ccro3 apresentacao ccr_day2016_eng

AGENDA

8h30 Registration and breakfast

09h30 Renato Vale Opening and welcome

10h00

to 10h30 Arnaldo Barbosa de Lima Jr. Ministry of Planning Development and Management

10h30

to 11h00

Marcelo Allain Government Civil House

11h00

to 11h20 Q&A

12h20

to 12h40 Leonardo Vianna New Businesses

12h40

to 13h00 Ricardo Bisordi International Expasion and Airports

13h00

to 13h20 Arthur Piotto Filho Financial Strategy

13h20

to 13h40 Renato Vale Closing

13h40

to 14h00 Discussions and Q&A

14h00

to 16h00 Lunch

11h40

to 12h00

Italo Roppa ViaQuatro/ São Paulo Roads e CCR Metrô Bahia

12h00

to 12h20 José Braz CCR NovaDutra/ CCR RodoNorte/CCR MSVia

11h20

to 11h40 Coffee break

Opening

CCRDAY - 12 YEARS OF CREDIBILITY AND PREDICTABILITY

CCR BUSINESS

Enable solutions for

Infrastructure Investments and

Services, contributing to the

Socio-economic and

Environmental Development of

the regions where we operate

BUSINESS DEFINITION

ACKNOWLEDGMENTS 2016

CCR GROUP COMPANIES 2005

HIGHWAYS URBAN MOBILITY SERVICES AIRPORTS

COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION

CCR Ponte

CCR NovaDutra

CCR ViaLagos

CCR RodoNorte

CCR AutoBAn

CCR ViaOeste

100%

100%

100%

86%

100%

100%

CCR Actua

CCR Engelog

CCR EngelogTec

100%

100%

100%

STP 34%

CCR GROUP COMPANIES

HIGHWAYS URBAN MOBILITY SERVICES AIRPORTS

STP 34%

COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION

ViaQuatro

CCR Barcas

VLT Carioca

CCR Metrô Bahia

60%

80%

24,9%

100%

CCR Actua

CCR Engelog

CCR EngelogTec

100%

100%

100%

SAMM 100%

Quito

San Jose

Curaçao

BH Airport

TAS

QUIAMA

50%

48%

79%

38%

70%

50%

STP 34%

CCR RodoAnel

Renovias

CCR SPVias

ViaRio

CCR MSVia

99%

40%

100%

33,3%

100%

2016

CCR NovaDutra

CCR ViaLagos

CCR RodoNorte

CCR AutoBAn

CCR ViaOeste

100%

100%

86%

100%

100%

20 YEARS OF CONCESSIONS

Follow-on (April)

CCR ViaOeste (October)

EUA Follow-on

20 years of

Concessions

Program

Terreno

NASP

Aditivos

SP

Aditivos

Dutra

QUIAMA

CCR HAS A PROVEN TRACK RECORD, EITHER IN ACQUISIONS,

DIVERSIFICATION OR NEW BIDS

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Concession Extension

Marks

Negotiations

Acquisitions

Concessions Awarded

COMPARISON IBOVESPA X IGC X CCR STOCKS

Closing price CCR x IBovespa

Base 100: 01/31/2002 (without dividends correction) F

EB

2002

FE

B 2

003

FE

B 2

004

FE

B 2

005

FE

B 2

006

FE

B 2

007

FE

B 2

008

FE

B 2

009

FE

B 2

010

FE

B 2011

FE

B 2

012

FE

B

2013

FE

B 2

014

FE

B 2

015

NO

V 2

016

IGPM Variation 203% and IPCA 160% until sep/16

0

500

1.000

1.500

2.000

2.500

HIGHLIGHTS AGENDA

HIGHLIGHTS 2016

Director of the Tax and Social Affairs Department –

Secretariat of Planning – Ministry of Planning,

Development and Management

Secretary for articulation to IPP

investments and partnership

ViaQuatro/ CCR AutoBAn/ CCR SPVias/

CCR ViaOeste/ CCR Metrô Bahia

VIAQUATRO

Luz

Paulista

Pinheiros

Butantã

República

Faria Lima

Fradique

Coutinho

Oscar Freire

Mackenzie

Higienópolis São Paulo

Morumbi

Vila Sônia

Phase 2

Phase 1

PHASE 1

Investments in trains

and systems

done 10 years in

November 2016

Operation with

quality and safety

970 million passengers transported until

October 2016

Recognition of

imbalances due to

Implementation delay

by the granting power

PHASE 1 PERMANENT INNOVATION PROGRAMS AND SERVICE IMPROVEMENT

MEDIA MARKETING IN

TUNNELS

CARS OCCUPATION

PANNELS AND SCHEDULED

TRAIN ARRIVALS

TRAINING WITH

SIMULATOR

PHASE 1

LUZ STATION PINHEIROS STATION

RUSH HOUR

JU

N/1

1

OC

T/1

1

AP

R/1

2

OC

T/1

2

AP

R/1

3

OC

T/1

3

AP

R/1

4

OC

T/1

4

AP

R/1

5

OC

T/1

5

AP

R/1

6

USERS HIGH SATISFACTION RATE

IGS (07 Atributes – Contractual)

USERS SATISFACTION RATE

Source: DATAFOLHA

93,3

91,2

87,5 86,1

87,6

89,2

86,2

89,3 89,4 89,7

93,9

PHASE 01

PHASE 2

Investments in trains and

systems (+15 trains)

11 already received

Infrastructure works,

under the São Paulo

government responsibility:

resumed

NEW CIVIL WORKS CONCLUSION

SCHEDULE:

Higienópolis Station

Oscar freire Station

Yard extension

Morumbi Station

Vila Sônia Station

Aug 2017

Nov 2017

Oct 2017

Feb 2018

Mar 2020

Source: SO issued by São Paulo State government in July 18, 2016

CCR AutoBAn WORKS IN JUNDIAÍ | APARECIDINHA COMPLEX

Current status of Works In progress

Total planned investment

R$ 264 MM (base Jul/16)

Additional time (marginal cash flow)

3 months and 17 days

Jundiaí Complex Aparecidinha

CCR SPVias SP 255 | SP 127 WORKS

Current status of works: In progress

Total investment

R$ 192.6 milhões (base Abr/16)

Additional time (marginal cash flow)

11 months and 8 days

Duplication of SP 255 | Avaré Implementation of frontage roads and access to

industries in Tatuí | SP 127

CCR ViaOeste IMPLEMENTATION OF INTERSECTION DEVICE AT RAPOSO AND

SERTANEJO ROADS

Total planned investment

R$ 25 MM

Additional estimated time

25 days

Work Schedule

6 months

CCR ViaOeste

CASTELLO

Total planned

investment

R$ 900 MM

Estimated

additional time

2 years

Work Schedule

2 years

Total planned

investment

R$ 195 MM

Estimated

additional time

6 months

Work Schedule

1 year

OSASCO

CCR METRÔ BAHIA WORKS

Lapa

Acesso Norte

Pirajá

Detran

CAB

Pituaçu

Flamboyant Tamburugy

Mussurunga

Aeroporto

Rodoviária

Pernambués

Imbuí

Bairro da Paz

Line 2 Stations

Line 1 Stations

Contract term 2043 (30 years)

Total planned investment R$ 3.851 Bi (base Apr/13)

Public Contribution (base Oct/13):

• Total amount: R$ 2.283 Bi

• Contribudion Due: Basically on time

Beginning of Commercial Operation 02/jan/2016

Funding

• Long Term: Solved

Generated Jobs

8.500

LINE 1

Lapa

Campo da Pólvora

Brotas

Bonocô

Acesso Norte

Retiro

Bom Juá

Pirajá

Complexo de Manutenção Pirajá

LAPA CAMPO DA PÓLVORA BROTAS

LINE 1

Lapa

Campo da Pólvora

Brotas

Bonocô

Acesso Norte

Retiro

Bom Juá

Pirajá


BONOCÔ ACESSO NORTE RETIRO

LINE 1

Lapa

Campo da Pólvora

Brotas

Bonocô

Acesso Norte

Retiro

Bom Juá

Pirajá


BOM JUÁ PIRAJÁ

COMPLEXO DE

MANUTENÇÃO PIRAJÁ

METRO – BUS INTEGRATION

INVESTMENT IN TRAINS

Contracted: 34 trains

Received: 26 trains

LINE 2 ACESSO NORTE STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 DETRAN STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 RODOVIÁRIA STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 PERNAMBUÉS STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 IMBUÍ STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 CAB STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 PITUAÇU STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 FLAMBOYANT STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 TAMBURUGY STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 BAIRRO DA PAZ STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 MUSSURUNGA STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

LINE 2 AEROPORTO STATION

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

TERMINALS IN OPORATION

Lapa

Campo da Pólvora

Brotas

Bonocô

Acesso Norte

Retiro

Bom Juá

Pirajá


PIRAJÁ RETIRO

Acesso Norte

Detran

Rodoviária

Pernambués

Imbuí

CAB

Pituaçu

Flamboyant

Tamburugy

Bairro da Paz

Mussurunga

Aeroporto

MUSSURUNGA ACESSO NORTE

LINE 2

Line 2 stations

Line 1 stations

Lapa

Acesso Norte

Pirajá

Detran

CAB

Pituaçu

Flamboyant Tamburugy

Mussurunga

Aeroporto

Rodoviária

Pernambués

Imbuí

Bairro da Paz

Opening 1° week – DEC16

DELIVERY

CCR NovaDutra/

CCR RodoNorte/ CCR MSVia

CCR NOVADUTRA

99,8% of contractual investments planned by Dec/2015

93,0% considering the total planned investments for the whole concession (Feb/2021)

NEGOTIATION OF NEW INVESTMENTS

IN THE CURRENT CONTRACT

Request from

25

investments

Priority works ANTT

3 billion in das Araras 1,7 billion in Serra

São Paulo Rio de Janeiro

Actual ascending lane

Actual ascending lane

New ascending lane

SPECIAL CARGO DAILY AVERAGE - 2010 TO 2015

8 Special cargo pass by Serra das Araras per day

North

(Descending)

South

(Ascending)

1 5 out of

cargo trucks passing by the descending lane needs a lane reversion (counterflow) to go down

Each lane reversion produces in average 3 of traffic jam

km

taking 1 h

42 to do it

RATES AT SERRA DAS ARARAS SECTION

The following comparison

shows that accident rates

at Serra das Araras section

are higher when compared

to the whole highway.

Data from 2015.

RATES

WHOLE

HIGHWAY

402 km

SERRA

8 km % VARIATION

Accident rate 1,16 X 4,62 297%

Death rate 1,64 X 1,85 13%

Severity Index 2,69 X 7,45 177%

Wound Index 51,18 X 64,67 26%

Mortality index 1,59 X 1,85 16%

Index of victims 52,82 X 66,51 28%

Accident rate

with victims

0,37 X 0,44 19%

CCR NOVADUTRA

REDE GLOBO – RJTV NEWS

10NOV10/16

IMPACTS OF SERRA DAS ARARAS PROJECT

LOSSES CAUSED BY POSTPONEMENT OF

IMPLEMENTATION FOR 8 YEARS

1,2 R$

Estimated social impact of

BI caused by

postponement

R$134,8Mi

Annual

total

loss in social benefits

* Sources: DNIT/IME Field research 1997 / BID Program 2006 / DENATRAN Research 2001 / Updated by IGP-DI variation

5,000

The period of works will generate more than

JOBS

IMMEDIATE BENEFITS

And new

investments

CCR RODONORTE

Current contract New investments in the

R$ 1,5 bi

Sonora

Jaraguari

Campo Grande

Nova Alvorada do Sul

Douradina

Eldorado

Mundo Novo

Coxim

Rio Verde de Mato Grosso

Rio Brilhante

Dourados

Caarapó

Naviraí

Itaquiraí

CCR MSVia THE HIGHWAY

Duplication in 5 years

Beginning of collection

BR- 163 Highway extension

845,4 km

14/09/2015

CONTRACT DEADLINE

Trabalhos Iniciais - Recuperação da rodovia para início da Arrecadação do Pedágio 11/09/2015

Frente de Ampliação de Capacidade - 85 Km para liberação do Pedágio 11/09/2015

Implantação de 9 Praças e Sistema de Arrecadação de Pedágio 11/09/2015

Centro de Controle Operacional - CCO 11/04/2015

Equipamentos de detecção e sensoriamento de pista - SAT 11/04/2016

18 PMV´s fixos 11/04/2015

17 PMV´s móveis 11/10/2014

Frente de Serviços Operacionais - Sistema de inspeção de tráfego 11/10/2014

Sistema de circuito fechado de TV - 452 câmeras 11/04/2016

Sistema de controle de velocidade - 13 radares 11/04/2015

Sistema de Atendimento Médico de emergência - com 17 âmbulâncias 11/10/2014

Sistema de atendimento de Socorro Mecânico de emergência - com 25 guinchos 11/10/2014

Sistema de Combate a incêndios e apreensão de animais 11/10/2014

Sistema de informação aos usuários 11/10/2014

Sistema de reclamações e sugestões dos usuários 11/10/2014

Sistema de comunicação 11/04/2015

Sistema de pesagem 11/04/2015

Sistema de guarda e vigilância patrimonial 11/10/2014

Posto de fiscalização ANTT 11/10/2014

Postos da Polícia Rodoviária Federal 11/04/2016

Implantação de 129 Km de Duplicação da Rodovia 11/04/2017

CCR MSVia ACCOUNTABILITY

Sonora

Jaraguari

Campo Grande


Douradina

Eldorado

Mundo Novo

Coxim


Rio Brilhante

Dourados

Caarapó

Naviraí

Itaquiraí

CCR MSVia WORK TIME


Andamento

BR- 163 Extensão da Rodovia

845,4 km

Previsto até Abril/ 2017

129 km

CCR MSVia WORK TIME

Sonora

Jaraguari

Campo Grande


Douradina

Eldorado

Mundo Novo

Coxim


Rio Brilhante

Dourados

Caarapó

Naviraí

Itaquiraí


Sonora

Jaraguari

Campo Grande


Douradina

Eldorado

Mundo Novo

Coxim


Rio Brilhante

Dourados

Caarapó

Naviraí

Itaquiraí

Current situation

CCR MSVia GDP | ACCUMULATED (IN %)

Preview

Real

0,0

3,2

6,6

10,4

0 -0,1

-4

-7,3

17,7

Projection Focus 11/04/16

2013

2014

2015

2016

CCR MSVia ABCR INDEX | ACCUMULATED (IN %)

0,0

2,8

-1

-6,5

6,5

(*)Data from December to September 2016

(**) Seasonal adjustment series

2013

2014

2015

2016

CCR MSVia VDMA | ACCUMULATED GROWTH (IN %)

Real

0,0

6,4

13,8

22,9

0

6,4

-8 -8,9

8,9

2013

2014

2015

2016

CCR Nova Dutra VDMA | ACCUMULATED GROWTH (IN %)

Real

0,0

4,7

9

13,7

0 1,5

-1,6

-4,7

4,7

2013

2014

2015

2016

GDP | ACCUMULATED (IN %) ABCR INDEX | ACCUMULATED (IN %)

VDMA | ACCUMULATED GROWTH (IN %)

(CCR MSVia)

VDMA | ACCUMULATED GROWTH (IN %)

(CCR NovaDutra)

CCR MSVia COMPARISON (IN %)

CCR MSVia

New Businesses

FEDERAL HIGHWAYS NEW PROJECTS

CP HIGHWAYS SECTION EXT. (KM) INVEST. (R$) DELIVERY

CP 02 BR 476/153/PR e BR 153/282/480/SC Lapa - Chapecó 460 4,5 bi 15/01/2015

CP 03 BR 364/365/GO/MG Jataí - Uberlândia 437 3,1 bi 08/06/2015

CP 04 BR 163/MT e BR 163/230/PA Sinop - Miritituba 976 6,6 bi 14/05/2015

CP 05 BR 364/MT e BR 364/060/GO Rondonópolis - Goiânia 704 4,1 bi 14/05/2015

18,3 bi

1 BR 101 / BA Gandu - Feira de Santana 199 1,6 bi 25/04/2016

2 BR 101 / SC Palhoça - Divisa SC/RS 220 1,1 bi 29/04/2016

3 BR 262 / MS Campo Grande - Três Lagoas 327 2,5 bi Extinct

4 BR 267 / MS Nova Alvorada - Presid. Epitácio 249 2,0 bi Extinct

5 BR 280 / SC S.Francisco do Sul - Jaraguá - Porto União 307 2,1 bi 14/12/2016

6 BR 364 / RO / MT Comodoro - Vilhena - Porto Velho 806 6,3 bi Republished

7 BR 101 / 232 / PE Recife - Caruaru - Cruzeiro e Construção do Arco Metropolitano de Recife 564 4,2 bi 11/08/2016

8 BR 262 / 381 / MG BH - Divisa ES/MG 305 1,9 bi Extinct

9 BR 470 / 282 / SC Navegantes - Blumenau – Campos Novos - Vargem Bonita 455 3,2 bi 21/09/2016

10 BR 101 / 493 / 465 / RJ/SP Rio-Santos Trecho Carioca até Divisa do Estado e Arco Metropolitano do Rio 357 3,2 bi 29/04/2016

11 BR 101 / 116 / 290 / 386 / RS Osório - POA e Camaquá-Carazinho 581 12,0 bi 29/02/2016

4.370 40,1 bi

AIRPORTS PIL 2015

Pax 2015 (MM)

6,4

9,1

3,7

8,4

FORTALEZA

SALVADOR

FLORIANÓPOLIS

PORTO ALEGRE

Data based 2016 CS| Public Hearing no. 24/2016

Investment (R$ MM)1

1.370

2.300

960

1.900

Minimum Grant (R$ MM)

1.390

1.187

211

122

Main Investments

Expansion of Terminal, Runway and Apron

Expansionn of Terminal, Runway, Apron and Parking Lot; in addition to the construction of new parallel and independent runway

Construction of new Terminal, Apron and Parking Lot

Expansion of Terminal, Runway, Apron and Parking Lot

1 Estimated investment by the Government

STATE HIGHWAYS SP FLORÍNEA | IGARAPAVA

Judgment criteirion Higher Value of Fixed Grant

Florínea

Igarapava

TIME

EXTENSION

INVESTMENT

DUPLICATION

FIXED GRANT

VALUE

PUBLICATION

OF NOTICE

PROPOSAL

SUBMISSION*

571 km

R$ 3,97 bi

209 km

R$ 794.501.296

30 YEARS

05/11/2016

22/02/2017

* Proposals differ up to 5% AUCTION

STATE HIGHWAYS SP

TIME

747 km

R$ 4,5 bi

274 km

R$ 788.250.500

30 YEARS

EXTENSION

INVESTMENT

DUPLICATION

FIXED GRANT

VALUE

ITAPORANGA | FRANCA

Judgment criteirion Higher Value of Fixed Grant

Franca

Itaporanga

STATE HIGHWAYS MG PMI nº 01/2015

Notice published by SETOP-MG in May 2015 to the presentation of studies (PMI) for concession of 28,000

4 proposals were submitted in November 2015:

SETOP-MG ordered further studies to DER-MG and external consultancy

LOT REGION EXTENSION (KM) CONTRAPRESTAÇÃO (R$mil) FIXED AWAY (R$mil) CAPEX (R$mil)

Lot 1 MG-424 50 - 829.740 406.690

Lot 2 BR-135 370 - 814.632 1.665.843

Lot 5 Uberaba 194 - 383.012 741.363

Lot 4 Uberlândia 299 - 313.822 1.121.373

Lot 12 Nova Lima 56 - 180.795 270.831

Lot 9 Pouso Alegre 308 220.905 - 1.316.727

Lot 11 Ouro Preto 234 692.508 - 873.321

Lot 3 Araxá 343 715.748 - 1.330.960

Lot 6 BR-494/BR-265 380 742.184 - 1.540.557

Lot 7 BR-354 348 874.833 - 1.356.933

Lot 10 Juiz de Fora 266 880.285 - 1.098.319

Lot 8 Varginha 385 1.478.638 - 1.685.126

Totais 3.233 5.605.101 2.522.001 13.408.043

PU

RE

CO

NC

ES

SIO

N

PP

P

We submitted a proposal with 12 lots, with 3,300 km between concessions with grant and PPPs.

3 other proposals were submitted, each with one section alone

URBAN MOBILITY MAIN PROJECTS

R$ 20 billion

Metrô SP Lines 5 and 17

0.9 billion

VLT Carioca South Expansion

1,9 billion

VLT

Salvador

0,9 billion

Intercities train SP

5,4 billion

Metrô BH

1,7 billion

Line 3 Niterói

3.0 billion

Metrô

Curitiba

4.5 billion

Metrô

Porto Alegre

2.5 billion

CPTM Lines 8 and 9

n.d.

Monorail Line 15 – SP

n.d.

METRO LINES 5 and 17

2

1 9

9

LINHA

LILÁS

5

LINHA

OURO 17

270.000 pax/day

9,6 km long

Elevate / Tunnel

7 Stations

8 Trains

1 Park in lot

85.000 pax/day

+7,9 km long

Elevated Monorail

+ 8 Stations

+ 1 Parking and maintenance Yard

+ 14 Trains

Delivery planned for 2018

Current (Capão Redondo

Adolfo Pinheiro)

Under Implementation (Adolfo

Pinheiro – Chácara Klabin) Line 17 - Gold 5 5 17

770.000 pax/day

+ 11 km long

Underground

+ 10 Stations

+ 1 Parking and maintenance yard

+ 26 Trains

Complete delivery planned for 2018

• Public Hearing carried

out on Sep 23, 2016

• Possible Notice

Publication for

Public Consultation

still in 2016

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Follow-on (april)

CCR ViaOeste (October) USA Follow-on

20 years of

Concessions

Program

Terreno

NASP

Aditivos

SP

Aditivos

Dutra

CR PORTFOLIO EVOLUTION

CCR portfolio is growing

and becoming diversied

Exclusive activities in Brasil

Internationalization by means of entering the airport sector


Marks

Negotiations

Acquisitions

Concession Awarded

DEVELOPMENT OF HIGHWAYS CONCESSION IN BRAZIL

Brazil has cyclic country, and the need of ensuring a pipeline

requires the Company to be alert and consider other markets

beyond borders

1st stage of

highways

concessions in SP

CCR AutoBan, SPVias

CCR ViaOeste, Renovias,

etc

1st wave of

highways

concessions

CCR NovaDutra,

Ponte, Concer, CRT

and Concepa

1996-1997 2006 2007-2009 2012 2013-2014

1st PPP in the country

For the operations and

maintenance of Line 4-

Yellow of SP Metro

2nd stage of

highways

concessions in SP

Ringroad, Dom Pedro I,

Ecopistas, etc

2nd wave of

highways

concessions

Régis, Fernão Dias,

Transbrasiliana, etc

1st wave of

airports

concession

Guarulhos (SP), Brasília

(DF) and Viracopos (SP)

2nd wave of

airports

concession

Confins (MG) and

Galeão (RJ).

3rd wave of

highways

concessions

CCR MSVia, CRO,

BR040, Concerba, etc

INTERNATIONALIZATION STRATEGY

• Different approaches due to the strategic focus and the relevance

of the opportunities

• Suitable partners A APPROACH

• Segments with greater potential in generating synergies

• Segments which CCR is already experienced

• Greater cultural proximity

• Attractive investment context (risk/return)

• Expectation of high volume of opportunities

SEGMENTS B

GEOGRAPHY C

OUTCOMES D • Suitable outcomes to the structure policy and capital

discipline of the Group.

PRINCIPLES

INTERNATIONAL EXPANSION

The focus of international expansion is

restricted to Airport and Highway segments

Leverage expertise

Facilitate entrance Optimize acquisitions

Accelerate ramp-up

SELECTED

SEGMENTS

Highways

Airports

International Expansion and Airports


4

2 1

Investment vehicle

Participation of 48,75% at Aeris Holding Costa Rica (2012)

Concession time

25 years (expiration in 2026)

# of passengers annually

4,3M

Investment vehicle

Participation of 79,8% at Curaçao Airport Investments (2012)

Concession time



1,6M

1 San José

International Airport 2

Curaçao

International Airport

3 Quito International

Airport 4

Belo Horizonte

Airport

Investment vehicle

Participation of 50,0% at Corporación Quiport (2012)

Concession time



6,0M

Investment vehicle

Participation of 38,25% at AeroBrasil Concessionaire (2013)

Concession time



8,9M (2014

CCR

acquired relevant

airport assets as

part of its

internationalization

and diversification

strategy

3

USA STRATEGY – CCRDAY 2015


WHAT HAS ALREADY BEEN DONE:

• TAS acquisition

• Creation of CCR USA Airport Management

• Local team of executives contracted

CCR USA

OUTCOMES ACHIEVED:

• Better knowledge of local market

• Relationship with key stakeholders (Authorities

and airlines)

• Market mapping and opportunities:

• Identified an unstructured market with no clear

and defined processes

• Deterioration of the airport sector

• Estimated necessary investment of $75Bi

25 opportunities identificed

T

T

T T

T T T T

VIDEO BH AIRPORT

TERMINAL 2

TERMINAL 1

BH AIRPORT WORKS OF PHASE I-B

Conclusion scheduled for

November 2016

Conclusion initially scheduled for

April 2016

Terminal 1 / Terminal 3 / Airside

R$ 230 MM

INVESTMENTS ALREADY MADE:

INVESTMENTS ON TERMINAL 2

• New Passengers Terminal

• 50,000 meters and 16 Boarding Bridges

• 1,800 parking spaces

• Adequacy of Roadways

• R$ 592 million

R$ 822 MM

TOTAL INVESTMENT:

BH AIRPORT CONTRACTUAL REGULARITY

FROM THE CONCESSIONAIRE SIDE

• Fulfillment of obligations on time

• Grant of R$ 76 million 2016 paid on court

FROM THE PUBLIC POWERSIDE

• Breach of realization and conclusion of works

• Works scheduled for 2014 World Cup undone

Estimated values by BHA

Base 2015

Potential balance of

pending works

R$ 273 MM R$213MM

R$175MM

R$9MM

R$397MM

BHA

Budget

R$124MM

R$60MM

R$55MM

R$9MM

Crucial

undertaken by

BHA

AIRSIDE TPS1 TPS3

USER SATISFACTION

1T

13

2T

13

3T

13

4T

13

1T

14

2T

14

3T

14

4T

14

1T

15

2T

15

3T

15

4T

15

1T

16

2T

16

3T

16

Source: SAC Research (Secretaria de Aviação Civil) – scale of 0 to 5

3,61

4,01 3,94 3,96

3,88 3,93

3,71 3,81

3,88

4,05 4,15

4,1 4,13 4,2

BH AIRPORT

FUTURE DELIVERIES

Financial Strategy

Considering

CCR meets the necessary conditions

for continue adding value to shareholder

without giving up on the capital

discipline and selectivity.

Potential of new growth opportunities

Access to capital markets granted by the financial strategy tripod

The best economic viability of assets to be bid

Greater dependece on private funding + + +

=

Infrastructure, still a long way to go...

In this scenario, is CCR financial strategy still suitable for a scenario of

new business perspectives?

YES. WHY?

Committment of paying a minimum of 50% of net profit as dividends

Company growth will be funded through leveraging

Indebtedness of 3.0x Net Debit/EBITDA

PILLARS OF FINANCIAL POLICY

Net Debt/EBITDA (x)

Net Debt (R$ Bi)

1T

12

2T

12

3T

12

4T

12

1T

13

2T

13

3T

13

4T

13

1T

14

2T

14

3T

14

4T

14

1T

15

2T

15

3T

15

4T

15

1T

16

2T

16

3T

16

3T

16

Ex-S

TP

EBITDA in 3T16 includes non recurrent R$ 1,307.7 million ref to

participation sale in STP. Excluding this effect, Net Debt/EBITDA indicator

in September 2016 would be 2.9 x, pro forma.

5,9 6,3 6,3 7,2 7 6,9 6,6

7,6 7,6 7,9 8,1

9,6 9,8 10,4 10,7

12,4 13

13,9 13,3 13,3

1,9 2 1,9 2,2 2,1 2

1,8 2 1,9 2 2

2,3 2,4 2,5 2,5

3 3 3,1

2,2

2,9

PROGRESS OF INDEBTEDNESS AND ADDITIONAL LEVERAGING CAPACITY R$ BI

7,6 2,7

Additional capacity reaching 3.5 x Net

DebtEBITDA

Additional capacity

SOURCES & USES ANNUAL PROGRESS

Financial Expenses

Net Debt Var.

20

08

20

09

20

10

20

12

20

14

20

16

E

20

18

E

20

11

20

13

20

15

20

17

E

EBITDA

Dividends paid

E: arithmetic mean of the figures in the Independent Research Reports, in November 2016: (i) Banco BTG

Pactual S.A.; (ii) Banco JP Morgan S.A.; (iii) Banco de Investimentos Credit Suisse (Brasil) S.A.; e (iv) Banco

Bradesco BBI S.A.

Financial Expenses: Interest, MV, Fees, Commissions, Hedge, Swap and Foreign Exchange Variation.

Investments

4,6 4,7

3,9 4,4 4,5

5,1

4,3 4,6

DIVIDENDS HISTORY R$ MILLIONS

Dividends received

Dividends paid (cash)

2009

2010

2011

2012

2013

2014

2015

2016E

Dividend Yield: average price year 2016 until 08/Nov.

Source: 2016 (E) arithmetic mean of the figures in the Independent Research Reports,

in November 2016: (i) Banco BTG Pactual S.A.; (ii) Banco JP Morgan S.A.; (iii) Banco

de Investimentos Credit Suisse (Brasil) S.A.; e (iv) Banco Bradesco BBI S.A.

Dividend Yield (in %)

798 777

1.533

1.266 1.345

1.620

1.080

1.550

609

852 803

1.054

1.301 1.400

1.051

1.250

34,6 34,9 35,8

45,2

24,6 21,4

28

35 38,8 36,8

22,4

31,4 32,3

41,8

ROE (in %)

Net Profit

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

E

20

17

E

20

18

E

E = Bloomberg market consensus (extracted on Nov/9/16)

500 547 580 714 709 672

899

1.177 1.351 1.349

874

1.419 1.354

1.883

FOCUS ON PROFITABILITY - ROE R$ MILLIONS

RodoNorte

ViaQuatro Renovias RonoAnel

Oeste

Samm

Follow-on SPVias

VLT, Metrô Bahia, BH

Airport, MSVia

ViaRio, Barcas,

Quito, San José,

Curaçao

CREDIBILITY, A VALUABLE ASSET FOR CCR

WHAT WE DELIVER:

Clear Strategy Selectivity Capital Discipline Efficient Use of Balance

Operational Optimization

OUR SPEECH:

18% of Ebitda CAGR

33% of Dividends CAGR

Despite repeated delays

in bids pace.

* EBITDA CAGR from 2002-2015 and dividends CAGR from 2003-2016.

NEW OPPORTUNITIES

New Opportunities

New Brazil Favorable macroeconomic cycle

Greater dependence on private funding

Concessions and privatizations are a consensus

Infrastructure

=

+

AGE INVITATION

Closing

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Follow-on (April)

CCR ViaOeste (October) USA Follow-on

20 years of

Concessions Program

Terreno

NASP

Aditivos

SP

Aditivos

Dutra

20 YEARS OF CONCESSIONS

CCR portfolio is growing

and being diversified

Exclusive activities in Brasil

Internationalization by means of entering the airport sector


Marks

Negotiations

Acquisitions

Concession Awarded

CASH DIVIDENDS HISTORY R$ MILLIONS 2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

9M

16

Dividend Yield

Net Profit

183 263

500 547 580 714 709 672

899

1177

1351 1349

874

1544 2,2

4,2 4,8

3,8 3,9

[VALOR],0 4,6 4,7

3,9 3,7 3,9 4,6 4,3 4,6

16

58 61 65

92 85 85

127

90 90 96 104 120

81

%

% 1

Payout 1 average price CCR03 unti Spt/16: R$15,33

SOCIAL INVESTMENT DIRECT AND ENCOURAGED INVESTMENTS 2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016E

2017E

2018E

2019E

2020E

13 years

R$ 187 million

Next 5 years more than

R$ 200 million (E)

SOURCES & USES ANNUAL PROGRESS

Financial Expenses

Net Debt Var.

20

08

20

09

20

10

20

12

20

14

20

16

E

20

18

E

20

11

20

13

20

15

20

17

E

EBITDA

Dividends paid

Investments E: arithmetic mean of the figures in the Independent Research Reports, in November 2016: (i) Banco BTG

Pactual S.A.; (ii) Banco JP Morgan S.A.; (iii) Banco de Investimentos Credit Suisse (Brasil) S.A.; e (iv) Banco

Bradesco BBI S.A.

Financial Expenses: Interest, MV, Fees, Commissions, Hedge, Swap and Foreign Exchange Variation.

34,6 34,9 35,8

45,2

24,6 21,4

28

35 38,8 36,8

22,4

31,4 32,3

41,8

ROE (in %)

Net Profit

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

E

20

17

E

20

18

E

500 547 580 714 709 672

899

1.177 1.351 1.349

874

1.419 1.354

1.883

FOCUS ON PROFITABILITY ROE R$ MILLIONS

RodoNorte

ViaQuatro Renovias RodoAnel

Oeste

Samm

Follow-on SPVias

VLT, Metrô Bahia, BH

Airport, MSVia

ViaRio, Barcas,

Quito, San José,

Curaçao

E = Bloomberg market consensus (extracted on Nov/9/16)

PILLARS FOR GROWTH

Qualified Growth

Capital Discipline

Corporate Governance

People management Sustainability

Clear, defined and public strategy

Controller Partners with same goals and vision

Qualified employees in ongoing development process

Solid financial structure

Access to capital markets

Strong dividends policy

Inserted in markets with upside potential

Qualified growth and sustainable development

WHY INVESTING IN CCR?

ccro3 apresentacao ccr_day2016_eng

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