JSL announces its 3Q18 results


JSL S.A.
3Q18 Earnings Release

São Paulo, November 08, 2018 – JSL (B3: JSLG3 and Level 1 ADR: JSLGY), presents its results for 3Q18, which includes JSL Logística and CS Brasil, and, separately, the results of Vamos, Movida and Original, 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 3Q18, 2Q18 and 3Q17, except where indicated.

Operating and Financial Highlights

Record Net Income of R$128.5 million YTD; in the 3Q18 it totaled R$54,0 million, growing for the fifth consecutive quarter. The evolution of the results was sustained by better performance in all companies, with improved margins in Logistics, operational evolution of Movida and growth opportunities in Vamos;
Record EBITDA of R$420 million, 34.4% higher than 3Q17, with EBITDA Margin of 24.9%;
Net Revenue of R$2.1 billion in 3Q18, an increase of 10.5% compared to 3Q17, due to the resilience of our long-term contracts and diversification of services, participating in more than 16 segments of the economy;
We increased our stake in Movida to 70.1% after the capital increase completed in October, at a price of R$6.26, which totaled R$312.6 million. The adjustments made in part of the processes coupled with the scale reached, even without the full maturity of the business, begins to demonstrate the potential of results in Movida;
JSL won for the fifth time the Transparency Trophy of ANEFAC (National Association of Executives of Finance, Administration and Accounting) in October 2018;
ROIC of 10.4%, the highest profitability of the last 8 years, which means an evolution of 2 p.p. in relation to 3Q17;
Our companies are structured, with focused people and in segments with great potential for growth, which makes us believe that we are starting a new cycle of development connected to differentiated results.

To access the Earnings Release, click here.

The Company is pleased to invite you to participate in its 3Q18 Earnings Conference Calls, as follow:

Conference Call and Webcast (with Simultaneous Translation into English) 
Friday, November 09, 2018
08:00 a.m. (NY Time)
11:00 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.