DOCSLIB.ORG

NYSE Presentation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NYSE Presentation LISTING ON THE NEW YORK STOCK EXCHANGE U.S CAPITAL MARKETS 2020 RECAP Quarterly U.S. IPO Issuance Major U.S. Equity Indices $70.0 180 200% Current Last Week YTD 2019 $60.0 160 Dow Jones 29,480 4.1% 3.3% 21.9% 140 150% $50.0 S&P 500 3,585 2.2% 11.0% 18.9% S&P 500 120 NASDAQ 11,829 -0.6% 31.8% 31.5% 100% $40.0 100 Dow Jones Proceeds 80 # 50% $30.0 Nasdaq 60 IPOs of # $20.0 0% ($B) IPOProceeds 40 $10.0 20 -50% $0.0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 IPOs by Sector (#) IPOs Currently Trading Above Issue 6% 10% 1% Technology 1% Energy Real Estate 29% Industrials Above 23% Below Healthcare 51% 71% Financials SPAC Utilities 7% 2 Source: IHS Markit as of 11/13/20. Excludes IPOs <$40M THE CENTER OF GLOBAL CAPITAL MARKETS KEY BENEFITS: $11.7 Trillion Profile & Prestige $5.6 Trillion Access to Liquidity Access to Institutional Investors $29 Trillion Acquisition Currency $2.9 Trillion Research Coverage Peer Group Comparability $4.5 Trillion $3.8 Trillion Simplified Listing Standards 3 02 GROW AND ENGAGE A NEW COMMUNITY A GLOBAL NETWORK UNMATCHED IN SIZE & SCALE CANADA 93% $1.2T UNITED STATES EMEA 56% 79% $17T $3.2T ASIA/PACIFIC 85% LATIN AMERICA, $2.3T BERMUDA, & THE CARIBBEANMEDIAN MARKET CAP ON79% NASDAQ $523b 4 Source: FactSet; Percentages are based on % of total market value of listed companies from each by world region as of 6/30/2020 NYSE Group vs. Nasdaq HOME TO COMPLEX TRANSACTIONS SUPPORTED BY A SUPERIOR MARKET MODEL Spotify Lists via a NYSE Direct Floor Listing Dell Technologies Returns to Public Markets Takeda Pharmaceuticals Acquires Shire In April of 2018, Spotify went public via an unique method In December of 2018, Dell returned to the public markets by In January of 2019, Takeda Pharmaceuticals completed its known as a Direct Floor Listing. Spotify was the first company purchasing its VMWare tracking stock in a deal valued over acquisition of Shire plc and concurrently listed in the U.S. for in the U.S. to do so and was the 6th largest opening trade in the $20 billion. the first time. The $62 billion acquisition reshaped the global history of the NYSE. pharmaceutical landscape. Suzano Acquires Fibria Linde Acquires Praxair Natura Acquires Avon Suzano’s (listed on Brazil’s B3) acquisition of Fibria (NYSE listed) Linde’s (listed on Germany DBX) acquisition of Praxair (NYSE Natura’s (listed on Brazil’s B3) acquisition of Avon (NYSE listed) in 2019 resulting in Suzano’s listing on the NYSE (NYSE: SUZ). listed) in 2018 resulting in Linde Plc been listed on the NYSE in early 2020 resulting in Natura & Co. Holdings NYSE listing Suzano is the largest pulp and paper company in the world with (NYSE: LIN). Linde Plc is the largest industrial gas supplier in the (NYSE: NTCO). Natura is a multinational cosmetics, hygiene and a market capitalization $12B. world, with operations in over 100 countries and a market beauty company with a market capitalization of $11B. capitalization of $122B. 5 ACCESS TO CAPITAL MARKETS NYSE LISTING OPTIONS Traditional IPO Direct Listing SPAC QUOTATION Examples SPACs are formed for the purpose of In a Direct Listing, full liquidity of raising capital through an IPO and A quotation is when a company A “traditional IPO” is the process the market values a company on using those funds to acquire an that is already publicly traded through which most companies day one without temporary operating business. SPACs bring lists their shares on an historically have gone public. A constraints — no reduced together experienced management exchange, often resulting in a private company works with allocations or required lockup Description teams, private equity sponsors or dual-listing. This helps a underwriters to issues its stocks periods. This uninhibited price other financing experts who can company raise greater capital in the form of a new offering to discovery reduces the cost of leverage their expertise to raise and makes its shares more the public. capital and democratizes access capital to acquire, then operate, a liquid. and opportunity for all investors. new public company. Prior Public Trading Market None None None Yes Capital Raise Yes No* Yes Occasionally 6 *NYSE currently has a rule change filed with the SEC to allow for a Direct Listing with a Capital Raise, Issuer Direct Offeri ng (IDO) THE NYSE DIFFERENCE Stocks trade best when human oversight and accountability are integrated with world class technology 1. ACCOUNTABILITY In addition to the traditional competitive market maker model, the Designated Market Maker model establishes unique obligations and accountability. DMMs are required to protect investors and support issuers by ensuring consistent trading conditions, committing capital, and 2. HUMAN OVERSIGHT conducting the open and closing auctions. An active trading floor has the ability to manage complex transactions, navigate special situations, help lessen volatility and create outsized liquidity events 3. TECHNOLOGY exchange platform means industry-leading response times, more precise trading and lower risk for market participants. 7 BETTER TRADING HAPPENS ON THE NYSE Day One Corporate Actions Times of Stress Better Trading On Day One Follow-On Offerings Tighter Spreads and Fewer Halts 1,400 1,348 80 4 250 82 235 236 1,200 70 3.5 200 60 3 1,000 1.5 849 50 2.5 800 150 40 2 600 3.7 100 30 33 1.5 400 60 20 1 2.2 50 200 10 0.5 21 0 0 0 0 Volatility (bps) Quoted Spreads (bps) NYSE NDAQ Quoted Spreads LULD Halts NYSE Nasdaq NYSE Nasdaq Cost per $100M Savings NYSE Nasdaq 37% less volatility and tighter spreads means Cost savings on corporate actions employee and investor confidence on day one (follow-on offerings, share repurchases) continued access to trading during volatility when the whole world is watching lowers your cost of capital and market events Volatility is measured as (high price low price)/midpoint on the day of IPO (all IPOs in 2019, excluding CEFs); Assumes $100M offering; Represents all secondary offerings in 2019 of $100M or more; Limit-Up Limit-Down halts on NYSE/Nasdaq from 9:30am to 9:35am 2/20/20 - 3/20/20 8 BETTER TRADING ACROSS ALL STOCKS All Stocks All Sectors 246 Quoted Spreads 191 191 Quoted Spreads Daily Volatility 179 180 164 200 450 136 131 124 423 106 180 172 400 38 39 41 48 34 32 48 31 27 26 160 350 140 300 Basic 265 Utilities Goods Materials Oil & Gas Oil Services 120 Financials Consumer Consumer Industrials nications Telecommu Health Care Health 250 Technology 100 Daily Volatility 200 80 579 527 150 437 60 419 429 394 391 361 370 304 39 295 278 310 289 270 40 100 246 257 228 192 207 20 50 0 0 NYSE Nasdaq NYSE Nasdaq Basic Utilities Goods Materials Oil & Gas Oil Services Financials Consumer Consumer Industrials nications Telecommu Health Care Health Technology NYSE NASDAQ Source: NYSE Maqs Time Period: 1/1/2019 - 12/31/2019 9 Volatility: (High Low) / Midpoint A COMMUNITY FUELED BY DISRUPTION 70% OF TECH IPO PROCEEDS 10 Represents IPO proceeds raised by technology companies from 2014-2020YTD; NYSE-qualified IPOs only. Source: NYSE Research THE BENEFITS OF MEMBERSHIP THE NYSE COMMUNITY Our job, every day, is to help make connections, facilitate conversations, lead original thinking and create a dynamic and engaged community. ADVOCACY + LEADERSHIP THOUGHT LEADERSHIP + STRATEGIC EVENTS + COUNCILS CONTENT NETWORKING Surface relevant industry developments Leverage our audience and influence to Make invaluable connections and create and goals, actively lobby on your behalf. advance your initiatives with content and relationships that will last a lifetime. thought leadership. 11 THE BENEFITS OF MEMBERSHIP ESG EXPERTISE NYSE ESG RESOURCE CENTER NYSE provides resources and platforms for dialogue between issuers and investors to help create more sustainable companies that deliver long-term benefits for all stakeholders. • Content library including blogs, interviews with thought leaders, videos and much more • Educational resources around disclosures and reporting, including a disclosure guidance library • Global visibility for ESG initiatives • Active engagement with buy-side investors 12 THE BENEFITS OF MEMBERSHIP BOARD ADVISORY COUNCIL Comprised of 25 Member CEOs, the NYSE Board Advisory Council proactively addresses the need for inclusive leadership by connecting diverse candidates with companies seeking new directors. 13 INFLUENCE IN OUR COMMUNITY #1 IN SOCIAL MEDIA #1 Exchange on social media by reach and engagement 3M+ Followers across NYSE social media channels 14 INFLUENCE BEYOND OUR COMMUNITY GLOBAL MEDIA PLATFORM UNITED STATES CANADA UNITED KINGDOM EUROPE CHINA • CNN INTERNATIONAL • BLOOMBERG TV • BBN • AP TV NEWS • CCTV GERMANY • CBS MONEY WATCH • KITCO • BBC • CHINA BUSINESS NEWS • DEUTSCHE WELLE • CHEDDAR • REUTERS TV • JIN 10 • N-TV • CGTV • PHOENIX TV SWITZERLAND • CNBC • SINA • SFR • CNN, CNN EN ESPANOL • SINOVISION SPAIN • FOX BUSINESS CENTRAL & SOUTH AMERICA • SINO TV • EL ECONOMISTA • LILAMAX ARGENTINA MEXICO • TENCENT • MODERN WALL STREET • IECO/CLARIN • CNN EXPANSION • XINHUA NEWS AGENCY • SMALL CAP NATION • C5N • TV AZTECA • WALL STREET MULTIMEDIA • STROTT TV CENTRAL AMERICA EL SALVADOR • THE STREET.COM • CB24 • EL ECONOMISTA • YAHOO! FINANCE CHILE NICARAGUA • MOL • CANAL 15 JAPAN • CANAL 24 HORAS TVN PANAMA • NHK DOMINICAN REPUBLIC COLOMBIA • CAPITAL • TV TOKYO • PORTAFOLIO PERU • MERCADO • EL TIEMPO • GESTION • CABLENOTICIAS • ATV+ • NTN24 SOUTH AMERICA COSTA RICA • DESDEWALLSTREET.COM • CANAL 9 VENEZUELA ECUADOR • EL UNIVERSAL • TELEAMAZONAS • GLOBOVISION 15 LISTING STANDARDS 5 YEAR ESTIMATE | $xx 10-YEAR ESTIMATE | $xx FOR NYSE IPOS + MARKET MODEL SAVINGS INITIAL LISTING STANDARDS CONTINUED LISTING STANDARDS Required to meet all of the following: Required to meet all of the following: Round-lot holders 400 Total shareholders 4001 DISTRIBUTION Public shares 1.1MM Public shares 0.6 MM CRITERIA Public market value: • Listing Days, carve-outs & spin-offs $40MM • All other listings $100MM Minimum share price $4.00 Required to meet one of the following: Required to meet I, II, & III Standard I Earnings Test I.
Load more

Recommended publications
  • Características Da Emissão Primária Consulte a Lâmina
    Características da Emissão Primária Consulte a lâmina Debêntures ANHB15 (ANHANGUERA BANDEIRANTES ) ANHB16 (ANHANGUERA BANDEIRANTES ) ANHB18 (ANHANGUERA BANDEIRANTES ) CEPE27 (COMP. ENERG. DE PE) CPFP18 (COMP. PIRATININGA DE FORÇA E LUZ) CTEL12 (COPEL TELECOMUNICAÇÕES) ECOV12 (ECOVIAS DOS IMIGRANTES) ECOV22 (ECOVIAS DOS IMIGRANTES) PALF18 (COMP. PAULISTA DE FORÇA E LUZ) RDNT14 (RODONORTE) RDNT15 (RODONORTE) RIGE18 (RIO GRANDE ENERGIA) TIET18 (AES TIETE ENERGIA) TIET34 (AES TIETE ENERGIA) VLIO11 (VLI OPERAÇÕES PORTUÁRIAS) VOES16 (VIAOESTE) VOES25 (VIAOESTE) GASP14 (COMGAS) GASP24 (COMGAS) GASP33 (COMGAS) RDLA12 (RODOVIA DOS LAGOS) EGIE27 (ENGIE BRASIL ENERGIA) PALF38 (COMP. PAULISTA DE FORÇA E LUZ) CTEE17 (CTEEP) CTEE15 (CTEEP) GASP15 (COMGAS) TAES15 (TAESA) VLIM11 (VLI MULTIMODAL) EGIE17 (ENGIE BRASIL ENERGIA) PALF28 (COMP. PAULISTA DE FORÇA E LUZ) Consulte a lâmina CRA—Certificados de Recebíveis do Agronegócio CRA0150000C (SUZANO 19.06.2019) CRA017006HF (SOLAR 03.10.2022) CRA0140000R (RAIZEN 15.12.2021) CRA017001JL (SÃO MARTINHO 17.04.2021) CRA018000MA (SÃO MARTINHO 15.03.2025) CRA017008SR (RAÍZEN 15.12.2023) CRA0160000X (FIBRIA 23.06.2023) CRA017009KJ (KLABIN 20.12.2023) CRA01800590 (IPIRANGA 18.12.2023) CRA0160000P (RAÍZEN 16.05.2022) CRA018003UX (VLI 11.09.2023) CRA0160000W (FIBRIA 23.06.2020) CRA017001JM (SÃO MARTINHO 19.04.2023) CRA01600028 (FIBRIA 17.01.2022) CRA017006HH (FIBRIA 23.09.2022) CRA017000XD (GPA 14.04.20) CRI—Certificados de Recebíveis Imobiliários CRA0160001T (CAMIL 13.12.20)
    [Show full text]
  • The Top 20 Brazilian Multinationals: a Long Way out of the Crises Highlights
    The Top 20 Brazilian Multinationals: A Long Way Out of the Crises January 18, 2018 São Paulo and New York, January 18, 2018: The Center of International Financial Management Studies (IFM) of the São Paulo School of Business Administration (EAESP) of Fundação Getulio Vargas (FGV), Brazil, and the Columbia Center on Sustainable Investment (CCSI), a joint center of Columbia Law School and The Earth Institute at Columbia University in New York, are releasing today the results of their research report profiling the top 20 Brazilian multinational enterprises (MNEs),1 ranked in terms of foreign assets. The report is part of the Emerging Market Global Players (EMGP) Project, a long-term study of the rapid global expansion of MNEs from emerging markets. The present report, conducted in 2017, covers the 2016 annual year.2 Highlights In 2016, the top 20 Brazilian MNEs included in our survey had combined foreign assets of approximately US$ 106.7 billion, foreign revenue (including exports) of more than US$ 135.3 billion and 195,377 foreign employees (excluding outsourced, temporary and seasonal employees).3 On average, the foreign assets of the top 20 firms constituted 44.9% of those firms’ total assets in 2016; foreign sales accounted for 61.6% of the firms’ total net sales; and foreign employees accounted for 23.9% of their total employees, resulting in an average Transnationality Index (TNI) of 43.5% (Annex Table 1). Of the top 20 Brazilian MNEs, the Oil and Gas Extraction, Food Manufacturing, Mining, the Primary Metal Manufacturing, and the Paper and Allied Products industries comprised almost 90% of the foreign assets (eleven companies).
    [Show full text]
  • Case M.8951 - SUZANO PAPEL E CELULOSE / FIBRIA CELULOSE
    EUROPEAN COMMISSION DG Competition Case M.8951 - SUZANO PAPEL E CELULOSE / FIBRIA CELULOSE Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) in conjunction with Art 6(2) Date: 29/11/2018 In electronic form on the EUR-Lex website under document number 32018M8951 EUROPEAN COMMISSION Brussels, 29.11.2018 C(2018) 8166 final In the published version of this decision, some information has been omitted pursuant to Article PUBLIC VERSION 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. To the notifying party Subject: Case M.8951 - SUZANO PAPEL E CELULOSE / FIBRIA CELULOSE Commission decision pursuant to Article 6(1)(b) in conjunction with Article 6(2) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 9 October 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (the 'Merger Regulation')3 by which Suzano Papel e Celulose S.A. ("Suzano") acquires sole control over Fibria Celulose S.A. ("Fibria"). Suzano is hereafter referred to as the "Notifying Party" and together with Fibria as the "Parties". 1. THE PARTIES AND THE TRANSACTION (2) The Parties are both publicly traded companies registered in Brazil, active in the production of wood pulp from eucalyptus trees. Both are vertically integrated upstream, with limited activities in wood procurement in Brazil, and in the production and supply of eucalyptus pulp.
    [Show full text]
  • Printmgr File
    ˆ200Ge73DwskcK1zg^Š 200Ge73DwskcK1zg^ VDI-W7-PFL-2126 ULTRAPAR HOLDINGS IN Donnelley Financial14.1.18.0 EGV duraj0cb 02-May-2020 00:53 EST 877759 FS 1 6* ULTRAPAR HOLDINGS 20 None TRT HTM ESS 0C Page 1 of 2 As filed with the Securities and Exchange Commission on May 4, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-14950 ULTRAPAR PARTICIPAÇÕES S.A. (Exact name of Registrant as specified in its charter) ULTRAPAR HOLDINGS INC. (Translation of Registrant’s name into English) The Federative Republic of Brazil (Jurisdiction of incorporation or organization) Brigadeiro Luis Antônio Avenue, 1343, 9th Floor São Paulo, SP, Brazil 01317-910 Telephone: 55 11 3177 3820 (Address of principal executive offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Shares, without par value UGP New York Stock Exchange (represented by, and traded only in the form of, American Depositary Shares (evidenced by American Depositary Receipts), with each American Depositary Share representing one common share) Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
    [Show full text]
  • Redalyc.Os Efeitos Do Disclosure Ambiental Negativo Involuntário
    Red de Revistas Científicas de América Latina, el Caribe, España y Portugal Sistema de Información Científica English version Mendes Fernandes, Sheila Os efeitos do disclosure ambiental negativo involuntário: um estudo de evento nas companhias brasileiras com alto índice de poluição Revista de Contabilidade e Organizações, vol. 7, núm. 17, 2013, pp. 59-72 Universidade de São Paulo São Paulo, Brasil Available in: http://www.redalyc.org/articulo.oa?id=235230526007 Revista de Contabilidade e Organizações, ISSN (Printed Version): 1982-6486 [email protected] Universidade de São Paulo Brasil How to cite Complete issue More information about this article Journal's homepage www.redalyc.org Non-Profit Academic Project, developed under the Open Acces Initiative 56 RevistaS. M. de Fernandes Contabilidade / Rev. e OrganizaçõesCont Org 17(2013) 17 (2013) 56-68 56-68 Revista de http://dx.doi.org/10.11606%2Frco.v7i17.56668 Journal of Contabilidade e Accounting and Organizações Organizations www.rco.usp.br www.rco.usp.br The effects of involuntary negative enviromental disclusure: an event study in brazilian companies with a high pullution index. Sheila Mendes Fernandesa aFucape Business School - Vitória - ES Article Info Abstract Article history: The aim in this study was to identify the influence of involuntary negative environ- mental disclosure on abnormal returns in sectors with high pollution indices: Exploi- Received: 28 September 2012 tation, Refining, Metallic Minerals, Paper and Pulp and Iron and Steel. To achieve the Accepted: 1 March 2013 proposed objective, the event study method was used, based on the Efficient Market Hypothesis. The sample selected totals 29 events, referent to the period from 2007 till 2012.
    [Show full text]
  • Análise De Empresas 16/03/2018
    Análise de Empresas 16/03/2018 Suzano: O negócio dos sonhos chegou... SUZB3 Recomendação: COMPRA • A Suzano anunciou hoje a aquisição da Fibria, em uma negócio envolvendo Preço-alvo: 28,00 dinheiro e a troca de ações; Upside: -1,8% • O valor implícito das ações da Fibria (ao redor de R$ 63,00/ação) é 12% 160 SUZB3 X IBOV inferior ao preço de fechamento de ontem (15/03); 150 140 • Mesmo considerando a forte alta das ações hoje, calculamos potencial 130 adicional de valorização de 40% para Suzano; 120 110 • Estimamos R$ 10 bilhões em sinergias. A “nova” Suzano poderia ser 100 90 avaliada em R$ 37-43/ação uma vez que o negócio estiver concluído e, 80 portanto, é a nossa nova top pick no setor de Papel & Celulose. 70 SUZB3 IBOV 60 nov-17 dez-17 jan-18 fev-18 mar-18 Suzano e Fibria: O negócio do século. A Suzano anunciou a aquisição da Fibria em Fonte: Bradesco BBI e Bloomberg um acordo envolvendo dinheiro e a troca de ações, avaliando a Fibria em aproximadamente R$ 63,00/FIBR3, implicando em um múltiplo de aquisição de 5,0x Papel & Celulose EV/Ebitda para 2018 (isso excluindo as sinergias). Os acionistas da Fibria receberão Thiago Lofiego* R$ 52,50 em dinheiro, além de 0,4611 ações da Suzano (SUZB3) por cada ação da Renato Chanes Fibria detida. Composição acionária resultante: Família Feffer com 46%, +55 11 2178-4063 BNDESPar com 11%, Votorantim com 5,5% e free float de 37,5%. [email protected] Significativamente mais vantajoso para os minoritários da Suzano.
    [Show full text]
  • Fibria Celulose S.A. Form 20-F Filed 2013-02-28
    SECURITIES AND EXCHANGE COMMISSION FORM 20-F Annual and transition report of foreign private issuers pursuant to sections 13 or 15(d) Filing Date: 2013-02-28 | Period of Report: 2012-12-31 SEC Accession No. 0001104659-13-016086 (HTML Version on secdatabase.com) FILER Fibria Celulose S.A. Mailing Address Business Address ALAMEDA SANTOS 1357-8 ALAMEDA SANTOS 1357-8 CIK:1110649| IRS No.: 000000000 | Fiscal Year End: 1231 ANDAR ANDAR Type: 20-F | Act: 34 | File No.: 001-15018 | Film No.: 13652852 01419-908 SAO PAULO SP 01419-908 SAO PAULO SP SIC: 2621 Paper mills BRAZIL 55-11-269-400 D5 BRAZIL 55-11-269-400 D5 00000 00000 212-848-7335 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended DECEMBER 31, 2012 Commission file number 1-15018 Fibria Celulose S.A. (Exact name of Registrant as specified in its charter) N/A (Translation of Registrants name into English) Federative Republic of Brazil (Jurisdiction of incorporation or organization) Alameda Santos, 1357, 6th floor 01419-908, São Paulo, SP, Brazil (Address of principal executive offices) Guilherme Perboyre Cavalcanti Chief Financial Officer and Investor Relations Officer Phone: (55 11) 2138-4565 Fax: (55 11) 2138-4065 Email: [email protected] (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act.
    [Show full text]
  • Análise De Empresas 20/02/2018
    Análise de Empresas 20/02/2018 Valor de ADTV 2 Último Papel & Celulose: Consolidação da Fibria e Empresa Mercado¹ 3 meses Preço Suzano; Como criar R$ 10 bilhões FIBR3 32.795 112,4 63,09 SUZB3 17.778 65,0 22,82 ¹ R$ milhões; ² Volume médio diário R$ (milhões) • Os acionistas controladores da Fibria e da Suzano estão oficialmente conversando e “avaliando alternativas estratégicas"; Empresa Recomendação Preço-Alvo • Estimamos que uma fusão poderia gerar entre R$ 8 e R$ 10 bilhões em FIBR3 COMPRA 71,00 SUZB3 COMPRA 28,00 sinergias, ou 17% dos valores de mercado combinados das companhias e, Fonte: Bradesco BBI e Bloomberg potencialmente, adicionando quase 15% aos nossos preços-alvo; • Embora uma fusão pura através de um swap de ações seja viável, acreditamos que BNDES e Votorantim (maiores acionistas da Fibria) possam Papel & Celulose ser vendedores, pelo menos parcialmente; Thiago Lofiego* Renato Chanes • Reafirmamos nossa posição otimista com o setor de Papel & Celulose, sendo +55 11 2178-4063 Fibria e Suzano nossas top picks . [email protected] *Analista responsável principal pelo conteúdo do Está acontecendo finalmente? A fusão de Suzano e Fibria voltou ao radar. Após relatório e pelo cumprimento do disposto no Art.16 da um longa espera, a consolidação entre players de celulose na América do Sul, Instrução CVM 483/10. particularmente no Brasil, pode estar finalmente começando a ganhar forma. A Votorantim confirmou que os acionistas controladores da Suzano criaram um grupo para "discussões estratégicas alternativas”, e nossos cálculos sugerem R$ 10 bilhões em sinergias em uma potencial fusão. Portanto, permanecemos otimistas, conduzidos pela nossa visão positiva sobre os fundamentos do mercado de celulose, enquanto as maiores possibilidades de consolidação implicam potencial extra de valorização.
    [Show full text]
  • Suzano Papel E Celulose S.A. Suzano S.A
    Suzano S.A. Suzano Papel e Celulose S.A. Unaudited condensed consolidated interim financial information as of March 31, 2019 and Report on Review of Interim Financial Information 0 Report on review of condensed consolidated interim financial information To the Board of Directors and Shareholders Suzano S.A. (formerly Suzano Papel e Celulose S.A.) Introduction We have reviewed the accompanying condensed consolidated interim balance sheet of Suzano S.A. and its subsidiaries (the “Group”) as of March 31, 2019 and the related condensed consolidated interim statements of income (loss), comprehensive income, changes in equity and cash flows for the three-month period then ended and notes, comprising a summary of significant accounting policies and other explanatory notes. Management is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with International Accounting Standard (IAS) 34 - Interim Financial Reporting, of the International Accounting Standards Board (IASB). Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review. Scope of review We conducted our review in accordance with Brazilian and International Standard on Reviews of Interim Financial Information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.
    [Show full text]
  • Fibria U.S.$600,000,000 Fibria Overseas Finance Ltd
    Prospectus Supplement (To Prospectus dated May 1, 2014) Fibria U.S.$600,000,000 Fibria Overseas Finance Ltd. (incorporated with limited liability in the Cayman Islands) 5.250% Notes due 2024 fully, unconditionally and irrevocably guaranteed by Fibria Celulose S.A. (incorporated in the Federative Republic of Brazil) Fibria Overseas Finance Ltd., or the issuer, is offering U.S.$600,000,000 in aggregate principal amount of its notes due 2024, or the notes. The issuer is a Cayman Islands exempted company. The notes will be fully, unconditionally and irrevocably guaranteed by Fibria Celulose S.A., or Fibria Celulose, a corporation (sociedade an6nima) incorporated under the laws of the Federative Republic of Brazil. Interest on the notes will be payable semi-annually in arrears on May 12 and November 12 of each year, beginning on November 12, 2014. The issuer or Fibria Celulose may, at its option, redeem the notes, in whole or in part, at any time, by paying the greater of (i) 100% of the principal amount of the notes plus accrued interest and additional amounts, if any, to the date of redemption and (ii) the applicable "make-whole" amount. The notes may also be redeemed, in whole but not in part, at 100% of their principal amount plus accrued interest and additional amounts, if any, at any time upon the occurrence of specified events relating to Brazilian or Cayman Islands tax law, as set forth in this prospectus supplement. See "Description of the Notes-- Redemption." If a specified Change of Control event as described herein occurs, unless the issuer or Fibria Celulose has exercised its option to redeem the notes, Fibria Celulose will be required to offer to purchase the notes at the price described in this prospectus supplement.
    [Show full text]
  • Suzano Papel E Celulose S.A. Suzano S.A
    Suzano S.A. Suzano Papel e Celulose S.A. Unaudited condensed consolidated interim financial information as of September 30, 2019 and Report on Review of Interim Financial Information 1 Report on review of interim financial information To the Board of Directors and Shareholders Suzano S.A. Introduction We have reviewed the accompanying condensed consolidated interim balance sheet of Suzano S.A. and its subsidiaries (the “Group”) as of September 30, 2019 and the related condensed consolidated interim statements of income (loss) and comprehensive income (loss) for the three and nine-month period then ended, and the condensed consolidated interim statements of changes in equity and cash flows for the nine-month period then ended and notes, comprising a summary of significant accounting policies and other explanatory notes. Management is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with International Accounting Standard (IAS) 34 - Interim Financial Reporting, of the International Accounting Standards Board (IASB). Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review. Scope of review We conducted our review in accordance with Brazilian and International Standard on Reviews of Interim Financial Information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.
    [Show full text]
  • CORPORATE SUSTAINABILITY INDEX: Does the Firm Benefit from It?
    ISSN: 2359-1048 Dezembro 2018 CORPORATE SUSTAINABILITY INDEX: Does the firm benefit from it? VINÍCIUS LEONARDO LOUREIRO MORRONE UNIVERSIDADE DE SÃO PAULO FLÁVIA FURTADO PESSOA DE MENDONÇA FUNDAÇÃO GETÚLIO VARGAS - FGV CORPORATE SUSTAINABILITY INDEX: Does the firm benefit from it? Introduction Porter and Kramer (2006) define the competitiveness of companies as dependent on the community around them, thanks to the synergy between economic and social objectives. According to the authors, companies are induced to adopt social and sustainable practices for four reasons: moral obligation, sustainability, licenses to operate or reputation. These motives stem from a tension implicitly imposed by society, which views large corporations as more or more influential than the government itself on these issues. There are non-consensual opinions about real corporate social responsibility. Opposing lines began the arguments of two economists, both Nobel Prize winners, Milton Friedman and Paul Samuelson. A defender of the orthodox view, Friedman argues that the company fulfills its social role by focusing only on obligations relating to the generation of employment, the provision of services or products suited to the market and the payment of taxes. Any activity that exceeds these limits would, according to him, generate economic inefficiency (Friedman, 1973). Already Samuelson (1971), defender of a heterodox line, has the same vision of Porter and Kramer (2006): there is economic and social interdependence. Also Elkington (1999), creator of the model that is now one of the references of business sustainability, called the Triple Bottom Line, believes that companies must structure their processes in activities sustained by economic, social and environmental benefits.
    [Show full text]