Ultrapar Announces its 2Q10 Results

SAO PAULO, Aug. 11 /PRNewswire-FirstCall/ -- Ultrapar Participacoes S.A. (NYSE: UGP / BM&FBOVESPA: UGPA4), a company engaged in fuel distribution (Ultragaz/Ipiranga), chemicals (Oxiteno), and storage for liquid bulk (Ultracargo), hereby reports its results for the second quarter of 2010.

We completed in this 2Q10 our sixteenth consecutive quarter of growth in Ultrapar's EBITDA, which reached R$ 433 million, up 35% over 2Q09, with growth in all of our businesses. We also reported in this quarter record net earnings of R$ 196 million, up 110% over 2Q09.

• VOLUME GROWTH IN ALL BUSINESSES COMPARED WITH 2Q09 AND 1Q10, AS A RESULT OF THE BRAZILIAN ECONOMIC GROWTH, ACQUISITIONS AND EXPANSION PROJECTS
• ULTRAPAR'S EBITDA REACHES R$ 433 MILLION, UP 35% ON 2Q09, WITH GROWTH IN ALL BUSINESSES
• ULTRAPAR REPORTS RECORD NET EARNINGS OF R$ 196 MILLION, 110% GROWTH OVER 2Q09
• DIVIDEND DISTRIBUTION OF R$ 177 MILLION APPROVED FOR 1H10, CORRESPONDING TO A 53% PAYOUT OF THE CONSOLIDATED NET EARNINGS
• CONCLUDED THE SALE OF ULTRACARGO'S IN-HOUSE LOGISTICS, SOLID BULK STORAGE AND ROAD TRANSPORTATION BUSINESSES

"We are pleased to report the sixteenth consecutive quarter of growth in Ultrapar's EBITDA. This growth was presented through different economic cycles, backed by the consistent planning and execution of strategy and by our focus on value creation, which drives all the company's decisions. Our businesses continue to reap the benefits from a more favorable economic environment, highlighting the improvements in Oxiteno's earnings this quarter. Concurrently, we concluded the sale of Ultracargo's road transportation, in-house logistics and solid bulk storage businesses, reinforcing its focus on liquid bulk storage."

Pedro Wongtschowski – CEO

SOURCE Ultrapar Participacoes S.A.