ccro3 apresentacao ccr_day10_en

Registration and breakfast:

Reception of guests and authorities8h15

Renato Vale

Opening and welcome session9h00

Min. Cesar Borges /Raul Velloso

Challenges of infrastructure9h10

Q&A session and coffee break10h30

11h10Leonardo Vianna

New Businesses – Review of 10 years

12h00Ítalo Roppa / José Braz/ Ricardo Bisordi

New Businesses: What to expect

in the coming years

13h00Arthur Piotto Filho

Upcoming challenges

Renato Vale

Conclusions and wrap up remarks13h20

Discussion, Q&A session13h30

14h00 Lunch

AGENDA

2

VÍDEO

3

São Paulo, November 7, 2014

20 years of concessions,

15 years of CCR,

10th CCRDay

5

Renato ValeOpening and welcome session

6

OVER THOSE

10 YEARS

2005 2014|

of

7

CCR BUSINESSCreate Solutions in Investments and

Infrastructure Services that contribute to the

Socio-economic and Environmental

Development of the regions where we operate

9

RECOGNITION

10

COMPANIES FROM CCR GROUP

CCR IN 2005…

Highway

CCR Ponte

CCR NovaDutra

CCR ViaLagos

CCR RodoNorte

CCR AutoBAn

CCR ViaOeste

Company Share

100%

100%

100%

86%

100%

100%

STP

Company Share

CCR Actua

CCR Engelog

CCR Engelogtec

Company Share

100%

100%

100%

Urban Mobility Services

companies

38%34%

11

COMPANIES FROM CCR GROUP

CCR IN 2014…

Highway

CCR Ponte

CCR NovaDutra

CCR ViaLagos

CCR RodoNorte

CCR AutoBAn

CCR ViaOeste

Company Share

100%

100%

100%

86%

100%

100%

STP

Company Share

CCR Actua

CCR Engelog

CCR Engelogtec

Company Share

100%

100%

100%

Urban Mobility Services

companies

Quito

San Jose

Curaçao

BH Airport

Company Share

45%

48%

79%

38%

Airports

38%34%

CCR RodoAnel

Renovias

CCR SPVias

ViaRio

(Transolímpica)

CCR MSVia

98%

40%

100%

33%

100%

ViaQuatro

CCR Barcas

VLT Carioca

CCR Metrô Bahia

58%

80%

24%

100%

SAMM 100%

12

20 YEARS OF CONCESSIONS, 15 YEARS OF CCR...

CCR has a proven track record, either in acquisitions, diversification

or new biddings

Follow-on

USA

Concessions obtained Benchmark Acquisitions Extension of concession Multiple opportunities

for growth

20142013

(Transolímpica)

20122011201020092008200720062005

Follow-on

20042003

IPO

2002

13

COMPARISON

IBovespa x IGC x CCR Stocks

IGPM variation 152,9% and IPCA 118,9%.

-500%

0%

500%

1000%

1500%

2000%

Jan - Nov2002

Jan - Oct2003

Feb - Nov2004

Jan - Dec2005

Feb - Dec2006

Feb - Nov2007

Jan - Dec2008

Feb - Dec2009

Feb - Nov2010

Jan - Dec2011

Feb - Dec2012

Feb - Nov2013

Jan - Sep2014

CCR x Ibovespa Closing price

Base 100: 01/31/2002 (without dividends adjustment)

CCR DAY 1

14

COMPARISON

IBovespa x IGC x CCR Stocks

R$ 1,13

R$ 17,77

20132002

+ 1.472%

From 01/31/02 to 12/31/13

15

Highlights in

2014

2014

Elections

16


Source: Valor Econômico 10/2014

17

HEADLINE ABOUT CCR METRÔ BAHIA

Source: Jornal Tribuna da Bahia 10/2014

18


Minister César Borges

19


Q&A session

20


Economist Raul Velloso

21


Q&A session

22


Coffee break

23


New businesses: Leonardo ViannaReview of 10 years

24

HISTORY OF ACCOMPLISHMENTS

AND PERSPECTIVES

25

2004

0,899%

1,640% (2)

2014

2,460% (2)

4,0 (1)

0.8

4,5

4,0

3,5

3,0

2,5

2,0

1,5

1,0

0,5

-

(BRL billion)

EBITDA

Existing assets

New businesses

(1) EBITDA 2014 – values Bloomberg – Market Consensus

(2) Ratio of Existing Assets and New Businesses

26

ASSETS CONCEDED IN BRAZIL

2005 to 2010

2005 No project

2006 Line 4 of São Paulo Metro

2007 7 Federal Highways

2008 6 State Highways in São Paulo

2009 BR116/BR324 in Bahia

2010BA093 and RodoAnel Sul/Leste/SP

(Beltway)

BROWNFIELDS

Total of

17 projects

Total investment

estimated

~R$ 38.1 billion

Average investment

R$ 2.24

billion/project

27

GREENFIELD type projects

or with the need of high value

investments

Total

21 projects

Total investment estimated

~R$ 95 billion

ASSETS CONCEDED IN BRAZIL

2011 to 2014

Average investment

4.6 billion/project

Natal Airport

BR101 (ES/BA)

Guarulhos /Viracopos /Brasília Airports

Galeão Airport

Confins Airport

ViaRio

VLT CARIOCA

Salvador Metro

Line 6 of São Paulo Metro

Tamoios Highway

6 Federal Lots

PR -323

North Beltway BH

Monorail L-18 /SP

28

AMBIENTE COMPETITIVO

Assets conceded in Brazil – 2005 to 2010 Assets conceded in Brazil – 2011 to 2014

PREDOMINANCE OF

“PROVIDERS”

AND THE PERSENCE

OF FOREIGNERS

PROJECTS WITH VOCATION

TO CONSTRUCTION AND THE

NEED OF HIGH FINANCIAL

CAPACITY

29

STRATEGY

TREND

PROJECTS WITH VOCATION

TO CONSTRUCTION AND THE

NEED OF HIGH FINANCIAL

CAPACITY

• High leveraging capacity

• Proven experience

• Partnership with construction

companies

30

ALLIANCE AGREEMENT

CharacteristicsADMINISTRATION

AGREEMENT

ALLLIANCE

AGREEMENT

Remuneration: administration fee

Risk mitigation “administration fee”

Results sharing

Shared management

Aditional cost mitigation mechanism

Open book

Reimbursement of expenses

31

ALLIANCE AGREEMENT

Ceiling Price / Target Price

CP e TP

Ceiling Price

and Target

Price

Administration

Cost

C

Contingency Profit

T

Taxes

CI

Indirect Cost

CD

Direct Cost

CA

L

32

RESULTS SHARING

120

0

Max bonus = 100% of profit

Profit

Max loss = 100% of profit

80

20

90

15

100

10

110

5

Target Price

Results of the allied

Results of the agreement

33

CCR Metrô Bahia ALLIANCE AGREEMENT

OBLIGATION OF PARTNERSHIP WITH THE CONSTRUCTION COMPANY – PUBLIC NOTICE

INITIAL PROPOSAL (CEILING PRICE) DONE TOGETHER ( CCR ENGELOG X CONSTRUCTION COMPANIES)

VALIDATION OF THIS DESTE PROPOSAL DONE BY EXTERNAL AUDIT

INDEPENDENT COMPANY TO TRACK COSTS OF PROJECT

34

FUTURE PROJECTS

HIGHWAYS

35

HIGHWAYS

Main projects

4,590 Km of

Highways

Estimated

investment

R$ 30 billion

• RIO - NITERÓI BRIDGE

• BR 476/153/282/480 PR/SC

• BR 364 - GO/MG

• BR-163 /230 - MT/PA

• BR 364/060 - MT/GO

FEDERAL HIGHWAYS

• BR 101 - BA

• BR 262 –MG /ES

• BR 116- MG

PMI’s

2,625 Km

1,965 Km

Official sources

36

FUTURE PROJECTS

RAILWAYS

37

RAILWAYS

Federal plan of investments in logistics

Railway ring SP North Section

Railway ring SP South Section

Access to Santos Harbor

Lucas do Rio Verde Uruaçu

Uruaçu – Corinto – Campos

Rio de Janeiro – Campos – Vitória

Belo Horizonte – Salvador

Salvador – Recife

Estrela do Oeste – Panorama – Maracaju

Maracaju – Mafra

São Paulo – Mafra – Rio Grande

Açailândia – Vila do Conde

Main sections to be bid

Total ways

10.000 km

Launch of public notice + preparation of proposals: 1st semester 2014

Total Capex

R$ 91 Billion

Official sources

38

FUTURE PROJECTS

URBAN MOBILITY

39

URBAN MOBILITY

Main projects

• INTER-CITIES TRAIN - SP

• BELO HORIZONTE METRO

• CONFINS VLT

• BRASILIA METRO

• LINE 3 - NITERÓI

• CURITIBA METRO

• PORTO ALEGRE METRO

• FLORIANÓPOLIS SEA CROSSING

• SP METRO (L-20 / L-5/ L-17)

5.4 billion

1.7 billion

5.3 billion

2.3 billion

3.0 billion

4.5 billion

2.5 billion

1.0 billion

15.0 billion

Investments over

R$ 38.7 billion

Official sources

40

TERRITORIAL VECTORS OF SÃO PAULO MACRO METROPOLIS

Source: Emplasa

41

NAME PERIODTOTAL/VECTOR

TERRITORIAL VECTOR 2025 2035 2040

RMSP 68.930,00 97.340,00 3.800,00 170.070,00

BANDEIRANTES 14.001,30 10.016,70 - 24.018,0

PARAÍBA VALLEY 7.419,30 9.416,70 250,00 17.086,00

EXPORT CORRIDOR 3.188,00 13.016,70 - 16.204,70

SOROCABA 8.115,30 7.556,70 - 15.672,00

MMP PERIMETER 7.228,00 3.727,00 - 10.955,00

SUBTOTAL 108.881,90 141.073,80 4.050,00 254.005,70

SYSTEMIC VECTOR

SANITATION AND WATER RESOURCES 29.699,80 17.660,00 - 47.359,80

ENVIRONMENTAL DEVELOPMENT 2.319,40 - - 2.319,40

SUBTOTAL 32.019,30 17.660,00 - 49.679,30

TOTAL OF PORTFOLIO 140.901,20 158.733,80 - 303.684,960

COST ESTIMATE

Source: Emplasa

42

Source: Emplasa

COST ESTIMATE

43


Current businesses: Ítalo RoppaWhat to expect in the coming years

44

SÃO PAULO HIGHWAYS

45

CCR AutoBAn

Launch of de construction works by the Governor

46

SÃO PAULO HIGHWAYS CCR SPVias and CCR ViaOeste

47

NEW INVESTMENTS UNDER NEGOTIATION

Summary chart

R$ 230 million

CCR AutoBAnR$ 160 million

CCR SPViasR$ 24 million

CCR ViaOeste

R$ 414 million

Total

48

CONTRACTUAL REBALANCING

Criterion of

Marginal

Cash Flow

Real traffic

Return rate of

around 9%

Rebalancing in

the extention of

concession period

49

SÃO PAULO HIGHWAYS CCR SPVias

R$ 13.40 – uniderectional tollcollection

R$ 6.70 – bidirectional tollcollection

R$ 9.20 – uniderectionaltoll collection

50

ViaQuatro

51

passengers transported

in the past 12 months

...almost one Brazil

per yearin its trains!

More than

190 MILLION

52

Only Paulistaand Faria

Lima Stationsoperating

Inclusion ofButantã,

Pinheiros, República

Luz Stations

Record785

(May/14)

708.000

2014 (*)

651.000

2013

568.000

2012

181.000

20112010

12.000

(*) Market Consensus

AVERAGE DEMAND

Working day

53

DELIVERY AS OF 2014

54

Addendum 05 Phase II

Issuance of Service Order of Manufacture Phase II

Purchase of 15 new trains and telecommunications and signaling systems

R$ 663 million

ViaQuatro

55

Part 2

R$ 124

million

ACKNOWLEDGEMENT OF CREDIT IN FAVOR OF ViaQuatro

56

ViaQuatro VIDEO

57

STP

58

STP

Tolled Volumes (%)

58% (*)

Toll Revenue in Electronic

Collection (%):

62,7% (*)

(*) concessionaires administered by CCR Group (2014)

59

REVENUE AND EBITDA GROWTH – R$ MILLION

141219

311411

506606

714

63 89 133 183 229286 330

0

200

400

600

800

2008 2009 2010 2011 2012 2013 2014 (*)

Revenue EBITDA

CAGR: 32%

CAGR: 31%

(*) Market consensus

60

65,76%

34,24%

Others

NEW

OWNERSHIP

STRUCURE

Acquisition value(base Sep/2013)

R$ 2.55 billion

STP

61

PROJECTS

• We overcame 4.6 Million Users

• More than 210 parking lots

Beginning of commercial operation of “Projeto Sem Parar TAXI”

(Non Stop TAXI Project) – more than 4,000 registered taxis

Beginning of commercial operation of

“Projeto Abastece” in more than 270 SHELL gas stations

62

STP TRANSACTIONS AND THE COMPETITION

Total amount in the following Concessionaires: CCR Autoban, CCR RodoAnel, CCR ViaOeste, CCR SPVias and Renovias

12 63 142 175 220 266 300 341 370 395 410 402 474

8311138

1706

2670

4146

0 3 30 66 107 134 159 191 225 268 295 267325 347 354 350 393 4360

500

1000

1500

2000

2500

3000

3500

4000

4500

Sem Parar Others

Frequency 915 MHz

Mar/13 Apr/13 May/13 Jun/13 Oct/13Jul/13 Aug/13 Sep/13 Feb/14Nov/13 Dec/13 Jan/14 Apr/14Mar/14 Jun/14May/14 Jul/14 Aug/14

In thousands

63

TRANSACTIONS IN ELECTRONIC COLLECTION

(frequencies 5.8 GHz and 915 MHz)

99%

1%Others

STP

In Concessions of highways administered by CCR.

64

CCR Metrô Bahia

65

ROUTES

15

jan

13

jun

15

set

Jan 15

Jun 14

Sep 14

Apr 17

Oct 16

Apr 16

Oct 15

Line 1 – Built (revitalization)

Line 1 - Under Construction

Line 2 - Project

Contract Provision

66

BEGINNING OF ASSISTED OPERATION

Lapa – Northern Access

67

BEGINNING OF ASSISTED OPERATION

Lapa - Retiro

68

MORE THAN 1.5 MILLION PASSENGERS TRANSPORTED

Since Jun/14

69

LINE 2

Typical Station

70

LINE 2

Typical Station

71

LINE 2

Typical Station

72

LINE 2

Typical Station

73

MAIN CHALLENGES OF THE PROJECT

Government

Inputs

Financing

Conter-provision

Integration(Physical and Fare

with city bus)

Investments/

deadlines

74

VIDEO

75

São Paulo, november 7, 2014

New businesses: José Braz What to expect in the coming years

76

CCR Ponte

77

CCR Ponte

• Investments: R$305 million

• Termination of concession contract: May 2015

• PMI

• Expected delivery of proposal: January 2015

78

../../../Fotos/Ponte/Figura6_SergioMurilo.JPG

CCR NovaDutra

79

CCR NovaDutra

• Planned aditional investments: R$ 3 billion

• Serra das Araras

• River Side roads, São Paulo and São José dos Campos

• Other Safety Works

80

CCR NovaDutra

GeometricProject

Serra das Araras - km 219+000 to km 228+000/RJ

81

CCR NovaDutra

Serra das Araras - km 219+000 to km 228+000/RJ

Section Type – Tunnel

Type Section Tunnel

Illustration

83

CCR NovaDutra

Implementation of New Track of Serra das Araras

Bridges and Overpasses – Quantity: 16 | Total extension: 6.330 mts

Profile

Type 1

Height of pillars =

30 to 60 m

Type 2

Height of pillars =

15 to 35 m

Illustration

84

CCR RodoNorte

85

CCR RodoNorte

• Planned Additional Investments: R$ 1.0 billion

• Addition BR-277

86

INVESTMENTS CCR RodoNorte

BR 277 Duplication of Highway

Km 114 to Km 123 Section PR 243

87

INVESTMENTS CCR RodoNorte

BR 376 Duplicationof Highway

PlannedInvestments:

2014: R$ 125 million2015: R$ 100 million

88

CCR MSVia

89

CCR MSVia

90

CCR MSVia

• Concession Data

• BR-163 – Mato Grosso do Sul

• Total extension: 847 km

• Period: 30 years

• Contract signing: March 11, 2014

• Total planned investments: R$ 3.4 billion in the first 5 years of the Concession

• Being 10% of duplication necessary to the beginning of toll collection, planned for October 11, 2015

• % of Investments already contracted: 60 %

• Operations of the Highway started on October 11, 2014

91

PROJECT PROGRESS

92

ViaRio

93

ViaRio

• Concession Data:

• Transolímpica is an Expressway that connects Barra da Tijuca in Rio de Janeiro to Deodoro

• 2016 Olympic Games



• Contract signing: April 26 2012

• Total planned investments: R$ 1.6 billion, with completion planned to April 2016, being 67% of road with public input

• % of investments done up to date: 35%

• Contract amendment for alteration of layout: R$450 million, through public input from PCRJ

• Beginning of toll collection: April, 2016

94

ViaRio

Oct/14

Carlos Pontes Ave to North Entrance

of Engenho Velho TunnelEngenho Velho Tunnel

CARD PMO: Boiuna Hwy up to Rio

Grande Hwy | Boiuna Overpass

Segmento 01 Segmento 02 Segmento 03

1


2


3

Marechal Mallet Ave. Up to CFAP

95

VLT Carioca

96

VLT Carioca

• Concession Data

• Concession contract sponsored for services of implementation,

operation and maintenance of the VLT system in Rio de Janeiro

harbor region



• Contract signing: July, 2013

• Total planned investments: R$ 1.2 billion, with completion

planned to April 2016, being 45% of public input

• % of investments done up to date: 40%

• Beginning of commercial operations: April 2016

97

VLT Carioca

98

VLT Carioca

99

CCR Barcas

100

CCR Barcas

101

CCR Barcas

New Vessel Conceptual Project of Shipyard

102

CCR ViaLagos

103

CCR ViaLagos INVESTMENTS

Investments

Made

R$ 150 million

of concession

+ 15years

104


New businesses: Ricardo BisordiWhat to expect in the coming years

105

OUR AIRPORTS

Juan Santamaria InternationalAirport, Costa Rica 1

Curaçao InternationalAirport2

Belo Horizonte InternationalAirport4

Quito InternationalAirport3

21 million

Passengers / year

106

QUIPORT

107

QUIPORT

Distance: 40 km from Quito downtown

Domestic Passengers International Passengers

5,3

2012 2013 2013accumulated

Sep

2014accumulated

Sep

5,5 4,1 4,3

1,8 2,1 1,5 1,6

3,5 3,4 2,6 2,7

12% 10%

108

LOCATION AND ROAD ACCESS

Ruta Collas (north access to the Airport) – in operation

109

Chiche River Bridge (south access to the Airport) - concluded

Open to traffic in the next months

Ruta Viva (south access to the Airport)

LOCATION AND ROAD ACCESS

110

AIRPORT SITE

6

1

45

23 7

8

9

9

11

1 Passenger Terminal 2 Intl.Cargo Terminal Dom. Cargo Terminal3 4 Commercial Center 5 GSE/Catering 6 CargoApron

7 ARFF / Maintenance 8 GA Terminal 9 Airline Hangars Main Apron GA Hangars10 11

10

111

PASSENGER TERMINAL

112

PASSENGER TERMINAL

113

PASSENGER TERMINAL

114

AIRPORT SITE

6

1

45

23 7

8

9

9

11

10



115

CARGO TERMINAL

Logistic Center

116

AIRPORT SITE

6

1

45

23 7

8

9

9

11

10



117

COMMERCIAL CENTER

118

COMMERCIAL CENTER

119

CONSTRUCTION PROGRESS

120


1

1 PTB Expansion 2 Hotel

2

121

PTB EXPANSION

122

BEFORE

123

CURRENT

• Investment: US$20 million

• Area: 7,700 m²

• 30% additional capacity in

the holdrooms

• 1.200 new seats

• 2 new boarding bridges

• Opening Date: May 2015

124

TERMINAL EXPANSION

125


1

1 PTB Expansion 2 Hotel

2

126

HOTEL WYNDHAM GRAN CONDOR

• Investment: US$ 17 million

• Area: 17,260m²

• 147 rooms

• Restaurants and business center

• Opening date: December 2015

127

HOTEL WYNDHAM GRAN CONDOR

128

ROUTE DEVELOPMENT

Mexico

VenezuelaColombia

Peru

MSIA

NQIA

129

First routes

MSIA

NQIA

Mexico

Venezuela

Colombia

Peru

Brazil

Madrid

(Spain)

Quito

(Ecuador)

New routes

Amsterdam

(Netherlands)New York

(USA)

Buenos

Aires

(Argentina)

Fort

Lauderdale

(USA)

ROUTE DEVELOPMENT

130

AWARDS

• 2014: South America´s Leading Airport and World LeadingAirport - World Travel Awards

• 2014: Beyond Success Award to Airport VIP Lounge by WorldConfederation of Businesses

• 2014: Nominated to 360º Infrastructure Award Latin Americaand Caribeen Region, first edition

• 2013: Airport VIP Lounges received the award for EquatorianCompany of the Year by Latin American Quality Institute

131

VIDEO

132

BH Airport

133

Federal Government auction:

November 2013

CONCESSION OVERVIEW

AeroBrasil Consortiumn, composed by

CCR, Munich Airport and Zurich Airport,

presented the winning proposal, which

included a 66% goodwill

Concession Agreement 30’ year duration

Minimum Bid Offer

R$ 1,1 bi

Winning Bid

R$ 1,820 bi

134

SHAREHOLDER STRUCTURE

49%51%

75% 25%

Private SPE

135

OPERATIONAL TRANSITION

Phase I-A: Operations Transition

Stage 1

PAI:

Issue Date: 07/05/14

Approval: 28/05/14

1st phase achievement

22/07/14

PTO:

Issue date: 13/05/14

Approval: 02/06/14

Stage 2

• Infraero shall continue to

perform its activities

(revenues and expenses)

The Concessionaire will

assist the activities

Contract notification to

suppliers and service

providers

Operations Certificate

Inspection - ANAC:

15 - 16/07/14

Stage 3

The Concessionaire shall

take full responsibility for

the operation of the Airport

(revenues and expenses)

Infraero shall make

available, on demand under

the management of the

Concessionaire

3 months which can be

extended for more 3 months

Effective Date of the Agreement (07/05/2014) 12/08/2014

136

OPERATIONAL TRANSITION IMMEDIATE ACTION PLAN (IAP)

Tasks after the Effective Date of the Agreement

• Revitalization and updating of passenger

information signs inside the TPS

• Reviewing and improvement of the lighting

system of roads access

• Expansion of the number of electric power

outlets in the departure lounges

• Reviewing of the building’s firefighting system

• Free high speed wifi

• Improvement and Maintenance the

landscaping in flowerbeds and road

access(*)

• Install vertical and horizontal signage

of the road access(*)

• Improvements to the conditions of repair

of restrooms and baby-changing facilities

137

IMMEDIATE ACTION PLAN (IAP)

WayfindingBefore Before

After After

138

IMMEDIATE ACTION PLAN (IAP)

Wayfinding Landscaping

139

START OF OPERATIONS AND PRESENTATION

Infrastructure Improvement Plan (PMI)

August 12 – Start of operations under BH

Airport management and PMI presentation

to authorities and press

140

OPERATIONAL TRANSITION

141

BRAND AWARENESS

The airport has a new corporate identity, including a BH Airport branding

and logo, and the message “Board this new flight with us”

142

PHASE 1B (2014 – 2016)

Parking

GSE

TPS

2

A

B

C

PTB 2

Utilities

Main Apron

D E F G H

I J K L M

143

PHASE 1 / PHASE 2 (2017 – 2023)

144

INVESTMENT PLAN – 2014 to 2023

• PTB Area: 40,000 m²

• 14 Boarding Bridges:

• 11 Code C Aircrafts

• 4 Code E Aircrafts

• Apron:

• 37 Code C Aircrafts

• 7 Code E Aircrafts

• 2nd Runway (2.500m)

• Addtional Peak Hour Capacity:

• 1650 departure pax

• 1700 arrival pax

• Annual Capacity: 23 mi pax

145

INVESTMENT PLAN – 2014 to 2023

Source: Premissa de Contrato

146

CONCEPTUAL DESIGN – NEW TERMINAL

147


148


149


150


151

Change the airport to a domestichub with international flights,

OPPORTUNITIES

due to the airlines demand for domestic connecting flights (including regional

routes) and new routes

152


OPPORTUNITIES



153


OPPORTUNITIES



154

OPPORTUNITIES

• Change the airport to a domestic hub with international flights,

due to the airlines demand for domestic connecting flights

(including regional routes) and new routes

• Cargo Terminal enhanced acitivities and scope

• Transform and expand the commecial program

• Development of the “Airport Industry” concept

155


Arthur Piotto FilhoUpcoming challenges

156

ACTION STRATEGY IN 2005

Focus on

profitability

Commitment with

dividends and

controlled leverage

New businesses

Action in the foreign market

Related business

Growth by means of:

2005 Portfolio2005 Portfolio

New businesses


Related business

Growth by means of:

157

2005 PORTFOLIO – TRAFFIC, HISTORICAL CORRELATION

Historical Elasticity 1.5x PIB

Portfolio: CCR AutoBAn, CCR NovaDutra, CCR RodoNorte, CCR ViaLagos, CCR Ponte and CCR ViaOeste

Elasticity 05-08 1.2x PIB Elasticity 10-13 2,3x PIB

CAGR Traffic: 5,4%

CAGR PIB: 3,5%

158

2005 PORTFOLIO – EBITDA MARGIN

Annual average expansion of 260 bps

Portfólio: CCR AutoBAn, CCR NovaDutra, CCR RodoNorte, CCR ViaLagos, CCR Ponte and CCR ViaOeste

54%54%

59%

58%

56%

58%

51%

56%

62%

58%

66%

57%

59%

64% 64% 64%

62%

62%

64%

61%

64%

61% 61%60%

66%

65%

69%

67%

68%

65%

69%

67%

68%

68%

72%

77%

1T05 2T05 3T05 4T05 1T06 2T06 3T06 4T06 1T07 2T07 3T07 4T07 1T08 2T08 3T08 4T08 1T09 2T09 3T09 4T09 1T10 2T10 3T10 4T10 1T11 2T11 3T11 4T11 1T12 2T12 3T12 4T12 1T13 2T13 3T13 4T13

With New Businesses the annual average expansion was 140 bps

159

Added investments as a source of value generation

YEAR CONCESSIONAIRE WAY TO REBALANCE

2011 ViaLagos Extension of 15 years

2008 ViaOeste Increased Collection Base

2006 ViaOeste Extension of 4 years

2006 AutoBAn Extension of 8 years

2005 PORTFOLIO – ADDED VALUE

Whoever invests in CCRO3 also takes this option at zero cost

160

Focus on

profitability

Commitment with

dividends and

controlled leverage

New businesses


Related business

Growth by means of:


New businesses


Related business

Growth by means of:

DONE


161

GROWTH OF NEW BUSINESSES

What did we say in 2005?

162

NEW BUSINESSES

What are the opportunities offered by the market?

Main opportunities

Federal – 2nd stage 2,600 Km 2007 7 Roads

Federal – 3rd stage 4,872 Km 2013 6 Roads 1

State of São Paulo –

2nd stage (partial) 1,800 Km 2008 5 Roads

Porto Alegre

Metropolitan Pole202 Km Did not happen

Secondary market 2008 and 2010 2 Roads 2

BR 101 475,9 Km 2012 1 Road

BR 116/BR324 in BA 680,6 Km 2009 1 Road

BA093 125,3 Km 2010 1 Road

Tamoios Highway 119,0 Km 2013 1 Road

PR – 323319,9 Km

2013 1 Road

Contorno Norte in BH 66,0 Km 2013 1 Road

163

NEW BUSINESSES

What was not planned and happened?

Expansion of Concessions Market in Brazil

Urban Concessions in big cities

(7 projects)

2006, 2012, 2013

2014

ViaRio, VLT, CCR Metrô Bahia, ViaQuatro, CCR

Barcas, Monorail L-18/SP, Line 6 of SP Subway5

Rodoanel in São Paulo 2008 and 2010 2 auctions of 3 sections 1

2005: 10 assets

2014: 24 assets

Airports 2011 and 2013 6 Airports 1

164

Focus on

profitability

Commitment with

dividends and

controlled leverage

New businesses


Related business

Growth by means of:


New businesses


Related business

Growth by means of:

DONE

DONE


165

FOREIGN MARKET 2012

• Acquisition value (Sep/12): R$ 99 million

• EBITDA LTM: R$ 32 million

Total Value of Acquisitions

~R$ 458 milhões

1) San Jose International Airport (48,75%)

• Total acquisition value (Oct/12 and Jun/13):

R$ 74 million


2) Curaçao International Airport (79,80%)

• Acquisition Value (May/12): R$ 285 million


3) Quito International Airport (45,49%)

EBITDA LTM

~R$ 164 milhões

1

2

3

Acqusition of 3 airports

outside Brazil as well as

evaluation of a number

of opportunities

Values refer to the participation of CCR, LTM (Last 12 months) Sep/14

166

Focus on

profitability

Commitment with

dividends and

controlled leverage

New businesses


Related business

Growth by means of:


New businesses


Related business

Growth by means of:

DONE

DONE

DONE


167

RELATED BUSINESS

2005 2006 2007 2008 2009 2010 2011 2012 2013

-

50

100

150

200

250

300

350

EBITDA R$ million Nº of users (in millions)

EBITDA values and no. of users refer to 100% of the business, CCR participation in this project is 34,24%

0,5

1,0

1,5

2,0

2,5

3,0

3,5

4,0

4,5

5,0

STP

168

BUSINESS EVOLUTION

Net Revenue

R$ million

583

24.456

Set/142012

14.573

2013

SAMM

• Expressive growth of data demand

• Main demand: big corporations/

financial groups

• Presence in all main Data Centers

between RJ and SP

Perspectives

169

EBITDA PERFORMANCE

CAGR: 12,3%

CAGR: 18,1%

CAGR IPCA: 5,3%

EBITDA generated by New Businesses:

79% highway sector

12% urban mobility

9% airport sector

5 projects at implementation phase:

CCR ViaRio, VLT Carioca, CCR Metrô

Bahia, Confins and CCR MSVia

0,8 0,9 1,0

1,2 1,4 1,4

1,6

1,9 2,1

2,3 2,4

0,8

1,1 1,2

1,4

1,7 1,9

2,3

2,9

3,3

3,8 4,0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014(*)

Current portfolio2004 Portfolio2014 (E) Bloomberg Consensus

CAGR calculated using unrounded numbers

R$

bill

ion

170

Focus on

profitability

Commitment with

dividends and

controlled leverage

New businesses


Related business

Growth by means of:

2005 Portfolio DONE

DONE

DONE

DONE

Focus on

profitability


171

FOCUS ON PROFITABIILITY

But we used to say that our focus would be to

grow with a focus on profitability. How did we do?

500547 580

714 709 672

899

1177

1351

2005 2006 2007 2008 2009 2010 2011 2012 2013

36,4% 34,9%35,8%

45,2%

24,6%21,4%

28,0%

35,0%

38,8%

1,

5

1,

3

1,

1

0,

9

0,

7

0,

5

0,

3

Profit (R$ millions) ROE

172

10,0%

20,0%

30,0%

40,0%

50,0%

2005 2006 2007 2008 2009 2010 2011 2012 2013

ROE CCR

ROE Player 1

ROE Player 2

FOCUS ON PROFITABIILITY

But we used to say that our focus would be to

grow with a focus on profitability. How did we do?

173

Focus on

profitability

New businesses


Related business

Growth by means of:

2005 Portfolio DONE

DONE

DONE

DONE


Commitment with

dividends and

controlled leverage

Commitment with

dividends and

controlled leverage

174

DIVIDENDS AND LEVERAGE

302 354532 604 608

851 802

1.054

1.3011.400

1,0x0,9x 0,7x

1,5x

1,5x

2,4x

2,1x 2,2x1,9x 2,0x

Set

2014

201320122011201020092008200720062005

Net debt/ EBITDADividend (r$ million)

175

12,0

LEVERAGE

R$ billions Net Deb / EBITDA Net Debt

R$ 3.9 billion

of additional

capacity

Source: EBITDA of the past 12 months

Sep 2014

8,1

3,0x2,6x

2,0x

0,6x

1,1x

0,9x

0,8x

1,5x

1,5x

2,5x

2,1x

2,2x

2,0x 2,0x

176

2005 Portfolio

New businesses


Related business

Growth by means of:

DONE

DONE

DONE

DONE

Focus on

profitability

commitment with

dividends and

controlled leverage


177

WHAT HAS CHANGED IN THE PAST 10 YEARS?

178

DIVIDENDS (CASH)

183 263500 547 580

714 709 672899

1.1771.351 1.323

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

16%

58% 61% 65%92% 85% 85%

127%

90% 90% 96% 106%

The commitment of paying a minimum of 50% of net

profits as dividends to shareholders (R$ millions)

(*) Bloomberg consensus

1- For 2014 Bloomberg market consensus was used.

2- Considers average quotation of shares in the year

Net Profit1 Payout

(*)1

179

Infrastructure, a long way to go...

180


Renato ValeWrap up session

181


CCR has a proven track record, either in acquisitions,

diversification or new biddings

Follow-on

USA

Concessions obtained Benchmark Acquisitions Extension of concession Multiple opportunities

for growth

20142013

(Transolímpica)

20122011201020092008200720062005

Follow-on

20042003

IPO

2002

182

COMMITMENT OF DIVIDEND WITH CONTROLLED LEVERAGE

302 354 532 604 608851 802

1,054 1,301 1,400

1,0x 0,9x0,7x

1,5x 1,5x

2,4x2,1x 2,2x

1,9x 2,0x

Set 2014201320122011201020092008200720062005

Net debt/ EBITDA PayoutDividend (R$ milhões)

61% 65%92% 85% 85%

127%

90% 90% 96% 106%

Dividend (in million)

183

RECOGNITION

184

CCR BUSINESSCreate Solutions in Investments and

Infrastructure Services that contribute to the

Socio-economic and Environmental

Development of the regions where we operate

185

Active CorporateGovernance

Management Modelin constantevolution

BUSINESS PILLARS

186

BUSINESS PILLARS

CCR Engelog

344employees

CCR EngelogTec

351 employees

CCR Actua

489 employees

More than 1,100 employees

Services units

187

People

Professionals Training ProgramHired Trainees: 141 (from 2006 to 2014)

Retention of 72%

LDP – Leadership Development Program• 500 employees

Analysis and Management Group• 1,185 employees

More than 12,000 employees

BUSINESS PILLARS

188

PerpetuitySustainability

BUSINESS PILLARS

189

In R$ x 1,000

INVESTMENTS IN SUSTENTABILITY

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

11 YEARS

INVESTMENT OF

R$ 135

millions

(*) for 2014 to 2018

CCR plan – direct investments and incentives

190

In R$ x 1,000(*) for 2014 to 2018

INVESTMENTS IN SUSTENTABILITY

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20182003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

NEXT 5 YEARS

INVESTMENT OF

R$ 275 millions

*CCR plan – direct investments and incentives

191

BUSINESS PILLARS

HEALTH AND

QUALITY

OF LIFE

EDUCATION

AND

CITIZENSHIP

CULTURE

AND SPORTSTHE ENVIRONMENT

AND ROAD SAFETY

192

WHY INVESTING IN CCR?

Clear, defined and public strategy

Controlling shareholders with the same goals and vision

High quality employees under ongoing development process

Solid financial structure

Access to capital market

Strong dividends policy

Significant upside potential

Qualified growth and sustainable development

193

Discussion, Q&A session

São Paulo, Novermber 7, 2014

194

Lunch

São Paulo, Novermber 7, 2014

195

ccro3 apresentacao ccr_day10_en

Investor Relations

years of ccr

ccr groupccr

ccr metr bahiasource

ccr businesscreate solutions

paulo metro2007

years of concessions

leonardo viannaso paulo

th ccrdayso paulo