2. Business segments
Assistance
Health Segment Dental Segment
Services
Dental HMO
Healthcare Administration Services
Assistance Services
Ranking: #1 Ranking: #4
Ranking: #1
Number of lives: 1.37 million Number of lives: 695 thousand
Number of items: 19.3 million
No underwriting risk. Fee business Underwriting of frequency risk
Underwriting of frequency risk
only.
Shared structure
Network management – Contact Center – Claims processing
2
3. Recent events
ACQUISITION DENTAL – Tempo announced on June 9, 2008 the acquisition of
Prevdonto (Plano de Assistência Odontológica Unidonto Ltda.), a dental benefit plan
company that offers services to approximately 130 thousand beneficiaries in the
northern part of Brazil.
ACQUISITION HEALTH – Tempo announced on June 6, 2008 the acquisition of a
home care company called Staff Builders. This acquisition made Tempo the leader in
the home care market. Tempo then created Efectiva Saúde Gerenciada in order to
consolidate the HomeCare business as one company.
CONTRACT WITH MARÍTIMA SEGUROS - On June 12, 2008, Tempo and Marítima
Seguros finalized a service providing contract in the Specialized Assistance Segment.
Through this contract, Tempo will offer its Specialized Assistance services to over
500,000 insured items pertaining to Marítima.
3
5. Tempo posts 87.2% increase in EBITDA
Earnings - Tempo (R$MM)
Net Revenue - Tempo (R$MM) EBITDA - Tempo (R$MM)
11.2%
7.5%
16,5
18,9
169,0
134,1 7,2
10,1
2Q07A 2Q08A
2Q07A 2Q08A 2Q07A 2Q08A
EBITDA EBITDA margin
NET REVENUES EBITDA EARNINGS
Economies of scale and
Solid volume growth in all synergies continue to boost Low effective tax rate and
business segments margins financial results improved
Earnings
5
6. Health segment
EBITDA- Health (R$MM)
Net Revenue - Health (R$MM) General and Administrative Expenses - Health (R$MM)
15,5% 8,0%
13,9%
3,6%
7,9
99,0 13,8
11,2
72,6
2,6
2Q07A 2Q08A 2Q07A 2Q08A
2Q07A 2Q08A
General and Administrative Expenses Expense Margin
EBITDA EBITDA margin
REVENUES SG&A EBITDA
Revenue growth driven by Dilution continues EBITDA powered by growth
lives increase and Home and M&A
Care acquisition
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7. Dental segment: 2008 pro forma results
Net Revenue- Dental (R$MM) Cost of Rendered Services - Dental (R$MM) EBITDA - Dental (R$MM)
55,7% 24,7%
46,0% 17,9%
18,2 4,5
11,9
5,4 3,4 1,0
2Q07A 2Q08A 2Q07A 2Q08A
2Q07A 2Q08A
Cost of Rendered Services Loss Ratio (%)
EBITDA EBITDA margin
REVENUES LOSS RATIO EBITDA
Strong top line growth Significant improvement in Continues EBITDA margin
powered by M&A and solid loss ratio expansion
organic growth
All figures in this slide take into consideration the acquisitions made in 2007 and consolidated into the Company's financials starting
January 1st, 2008 even though they were waiting for approval by ANS.
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