2Q12 Earnings Results

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,

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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.

Agenda

Highlights

3

Results Analysis

Perspectives

Highlights

NET REVENUES:

Increase of 11.0% compared to 2Q11.

EBITDA and EBITDA MARGIN:

Increase of +13.4% in EBITDA, with margin of 62.5%, up 1.3 p.p. in relation to 2Q11.

4

NET INCOME:

Reached R$ 224.3 million, up 37.7 p.p. in relation to 2Q11, benefited by increased cashflow generation, reduction of operational costs and financial expenses.

ELECTRONIC TOLL COLLECTION:

Electronic toll collections reached 67.4% of total toll revenues, with the number of users ofthe STP system expanding by 21.1% compared to June 2011, reaching 3,478,000 activetags.

Subsequent Events

� On July 2, 2012, CCR concluded the stages planned in the Shares and othersCovenants Purchase and Sale Agreement, now holding through its subsidiary, CPC,80.00% (eighty percent) of the representative capital shares of Barcas S.A.

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� The Company’s board of directors proposed the distribution of R$ 0.54 as interimdividend per share, totalizing R$ 953.4 million, in anticipation of 2012 financial year.

Earnings Highlights

Expansion of EBITDA margin as a result of...

Financial Indicators (R$ MM) 2Q11 2Q12 Chg % 1H11 1H12 Chg %

Net Revenues* 1,080.2 1,198.6 11.0% 2,123.6 2,393.3 12.7%

EBIT 481.6 563.2 16.9% 965.0 1,170.8 21.3%

EBIT Mg. 44.6% 47.0% +2,4 p.p 45.4% 48.9% +3,5 p.p

...increased cash generation and cost reduction.6

EBIT Mg. 44.6% 47.0% +2,4 p.p 45.4% 48.9% +3,5 p.p

EBITDA 661.0 749.4 13.4% 1,323.0 1,529.9 15.6%

EBITDA Mg. 61.2% 62.5% +1,3 p.p 62.3% 63.9% +1,6 p.p

Net Income 162.9 224.3 37.7% 338.1 512.9 51.7%

Net Debt / EBITDA LTM (x) 2.2 2.0 - 2.2 2.0 -

EBITDA / Performed investments (x) 3.7 5.1 - 3.8 6.0 -

EBITDA / Interes and Monetary Variation (x) 2.7 4.6 - 3.1 4.5 -

* Net Operational Revenues excludes Construction Revenues

133,574 146,143

172,561

211,840

237,859 238,811

Traffic – Quarter Change

Consolidated – Equivalent Vehicle

2Q07 2Q08 2Q09 2Q10 2Q11 2Q12

0.1 -0.5

2.9

1.1

12.0

-0.8 -0.51.6 1.4

9.8

3.0

7.08.2

10.38.8

9.8

5.4

11.5

7

Revenue and Traffic 2Q12 X 2Q11 (%)

AutoBAn NovaDutra Rodonorte Ponte ViaLagos ViaOeste Renovias Rodoanel SPVias

Traffic Toll Revenues

95% 92% 93% 90%

5% 8% 7% 10%

AutoBan30.4%

NovaDutra

RodoNorte9.5%

SPVias8.1%

STP3.6%

RodoAnel3.4%

ViaQuatro3.0%

Ponte2.7%

Renovias2.3%

ViaLagos1.4%

Controlar1.1%

Others0.3%

Gross Operating Revenues

Revenue Analysis

Revenue Breakdown

2Q09 2Q10 2Q11 2Q12

56% 60% 65% 67%

44% 40% 35% 33%

Eletronic Cash

IGPM

60%

IPCA

40%

2Q09 2Q10 2Q11 2Q12

Toll Others

NovaDutra19.3%ViaOeste

14.9%

PaymentRevenue Indexer

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Total

EBITDA and Costs (2Q11 X 2Q12)

EBITDA increased 13.4%

+ R$ 88 MM

EBITDA increased 13.4%

+ R$ 88 MM

34%11%5%

Total Costs (R$ MM)

+3 Traffic 0.4%

+46 Tariff and ancillary rev. 7.5%

+22 Other Revenues 56.6%

+16 EBITDA margin increae +1.3 p.p.

Aprox. contribution to

EBITDA increase (R$ MM)Source Increase %

Total Costs

Reduction

9

Maintenance

and Advisory

16% 34%

14%

11%

20%8%

1%

+ TrafficDelay in

approval of EP

and Eng. Proj.

Maintenance

Cicle Review

ViaQuatro

Civil Provisions

ViaQuatro

Energy and

Civil Provisions

2Q11 Depreciation and

Amortization

Third-Party Services

Concession fee costs

and anticipated expenses

Personnel Costs

Construction Costs

Maintenance Provision

Other Costs 2Q12

736726

16

229 (7) (47)

(9) 6

Financial Results Highlights

Better financial results reflects...

Net Financial Result (209.4) (202.9) -3.1% (415.2) (372.0) -10.4%

- Result from Hedge Operation 10.7 22.8 113.9% (32.8) 16.2 -149.5%

- Monetary Variation (6.6) (7.4) 12.8% (20.9) (12.1) -42.0%

- Exchange Rate Variation on Loans, Financing and Debentures 16.5 (52.6) -418.3% 41.7 (36.7) -188.2%

1H12 Chg %Net Financial Result (R$ MM) 2Q11 2Q12 Chg % 1H11

...the drop in Selic rate despite the depreciation of R$ against the USD.10

- Exchange Rate Variation on Loans, Financing and Debentures 16.5 (52.6) -418.3% 41.7 (36.7) -188.2%

- Present Value Adjustment of Maintenance Provision (18.4) (13.6) -25.9% (38.0) (28.3) -25.6%

- Interest on Loans, Financing and Debentures (234.2) (164.3) -29.9% (410.5) (340.6) -17.0%

- Interest and Investment Income and other Revenues 46.4 32.5 -30.1% 89.8 65.7 -26.8%

- Others¹ (23.8) (20.2) -15.3% (44.5) (36.1) -18.8%

¹ Comissions, fees, taxes, f ines and interest on taxes

USD11.1%

TJLP3.9%

IPCA2.4%

IGP-M1.4%

Debt in June 30, 2012

Gross debt by indexer

• Total gross debt: R$ 8.0 B

• Net debt/ EBITDA: 2.0X

•Increase from 7.1% in USD (1Q12)to 11.1% in debt mix due to the

• Total gross debt: R$ 8.0 B

• Net debt/ EBITDA: 2.0X

•Increase from 7.1% in USD (1Q12)to 11.1% in debt mix due to the

CDI81.2%

Amortization Schedule

cosolidation of Quito Airportcosolidation of Quito Airport

112012 2013 2014 2015 2016 2017 to 2023

1,513 2,065

949 956 926

88

17

258

73 76 80

381

1,673

2,394

1,195 1,094 1,063

486

CDI USD Others

Debt

Reduction of leverage indexes...

Net Debt/ EBITDA LTM

5,633 5,565 5,6306,186 6,152

5,8936,330

2.0

1.6

1.9

2.5

2.32.2

2.3

2.1

1.9

...due to strong cash generation and maturation of recent projects.12

Net Debt/EBITDA (x)

2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12

3,456

4,169

5,633 5,565 5,6305,893

Net Debt (R$ MM)

1.6

Amortization 2012 2013

AutoBan 1,197 71

SPVias 19 1,195

Debt Structure and Amortization

After these refinancings, the new amortization schedule will reflect...

In R$ MM

Amortization 2012 - 2013 Expected schedule after refinancing

2.000

2.500,

,SPVias 19 1,195

ViaOeste 33 176

NovaDutra 218 145

TOTAL 1,466 1,587

...broaden financial capacity for new business.

* Total debt described in the amortization schedule set above does not consider transaction costs.13

90% in 2012 and 65% in 2013

Projects performed and contracts in progress

Mandated financing

0

500

1.000

1.500

2012 2013 2014 2015 2016 From 2017

Current Target

,

,

Commitment to pay at least 50% of net income as dividends to shareholders.

Dividends

4.2%4.8%

3.8% 3.9%

5.0%4.6% 4.7%

3.9%

16%

58%61% 65%

92%85% 85%

127%

90%

-20%

30%

80%

130%

2,5%

3,5%

4,5%

5,5%

6,5%

7,5%

8,5%

9,5%

2.2% -70%1,5%

2,5%

1 2 3 4 5 6 7 8 9

2003 2004 2005 2006 2007 2008 2009 2010 2011

183

263

500547

580

714 709672

899

Net Income

4 5 6 7

Div. Yield Payout*

* Considers the average share price in the year

Milestone Concession Awarded Acquisition Concession Extension

IPO(2002)

STP(2003)STP

(2003)Follow-on(April 2004)Follow-on

(April 2004)ViaOeste(October 2004)

ViaOeste(October 2004)RodoNorteRodoNorte

AutoBAn +ViaOeste

Concession

AutoBAn +ViaOeste

Concession

Track Record

CCR Track Record: diversification and new bids

(October 2004)(October 2004)(2005)(2005)Concession

Extension (2006)Concession

Extension (2006)ViaQuatro

(2006)

USA(2007)

(2008)RenoVias

RodoAnel(2008)

RodoAnel(2008)

Controlar(2009)

Controlar(2009)

Follow-on(2009)

Follow-on(2009)

SP VIAS(2010)

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Via Lagos Concession

Extension (2011)

Via Lagos Concession

Extension (2011)

2012:• Airports: Quito, San

Jose and Curaçao• Barcas

• Transolímpica

2012:• Airports: Quito, San

Jose and Curaçao• Barcas

• Transolímpica

Social and educational program‘Estrada para a Cidadania’‘Estrada para a Cidadania’

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11 millionof indirect participants

1.5 million studentssince the beggining of the program

‘Estrada para a Cidadania’

participants

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

10,000 15,000 45,000 45,000 112,000 132,000 135,000 140,000 140,000 145,000 350,000 450,000

400 500 2,200 2,600 3,800 4,000 4,500 6,000 6,000 6,500 13,300 14,000

600,000

Students Teachers Drivers

Social and health program‘Estrada para a Saúde’‘Estrada para a Saúde’

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In our structures, are performed more than 1,600 attendances per month.

‘Estrada para a saúde’

190m² of resting area for truck

drivers.

attendances/month

190m² of resting area for truck

drivers.

attendances/month

260m² of resting area for truck

drivers.

attendances/month

260m² of resting area for truck

drivers.

attendances/month

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Thank you