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IR Dictionary FAQ

A

ANBIMA
Brazilian Financial and Capital Markets Association, an organization that represents institutions, such as banks, asset managers, brokerages, and distributors with the mission of supporting advances in the country’s capital markets. Visti the website of ANBIMA to learn more!

ANTAQ
The National Waterway Transportation Agency of Brazil (ANTAQ) is the agency of the Ministry of Infrastructure responsible for regulating and supervising waterway and maritime transport, and for infrastructure dedicated to such activities, which is the case of Brazilian ports.

ASM
Annual Shareholders Meeting. Learn about Shareholder Meetings in our FAQ.

B

B3 – Brasil, Bolsa, Balcão.
Currently, the B3 is the only stock exchange in Brazil and is based in São Paulo.

Board of Auditors
The Board of Auditors is elected by shareholders assembled in the Shareholders Meeting and, in accordance with the Bylaws of Santos Brasil, must be formed be a minimum of three and a maximum of five members. Among other duties, the body conducts oversight of the activities of the managers and assesses their compliance with legal and statutory duties.

Board of Directors
The Board of Directors is elected by shareholders assembled in the Shareholders Meeting and, in accordance with the Bylaws of Santos Brasil, must be formed be a minimum of six and a maximum of ten members. The directors, who are elected to a term of two years and may be reelected, are responsible for establishing the goals, policies and general orientation of the business, for appointing and removing the Statutory Officers, for approving the annual budget and for deliberating on the issue of securities, among other duties. To learn more, go to the Bylaws page!

Board of Statutory Officers
The Board of Statutory Officers is formed by the executive positions provided for in the Bylaws and elected by the Board of Directors, in accordance with the Bylaws of Santos Brasil, and must be formed be a minimum of two and a maximum of five members. Its main responsibilities include executing the general business guidelines of the Board of Directors, preparing the financial statements and managing the Company’s expansion and modernization projects. Click here to learn about the Board of Statutory Officers of Santos Brasil.

Breakbulk Cargo
The shipment of small quantities of goods that do not occupy the entire space of the container or of the vehicle used for transportation, such as a truck. In this case, small lots of goods are allocated in the same container or same truck for finalizing the transportation process.

C

Cabotage
Simplifying, cabotage is the shipping of cargo between ports in the same country. Want to know the difference between cabotage and transshipment? Go to our FAQ.

CAGR
Acronym for Compound Annual Growth Rate. By calculating CAGR, you can estimate by how much a variable must grow per year to reach a certain final value.

CLIA
Portuguese acronym for Centro Logístico Industrial Aduaneiro, which we refer to as Bonded Warehouses. Learn about Bonded Warehouses in our Frequently Asked Questions.

Common Shares
Shares whose main characteristics is assuring the right to vote in Shareholder Meetings.

Container
A container is a piece of equipment used to transport cargo that basically is defined as a metal box with large dimensions for stowing goods.

Container Ship
Container ships are designed especially to transport containers that have specific characteristics that facilitate the loading, conditioning and unloading of cargo.

Credit Rating
A rating assigned by a credit-rating agency to a company that denotes its capacity to service its debt. Santos Brasil was assigned the highest credit rating on the national scale (brAAA) by the rating agency S&P. To read the report, click here.

Cross-docking
System in which the product purchased by the consumer is transported to a Distribution Center, which ships it immediately. As such, it enables rapid redistribution of goods to customers!

CVM
The Securities and Exchange Commission of Brazil, which is the agency of the federal government responsible for regulating, supervising, and fostering the development of the country’s stock market.

D

Debentures
Debentures are securities traded in the capital markets issued by companies to finance their growth projects or acquisitions.

Depot
A depot is a warehouse dedicated to empty containers. In this structure, the containers are stored until they are needed to transport cargo to clients.

Destuffing
Destuffing is simply the process of removing cargo from containers. The process of conditioning the cargo in the units is called stuffing, see below!

Dividends
Dividends represent the portion of the Net Income of the Company that is distributed to shareholders. Brazilian Corporations Law requires companies to distribute to their shareholders a minimum of 25% of Net Income for the fiscal year.

Dredging
Is the excavation of shipping canals to maintain or increase depth to ensure they remain navigable and safe for vessels.

Dwell Time
Is the average time that cargo remains in the terminal until being loaded or after being unloaded.

E

EBITDA
Earnings Before Interest, Taxes, Depreciation and Amortization. Refers to operating profit before financial result, income tax and social contribution, depreciation, and amortization.

ESM
Extraordinary Shareholders Meeting. Learn about Shareholder Meetings in our FAQ.

F

Free float
Is the percentage of a company’s total shares that are freely traded on the stock exchange. It excludes shares held by the controlling shareholders and managers of the Company as well as those held by the Company in Treasury.

Freight Agent
Service providers who handle the documentation and physical processes for expediting international freight shipments.

G

General Cargo
According to the definition of the Foreign Trade System (Siscomex) of the Federal Government, general cargo is any kind of cargo transported in some kind of packaging, such as bags, bales, or boxes. Did you know that stowed or wheeled vehicles also are considered General Cargo? To learn more, go to the website of Siscomex!

I

Independent Directors
According to the regulations of the Novo Mercado, independent directors may not be:

A direct or indirect controlling shareholder of the Company.
Have their votes bound by an shareholders agreement related to the Company.
Be a relative to the second degree of any manager or controlling shareholder of the Company.
Have been, in the last three years, an employee, officer or controlling shareholder of the Company.

Did you know that, in accordance with the Bylaws of Santos Brasil, 40% of members of its Board of Directors must be independent directors?

IPO
Acronym for Initial Public Offering, which is a primary offering of shares in a company on the stock exchange, also known as going public.

L

Lease Agreement
An agreement signed between the owner of a property or space, called the lessor, and the lessee, which is the party interested in commercially exploring the site in exchange for the payment of compensation. In the case of the lease agreements of Santos Brasil, where the properties are publicly owned, the lessee is the Concession Authority, which represents the Federal Government.

Long-haul
Mode of shipping that involves port infrastructure in different countries, in other words, importing or exporting.

M

MHC
Acronym for Mobile Harbour Crane, which is a mobile crane used for loading and unloading containers on ships.

MPH
Acronym for Movements Per Hour, a metric that measures the efficiency of a terminal operations while a vessel is docked.

N

Novo Mercado
The listing segment of B3 with the highest corporate governance standards. Learn more in our FAQ.

NVOCC
Non-Vessel Operating Common Carrier. Companies offering freight consolidation services that do not have their own ships and purchase space on ship-owners’ vessels to ship the cargo of their clients.

O

Organized Port
According to the Ports Law (Federal Law 12.815/2013), an Organized Port is defined as a set of public assets required for port activities within a geographic space.

P

Portainer (Ship-to-shore crane)
A portainer crane, also referred to as an STS, is a crane mounted on a trolley for loading and unloading container ships.

R

Reach Stacker
Equipment used to move and stack containers in rear yards.

Reefer Container
A refrigerated container used to transport cargo that is perishable or sensitive to temperature.

Retention Rate
Percentage of full containers unloaded that remain at the Company for the provision of other logistics services (e.g., warehousing).

RMG
Acronym for Rail Mounted Gantry, which are used to move containers to the yards. RMGs travel along rails, which means they have a restricted area of operation.

RTG
Acronym for Rubber Tyred Gantry, which is used to move containers in yards. RTGs are wheeled vehicles that can circulate on the reinforced roads of the terminal.

S

Stuffing
Stuffing is the process of loading cargo into containers. The process of removing goods from units is called de-stuffing, see above!

T

Tag-along Rights
Mechanism provided for under Brazilian Corporations Law that guarantees certain rights to minority shareholders in cases of transfer of control of the company.

Terminal Tractor
Vehicle similar to a small truck used to move cargo between the quay and rear yard.

TEV
The Vehicle Terminal of Santos Brasil, which is located in the Port of Santos.

TRA
Portuguese acronym for Terminal Retroportuário Alfandegado, which is a bonded terminal situated adjacent to the port for handling import and export cargo.

Transfer Agent
The institution contracted by companies with shares listed on the stock exchange for the custody and administration of the shares, as well as for making shared-based payments to shareholders.

Transshipment
Process in which goods arrive at the port, undergo the customs clearance process, are transferred from one transportation means to another (same or other mode) and proceed to another destination. Want to know the difference between cabotage and transshipment? Go to our FAQ.

Twenty-Foot Equivalent Unit (TEU)
Unit of measure equivalent to a 20-foot container.

Santos Brasil is the only company in the country that provides integrated logistics services, offering complete solutions from port to e-commerce. It conducts port operations involving containers, vehicles, general cargo, project cargo and liquid bulk cargo, as well as warehousing, transportation and distribution, serving all links in the logistics chain.

Santos Brasil was created in 1997, by winning the public auction for the lease agreement for Tecon Santos for 25 years. Since then, the company has undergone inumerous transformations! In 2006, Santos Brasil carried out an IPO on the São Paulo Stock Exchange, in 2008 and 2009 it acquired the leases for Tecon Imbituba, Tecon Vila do Conde (renewed in 2017 for another 15 years) and for the Vehicle Terminal (TEV), and in 2015 it renewed the lease agreement for Tecon Santos for another 25 years… and it did not stop there! In 2016, the Company concluded its migration to the Novo Mercado, the segment of B3 with the highest corporate governance standards and, in 2020, it raised R$ 790 million through a a follow-on offering on B3, with the proceeds used to invest in and expand its business. Meanwhile, 2021 was marked by Santos Brasil’s entry into the liquid bulk market with its acquisition of leases for three areas in the Port of Itaqui (São Luís|MA).

And what is the planning for the near term? To stay up to date on the latest developments, register at E-mail Alert and receive all the latest news in your e-mail inbox.

Santos Brasil serves over 8,000 clients through 12 business units:

Tecon Santos
Located in the Port of Santos (São Paulo|SP), it is the largest container terminal in Latin America and a reference in containerized cargo operations in Brazil. Learn more.

Vehicle Terminal (TEV)
Located in the Port of Santos (São Paulo|SP) and adjacent to Tecon Santos, it is the country’s largest vehicle terminal and one of the world’s most modern for import and export cargo. Learn more.

Tecon Vila do Conde
Located in the Arco Norte (Barcarena|PA), this waterway terminal for containers and project cargo is connected to the country’s waterway network and main international maritime routes. Learn more.

Tecon Imbituba
Located in the Port of Imbituba (Imbituba|SC), this container terminal has easy road, rail and maritime access. Learn more.

TCG Imbituba
Located in the Port of Imbituba (Imbituba|SC), the General Cargo Terminal (TCG) can handle highly complex and value-added cargo, such as wind turbine blades, pulp, transformers, etc. Learn more.

Saboó I
Located in the Port of Santos (São Paulo|SP), this unit is dedicated to handling and storing project cargo, ro-ro cargo and general cargo. Learn more.

Saboó II
Located in the Port of Santos (São Paulo|SP), this terminal specializes in cargo storage, which ensures more agile and efficient stuffing operations. Learn more.

Itaqui Liquid Bulk Terminals
Located in the Port of Itaqui (São Luís|MA), these three terminals dedicated to handling and storing liquid bulk cargo marked the Company’s entry into the segment. Learn more.

CLIA Santos
Strategically located near the Port of Santos (São Paulo|SP) and the main highways connecting the country’s consumer markets, the unit ensures competitive advantages for Santos Brasil’s clients and partners. Learn more.

CLIA Guarujá
Located on the left bank of the Port of Santos (São Paulo|SP), this bonded warehouse terminal has support structure to accelerate the integrated logistics operations of Santos Brasil. Learn more.

São Bernardo do Campo Distribution Center
Located on Imigrantes Highway (São Paulo|SP), the DC offers fully customized integrated logistics operations to the clients and partners of Santos Brasil. Learn more.

Imigrantes Distribution Center
Located on Imigrantes Highway (São Paulo|SP), the DC integrates logistics operations and offers vertically-oriented and customized solutions to the clients of Santos Brasil. Learn more.

As the name suggests, full containers are those filled with cargo and ready for handling, whether for loading or unloading. Meanwhile, empty containers are those to be filled with cargo and are essential for a terminal to be able to ship its export volumes, for example.

Long-haul shipping involves ports in different countries, which means that they are import and export flows.

While cabotage is the transportation of cargo between ports in the same country, transshipment is the movement of cargo between vehicles (same or different mode) to continue transporting the cargo to another destination.

For loading operations, the containers are moved from the storage facilities towards the quay using terminal tractors, with RTGs, RMGs and reach stackers used to remove containers from the stacks and load them onto terminal tractors. Upon reaching the quay, the containers are transferred to the ships using portainers (STS) or MHCs. For unloading operations, the process is the same but carried out in the inverse order.

The Portuguese acronym CLIA stands for Centro Logístico Industrial Aduaneiro, which are bonded warehouses to facilitate exports and imports of cargo. Meanwhile, a Distribution Center (DC) is where goods are stored before being delivered to points of sale or end customers that do not require customs clearance.

Created in 2007, Santos Brasil Logística offers a portfolio of solutions for all phases of the logistics chain, from receiving cargo at the Port of Santos to its transportation and distribution. The services are customized to the specific needs and operational profile of each client.

Santos Brasil also has its own fleet of trucks for transportation and distribution operations, strategically positioning it for integrating the Port of Santos with the CLIAS, Distribution Centers and clients’ plants. The fleet has the capacity to offer road, port and breakbulk services at the local, state and interstate level.

To buy Santos Brasil’s stock, you must have an account at a financial institution, such as a bank or brokerage, which can advise you on the investment vehicle best suited to your goals and also intermediate trades on the B3, which is Brazil’s stock exchange.

It also is important to be familiar with the stock market before investing! In fact, for those who want to learn more about investing, the B3 offers different free courses on the topic via its platform B3 Educação.

Have questions about which brokerage to use? The B3 site has a list of all authorized institutions.

Santos Brasil’s shares are traded on B3 – Brasil, Bolsa, Balcão, under the ticker STBP3.

After Santos Brasil migrated to the Novo Mercado, the listing segment of B3 with the highest corporate governance standards, its preferred shares were converted into common shares, which since then comprise 100% of its capital stock. This means that all shareholders have the right to vote in Shareholder Meetings, which is a characteristic inherent to common shares.

The B3 has five listing segments, which are subject to different levels of corporate governance standards: Bovespa Mais, Bovespa Mais Level 2, Level 1, Level 2 and Novo Mercado, the latter the segment in which Santos Brasil is listed.
For details on the requirements of each listing segment, go to the B3 website!

For information on its stock, contact the stock transfer agent of Santos Brasil, which is Itaú Unibanco.

Itaú Unibanco:
Praça Alfredo Egydio de Souza Aranha, nº100, Torre Olavo Setubal
Parque Jabaquara, CEP 04344-902, São Paulo|SP

Telephone: +55 (11) 3003-9285 (state capitals and metro areas) | 0800-7209285 (other locations)

Santos Brasil reports its financial results on a quarterly basis, with all its financial statements available on its Results Center.

Santos Brasil reports its financial results on a quarterly basis, with all its financial statements available on its Results Center.

In accordance with Brazilian Corporations Law, companies are required to distribute to shareholders a minimum of 25% of Net Income for the fiscal year. Information on the latest payments made by Santos Brasil can be found in the quarterly earnings release.

Shareholder meetings are meetings arranged by the Board of Directors and may be: Annual Shareholder Meetings, which analyze and approve the financial staments of the Company and deliberate on matters, such as the allocation of Net Income and the distribution of dividends, or Extraordinary Shareholder Meetings, in which other non-recurring matters are voted one, such as an acquisition or merger by the company.

For more information, consult the Bylaws of Santos Brasil!

The Shareholder Meetings of Santos Brasil are widely disclosed on its Investor Relations website and on the website of the CVM (www.cvm.gov.br), as well as the Notices of Meetings and all documents with instructions on how to participate and vote in the meeting and its date and location (or digital platform).

No, participation in Shareholder Meetings is optional.

Currently, Ernst & Young Auditores Independentes S.S. (EY Brasil) is responsible for the independent audit services of the Company.

To contact the IR team, click here.

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