DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read 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. It has attitude in its businesses. through its three subsidiaries: multimodal and terminal operations Ultragaz, Oxiteno and Ultracargo. strategically positioned at Brazil’s The company’s philosophy of main petrochemical complexes transparency is also reflected in Ultragaz, Ultrapar’s oldest business, – Camaçari (BA) and Paulínia (SP), its dealings with the stock market. is the leader in the Brazilian LPG as well as at Brazil’s main ports, With shares listed on the São (liquefied petroleum gas) market, such as Santos (SP), Suape (PE) Paulo Stock Exchange (Bovespa) with a market share of 24%, and the and Aratu (BA). One of its main and the New York Stock Exchange sixth largest independent distributor attributes is its technological (NYSE) since 1999, Ultrapar was in the world. It serves more than 10.5 innovation, which allows the Brazil’s first company to grant tag million homes and approximately company to develop new formats along rights to all its shareholders 30,000 industrial and commercial for logistic operations and processes, in 2000, one year before the new customers in the South, Southeast, including in-house operations. Brazilian Corporate Law came into Northeast and Central West of Brazil. force. Most members of its Board In terms of management tools, the of Directors are independent, while Oxiteno is Mercosur’s sole producer company uses the Economic Value the company complies with the of ethylene oxide and its main Added (EVA®) methodology in all requirements of the Sarbanes- derivatives, with a strategic focus its businesses, while applying the Oxley Act, with a 5-member Fiscal on the production of specialty Balanced Scorecard (BSC) to measure Council, that also performs the chemicals. Its products are used fulfillment not only of the goals duties of the Audit Committee. in the many different industries, established for levels of profitability, such as textiles, paints, cosmetics, cash flow and financial strength, detergents, packaging and but also fulfillment of the strategies Ultragaz – LPG distribution in Brazil Bulk transport truck Imports LPG storage Pipelines Local refinery Bottling facility Bottled delivery truck EntregaHome doméstica delivery Points of sale Bulk transport truck Satellite storage facility Primary storage facility Resellers network Small bulk delivery truck Small bulk client Secondary storage facility Large bulk delivery truck Large bulk client From past to future 1937 to 1960 Foundation of Ultragaz and LPG business expansion – by the end of this period Ultragaz’s client base reaches 1 million consumers. 1960 to 1970 Business diversification – expansion to chemicals and petrochemicals, fertilizers, transport and storage, engineering and agribusiness segments, among others. Incorporation of Oxiteno and Ultracargo. 1970 to 1995 Refocus on businesses in which the company had the strongest expertise (LPG distribution, chemicals and specialized logistics), with the divestment of other businesses. 1995 to 2005 Expansion of activities in LPG distribution, chemicals and specialized logistics, through organic growth and acquisitions. Broadening the scope of corporate governance concepts by going public, simplifying its corporate structure and increasing minority shareholders’ rights. Beginning of the company’s internationalization process. Oxiteno – position in the petrochemical chain... 2nd generation st Refinery 1 generation Oxiteno Petrobras Crackers ✓ ethylene ✓ naphtha ✓ ethylene oxide and its derivatives ...broad coverage of markets and applications of ethylene oxide and derivatives Packaging Food Cosmetics Paints and varnishes Agricultural chemical Hydraulic fluids Resins Detergents Textiles Leather Geographical presence North America Europe Asia Africa Brazil Latin America �������� ������� ���������� Contents Message from the Executive Offi cers Key indicators and highlights Business philosophy and strategy Management fundamentals Innovation Corporate governance Relationship with stakeholders Environment Overview of operations Ultragaz Oxiteno Ultracargo Earnings review and outlook Earnings review Capital markets Investments and outlook Audited fi nancial statements Corporate information Planned future A company which has been in existence for almost 70 years could only have been set up with a vision for the long term. And so Ultrapar has grown, always in tune with different economic environments and committed to the country’s development. In each project, the company stamps its mark with technological and customer service innovations, disciplined capital allocation and respect for people and the environment, principles employed today which ensure the conquests of the future. Solidity, security, effi ciency and quality are refl ected in the synergy with customers and in Ultrapar’s creative profi le, which is focused on achieving its strategic plans, thus gaining new ground and consolidating its leading position in the marketplace. Message from the Executive Offi cers Last year represented a test of the This diffi cult operating environment resilience and solidness of Ultrapar strengthened Ultrapar’s resolve to and its subsidiaries. The operating pursue the strategy of achieving environment was challenging to all growth through increased scale, the our subsidiaries, which had to live with use of outstanding technology and the increase in oil prices, the weaker focus on optimizing expenditure. demand in Brazil, the appreciation in We are reinforcing our efforts to the Real, and the decline in the price capture more value from the sales of petrochemical commodities. of our products and services, while at the same time reducing costs and We reported R$ 299 million in net increasing the company’s profi tability. earnings, 28% below the net earnings achieved in 2004, but 22% above During the year, we have prepared the net earnings posted in 2003, ourselves fi nancially for the expansion a signifi cant result in light of the of our operations, whether through challenging operating environment. organic expansion in Brazil or through At the same time, the strong cash acquisitions abroad. We ended the fl ow in the year led to the distribution year with R$ 1.6 billion in cash, of of R$ 157 million in dividends for which US$ 250 million was raised in the year 2005, representing a 6% the international markets through yield on Ultrapar’s closing share a 10-year bond issue in December, price at the end of the year. which was awarded a credit rating above that of Brazilian sovereign risk. Although we were pleased with the company’s ability to weather such a The company has a major inquietude severe test and manage to keep results for growth. We have a team of highly within historical levels, this situation capable professionals, who constitute is not what we plan for the future. our most important competitive edge. Ultrapar Annual Report | 2005 The investment program approved for consolidated its leadership position this year is substantial. The investment with a 24% share of the market, now budget of R$ 388 million for 2006 far being able to fully concentrate its exceeds the R$ 219 million invested efforts on increasing profi tability. last year. We remain alert to expansion The strategy strives daily for a closer opportunities through acquisitions, at and more effi cient management the same time as continuing to invest of the sales channels, including a in increasing production capacity. program for the review of Ultragaz’s distribution structure, aiming at Oxiteno is to receive investments for rationalizing costs and expenses, as the construction of Latin America’s fi rst well as the optimal use of assets. fatty alcohol plant – comparable to the largest
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]
  • 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.
    [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]