LOCALIZA invites individual and institutional investors to log-on to view presentation
BELO HORIZONTE, Brazil, March 21, 2016 /CNW/ -- Localiza Rent a Car S.A. (BM&FBovespa: RENT3 and OTCQX: LZRFY) today announced that their March 17, 2016 dbVIC Deutsche Bank ADR Virtual Investor Conference presentation is now available for on-demand viewing.
Localiza Rent a Car S.A. presentation will be available 24/7 for 90 days. Investors may download shareholder materials from the virtual trade booth in the Exhibits-section.
About Localiza Rent a Car S.A.
(BM&FBovespa: RENT3 and OTCQX: LZRFY)
Localiza Rent a Car S.A. was founded in 1973 and is headquartered in Belo Horizonte, Brazil.
The Company is the largest car rental network in South America in number of branches, with 564 car rental branches across eight countries, of which 320 are operated by Localiza and 244 by franchisees. On December 31, 2015, the Platform had a fleet of 124,695 cars, being 110,703 owned cars and 13,992 cars of its franchisees. Localiza Rent a Car S.A. and its subsidiaries engage in renting cars and fleets in Brazil and in South America. The Company rents cars (Car Rental Division) in branches located in airports and off airport locations. Rentals are carried out by companies, individuals on business or leisure trips, as well by insurance companies and automakers which offer replacement cars to their customers in the case of accidents or mechanical breakdowns during the term of the insurance policy or warranty, respectively. The Fleet Rental Division rents fleet to companies based on long-term contracts (usually 24 or 36 months). Its fleet is customized according to the needs and requests of its customers, thus being more diversified in terms of models, colors and brands than the fleet of the Car Rental Division.
Due to the constant need for fleet renewal, Localiza disposes the cars used in Car Rental Division after 12 months of use or if the mileage is too high for rental purposes and disposes the cars used in Fleet Rental Division at the end of the contracts. Most of the cars are sold directly to final consumers through its used car sales lots, aiming to avoid intermediation costs in the sale of used cars.
The material presented is a presentation of general background information about LOCALIZA as of the date of the presentation. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. This presentation is strictly confidential and may not be disclosed to any other person. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein.
This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are only projections and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of LOCALIZA and its subsidiaries that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements.
Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to LOCALIZA's management, LOCALIZA cannot guarantee future results or events. LOCALIZA expressly disclaims a duty to update any of the forward-looking statement.
Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of 1933. Any offering of securities to be made in the United States will be made by means of an offering memorandum that may be obtained from the underwriters. Such offering memorandum will contain, or incorporate by reference, detailed information about LOCALIZA and its business and financial results, as well as its financial statements.
This presentation does not constitute an offer, invitation or solicitation of an offer to subscribe to or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever.
SOURCE Localiza Rent a Car S.A.
For further information: Investor Relations, Nora Lanari - Investor Relations Director, Maria Costa - IR Manager, Mariana Campolina - IR Manager, www.localiza.com/ri, Email: [email protected], Tel: 55 31 3247-7024; Press information Contact: Tel: 55 31 3247-7328, http://www.localiza.com