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2Q08 Earnings Results Presentation

08/15/2008

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Forward-Looking Statements

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of TPI – Triunfo Participações e Investimentos S.A.. These are merely projections and, as such, are based exclusively on the expectations of the Company’s management concerning the future of the business. Such forward-looking statements depend substantially on changes in market conditions, the performance of the Brazilian economy, the sector and the international markets, and are, therefore, subject to changes without previous notice.

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I - Highlights

Net Income (dividend base) totaled R$ 7.675 million, 218.7% up on the 2Q07.

Total traffic volume moved up 8.9% year-on-year to 14.664 million equivalent vehicles.

Consolidated Net Operating Revenue climbed by 60.4% over the 2Q07 to R$67.439 million.

Adjusted EBITDA totaled R$36.688 million, 106.9% up year-on-year.

Portonave handled 54,814 TEUs, 79.3% growth over the first quarter of 2008.

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I - Highlights

TPI signed a definitive share purchase agreement with SBS Engenharia e Construção Ltda to acquire 30% of Concepa and Rio Guaíba. On conclusion of the transaction, TPI will own 100% of both firms.

TPI acquired a company that its only asset is a site in the Baixada Santista region of São Paulo state, for a possible future infrastructure project.

In July, BNDES approved financing of R$289.70 million for Rio Verde Energia S.A, for the Salto hydroelectric plant.

In July 2008, Portonave achieved 100,000 handled TEUs after less than one year of operations.

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Traffic – Equivalent Vehicles (thousand)

II – 2Q08 Results

28,547

31,100

13,46314,664

0

5

10

15

20

25

30

35

2Q07 2Q08 1H07 1H08

8.9%

8.9%

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Traffic – Equivalent Vehicles (thousand)

II – 2Q08 Results

5,8165,555

2,6642,983

5,244

5,865

0

1

2

3

4

5

6

7

8

2Q07 2Q08 2Q07 2Q08 2Q07 2Q08ECONORTE CONCER CONCEPA

12.0%

4.7% 11.8%

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Container Handling- TEUs (thousand)

II – 2Q08 Results

85,390

30,576

54,814

0

10

20

30

40

50

60

70

80

90

1Q08 2Q08 1H08

79.3%

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Net Revenue from Operations (R$ 000)

II – 2Q08 Results

88,333

137,036

42,046

67,439

0

20

40

60

80

100

120

140

160

2Q07 2Q08 1H07 1H08

60.4%

55.1%

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Total Costs and Expenses (R$ 000)

II – 2Q08 Results

44,812

64,077

31,606

24,311

0

10

20

30

40

50

60

70

2Q07 2Q08 1H07 1H08

30.0%

43.0%

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Adjusted EBITDA (R$ 000)

II – 2Q08 Results

43,521

73,814

17,735

36,688

0

10

20

30

40

50

60

70

80

2Q07 2Q08 1H07 1H08

106.9%

69.6%

12

0

10

20

30

40

50

60

2Q07 2Q08 1H07 1H08

Adjusted EBITDA Margin (%)

II – 2Q08 Results

12.2 p.p4.6 p.p

42.2

53.949.3

54.4

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Net Financial Result (R$ 000)

II – 2Q08 Results

-25,504

-13,095

-1,700

-14,604

-30

-25

-20

-15

-10

-5

0

2Q07 2Q08 1H07 1H08

- 88.4%

- 48.7%

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Net Loss (R$ 000)

II – 2Q08 Results

-9.331

-2,968

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

2Q07 2Q08

-6.466

7,675

-8

-6

-4

-2

0

2

4

6

8

10

2Q07 2Q08

Net Income – dividend base (R$ 000)

- 68.2%

218.7%

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Total Debt (R$ 000) & as percentage of total assets (%)

III – Debt

404,632

469,363

27,7%29,4%

100,00

180,00

260,00

340,00

420,00

500,00

1Q08 2Q08

0,2%

5,2%

10,2%

15,2%

20,2%

25,2%

30,2%

35,2%

40,2%

45,2%

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Net Debt (R$ 000) & net debt / Adjusted EBITDA

III – Debt

359,118398,792

3,35

3,16

0

100

200

300

400

500

600

1Q08 2Q08

3,05

3,10

3,15

3,20

3,25

3,30

3,35

3,40

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IV – Capex

PP&E and DeferredPP&E and Deferred Assets

on June 30, 2008Net Fixed

Asset Deferred Total %

TPI 5,692 4,210 9,902 0.74

Concer 444,782 302 445,084 33.42

Concepa 233,264 0 233,264 17.52

Econorte 241,485 0 241,485 18.13

Rio Verde 107,729 11,746 119,475 8.97

Ecovale 1 2,864 2,865 0.22

Portonave 206,589 (984) 205,605 15.44

TPB 72,231 0 72,231 5.42

Rio Bonito 163 0 163 0.01

Rio Guaíba 208 0 208 0.02

OSR 1,447 0 1,447 0.11

Total 1,313,591 18,138 1,331,729 100.00

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PP&E and Deferred Assets on 2Q08

Net Fixed Asset Deferred Total %

TPI 29 1,243 1,272 2.54

Concer 6,058 300 6,358 12.68

Concepa 6,455 0 6,455 12.87

Econorte 2,709 0 2,709 5.40

Rio Verde 21,403 2,261 23,664 47.18

Ecovale 0 48 48 0.10

Portonave 9,410 162 9,572 19.08

Rio Bonito 31 0 31 0.06

Rio Guaíba 12 0 12 0.02

OSR 38 0 38 0.08

Total 46,145 4,014 50,159 100.00

IV – Capex

Increase in PP&E

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