2 q10 presentation

August 2010

1

Conference Call and WebcastQ2 2010 Earnings

This presentation contains statements that may constitute “forward-looking statements”,

based on current opinions, expectations and projections about future events. Such

statements are also based on assumptions and analysis made by Wilson, Sons and are

subject to market conditions which are beyond the Company’s control.

Important factors which may lead to significant differences between real results and these

forward-looking statements are: national and international economic conditions;

technology; financial market conditions; uncertainties regarding results in the Company’s

future operations, its plans, objectives, expectations, intentions; and other factors

described in the section entitled "Risk Factors“, available in the Company’s Prospectus, filed

with the Brazilian Securities and Exchange Commission (CVM).

The Company’s operating and financial results, as presented on the following slides, were

prepared in conformity with International Financial Reporting Standards (IFRS), except as

otherwise expressly indicated. An independent auditors’ review report is an integral part of

the Company’s condensed consolidated financial statements.

2

LEGAL ADVICE

127.2115.4

25.2 28.7

2Q08 2Q09

Net Revenues Operating Profit

-9.3%

13.6%

19.8% 24.8%

CONSOLIDATED RESULTS – 2Q10 & 1H10

Highlights Net Revenues & Operating Profit (USD million)

EBITDA (USD million) Net Income (USD million)

• Revenues of USD 141.5M up 22.7% compared to 2Q09 (YTD up 20.1%), with underlying growth across major businesses;

• EBITDA of USD 42.1M up 16.7% (YTD down 2.0%), with growth in both Container terminals, Brasco, Towage special operations, Logistics and Shipping Agency;

•Net Income of USD 31.0M for 2Q10, USD 37.3M for the first half of 2010.

• One-time entry of USD 10.4M in Shipyards operating results along with pre-tax USD 10.0M gain on disposal both related to formation of joint venture Wilson, Sons Ultratug Offshore

127.2115.4

25.2 28.7

2Q08 2Q09

Net Revenues Operating Profit

-9.3%

13.6%

19.8% 24.8%

219.0263.0

52.4 46.0

1H09 1H10

20.1%

-12.2%

23.9% 17.5%

115.4

141.5

28.731.8

2Q09 2Q10

22.7%

10.8%

24.8% 22.4%Operating

Margin

36.142.1

2Q09 2Q10

16.7%

31.2% 29.7%EBITDA Margin

67.3 65.9

1H09 1H10

-2.0%

30.7% 25.1%

33.1

31.0

2Q09 2Q10

-6.2%

28.7% 21.9%

49.2

37.3

1H09 1H10

-24.3%

22.5% 14.2%Net Margin

3

HIGHLIGHTS BY BUSINESS

Port Terminals• Revenue growth of 28.8% for the quarter. (up 28.5% year to date)• O&G Terminal: revenue growth of 112.3% for the quarter (up 84.5% year to date) with growth in volumes and auxiliary services for contract and spot clients

Towage• Revenues increased 4.5% for the quarter (up 8.4% YTD) versus 09• Growth in special operations, which now represents 13.4% of total Revenues

Offshore• Quarterly revenues down 15.2% as Wilson, Sons Ultratug joint venture was officially formed• YTD revenues are 5.9% higher versus 09 as a result of a larger fleet.

Logistics• Operation numbers increased with growth in existing client operations and new contracts.

Shipyard• Close contract for civil works on Company’s new shipyard facilities in Guarujá (SP)• Preliminary environmental license for Company’s shipyard facilities in Rio Grande (RS)

Shipping Agency• Higher volumes drive Revenue and EBITDA growth compared to 2Q09

PORT SYSTEM

MARITIME SYSTEM

LOGISTICS SYSTEM

4

PORT TERMINALS

Net Revenues (USD million) EBITDA (USD million) & EBITDA Margin (%)

Volumes (TEUs ‘000) Brasco Revenues

2Q09 2Q10

-1.5%238.0 234.5

145.1

33.8

55.6

174.2

29.6

34.2

1H09 1H10

6.2%416.4

53.4

57.0

442.1

60.8

96.7

306.0

284.7

2Q09 2Q10

28.8%

43.455.9

1H09 1H10

28.5%

78.0

100.2

2Q09 2Q10

36.3%

35.5%33.5%

14.6

19.8

25.2

32.6

1H09 1H10

29.2%

32.4% 32.5%

198.2

238.0

29.0 34.230.9 29.6

138.3174.2

2Q08 2Q09

399.1 416.4

57.5 57.0

57.2 53.4

284.3 306.0

1H08 1H09

Deep Sea

Cabotage

Others

198.2

238.0

29.0 34.230.9 29.6

138.3174.2

2Q08 2Q09

399.1 416.4

57.5 57.0

57.2 53.4

284.3 306.0

1H08 1H09

Deep Sea

Cabotage

Others

198.2

238.0

29.0 34.230.9 29.6

138.3174.2

2Q08 2Q09

399.1 416.4

57.5 57.0

57.2 53.4

284.3 306.0

1H08 1H09

Deep Sea

Cabotage

Others

* Includes shifting, transhipment and inland navigation

5

*

6.8

14.3

2Q09 2Q10

15.5% 25.6%

112.3%

11.8

21.8

1H09 1H10

15.2% 21.8%

84.4%

TOWAGE

# Manoeuvres Special Operations (% Total Towage Revenues as of 1H10)


1H09 1H10

0.4%

24,804 24,905

2Q09 2Q10

12,553

0.4%

12,509

Harbour Manoeuvres

Special Operations

2Q09 2Q10

4.5%

36.2

37.8

1H09 1H10

8.4%

67.5

73.230.4

24.2

1H09 1H10

-20.4%

45.0% 33.0%

16.9

12.1

2Q09 2Q10

46.7%

-28.6%

31.9%

Harbour Manoeuvres

Special Operations

85.9

14.1

6

OFFSHORE

# Days in Operation* # PSVs*


4Q091Q10

2Q107

8

9

2Q09 2Q10

501

717

1H09 1H10

935

1,348

43.2% 44.1%

2Q09 2Q10

10.4

8.8

-15.2%

1H09 1H10

5.9%

18.5

19.66.2

4.9

2Q09 2Q10

-20.2%

59.5% 56.0%

11.1

8.7

1H09 1H10

-21.4%

60.0% 44.6%

7* Includes the total numbers for the joint venture, of which Wilson, Sons owns 50%

SHIPYARD


8

4.7

13.2

2Q09 2Q10

179.1%

11.9

19.7

1H09 1H10

65.4%

2.5

10.5

2Q09 2Q10

323.4%

52.3% 79.4%

7.2

11.9

1H09 1H10

60.4%

65.7%

60.5%

SHIPPING AGENCY

Operational Indicators


1H09 1H10

11.1%

3,0933,437

2Q09 2Q10

6.4%

1,6591,766

1H09 1H10

10.0%

26,693 29,364

2Q09 2Q10

10.3%

14,231 15,697

2Q09 2Q10

11.4%

25,786 28,722

1H09 1H10

7.6%

51,18855,073

# Vessel Calls # BLs Issued # Cntrs Controlled

3.64.2

2Q09 2Q10

14.3%

1H09 1H10

20.9%

6.7

8.0

0.70.9

2Q09 2Q10

22.8%

21.5%20.0%

1.0 1.0

1H09 1H10

0.3%

12.6%15.2%

9

LOGISTICS

# Trips # of Operations


1H09 1H10

66.9%

28,328

47,287

2Q09 2Q10

73.9%

17,376

30,222

20 23

2Q09 2Q10

15.0%

2023

1H09 1H10

15.0%

2Q09 2Q10

28.0%

16.9

21.7

1H09 1H10

16.5%

36.3

42.2

1.6

2.3

2Q09 2Q10

50.2%

9.2% 10.8%

4.2

4.5

1H09 1H10

7.5%

11.6% 10.7%

10

CORPORATE

1H09 vs. 1H10

2Q09 vs. 2Q10

11

EBITDA 1H09 Exchange Rate Effect Net Revenues Personnel Expenses Other Operating Expenses EBITDA 1H10

(11.9)

(2.6) (0.1) (0.5)

(2.0)

(17.1)

EBITDA 2Q09 Exchange Rate Effect Net Revenues Personnel Expenses Other Operating Expenses

EBITDA 2Q10

(0.1) 0.6

(1.7)

(1.0)

(6.3)

(8.5)

(USD million)

(USD million)

EBITDA

1H09 vs. 1H10

2Q09 vs. 2Q10

36.1

5.3

(4.8) (1.2)

0.8

8.0 0.2

(2.1)

42.1

EBITDA 2Q09 Port Terminals Towage Offshore Logistics Shipyard Shipping Agency Corporate EBITDA 2Q10

67.3

7.4

(6.2) (2.4)

0.3 4.7 0.0

(5.2)

65.9

EBITDA 1H09 Port Terminals Towage Offshore Logistics Shipyard Shipping Agency Corporate EBITDA 1H10

+ 16.6%

- 2.1%

12

(USD million)

(USD million)

49.2 37.3

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1H09

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1H10

10.0

(5.0)

(12.0) (2.1)

10.9

(12.4)

(1.4)

33.1 31.0

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2Q09

EBIT

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2Q10

10.0

(2.9)

(7.4) (1.6)

7.9

(13.9)

6.0

NET INCOME

1H09 vs. 1H10

2Q09 vs. 2Q10

13

- 6.2%

- 24.3%

(USD million)

(USD million)

25%

40%

26%

8% 1%

35%

27%

25%

9%1% 3%

CAPITAL EXPENDITURES

Capital Expenditures (USD million) Major expenditures

Capex Breakdown

33.3

25.5

2Q09 2Q10

-23.3%

77.860.7

1H09 1H10

-22.0%

35%

27%

25%

9%1% 3%

Port Terminals Towage Offshore Logistics Shipyard Shipping Agency Corporate

1H09 1H10

• Port Terminals: civil works for Tecon RG andpurchase of other equipment across the business(STS, RTGs and MHC);

• Towage and Offshore: fleet renewal andexpansion

• Logistics: equipment for new client in-houseoperations , such as fork-lifts and tractors.

14

CASH POSITION & DEBT PROFILE

Leverage Indicators (USD million)

Debt Currency ProfileDebt Source Profile

270.4

-148.1

122.4

Total Debt Cash & Equivalents Net Debt

BRL10.0%

USD90.0%FMM

81.5%

Others18.5%

FMM Others

15

Short Term

8.1%

Long Term91.9%

Debt maturity profile

INVESTOR RELATIONS CONTACTS

Felipe Gutterres

CFO of the Brazilian Subsidiary, Legal Representative and Investor [email protected]

Phone: + 55 (21) 2126-4122

Michael Connell

Investor [email protected]

Phone: + 55 (21) 2126-4107

IR e-mail address: [email protected] website: www.wilsonsons.com/ir

BOVESPA: WSON11

Bloomberg: WSON11 BZ

Reuters: WSON11.SA

Eduardo Valença


Phone: + 55 (21) 2126-4105

Guilherme Nahuz


Phone: + 55 (21) 2126-4263

16

mailto:[email protected]

mailto:[email protected]

http://www.wilsonsons.com/ir

Documents

2 q10 presentation