José Marcos Treiger Investor Relations General Manager
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José Marcos Treiger Investor Relations General Manager Investor Relations in Brazil Growth, Achievements and Challenges IR Magazine Latin America Conference November 8, 2000 Growth in Brazilian ADRs l Over 65 Brazilian ADRs as of September 2000; l 40 New Brazilian ADRs since 1995; l Brazilian ADRs account for 5% of all depositary receipts; l Brazilian ADRs account for 9% of ADR market trading volume; l Of the top 50 Depositary Receipts 6 are from Brazil: •Telebras Holding Company lTelecomunicações de Sao Paulo lEmbratel lTelesp Celular lTele Norte Leste Participações lTele Sudeste Celular Participações Brazilian ADRs on major U.S exchanges Aracruz Celulose Tele Centro Oeste Celular Part S.A. Brasil Telecom Participações S.A. Tele Leste Celular Participações S.A. Companhia Brasileira De Dist.-CBD Tele Nordeste Celular Participações S.A. Companhia de Bebidas Das Americas - AmBev Tele Norte Celular Participações S.A. Companhia Siderurgica Nacional-CSN Tele Norte Leste Participações S.A. Companhia Vale do Rio Doce - CVRD Tele Sudeste Celular Participações S.A. Companhia Paranaense de Energia - Copel Telebras Holding Company Copene Petroquimica Do Nordeste Telecomunicações de São Paulo - Telesp Embraer - Empresa Brasileira De Aeronaútica Telemig Celular Participações S.A. Embratel Participações S.A. Telesp Celular Participações S.A. Gerdau S.A. Ultrapar Participações S.A. Globo Cabo S.A. Unibanco - União De Bancos Brasileiros S.A. Petrobras - Petroleo Brasileiro S.A. Votorantim Celulose e Papel Tele Celular Sul Participações S.A. IBRI, ABRASCA, and ABAMEC: one common goal... Brazilian Association of Public Traded Companies Brazilian Investor Relations Institute Founded in 1971 Founded in June 1997 The interest of the Brazilian Investor Brazilian Association of Investment Community Professional Founded in 1970 Brazilian issuers: challenges and opportunities in the local market Challenges Opportunities l Reach U.S. disclosure l Brazil is the most liquid levels; market in Latin America; l Educate the retail market on the financial markets; l Favorable economic outlook, l Improve corporate translating into greater governance among listed opportunities to raise capital; companies; Brazilian issuers: challenges and opportunities in the U.S. market Challenges Opportunities l Bridge the information gap l One of the most accessible between Brazil and U.S. capital markets in the world; l Deliver an appealing l ADR market is booming and investment story to attracting new investors; investors l Raise profile abroad; l Crowded market with several issuers.