230 airlines

230 airlines… Representing 93% of scheduled international air transport

1,400 funcionários dos quais 80% foram renovados desde 2005

+80 escritórios - +100 países

Carga Aérea InternacionalSua relevância no contexto mundial

USD 57 bilhões Frete Aéreo*

12% TTL Receita Cias. Aéreas

USD 4.25 trilhões Comércio Int'l

>35% Comércio Exterior Mundial

<2% peso transportado Bens de consumo de altíssimo valor agregado

Bens de consumo de altíssimo valor agregado

CombustívelImpacto no resultado das Linhas Aéreas

Consumo 1.6 bilhões barris/ano

USD 186 bilhões gastos (Jan-Set '08)

Cada US$1 = USD 1.6 bilhão na fatura

Preço do Combustível –50%!Benefício se dissipou

Fuel Hedging = 50% dos gastos com combustível

USD valorizou +20% frente ao EUR

Combustível faturado em… USD!

50

70

90

110

130

150

2003 2004 2005 2006 2007 2008

Con

fiden

ce in

dex

0

20

40

60

80

100

120

140

US

$/ba

rrel

Oil price (right scale)

US consumer confidence (left scale)

Demanda

International passenger and freight tonne-kilometersSource: IATA

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

Jul/0

5Sep

/05Nov/0

5Ja

n/06Mar/

06May

/06Ju

l/06

Sep/06

Nov/06

Jan/07

Mar/07

May/07

Jul/0

7Sep

/07Nov/0

7Ja

n/08Mar/

08May

/08Ju

l/08

% c

hang

e ov

er y

ear

Air freight FTKs

Passenger RPKs

Air Freight Yields

8.2 8.5

3.7

-7.5

-5.6-4.1

-0.5

5.6

-5.2-4.1

-10.0

-5.0

0.0

5.0

10.0

% s

ales

-10

-5

0

5

10

US

$ bi

llion

Net losses, $bn (RHS)

Operating margin, % (LHS)

-13.0-11.3

-15.01998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008F2009F

-15

Agenda da IATASimplificação da Indústria

IATA's Cargo Agendai.e., what we do

Simplifying the Businessof Air Cargo

e-freight Cargo 2000

Security Safety CASS

Faturamento e CobrançaAntes do CASS

Forwarder A Forwarder B Forwarder C Forwarder D

Airline DAirline CAirline BAirline A

CASS Padrão unico, eletrônico, "paperless"

Forwarder A Forwarder B Forwarder C Forwarder D

Airline DAirline CAirline BAirline A

78 operations worldwide> USD 23.0 bn settlements> 17 mn AWBs processed99.994% collection successService expansion…

ImportDomesticCourierForwarder Billing eXchange (FBX)

CASS + 38 países desde 2005

Top 15 Destinations ex-EU + EU

21%

6%

5%

5%

5%4%3%3%3%2%

2%2%

2%2%

1%

34%

USABrazilEUJapanAustraliaSouth AfricaMexicoPeople's Republic of ChinaCanadaIndiaSaudi ArabiaUnited Arab EmiratesSingaporeKorea, Republic ofHong Kong (SAR), China185 Other Destinations

Top 15 Destinations ex-PT + PT

32%

13%

12%

8%

6%

4%

3%

2%

2%

2%

2%

1%

1%

1%

1%

10%

AngolaPortugalMexicoUSAEUBrazilTurkeyJapanMozambiqueCanadaRussian FederationSingaporeCape VerdeAustraliaPeople's Republic of China135 Other Destinations

Shipper valued proposition…Integrated logistical servicesSupporting just-in-time inventory managementGlobal, trans-border manufacturing / assemblyInnovative, tailor made solutionsSpeed..Air Cargo’s asset

Accessible at short noticeGlobal connectivity Some growth markets…continue

Trunfos do Modal AéreoVersatilidade, velocidade+previsibilidade

Muito obrigado