T4F's Net Income Rises 52% in 2011

SAO PAULO, Feb. 13, 2012 /PRNewswire/ -- T4F Entretenimento S.A. ("T4F") (BM&FBovespa: SHOW3), the leader in Latin America's live entertainment market, announces today its audited results for the fourth quarter (4Q11) and full year of 2011.

• In 2011, T4F's recorded its best ever results, with double-digit percentage growth in the main lines:
  • Record EBITDA of R$110 million in 2011, 16% up on 2010 – adjusted for non-recurring IPO expenses – and R$51 million in 4Q11, up 15% from 4Q10;
  • Record Net Income of R$61 million in 2011, an increase of 52% over 2010, and R$34 million in 4Q11, 36% more than in 4Q10;
  • Cash earnings of R$97 million in 2011, 62% higher than the previous year, with a margin equivalent to 16% of net revenue.
• The company also delivered a significant increase in profit margins in 2011: gross margin of 30.6% (+144bps vs. 2010); EBITDA margin of 18.0% (+134bps adjusted vs. 2010) and net margin of 10.0% (+294bps vs. 2010).
• A 13% upturn in the number of events offered in 2011 over the year before and an 84% increase in 4Q11 (vs. 4Q10), reaching the record figure of 1,226 events.
• A robust financial position and strong liquidity: total cash of R$263 million and net cash of R$128 million at year-end, versus net debt of R$29 million at the close of 2010.

The complete set of financial statements, accompanied by the explanatory notes, can be found at T4F's investor relations website (www.t4f.com.br/ir) and at the website of the CVM - the Brazilian Securities and Exchange Comission at (www.cvm.gov.br).

T4F will host conference calls and webcasts for the discussion of its results, in Portuguese and in English, on Tuesday, February 14th. The information about the time and conference call access numbers can be found at www.t4f.com.br/ir.

CONTACT:
T4F - Investor Relations
Email: [email protected]
Phone: +55 (11) 3576-1275/1294/1420

SOURCE T4F Entretenimento S.A.