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Other Information Glossary


ABIFA: Brazilian Association of the Foundry Industry.

ANFAVEA: Brazilian Automotive Industry Association.

ANP: National Agency of Petroleum, Natural Gas and Biofuels.

API: American Petroleum Institute.

BNDES: Banco Nacional de Desenvolvimento Econômico e Social - BNDES.


CVM: Brazilian Securities Commission (Comissão de Valores Mobiliários).

EBITDA: EBITDA means income before net financial expenses, income and social contribution taxes, depreciation and amortization and non-operating results. EBITDA is not Brazilian or the U.S. GAAP measurement, does not represent cash flows for the periods presented and should not be considered alternatives to net income as an indicator of Lupatech’s operating performance or as an alternative to cash flows as an indicator of liquidity. EBITDA does not have a standardized meaning and Lupatech’s definition of EBITDA may not be comparable to EBITDA as used by other companies. Although the EBITDA does not provide, according to the Brazilian Accounting Principles (BR GAAP) or the U.S. Accounting Principles (US GAAP), measures of the operational cash flows, Lupatech management uses EBITDA to measure its operating performance. Additionally, the Company management believes that disclosure of EBITDA can provide useful information to investors, financial analysts and the public in their review of the Company’s operating performance and its comparison to the operating performance of other companies in the same industry and other industries.. 

Accounting Practices Adopted in Brazil, or BR GAAP: Accounting standards adopted in Brazil according to the Brazilian Corporation Law, the rules and regulations of the CVM and the accounting standards issued by the Brazilian Institute of Independent Accountants (Instituto dos Auditores Independentes do Brasil), or the IBRACON.

Rule 144 A: Rule 144 A of the U.S. Securities Act of 1933, as amended, or the Securities Act.

Regulation S: Regulation S as promulgated under the U.S. Securities Act.

Resolution CMN 2,689: Resolution Resolution No. 2,689, dated January 26, 2000, of the Brazilian National Monetary Council (Conselho Monetário Nacional), or the CMN.

SEC: The U.S. Securities and Exchange Commission.

Energy Products Segment: Business unit primarily focused on the manufacture of equipments and services for the oil and gas sector.

Flow Control Segment: Business unit primarily focused on the manufacture of industrial valves.

Metallurgy Segment: Business Unit primarily focused on the development and production of parts using investment casting and powder injection molding processes.

SINDIPEÇAS: National Association of Autoparts Manufacturers.

US GAAP: Accounting standards adopted in the United States of America.

IFRS: Accounting Standards adopted in Europe. 

Last Update: February 14, 2011
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