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Other Information - Glossary
Adjusted EBITDA
Arbitration Chamber
Bovespa
BR GAAP
CBLC
Company or Marisa
CVM
Real, Reais or R$
Regulation S
Rule 144A
SEC
U.S. dollar, U.S. dollars or US$
Adjusted EBITDA
Adjusted EBITDA consists of EBITDA plus or minus the result from the equity method of accounting interest in real estate companies, revenue from the rental of spun-off property, net non-operating result and minority interests. Adjusted EBITDA is not a measure of financial performance under Brazilian GAAP and should not be considered individually as a measure of the Company’s economic performance, as an alternative to net income or operating cash flows or as an indicator of liquidity. There is no standard formula for calculating Adjusted EBITDA and Marisa’s definition of Adjusted EBITDA may not be similar to the definition of Adjusted EBITDA used by other companies.
Arbitration Chamber
Market Arbitration Chamber established by the Bovespa for resolution of disputes between companies and its investors.
Bovespa
São Paulo Stock Exchange (Bolsa de Valores de São Paulo).
BR GAAP
Accounting practices adopted in Brazil, or Brazilian GAAP or Brazilian Corporation Law.
CBLC
The Brazilian Settlement and Custodial Company (Companhia Brasileira de Liquidação e Custódia).
Company or Marisa
Refers to Marisa S.A.
CVM
The Brazilian Securities Commission (Comissão de Valores Mobiliários).
Real, Reais or R$
Refers to the Brazilian real, the official currency of Brazil.
Regulation S
Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to institutional and other investors outside the United States and Brazil that are not U.S. persons.
Rule 144A
Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to qualified institutional buyers of the United States.
SEC
Securities and Exchange Commission.
U.S. dollar, U.S. dollars or US$
Refers to U.S. dollars.