2018 9
DISCLAIMER This presentation may contain certain forward-looking projections and trends that neither represent realized financial results nor historical information. These forward-looking projections and trends are subject to risk and uncertainty, and future results may differ materially from the projections. Many of these risks and uncertainties are related to factors that are beyond CCR’s ability to control or to estimate, such as market conditions, currency swings, the behavior of other market participants, the actions of regulatory agencies, the ability of the company to continue to obtain financing, changes in the political and social context in which CCR operates or economic trends or conditions, including changes in the rate of inflation and changes in consumer confidence on a global, national or regional scale. Readers are advised not to fully trust these projections and trends. CCR is not obliged to publish any revision of these projections and trends that should reflect new events or circumstances after the realization of this presentation. 2
CCR BUSINESS Enable solutions for Infrastructure Investments and Services, contributing to the Socioeconomic and Environmental Development of the regions where we operate. 3
CCR HIGHLIGHTS 1 st Company listed in Novo Mercado (2002) 50% of São Paulo Market Cap of R$ 21 Billion as of October 26 2018 cargo volume transported through CCR concessions Portfolio reaches 54,1% of Brazilian population and 63,8% of Brazilian GDP (2015) 15 concessions in the South, Southeast, Middle West and Northeast regions of Brazil, 4 airport concessions, 3 Lation America and 1 in Brazil PUBLIC, CLEAR AND DEFINED STRATEGY 4
OWNERSHIP STRUCTURE Shared Control First company listed on B3’s Novo Mercado (New Market) Floating Controlling shareholders aligned and committed to the best practices of Grupo Andrade Gutierrez Corporate Governance. Grupo Camargo Corrêa Grupo Soares Penido 15.0 % 9% 4% 14.9% 55.2 % 14.9 Foreign Investor % Individual Investor (Brazil) Legal Entities (Brazil) 87% 5
CCR EBITDA MIX AND MARKET SHARE BY SECTOR EBITDA 1% 2% 2005 2017 2010 5% 8% 99% 98% 87% Highways Services Urban Mobility Airports Toll Road Sector (2017)* Airport Sector (2017)* Urban Mobility Sector (2017)* TOLL REVENUES TOTAL PAX TOTAL PAX (EX-CONSTRUCTION REVENUES) 11% 34% 37% R$ 6.6 billion 66% 63% 89% BH Airport Other private CCR Other private CCR Other private 6 * Sources: ABCR, Infraero and RF Annual Report
CCR PORTFOLIO 2018 URBAN HIGHWAYS SERVICES AIRPORTS MOBILITY Company Share Company Share Company Share Company Share CCR NovaDutra CCR Actua ViaQuatro 75% 100% 100% Quito 50% CCR Barcas CCR ViaLagos CCR Engelog 80% 100% 100% San Jose 97% VLT Carioca CCR RodoNorte CCR EngelogTec 24,9% 86% 100% Curaçao 79% CCR Metrô Bahia CCR AutoBAn 100% BH Airport 38% SAMM 100% 100% CCR ViaOeste 100% TAS 70% ViaMobilidade 83% CCR RodoAnel 99% QUIAMA 50% Renovias 40% CCR SPVias 100% ViaRio 66% CCR MSVia 100% 7
HISTORIC EVOLUTION OF CCR CCR has a proven track record on acquisitions, diversification and new biddings. NASP EUA Via Mobilidade 2002 2003 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2004 2018 New concessions Main events Follow-on Acquisitions Concession extesions Sale Stake increase 8
ADDITIONAL EBITDA – NEW BUSINESSES ViaRio, ViaRio, VLT, Salvador, VLT, Salvador, R$ 2.6 bi additional EBITDA In R$ bi In R$ bi MSVia and MSVia and TAS TAS BH BH Airports Airports and and Barcas Barcas 5.1 SPVias SPVias 4.4 and SAMM and SAMM 4.2 ViaOeste ViaOeste RodoAnel, RodoAnel, 3.5 Renovias Renovias ViaQuatro ViaQuatro and Controlar and Controlar 3.2 STP STP 2.6 Portifolio Portifolio IPO IPO 2.5 9 *EBITDA in 2016 excludes the sale of the stake in STP and in 2017 excludes non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio
PORTFOLIO IN BRAZIL AND ABROAD (2005) United States Bahia 4 1 Mato Minas Gerias Grosso do Sul COPORATE OFFICES São Paulo São Paulo 1 Rio de Janeiro 1 Paraná 6 São Paulo HIGHWAYS 2 Curitiba CCR ViaLagos CCR ViaOeste 1 5 3 5 CCR NovaDutra CCR Ponte 2 6 1 CCR RodoNorte Brazil 3 CCR AutoBAn 4 SERVICES CCR Actua, CCR Engelog, 1 10
PORTFOLIO IN BRAZIL AND ABROAD (2018) Chicago Bradley 4 5 5 San Francisco Ohio United States 5 5 5 NewPort Montgomery Atlanta Los Angeles Bahia 5 2 5 Salvador Houston 5 Brasília 4 4 1 10 Mato Minas Gerias Grosso 1 do Sul Campo Grande COPORATE OFFICES Belo Horizonte 2 Curaçao São Paulo São Paulo Rio de Janeiro 1 3 3 Rio de Janeiro 7 Brasília United States 1 2 4 Costa Rica Paraná 8 São 6 Paulo 4 HIGHWAYS 2 Curitiba CCR ViaLagos CCR ViaOeste ViaRio 1 5 9 3 5 Ecuador CCR NovaDutra CCR RodoAnel CCR MSVia 2 10 6 9 1 CCR RodoNorte Renovias Brazil 2 3 7 1 3 2 CCR AutoBAn CCR SPVias 8 4 3 URBAN MOBILITY ViaQuatro, ViaMobilidade 1 VLT Carioca 3 CCR Barcas 2 CCR Metrô Bahia 4 AIRPORTS SERVICES CCR Actua, CCR Engelog, BH Airport Quiport 1 4 1 CCR EngelogTec and Instituto CCR Curação Partners TAS 2 5 Samm 2 (Aeroportuary Aeris 3 Services) 11
ASSET OVERVIEW Remaininng years under Concession Granting Power CCR Stake % EBITDA 2017 % concession AutoBAn ARTESP 100% 9.3 29.3% ViaOeste ARTESP 100% 4.1 14.2% NovaDutra ANTT 100% 3.9 13.8% RodoNorte DER - Paraná 86% 3.8 10.8% SPVias ARTESP 100% 9.7 8.7% Quito Airport EPM 50% 23.8 3.1% Rodoanel Oeste ARTESP 98.9% 20.5 3.4% ViaQuatro CMSP 75% 22.3 5.3% Renovias ARTESP 40% 4.5 2.3% ViaLagos AGETRANSP - RJ 100% 19.8 1.4% San José Airport CETAC 48.8% 9.4 1.1% Curaçao Airport CAH 79.8% 16.6 0.4% VLT² RJ City Hall 24.9% 20.7 0.2% BH Airport² ANAC 38.3% 26.3 0.3% ViaRio² RJ City Hall 66.66% 29.3 0.6% MSVia² ANTT 100% 26.3 2.3% Barcas AGETRANSP - RJ 80% 5.1 -0.8% Metrô Bahia² SEDUR - BA 100% 25.8 3.2% Weighted average (by EBITDA) 10.0 ¹ Services Companies ² Pre operational projects or in ramp up phase during 2016 and/or 2017 12
TRAFFIC TRENDS Historical Elasticity: ~2.0 x GDP YTD 2010 | + 12.1% 2011 | + 5.4% 2012 | + 2.9% 2013 | + 6.0% 2014 | + 2.5% 2016 | - 4.5% 2015 | - 4.6% 2017 | + 1.2% Consolidated Traffic 2010 – Current Consolidated Traffic 2010 – Current 27.3% (Equivalent Vehicles– YoY) % (Equivalent Vehicles– YoY) % 25.9% 22.8% 19.2% 17.2% 12.3% 9.2% 8.5% 10.7% 6.2% 5.1% 5.0% 5.0% 7.4% 3.1% 3.9% 4.4% 2.0% 0.1% 3.1% 3.1% 0.4% -1.3% -1.3% -4.0% -0.7% -2.3% -3.2% -2.6% -3.8% -3.9% -4.5% -5.5% -6.6% -6.5% WHY INVESTING IN CCR? Resilient business model 13
FINANCIAL HIGHLIGHTS IFRS Proforma Financial Indicators (R$ MM) 3Q17 3Q18 Chg % 3Q17 3Q18 Chg % Net Revenues 1 1,983.1 2,090.3 5.4% 2,136.0 2,310.8 8.2% Adjusted Net Revenues on the same basis 2 1,983.1 2,064.0 4.1% 2,136.0 2,284.5 7.0% Adjusted EBIT 3 899.7 765.5 -14.9% 969.6 857.0 -11.6% Adjusted EBIT Mg. 4 45.4% 36.6% -8.8 p.p. 45.4% 37.1% -8.3 p.p. EBIT on the same basis 2 899.7 816.2 -9.3% 969.6 907.7 -6.4% EBIT Mg. on the same basis 2 45.4% 39.5% 45.4% 39.7% -5.9 p.p. -5.7 p.p. Adjusted EBITDA 5 1,268.9 1,258.1 -0.9% 1,372.9 1,393.1 1.5% Adjusted EBITDA Mg. 4 64.0% 60.2% -3.8 p.p. 64.3% 60.3% -4.0 p.p. Adjusted EBITDA on the same basis 2 1,268.9 1,307.0 3.0% 1,372.9 1,442.0 5.0% Adjusted EBITDA Mg. on the same basis 2 64.0% 63.3% 64.3% 63.1% -0.7 p.p. -1.2 p.p. Net Income 472.3 365.3 -22.7% 472.3 365.3 -22.7% Net Income on the same basis 2 472.3 405.3 -14.2% 472.3 405.3 -14.2% 1 Net revenue excludes construction revenue. 2 Same-basis figures exclude: (i) ViaMobilidade, whose concession agreement was executed in April 2018; (ii) non-recurring expenses related to the Independent Committee, with an impact of R$17.1 million on EBITDA and R$11.3 million on net income; and (iii) CCR Group’s non-recurring severance costs, with an impact of R$31.8 million on EBITDA and R$21.0 million on net income. 3 Calculated by adding net revenue, construction revenue, cost of services and administrative expenses. 4 The adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS. 5 Calculated excluding non-cash expenses: depreciation and amortization, provision for maintenance and the recognition of prepaid concession expenses. WHY INVESTING IN CCR? Strong Cash generation 14
DEBT IN SEPTEMBER 30, 2018 Gross debt by indexer Hedged gross debt by indexer Not hedged Not hedged Hedged Hedged 3Q18 3Q17 3Q18 USD Others USD USD 4.4% 4.1% 4.4% 3.6% TJLP TJLP 24.5% TJLP 24.5% CDI • Hedged • Hedged 24.2% 45.3% CDI CDI 56.4% 56.8% IPCA IPCA 14.7% IPCA 11.3% 25.8% Indebtedness and leverage position • Total Gross Debt: R$ 17.7 bi • Total Gross Debt: R$ 17.7 bi (R$18.8 Bn proforma) (R$18.8 Bn proforma) * • Net Debt / EBITDA: 2.6 x • Net Debt / EBITDA: 2.6 x (2.6 x proforma) (2.6 x proforma) 15
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