JSL announces its 1Q18 results


JSL S.A.
1Q18 Earnings Release

São Paulo, May 10, 2018 – JSL (B3: JSLG3 and Level 1 ADR: JSLGY), Company with the broadest portfolio of logistics services in Brazil and leader in its segment in terms of net revenue, presents its results for 1Q18, which includes JSL Logística, and, separately, the results of Vamos, Movida and JSL Light Vehicle Dealerships, which together make up the results of JSL Consolidated. The financial information is presented in millions of Reais, unless otherwise indicated. The Company‘s interim financial information is prepared in accordance with Brazilian corporate law and presented on a consolidated basis in accordance with CPC-21 (R1) Interim Financial Reporting and IAS 34 – Interim Financial Reporting, issued by the IASB. The comparisons refer to the revised data for 1Q18, 4Q17 and 1Q17, except where indicated.

Operating and Financial Highlights

Consolidated Net Revenue of R$1.9 billion in 1Q18 (+11.2% YoY);
Consolidated Net Revenue from Services of R$1.5 billion in 1Q18 (+18.0% YoY);
Consolidated Net Revenue from Sale of Assets of R$424.2 million in 1Q18;
EBITDA of R$353.9 million (+22.0% YoY) and EBITDA Margin of 23.4% in 1Q18 (+0.8 p.p. a/a);
Net Income of R$25.1 million in 1Q18, an increase of R$43.2 million when compared to 1Q17;
Consolidated Net CAPEX of R$355 million in 1Q18;
Reopening of the Bonds program in January/2018 raising an additional US$300 million, extending the debt profile to an average term of 4.2 years and diversifying funding;
Beginning of a new cycle of group development, which will be fostered by the organization of our activities into independent and synergic companies, simplifying the business structure, facilitating its understanding by the market and increasing the transparency of each company.

To access the Earnings Release, click here.

The Company is pleased to invite you to participate in its 1Q18 Earnings Conference Calls, as follow:

Conference Call and Webcast (with Simultaneous Translation into English) 
Friday, May 11, 2018
8:00 a.m. (NY Time)
9:00 a.m. (São Paulo Time)

Dial-in Phone Numbers
Parties in Brazil: +55 (11) 2188-0155
Parties in other countries: +1 (646) 843-6054
Access Code: JSL

Webcast AccessA slide presentation will be available for viewing and downloading on the IR session of our website www.jsl.com.br/ir. The Conference Call will be live broadcast over the platform, remaining available after the event.