tam international corporation 20081110 eng
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TAM International Corporation...with a strong local footprint
David Barioni Neto
2
Despite the adversities of 2008, TAM succeeded to establish as an International Corporation
TAM Financial100%
TAM Financial100%
TAM Capital100%
TAM Capital100%
TAM Viagens99,99%
TAM Viagens99,99%
TAM Mercosur94,98%
TAM Mercosur94,98%
TAM Linhas Aéreas100%
TAM Linhas Aéreas100%
TAM Financial 2100%
TAM Financial 2100%
TP Participações99,99%
TP Participações99,99%
SPC – Special Purpose Companies
3
Sin
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Air
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JAL
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Luft
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Air F
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LAN
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Thai
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Air B
erlin
Jet
Airw
ays
Virgin
Blu
e0
2
4
6
8
10
Market Capitalization* - USD Billion
Our market capitalization places us among the top 20 airlines in the world
Americas
Europe
Other
*October 31, 2008
TAM Financial 100%
TAM Financial 100%TAM Capi tal
100%
TAM Capi tal 100%TAM Viagens
99,99%
TAM Viagens 99,99%
TAM Mercosur 94,98%
TAM Mer cosur 94,98%TAM Linhas Aéreas
100%
TAM Linhas Aéreas 100%
TAM Financial 2 100%
TAM Financial 2 100%
TP Par ti cipações 99,99%
TP Par ti cipações 99,99%
4
TAM Linhas Aéreas, our major business, thrived both in the domestic…
Maintaining leadershipMaintaining leadership
14
20
42
21
9
14
40
31
14
39
12
35
12
34
19
33
9
31
22
36
25
26
41
10
34
48
40
49
37
50
2000 2001 2002 2003 2004 2005 2006 2007 2008²0
20
40
60
80
100%
Domestic Market Share (RPKs¹)
TAMGOLVARIGVASPTRANSBRASILBRAOther
1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q0820
22
24
26
28
30
32
Yield scheduled domesticR$ cents
Recovering yieldsRecovering yields
Standardizing fleetStandardizing fleet
Our narrow-body fleet operating domestic and South American routes is composed only by aircraft from the A320-family
A319 – 144 seats
A320 – 156/174 seats
A321 – 220 seats
Improving operating performanceImproving operating performance
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
16%
14%
17%
15%
16%16%14%
14%
11%10%
TAM's Delayed flights2008
Source: ANAC¹ RPK – Revenue passenger kilometer² Accumulated January to September
TAM Financial 100%
TAM Financial 100%TAM Capi tal
100%
TAM Capi tal 100%TAM Viagens
99,99%
TAM Viagens 99,99%
TAM Mercosur 94,98%
TAM Mer cosur 94,98%TAM Linhas Aéreas
100%
TAM Linhas Aéreas 100%
TAM Financial 2 100%
TAM Financial 2 100%
TP Par ti cipações 99,99%
TP Par ti cipações 99,99%
5
7
75
7
82
14
87
12
88
12
85
14
77
18
50
7
37
13
14
67
17
10
72
2000 2001 2002 2003 2004 2005 2006 2007 2008²0
20
40
60
80
100%
International Market Share (RPKs¹)
TAMGOLVARIGVASPTRANSBRASILOther
…and international market
October 7, we announced our entry into the Star Alliance
We expect to start operations in 18 months, after achieving several minimum requirements
B777 MD11 A340 A330 B767
365
289267
212 205
0
100
200
300
400
Number of seats per aircraft typeIncorporated in 2008
We signed new code share agreements and memorandums of understanding:
Air Canada
Swiss International Air Lines
TAM Financial 100%
TAM Financial 100%TAM Capi tal
100%
TAM Capi tal 100%TAM Viagens
99,99%
TAM Viagens 99,99%
TAM Mercosur 94,98%
TAM Mer cosur 94,98%TAM Linhas Aéreas
100%
TAM Linhas Aéreas 100%
TAM Financial 2 100%
TAM Financial 2 100%
TP Par ti cipações 99,99%
TP Par ti cipações 99,99%
Consolidating leadershipConsolidating leadership Increasing our agreementsIncreasing our agreements
Entering in Star AllianceEntering in Star AllianceAdding flexibility to aircraft gaugeAdding flexibility to aircraft gauge
6
Within TAM Linhas Aéreas, we continue to focus on other value generation initiatives
TAM Linhas AéreasTAM Linhas Aéreas
MRO(São Carlos)
MRO(São Carlos) Loyalty ProgramLoyalty ProgramCargoCargo
Isolated business unit
Focus in maximizing assets profitability
Forming sales team
Direct benefits in cost reduction to the airline
To be structured as business unit
More fidelity from customer impacting passenger business
TAM Financial 100%
TAM Financial 100%TAM Capi tal
100%
TAM Capi tal 100%TAM Viagens
99,99%
TAM Viagens 99,99%
TAM Mercosur 94,98%
TAM Mer cosur 94,98%TAM Linhas Aéreas
100%
TAM Linhas Aéreas 100%
TAM Financial 2 100%
TAM Financial 2 100%
TP Par ti cipações 99,99%
TP Par ti cipações 99,99%
7
TAM Airlines, our subsidiary in Paraguay is capturing synergies from the Brazilian operations
FleetIn 2008, we substituted the F100 fleet per modern Airbus A320, with lower maintenance costs and more comfort to the passenger
TAM Financial 100%
TAM Financial 100%TAM Capi tal
100%
TAM Capi tal 100%TAM Viagens
99,99%
TAM Viagens 99,99%
TAM Mercosur 94,98%
TAM Mer cosur 94,98%TAM Linhas Aéreas
100%
TAM Linhas Aéreas 100%
TAM Financial 2 100%
TAM Financial 2 100%
TP Par ti cipações 99,99%
TP Par ti cipações 99,99%
Buenos Aires
Santiago
Montevidéu
Assunção
Sta Cruz de La Sierra
CochambabaRio de Janeiro
São Paulo
Ciudad delEste
Operational and administrative structureUnification of the management’s structure with TAM Linhas Aéreas
New network
Reduction in the headcount
Cost reduction projectsStreet stores closing
Revision of commercial costs
Negotiation of commercial contracts to global ones
8
TAM Viagens, our tour operator, is one of the biggest Brazilian tour operators
launched in Brazil in 1998. Based in São Paulo, with offices in Rio de Janeiro, Buenos Aires, and representatives in 49 additional Brazilian cities
relies on qualified agents network, innovative packages and high quality services
portfolio includes more than 250 products developed and managed according to the requirements and needs of our clients
TAM Financial 100%
TAM Financial 100%TAM Capi tal
100%
TAM Capi tal 100%TAM Viagens
99,99%
TAM Viagens 99,99%
TAM Mercosur 94,98%
TAM Mer cosur 94,98%TAM Linhas Aéreas
100%
TAM Linhas Aéreas 100%
TAM Financial 2 100%
TAM Financial 2 100%
TP Par ti cipações 99,99%
TP Par ti cipações 99,99%
9
Regardless of the position we achieved, the future remains challenging…
Sector growth in the domestic market will continue with the correlation of 2 to 3 times GDP growth
GOL + Varig (back to core
business)
São Paulo region continues to pose a question mark
Third airport project
Improvements in ViracoposAirport (Campinas) – new runway and new terminal
Fast connection to Guarulhos Airport
Potential concession model for Viracopos and Galeão airports?
Public hearing until December 1st, 2008 proposing changes in the slots distribution rule
Dem
and Regulator
Infrastructure Compe
tition
Consensus that GDP growth next year will be shy
Webjet (aircraft order)
Trip (capitalized by Skywest)
Azul (new entrant)
Testing possibility to allow longer flights from Santos Dumont (RJ) and
Pampulha (MG) – airports currently limited to intraregional (state)
10
… but we continue alert and resilient
Maintaining our growth plan… ...conscious about capital discipline
44
16
101
44
18
104
44
20
110
44
22
113
84
22
115
84
22
117
2008 2009 2010 2011 2012 2013
125 130138 143 149 151
Total fleet
B767 Airbus wide-body
Airbus narrow-bodyB777
No change in our fleet plan
Maintaining technical and cabin crew
Reviewing CAPEX and postponing
non core investments
Implementing initiatives to reduce
costs non-related to the operation
Centralization of back office in Europe
potential shared services in Brazil
11
To be the preferred airline company
Excellence in Technical-
Operational
Excellence in Service
Excellence in
Management
We signed a commitment
PASSION FOR AVIATIONPASSION FOR AVIATION
12
TAM is prepared to face the challenges being people’s favorite with joy, creativity, respect and responsibility TAM is prepared to face the challenges being people’s favorite with joy, creativity, respect and responsibility
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