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ANNUAL REPORT 2011
In October 2011, Tecon Santos posted its highest-ever average monthly productivity figure of 80.67 mph per vessel.

INVESTMENTS AND

PROSPECTS

In 2011, the total investment made by Santos Brasil was R$196.7 million, close to the investments made in 2010.

More than 90% of resources were directed towards the expansion and improvement of the Company's operations, with emphasis on investments made at Tecon Imbituba – which absorbed 63.7% of the total amount invested.

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Main

Indicators

Gross Revenue

(R$ million)

Net Revenue

(R$ million)

Gross revenue breakdown

EBITDA

(R$ million)

Net Income

(R$ million)

capex

(R$ million)

EBITDA Margin