ULTRAPAR HOLDINGS INC

Foreign Filer Report • May 14, 2009

6-K 1 dp13488_6k.htm FORM 6-K

Form 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report Of Foreign Private Issuer

Pursuant To Rule 13a-16 Or 15d-16 Of

The Securities Exchange Act Of 1934

For the month of May, 2009

Commission File Number: 001-14950

ULTRAPAR HOLDINGS INC.

(Translation of Registrant’s Name into English)

Avenida Brigadeiro Luis Antonio, 1343, 9º Andar

São Paulo, SP, Brazil 01317-910

(Address of Principal Executive Offices)

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 X 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 X

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 X

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes No X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

ULTRAPAR HOLDINGS INC.

TABLE OF CONTENTS

ITEM
1.	Market
announcement dated May 13 th , 2009 regarding the Company’s financial
statements related to the quarters ending March 31 st , June 30 th , September 30 th and December 31 st ,
2008

Item 1

ULTRAPAR PARTICIPAÇÕES S.A. Publicly Traded Company CNPJ Nº 33.256.439/0001-39

MARKET ANNOUNCEMENT

São Paulo, May 13 th , 2009 – ULTRAPAR PARTICIPAÇÕES S.A. (“Company”) hereby informs that it released today, in its website ( www.ultra.com.br ), the Company’s financial statements related to the quarters ending March 31 st , June 30 th , September 30 th and December 31 st , 2008 (Attachment I), according to the changes introduced by Law 11,638/07, Provisional Measure 449/08, as well as the CVM standards, instructions and guidelines that regulate them.

Such information is different from the figures previously reported in the respective quarterly results release, and is provided in order to allow comparability of the quarterly financial statements from January 1 st , 2009 on. For a better understanding of the effects of the new legislation, it was also presented a statement with the impacts derived from the changes introduced by Law 11,638/07 and Provisional Measure 449/08 in the main accounts of the financial statements in each quarter of 2008 compared to the figures previously reported (Attachment II).

André Covre Chief Financial and Investor Relations Officer Ultrapar Participações S.A.

Attachment I (page 1 to 6)

ULTRAPAR PARTICIPAÇÕ ES S/A
CONSOLIDATED BALANCE
SHEET
in thousands of
R$

	Law 6,404				Law 11,638
	2008				2008
ASSETS	1.Quarter	2.Quarter	3.Quarter	4.Quarter	1.Quarter	2.Quarter	3.Quarter	4.Quarter
Cash and cash
equivalents	2,364,732	2,723,711	2,539,829	2,124,603	2,365,449	2,726,731	2,540,152	2,126,427
Trade
accounts receivable	1,190,152	1,458,365	1,547,656	1,429,311	1,190,152	1,458,365	1,547,656	1,429,311
Inventories	714,127	664,560	855,952	1,033,756	714,127	664,560	855,952	1,033,756
Other	1,068,681	314,474	415,055	548,501	1,065,710	312,943	414,494	546,316
CURRENT
ASSETS	5,337,692	5,161,110	5,358,492	5,136,171	5,335,438	5,162,599	5,358,254	5,135,810
Investments	47,029	47,100	20,736	39,505	47,823	48,331	22,291	33,981
Property,
plant and equipment	2,422,616	2,566,202	2,757,771	3,173,174	2,982,423	3,112,507	3,295,564	3,726,090
Deferred
charges	576,447	569,191	557,901	513,575	61,601	68,768	66,586	15,604
Long term
investments	120,210	120,605	30,164	7,193	120,210	120,605	30,164	7,193
Other long
term assets	488,360	534,364	539,636	773,782	465,817	511,008	514,786	748,490
LONG
TERM ASSETS	3,654,662	3,837,462	3,906,208	4,507,230	3,677,874	3,861,219	3,929,391	4,531,358
TOTAL
ASSETS	8,992,354	8,998,572	9,264,700	9,643,401	9,013,312	9,023,818	9,287,645	9,667,168

| | Law 6,404 | | | | Law
11,638 | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 2008 | | | | | | | | | | | |
| LIABILITIES | 1.Quarter | 2.Quarter | 3.Quarter | 4.Quarter | 1.Quarter | 2.Quarter | | 3.Quarter | | 4.Quarter | | |
| Loans and
financing | 1,866,545 | 1,730,964 | 1,636,481 | 1,647,591 | 1,874,068 | | 1,739,450 | | 1,645,963 | | 1,658,115 | |
| Debentures | - | - | - | - | - | | - | | - | | - | |
| Suppliers | 428,975 | 478,993 | 586,344 | 613,404 | 429,217 | | 479,154 | | 586,452 | | 614,201 | |
| Payroll and
related charges | 105,625 | 125,578 | 144,848 | 163,642 | 106,455 | | 126,682 | | 146,342 | | 164,620 | |
| Taxes | 140,767 | 86,849 | 111,581 | 120,971 | 140,805 | | 86,886 | | 111,624 | | 121,096 | |
| Other
accounts payable | 124,028 | 100,130 | 107,848 | 189,685 | 124,028 | | 100,130 | | 107,851 | | 189,688 | |
| CURRENT
LIABILITIES | 2,665,940 | 2,522,514 | 2,587,102 | 2,735,292 | 2,674,573 | | 2,532,302 | | 2,598,232 | | 2,747,720 | |
| Loans | 1,406,221 | 1,518,509 | 1,731,334 | 2,008,498 | 1,417,950 | | 1,529,044 | | 1,739,885 | | 2,013,807 | |
| Debentures | - | - | - | - | - | | - | | - | | - | |
| Deferred
income tax | 1,826 | 1,730 | 1,853 | 16,204 | 2,559 | | 2,771 | | 3,043 | | 18,233 | |
| Other
accounts payable | 229,028 | 228,914 | 218,022 | 199,145 | 229,028 | | 228,914 | | 218,022 | | 199,145 | |
| LONG
TERM LIABILITIES | 1,637,075 | 1,749,153 | 1,951,209 | 2,223,846 | 1,649,537 | | 1,760,729 | | 1,960,950 | | 2,231,185 | |
| MINORITY
INTEREST | 35,334 | 36,509 | 37,987 | 38,191 | 35,330 | | 36,505 | | 37,983 | | 38,187 | |
| Capital | 3,696,773 | 3,696,773 | 3,696,773 | 3,696,773 | 3,696,773 | | 3,696,773 | | 3,696,773 | | 3,696,773 | |
| Capital
Reserve | 959 | 1,058 | 1,156 | 855 | 959 | | 1,058 | | 1,156 | | 855 | |
| Revaluation
reserve | 11,307 | 10,973 | 10,613 | 10,280 | 11,307 | | 10,973 | | 10,613 | | 10,280 | |
| Profit
reserves | 854,600 | 786,961 | 787,188 | 938,164 | 854,600 | | 786,961 | | 787,188 | | 940,107 | |
| Retained
earnings | 90,366 | 194,631 | 192,672 | - | 89,785 | | 200,488 | | 203,621 | | - | |
| Valuation
adjustment | 0 | 0 | 0 | - | (603 | ) | 802 | | (13,060 | ) | (6,248 | ) |
| Currency
translation of foreign subsidiaries | 0 | 0 | 0 | - | 1,052 | | (2,773 | ) | 4,189 | | 8,309 | |
| STOCKHOLDERS'
EQUITY | 4,654,005 | 4,690,396 | 4,688,402 | 4,646,072 | 4,653,873 | | 4,694,282 | | 4,690,480 | | 4,650,076 | |
| TOTAL
LIAB. AND STOCK. EQUITY | 8,992,354 | 8,998,572 | 9,264,700 | 9,643,401 | 9,013,312 | | 9,023,818 | | 9,287,645 | | 9,667,168 | |

Attachment I (page 2 to 6)

| CONS OLIDATED ULTRAPAR
PARTICIPAÇÕ ES
S/A |
| --- |
| INCOME
STATEMENT |
| CORPORATE LAW - in
thousand dollars |

	1.736527065		1.656106905		1.66776517		2.277851937		1.736527065		1.656106905		1.66776517		2.277851937		1.834562769		1.834562769
Law 6,404								Law 11,638								Law 6,404		Law 11,638
2008								2008
1.Quarter		2.Quarter		3.Quarter		4.Quarter		1.Quarter		2.Quarter		3.Quarter		4.Quarter		2008		2008
NET
SALES	3,413,372		4,222,174		4,640,086		3,340,702		3,413,372		4,222,174		4,640,086		3,340,702		15,408,567		15,408,567
COST OF GOODS
SOLD	(3,144,928	)	(3,927,699	)	(4,319,862	)	(3,065,111	)	(3,144,928	)	(3,927,699	)	(4,319,862	)	(3,065,111	)	(14,255,346	)	(14,255,346	)
GROSS
PROFIT	268,443		294,476		320,224		275,591		268,443		294,476		320,224		275,591		1,153,221		1,153,221
OPERATING
EXPENSES	(192,784	)	(201,991	)	(215,848	)	(176,388	)	(192,156	)	(201,203	)	(214,626	)	(175,392	)	(780,058	)	(776,404	)
Selling	(77,779	)	(82,311	)	(93,237	)	(69,050	)	(77,779	)	(82,311	)	(93,237	)	(69,050	)	(318,421	)	(318,421	)
Administrative
Expenses	(76,519	)	(79,035	)	(82,131	)	(73,644	)	(74,706	)	(76,944	)	(79,556	)	(71,610	)	(309,879	)	(301,409	)
Depreciation	(38,486	)	(40,645	)	(40,481	)	(33,695	)	(39,670	)	(41,949	)	(41,835	)	(34,732	)	(151,758	)	(156,574	)
OTHER OPERATING
EXPENSES	3,990		6,045		2,403		513		3,990		6,045		2,403		513		12,055		12,055
OPERATING
INCOME	79,649		98,529		106,779		99,715		80,277		99,317		108,001		100,712		385,217		388,872
FINANCIAL
RESULTS	(21,449	)	(9,941	)	(14,705	)	(38,644	)	(21,418	)	(7,019	)	(12,663	)	(43,417	)	(90,626	)	(92,029	)
INCOME BEFORE TAXES AND PROFIT
SHARING	61,876		89,146		99,446		57,402		62,526		92,852		102,710		53,626		300,721		302,960
NET INCOME	51,873		62,745		69,974		33,945		52,101		66,264		73,148		29,879		211,503		212,732
EBITDA	128,260		149,533		157,469		145,269		130,073		151,625		160,045		147,302		579,917		588,388

¹ Results before equity in earnings (losses) of affiliates

Attachment I (page 3 to 6)

ULTRAGAZ
INCOME
STATEMENT
in thousand of
US$
1.736527065	1.656106905	1.66776517	2.277851937	1.736527065	1.656106905	1.66776517	2.277851937	1.834562769	1.834562769

2008								2008
1.Quarter		2.Quarter		3.Quarter		4.Quarter		1.Quarter		2.Quarter		3.Quarter		4.Quarter		2008		2008
NET
SALES¹	429,471		515,443		549,957		361,195		429,471		515,443		549,957		361,195		1,820,251		1,820,251
Residential	269,936		315,925		330,105		226,442		269,936		315,925		330,105		226,442		1,121,953		1,121,953
Non-Residential	158,515		197,980		217,826		133,319		158,515		197,980		217,826		133,319		692,321		692,321
Utingá s	1,020		1,538		2,026		1,435		1,020		1,538		2,026		1,435		5,977		5,977
COST OF GOODS
SOLD	(373,652	)	(446,158	)	(475,985	)	(314,696	)	(373,652	)	(446,158	)	(475,985	)	(314,696	)	(1,579,889	)	(1,579,889	)
GROSS
PROFIT	55,819		69,285		73,972		46,499		55,819		69,285		73,972		46,499		240,362		240,362
OPERATING
EXPENSES	(49,454	)	(54,370	)	(52,565	)	(37,208	)	(49,454	)	(54,370	)	(52,565	)	(37,208	)	(189,877	)	(189,877	)
Selling	(15,419	)	(18,768	)	(18,220	)	(13,329	)	(15,419	)	(18,768	)	(18,220	)	(13,329	)	(64,650	)	(64,650	)
Administrative
Expenses	(16,343	)	(16,818	)	(15,657	)	(10,771	)	(16,343	)	(16,818	)	(15,657	)	(10,771	)	(58,259	)	(58,259	)
Depreciation	(17,692	)	(18,784	)	(18,688	)	(13,108	)	(17,691	)	(18,784	)	(18,688	)	(13,108	)	(66,968	)	(66,968	)
OTHER OPERATING
EXPENSES	(624	)	(1,089	)	(465	)	(477	)	(624	)	(1,089	)	(465	)	(477	)	(2,588	)	(2,588	)
OPERATING
INCOME	5,741		13,826		20,942		8,814		5,741		13,826		20,942		8,814		47,898		47,898
EBITDA	23,433		32,610		39,631		21,922		23,433		32,610		39,631		21,922		114,866		114,866

Attachment I (page 4 to 6)

IPIRANGA
INCOME
STATEMENT
in thousand
dollars
1.736527065	1.656106905	1.66776517	2.277851937	0	1.736527065	1.656106905	1.66776517	2.277851937	1.834562769	1.834562769

2008								2008
1.Quarter		2.Quarter		3.Quarter		4.Quarter		1.Quarter		2.Quarter		3.Quarter		4.Quarter		2008		2008
NET
SALES	2,707,872		3,383,760		3,739,130		2,692,984		2,707,872		3,383,760		3,739,130		2,692,984		12,360,640		12,360,640
NET
SALES OF THE FUELS DISTRIBUTION BUSINESS	2,696,977		3,382,934		3,725,232		2,679,335		2,696,977		3,382,934		3,725,232		2,679,335		12,320,001		12,320,001
GASOLINE	897,621		958,590		998,989		774,750		897,621		958,590		998,989		774,750		3,585,113		3,585,113
ETHANOL	146,639		166,547		189,728		165,620		146,639		166,547		189,728		165,620		667,267		667,267
NGV	37,458		40,886		44,778		32,522		37,458		40,886		44,778		32,522		153,453		153,453
DIESEL	1,509,918		1,980,153		2,117,850		1,445,923		1,509,918		1,980,153		2,117,850		1,445,923		6,937,367		6,937,367
FUEL OILS +
KEROSENE	30,097		32,097		34,798		18,485		30,097		32,097		34,798		18,485		112,048		112,048
LUBRICANTS AND
GREASES	63,441		79,620		78,906		64,358		63,441		79,620		78,906		64,358		283,566		283,566
OTHERS	11,803		125,041		260,183		177,677		11,803		125,041		260,183		177,677		581,186		581,186
COST OF GOODS
SOLD	(2,552,259	)	(3,212,852	)	(3,561,176	)	(2,546,290	)	(2,552,259	)	(3,212,852	)	(3,561,176	)	(2,546,290	)	(11,715,146	)	(11,715,146	)
GROSS
PROFIT	155,613		170,907		177,953		146,694		155,613		170,907		177,953		146,694		645,494		645,494
GROSS
PROFIT OF THE FUELS DISTRIBUTION BUSINESS	146,401		161,390		167,835		131,518		146,401		161,390		167,835		131,518		600,142		600,142
OPERATING
EXPENSES	(95,726	)	(92,987	)	(107,011	)	(83,316	)	(95,131	)	(92,227	)	(105,821	)	(82,349	)	(375,281	)	(371,750	)
Selling	(49,523	)	(48,112	)	(58,874	)	(42,296	)	(49,523	)	(48,112	)	(58,874	)	(42,296	)	(196,346	)	(196,346	)
Administrative
Expenses	(34,139	)	(32,237	)	(35,488	)	(30,835	)	(33,004	)	(30,886	)	(33,701	)	(29,430	)	(131,964	)	(126,300	)
Depreciation	(12,063	)	(12,637	)	(12,649	)	(10,185	)	(12,604	)	(13,229	)	(13,246	)	(10,624	)	(46,972	)	(49,104	)
OTHER OPERATING
EXPENSES	1,523		1,485		2,451		1,896		1,523		1,485		2,451		1,896		7,364		7,364
OPERATING
INCOME	61,411		79,406		73,393		65,273		62,006		80,165		74,583		66,240		277,576		281,108
EBITDA	73,644		91,458		85,262		75,169		74,779		92,809		87,049		76,575		323,113		328,776
EBITDA
OF THE FUELS DISTRIBUTION BUSINESS	64,575		82,108		74,682		58,660		65,710		83,459		76,466		60,065		275,970		281,633
INCOME CORRESPONDING TO EMPLOYEES
STATUTORY INTEREST	704		1,606		1,849		1,092		704		1,606		1,849		1,092		5,152		5,152

Attachment I (page 5 to 6)

OXITENO
INCOME
STATEMENT
in thousand
dollars
1.736527065	1.656106905	1.66776517	2.277851937	1.736527065	1.656106905	1.66776517	2.277851937	1.834562769	1.834562769

2008								2008
1.Quarter		2.Quarter		3.Quarter		4.Quarter		1.Quarter		2.Quarter		3.Quarter		4.Quarter		2008		2008
NET
SALES	239,873		270,062		295,961		249,680		239,873		270,062		295,961		249,680		1,049,910		1,049,910
DOMESTIC
MARKET	173,893		186,888		211,240		175,959		173,893		186,888		211,240		175,959		743,820		743,820
.
Polyester	10,337		5,755		4,244		5,343		10,337		5,755		4,244		5,343		25,472		25,472
.
Specialty Chemicals	163,556		181,132		206,996		170,616		163,556		181,132		206,996		170,616		718,347		718,347
FOREIGN
MARKET	65,979		83,174		84,721		73,721		65,979		83,174		84,721		73,721		306,090		306,090
.
Glycols	9,881		9,334		19,219		12,027		9,881		9,334		19,219		12,027		50,184		50,184
.
Specialty Chemicals	56,099		73,840		65,502		61,694		56,099		73,840		65,502		61,694		255,906		255,906
COST OF GOODS
SOLD	(193,346	)	(226,848	)	(241,174	)	(181,379	)	(193,346	)	(226,848	)	(241,174	)	(181,379	)	(832,247	)	(832,247	)
- Variable
Cost	(169,348	)	(197,097	)	(211,984	)	(153,574	)	(169,348	)	(197,097	)	(211,984	)	(153,574	)	(721,616	)	(721,616	)
.
Ethylene	(71,144	)	(77,409	)	(88,719	)	(55,695	)	(71,144	)	(77,409	)	(88,719	)	(55,695	)	(287,027	)	(287,027	)
.
Others	(98,205	)	(119,688	)	(123,265	)	(97,879	)	(98,205	)	(119,688	)	(123,265	)	(97,879	)	(434,589	)	(434,589	)
- Fixed
Cost	(18,158	)	(23,613	)	(22,953	)	(20,334	)	(18,158	)	(23,613	)	(22,953	)	(20,334	)	(84,616	)	(84,616	)
-
Depreciation	(5,840	)	(6,138	)	(6,237	)	(7,472	)	(5,840	)	(6,138	)	(6,237	)	(7,472	)	(26,015	)	(26,015	)
GROSS
PROFIT	46,527		43,214		54,788		68,301		46,527		43,214		54,788		68,301		217,662		217,662
OPERATING
EXPENSES	(28,862	)	(34,407	)	(35,746	)	(34,785	)	(28,862	)	(34,407	)	(35,746	)	(34,785	)	(134,066	)	(134,066	)
Selling	(12,639	)	(15,184	)	(15,942	)	(12,933	)	(12,639	)	(15,184	)	(15,942	)	(12,933	)	(56,221	)	(56,221	)
Administrative
Expenses	(14,949	)	(17,917	)	(18,735	)	(21,004	)	(14,949	)	(17,917	)	(18,735	)	(21,004	)	(73,435	)	(73,435	)
Depreciation	(1,273	)	(1,305	)	(1,070	)	(848	)	(1,273	)	(1,305	)	(1,070	)	(848	)	(4,409	)	(4,409	)
OTHER OPERATING
EXPENSES	2,367		(150	)	(321	)	(1,091	)	2,367		(150	)	(321	)	(1,091	)	458		458
OPERATING
INCOME	20,033		8,656		18,720		32,425		20,033		8,656		18,720		32,425		84,055		84,055
EBITDA	27,146		16,100		26,028		40,744		27,146		16,100		26,028		40,744		114,479		114,479

Attachment I (page 6 to 6)

ULTRACARGO
INCOME
STATEMENT
in thousand
dollars
1.73652707	1.6561069	1.66776517	2.27785194	1.73652707	1.6561069	1.66776517	2.27785194	1.834562769	1.834562769

2008								2008
1.Quarter		2.Quarter		3.Quarter		4.Quarter		1.Quarter		2.Quarter		3.Quarter		4.Quarter		2008		2008
NET
SALES	34,494		39,389		42,977		38,017		34,494		39,389		42,977		38,017		154,480		154,480
COST OF GOODS
SOLD	(22,379	)	(27,362	)	(29,528	)	(23,710	)	(22,379	)	(27,362	)	(29,528	)	(23,710	)	(102,165	)	(102,165	)
GROSS
PROFIT	12,114		12,028		13,449		14,308		12,114		12,028		13,449		14,308		52,316		52,316
OPERATING
EXPENSES	(11,465	)	(12,230	)	(12,283	)	(13,717	)	(11,465	)	(12,230	)	(12,283	)	(13,717	)	(50,091	)	(50,091	)
Selling	(130	)	(103	)	(128	)	(414	)	(130	)	(103	)	(128	)	(414	)	(845	)	(845	)
Administrative
Expenses	(10,963	)	(11,917	)	(11,912	)	(9,527	)	(10,963	)	(11,917	)	(11,912	)	(9,527	)	(43,793	)	(43,793	)
Depreciation	(373	)	(211	)	(243	)	(3,776	)	(373	)	(211	)	(243	)	(3,776	)	(5,452	)	(5,452	)
OTHER OPERATING
EXPENSES	729		324		605		178		729		324		605		178		1,754		1,754
OPERATING
INCOME	1,379		121		1,771		769		1,379		121		1,771		769		3,979		3,979
EBITDA	5,833		5,048		6,770		9,155		5,833		5,048		6,770		9,155		27,600		27,600

Attachment II (page 1 to 4)

| Effects
of the implementation of Law 11,638/07 and Provisional Measure 449/08 on
the business units' EBITDA - 1Q08 |
| --- |
| (R$
million) |

| EBITDA
before the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 127.9 | 40.7 | 47.2 | 10.2 | (3.3 | ) | 222.7 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts for
financial leasing operations recognized as property, plant & equipment
and debt | CVM 554 / CPC
06 | 2.0 | - | - | - | - | | 2.0 |
| Consolidation
of the results of the company SERMA* on the financial
statements | CVM 565 / CPC
13 | - | - | - | - | 1.2 | | 1.2 |
| Total
effects | | 2.0 | - | - | - | 1.2 | | 3.2 |
| EBITDA
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 129.9 | 40.7 | 47.2 | 10.2 | (2.1 | ) | 225.9 |

| Main
effects of the implementation of Law 11,638/07 and the Provisional Measure
449/08 on the consolidated financial statements - 1Q08 |
| --- |
| (R$
million) |

| Figures
before the implementation of Law 11,638/07 and Provisional
Measure 449/08 | | 222.7 | (37.3 | ) | 90.1 | | 787.9 | | 3,046.0 | 4,654.1 | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts of
financial leasing operations recognized as fixed assets and
debt | CVM 554 / CPC
06 | 2.0 | (0.5 | ) | 0.4 | | 29.9 | | 29.9 | (0.3 | ) |
| Consolidation
of the company SERMA and equity in income and affiliated companies of
Metalplus* in the financial statements | CVM 565 / CPC
13 | 1.2 | (0.1 | ) | - | | (0.9 | ) | 11.6 | (0.3 | ) |
| Currency
translation impact of the net investment on some foreign subsidiaries
recorded directly in the account accumulated translation
adjustment in the Shareholder's equity | CVM 534 / CPC
02 | - | (1.1 | ) | (1.1 | ) | - | | - | - | |
| Marking to
market of financial and foreign exchange and interest hedging
instruments | CVM 566 / CPC
14 | - | 0.4 | | 0.3 | | 0.2 | | - | (0.3 | ) |
| Transaction
costs and premiums in the issuance of securities and securities recognized
as debt reducer | CVM 556 / CPC
08 | - | 1.2 | | 0.8 | | (10.7 | ) | - | 0.8 | |
| Adjustment at
present value of credit balances of ICMS on the purchase of fixed assets
(CIAP) | CVM 564 / CPC
12 | - | - | | - | | - | | 4.3 | - | |
| Total
effects | | 3.2 | (0.1 | ) | 0.4 | | 18.5 | | 45.8 | (0.1 | ) |
| Figures
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 225.9 | (37.3 | ) | 90.5 | | 806.4 | | 3,091.8 | 4,654.0 | |

Attachment II (page 2 to 4)

| Effects
of the implementation of Law 11,638/07 and Provisional Measure 449/08 on
the business units' EBITDA - 2Q08 |
| --- |
| (R$
million) |

| EBITDA
before the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 151.4 | 54.0 | 26.6 | 8.4 | 7.3 | 247.7 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts for
financial leasing operations recognized as property, plant & equipment
and debt | CVM 554 / CPC
06 | 2.3 | - | - | - | - | 2.3 |
| Consolidation
of the results of the company SERMA* on the financial
statements | CVM 565 / CPC
13 | - | - | - | - | 1.1 | 1.1 |
| Total
effects | | 2.3 | - | - | - | 1.1 | 3.4 |
| EBITDA
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 153.7 | 54.0 | 26.6 | 8.4 | 8.4 | 251.1 |

| Main
effects of the implementation of Law 11,638/07 and the Provisional Measure
449/08 on the consolidated financial statements - 2Q08 |
| --- |
| (R$
million) |

| Figures
before the implementation of Law 11,638/07 and Provisional
Measure 449/08 | | 247.7 | (16.4 | ) | 103.9 | 405.2 | | 3,182.5 | 4,690.4 | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts of
financial leasing operations recognized as fixed assets and
debt | CVM 554 / CPC
06 | 2.3 | (0.5 | ) | 0.5 | 28.4 | | 29.6 | 0.8 | |
| Consolidation
of the company SERMA and equity in income and affiliated companies of
Metalplus* in the financial statements | CVM 565 / CPC
13 | 1.1 | - | | - | (0.4 | ) | 12.3 | (0.3 | ) |
| Currency
translation impact of the net investment on some foreign subsidiaries
recorded directly in the account accumulated translation
adjustment in the Shareholder's equity | CVM 534 / CPC
02 | - | 3.8 | | 3.8 | - | | - | - | |
| Marking to
market of financial and foreign exchange and interest hedging
instruments | CVM 566 / CPC
14 | - | 1.3 | | 1.3 | (2.6 | ) | - | 2.4 | |
| Transaction
costs and premiums in the issuance of securities and securities recognized
as debt reducer | CVM 556 / CPC
08 | - | 0.2 | | 0.2 | (9.4 | ) | - | 1.0 | |
| Adjustment at
present value of credit balances of ICMS on the purchase of fixed assets
(CIAP) | CVM 564 / CPC
12 | - | - | | - | - | | 5.2 | - | |
| Total
effects | | 3.4 | 4.8 | | 5.8 | 16.0 | | 47.1 | 3.9 | |
| Figures
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 251.1 | (11.6 | ) | 109.7 | 421.2 | | 3,229.6 | 4,694.3 | |

Attachment II (page 3 to 4)

| Effects
of the implementation of Law 11,638/07 and Provisional Measure 449/08 on
the business units' EBITDA - 3Q08 |
| --- |
| (R$
million) |

| EBITDA
before the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 142.2 | 66.1 | 43.4 | 11.3 | (0.4 | 262.6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts for
financial leasing operations recognized as property, plant & equipment
and debt | CVM 554 / CPC
06 | 3.0 | - | - | - | - | 3.0 |
| Consolidation
of the results of the company SERMA* on the financial
statements | CVM 565 / CPC
13 | - | - | - | - | 1.3 | 1.3 |
| Total
effects | | 3.0 | - | - | - | 1.3 | 4.3 |
| EBITDA
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 145.2 | 66.1 | 43.4 | 11.3 | 0.9 | 266.9 |

| Main
effects of the implementation of Law 11,638/07 and the Provisional Measure
449/08 on the consolidated financial statements - 3Q08 |
| --- |
| (R$
million) |

| Figures
before the implementation of Law 11,638/07 and Provisional
Measure 449/08 | | 262.6 | (24.5 | ) | 116.7 | | 797.8 | | 3,336.4 | 4,688.4 | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts of
financial leasing operations recognized as fixed assets and
debt | CVM 554 / CPC
06 | 3.0 | (0.9 | ) | 0.7 | | 27.6 | | 29.7 | 1.3 | |
| Consolidation
of the company SERMA and equity in income and affiliated companies of
Metalplus* in the financial statements | CVM 565 / CPC
13 | 1.3 | - | | - | | (0.1 | ) | 12.8 | (0.3 | ) |
| Currency
translation impact of the net investment on some foreign subsidiaries
recorded directly in the account accumulated translation
adjustment in the Shareholder's equity | CVM 534 / CPC
02 | - | (7.0 | ) | (7.0 | ) | - | | - | - | |
| Marking to
market of financial and foreign exchange and interest hedging
instruments | CVM 566 / CPC
14 | - | 11.4 | | 11.7 | | (0.2 | ) | - | 0.1 | |
| Transaction
costs and premiums in the issuance of securities and securities recognized
as debt reducer | CVM 556 / CPC
08 | - | (0.1 | ) | (0.1 | ) | (9.6 | ) | - | 1.0 | |
| Adjustment at
present value of credit balances of ICMS on the purchase of fixed assets
(CIAP) | CVM 564 / CPC
12 | - | - | | - | | - | | 5.6 | - | |
| Total
effects | | 4.3 | 3.4 | | 5.3 | | 17.7 | | 48.1 | 2.1 | |
| Figures
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 266.9 | (21.1 | ) | 122.0 | | 815.5 | | 3,384.5 | 4,690.5 | |

Attachment II (page 4 to 4)

| Effects
of the implementation of Law 11,638/07 and Provisional Measure 449/08 on
the business units' EBITDA - 4Q08 |
| --- |
| (R$
million) |

| EBITDA
before the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 171.2 | 50.0 | 92.8 | 20.9 | (4.0 | ) | 330.9 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts for
financial leasing operations recognized as property, plant & equipment
and debt | CVM 554 / CPC
06 | 3.2 | - | - | - | 0.1 | | 3.3 |
| Consolidation
of the results of the company SERMA* on the financial
statements | CVM 565 / CPC
13 | - | - | - | - | 1.3 | | 1.3 |
| Total
effects | | 3.2 | - | - | - | 1.4 | | 4.6 |
| EBITDA
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 174.4 | 50.0 | 92.8 | 20.9 | (2.6 | ) | 335.5 |

| Main
effects of the implementation of Law 11,638/07 and the Provisional Measure
449/08 on the consolidated financial statements - 4Q08 |
| --- |
| (R$
million) |

| Figures
before the implementation of Law 11,638/07 and Provisional
Measure 449/08 | | 330.9 | (88.1 | ) | 77.3 | | 1,524.3 | | 3,726.3 | 4,646.1 | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Contracts of
financial leasing operations recognized as fixed assets and
debt | CVM 554 / CPC
06 | 3.3 | (1.0 | ) | 0.8 | | 25.4 | | 29.0 | 2.4 | |
| Consolidation
of the company SERMA and equity in income and affiliated companies of
Metalplus* in the financial statements | CVM 565 / CPC
13 | 1.3 | - | | - | | (0.2 | ) | 14.9 | (0.3 | ) |
| Currency
translation impact of the net investment on some foreign subsidiaries
recorded directly in the account accumulated translation
adjustment in the Shareholder's equity | CVM 534 / CPC
02 | - | (4.2 | ) | (4.2 | ) | - | | - | - | |
| Marking to
market of financial and foreign exchange and interest hedging
instruments | CVM 566 / CPC
14 | - | (5.6 | ) | (5.8 | ) | (1.6 | ) | - | 1.1 | |
| Transaction
costs and premiums in the issuance of securities and securities recognized
as debt reducer | CVM 556 / CPC
08 | - | (0.1 | ) | (0.1 | ) | (9.6 | ) | - | 0.9 | |
| Adjustment at
present value of credit balances of ICMS on the purchase of fixed assets
(CIAP) | CVM 564 / CPC
12 | - | - | | - | | - | | 5.5 | - | |
| Total
effects | | 4.6 | (10.9 | ) | (9.3 | ) | 14.0 | | 49.4 | 4.1 | |
| Figures
after the implementation of Law 11,638/07 and Provisional Measure
449/08 | | 335.5 | (98.9 | ) | 68.1 | | 1,538.3 | | 3,775.7 | 4,650.2 | |

• SERMA - Association of users of data processing equipment and related services (responsible for IT services for Ultrapar)

** Metalúrgica Plus S / A - Former producer of gas cylinders, not currently operating

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 14, 2009

| /s/
André Covre | |
| --- | --- |
| Name: | André
Covre |
| Title: | Chief
Financial and Investor Relations Officer |

(Market Announcement)