6-K
Ambipar Emergency Response (AMBIQ)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 2024
Commission File Number: 001-41638
AMBIPAR EMERGENCY RESPONSE
(Exact name of registrant as specified in its charter)
Avenida Angélica, nº 2346, 5th Floor São Paulo, São Paulo, Brazil, 01228-200 Tel: +55 (11) 3526-3526
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit |
|---|---|
| 99.1 | Investor Day |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 29th, 2024
| AMBIPAR EMERGENCY RESPONSE | |
|---|---|
| By: | /s/Thiago da Costa Silva |
| Name: | Thiago da Costa Silva |
| Title: | Director |
Document
ambipar response Rafael Espirito Santo CEO 1. Pre and Post IPO Positioning 2. Business model 3. Track record and cases
- Opportunity Investor day
a
ambipar response Our mission is to ensure the continuity of your business, preserve your reputation, and protect the environment. Investor day
www.ambipar.com
www.ambipar.com EMERGENCY RESPONSE Crisis Management Emergency Response
A leader in crisis management and emergency response, Ambipar specializes in responding to environmental emergencies, serving all scenarios (road, rail, industrial, maritime, river, pipeline and forest) and manages emergencies globally in a simultaneous, scalable and standardized way.
• Hazmat (Emergency Response with Dangerous Goods); • Fire (Industrial and Forest Fire Fighting); • Oil Spill (Fighting Onshore and Offshore Oil Spills); • Medical (APHJ;
+10,000 Emergencies/year
+30,000 people trained/year
ambipar response Investor day www.ambipar.com
INDUSTRIAL SERVICES
Industrial Cleaning
Repair & Maintenance
Ambipar is specialized in working at height and confined space, with professionals certified by IRATA. In addition, the company operates in the manufacture and rental of equipment for the industry, as well as in the cleaning, repair and maintenance of tanks.
Industrial and Naval Technical Cleaning;
Repair and Painting of Naval and Industrial Tanks;
Industrial Mountaineering;
Manufacture of robots for industrial cleaning and firefighting;
Rental of EX equipment for work in confined spaces.
Onshore
Offshore
ambipar response Investor day www.ambipar.com
MARITIME SERVICES
Port Support
Offshore
Ambipar offers emergency bases for oil spill response and operates ships for port support & offshore support for the oil and gas market.
Preventive Siege and Oil Spill Fighting;
Vessels for Environmental Monitoring, Research and Bathymetry;
Scouts for Seismic Ships;
Transportation of personnel and equipment.
- 70
Vessels
Own Port Terminal (Navegantes, SC)
ambipar response Investor day
www.ambipar.com
ENVIRONMENTAL SERVICES
Environmental Consulting and Analysis
Remediation
Ambipar offers consulting services, environmental analysis, recovery and remediation of contaminated areas and has its own technology for manufacturing and operating its equipment.
Environmental Licensing.
Environmental Monitoring Programs;
Remediation of Contaminated Areas;
Rehabilitation of Fauna and Flora.
+3,500 Environmental Projects
+350 Ground Remediation Operations
+500 Licensed Projects
ambipar response Investor day
www.ambipar.com
POST IPO EVOLUTION
Gain of scale through platform and cross-sell effects
Pre-IPO
Post-IPO
Business Unit
Emergency Response
Emergency Response
Environmental Services
Industrial Services
Maritime Services
Countries
Bases
Services/year
Annual Revenue (R$M)
EBITDA (R$M)
EBITDA Margin
14 124 5,300 226 61 27% 26% 664 2,590 52,000 348 40
ambipar response Investor day
www.ambipar.com
THESIS SUMMARY
Gain of scale through platform and cross-sell effects
Proven business model
Growing demand driven by compliance with environmental regulations
Globally fragmented market
Well positioned to replicate model in North America
Track record of growth with profitability
ambipar response Investor day
www.ambipar.com
BUSINESS MODEL
vendas@ambipar.com
ambipar response Investor day
www.ambipar.com
BUSINESS MODEL
Winning Positioning
- Key Supplier
Positioned where regulation and criticality make us mandatory
- Complete portfolio with Platform Effect
We serve the client in all critical needs, sharing people and assets
Commercial and cost efficiency
- Revenue Predictability
Geographic and business segment diversification
Uncorrelated with major events
Subscription contracts, recurring services
- Standardized Operation
Provides ability to scale
Quality always for the customer
ambipar response Investor day
www.ambipar.com
- Key Supplier
Different regulations that make the purchase of Response services mandatory and recurring
Global
UN Regulation
Orange Book: HAZMAT transport and storage
Purple Book: HAZMAT Classification
Country
Federal Legislation 6938/81
National Environmental Policy
Federal Legislation 9605/98
Environmental Crimes
City
Municipal Legislation SP 50446/2009
Emergency Action Plan
Each country regulates activities that are potentially harmful to the environment
Customers are co-responsible for damages caused and are subject to federal environmental crimes laws
All waste from emergencies handled by Ambipar Response must be disposed of properly, in accordance with waste policies
(1) Non-exhaustive list of regulations
Environmental protection regulation is complex and is not the core business of customers
Ambipar Response specializes in providing services that allow companies to comply with environmental standards
This generates recurring demand and revenue for Ambipar
ambipar response Investor day
www.ambipar.com
- Complete portfolio with Platform Effect
SERVICE PLATFORM PRESENT THROUGHOUT THE ENTIRE LIFE CYCLE OF A ENTERPRISE
PLANNING
Environmental Services
Environmental DD
Environmental licensing
Environmental studies
Computational modeling
Emergency Response
Emergency plans
Industrial Services
Industrial Equipment Rental
Maritime Services
Survey, Bathymetry, Seismic, Sounding
IMPLEMENTATION and OPERATION
Monitoring environmental conditions
Monitoring and rescue of fauna and flora
Plant suppression and reforestation
Prevention, Preparation (simulations and training), Response to Chemical and Environmental Emergencies
Crisis Management, Resilience and Business Continuity
Industrial cleaning, maintenance and repair
Port emergency bases, offshore support, Port support, Survey, Bathymetry, Seismic, sounding
DISINVESTMENT
Soil remediation
Recovery of degraded areas
Decommissioning
ambipar response Investor day
www.ambipar.com
- Revenue Predictability
PREDICTABLE REVENUE AND RESULT EFFICIENCY WHEN REACHING SCALE
Subscription model with high renewal rates +
Long-term contracts (dedicated bases, outsourcing, industrial environmental projects) +
Asset sharing +
High switching cost for the customer
=
Recurrence and (Re)Occurrence
- 50 thousand services/year
Little dependence on specific events
Attractive margins
ambipar response Investor day
www.ambipar.com
- Standardized Operation
6 SERVICE PILLARS CREATE COMPETITIVE ADVANTAGE OF SCALE
Geographic Capillarity – National Coverage
Asset Standardization
Specialized and Highly Trained Labor
Integrated Dispatch Command Center
Recognized Technical Expertise
Massive and Integrated Commercial Service
ambipar response Investor day
www.ambipar.com
vendas@ambipar.com
TRACK RECORD AND CASES ambipar response Investor day
www.ambipar.com
Gross revenues evolution
GROSS REVENUE R$ Million
260 409 921 1,813 2,782 2,892
- 69 297 790 1,329 1,327
97, 125, 137,180, 164, 171, 289, 215, 211, 597 188, 224, 1,048 1,327, 182, 216, 1,167
1Q24 LTM
2023 2022 2021 2020 2019
Total North America Europe LatAm (Ex Brazil) Brazil
Increased relevance of North America (% of gross revenue)
0% 10% 38% 53% 2019
17% 9% 31% 44% 2020
32% 18% 19% 31% 2021
44% 12% 12% 33% 2022
48% 7% 8% 37% 2023
46% 6% 7% 40% 1Q27 LTM
Brazil LatAm (Ex Brazil) Europe North America
EBITDA evolution and EBITDA margin
Adjusted EBITDA (R$Million) and EBITDA Margin (%)
27.0% 61 2019 28.9% 106 2020 28.2% 232 2021 26.6% 449 2022 25.6% 664 2023 26.2% 700 1Q24 LTM
ambipar response Investor day
www.ambipar.com
ROIC
61.3% 71.0% 55.4% 45.0% 29.3% 21.7% 15.4% 13.5% 2020 2021 2022 2023
Operational ROIC (ex intangible)ROIC (with intangible) ambipar response Investor day
www.ambipar.com
CASES
vendas@ambipar.com
ambipar response Investor day
www.ambipar.com
Case O&G Offshore (Exploration and production-E&P)
Ambipar Response Service Units’ performance in the chain
ENVIRONMENTAL EMERGENCY MARITIME INDUSTRIAL Environmental licensing Environmental monitoring Oil and wastewater dispersion modeling
Oiled wildlife protection Survey services Geoprocessing Command Center Dedicated Emergency Bases Trainings | Simulations
Civil Firefighter and Equipment Outsourcing Medical Care and Rescue Supply of offshore vessels Monobuoy and ship-to-ship operations
Port support operation supply base Oil Spill Operations EX Equipment Renta Tank Cleaning Inspection Repair Painting UPSTREAM MIDSTREAM
DOWNSTREAM *CROSS SELLING WITH ENVIRONMENT
ambipar response Investor day
www.ambipar.com
Case O&G Offshore (Exploration and production-E&P) Ambipar Response Service Units’ performance in the chain
ENVIRONMENTAL EMERGENCY MARITIME INDUSTRIAL Environmental Due Diligence Environmental licensing Environmental monitoring Survey services
Investigation/Remediation of contaminated areas Command Center Dedicated Emergency Bases Trainings | Simulations Civil Firefighter and Equipment Outsourcing Medical Care and Rescue Emergency response base for oil spills in water resources EX Equipment Rental Tank Cleaning Inspection Repare Painting DOWNSTREAM MIDSTREAMUPSTREAM *CROSS SELLING WITH ENVIRONMENT
ambipar response Investor day
www.ambipar.com
ambipar response Investor day
www.ambipar.com
CASE OIL & GAS AMBIPAR PRESENCE IN ALL SEDIMENTARY BASINS
Operation across the entire oil supply chain
UPSTREAM MIDSTREAM DOWNSTREAM
ambipar response Investor day
www.ambipar.com
CASE PETROCHEMICAL INDUSTRY
Regions: Camaçari/BA, Alagoas/MA and São Paulo/SP - Brazil
ENVIRONMENTAL EMERGENCY MARITIME INDUSTRIAL Execution of Environmental Programs Preparation of Risk Analysis Studies Oiled Fauna Service Investigation and remediation of contaminated areas Command Center Dedicated Emergency Bases Trainings and Simulations Civil Firefighter and Equipment Outsourcing Medical Care and Rescue Port Emergency Base | Oil Spill EX Equipment Rental Cleaning Inspections Tank Repairs and Painting
ambipar response Investor day
www.ambipar.com
Case Ports and Terminals
São Francisco do Sul/SC, Itajaí/SC, Itapoá/SC, Navegantes/SC, Rio Grande do Sul/RS, Paranaguá/PR, Rio de Janeiro/RJ, Porto do Açu/RJ, Porto Sudeste/RJ, Niterói/RJ ,Vitoria/ES, Laguna/SC, Muriti/MA Santos/SP, Maceió/AL - Brazil
ENVIRONMENTAL EMERGENCY MARITIME INDUSTRIAL
Preparation of Studies, Risk Programs
Emergency Plans
Environmental Programs
Oiled Fauna
Environmental Monitoring Geosciences
Command Center
Oil Spill Trainings and Simulations
Civil Firefighter and Equipment Outsourcing
Medical Care and Rescue
Oil Spill Port Emergency Base
Port Logistics
Preventive Siege
Lashing
Port Support
Boats
Ambulance Vessel
EX Equipment Rental
Tank cleaning
Inspections
Repairs
ambipar response Investor day
www.ambipar.com
Opportunity
vendas@ambipar.com
ambipar response Investor day
www.ambipar.com
ambipar response Investor day
www.ambipar.com
OPPORTUNITY SUMMARY
Grow share of wallet in Brazil
Develop the business platform globally
Replicate model in the USA
Conclude the integration and capture its efficiencies
Escalated Leadership team
ambipar response Investor day
www.ambipar.com
PLATFORM ASSEMBLY Little diversified and experiencing internationalization Brazil LATAM Europe North America % TOTAL REVENUE 48%
35% 9% 8% EMERGENCY INDUSTRIAL ENVIRONMENTAL MARITIME Original Operation Organic expansion BRAEMAR AIE = ambipar response
ambipar response Investor day
www.ambipar.com
ambipar response Investor day
www.ambipar.com
BUILT PLATFORM
Brazil functioning and under construction abroad
Brazil LATAM Europe North America
% TOTAL 40% 7% 6% 45%
REVENUE
EMERGENCY
INDUSTRIAL
ENVIRONMENTAL
MARITIME
ambipar response Investor day
www.ambipar.com
NORTH AMERICA OPPORTUNITY
Replicate the Latin American model
Fragmented market:
> 1.000 players
3 biggest players have market share of <5%
Brokers (intermediaries)
Addressable market de USD25 bi¹
Opening of 11 new bases in 3 new states
Command Center
Training center
Back office integration (system/processes)
Corporate simplification
Mining - Canada
Source: 1 - Environmental Business Journal – Volume XXXII Number 11/12 Winter 2019.
ambipar response Investor day
www.ambipar.com
Organic growth of acquisitions
Companies with more than 2 years of acquisition
43.5 +55% 67.5
Pré M&A 1Q24 LTM
70.0 +64% 114.5
Pré M&A 1Q24 LTM
ambipar response Investor day
www.ambipar.com
INTEGRATION – OPERATIONAL STANDARDIZATION
Construction of pillars boosts business
Pillars Brazil LatAm North America Europe
Capillarity
Standardization Bases
Training
Integrated Command Center
Technical Reference
Commercial and Integrated
Service Offer
Back Office
ambipar response Investor day
www.ambipar.com
TEAM SCHEDULED
Independent corporate governance, in compliance with Sox
Formation of a global leadership team
Synergies with the corporate group / CSC
CEO
Rafael Santo
COO
João Araujo
CFO
Fabio Castro
People and Management
Simone Hirakuri
IT
Luiz Wolf
Europe President
Martin Lehane
Latam President
Pablo Pinochet
North America
Presidente
Pablo Pinochet
Brazil
Corporate
Commercial
Erik Cardassi
Emergency Response
Road
Dennys Spencer
Rail
Joanir MIranda
Air
Fernando Telles
Medical
Guilherme Costa
Industrial Services
Industrial Head
Rogerio Calderaro
Environmental
Services
Environmental
Head
Gelcilio Barros
Maritime Services
Maritime Head
Fabio Cabral
ambipar response Investor day
www.ambipar.com
THESIS SUMMARY
Proven business model
Growing demand driven by compliance with environmental regulations
Globally fragmented market
Well positioned to replicate model in North America
Track record of growth with profitability
ambipar response Investor day
www.ambipar.com
Deepwater Horizon – Gulf of Mexico
(2010)
Biggest oil spill in history Ambipar acted
ambipar response Investor day
www.ambipar.com
Industrial Fire Santos/SP
(2015)
World’s Second largest in petrochemical terminals Ambipar acted
ambipar response Investor day
www.ambipar.com
Chile, PITRUFQUÉN (2016)
Bridge collapse Ambipar acted
ambipar response Investor day
www.ambipar.com
Hurricanes Irma and Maria (2017)
Ambipar acted
ambipar response Investor day
www.ambipar.com
Mining pipeline leak – Santo Antônio do
Grama - MG (2018)
Ambipar Acted
ambipar response Investor day
www.ambipar.com
Brumadinho – MG (2019)
Ore tailings dam collapse
One of the biggest environmental disasters in Brazilian history
Ambipar Acted
ambipar response Investor day
www.ambipar.com
COVID Decontamination (2019 - 22)
Ambipar Acted
ambipar response Investor day
www.ambipar.com
Suez Canal Closure – Egypt
(2021)
Ambipar Acted
ambipar response Investor day
www.ambipar.com
Gibraltar (2022-23)
Ambipar Acted
ambipar response Investor day
www.ambipar.com
Oil Spill - Peru (2022)
Biggest oil spill in Latin America
Ambipar Acted
ambipar response Investor day
www.ambipar.com
Baltimore bridge colapse (2024)
Ambipar Acted
ambipar response Investor day
www.ambipar.com
Floods in Rio Grande do Sul (2024)
Ambipar Acted