ULTRAPAR 2015 ANNUAL REPORT

EN PT

Management Fundamentals

Highlights in 2015

Financial performance1

R$ million

2011

2012

2013

2014

2015

Ultrapar

Net revenues from sales and services

48,629

53,869

60,940

67,736

75,655

EBITDA

2,048

2,411

2,918

3,158

3,953

Net income

860

1,027

1,229

1,251

1,513

Investments4

1,013

1,310

1,089

1,220

1,352

Dividends declared

525

627

744

779

871

Earnings per share (R$)

1.60

1.90

2.28

2.26

2.74

Dividends paid per share (R$)

0.98

1.17

1.37

1.42

1.60

Ipiranga

Sales volume (‘000 m³)

21,701

23,364

24,758

25,614

25,725

Net revenues from sales and services

42,222

46,829

53,384

58,830

65,350

EBITDA

1,366

1,653

2,030

2,288

2,769

Investments

591

942

746

815

872

Productivity (EBITDA R$/m³)

63

71

82

89

108

Oxiteno

Sales volume (‘000 ton)

660

761

776

780

725

Net revenues from sales and services

2,409

2,929

3,278

3,414

4,082

EBITDA

262

352

441

404

740

Investments

107

115

139

114

131

Productivity (EBITDA US$/ton)

237

236

263

220

306

Ultragaz

Sales volume (‘000 ton)

1,652

1,681

1,696

1,711

1,697

Net revenues from sales and services

3,767

3,847

3,982

4,091

4,621

EBITDA

281

246

281

306

357

Investments

182

157

151

181

220

Productivity (EBITDA R$/ton)

170

146

165

179

210

Ultracargo

Average storage (‘000 m³)

582

614

696

715

655

Net revenues from sales and services

260

294

332

346

316

EBITDA

117

143

158

167

26

Investments

107

82

37

26

24

Extrafarma²

Number of stores

223

254

Gross revenues

1,171

1,417

EBITDA

30

29

Investments

57

81

Capital markets

Average daily trading volume (R$ 000)³

34,646

55,498

69,874

88,577

136,671

Price at BM&FBovespa (R$/share)

32.01

46.29

55.95

51.45

60.45

Price at NYSE (US$/ADR)

17.20

22.28

23.65

19.07

15.52

1 The financial information presented in this document has been prepared according to International Financial Reporting Standards (IFRS) and EBITDA’s figures was prepared in accordance with ICVM 527. Ultrapar’s financial information corresponds to the company’s consolidated information. The financial information of Ipiranga, Oxiteno, Ultragaz, Ultracargo and Extrafarma is reported without elimination of intercompany transactions. Except where otherwise indicated, figures are presented in R$ millions.
2 In 2014, refer exclusively to the months from February to December.
3 Average daily trading volume presented considers the combined trading on the BM&FBovespa and the NYSE.
4 Organic investments.

12%

average annual growth of net revenues in the last five years

18%

average annual growth of EBITDA in the last five years

15%

average annual growth of net income in the last five years

R$ 6 bi

invested in our businesses in the last five years

SHAREHOLDERS’ EQUITY R$ million

 

NET DEBT R$ million

 

CONSOLIDATED EBITDA AND NET INCOME PROGRESSION R$ million

 

Dividends paid per share R$

 

Key indicators

NATIONAL PRESENCE

26

states and the Federal District where Ultra is present

85%

Brazilian municipalities are reached by some Ultra’s activity

Number of employees by region

 

+8

countries

626

international employees

VALUE DISTRIBUTION

The Statement of Value Added reports the value of the wealth generated by the company and the distribution among the agents that contributed to its performance. Ultrapar generated value added of R$ 6.1 billion in 2015 and R$ 5.0 billion in 2014, distributed as follows:

CAPITAL MARKETS

PERFORMANCE OF UGPA3 x IBOVESPA (BASE 100:31/12/2014)

 

DAILY TRADING VOLUME R$ million

 

PERFORMANCE OF UGP x DOW JONES (BASE 100:31/12/2014)

 

MARKET CAPITALIZATION1 R$ billion

1 Calculated based on the weighted average price of the period.