TAP anuncia divulgação de apresentação corporativa Lisboa, Portugal, 18 de novembro de 2019 — A Transportes Aéreos Portugueses, S.A. (“TAP”) anuncia hoje a disponibilização ao público de Informação Corporativa. Esta informação encontra‐se também disponível no site da TAP na Internet em https://www.tapairportugal.com/pt/sobre-nos/investidores. DISCLAIMER O presente comunicado constitui divulgação de informação privilegiada pela Transportes Aéreos Portugueses, S.A., ao abrigo do Regulamento (UE) 596/2014, de 16 de abril de 2014. O presente comunicado é efetuado por Raffael Guarita Quintas Alves, CFO e representante para as Relações com o Mercado de Capitais e a CMVM, da Transportes Aéreos Portugueses, S.A., às 18 horas (Lisboa) em 18 de novembro de 2019. Nem o conteúdo do website da TAP nem de qualquer outro website acessível através de ligações do website da TAP é incorporado em, ou constitui parte, do presente comunicado. A distribuição deste comunicado em determinadas jurisdições pode ser restringida por lei. As pessoas que acedam a este comunicado devem informar‐se sobre essas restrições e respeitar as mesmas. Qualquer falha em cumprir estas restrições pode constituir uma violação das leis de valores mobiliários de qualquer jurisdição. Nota sobre declarações relativas ao futuro O presente comunicado poderá incluir declarações relativas ao futuro. Estas declarações relativas ao futuro poderão ser identificadas pelo uso de terminologia relativa ao futuro, nomeadamente, os termos como “acredita”, “estima”, antecipa”, “espera”, “tem intenção de”, “irá”, “poderia”, “pode”, “poderá”, ou, em qualquer caso, os seus antónimos, ou outras variações ou expressões semelhantes. Estas declarações relativas ao futuro incluem todas as matérias que não são factos pretéritos e incluem declarações relativas às intenções, convicções ou expectativas atuais da TAP ou das suas afiliadas, designadamente, aquelas que respeitam aos resultados operacionais, situação financeira, liquidez, perspetivas, crescimento, estratégias e setores em que a TAP ou as suas afiliadas operam. Pela sua natureza, as declarações relativas ao futuro envolvem riscos e incertezas porque se relacionam com eventos e dependem de circunstâncias que podem ou não ocorrer no futuro. Os leitores são advertidos de que as declarações relativas ao futuro não são garantias de desempenho futuro e que os resultados reais das operações, condição financeira e liquidez da TAP ou suas afiliadas, e o desenvolvimento das indústrias em que operam, podem diferir materialmente daqueles indicados ou sugeridos pelas declarações relativas ao futuro contidas neste comunicado. Além disso, mesmo que os resultados operacionais, a condição financeira e a liquidez da TAP ou das suas afiliadas e o desenvolvimento das indústrias em que operam sejam consistentes com as declarações relativas ao futuro contidas neste comunicado, esses resultados ou desenvolvimentos podem não ser indicativos de resultados ou desenvolvimentos em períodos subsequentes. Este comunicado contém declarações ou informação relativa ao futuro que está necessariamente sujeita a riscos, incertezas e pressupostos. Todas as declarações relativas ao futuro envolvem riscos e incertezas que podem afetar os resultados atuais do emitente e que podem fazer com que os resultados atuais possam divergir de forma relevante do que consta em qualquer declaração sobre o futuro efetuada pelo ou por conta do emitente. Nenhuma garantia pode ser prestada de que as transações aqui descritas serão efetuadas ou quanto aos termos dessas transações. A TAP não assume qualquer obrigação de atualizar ou corrigir informação contida no presente comunicado. Transportes Aéreos Portugueses, S.A. PRESENTATION OF FINANCIAL AND CERTAIN OTHER INFORMATION Presentation of Financial Information In this presentation, the discussion of our business includes the business of Transportes Aéreos Portugueses, S.A. Unless otherwise indicated or the context otherwise requires, "TAP", "we," "us," "our" or the "Company" refers to Transportes Aéreos Portugueses, S.A. The Company is a wholly owned subsidiary of Transportes Aéreos Portugueses, SGPS, S.A. ("TAP SGPS" or the "Parent"). We do not present in this presentation any information of the Parent. The Parent's consolidated financial information includes also the results of TAPGER – Sociedade de Gestão e Serviços, S.A. ("TAPGER"), Portugália – Companhia Portuguesa de Transportes Aéreos, S.A. ("Portugália"), CateringPor – Catering de Portugal, S.A. ("CateringPor"), Megasis-Sociedade de Serviços e Engenharia Informática, S.A. ("Megasis", merged with the Company on May 2, 2019), UCS – Cuidados Integrados de Saúde ("UCS"), Aeropar, Participações, S.A. ("Aeropar") and TAP-Manutenção e Engenharia Brasil, S.A. ("TAP ME Brasil"), which are not included in the Company's financial statements. Our financial statements as of and for the year ended December 31, 2018 and our unaudited interim financial statements as of and for the nine months ended September 30, 2019 are special purpose financial statements that were prepared in accordance with the International Financial Reporting Standards ("IFRS") as endorsed by the European Union, as issued by the International Accounting Standards Board ("IASB"). Our audited financial statements as of and for each of the years ended December 31, 2017 and 2016 were prepared in accordance with IFRS, as endorsed by the European Union. Our unaudited interim special purpose financial statements as of and for the nine months ended September 30, 2019, our audited special purpose financial statements as of and for the year ended December 31, 2018 and our audited financial statements as of and for each of the years ended December 31, 2017 and 2016 are included in this presentation. Our financial statements are presented in euro. The restated financial information presented in this presentation as of and for the year ended December 31, 2017 has been derived from the audited special purpose financial statements as of and for the year ended December 31, 2018. We have included the December 31, 2017 non-restated, audited annual financial statements in the F-pages to this presentation and included a reconciliation of the restatement from our 2018 annual audited special purpose financial statements in the "Summary Financial and Other Operating Information" but this financial information has not been presented in the "Management's Discussion of Financial Condition and Results of Operations." See "— Restatement of the 2017 Year-End Financial Information" below. Our financial information for the twelve months ended September 30, 2019 has been derived by adding the results of operations for the nine months ended September 30, 2019 to the results of operations for the year ended December 31, 2018 and then subtracting the results of operations for the nine months ended September 30, 2018. The financial information for the twelve months ended September 30, 2019 includes the final three months of the year ended December 31, 2018, wherein IFRS 16 was not yet adopted by us. For purposes of presenting the financial information for the twelve months ended September 30, 2019, we applied IFRS 16 on a consistent basis to the last three months of the year ended December 31, 2018, which required an adjustment to be made to the historical financial information for the three months ended December 31, 2018. The financial information for the twelve months ended September 30, 2019 has been prepared for illustrative purposes only and is not necessarily representative of our results of operations for any future period or our financial condition at any future date and is not prepared in the ordinary course of our financial reporting. The historical audited financial statements for the year ended December 31, 2017 are comparable with the historical audited financial statements for the year ended December 31, 2016. The financial information presented in this presentation should be read in conjunction with our financial statements and the related notes included elsewhere in this presentation and the section of this presentation entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations." ii References in the presentation to the financial information as of and for the year ended December 31, 2017 are to the restated financial information as of and for the year ended December 31, 2017 included in the audited special purpose financial statements as of and for the year ended December 31, 2018 unless otherwise specified. References in the presentation to "U.S. dollar," "U.S. dollars" or "US$" refer to U.S. dollars, the official currency of the United States; references to "euro," "EUR" and "€" are to the single currency of the participating member states of the European Union participating in the third stage of economic and monetary union pursuant to the Treaty on the Functioning of the European Union, as amended or supplemented from time to time; and references to "Brazilian real", "real," "reais" or "R$" refer to the Brazilian real, the official currency of Brazil. Restatement of the 2017 Year-End Financial Information In 2018, our Board of Directors revised the presentation of our income statement. This change, which mostly consists of the breakdown of operating expenses and income and the introduction of non-recurrent items, required a restatement of the 2017 financial year, to ensure proper comparability with the 2018 financial year. As a result, certain financial information
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