TJMG 15/04/2016 -Pág. 28 -Caderno 2 - Publicações de Terceiros e Editais de Comarcas -Tribunal de Justiça do Estado de Minas Gerais

Caderno 2 - Publicações de Terceiros e Editais de Comarcas ● 15/04/2016 ● Tribunal de Justiça do Estado de Minas Gerais

28 – sexta-feira, 15 de Abril de 2016

Publicações de Terceiros e Editais de Comarcas Minas Gerais - Caderno 2

$1'5$'(*87,(55(=&21&(66®(66$(&21752/$'$6

Página 5 de 6

&13-

2YHQFLPHQWRRFRUUHUiHPGLDVFRUULGRVGDGDWDGHHPLVVmR$V1RWDV3URPLVVyULDV
VHUmRUHPXQHUDGDVjWD[DHTXLYDOHQWHDGR&',HQmRWrPTXDOTXHUJDUDQWLDRXDYDO(P
GHPDLRGHD&RPSDQKLDTXLWRXLQWHJUDOPHQWHDVQRWDVSURPLVVyULDVFRQWUDWDGDVMXQWRDR
+6%&2YDORUWRWDOSDJRIRLGH5$*&(QHUJLD1RGLDGHPDUoRGHD$*&
(QHUJLDHPLWLXGHErQWXUHV VLPSOHVHSDUWLFLSDWLYDV FRQIRUPHGHWHUPLQDGRHPFRQWUDWRDVVLQDGR
HPGHGH]HPEURGH$VGHErQWXUHVIRUDPWRWDOPHQWHLQWHJUDOL]DGDVSHOR%1'(63$5H
VHXVUHFXUVRVIRUDPXWLOL]DGRVSDUDTXLWDURVDOGRGRVHPSUpVWLPRVGRFRQWUDWRDQWHULRU)RUDP
HPLWLGDV RLWRFHQWDVHRQ]HPLOK}HVWUH]HQWDVHWULQWDHTXDWURPLOHGH] GHErQWXUHV
VLPSOHVQmRFRQYHUVtYHLVGDHVSpFLHFRPJDUDQWLDUHDOFRPYDORUQRPLQDOWRWDOGHHPLVVmRGH
5$VGHErQWXUHVVLPSOHVIRUDPLQWHJUDOPHQWHTXLWDGDVQRGLDGHGH]HPEURGH
)RUDP HPLWLGDV WDPEpP  VHWHFHQWDV H VHVVHQWD H FLQFR PLOK}HV  GH GHErQWXUHV
SHUSpWXDVSDUWLFLSDWLYDVQmRFRQYHUVtYHLVSHUPXWiYHLVGDHVSpFLHFRPJDUDQWLDUHDOFRPYDORU
QRPLQDOWRWDOGH5$VGHErQWXUHVSDUWLFLSDWLYDVVmRSHUPXWiYHLVSRUDo}HVGD&(0,*
DSDUWLUGHIHYHUHLURGH GDVDo}HVSHUWHQFHQWHVj$*&(QHUJLD HR%1'(63$5
WHQGR R GLUHLWR DR UHFHELPHQWR DWp R PRPHQWR GHVWD SHUPXWD GH XPD UHPXQHUDomR YDULiYHO
FRUUHVSRQGHQWHDGRVSURYHQWRVYLQFXODGRVGD$*&(QHUJLD2VSURYHQWRVYLQFXODGRVVmR
WRGRVHTXDLVTXHUSURYHQWRVSDJRVRXFUHGLWDGRVSHOD&(0,*j$*&(QHUJLDHPGHFRUUrQFLDGD
SURSULHGDGHGDVDo}HVGD&(0,*GHWLGDVSHOD$*&(QHUJLDGHGX]LGRVGRSDJDPHQWRGRVYDORUHV
GHSULQFLSDOHMXURVGDVGHErQWXUHVVLPSOHVEHPFRPRGHRXWUDVGHGXo}HVSUHYLVWDVQRFRQWUDWR
(PGHDJRVWRGHR&$'(DSURYRXVHPUHVWULo}HVDWRGHFRQFHQWUDomRHQWUHR%1'(6
3DUWLFLSDo}HV %1'(63DU &RPSDQKLD(QHUJpWLFDGH0LQDV*HUDLV &HPLJ HD$*&(QHUJLD
'HVVDIRUPDDRSomRGHSHUPXWDGDVGHErQWXUHVSHUSpWXDVSHOR%1'(63DUSRUDo}HVGD&(0,*
DSDUWLUGHGHDJRVWRGHSDVVRXDVHUH[HUFtYHOVHPUHVWULo}HVDTXDOTXHUPRPHQWR
3DWULP{QLR/tTXLGR
Capital social  p FRPSRVWR GH  Do}HV RUGLQiULDV QRPLQDWLYDV H  Do}HV
SUHIHUHQFLDLVQRPLQDWLYDVWRGDVVHPYDORUQRPLQDO$VDo}HVSUHIHUHQFLDLVQmRWrPGLUHLWRDYRWR
HJR]DPGDVVHJXLQWHVYDQWDJHQVHSUHIHUrQFLDV L SULRULGDGHQRUHHPEROVRGRFDSLWDOVRFLDO
VHP GLUHLWR D SUrPLR HP FDVR GH OLTXLGDomR GD &RPSDQKLD H LL  GLUHLWR DR UHFHELPHQWR GH
GLYLGHQGRVSRUDomRSUHIHUHQFLDO GH]SRUFHQWR VXSHULRUDRDWULEXtGRDFDGDDomRRUGLQiULD
)RL GHOLEHUDGD QD $VVHPEOHLD *HUDO ([WUDRUGLQiULD UHDOL]DGD QR GLD  GH DEULO GH  D
SURSRVWDGHGHVWLQDomRGHGROXFUROtTXLGRGRH[HUFtFLRSHUFHQWXDOHTXLYDOHQWHDRYDORUGH
5SDUDDIRUPDomRGDUHVHUYDOHJDOQRVWHUPRVGRDUWLJRGD/HLQžDOpP
GD DSURYDomR GD SURSRVWD GH GLVWULEXLomR GH GLYLGHQGRV QRV WHUPRV GR DUWLJR  GR (VWDWXWR
6RFLDO GD &RPSDQKLD QR PRQWDQWH WRWDO GH 5  HTXLYDOHQWH D 5  SRU
DomR RUGLQiULD H 5  SRU DomR SUHIHUHQFLDO Mi GLVWULEXtGRV QD VXD WRWDOLGDGH HP
QDIRUPDGHGLYLGHQGRVLQWHUPHGLiULRV)RLWDPEpPGHOLEHUDGRQD$*(UHDOL]DGDQRGLD
 GH DEULO GH  DXPHQWR GR FDSLWDO VRFLDO GD &RPSDQKLD VHP D HPLVVmR GH QRYDV Do}HV
PHGLDQWH R DSURYHLWDPHQWR GH SDUWH GRV OXFURV DFXPXODGRV H[LVWHQWHV QR %DODQoR 3DWULPRQLDO
OHYDQWDGRHPGHGH]HPEURGHQRYDORUGH5'HVWDIRUPDRFDSLWDOVRFLDO
SDVVRXGH5SDUD5'LYLGHQGRV)RLDSURYDGRHP5HXQLmRGR&RQVHOKR
GH $GPLQLVWUDomR UHDOL]DGD HP  GH MXOKR GH  R SDJDPHQWR HP  GH MXOKR GH 
GH GLYLGHQGRV LQWHUFDODUHV QR YDORU GH 5  HTXLYDOHQWH D 5  SRU DomR
RUGLQiULDH5SRUDomRSUHIHUHQFLDO(P5HXQLmRGR&RQVHOKRGH$GPLQLVWUDomR
GD&RPSDQKLDUHDOL]DGDHPGHQRYHPEURGHIRLDSURYDGDDGLVWULEXLomRGHGLYLGHQGRV

&RQVROLGDGR



7RWDO


3DVVLYR¿Q
9DORUMXVWR
PHQVXUDGR
DWUDYpVGR (PSUpVWLPRV DRFXVWR
HUHFHEtYHLV
UHVXOWDGR
DPRUWL]DGR

7RWDO

$WLYRV
$SOLFDo}HV¿QDQFHLUDV


 


 
$o}HV3HUPXWiYHLV


 




&RQWDVDUHFHEHUGH
FOLHQWHV








,QVWUXPHQWR)LQDQFHLUR








3DUWHVUHODFLRQDGDV








3DVVLYRV
(PSUpVWLPRVH
)LQDQFLDPHQWRV


   


   
'HErQWXUHVH1RWDV
3URPLVVyULDV


   

    
'HErQWXUHV3HUPXWiYHLV
 

  




(PSUpVWLPRVH
)LQDQFLDPHQWRV&RQVyUFLR


 
 




)RUQHFHGRUHV


 
 


 
 

 
  
 
 
  
3DUWHVUHODFLRQDGDV


 
 
 
    
7RWDO
2VVHJXLQWHVPpWRGRVHSUHPLVVDVIRUDPDGRWDGRV‡$SOLFDo}HV¿QDQFHLUDV±6mRGH¿QLGDVFRPRHPSUpVWLPRVHUHFHEtYHLVVHQGRRVYDORUHVMXVWRV
SUy[LPRVDRVVDOGRVFRQWiEHLVGDGRRFXUWRSUD]RSDUDOLTXLGDomRGDVRSHUDo}HV‡,QVWUXPHQWRV¿QDQFHLURVGHULYDWLYRV±$VRSHUDo}HVFRP
GHULYDWLYRVWrPSRUREMHWLYRSULQFLSDODSURWHomRFRQWUDYDULDo}HVFDPELDLVQDVFDSWDo}HVUHDOL]DGDVHÀX[RVGHSDJDPHQWRHPPRHGDHVWUDQJHLUD
HHVWmRUHJLVWUDGRVSHORVHXYDORUMXVWRSRUPHLRGRUHVXOWDGR‡&RQWDVDUHFHEHUGHFOLHQWHVHFRQWDVDUHFHEHUGHSDUWHVUHODFLRQDGDVIRUQHFHGRUHV
HRXWUDVFRQWDVDSDJDU±2VYDORUHVMXVWRVVmRSUy[LPRVGRVVDOGRVFRQWiEHLVGDGRRFXUWRSUD]RSDUDOLTXLGDomRGDVRSHUDo}HV‡(PSUpVWLPRV
HGHErQWXUHV±VmRFODVVL¿FDGRVFRPRSDVVLYRV¿QDQFHLURVQmRPHQVXUDGRVDRYDORUMXVWR HPSUpVWLPRVHUHFHEtYHLV HHVWmRUHJLVWUDGRVSHOR
PpWRGRGRFXVWRDPRUWL]DGR2VYDORUHVMXVWRVVmRSUy[LPRVGRVVDOGRVFRQWiEHLVGDGRDVGHErQWXUHVHVWDUHPDWUHODGDVDLQGLFDGRUHVGHPHUFDGR
‡'HErQWXUHVSHUSpWXDVHDo}HVSHUPXWiYHLV±VmRFODVVL¿FDGDVFRPRSDVVLYRVHDWLYRV¿QDQFHLURVPHQVXUDGRDYDORUMXVWR2YDORUMXVWRUHÀHWHD
FRWDomRGDVDo}HVSHUPXWiYHLVGD&(0,*FRQIRUPHPHQFLRQDGRQDQRWDH[SOLFDWLYDQžTXHVmRQHJRFLDGDVQD%0 )%RYHVSD‡,QFHQWLYRGH
ORQJRSUD]R±FRQIRUPHPHQFLRQDGRQDQRWDH[SOLFDWLYDQžRSODQRGHLQFHQWLYRGHORQJRSUD]RpPHQVXUDGRDYDORUMXVWRHDVPRYLPHQWDo}HV
UHJLVWUDGDVQRUHVXOWDGRGRSHUtRGRE +LHUDUTXLDGHYDORUMXVWR$&RPSDQKLDSRVVXLRVVHJXLQWHVVDOGRVGHLQVWUXPHQWRV¿QDQFHLURVDYDOLDGRV
SHORYDORUMXVWRRVTXDLVHVWmRDEDL[RTXDOL¿FDGRV
&RQWURODGRUD
&RQVROLGDGR




1tYHO
$o}HV3HUPXWiYHLV




'HErQWXUHV3HUSpWXDV


 

1tYHO
'HULYDWLYRVDUHFHEHU DSDJDU




1tYHO
3ODQRGHLQFHQWLYRGHORQJRSUD]R

 

 
2VGLIHUHQWHVQtYHLVIRUDPGH¿QLGRVDVHJXLU‡1tYHOSUHoRVQHJRFLDGRV VHPDMXVWHV HPPHUFDGRVDWLYRVSDUDDWLYRVHSDVVLYRVLGrQWLFRV‡
1tYHOLQSXWVGLIHUHQWHVGRVSUHoRVQHJRFLDGRVHPPHUFDGRVDWLYRVLQFOXtGRVQRQtYHOTXHVmRREVHUYiYHLVSDUDRDWLYRRXSDVVLYRGLUHWDPHQWH
SUHoRV  RX LQGLUHWDPHQWH GHULYDGR GH SUHoRV  H ‡ 1tYHO  SUHPLVVDV SDUD R DWLYR RX SDVVLYR TXH QmR VmR EDVHDGDV HP GDGRV REVHUYiYHLV
GH PHUFDGR LQSXWV QmR REVHUYiYHLV  F $QiOLVH GH VHQVLELOLGDGH $V DQiOLVHV GH VHQVLELOLGDGH VmR HVWDEHOHFLGDV FRP EDVH HP SUHPLVVDV H
SUHVVXSRVWRV HP UHODomR D HYHQWRV IXWXURV $ DGPLQLVWUDomR GD &RPSDQKLD H GH VXDV FRQWURODGDV UHYLVDP UHJXODUPHQWH HVVDV HVWLPDWLYDV H
SUHPLVVDVXWLOL]DGDVQRVFiOFXORV1RHQWDQWRDOLTXLGDomRGDVWUDQVDo}HVHQYROYHQGRHVVDVHVWLPDWLYDVSRGHUiUHVXOWDUHPYDORUHVGLIHUHQWHVGRV
HVWLPDGRVGHYLGRjVXEMHWLYLGDGHLQHUHQWHDRSURFHVVRXWLOL]DGRQDSUHSDUDomRGDVDQiOLVHV(PDWHQGLPHQWRj,QVWUXomR&90QžGHGH
GH]HPEURGHDSUHVHQWDPRVDEDL[RDVDQiOLVHVGHVHQVLELOLGDGHTXDQWRjVYDULDo}HVQDVWD[DVGHMXURV$QiOLVHGHVHQVLELOLGDGHGHYDULDo}HV
QDVWD[DVGHMXURV$EDL[RHVWmRGHPRQVWUDGRVRVYDORUHVUHVXOWDQWHVGDVYDULDo}HVPRQHWiULDVHGHMXURVVREUHRVFRQWUDWRVGHHPSUpVWLPRV
¿QDQFLDPHQWRVGHErQWXUHVHQRWDVSURPLVVyULDVFRPWD[DVSyV¿[DGDVQRKRUL]RQWHGHPHVHVRXVHMDDWpGHGH]HPEURGH(VWmR
GHPRQVWUDGRVWDPEpPRVYDORUHVUHVXOWDQWHVGDVYDULDo}HVGHMXURVVREUHDVDSOLFDo}HV¿QDQFHLUDVFRQVROLGDGDVQRKRUL]RQWHGHPHVHV

2SHUDomR
&',
&',

5LVFR
$XPHQWRGDFRWDomR&',
'LPLQXLomRGDFRWDomR&',

$SOLFDomR)LQDQFHLUD
)XQGRVGH,QYHVWLPHQWRH&HUWL¿FDGRVGH'HSyVLWRV
,QWHUEDQFiULRV

5LVFR

GR&',

&HQiULR%DVH



&HQiULR%DVH



3URYiYHO







'HErQWXUHV1RWDV3URPLVVyULDVH(PSUpVWLPRV
%DQFRGR%UDVLO &RPSDQKLD
'HErQWXUHV6LPSOHV &RPSDQKLD

5LVFR
GR&',
GR&',

&HQiULR%DVH




(IHLWRWRWDOGHSHUGDQRUHVXOWDGR








3URYiYHO 3RVVtYHO 5HPRWR



(IHLWRWRWDOGHJDQKRQRUHVXOWDGR


3RVVtYHO 5HPRWR



3URYiYHO














3RVVtYHO

5HPRWR












 

 

 

5HIHUHVHjWD[DGHGLYXOJDGDSHOD&(7,3
$QiOLVHGHVHQVLELOLGDGHGHYDULDo}HVQDVWD[DVGHFkPELR$EDL[RHVWmRGHPRQVWUDGRVRVYDORUHVUHVXOWDQWHVGDVYDULDo}HVQDWD[DGHFkPELRGR
FRQWUDWRGHHPSUpVWLPRHPPRHGDHVWUDQJHLUDGD&RPSDQKLDQRKRUL]RQWHGHPHVHVRXVHMDDWpGHGH]HPEURGH(VWmRGHPRQVWUDGRV
WDPEpPRVYDORUHVUHVXOWDQWHVGDVYDULDo}HVUHVXOWDQWHVGRswapLQVWUXPHQWR¿QDQFHLURFRQWUDWDGRSHOD&RPSDQKLDSDUDPLWLJDURVULVFRVFDPELDVGR
HPSUpVWLPRHPTXHVWmRQRKRUL]RQWHGHPHVHV

2SHUDomR
&',
86'

3DVVLYRV¿QDQFHLURV
+6%&%DQN%UDVLO6$
'HULYDWLYRV
Swaps

&RQWURODGRUD
&RQVROLGDGR
   












 
 


 
 


 
 


 
 


&RQWURODGRUD
&RQVROLGDGR
   
'HVSHVDV¿QDQFHLUDV
3HUGDFRP,QVWUXPHQWRV)LQDQFHLURV
Do}HVSHUPXWiYHLV  D

  

-XURVVREUHHPSUpVWLPRV¿QDQFLDPHQWRV
GHErQWXUHVQRWDVSURPLVVyULDVH
DUUHQGDPHQWRVPHUFDQWLV
 
     
9DULDomRFDPELDOVREUHHPSUpVWLPRVH
¿QDQFLDPHQWRV
 
  

2XWUDVGHVSHVDV¿QDQFHLUDV
 
 
 

7RWDOGHGHVSHVDV
 
     
5HFHLWDV¿QDQFHLUDV
5HQGLPHQWRVREUHDSOLFDo}HV¿QDQFHLUDV




2SHUDo}HVGHVZDS




3,6H&R¿QVVREUHUHFHLWD¿QDQFHLUD
 

 





2XWUDVUHFHLWDV¿QDQFHLUDV
7RWDOGHUHFHLWDV




5HVXOWDGR¿QDQFHLUROtTXLGR
 
   
 
D 9DORUUHIHUHQWHjFRQWDELOL]DomRGDVDo}HVSHUPXWiYHLVDYDORUMXVWRFRQIRUPHPHQFLRQDGR
QDQRWDH[SOLFDWLYDQž
,QVWUXPHQWRV)LQDQFHLURV
D 3ROtWLFD$&RPSDQKLDHVXDVFRQWURODGDVPDQWrPRSHUDo}HVFRPLQVWUXPHQWRV¿QDQFHLURV
$DGPLQLVWUDomRGHVVHVLQVWUXPHQWRVpHIHWXDGDSRUPHLRGHHVWUDWpJLDVRSHUDFLRQDLVHFRQWUROHV
LQWHUQRVYLVDQGRDVVHJXUDUOLTXLGH]UHQWDELOLGDGHHVHJXUDQoD$FRQWUDWDomRGHGHULYDWLYRVFRP
R REMHWLYR GH SURWHomR p IHLWD SRU PHLR GH XPD DQiOLVH SHULyGLFD GD H[SRVLomR DR ULVFR TXH D
DGPLQLVWUDomR SUHWHQGH FREULU FkPELR WD[D GH MXURV HWF $ SROtWLFD GH FRQWUROH FRQVLVWH HP
DFRPSDQKDPHQWRSHUPDQHQWHGDVFRQGLo}HVFRQWUDWDGDVYHUVXVFRQGLo}HVYLJHQWHVQRPHUFDGR
$&RPSDQKLDHVXDVFRQWURODGDVQmRHIHWXDPDSOLFDo}HVGHFDUiWHUHVSHFXODWLYRHPGHULYDWLYRVRX
TXDLVTXHURXWURVDWLYRVGHULVFRFRPRWDPEpPQmRHIHWXDPRSHUDo}HVGH¿QLGDVFRPRGHULYDWLYRV
H[yWLFRV 2V UHVXOWDGRV REWLGRV FRP HVWDV RSHUDo}HV HVWmR FRQGL]HQWHV FRP DV SROtWLFDV H
HVWUDWpJLDVGH¿QLGDVSHODDGPLQLVWUDomRGD&RPSDQKLD

&RQWURODGRUD
&RQVROLGDGR
(PPLOKDUHVH[FHWRDo}HVHGDGRVSRUDomR    
1XPHUDGRU
/XFUROtTXLGRGLVSRQtYHOSDUDDFLRQLVWDV
FRQWURODGRUHV
   
'HQRPLQDGRU
0pGLDSRQGHUDGDGHDo}HVEiVLFRHGLOXtGR 




/XFURSRUDomREiVLFRHGLOXtGRHP5

&RQVROLGDGR

9DORUMXVWR
3DVVLYR¿Q
DWUDYpVGR (PSUpVWLPRV PHQVXUDGRDR
HUHFHEtYHLV FXVWRDPRUWL]DGR
UHVXOWDGR

Receitas
5HFHLWDGHVHUYLoRV
7RWDO5HFHLWDV
Deduções das receitas operacionais
,PSRVWRVVREUHUHFHLWDV
7RWDOGHGXo}HVGDVUHFHLWDV
7RWDO5HFHLWD2SHUDFLRQDO/tTXLGD
5HVXOWDGR)LQDQFHLUR



/XFUR/tTXLGRGHH[HUFtFLR


5HVHUYD/HJDO
 
 


/XFUROtTXLGRGLVSRQtYHOSDUDGLVWULEXLomR
'LYLGHQGRVSURSRVWRV±GROXFUROtTXLGRGLVSRQtYHO


 
 
 'LYLGHQGRVDQWHFLSDGRV
'LYLGHQGRVDSDJDU


9DORUGRVGLYLGHQGRVSRUORWHGHPLODo}HV21V 5 


9DORUGRVGLYLGHQGRVSRUORWHGHPLODo}HV31V 5 


2UGLQiULDV


3UHIHUHQFLDLV


Lucro por açmo básico e diluído±&RQIRUPHUHTXHULGRSHOR&3&±/XFURSRUDomR ,$6 D
&RPSDQKLDGHYHFDOFXODUROXFUREiVLFRHGLOXtGRSRUDomRFRQVLGHUDQGRROXFUROtTXLGRDWULEXtYHO
DRVDFLRQLVWDVGLYLGRSHORQ~PHURPpGLRSRQGHUDGRGHDo}HVHPFLUFXODomRGXUDQWHRH[HUFtFLR
$&RPSDQKLDQmRSRVVXLLQVWUXPHQWRVTXHSRWHQFLDOPHQWHSRGHULDPGLOXLURVUHVXOWDGRVSRUDomR

7RGDVDVRSHUDo}HVFRPLQVWUXPHQWRV¿QDQFHLURVHVWmRUHFRQKHFLGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVGD&RPSDQKLDHVXDVFRQWURODGDVFRQIRUPHR
TXDGURDVHJXLU
,QVWUXPHQWRV)LQDQFHLURV
SRUFDWHJRULD

5HFHLWDV

LQWHUFDODUHVQRPRQWDQWHGH5HTXLYDOHQWHD5SRUDomRRUGLQiULDH5
SRUDomRSUHIHUHQFLDO(VWHVGLYLGHQGRVIRUDPSDJRVHPGHQRYHPEURGH
(P5HXQLmRGR&RQVHOKRGH$GPLQLVWUDomRGD&RPSDQKLDUHDOL]DGDHPGHGH]HPEURGH
IRLDSURYDGDDGLVWULEXLomRGHGLYLGHQGRVLQWHUFDODUHVQRPRQWDQWHGH5HTXLYDOHQWHD
5  SRU DomR RUGLQiULD H 5  SRU DomR SUHIHUHQFLDO (VWHV GLYLGHQGRV
IRUDPSDJRVHPGHGH]HPEURGH$MXVWHGHDYDOLDomRSDWULPRQLDOUHIHUHVHDRVDOGRGH
UHVHUYDGHUHDYDOLDomRUHÀH[DRULJLQDGDSHOD6DQHSDUHSHOD&(0,*$UHDOL]DomRGHVWDUHVHUYD
RFRUUHQDPHVPDSURSRUomRGDVEDL[DVHGHSUHFLDo}HVGRVEHQVUHJLVWUDGRVQRDWLYRLPRELOL]DGR
REMHWRGDVUHDYDOLDo}HVReserva legal FRQVWLWXtGDFRPEDVHHPGROXFUROtTXLGRGRH[HUFtFLR
OLPLWDGD D  GR FDSLWDO VRFLDO HP FRQIRUPLGDGH FRP D /HL GDV 6RFLHGDGHV SRU$o}HV H R
(VWDWXWR6RFLDO$FRQVWLWXLomRGDPHVPDSRGHUiVHUGLVSHQVDGDQRH[HUFtFLRHPTXHRVDOGRGD
UHVHUYDDFUHVFLGRGRPRQWDQWHGDVUHVHUYDVGHFDSLWDOH[FHGHUDGRFDSLWDOVRFLDOAjuste
acumulado de conversmo±$&RPSDQKLDUHFRQKHFHQHVWDUXEULFDRHIHLWRGDVYDULDo}HVFDPELDLV
VREUH RV LQYHVWLPHQWRV GH VXDV LQYHVWLGDV LQGLUHWDV QR H[WHULRU (VVH HIHLWR DFXPXODGR VHUi
UHYHUWLGRSDUDRUHVXOWDGRGRH[HUFtFLRFRPRJDQKRRXSHUGDVRPHQWHHPFDVRGHDOLHQDomRRX
EDL[DGRLQYHVWLPHQWRRemuneraçmo aos acionistasRVGLYLGHQGRVREULJDWyULRVVmRFDOFXODGRV
FRPEDVHQRSHUFHQWXDOGHVREUHROXFUROtTXLGRGRH[HUFtFLRDMXVWDGRQRVWHUPRVGD/HL
GDV6RFLHGDGHVSRU$o}HV /HLQž $GLVWULEXLomRGHOXFURVDRVDFLRQLVWDVpGHPRQVWUDGD
FRPRVHJXH

5LVFR
$XPHQWRGDFRWDomR&',
$XPHQWRGDFRWDomR86'


&HQiULR%DVH




3URYiYHO
3RVVtYHO 5HPRWR







5LVFR


&HQiULR%DVH

3URYiYHO

86'DD
(IHLWRGHSHUGDQRUHVXOWDGR

 

GR&',



(IHLWRGHSHUGD JDQKR QR
UHVXOWDGR
(IHLWRWRWDOGHSHUGDQR
UHVXOWDGR


3RVVtYHO

 
 



5HPRWR

 
 



 

 

 

 

 
 



 

5HIHUHVHjWD[DGHGLYXOJDGDSHOD&(7,3H'yODU(8$ 3WD[9HQGD GHFRQIRUPHGLYXOJDGRSHOR%$&(1
,/3±,QFHQWLYRGH/RQJR3UD]R
2&RQVHOKRGH$GPLQLVWUDomRGD&RPSDQKLDDSURYRXR3ODQRGH,QFHQWLYRGH/RQJR3UD]RIRUPDGRSHOR3ODQR(VSHFLDOGH,QFHQWLYRGH/RQJR
3UD]R SODQR¿QDOL]DGRGHYLGRDRUHVJDWHLQWHJUDOGDV8,¶VRXWRUJDGDV HSHOR3ODQR([HFXWLYRGH,QFHQWLYRGH/RQJR3UD]RDPERVQD0RGDOLGDGH
GH³2So}HV)DQWDVPDV´QmREDVHDGRHPDo}HVGD&RPSDQKLDDWUDYpVGRVTXDLVFRODERUDGRUHVGHVLJQDGRVSRGHPDGTXLULUWtWXORVHPLWLGRVSHOD
&RPSDQKLDGHQRPLQDGRV³8QLGDGHGH,QYHVWLPHQWR´ 8, HTXHWrPFRPRREMHWLYRV L DDWUDomRHUHWHQomRGRVH[HFXWLYRV LL RDOLQKDPHQWR
GRVLQWHUHVVHVGRVH[HFXWLYRVDRVREMHWLYRVHLQWHUHVVHVGRVDFLRQLVWDV LLL RFRPSDUWLOKDPHQWRGRVXFHVVRQDFULDomRGHYDORUFRPRVH[HFXWLYRV
H LY DFULDomRGHXPDYLVmRGHORQJRSUD]RHVXVWHQWDELOLGDGH$8QLGDGHGH,QYHVWLPHQWRQmRDWULEXLDRVHXWLWXODUDFRQGLomRGHDFLRQLVWDGD
&RPSDQKLDQHPTXDOTXHUGLUHLWRRXSULYLOpJLRLQHUHQWHDWDOFRQGLomRHPHVSHFLDORGLUHLWRGHYRWRHRXWURVGLUHLWRVSROtWLFRV&DGD8,FRQIHUH
DR VHX WLWXODU XP GLUHLWR SHFXQLiULR UHIHUHQFLDGR QR YDORU GH XPD DomR GH HPLVVmR GD &RPSDQKLD 3ODQR ([HFXWLYR GH ,QFHQWLYR GH /RQJR
3UD]R(VWHSODQRpRIHUHFLGRDQXDOPHQWHDRVH[HFXWLYRVLQGLFDGRVSHOD'LUHWRULDVXEPHWLGRVjDSURYDomRGR&RQVHOKRGH$GPLQLVWUDomRGD
&RPSDQKLDHHVWiGLUHWDPHQWHDWUHODGRjFULDomRGHYDORUGD&RPSDQKLDPHGLGDSRUPHLRGDYDULDomRGD8QLGDGHGH,QYHVWLPHQWR2&RQVHOKR
GH$GPLQLVWUDomRDSURYDRVSDUWLFLSDQWHVLQGLFDGRVDTXDQWLGDGHGHXQLGDGHVGHLQYHVWLPHQWRDVHURIHUWDGDSRUSDUWLFLSDQWHHRSUHoRGHDTXLVLomR
GHFDGD8,$DFHLWDomRSHORSDUWLFLSDQWHLPSOLFDHPSDJDPHQWRjYLVWDGRYDORUTXHOKHIRLDWULEXtGRHjFHOHEUDomRGRFRQWUDWRGHFRPSUDGDV
XQLGDGHVVHQGRUHVSRQVDELOLGDGHGD&RPSDQKLDDHPLVVmRGRUHVSHFWLYR³&HUWL¿FDGRGH8QLGDGHVGH,QYHVWLPHQWR´2UHVJDWHGDV8,¶VSHORV
SDUWLFLSDQWHVVHUiFRQGLFLRQDGRDRDWLQJLPHQWRGHXPDPHWDPtQLPDGHSHUIRUPDQFH ³JDWLOKR´ GH¿QLGDFRPRXPDYDORUL]DomRPtQLPDGD8,
HQWUHDGDWDGDDYDOLDomRFRUUHVSRQGHQWHjFRPSUD 9DORU,QLFLDO HDGDGDWDGDDYDOLDomRUHIHUHQWHDRUHVJDWH 9DORU)LQDO 'HVGHTXHFXPSULGR
R³JDWLOKR´R³vesting´GDV8,¶VRFRUUHUiHPSDUFHODVDQXDLVVHQGRDSULPHLUDSDUFHODDSDUWLUGRWHUFHLURDQLYHUViULRGHYLJrQFLDGR3URJUDPD
HDVGHPDLVSDUFHODVDSDUWLUGRVDQLYHUViULRVVXEVHTXHQWHV(PYLUWXGHGRVFRQWHPSODGRVGR3URJUDPDVHUHPFRODERUDGRUHVGD&RPSDQKLDR
YDORUMXVWRGRVVHUYLoRVUHFHELGRVHPWURFDGDV8,¶VpFRQVLGHUDGRFRPRRSUySULRYDORUMXVWRGRVLQVWUXPHQWRVSDWULPRQLDLVRXWRUJDGRV 8,¶V 
OHYDQGRVHHPFRQWDRVUHVSHFWLYRVSHUtRGRVGH³vesting´$SUiWLFDFRQWiELODGRWDGDSHOD&RPSDQKLDpDGHSURYLVLRQDUDVGHVSHVDVFRPR,/3
GXUDQWHRSHUtRGRGH³vesting´GHVGHTXHDWLQJLGRR³JDWLOKR´DSXUDQGRVHRYDORUMXVWRGRVPRQWDQWHVUHODWLYRVDRSODQR2VDOGRSURYLVLRQDGR
VHUiDWXDOL]DGRHPGHFRUUrQFLDGDPXGDQoDQRYDORUGDV8,¶VGRWpUPLQRGRSHUtRGRGHFDUrQFLDGDRXWRUJDGHQRYRVSURJUDPDVGHUHVJDWHV
GH8,¶VRXGHVOLJDPHQWRGHFRODERUDGRUHVFRQWHPSODGRV1RGHFRUUHUGHIRUDPUHYHUWLGDVWRGDVDVSURYLV}HVSDUDRVSODQRVRXWRUJDGRV
SRLVFRQIRUPHDVUHJUDVHVWDEHOHFLGDVRVPHVPRVQmRDWLQJLUDPRJDWLOKRPtQLPRDFRUGDGRQRVSODQRV$VHJXLUDSUHVHQWDPRVDVLQIRUPDo}HV
UHIHUHQWHVDR,/3GD&RPSDQKLDHPGHGH]HPEURGH
6DOGRSURYLVLRQDGR
2XWRUJDGDV 9DORUL]DomR
([HUFLGDVQRSHUtRGR
HP
QRSHUtRGR
GDV8, V
4XDQWLGDGH
4XDQWLGDGH
7RWDO 4XDQWLGDGH
7RWDO 5
7RWDO 5
GH8, V
GH8, V
5
GH8, V



 
 
 



 
 
 

6DOGRSURYLVLRQDGR
HP
4XDQWLGDGH
7RWDO 5
GH8, V






(IHLWRQR
UHVXOWDGR



3ODQRV
3ODQR([HFXWtYR
7RWDO
(YHQWRV6XEVHTXHQWHV
5HQRYDomR¿QDQFLDPHQWR+6%&
(PGHPDUoRGHD$*&DGLWRXRFRQWUDWRGH¿QDQFLDPHQWR&&%QDPRGDOLGDGHQRYDORUGH86' GH]HVVHLVPLOK}HVGH
GyODUHVDPHULFDQRV ¿UPDGRFRPR+6%&%DQN%UDVLO6$H+6%&%DQN%UDVLO6$±%DQFR0~OWLSOR*UDQG&D\PDQ%UDQFKHPGHPDLR
GHDOWHUDQGRRSUD]RGHYHQFLPHQWRGDGtYLGDSDUDGHPDLRGHHDWD[DGH¿QDQFLDPHQWRSDUDDDHP86'$OpPGLVVR
HQFHUURXRVZDSDQWHULRUTXHWURFDYDDYDULDomRGRGyODUPDLVMXURVGHDDSHODWD[DGHGR&',HPUHDLVHFRQWUDWRXXPQRYR
swapQDPHVPDGDWDWURFDQGRDYDULDomRGRGyODUPDLVMXURVGHDDSHODWD[DGHGR&',HPUHDLV3RUWDQWRRYHQFLPHQWRGR
SULQFLSDOHGRVMXURVGHVWDGtYLGDRFRUUHUiHPGHPDLRGH(VVHHPSUpVWLPRQmRSRVVXLTXDOTXHUJDUDQWLDRXDYDO3HUPXWDDo}HV&(0,*
±$*&(QHUJLD&RQIRUPHFRPXQLFDGRSUHYLDPHQWHDRPHUFDGRR%1'(63$5VROLFLWRXHPGHIHYHUHLURGHDSHUPXWDGDWRWDOLGDGH
GDVGHErQWXUHVHPLWLGDVSHOD$*&(QHUJLDQRVWHUPRVGR,QVWUXPHQWR3DUWLFXODUGH(VFULWXUDGD(PLVVmR3ULYDGDGH'HErQWXUHV3HUSpWXDV
3DUWLFLSDWLYDV1mR&RQYHUVtYHLV3HUPXWiYHLVGD(VSpFLHFRP*DUDQWLD5HDOHP6pULDÒQLFDGDWDGRGHGHIHYHUHLURGHHDGLWDGRHP
GHMDQHLURGH ³(VFULWXUDGH(PLVVmRGH'HErQWXUHV3DUWLFLSDWLYDVH3HUPXWiYHLV´ VXEVFULWDVHLQWHJUDOL]DGDVSHOD%1'(63$5SRU
Do}HVRUGLQiULDVHDo}HVSUHIHUHQFLDLVGHHPLVVmRGD&(0,*HTXLYDOHQWHVDGDVDo}HVGHHPLVVmRGD&(0,*
GHWLWXODULGDGHGD$*&(QHUJLD(VWDSHUPXWDHVWDYDSUHYLVWDGHVGHQD(VFULWXUDGH(PLVVmRGH'HErQWXUHV3DUWLFLSDWLYDVH3HUPXWiYHLV
TXHIRLUHJLVWUDGDQD-XQWD&RPHUFLDOGR(VWDGRGH0LQDV*HUDLVIH]SDUWHGHVGHRVSULPyUGLRVGDQHJRFLDomRHQWDEXODGDFRPR%DQFRGH
'HVHQYROYLPHQWR (FRQ{PLFR H 6RFLDO H FRP D %1'(63$5 H VHJXLX HVWULWDPHQWH R SURFHGLPHQWR HVWLSXODGR QD UHIHULGD HVFULWXUD S~EOLFD
2$FRUGRGH$FLRQLVWDVH[LVWHQWHHQWUHD$*&(QHUJLDHR(VWDGRGH0LQDV*HUDLVQmRVRIUHDOWHUDo}HVSHUPDQHFHQGRYiOLGRHHPYLJRUHD
$*&(QHUJLDDSyVDFRQFOXVmRGDSHUPXWDGHWHUiDo}HVRUGLQiULDVHDo}HVSUHIHUHQFLDLVGHHPLVVmRGD&(0,*2ÀX[R
¿QDQFHLURGD&RPSDQKLDRULXQGRGD$*&(QHUJLDQmRVHDOWHUDSRVWRTXHGHVGHDVXEVFULomRGDV'HErQWXUHV3DUWLFLSDWLYDVH3HUPXWiYHLVHP
RVUHFXUVRVUHFHELGRVSHOD&RPSDQKLDRULXQGRVGD$*&(QHUJLDMiUHÀHWLDPDUHPXQHUDomRSDJDj%1'(63$5FRUUHVSRQGHQWHD
GRVSURYHQWRVGLVWULEXtGRVSHOD$*&(QHUJLD
&RQVHOKRGH$GPLQLVWUDomR

'LUHWRUHV([HFXWLYRV

(GXDUGR%RUJHVGH$QGUDGH
3UHVLGHQWH

3DXOR5REHUWR5HFN]LHJHO*XHGHV
'LUHWRUGH,QYHVWLPHQWRV

6pUJLR/LQV$QGUDGH

5HQDWR7RUUHVGH)DULD
'LUHWRUGH,QYHVWLPHQWRVHGH5HODo}HVFRP,QYHVWLGRUHV

ÈOYDUR)XUWDGRGH$QGUDGH
ÆQJHOD*XWLHUUH]
5LFDUGR&RXWLQKRGH6HQD

&RQWUROOHU
1HZWRQ%UDQGmR)HUUD]5DPRV
&RQWDGRU&5&0*