DOCSLIB.ORG

Ultrapar Participações SA

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Ultrapar Participações SA Ultrapar Participações S.A. November 2018 Considerations Forward-looking statements This document may include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Investors are cautioned that such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the business of Ultrapar Participações S.A. (“Ultrapar”) are based on current expectations that are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. Ultrapar is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. For this reason, readers should not place undue emphasis on these forward-looking statements. Standards and criteria adopted in preparing the information The financial information presented in this document has been prepared according to International Financial Reporting Standards (IFRS). The financial information of Ultrapar corresponds to the company’s consolidated information. The financial information of Ipiranga, Oxiteno, Ultragaz, Ultracargo and Extrafarma is reported without elimination of intercompany transactions. Therefore, the sum of such information may not correspond to the consolidated financial information of Ultrapar. In addition, the financial and operational information presented in this document is subject to rounding off and, consequently, the total amounts presented in the tables and charts may differ from the direct sum of the amounts that precede them. EBITDA — Earnings Before Interest, Taxes, Depreciation and Amortization, Adjusted EBITDA — adjusted for the amortization of contractual assets with customers – exclusive rights, and EBIT— Earnings Before Interest and Taxes, are presented in accordance with CVM Instruction No. 527, issued by CVM on October 4, 2012. As from 2018, the IFRS 9 and 15 standards were adopted, amendments to the IFRS rules and interpretations issued by the IASB. In order to provide a comparative basis for the financial statements, the information for the first and fourth quarter of 2017 shown in this document incorporates these accounting changes, consequently differing from the values previously reported in the respective publications of results. Additional information can be found in note 2.y of the quarterly financial statements of September 30, 2018 and in the financial spreadsheets, available from the Ultrapar website (ri.ultra.com.br). Ultrapar One of the largest Leader in specialty Largest LPG Largest provider of Leadership fuel distributor in chemicals derived distributor in Brazil storage for liquid position in North Brazil of ethylene oxide in bulk in Brazil and Northeast Network of 6 Latin America regions thousand 6 terminals located 8,018 service independent in the main Brazilian 414 stores in 13 stations 12 production resellers ports different states facilities in 5 Largest countries 11 million 784 thousand m³ of 2 distribution convenience store households attended storage capacity centers network in Brazil 54 thousand costumers in the bulk segment Ultrapar is the 5th largest Brazilian group in terms of revenues¹ 17 thousand employees ¹ Source: Valor 1000 2018 edition 3 Ultrapar Leadership position, with long-term competitive advantages Resilient businesses, leveraged on the Brazilian economic growth Strategy of differentiation and innovation Best Corporate Governance practices o True Corporation with reference shareholder o Compensation as a key driver for value creation Key shareholders¹ Ultra S.A. Participações 22% Parth do Brasil Participações LTDA 8% Standard Life Aberdeen PLC 8% BlackRock Inc. 5% Outros 57% ¹ As of 10/31/2018 4 Ultrapar – Financial highlights Financial results R$ billion Net revenues EBITDA Net income CAGR CAGR CAGR 9% 4% 0% 88.6 Payout¹ 75.7 77.4 79.2 61% 67.7 60.9 4.2 53.9 4.0 4.0 2.9 3.2 3.1 2.4 1.5 1.6 1.5 1.0 1.2 1.3 1.0 2012 2013 2014 2015 2016 2017 3Q18 2012 2013 2014 2015 2016 2017 3Q18 2012 2013 2014 2015 2016 2017 3Q18 LTM LTM LTM ¹ Weighted average payout ratio from 2012 to 1H18 Debt profile Debt Amortization profile breakdown General information 9M18 R$ million 6.429 Net debt R$ 9,191 7% (R$ million) Net debt/ EBITDA LTM 2.94x 61% 39% 3.642 3.585 32% 3.456 Average cost of debt 96.2% 2.368 (% of CDI) 1.577 994 Duration 4.4 (years) National currency Non-hedged Cash and Up to 1 1 to 2 2 to 3 3 to 4 4 to 5 Thereafter Hedged Foreign currency equivalents year years years years years 5 Ultrapar and strategy of its businesses Ipiranga – Solid operation and geographical capillarity Continuous investments in the network and distribution infrastructure # of service stations CAPEX EBITDA Scale and operational excellence CAGR CAGR 101 77 logistics facilities* across Brazil CAGR 7% 4% 61 8,018 10% ~ R$ 1 billion CAPEX for expansion 6,086 CAGR 9% 2,361 $ and construction of storage terminals 1,148 since 2011 1,330 3 million m³ handled per month 591 > 4,000 daily deliveries 2011 3Q18 LTM 807 thousand m³ capacity +9% EBITDA (R$ million) Dec-11 Sep-18 2011 3Q18 LTM CAGR (2011-17) EBITDA margin (R$/m³) Under construction/expansion: +30 *28 owned, 25 pooled storage terminals and 24 leased storage in third parties Diversification in products and services offered thousand m³ “A complete service station The strongest brand in the fuel market³ waiting for you” KM de Vantagens: 28 million members 905 bakeries / 528 beer caves am/pm – largest convenience store Relationship with Marketing campaigns network New products launches (DT Clean and resellers and final o “Ask at Ipiranga’s Octapro) costumers service station” o 2nd largest franchise network in Brazil¹ Connected station: 864 stations with o Clube do Milhão o Marketing plan electronic panels and 1,083 with beacons o o Top 20 largest franchisee Clube VIP networks based on sales² “Abastece Aí” app: 2.5 million downloads o Ipiranga’s Convention o 2,468 stores o Penetration: 31% ³ Source: Valor Econômico, January 18, 2016 (CVA Solutions consultants) ¹ Source: Ranking ABF 2017 ² Source: Ranking Abras 2018 7 Oxiteno – Investments in innovation and expansion Leadership position Sales mix Sole producer of ethylene oxide in Brazil and oleo-chemicals in Latin America Deep knowledge of surfactants technology 20% Scale comparable to the largest players in the world 9M18 o 3rd largest ethoxylation company in the world o 80% Camaçari unit: one of the world’s largest ethylene oxide production units Specialties Current capacity allows growth in Brazil without significant new investments Glycols Segments of operations USA investments Cosmetics Oil Detergents The largest ethoxylates market in the world Access to ethylene oxide derived from natural gas, more competitive than naphtha Annual capacity: 120 kton Texas: 30% of the total US refinery capacity and Beginning of operations: 40% of the petrochemical output Sep-2018 Hydraulic Agrochemicals Coatings fluids A state with an excellent logistics infrastructure 8 Ultragaz – 80 years of constant evolution Innovation and investment in technology increase productivity and the services portfolio Mature and highly dynamic market Growth Uses for LPG still not permitted in Brazil opportunities Constantly renewing company Use of digitalization for future growth Delivery Generators Water trucks Sauna o In the relationship with the end consumer: greater customer satisfaction and pumps loyalty o In internal processes: greater responsiveness and productivity Swimming Car wash water o Through the combination of data to maximize opportunities Vehicles pool heaters pressurizer Bottled Expanding scale, geographical coverage and capillarity Volume (tons) CAGR 1,729 ~ 6,000 resellers in 2017 2% 534 Training of more than 500 resellers 1,242 428 Bulk 1,196 815 1999 3Q18 LTM Filling plants New uses of LPG: > 400 clients and additional 7.5 kton in Bottled Bulk Satellite plants, affiliates and similar 2017 Geographical reach of Ultragaz network 9 Ultracargo – Strengthening of port operations Competitive advantages along with positioning in strategic locations The largest provider of storage for liquid bulk in Brazil Potential for ~30% increase in capacity Operational excellence: flexibility, agility and quality over the next 3 years Storage capacity of 784 thousand m³ Santos Aratu Handling of 5.9 million ton of liquid bulk in 3Q18 LTM Capacity: 307 thousand m³ Capacity: 218 thousand m³ o 47% of fuels Products handled: chemicals, Products handled: chemicals, o 36% of chemicals/corrosives corrosives, fuels, lubricants and petrochemicals, fuels and vegetable oils vegetable oils Itaqui Suape Itaqui Capacity: 55 thousand m³ Capacity: 158 thousand m³ Suape Products handled: chemicals, Products handled: chemicals, petrochemicals, fuels and petrochemicals, fuels and Aratu vegetable oils vegetable oils Paranaguá Rio de Janeiro Rio de Janeiro Santos Capacity: 28 thousand m³ Capacity: 17 thousand m³ Paranaguá Products handled: vegetable Products handled: corrosives oils and chemicals and lubricants Area of influence of ports
Load more

Recommended publications
  • Ultra 2016 ANNUAL REPORT 2016 02 Ultra Annual Report 2016 Contents 03
    ULTRA 2016 ANNUAL REPORT 2016 02 ULTRA ANNUAL REPORT 2016 CONTENTS 03 Contents 04 08 20 INTRODUCTION ULTRA MANAGEMENT FUNDAMENTALS • Introduction • Ultra • Corporate Governance • Message from Management • Highlights 2016 • Ethics and Compliance • Key Indicators • Risk Management 28 38 48 54 STRATEGY AND OUTLOOK PEOPLE MANAGEMENT MANAGEMENT OF SAFETY OUR BUSINESSES • A Multi-business Vision • Valorization of Professional • Safe Environment • Ipiranga • Ultra Business Model Development • Oxiteno • Investment Plan • Ultra Culture • Ultragaz • Sustainability Model • Compensation • Ultracargo • Leadership Development • Extrafarma • Other Highlights of the Year 70 82 87 ENVIRONMENTAL MANAGEMENT FINANCIAL PERFORMANCE CORPORATE INFORMATION • Reduction of Impacts • Sales Balance • Integrated Models in Eco-efficiency • Consistent Results • Management of GHG Emissions • Capital Markets • Water • Energy • Solid Waste 04 ULTRA ANNUAL REPORT 2016 INTRODUCTION 05 Introduction We are pleased to present the report of our activities in 2016. The report This year, we have sought to expand focuses on the importance given to institutional transparency and best the scope of the annual report by practices of communication with the Company’s stakeholders. It presents the including socio-environmental key results reported in 2016 by Ultra and its businesses – Ipiranga, Oxiteno, performance indicators Ultragaz, Ultracargo and Extrafarma –, the main projects, its economic-financial performance and information regarding the five sustainability pillars: Safety, the Environment, People, Products and Services and the Value Chain. These performance indicators. The information We believe that, to present these details themes were defined according to relating to our sustainability pillars has on our sustainability performance, is the corporate guidelines and are matched been defined by taking into account first step towards bringing these different by all the Company’s businesses.
    [Show full text]
  • Annual Report 2017
    Annual Report 2017 Introduction Welcome to the annual report of Ultra. This publication shows the activities, relationships and key results in 2017 for our businesses – Ipiranga, Oxiteno, Ultragaz, Ultracargo and Extrafarma. For the second year, we present a more complete vision of the Company with the inclusion of new socio-environmental information reinforcing the disclosure of our results. Our Sustainability Model comprises five pillars (Safety, the Environment, People, Products and Services and the Value Chain), which are incorporated in the management of each company. Respecting the segment and the context in which they operate, each one of Ultra’s businesses also has their own indicators. We are also mindful of the best reporting practices through the incorporation of the principles of the Global Reporting Initiative (GRI) and the International Integrated Reporting Council (IIRC). Institutional transparency for us is the way we can present a more comprehensive vision of the impact and the value that we generate for our stakeholders. The information related to our sustainability pillars considers the degree of maturity of the Company in the raising and monitoring of See our complete this information and its relevance to the stakeholders. performance at www.ultra.com.br/Ultra/ Good reading! relatorio/2017/en/ APRESENTAÇÃO 03 Message from the Management In 2017, we celebrated 80 years of Two events during the period demanded to react rapidly in order to continue history at Ultra – a period characterized flexibility and speed of reaction to allow serving clients and resellers with quality by the best practices of corporate us to proceed with our plans based on and differentiation.
    [Show full text]
  • Triannual Letter
    (A free translation of the original in Portuguese) TRIANNUAL LETTER April 2011 Sixth Letter TABLE OF CONTENTS THEMATIC ANALYSIS.................................................................................................3 I. 13 IS THE LUCKY NUMBER......................................................................3 PORTFOLIO’S RISK-RETURN ANALYSIS.......................................................................6 I. JB FOCUS FIC FIA......................................................................................6 II. ULTRAPAR................................................................................................6 COMPANY OVERVIEW..............................................................................6 INVESTMENT THESIS…………………………………………………………………..………..7 OUTLOOK……………………………………………..………………………………………………8 Triannual Letter – Sixth Letter (Apr/11) 2 SECTION 1 THEMATIC ANALYSIS I. 13 IS THE LUCKY NUMBER The CVM instruction 480/09, which determines the rules to be followed when filing a registration statement for issuing securities, is a milestone in the development process of corporate governance in Brazil. By means of this instruction, the securities regulator publishes clear and detailed guidance regarding the minimum level of disclosure required of public companies. The information required by the 22 sections of the new Reference Form (Article 24 and Appendix 24 of Instruction 408/09) are essential for investors to be able to evaluate the security. The first trial took place last year, when the deadline for filing
    [Show full text]
  • Ultrapar Participações S.A. Abril 2018 Considerações Iniciais
    Ultrapar Participações S.A. Abril 2018 Considerações iniciais Previsões acerca de eventos futuros Este documento pode conter previsões acerca de eventos futuros. Tais previsões refletem apenas expectativas dos administradores da Companhia. Palavras como “acredita”, “espera”, “planeja”, “estratégia”, “prospecta”, “prevê”, “estima”, “projeta”, “antecipa”, “pode” e outras palavras com significado semelhante são entendidas como declarações preliminares sobre expectativas e projeções futuras. Tais declarações estão sujeitas a riscos e incertezas previstos ou não pela Companhia, e podem fazer com que os resultados reais sejam significativamente diferentes daqueles projetados. Portanto, o leitor não deve fundamentar suas decisões apenas com base nestas estimativas. Padrões e critérios aplicados na preparação das informações As informações financeiras apresentadas nesse documento foram preparadas de acordo com as normas IFRS (International Financial Reporting Standards). As informações financeiras referentes à Ultrapar correspondem às informações consolidadas da companhia. As informações financeiras da Ipiranga, Oxiteno, Ultragaz, Ultracargo e Extrafarma são apresentadas sem eliminação de transações realizadas entre as sociedades. Portanto, a soma de tais informações pode não corresponder às informações financeiras consolidadas da Ultrapar. Adicionalmente, as informações financeiras e operacionais incluídas nesta discussão de resultados são sujeitas a arredondamentos e, como consequência, os valores totais apresentados nas tabelas e gráficos podem diferir da agregação numérica direta dos valores que os precedem. As informações denominadas LAJIDA (EBITDA) – Lucro Antes dos Juros, Impostos sobre Renda e Contribuição Social sobre o Lucro Líquido, Depreciação e Amortização; e LAJIR (EBIT) – Lucro Antes dos Juros e Impostos sobre a Renda e Contribuição Social sobre o Lucro Líquido estão apresentadas de acordo com a Instrução nº 527 emitida pela CVM em 04 de outubro de 2012.
    [Show full text]
  • ANNUAL REPORT 2011 ULTRAPAR floor Th [email protected] Fax 55 11 3177 6107 Fax Phone 55 11 3177 7014 Phone Ultrapar Participações S
    ANNUAL REPORT 2011 ULTRAPAR REPORT ANNUAL CONTENT 2 ULTRAPAR 4 MESSAGE FROM THE MANAGEMENT ANNUAL REPORT 6 KEY INDICATORS AND HIGHLIGHTS 10 MANAGEMENT FUNDAMENTALS 10 CORPORATE GOVERNANCE 2011 14 MANAGEMENT MODEL AND STRATEGY 20 RISK MANAGEMENT 24 INNOVATION 30 RELATIONSHIP WITH STAKEHOLDERS 36 SOCIAL AND ENVIRONMENTAL PERFORMANCE 42 IPIRANGA 48 OXITENO 54 ULTRACARGO 58 ULTRAGAZ 64 RESULTS AND OUTLOOK Ultrapar Participações S. A. 64 ANALYSIS OF FINANCIAL PERFORMANCE IN 2011 th Av Brigadeiro Luís Antônio 1343 8 floor 72 CAPITAL MARKET 01317-910 São Paulo SP Brazil 76 INVESTMENTS AND OUTLOOK Phone 55 11 3177 7014 Fax 55 11 3177 6107 80 CORPORATE INFORMATION / CREDITS [email protected] www.ultra.com.br CONTENT 2 ULTRAPAR 4 MESSAGE FROM THE MANAGEMENT 6 KEY INDICATORS AND HIGHLIGHTS 10 MANAGEMENT FUNDAMENTALS 10 CORPORATE GOVERNANCE 14 MANAGEMENT MODEL AND STRATEGY 20 RISK MANAGEMENT 24 INNOVATION 30 RELATIONSHIP WITH STAKEHOLDERS 36 SOCIAL AND ENVIRONMENTAL PERFORMANCE 42 IPIRANGA 48 OXITENO 54 ULTRACARGO 58 ULTRAGAZ 64 RESULTS AND OUTLOOK 64 ANALYSIS OF FINANCIAL PERFORMANCE IN 2011 72 CAPITAL MARKETS 76 INVESTMENTS AND OUTLOOK 80 CORPORATE INFORMATION / CREDITS CORPORATE GOVERNANCE SUSTAINABILITY INNOVATION Ranked 5th in Fortune Ultrapar holds leading position in its markets achieved over its 75 years of existence. The Magazine’s “World’s Most company operates in the fuel distribution Admired Companies 2012” business through Ipiranga and Ultragaz, in the chemical industry with Oxiteno, and in survey in the energy sector the liquid bulk storage segment through Ultracargo. By the end of 2011, Ultrapar had 9 thousand direct employees and approximately 80 thousand indirect employees.
    [Show full text]
  • Annual Report 2012 Annual Report 2012 Ultrapar
    ANNUAL REPORT 2012 ANNUAL REPORT 2012 ULTRAPAR REPORT ANNUAL Ultrapar Participações S. A. Av Brigadeiro Luís Antônio 1343 8th floor 01317-910 São Paulo SP Brazil Phone 55 11 3177 7014 Fax 55 11 3177 6107 [email protected] www.ultra.com.br A ANNUAL REPORT 2012 ANNUAL REPORT 2012 ULTRAPAR REPORT ANNUAL Ultrapar Participações S. A. Av Brigadeiro Luís Antônio 1343 8th floor 01317-910 São Paulo SP Brazil Phone 55 11 3177 7014 Fax 55 11 3177 6107 [email protected] www.ultra.com.br CONTENT ULTRAPAR 2 MESSAGE FROM THE MANAGEMENT 4 KEY INDICATORS AND HIGHLIGHTS 6 MANAGEMENT FUNDAMENTALS 12 CORPORATE GOVERNANCE 12 MANAGEMENT MODEL AND STRATEGY 18 RISK MANAGEMENT 24 INNOVATION 28 RELATIONSHIP WITH STAKEHOLDERS 32 SOCIAL AND ENVIRONMENTAL PHILOSOPHY AND SUSTAINABILITY 38 IPIRANGA 44 OXITENO 50 ULTRACARGO 56 ULTRAGAZ 60 RESULTS AND OUTLOOK 66 ANALYSIS OF FINANCIAL PERFORMANCE IN 2012 66 CAPITAL MARKETS 72 INVESTMENTS AND OUTLOOK 76 CORPORATE INFORMATION / CREDITS 80 1 UL TRAPAR In 2012, Ultrapar completed 75 years of history scale, maintaining the trajectory of robust and marked by the conduction of good businesses, consistent earnings growth. As a result of this with outstanding products and services to strategy, and supported by a corporate culture its customers, by the consistent planning based on continuous innovation, sustainability and execution of its strategy, by growth and of its businesses and a corporate governance development opportunities for its employees and designed to ensure the continuity of the company consequent value creation. Ultrapar holds leading and its growth, Ultrapar completed this year 26 positions in its markets: fuel distribution through consecutive quarters of EBITDA growth, attesting Ultragaz and Ipiranga, production of specialty the resilience and consistency of its growth.
    [Show full text]
  • Annual Report
    Annual Report Planned future Profile On the verge of completing 70 years, agrochemicals, among others. With focused on performance excellence since starting its first business in its modern and well-equipped and technological improvement Brazil, Ultrapar Participações has laboratories, it develops products in its products and processes. been well-known for its consistent specially designed for its customers, growth and solid financial situation. a key factor which helps to set the The three businesses employ almost This position has been achieved company apart from its competitors. 7,000 people and participate actively through constant innovation The relationship that the company in the communities in which they in technology and services, enjoys with Brazil’s best-known operate. Several social programs supported by the talent of its universities, as well as both national provide the basis for one of Ultrapar’s people, precise cost control and the and international research centers, central commitments – the constant quest for profitability. together with a team of world class undertaking to grow in a responsible researchers and specialists in the and sustainable manner. Certification Ultrapar is one of Brazil’s largest area of tensoactives, all strengthen in regard to the environment and economic groups and it is in the its leadership in this field. the quality of services provided, process of internationalizing its concern for the health and business – having started three Ultracargo provides outstanding development of employees, as well years ago with an acquisition integrated logistics services, with as the requirement for suppliers in Mexico. The company has a the transport, storage, distribution to meet similar standards, all leadership position in each of and handling of chemical demonstrate company’s responsible segments in which it operates, products and fuels in Brazil.
    [Show full text]
  • ULTRAPAR PARTICIPAÇÕES S.A. (Exact Name of Registrant As Specified in Its Charter)
    As filed with the Securities and Exchange Commission on May 29, 2002 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F 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, 2001 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14950 ULTRAPAR PARTICIPAÇÕES S.A. (Exact name of Registrant as specified in its charter) ULTRAPAR HOLDINGS INC. THE FEDERATIVE REPUBLIC OF BRAZIL (Translation of Registrant’s name into English) (Jurisdiction of incorporation or organization) Av. Brigadeiro Luiz Antonio, 1343, 9º Andar São Paulo, SP, Brazil 01317-910 (Telephone: 55-11-3177-6513) (Address and telephone number of principal executive offices) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Name of each exchange on which registered Preferred Shares, without par value* New York Stock Exchange ______________ * Traded only in the form of American Depositary Shares (as evidenced by American Depositary Receipts) each representing 1,000 Preferred Shares which are registered under the Securities Act of 1933. 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 The number of outstanding shares of each class of stock of Ultrapar Participações S.A. as of December 31, 2001.
    [Show full text]
  • Relatório Anual 2017 02 RELATÓRIO ANUAL ULTRA 2017 Apresentação
    Relatório Anual 2017 02 RELATÓRIO ANUAL ULTRA 2017 Apresentação Seja bem-vindo ao relatório anual do Ultra. Esta versão apresenta os principais destaques entre as atividades, relacionamentos e resultados alcançados em 2017 por nossos negócios – Ipiranga, Oxiteno, Ultragaz, Ultracargo e Extrafarma. Pelo segundo ano, apresentamos uma visão mais completa com a inclusão de novas informações socioambientais, reforçando nossa divulgação de resultados. Nosso Modelo de Sustentabilidade contempla cinco pilares (Segurança, Meio Ambiente, Pessoas, Produtos e Serviços e Cadeia de Valor), que são incorporados na gestão de cada empresa. Respeitando o segmento e o contexto em que opera, cada negócio do Ultra também tem seus próprios indicadores. Também estamos atentos às melhores práticas de relato, buscando incorporar princípios da Global Reporting Initiative (GRI) e do International Integrated Reporting Council (IIRC). Para nós, a transparência institucional é o caminho para que possamos apresentar uma visão mais completa do impacto e do valor que geramos para nossos públicos de relacionamento. As informações relacionadas aos nossos pilares de sustentabilidade levam em conta o nível de maturidade da Companhia no Confira nosso desempenho levantamento e acompanhamento dessas informações e a completo em relevância desses dados para os públicos de relacionamento. www.ultra.com.br/Ultra/ relatorio/2017/pt Boa leitura! APRESENTAÇÃO 03 Mensagem da liderança Com uma trajetória pautada pelas Dois eventos exigiram flexibilidade e dinâmica exigiu uma forma diferente de melhores práticas de governança velocidade de reação para seguirmos atuação da Ipiranga e da Ultragaz, que corporativa e solidez financeira, nossos planos, embasados por nossa visão reagiram rapidamente para continuar comemoramos, em 2017, 80 anos de de futuro: o posicionamento do Conselho servindo seus clientes e revendedores com história do Ultra.
    [Show full text]
  • View Annual Report
    ULTRAPAR MESSAGE FROM THE MANAGEMENT KEY INDICATORS AND HIGHLIGHTS MANAGEMENT FUNDAMENTALS MANAGEMENT MODEL AND STRATEGY CORPORATE GOVERNANCE MANAGEMENT RISK MANAGEMENT RELATIONSHIP WITH STAKEHOLDERS SOCIO-ENVIRONMENTAL PERFORMANCE ULTRAPAR’S BUSINESS SEGMENTS IPIRANGA OXITENO ULTRACARGO ULTRAGAZ EARNINGS REVIEW AND OUTLOOK EARNINGS REVIEW CAPITAL MARKETS INVESTMENTS AND OUTLOOK CORPORATE INFORMATION / CREDITS ULTRAPAR Ultrapar is one of the largest business groups in Brazil, with leading position in its markets achieved along its 72 years of history. The company operates in the fuel distribution business through Ipiranga and Ultragaz, in the chemical industry through Oxiteno and in the logistics for liquid bulk segment through Ultracargo. With 9.4 thousand employees, Ultrapar has operations in the entire Brazilian territory and has industrial units in Mexico and Venezuela and commercial offices in Argentina, Belgium and the United States through Oxiteno. In 2009, Ultrapar celebrated its 10th anniversary of simultaneous listing at the BM&FBOVESPA (São Paulo Securities, Commodities and Futures Exchange) and at the NYSE (New York Stock Exchange). During these 10 years, Ultrapar’s expansion and value creation strategy, based on the increase of operational scale, technological differentiation and excellence in managing its businesses, allowed significant growth in its results, with EBITDA and net earnings presenting annual average growth of 15% and 18%, respectively, and enabled the company to be assigned investment grade rating by Moody’s (Baa3) and Standard & Poor’s (BBB-). 2 th listing 10anniversary AnnuAl AverAge growth of 15% in eBitDA AnD 18% in net eArnings 3 / ANNUAL REPORT 2009 ULTRAPAR MessAge fRoM The MAnAgeMenT In 2009, we intensified the capture of results and benefits associated with our planned process of sustained expansion.
    [Show full text]
  • Ultrapar Participações S.A. January 2018 Considerations
    Ultrapar Participações S.A. January 2018 Considerations Forward-looking statements This document may include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Investors are cautioned that such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the business of Ultrapar Participações S.A. (“Ultrapar”) are based on current expectations that are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. Ultrapar is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. For this reason, readers should not place undue emphasis on these forward-looking statements. Standards and criteria adopted in preparing the information The financial information presented in this document has been prepared according to International Financial Reporting Standards (IFRS). The financial information of Ultrapar corresponds to the company’s consolidated information. The financial information of Ipiranga, Oxiteno, Ultragaz, Ultracargo and Extrafarma is reported without elimination of intercompany transactions. Therefore, the sum of such information may not correspond to the consolidated financial information of Ultrapar. In addition, the financial and operational information presented in this document is subject to rounding off and, consequently, the total amounts presented in the tables and charts may differ from the direct sum of the amounts that precede them.
    [Show full text]
  • Logistics Outsourcing in Brazil
    Logistics Outsourcing in Brazil by Adriana Rossiter Hofer, Ph.D. & Richard D. Armstrong September, 2008 Phone: +1-800-525-3915 Website: www.3plogistics.com Email: [email protected] ABOUT ADRIANA ROSSITER HOFER, Ph.D. Adriana Rossiter Hofer, Ph.D. (University of Maryland) is a visiting professor in the Department of Marketing and Logistics at the Sam M. Walton College of Business, University of Arkansas. Adriana’s research interests include logistics outsourcing partnerships and supply chain collaboration. Her research has appeared in the Journal of Air Transport Management and several conference proceedings. Prior to pursuing her Ph.D., Adriana worked as an engineering consultant specializing in the design, privatization, and concession of transportation infrastructure. Adriana was born and raised in Brazil. ABOUT ARMSTRONG & ASSOCIATES, INC. Armstrong & Associates, Inc. is a supply chain market research and consulting firm specializing in 3PL market research, provider benchmarking, strategic planning, mergers and acquisitions, logistics outsourcing, centralized transportation management programs, and supply chain systems evaluation and selection. Armstrong & Associates publishes Who’s Who in Logistics and Supply Chain Management – The Americas and Who’s Who in Logistics and Supply Chain Management - International. Recent research papers include Warehousing in North America - 2008, Hanging Tough – U.S. and Global – 3PL Financial and Acquisition Results for 2007 and Projections to 2010, and Trends in 3PL/Customer Relationships. All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopied, recorded or otherwise, without the prior permission of the publisher, Armstrong & Associates, Inc. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed.
    [Show full text]